Andrew W. Pearson
1 min readAug 19, 2022

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Tiny community, the APE community. Sure it can work for a select group of cultists but web3 and NFTs promised us mass use. Even the NBA couldn't get their NFTs scaled up to much usage. People have even moved on from that as well. The crypto winter of Summer '22 really put the knife to crypto and NFTs so all these wondrous use cases are falling by the wayside. Who's going to buy a ticket from an NFT blockchain when there's one available on tickets.com? That whole buy and an NFT and you can access my merch is ring-fencing the product, i.e., making it more difficult for people to buy. Bands that want to NFT their tix are going to find they're limiting their audience, which to be quite frank, is the last thing that desperate musicians should be doing. Sure Gary Vee does well with his Veecon but how many of those cultists are there out there for multiple Veecon -- or NFT cons? This isn't a growing community. Ultimately, the problem is blockchain is a bad technology that is incredibly inefficient, it's 20+ years old and it's still grappling for use cases, that's not the kind of tech that's going to light the world afire. The best it and crypto can do is NFT tickets and fantastic money laundering capabilities. Wow. Sign me down.

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Andrew W. Pearson
Andrew W. Pearson

Written by Andrew W. Pearson

Andrew Pearson is the MD of Intelligencia, an AI company based in Asia. Speaker, author, columnist, Pearson writes about IT issues like AI, CI, and analytics.

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