RE: Why Are DeFi & NFT The Most Criticised Aspect Of Crypto?
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I feel like the government doesn’t have a clear definition of what they consider a security or not. I’ve seen several cases where certain assets have been called securities and later called assets.
I agree that NFTs have intrinsic value. Similar to art. You pay the price you think the art (or in this case, the NFT) is worth. It’s really about how you feel about the NFT or piece of art. But I feel like crypto is the same. Even though in the case of crypto, you buy and sell at market value, things like hodling and limit orders exist for intrinsic assessment. If you feel that a certain project is worth more than it is currently selling on the market, you wait until others can appreciate the value you see in it and are willing to buy at that price.
In the aspect of conventional crypto, I think community and project is what gives value to a Crypto project. In reality, I do believe that it's totally different from NFT and Defi that do not have some certain value to make it a mainstay. I do believe it'll be an integral part of crypto in the future, but we're probably not ready for it at the moment I guess.
Yeah it’s use case and adoption is slow at the moment. Hopefully as crypto gains more grounds in the future, it’ll throw some more light on NFTs and Defi and help it’s growth and adoption.