That doesn't mean NFTs are a scam or a fad. Far from it. Only that many projects last year were cash grabs, and we should now expect more from our non-fungible tokens.

With many crypto startups, there’s an elephant-in-the-room question: “Why does this need to be crypto?” Many web3 companies don’t, in fact, need to be built on web3, and the current iteration of Mad Realities is no different. In theory, Proof of Love could be stitched together with a Kickstarter and a group chat.

While the blockchain offers promise in addressing some of the challenges present in Web 2.0, the blockchain alone does not comprise the entirety of the web3 experience. In fact, the complexity of working on the blockchain means that the barrier for entering this space is somewhat higher, and as a result there are few companies building the required... See more