Yep, you are right. There was the Defi craze too. In fact, there were 3 of them then: Defi, NFTs, and memes (to a lesser extent). Both Defi and NFTs can really be useful, but much thought needs to be put into them and a lot of work done to create something really useful and awesome. Unfortunately both names have a bad aura around them now, thanks to how the initial iterations were created. And how many would do it, when we have the easy-work-easy-money model that works via memecoins? I wonder if these narratives aren't made dumber and dumber every cycle, so that in the end, there will be only one: bitcoin, and this one controlled by the right entities. Plus a few centralized casinos (Solana), or something like that.
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