crypto web3 nfts metaverse id 0b4a562c b323 45ff 973d a742db8191f0 size900 The Great Crypto Rebrand: How to Catch Up With the Joneses

The Great Crypto Rebrand: How to Catch Up With the Joneses

– The term ‘crypto’ has many negative connotations, including being seen as speculative, volatile, unregulated, and lacking clarity as to its purpose.
– There is a movement to rebrand crypto as ‘web3’, which is a decentralized web in which users have total ownership of their online identity.
– One reason for this rebranding is that it ties in with something familiar (the web) and trusted (web2).
– Another reason is that it decouples crypto from purely financial connotations.
– There is a shift from referring to ‘wallets’ to ‘profiles’, as wallets will become more like a window to a user’s digital identity.
– There is also a shift from referring to ‘NFTs’ to ‘digital objects’, as NFTs can be used for a variety of purposes beyond just being ‘monkey JPEGs’.
– Ultimately, the goal is to create a metaverse in which users have independent ownership of their digital lives.

 

 

crypto web3 nfts metaverse id 0b4a562c b323 45ff 973d a742db8191f0 size900 The Great Crypto Rebrand: How to Catch Up With the Joneses
The Great Crypto Rebrand: How to Catch Up With the Joneses 3

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