TL;DR The typical talking points on the “metaverse” may be misguided: crypto culture will permeate IRL similar to social media’s impact on consumer/retail in the 2010’s. History, however, does not repeat itself, but it rhymes. NFT PFPs are an enthusiast consumer use case that are bootstrapping a decentralized crypto ecosystem. Faith in networks, trustless architecture, and mechanism design > faith in centralized intermediaries. This year’s set of spectacular crypto failures may have been avoi...