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Home Blockchain

Now we can stop saying the word “Blockchain” thanks to NFTS [George Howard]

admincrypto by admincrypto
April 7, 2022
in Blockchain
Now we can stop saying the word “Blockchain” thanks to NFTS [George Howard]
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Had it not been for the adoption of NFTs, we might not have evolved towards never saying the word “Blockchain” again, while enjoying all that Blockchain tech empowers every day.

A guest post by George Howard from Forbes.

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As a long-time builder of Blockchain tech and businesses, I’ve said for many years that we’ll know Blockchain has adopted when people stop using the word “Blockchain.” My analog for this is that no one refers to TCP/IP protocols; they just say: “the web” or “the Internet.” These shifts in nomenclature — from technical terminology to a more prosaic/user-centric one — signify that the technology is evolving and that the types of users are expanding. No longer are people solely entranced by the possibilities of the technology, but rather, they are finding value in products that the technology enables. 

To paraphrase Clarke’s Third Law, the technology has sufficiently evolved so that it, like magic, disappears and, thus, shifts the value and the user’s focus to the product rather than the underlying tech. 

In this photo illustration, a NFT (Non-fungible token.
NFTs appear to be the “killer app” pushing Blockchain tech into the mainstream. SOPA IMAGES/LIGHTROCKET VIA GETTY IMAGES

This is a wildly exciting development for those of us who are long-time Blockchain true believers. For years we’ve been forced to attempt to explain the virtues of Blockchain — which is inherently (and unapologetically) technical — without the benefit of use cases that make understanding much more achievable.

Of course, what has finally led people to “talk” about Blockchain tech without saying the word “Blockchain” is the NFT.

I’ve been asking random groups of my students at Berklee (not those in the class I teach on Blockchain) if they’ve heard of NFTs; all have. When I ask what those letters stand for (”Non-fungible Tokens”), only about 60% know. When I ask those who do know what the abbreviation stands for to explain how NFTs work, the percentage of those who can adequately do…

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