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Just my ideas on how NFTs will make Gen 3 chains the new cultural medium for the internet

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These are my opinions and ideas, not reality.

I see NFTs (abstract NFTs) slowly attracting and becoming part of our cultural medium. I don't just mean the crypto communities, but every community. Regular people are beginning to make Gen 3 crypto their default location to create value.

There will be waves where each medium of entertainment will reward early birds with large amounts of value. This happens in every platform that uses the network effect.

We are currently riding the Art wave, after I predict we will ride the music wave, and then the video wave soon after (keeping in mind that NFT micro economies will begin slowly detaching themselves from following the seasonality of the chain they reside in), hopefully around the video wave we will begin to have multiple waves at once and begin a physical NFT wave.

I believe the same patterns will happen during each wave. Each wave will have be "initiated" with it's first bubble, those who joined early will be rewarded and this will grab the attention of others, people will begin to join and soon they will generate NFT assets as there default form of value generation.

In the beginning bubbles it will be almost seemingly random with is who is rewarded. This will give people hope to join into this cultural lottery.

*Abstract NFTs are assets which are not tied to physical objects. Art, music, video, metaverse. This isn't necessary digital and encompasses everything that is not physical.

*Physical NFTs are proofs of ownership. In traditional ownership, authority defines who owns. In DeOwn the chain proofs ownership. The reason they are called physical is because they can normally be used to prove ownership of physical assets like real estate, cars, certifications, tracking IDs (think logistical, or inventory), etc...

submitted by /u/MEzero-TM
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