nothing is financial advice, my posts gear more towards education/updates in the crypto & NFT world, as well as some personal updates.🪙 bit of an $HBAR nerd
#NFT real-world possible use cases that don’t involve art:
- legal documentations can be digitized in a non-fungible way
- movie, plane, cruise ticket tokens on decentralized platforms instead of centralized ones
- ID/insurance documentation
#Terra $LUNA crashing is a prime reminder that even projects at the very top can collapse with improper protocols and structures. hence why it is important to #DYOR !
post-mortem thoughts on $LUNA:
this could have been seen from a mile away, with previous algorithmic #stablecoins, and this should be remembered for the future of any algo-stable (although they shouldn’t exist at all).
as i said in one of my other tweets, this will 100% only push regulation on #crypto, or at least stables, which some nations have already stated intentions on doing so after this fiasco.
this $LUNA ride has been crazy, but also terrifying. stablecoin & general crypto regulation might be an annoyance to some, but it is 100% a necessity and ASAP at this point.