We now have the tools to completely abstract art into technique and engage users in digital experiences supported by the underlying NFT. Art and collectibles are just a small part of the puzzle; any digital artifact in our lives is applicable and may eventually be replaced by NFTs.

"I am not saying that Web3 will solve all problems, of course it won't, it may even create new problems, but if developed properly and with the right regulation, it can provide meaningful power shifts for individuals and communities."

The shared open-source data layer with a reward mechanism prevents a "winner-takes-all" market, changes the rules of the game at the application layer, and creates a series of companies that are completely different from the business models at the protocol layer.