Thousands of existing tokens will disappear, and the number of blockchain platforms will shrink significantly. That is the view of some experts working in the cryptocurrency market, CNBC reports.
The head of the Web3 Foundation, Bertrand Perez, believes that there are \”too many blockchains and tokens\” in the industry today:
\”Just like at the dawn of the Internet, when there were many dot-com companies and many of them were fraudulent, they added no value, and all of that disappeared. Now we have very useful and legitimate companies.\”
Ripple CEO Brad Garlinghouse conceded that in the future the market will be left with \”dozens\” of cryptocurrencies:
\”There is a question whether we need 19,000 new digital currencies today. In the fiat world there are about 180 currencies\”.
Earlier Guggenheim’s Scott Minerd called most cryptocurrencies ‘junk’ and said that only Bitcoin and Ethereum would survive the crypto winter.
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