Actions speak louder than think pieces. So these recent actions by Tesla and Mojang are just one of many signs of the great implosion of crypto/NFTs/Web3/etc.
First off, Minecraft developer Mojang won’t allow NFTs in the game and second, Tesla just did a big crypto sell-off.
I especially liked what Mojang had to say. Essentially NFTs are anathema to the experience that they try and provide with Minecraft. They put their finger on what is wrong with all of that technology. Good for them.
As for Tesla, they were huge proponents for cryptocurrency until recently. For them to dump most of their holdings is a sign — among many signs out there — that crypto winter has set in and will likely stay that way for some time to come.
Thanks to The Verge for both of those pieces.
Smart People I Know 