We can’t pretend markets are still flying high and that paying millions for an NFT is still the norm.
The idea and act of being a disruptor should be encouraged, but it’s important for entrepreneurs to be aware of what they’re actually trying to disrupt and build to that specific thing, rather than overhauling a system when it might not be necessary to do so. If, as an industry, we incorporate the systems, processes, tools and solutions that have worked for the global business and financial sectors for decades, then it’ll be easier to get more traditional institutions to enter the space, which benefits us all.
It’s also wrong to believe conforming to traditional standards is a “bad” thing, since it’s necessary for our industry to grow and broad consumer adoption will require at least some familiarity for users. It isn’t bad for our industry to shed its associations with things like 4chan meme culture and crypto-scams, and it isn’t bad for NFT entrepreneurs to start moving the ball forward in that respect.