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Thousands of existing tokens will disappear, and the number of blockchain platforms will be significantly reduced. This is the opinion of some experts working in the cryptocurrency market, writes CNBC.
The head of the Web3 Foundation, Bertrand Perez, believes that now in the industry “there are too many blockchains and tokens”:
“Just like at the beginning of the internet, when there were a lot of dot-com companies and many of them were fraudulent, they didn’t bring any value, and it all disappeared. Now we have very useful and legal companies.”
Ripple CEO Brad Garlinghouse admitted that in the future there will be “dozens” of cryptocurrencies on the market:
“There is a question whether we need 19,000 new ones today. [цифровых] Currencies. There are about 180 currencies in the fiat world.”
Earlier, Guggenheim investment director Scott Minerd called most of the cryptocurrencies “trash” and stated that only Bitcoin and Ethereum will “survive” the crypto winter.
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