Crypto news

Experts expect “thousands of tokens” to disappear

Thousands of existing tokens will disappear and the number of blockchain platforms will significantly decrease. That’s what some experts working in the cryptocurrency market believe.

Bertrand Perez, head of the Web3 Foundation, believes that there are “too many blockchains and tokens” in the industry now:”

Just like at the beginning of the Internet, when there were many dotcom companies and many of them were fraudulent, did not bring any value, and it all disappeared.

Now we have very useful and legitimate companies.

“Ripple CEO Brad Garlinghouse conceded that there will be “dozens” of cryptocurrencies left on the market in the future,

“There’s a question of whether we need 19,000 new [digital] currencies today. There are about 180 currencies in the fiat world.”

 

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