Crypto Rebrand? Why crypto words are being avoided
Join Our Telegram channel to stay up to date on breaking news coverage We have come to a situation today when the name of some of the most promising technology carries on a stigma of negativity and distrust. Thus, nowadays, if you are looking for NFTs on Instagram or Reddit, you might have much more success instead by looking for “digital collectibles”. You may recall a time when talking about “blockchain” was exciting – it seems to have been a brief time. A company that calls itself Riot Platforms is the same Bitcoin mining company formerly known as Riot Blockchain. Brynly Llyr, the head of blockchain and digital assets at the World Economic Forum, even recommended that the cryptocurrency industry completely rebrand itself around “decentralized systems.” And NBA All-Star Baron Davis says that “for a while, we definitely don’t want to call them NFTs.” His platform for managing photo and video rights, SLiC Images, is av...