NFTs – The Ultimate Trojan HorseSep 22, 2021
On a completely separate note, the mainstream appeal of NFTs implies that its use cases for the typical individual are going to be much bigger than DeFi. We all know this is probably true, but we at Delphi wanted some empirical data to find out to what extent.
Google Search Interest reveals that NFTs are generating much greater interest online relative to DeFi. What’s more surprising is – on two separate occasions (mid-March and end-August) – NFTs had nearly as much search interest as Ethereum! This signals that, as a concept and movement, NFTs have the potential to be much bigger than any single L1. We’ve already seen the budding Tezos and Solana NFT ecosystems, so unless Ethereum L2s gain adoption fast, it’s likely that this excess demand will spillover on other chains.