WHY CONSUMER CRYPTO COMPLETELY SCREWED UP

Summary from the TLDR Crypto newsletter

Crypto's fundamental misstep in 2021 was attempting to create artificial scarcity in digital goods, which directly opposed the Internet's trend toward democratization and abundance. Music NFTs attempted to monetize digital content when historical trends showed the value of experiences over assets. More successful approaches align with Internet principles by focusing on democratizing experiences and disintermediating middlemen.