One of the crypto evangelists who has been around for some time is Justin Sun. Sun and his group have exposed people to the TRON Network and the DAO that goes along with it to get the community involved in the network’s development. The TRON network now hosts many different kinds of goods and services, including some connected to governing and regulating the network.
The precipitous fall in the number of NFTs, says Justin Sun, is due to a confluence of factors. Many traders diversified their cryptocurrency portfolios following the latest up trend market. As the crypto winter dragged on, investors were compelled to rebalance their holdings and sell off more volatile assets like NFTs. Another result of this measure was the end of speculative bidding in NFT markets. Another factor contributing to the current crisis is the decline in the popularity of the game that will get you P E.
In Justin Sun’s view, the most up-to-date version of NFTs does not offer anything in the way of real-world value. Shortly, we may expect to see a wide variety of projects that will test out novel use cases. However, NFTs are presently working as the underlying mechanism for various projects and developments during this critical moment of Web3 development and will remain to do so in the future. There is little doubt that innovations like aNFTs and fractional NFTs, as well as other technologies, will aid in the development of blockchain technology and hasten its widespread adoption. This will be especially true when the learning curve is lowered, and more people have access to it.
Justin Sun is emphatic that blockchain business owners and developers should prioritize customer satisfaction and ease of use above everything else. Most potential buyers feel It is still too early to tell if these new technologies will meet their current requirements. Ecosystems cannot be built with a method that only works in one direction. Instead, they should think beyond the box to persuade the intended audience on several levels by raising awareness, creating user-friendly products, strengthening regulations, etc., hopefully leading to increased adoption.
Original source to learn more: https://ideamensch.com/justin-sun/