Part 4/12:
Despite its hype, blockchain technology has yet to deliver a truly successful large-scale project. The Australian Stock Exchange's attempt to digitize stock transactions using blockchain was ultimately reversed, indicating that the technology remains experimental.
Similarly, NFT marketplaces are often rebranded microtransactions, and while they enable digital scarcity, they rarely innovate beyond what existing payment systems already do. Cryptocurrencies, initially seen as a revolution in creating a decentralized store of value, are now often associated with pump-and-dump schemes and speculation.