I have been just in the crypto world for 5 months. I have tried to learn about blockchain, bitcoin, altcoins,... and I realize that blockchain is being abused.
Many projects are launched with the ideas of using blockchain. But actually, blockchain is not necessary to implement their projects. It just seems to follow the trend of tokenization. And their tokens are utility tokens, real "utility", which are utilized to raise their funds. There is no reality application of blockchain. I think everything will be good if it is enough. Will blockchain become worst if they continuely abuse it?
What do you think about this problem?
Unfortunately, the crypto market is still very young. Yes, many people abuse the concept of blockchain and attract investment for the development of their projects, which have nothing to do with it. The market allows you to do this. Lack of culture of investing, weak regulation, all this hurts the market ... But sooner or later the market will become civilized. And these negative moments will disappear.