We have seen utility tokens that has partly diminished in activity maybe because of the side effects of crypto winter and the emerging trend of STO but no, utility tokens will not die soon since its an essential component in crypto projects and absence of which could be unimaginable and chaotic. I expect a sudden resurgence in activity of projects that has utility tokens once the bull market is in full swing. Imho.
Actually I find what you say interesting. You perspective of an absence of utility tokens bringing a chaotic consequence, is it purely in terms of the reduction of the amount of money being circulated?
Or are there other perspectives?
I can think for example in the reduction on active labor in the crypto industry and a slower development of qualified professionals for the industry.
I am thinking that with the absence of utility tokens if ever, and hypothetically speaking, would significantly reduce use cases of blockchain projects. I think the advent of utility tokens initiated many ideas which have culminated to crypto projects that have different important use cases and now playing important roles in blockchain technology evolution.