NFTs are stupid AF for most of the tasks people currently use them for and definitely shouldn’t be used as proof of ownership of physical assets.

However, I think NFTs make a lot of sense as proof of ownership of purely digital assets, especially those which are scarce.

For example, there are several projects for domain name resolution based on NFT ownership (e.g you look up crypto.eth, your browser checks that the site is signed by the owner of the crypto.eth NFT, then you are connected to the site), as it could replace our current system, which has literally 7 guys that hold a private key that is the backbone of the DNS system and a bunch of registrars you have to go through to get a domain. This won’t happen anytime soon but it is an interesting concept.

Then I think an NFT would also be good as a decentralized alternative to something like Google sign in, where you sign up for something with the NFT and sign in by proving your ownership of it.

In general though I find NFTs to be a precarious concept. I mean the experience I’ve had with crypto is you literally have a seed phrase for your wallet, and if it gets stolen all your funds are drained. And then for an NFT, if you click on the wrong smart contract, all your monkeys could be gone in an instant. There is in general no legal recourse to reverse crypto transactions, and I think that is frankly the biggest issue with the technology as it stands today.

I think this is downplaying what LLMs do. Yeah, they are not the best at doing things in general, but the fact that they were able to learn the structure and semantic context of language is quite impressive, even if it doesn’t know what the words converted into tokens actually mean. I suspect that we will be able to use LLMs as one part of a full digital “brain”, with some model similar to our own prefrontal cortex calling the LLM (and other things like vision model, sound model, etc.) and using its output to reason about a certain task and take an action. That’s where I think the hype will be validated, is when you put all these parts we’ve been working on together and Frankenstein a new and actually intelligent system.