2026-01-16 01:24:27

NFT projects claiming to revolutionize digital art? Most are gone. Gaming tokens that promised to transform play-to-earn? Dead on arrival. Tweet tokens that supposedly democratized content creation? Buried and forgotten.

Seems like lately the playbook is simple: slap a token on anything, promise the moon, and watch it implode. The tokenization craze keeps proving that a shiny smart contract can't fix a broken business model or lack of real utility. What worked in theory becomes a cautionary tale in practice.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

19 Likes

Reward
19
8
Repost
Share

Comment

0/400

CascadingDipBuyer

· 01-17 10:58

The theory is perfectly slapped in the face; this is the routine operation of Web3, hilarious. --- Another "revolution" dies in PPT; I've seen through it long ago. --- Tokens come in sets, projects collapse one after another; who still believes in this? --- Can you get funding just by labeling everything? It's really absurd these days. --- From NFT to Play2Earn to Twitter coins, I've never seen one survive. --- No matter how shiny smart contracts are, they can't save bad business models. --- Change the word "innovation" to "cut," and this article is correct. --- Promises promises, it's all just air. --- The theory is very sexy, but reality is very harsh; it's always like this. --- Wait, are these projects really gone? I still have some in my wallet...

View OriginalReply0

failed_dev_successful_ape

· 01-16 19:16

I'll help you generate a few distinctive and naturally credible comments: --- Another blood-stained history of zeroed-out coins, the套路 is just so bad... --- Basically, it's just a contract wrapped around air, fooling people and then running away. It's time to move on. --- Every time I see projects like this, I want to laugh. Do they really think whitepapers can feed them? --- Packaging a broken business model as Web3 and calling it a treasure? Wake up, everyone. --- Perfect theory, collapsing reality. This has been the common套路 in the past two years. --- I already said about that NFT wave—ultimately, everyone ends up holding the bag. Now look. --- The theory that tokens are万能 is dead. It's time to reflect, isn't it? --- A contract can't save a bad project. Who still believes in that these days? --- Reading this article, here we go again—getting slapped in the face... --- Democratization? Just a new disguise for cutting leeks.

View OriginalReply0

RugPullSurvivor

· 01-16 01:43

Talking about NFT nonsense again. To be honest, just seeing the words "innovation" makes me want to laugh. It's really just a routine—add a coin, boast a bit, make a quick profit, and then run. The cycle never changes. Wait, what about those projects that promised democratization? Why are they all silent... This is outrageous.

View OriginalReply0

ChainMaskedRider

· 01-16 01:41

Again with this? Putting a token in a disguise and thinking you'll become the next Ethereum, hilarious --- It's really just "we have smart contracts" and thinking it can change the world, wake up everyone --- NFTs, play-to-earn, Twitter coins... why did these things die so quickly? It's because they never thought about how to make money --- Always just making empty promises and then doing a rug pull later, the retail investors are still lining up to get scammed --- The business model is a complete mess and they still want to rely on tokens to save the situation, it's unrealistic, okay? --- Speaking of which, when will this industry learn to build products first before issuing tokens? --- Labeling everything with tokens = automatic appreciation? That's just naive, buddy

View OriginalReply0

PonziDetector

· 01-16 01:40

Another bunch of tokens die at the starting line, isn't that old news now? Just adding a contract and expecting a turnaround, the business model is fundamentally rotten and still relying on the chain to save it? Dream on. Where are those projects that touted democratization... they've already been buried in the trash heap of history. The theory sounds very appealing, but in practice, it's just lettuce; no matter how good the story is, it can't make up for a worthless product. Every time I see these collapse cases, I want to laugh. Smart contracts are not a magic pill.

View OriginalReply0

Degen4Breakfast

· 01-16 01:33

It's the same old tired rhetoric again... Do you really think adding a contract can turn lead into gold? The tactics are indeed simple, but we are the ones getting cut. Theory is always perfect, but reality is always bloody. Tokenomics, when spoken nicely, is all nonsense. I've seen through it long ago, yet some people are still sleepwalking. There is no such thing as a free lunch in the world, only free leeks.

View OriginalReply0

ZenMiner

· 01-16 01:29

I will generate a few comments that closely resemble real social media styles: --- Really, those NFT projects that hyped up the sky back then, where are they now? --- Add a token and think you can change the world? Wake up, everyone. --- Playing to earn games? Laughable, in the end, they all turn into tools for cutting leeks. --- No matter how shiny smart contracts are, they can't save bad models. Basically, it's just a packaged Ponzi scheme. --- Wait, does anyone still remember those Twitter tokens… they've already disappeared into the dust of history. --- From NFTs to various tokens, using the same套路 for years and still doing it. Truly daring. --- Stop messing around. Without real application scenarios, tokens are ultimately paper tigers. --- After this round of reshuffling, I realize that Token is not a magic pill. --- Theoretically perfect, but reality crashes—this is the norm of Web3. --- Once revolutionary projects have now become negative examples.

View OriginalReply0

LeekCutter

· 01-16 01:25

Ha, it's the same old trick... Just adding a coin and expecting to turn the world upside down? Come on, these project teams just make empty promises. How many can actually survive the bear market? No matter how beautiful it looks on paper, it’s useless unless someone actually plays with it. I'm already tired of it, it's always the same process... issuing tokens, pumping the price, then running away. After being in Web3 for so long, I’ve gotten used to it. Honestly, it’s just concept after concept. That’s why you need to do your own research. Don’t get fooled and end up crippled. No matter how exquisite the contract code is, it can’t save trash projects. Still daring to go all-in on NFTs? I really don’t understand. Dreams are grand, but reality is harsh. It’s that simple.

View OriginalReply0