**Summary:**
Task talks about the parallels between the current NFT and cryptocurrency craze with the dot-com bubble of the 1990s and the ICO boom of four years ago. He highlights the importance of distinguishing legitimate projects from scams, advising caution in the current market. Task emphasizes the potential of NFTs and DAOs but warns against the influx of low-quality projects in the space. He urges viewers to be mindful of the risks associated with investing in NFTs and to differentiate between collectibles and assets with utility.

**Detailed Article:**
Task starts by drawing comparisons between the current technological advancements and market hype with what was witnessed in the past, specifically during the dot-com bubble and the ICO era. He delves into the exuberance and irrationality that characterized those periods, leading to significant market volatility and unrealistic valuations of companies and projects.

The discussion shifts to the ICO craze of four years ago, where ventures were funded through initial coin offerings. Task points out that while some projects like Singularity Net, founded by Ben Goertzel, have stood the test of time, many others failed to materialize or were outright scams. This serves as a cautionary tale for the current NFT market, where he sees similarities in terms of investment fervor and speculation.

Task acknowledges the potential of NFTs, emphasizing their role in reshaping digital ownership and their future importance in areas like intellectual properties, Web 3.0, DAOs, and the metaverse. He distinguishes between collectible NFTs and those with practical utility, such as those in gaming platforms like Splinterlands, which provide avenues for passive income and gameplay enhancements.

Regarding the NFT market, Task warns against the proliferation of low-quality projects masquerading as valuable assets. He notes the importance of conducting due diligence and avoiding overpaying for NFTs that lack real value or utility. Task uses the analogy of investing in companies like Tesla, where the potential for future growth justifies the current valuation.

Furthermore, Task anticipates a rise in projects related to DAOs (Decentralized Autonomous Organizations) in the future, paralleling the current trends with NFTs. He cautions viewers about the influx of subpar DAO projects and the risks associated with fraudulent schemes and rug pulls.

In conclusion, Task advises viewers to exercise caution in the NFT market, differentiate between collectible NFTs and those with utility, and learn from past market bubbles to navigate the current investment landscape wisely. He emphasizes the importance of discerning legitimate projects from speculative ventures to make informed investment decisions in the volatile crypto and NFT space.

im optimistic about dao I have bought dao related   tokens as well

I love the step-back to see the broader picture, and how you're drawing that parallel to the dot com boom.  Yup - buckle in, baby.  LOL... yes, I AM old enough to remember it - the massive successes as well as the suicides and disasters.  Appreciating a voice of reason....

As the youth replace the old guard on Wall Street, something dumb always happens

It looks like people will have pay attention to the projects they get involved in. So I think the Defi and NFT space will probably both have issues but I don't know if there will be a dot com type crash on the market. At least I don't think it is very likely and I think people just learn over time to do some research.

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good luck 👽

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Given time history does do some repeating.  I am reminded of the fashion industry and how fashion tends to repeat itself.  So it would stand to reason that the tech industry would have some repeating there also.  

I think NFTs that incorporate mining and drips are worth holding but I only own a few NFTs that do nothing other than wait to be looked at, and I wouldn't have gotten those if it wasn't to support something I'm into.

I also think combining NFTs and tip tokens could be a fun thing to play with here.
Instead of getting a slice of !PIZZA or some !BEER we could tip NFTs that highlight, promote, or showcase something.