TechFlow news — On May 9, billionaire investor Mark Cuban took to Twitter stating: The pain in the crypto market may have just begun. Cryptocurrencies are going through the same phase the internet experienced in the early 2000s, with a flood of startups emerging that offer little to no real utility. The crypto industry, especially smart contract platforms, needs to start focusing on improving business models to justify their high valuations. Copycats without unique utility or product-market fit will eventually disappear as the hype fades. We need smart contract applications to replace [Software-as-a-Service] applications.
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