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One of the most notable pieces of news in the crypto world this week is that CryptoPunks and Chromie Squiggles have been officially permanently collected by the Museum of Modern Art (MoMA) in New York. This is undoubtedly a milestone moment in the development of NFTs—on-chain digital art has finally received official recognition from a top art institution, entering the most important cultural temple in the world.
But the problem arises. While we cheer for the "successful landing" of these two projects, another more heartbreaking reality surfaces: what about the 99.9% of digital assets? Where is the truly safe "vault" for those encryption assets that have not been selected by top museums and lack academic endorsement?
Put assets on exchanges? Always at risk of being stolen. Self-custody wallet? If you accidentally forget the mnemonic phrase, it's all over. This dilemma points to a deeper issue - Web3 users lack an asset carrying system that is both decentralized and can ensure value stability.
MoMA provides "permanence" for top-tier NFTs with its century-old heritage and physical vaults, while the stablecoin ecosystem attempts to construct a "value firewall" for broader digital assets using blockchain and encryption economics. Both paths lead to the same destination – addressing the same issue: how to ensure that digital assets truly retain value and are genuinely reliable. MoMA's solution is institutional endorsement, while the stablecoin ecosystem's solution is technical transparency. Which one aligns more with the spirit of Web3? That may depend on what you believe.