Seems like it. My dad asked my opinion recently on a potential investment in Figure Technologies, which is running this “Provenance blockchain“ with all sorts of purported enterprise applications and a boatload of investment money behind it
IMO, so many of these things are going to generate returns for their investors during the bull market, before something (maybe a bear market) highlights the fact that their native tokens are competing with bitcoin for cash balances, with predictable results.. rinse and repeat