There are many gold-pegged cryptocurrencies already, but more are due to come.
IMHO they are just a fad and as mentioned jumping on the bandwagon, there is no utility to them at all. Why trust one of the many operators instead of say the Royal Mint's vault storage, they offer bullion at or near spot and store for you right? this is no different.
@SovereignSaurus Again I don't feel like it would be any different, you are still trusting a third party not to operate a fractional reserve, would you really trust a company over a government, aren't they just the same? 😄
Blockchain itself is and will change the world, the utility potential is mind blowing that many cannot even comprehend. All of these meme coins and games etc are just a part of the process, they will not survive of course but they don't need to, they are testing vehicles in a way.