NFTs will carry crypto to billions of customers, explains VC investor
Avichal Garg, the CEO and co-founder of Electrical Capital, defines himself as “an NFT maximalist” – who believes that nonfungible tokens (NFTs) will play an important function in bringing crypto to the plenty. In contrast to different crypto niches, NFTs are relatable to points of on a regular basis life reminiscent of artwork, music and video games.
“I could imagine that NFTs are actually many billions of people because it’s ultimately culture. And that’s something that everybody can participate in and everybody can understand,” mentioned Garg in an unique interview with Cointelegraph.
Specifically, Garg is bullish about NFTs getting used within the gaming business, which he sees rising at an exponential tempo.
“In 18-24 months from now, I think we’re just going to see this onslaught of (NFT-based) games”, he mentioned.
Garg believes the bear market might final so long as the macro image is dominated by excessive inflation, which suggests it might take one other 12 months or two earlier than we’ll see the following bull cycle. Nonetheless, when he appears to be like past the present macroeconomic image, at a 10-year time horizon, he feels extraordinarily bullish on the crypto business.
“Interest rates and inflation dominate in the short term when you’re talking about a 2-3 year time horizon. But innovation is the one that dominates in the long term.”, he identified.
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