NFTs will bring crypto to billions of users, says venture capitalist
Electric Capital CEO and Co-Founder Avichal Garg shares his views on which projects will blow up in the next round bullish.< /p> Cointelegraph YouTube Subscribe
Avichal Garg, CEO and co-founder of Electric Capital, describes himself as “an NFT maximalist” – who believes that non-fungible tokens (NFTs) will play a vital role in bringing crypto to the masses. Unlike other crypto niches, NFTs relate to aspects of everyday life such as art, music, and games.
“I could imagine that NFTs actually represent several billion people, because it is ultimately the culture. And it is something that everyone can participate in and everyone can understand”, said Garg in an exclusive interview with Cointelegraph.
[embedded content]In particular, Garg is optimistic about the use of NFTs in the gaming industry, which he sees growing at an exponential rate.
"In 18 to 24 months, I think we're going to see this onslaught of (NFT-based) games," he said.
Garg thinks the bear market could last as long as the macro picture is dominated by high inflation, which means it will be another year or two before we see the next bull cycle. Yet when he looks beyond the current macro picture, looking ahead to 10 years, he feels overwhelmingly bullish on the crypto industry.
“Interest rates and inflation dominate in the short term when we talk about a horizon of 2-3 years. But innovation is the one that dominates in the long term,” he pointed out.
Watch the full interview on our YouTube channel and don't forget to subscribe!
Electric Capital CEO and Co-Founder Avichal Garg shares his views on which projects will blow up in the next round bullish.< /p> Cointelegraph YouTube Subscribe
Avichal Garg, CEO and co-founder of Electric Capital, describes himself as “an NFT maximalist” – who believes that non-fungible tokens (NFTs) will play a vital role in bringing crypto to the masses. Unlike other crypto niches, NFTs relate to aspects of everyday life such as art, music, and games.
“I could imagine that NFTs actually represent several billion people, because it is ultimately the culture. And it is something that everyone can participate in and everyone can understand”, said Garg in an exclusive interview with Cointelegraph.
[embedded content]In particular, Garg is optimistic about the use of NFTs in the gaming industry, which he sees growing at an exponential rate.
"In 18 to 24 months, I think we're going to see this onslaught of (NFT-based) games," he said.
Garg thinks the bear market could last as long as the macro picture is dominated by high inflation, which means it will be another year or two before we see the next bull cycle. Yet when he looks beyond the current macro picture, looking ahead to 10 years, he feels overwhelmingly bullish on the crypto industry.
“Interest rates and inflation dominate in the short term when we talk about a horizon of 2-3 years. But innovation is the one that dominates in the long term,” he pointed out.
Watch the full interview on our YouTube channel and don't forget to subscribe!
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