The general public has become acquainted with NFTs primarily as pieces of digital art. But the technology has applications far beyond collectible JPGs. It has continued to evolve amidst losses both in the crypto market and conventional financial markets, and experts expect to see NFTs become more and more ubiquitous. A group of NFT aficionados sat down with Roundtable to talk about the present and future of NFTs. In this segment, the panel discusses the current role of capital in the NFT market.
From an investment perspective, Marc LoPresti explains, NFTs are just getting started.
“If you look at the amount of venture money that's been lined up and has already been invested in the space, in terms of exchanges, protocols that are gonna help bring NFTs to the next level, there is no slowing down,” he says. “I want to dispel any rumor: NFTs are not dead.”
Crystal Rose Pierce agrees that the NFT market is “as alive as ever.”
“It’s a differentiated asset class. We've created something very new,” she says. “We're going to see not only projects, but also tools and software and maybe even hardware in the coming years.”
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Watch the full discussion below:
Crystal Rose Pierce, Founder, Lighthouse NFT Smart Gallery
Marc X. LoPresti, Co-Founder, IDI Group
Matthew Fellows, NFT Artist, The Zombie Collective