Avichal Garg, CEO and co-founder of Electric Capital, defines himself as “an NFT maximalist”, who believes that non-fungible tokens (NFTs) will play an essential role in bringing cryptocurrencies to the masses. Unlike other crypto niches, NFTs are relatable to aspects of everyday life such as art, music, and gaming.
“I could imagine that NFTs are actually many billions of people because, ultimately, it is culture. And it is something that everyone can participate in and everyone can understand,” Garg said in an exclusive interview with Cointelegraph.
In particular, Garg is bullish on the use of NFTs in the gaming industry, which he sees growing at an exponential rate.
“I think in 18-24 months we are going to see a flood of (NFT-based) games,” he says.
Garg thinks the bear market could last as long as the macro picture is dominated by high inflation, meaning it could be another year or two before we see the next bull cycle.. However, when you look beyond the current macroeconomic landscape, to a 10-year time horizon, you feel extremely bullish on the cryptocurrency sector.
“Interest rates and inflation dominate in the short term when talking about a time horizon of 2-3 years. But innovation is what dominates in the long term”he pointed.
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