Avishal Garg, CEO and co-founder of Electric Capital, describes himself as an “NFT maximalist” – he believes that non-fungible tokens (NFTs) will play a vital role in bringing crypto to the masses. Unlike other crypt niches, NFTs relate to aspects of everyday life such as art, music and games.
“I can imagine that NFTs are actually multi-billion people because it’s ultimately a culture. That is something that everyone can participate in and everyone can understand,” Garg said in an exclusive interview with Cointelegraph.
Especially since Garg sees NFTs being used in the gaming industry growing at a faster rate.
“In 18-24 months, I think we’ll see an onslaught of[NFT-based]games,” he said.
Garg believes the bear market is likely to last as long as the macro picture remains one of high inflation, which means it could be another year or two before we see the next bull cycle. Still, looking beyond the current macroeconomic picture, over a 10-year time horizon, the crypto industry feels extremely bullish.
“Interest rates and inflation dominate in the short term when talking about a 2-3 year horizon. But innovation is the innovation that dominates in the long term,” he pointed out.
Watch the full interview on our YouTube channel and don’t forget to subscribe!