In recent weeks and months, some celebrities and companies have been preparing for their transition to these emerging financial technologies and altcoin platforms. With this situation, there has been a steady increase in public awareness of NFTs and the metaverse.
This altcoin market is booming instead of traditional coins like Bitcoin
Speaking with Kitco News host David Lin at the Paris Blockchain Summit, Marie Tatibouet, chief marketing officer (CMO) of Gate.io, NFT Discussed the future of s and the growth of the cryptocurrency industry in general. Specifically, Tatibouet highlighted the rise of NFTs over more traditional cryptos like Bitcoin. The famous executive has the following statements about this altcoin market:
Most new users to crypto are getting involved with NFTs for the first time, not with Bitcoin or Ethereum, and what we are seeing now is that KYC is no longer really a hindrance. .
Gate.io CMO also made some comments about Kevin O’Leary, the lead investor in Shark Tank, who says he believes NFTs will be bigger than Bitcoin in terms of market cap. . Gate.io CMO, which we follow closely as Kriptokoin.com, agrees:
Absolutely. I think 100 percent because the NFT market can be very different things and for example I think all artworks will have NFTs or fragmented NFTs and will be associated with each piece of art 10 years from now and not for a short time. But now I’m almost sure.
Will the hype around NFTs continue?
The duo also talks about the hype surrounding NFTs that similar altcoin projects in this space have been overhyped to the point where they are disproportionate to valuations. During the interview it was also claimed that this situation in NFTs could lead to a correction in value and potentially even a decrease in sentiment and popularity in the near future. Tatibouet adds:
Right now NFTs are mostly collectibles, but we are moving towards having more use cases, and as these use cases become more tangible, I would say we will see a new burst of NFTs.
Finally, the CMO believes the metaverse is really exciting. He even states that he has brought in new creators into the field, who can earn money from their craft without a formal education in the arts but can be compensated for building on the site.
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