Main navigation

Mike Novogratz Predicts Great Future to NFTs

News
Sat, 07/24/2021 - 09:41
article image
Yuri Molchan
Mike Novogratz expects the non-fungible tokens sphere to prosper in the future as every industry will be using them to profit
Mike Novogratz Predicts Great Future to NFTs
Cover image via www.youtube.com
Read U.TODAY on
Google News

Renowned investor, crypto proponent, CEO of the Galaxy Digital fund Mike Novogratz believes that a great future awaits non-fungible tokens (NFTs) as he expects them to penetrate every industry in the future.

In a recent episode of Next with Novo, Novogratz shared a recent talk Devang Thakkar from the Christie’s Art + Tech Summit, where the prominent supporter of Bitcoin, Ethereum and altcoins shared his take on the future of the NFT industry.

Novogratz, an early institutional investor in Bitcoin and the earliest Wall Street investor in Ethereum, expects non-fungible tokens to prosper as every industry is going to start using this technology to create community, to grow it and to earn profits.

As an example, Novo mentioned healthcare records that are going to be NFTs soon. Fashion brands, music industry, creative industry, etc, will start utilizing this novel tech.

“Your healthcare records will be NFTs, every brand, every fashion brand, everyone who owns an IP, the music industry, the creative industry, is going to figure out ways to use this technology to build community, to grow community and to profit.”

Related
Bitcoin Exchange Supply Hits 18-Month Low, Decreasing Sell-Off Risk: Santiment

However, NFTs are at a very early stage at the moment, he believes.

“We’re preschool. We’re at the dawn of this new age. It’s an awesome age.”

article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.