NFTs will bring crypto to billions of users, explains VC investor

The CEO and co-founder of Electric Capital, Avichal Garg, shares his views on the projects that will explode in the next bull cycle.

Avichal Garg, the CEO and co-founder of Electric Capital, defines himself as “an NFT maximalist” – who believes that nonfungible tokens (NFTs) will play an essential role in bringing crypto to the masses. Unlike other crypto niches, NFTs are relatable to aspects of everyday life such as art, music and games. 

“I could imagine that NFTs are actually many billions of people because it’s ultimately culture. And that’s something that everybody can participate in and everybody can understand,” said Garg in an exclusive interview with Cointelegraph. 

In particular, Garg is bullish about NFTs being used in the gaming industry, which he sees growing at an exponential pace.

“In 18-24 months from now, I think we’re just going to see this onslaught of (NFT-based) games”, he said. 

Garg believes the bear market could last as long as the macro picture is dominated by high inflation, which means it could take another year or two before we’ll see the next bull cycle. Still, when he looks beyond the current macroeconomic picture, at a 10-year time horizon, he feels extremely bullish on the crypto industry. 

“Interest rates and inflation dominate in the short term when you’re talking about a 2-3 year time horizon. But innovation is the one that dominates in the long term.”, he pointed out. 

Watch the full interview on our YouTube channel and don’t forget to subscribe!

Related Posts

South Carolina treasurer goes on Bitcoin ‘fact-finding trip’ to El Salvador

The state official reportedly used his own funds to pay for the trip, which included discussing Bitcoin with government officials and exploring financial literacy programs. Curtis Loftis,…

Kardashian’s EthereumMax Lawsuit Turns Against SEC Chair

Earlier this week, the U.S. Securities and Exchange Commission (SEC) charged and settle a lawsuit with socialite and billionaire Kim Kardashian for allegedly withholding information about promoting…

US Job Openings Plummet- What Does It Mean for Bitcoin?

The number of new job openings in the US markets decreased by 6.2%. What is in store for the U.S. markets and Bitcoin? It is the 2nd…

Bitcoin Price at Generational Bottom With Institutions Buying en Masse

Crypto analyst Cred opines that bitcoin may have hit a generational bottom, presenting a good buying opportunity for long-term holders. On Oct. 5, 2022, Fidelity Investments purchased…

3 Easy Ways to 10x Your Bitcoin and Ether in October

Whether crypto is now on the path towards recovery or faces a wintery “Septembear”, you can still make a profit from your digital currency relatively easily. Here…

Big Eyes Coin and Axie Infinity – Which NFT-Based Cryptocurrency Has Greater Potential In The Market?

A brand-new NFT-based cryptocurrency called Big Eyes coin (BIG) will be released into the market, and if its pre-sale is any indication, it’s going to rock the…

Generated by Feedzy