Posted by The market for non-fungible tokens exploded in 2021, but that’s just the start, according to one of Nifty Gateway founders.
Nifty is one of the largest NFT exchange known for selling works from the likes of Beeple and Grimes.
“The long-term picture for NFTs is really, really strong,” Griffin Cock Foster told reporters.
“I would predict that five or 10 years from now, it’s very likely that NFT collecting and trading will be much, much larger than it is today.”
Cock Foster, was Identified as the 29th most influential in the NFT market in 2021 alongside his twin brother.
The two launched Nifty Gateway three years ago and have watched the entire market for NFTs explode to $17.7 billion in sales this year alone.
“We were very surprised by how quickly NFTs grew and how quickly they’ve managed to capture the imagination of the world and of culture,” Griffin said.