September 26, 2022

Avichal Garg: “NFT will open the world of cryptocurrencies to billions of people”

Article reading time:
1 min.

Avichal Garg: “NFT will open the world of cryptocurrencies to billions of people”

The CEO and co-founder of Electric Capital, a self-described “collectible token enthusiast,” believes NFTs will bring billions of people into the crypto industry.

According to Avichal Garg, NFT, inUnlike any other tokens and cryptocurrencies, they can be used in any activity. For example, in art, music or games. The businessman is especially positive about the use of collection tokens in game projects.

“I can imagine that NFTs will attract manybillions of people, because they have become the quintessence of culture. It is something that every person can participate in and understand. I think that in a year and a half or two years we will see a huge number of computer games using NFT,” said Avichal Garg.

The CEO of Electric Capital sharedhis opinion about the near future of the cryptocurrency industry. He believes that cryptocurrency rates will continue to fall, at least until the economies of the largest countries in the world can cope with inflation. Garg said that the next “bullish cycle” in the cryptocurrency market will have to wait another year, maybe two. However, in the long term, the businessman is extremely positive about digital assets.

Earlier it became known about long-term plans for the use of NFT by major Japanese gaming companies Bandai Namco, SEGA and Square Enix.