Avishal Garg, CEO and co-founder of Electric Capital, defines himself as an “NFT extremist” – who believes that non-fungible tokens (NFTs) will play a key role in bringing cryptocurrency to the masses. Unlike other encryption ports, NFT is related to aspects of everyday life such as art, music and games.
“I can imagine that NFTs are actually many billions of people because it is ultimately a culture,” Garg said in an exclusive interview with Cointelegraph, and this is something that everyone can participate in and that everyone can understand.
In particular, Garg is optimistic about the use of NFTs in the gaming industry, which he sees is growing at an accelerating pace.
“In 18-24 months from now, I think we will only see the onslaught of (NFT-based) gaming,” he said.
Garg believes that the bear market can continue as long as the overall picture is dominated by high inflation, which means that it may take another year or two before we see the next bullish cycle. However, when he looks beyond the current macroeconomic picture, on a 10-year time horizon, he feels very optimistic about the cryptocurrency industry.
He noted that “interest rates and inflation dominate in the short term when you talk about a time horizon of two to three years. But it is innovation that dominates in the long run.”