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VC investor: NFTs will make cryptocurrency accessible to billions of consumers

Gus – Cryptocurrency Expert

According to VC investor Avichal Garg, the CEO and co-founder of Electric Capital, who describes himself as "an NFT maximalist," nonfungible tokens (NFTs) will be crucial in popularizing cryptocurrency and bringing it to billions of people. NFTs are related to facets of daily life including art, music, and gaming, unlike other crypto niches.

"Since culture is ultimately what NFTs are, I could conceive that they are actually many billions of humans. And that's something that everyone can comprehend and take part in”, according to Garg, who spoke to Cointelegraph.

Garg is especially upbeat about the use of NFTs in the gaming industry, which he anticipates will grow exponentially. In 18 to 24 months, he projected, "we're basically going to witness this deluge of (NFT-based) games.".

As long as high inflation rules the macroeconomic environment, the bear market may continue, according to Garg, which means it might be another year or two before the next bull cycle starts. However, when he looks out over a 10-year time horizon and beyond the current financial circumstances, he feels fairly enthused about the cryptocurrency sector.

“When considering a time horizon of two to three years, interest rates and inflation predominate. However, innovation is the one that prevails over time:”, he noted.

If you would like to get ahead into NFT market, firstly you would need to buy cryptocurrency to get a Non Fungible Tokens. You can do that at one of the most trusted cryptocurrency brokers – BC Bitcoin. You can buy crypto with credit card as well as bank transfers.

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