NFTs will be ‘as disruptive’ as Bitcoin was 10 years ago — Kraken exec

United States News News

NFTs will be ‘as disruptive’ as Bitcoin was 10 years ago — Kraken exec
United States Latest News,United States Headlines
  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

NFT trading volumes may have fallen 98% since January, but industry execs remain bullish about the tech as more innovative and disruptive use cases emerge.

since January, but several industry executives tell Cointelegraph it's nothing to fear as the technology continues to develop and mature.

He told Cointelegraph that the company remains “bullish on the NFT space” and believes it will be “just as disruptive and innovative as Bitcoin was 10 years ago," and said he was particularly intrigued by JPMorgan signing “a lease using the technology” as well as hearing the news that “the Vatican has opened an NFT gallery.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Cointelegraph /  🏆 562. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Damien Hirst livestreams the burning of $10M in art for NFT projectDamien Hirst livestreams the burning of $10M in art for NFT projectBritish artist Damien Hirst has already burned hundreds of oil paintings at his gallery in London as part of 'The Currency' project, in which collectors were forced to choose between physical art and digital art as NFTs.
Read more »

Damien Hirst live streams the burning of $10M in art for NFT projectDamien Hirst live streams the burning of $10M in art for NFT projectDamien Hirst burns off his own physical artwork and broadcasts the event online. The event is part of the artist's NFT project 'The Currency'.
Read more »

CNN In Hot Water With Investors After Canceling Its Weird NFT ProjectCNN In Hot Water With Investors After Canceling Its Weird NFT ProjectCNN was one of the earliest NFT adopters — and now, is among the many who have dropped their crypto projects as the market continues its months-long slump.
Read more »

UK artist burns thousands of paintings and gives buyers NFT replacementsUK artist burns thousands of paintings and gives buyers NFT replacementsA U.K. artist burned 1,000 pieces of artwork on Tuesday, giving the buyers nonfungible token replicas.
Read more »

Mutant Ape NFT trading volume spikes over 300% following news of SEC probe into Yuga LabsMutant Ape NFT trading volume spikes over 300% following news of SEC probe into Yuga LabsA similar trend was seen for BAYC, which witnessed an 86% daily jump in trading volume at $1.8 million, data showed.
Read more »



Render Time: 2025-02-22 02:46:25