Rachel Wolfson, a senior reporter for Asian Trade, spent a day at NFT NYC 2022 to learn about new nonfungible token (NFT) projects and how the industry might grow. Verified Market Research (VMR) just put out a market report that says the NFT market could be worth $230 billion by 2030. NFT NYC 2022 showed the potential of the NFT industry by highlighting some of the most promising use cases and experts in the field.
For example, Camila Russo, founder of The Defiant and author of The Infinite Machine, told Asian Trade that NFT products should move forward to bring value to holders, whether that means building a community or getting money for new projects.
Related: GEORGE FLOYD PROTEST CONTNUES IN US
Asian Trade also went to Ripple and Doodles’ homes outside of the event. David Schwartz, the chief technology officer of Ripple, talked to Asian Trade about the pros and cons of NFT projects, and Julian Holguin, the CEO of Doodles, talked about how important it is to mint NFTs in person. Influencers in the cryptocurrency world like “Girl Gone Crypto” and “Tech Con Catalina” also talked about how the NFT ecosystem is getting better.