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NFT NYC 2022 on how the NFT sector will develop in the upcoming years

According to Cointelegraph, as per a recent market report published by Verified Market Research (VMR), it has been estimated the NFT market could reach a valuation of $230 billion in 2030

NFT NYC 2022 on how the NFT sector will develop in the upcoming years
David Schwartz, chief technology officer, Ripple, spoke on the advantages and disadvantages of NFT projects

Rachel Wolfson, senior reporter, Cointelegraph, got a chance to visit the NFT NYC 2022, to understand about developing non-fungible token projects or NFTs, and how the sector can be at the receiving end of advancements. 

According to Cointelegraph, as per a recent market report published by Verified Market Research (VMR), it has been estimated the NFT market could reach a valuation of $230 billion in 2030. The NFT NYC 2022 showed the ability of the NFT sector, emphasising on some of the use cases and industry experts. Camila Russo, founder, The Defiant, and author, The Infinite Machine, told Cointelegraph that NFT products should be able to bring value to holders, irrespective of being in the form of community building or funding for new projects. 

On the basis of Cointelegraph, the publication visited houses hosted by Ripple and Doodles. David Schwartz, chief technology officer, Ripple, spoke on the advantages and disadvantages of NFT projects, while Julian Holguin, chief executive officer, Doodles, focused on the need of a physical NFT minting experience. Cryptocurrency influencers such as Girl Gone Crypto and Tech Con Catalina also shared their views on the developments of the NFT ecosystem.

Going by Cointelegraph’s website, founded in 2013, it is a digital media resource covering news on blockchain technology, cryptocurrency assets, and emerging financial technology (fintech) trends, with its team aiming to deliver news from both the decentralised and centralised worlds. Their editorial content is based on delivering news, analytics, cryptocurrency price charts, insightful opinion pieces, as well as reports on the transformation that digital currencies bring. The publication believes that the decentralised world will grow, becoming a part of daily lives. They intend to help educate its readers and raise awareness of the intricacies and advantages offered in today’s digital revolution, with the desire to educate, inform and share information with its users.

(With insights from Cointelegraph)

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