In the future, non-fungible tokens (NFTs) will surpass the market capitalization of the flagship cryptocurrency Bitcoin by 100%, according to Gate.io CMO Mari Tachibue. According to the expert, this is because, in recent months, there has been a steady increase in the level of public awareness of this industry, and the metaverse is being popularized. Many large corporations have begun preparations for the transition and integration of this technology.
This was said in a conversation with the host of Kitco News at the Paris Blockchain Summit. A Gate.io representative stressed that she entirely agrees with Shark Tank’s Kevin O’Leary, who predicted that NFTs would be better than Bitcoin in terms of market capitalization. According to Mari Tatibue, there are many prerequisites for this. In the future, all works of art will have NFTs or fractional NFTs, she said.
Tachibue assured that there is now a significant increase in interest in the tokenization of collectibles. Many new participants enter the crypto market not for Bitcoin trading but through the NFT industry. She noted that the number of new investors in the flagship cryptocurrency or Ethereum is significantly inferior to the number of those interested in acquiring digital art.
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The expert separately emphasized that the identity verification procedure (KYC) now does not stop users who want to purchase NFT tokens.
Earlier, the Crypto.ru editors reported that the Gate.io press service spoke about the support of 6 currencies. This was done as part of a service scaling campaign. Representatives of the exchange emphasized that thanks to the partnership with the Legend Trading payment platform, they could integrate trading pairs with EUR, GBP, CHF, AUD, CAD, and JPY.
