CEO Terra Virtua: "Be careful with NFTs"

Terra Virtua General Director Gary Brecy (Gary Bracey) considers, that despite the rapid development of the industry of non -changing tokens (NFT), Caution should be taken to her.

NFT tokens act as collection elements and differ from ordinary cryptocurrencies with their rarity. Thanks to uniqueness, NFT have value like real art subjects. In recent months, the NFT market, on which art items are sold, Games and other collectible things, demonstrates significant growth.

According to Nonfungable, sales volumes on two leading trading floors Cryptokitties and Decentraled, Using collectible tokens, Already achieved $38 million and $37 million, respectively. but, Despite such a sharp increase, Breishi thinks, that you should not lay big hopes on this sphere. According to him, Art is very subjective: “Some can be admirers of Michelangelo, and others - to love Mickey Mouse ".

NFT development is observed not only on large sites. So, The leadership of the platform for trading digital works of artrarare reported, that in October it was possible to sell objects in the amount of about $4 million. According to Dune Analytics, NFT industry has achieved special success in September 2020 of the year, when the total monthly volume of sales of NFT tokens exceeded $6.2 million. However, in October, this indicator rolled sharply to $3.9 million.

“The NFT industry grows like a soap bubble, It contains great activity. Nonetheless, NFT tokens are interested in a relatively small audience. The race has not yet begun, The community only warms up ", - said Brecy.

He added, that despite the promising prospects of some platforms, For the sustainable development of the NFT industry, mass implementation of collection tokens is necessary. To do this, you need to inform people about the advantages of blockchain and NFT, and also create content and "works of art", with value.

Recall, that in November last year, the cryptocurrency exchange Gemini bought the Nifty Gateway platform, on which users can purchase non -replacement tokens. Vinclvoss brothers are convinced, that NFT tokens are "unique assets on the blockchain".