Deutsche Bank, one of the largest banks in the world, thinks that NFTs can become mainstream with Instagram adding NFT support to the platform.
Deutsche Bank, March 27 In a research report published on Offering NFTs to Instagram’s large audience with the onset that the overall NFT market may strengthen told.
Meta CEO Mark Zuckerberg, March At the beginning of the month the company working to bring NFTs to Instagram in the near future had said.
Bank, your Instagram NFT purchasing and selling process by simplifying will reduce barriers to entry to the market stated. Also, the platform strong global brand recognition NFTs to legitimize would help, and that this would be widely appreciated by the masses. Doubts during the purchasing process He said he could remove it.
Banka startup to be launched by Instagram NFT marketplace In his report, which he stated that it would attract great attention, typical NFT marketplace fees, user penetration, and average transaction values The rollout of a large NFT market on Instagram, based on assumptions about 8 billion dollars He estimated that he could generate as much net income as possible.
The report notes that other internet companies are also taking steps to adopt digital assets, and eBay (EBAY), Twitter (TWTR) and of Snapchat (SNAP) to some extent, NFTs were included.
Moreover in 2020 seen approx. $95 million compared to the total volume last year, approximately 250 times experiencing an increase $25 billion reaching the trading volume NFT marketIt is stated that it is currently in “hypergrowth”.
Deutsche Bank said the market opportunity for NFTs is huge. art, collection and gambling managed by categories such as total available market (FULL) 1 trillion dollars Guess it’s on.