Mike Novogratz: NFTs Will Outperform Cryptocurrencies in 2022

Galaxy Digital CEO Mike Novogratz thinks NFTs will outperform cryptocurrencies in 2022.

Mike Novogratz tweeted on Feb. in sharing“NFTs will lead Crypto and Web3 in 2022.” said.

In a previous statement, Mike Novogratz said that if US stocks continue to decline, this will reflect on the crypto money market. He also stated in his speech that stocks will continue to decline until they find significant support.

Novogratz said a few months ago that profits should be taken, considering that the NFT sector has swelled too much. However, even though the cryptocurrency market has fallen since then, it seems that the NFT industry continues to evolve.

Offshore

The daily trading volume of NFT marketplace OpenSea, according to data from Norwegian crypto analytics company Dune Analytics 247 on 1 February reached millions of dollars.

According to the news previously made by Koin Bulletin, NFT marketplaces reached a total transaction volume of 7 billion dollars in January, and OpenSea, It was reportedly outperforming Uniswap in transaction fees.

Opensea Outperforms Uniswap in Transaction Fees

Related article: Opensea Outperforms Uniswap in Transaction Fees


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