The Big Picture of NFTs is Still to Emerge: Nischal Shetty

WazirX CEO and founder Nischal Shetty believes that the crypto sector in India and throughout the world had a spectacular year in 2021. The pandemic thrust the crypto industry into the spotlight, with a worldwide market now seeing blockchain technology’s potential and possibilities beyond their original mistrust. Almost every day, new projects would emerge, each answering a different real-world use case using cryptography, NFTs, DeFi, and other technologies. With millions battling for their favorite cryptos, India was at the forefront of the crypto frenzy. Given the present focus, which appears to be starstruck at the multibillion-dollar potential knocking on the door, India might arguably lead the globe in deriving utilities from the decentralized disruption by 2022, assuming the government takes a progressive regulatory approach. “The big picture of NFTs is still to emerge. With pseudonymous online identity emerging, NFTs help create your online persona. There will be an entire industry that thrives on helping provide identity through NFTs. NFT innovation has just begun,” Shetty tweeted recently. https://twitter.com/NischalShetty/status/1480759403938820099 NFT Vogue to Gain Momentum NFTs appear to have landed in every industry with the capacity to be tokenized. According to Forbes, the NFT mania is gathering steam and will arguably peak in 2022, surpassing in-game collectibles, artwork, and sports memorabilia, and growing by...