{"id":48245,"date":"2021-08-25T10:21:21","date_gmt":"2021-08-25T07:21:21","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=48245"},"modified":"2025-09-02T01:18:09","modified_gmt":"2025-09-01T22:18:09","slug":"ftx-chief-expresses-cautious-optimism-on-nft-prospects","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ftx-chief-expresses-cautious-optimism-on-nft-prospects\/","title":{"rendered":"FTX chief expresses cautious optimism on NFT prospects"},"content":{"rendered":"<p>FTX CEO Sam Bankman-Fried, in an interview <a href=\"https:\/\/www.cnbc.com\/video\/2021\/08\/24\/non-fungible-tokens-are-going-completely-mainstream-says-ftx-ceo.html\">CNBC<\/a>, expressed optimism and caution about the prospects for the development of non-fungible tokens (NFTs).<\/p>\n<p>He warned investors about potential market volatility given insufficient awareness in the industry. According to Bankman-Fried, NFT adoption is outpacing other segments of the cryptocurrency market.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;This could lead to incredibly rapid and widespread adoption. Frankly, it could also lead to unpleasant consequences in the event of a crash,&#8221; said the head of FTX.<\/p>\n<\/blockquote>\n<p>Bankman-Fried added that people earned a lot of money selling NFTs, because it was &#8220;one of the ways to get into the game&#8221;.<\/p>\n<p>In the first half of 2021, NFT sales volume reached <a href=\"https:\/\/u1f987.com\/en\/news\/nft-sales-hit-2-5-billion-in-first-half-of-2021\">$2.5 billion<\/a>.<\/p>\n<p>In late July, Galaxy Digital founder Mike Novogratz <a href=\"https:\/\/u1f987.com\/en\/news\/mike-novogratz-predicts-nft-sector-to-grow-over-the-next-decade\">predicted the development of the NFT market<\/a> over the next decade and called the technology &#8220;expensive for the future&#8221;.<\/p>\n<p>Read ForkLog\u2019s Bitcoin news on our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FTX CEO Sam Bankman-Fried, in CNBC interview, expressed optimism and caution about the prospects for non-fungible tokens (NFTs).<\/p>\n","protected":false},"author":1,"featured_media":48246,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1213,1138],"class_list":["post-48245","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-nft","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=48245"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48245\/revisions"}],"predecessor-version":[{"id":48247,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48245\/revisions\/48247"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/48246"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=48245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=48245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=48245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}