Non-fungible tokens have become very popular in the cryptocurrency space and beyond.
Brad Garlinghouse, CEO of blockchain company Ripple, believes that the non-fungible token (NFT) market is still underappreciated.
Garlinghouse mentioned this during a recent interview with TSWT. NFTs have become very popular in the crypto space and beyond, thanks to their unique attributes.
He talked about the cryptocurrency market in general, stating that cryptocurrencies have seen their profile rise in recent years. said Garlinghouse;
“As leaders around the world learn how these technologies can really benefit their constituents, benefit their economies, they are going to use them. […] I think we see this happening every day.
The CEO of Ripple then spoke about NFTs and their growing importance in the digital world. He said;
“NFTs are underhyped, despite the fact that there is obviously a lot of hype in parts of the NFT market. The tokenization of various assets is underrated.
There are currently thousands of blockchains around the world, and Garlinghouse said this is good for the market. He said;
“I don’t think we live in a one-string world. It’s a multi-chain world, there will be a lot of different utility use cases. »
He added that Ripple will continue to focus on businesses, while other cryptocurrency foundations are also investigating consumer use cases.
Ripple has been involved in a legal battle with the United States Securities and Exchange Commission (SEC) for the past year and a half.
The SEC has accused Ripple and its executives of issuing and selling XRP tokens as unregistered securities. The case has been going on for over 18 months and Ripple said he hopes to emerge victorious.
Garlinghouse previously revealed that Ripple could go public once the sage with the US SEC is complete. Its XRP token is currently the seventh largest cryptocurrency by market cap.