Raoul Pal, a former Goldman Sachs exec and crypto enthusiast, believes that NFTs are far from dead and are poised for a major resurgence. He thinks the technology behind NFTs is “profound” and sees a huge comeback for the entire crypto sector.
NFTs Beyond Art
Pal says that while art was the first big use case for NFTs, they’re going to be used in a lot of other ways. He sees potential in areas like:
- Over-the-counter derivatives: Think of them as private loans that are secured by NFTs.
- Private loans: NFTs can be used to make private loans more secure and transparent.
- Tickets: NFTs could be used to create unique and verifiable tickets for events.
AI and Crypto: A Powerful Partnership
Pal sees a huge future for the combination of artificial intelligence (AI) and crypto. He believes that AI agents will use tokens to incentivize each other and humans, and even use tokens to pay for computing costs and profits.
Crypto’s Meteoric Rise
Pal predicts that the crypto market cap will skyrocket to $100 trillion in the next decade, a 3,900% increase from its current size. He believes that blockchain technology is the key driver of this growth and that the powerful incentives of tokens will keep the crypto market expanding.
He sees this as a once-in-a-lifetime opportunity, warning investors that they only have about six years to capitalize on it before everything changes.
