Fortnite Founder Sees Potential In The NFT Market

According to Fortnite founder Tim SWEENEY, non-fungible tokens (NFT) and the metaverse market have potential, but are still too speculative to participate in them. The author of «Into the Void: Where Cryptocurrency Meets the Metaverse», Piers KICKS, a Delphi Digital partner, notes that new digital currencies based on blockchain and in-game economies have tremendous opportunities.

Sweeney praised the essay and acknowledged that blockchain technology and NFT have enormous potential. However, he expressed his point of view, that the NFT and cryptocurrency markets are going in different directions, as NFT market has more speculation than any real value.

A few days ago, Mark CUBAN released his first series of 10 NFTs. All of them were sold out in a matter of hours. In a TV interview, Cuban said NFTs were overpriced due to lower interest rates. Probably Mark Cuban's interest in the NFT market is still only exploratory.

Image: MCVUK