The founder of the Solana (SOL) network, Anatoly Yakovenko, recently interview with Decrypt know that he has a bright future for the world of non-fungible tokens (NFT) expected. According to him, this sector will produce new large entertainment companies in the order of magnitude such as Disney and Marvel.
NFT hype isn’t over yet
According to Yakovenko, NFTs are by far the most important use case within Web3. According to him, it can, as it were, act as the backbone of everything related to web3 has to do with being seen. For that reason, it’s not surprising to believe that the NFT sector will shoot giant entertainment companies out of the ground, according to the Solana founder.
“The possibilities are endless, and I think this is the best place to zero in on a brand, or a new story, or new lore for anything – games, movies, IP, franchises, whatever you want. . It’s still early, but really exciting.”
He expects such new companies, which rely heavily on NFT technology, to grow as big as today’s giants like Disney and Marvel. These are, of course, multi-billion dollar companies today.
Popular NFT projects such as the Bored Ape Yacht Club, CryptoPunks, and Axie Infinity have each generated billions of dollars in NFT trading volume to date. And some of the most sought-after collectibles in the first two of these collections have sold for millions of dollars each.
According to Yakovenko, this kind of collections of collectibles will not stop there. NFTs can be used for much more than this. Especially in the entertainment industry, the use of NFTs may just become the most natural thing in the world.
Should there be a large-scale adoption of NFT technology within the entertainment industry, the Solana network will be in the front row. This network is up Ethereum (ETH) after being home to most NFT projects based on trading volume.
