The CEO of crypto exchange Kraken says that it’s working on creating a new non-fungible token (NFT) platform as it monitors the blossoming metaverse sector.
In a new interview with Bloomberg Technology, Kraken chief Jesse Powell says that the rising popularity of NFTs and virtual worlds this year is something the exchange has noticed and plans to get ahead of.
“We’re working on an NFT platform right now to give investors exposure to the burgeoning NFT market.”
According to Powell, the metaverse is only going to get larger as NFTs become badges denoting memberships to specific virtual clubs.
“We’ve seen a tremendous amount of activity recently around NFTs that are related to various metaverses, basically virtual worlds, so anything regarding land in a virtual world, or items that exist in a virtual world, digital clothing you can take across virtual worlds, they often present proof of membership in a virtual club.
We think this is going to get to be a bigger and bigger thing and we want to be in front of that for people.”
Looking at Bitcoin, Powell says it’s possible that the king crypto dips below $40,000 again, and if it does, it would just be another buying opportunity for BTC bulls.
“A lot of people see anything under $40,000 as a buying opportunity. I was personally buying when we dipped back close to $30,000 a few months ago. I think a lot of people have some dry powder waiting on the sidelines waiting to come back in at rock bottom prices.”
o
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Apex Infinity Games
