Screenshot 2021 11 09 at 20.02.59 gID 4 MhZnnT

NFTs Capture ‘Deep, Social Component’ of Crypto: Solana’s Anatoly Yakovenko

The NFT market is booming, and according to Anatoly Yakovenko, co-founder of Solana, it’s now become “obvious in retrospect” that NFTs have become the cultural icons that unite the crypto industry. 
But even if it’s now “obvious” in hindsight, that certainly wasn’t the case a few years ago.
An NFT is a unique type of token that acts like a receipt to a digital item, as verified by a blockchain. During the first half of 2021, NFT sales hit $2.5 billion. After a brief lull in momentum, NFTs started dominating headlines once again when household names like Budweiser and Visa jumped on the bandwagon. 
The buzz around NFTs led many to ask a simple question—what’s the point? Should we look at NFTs as financial assets, as art, or as a symbol of crypto culture? For Yakovenko, who helped build the upstart Solana network with the aim of competing with Ethereum, the answer is now clear.

“I didn’t expect it was going to be NFTs, but I kind of felt there’s a very deep, so

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