L’Atelier BNP Paribas CEO John Egan has said that ether (ETH) is likely a “significantly safer” investment than non-fungible tokens (NFTs) at this point.
That is because Ethereum provides an infrastructure to NFTs, according to Egan.
“Ethereum is clearly the big winner when it comes to NFTs,” Egan told BNN Bloomberg in an interview on Thursday. “So starting with Ethereum and adjacent infrastructure to Ethereum is probably a significantly safer investment at this point.”
Buying NFTs, on the other hand, at this stage is akin to gambling in a casino, according to Egan. “You know you’re going to spend money, but maybe you’re doing it for the enjoyment, for the experience. If you win, you’ve got lucky,” he said.
BNP subsidiary L’Atelier identifies trends in digital and virtual domains through research and analysis. Egan said NFTs are “very much an emerging asset” and are risky at this point.
However, in the next ten years, Egan expects NFTs to be the “bedrock economic infrastructure wi
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