Mike Novogratz, the CEO of the crypto asset management firm Galaxy Digital is bullish on NFT markets and believe despite the hype around the market, iconic thing such as the American National Anthem would eventually be converted into an NFT. Novogratz’s comments came during his recent appearance on CNBC’s Squawk Box.
“We are not even in the first inning,” says @novogratz on the potential for the NFT market. “The market has been hyped up but iconic things are going to continue to hold value.” pic.twitter.com/LouFhkWyDv
— Squawk Box (@SquawkCNBC) June 1, 2021
Novogratz co-founded Candy Digital, an NFT market-focused company that has joined hands with Major League Baseball to launch its first digital collective in the form of New York Yankees’ Lou Gehrig’s iconic speech. The proceeds from the auction of the speech would go towards charity. The CEO said, “we are not even in the first innings” of the NFT mania and more iconic things would continue to garner people’s intere
