Twitch Founder Justin Kan and Apple Pay builder Jake Frey gave their nod of approval to NFTs. The two movers and shakers in the tech scene tweeted identical statements proclaiming that the NFT industry is “way bigger than their past projects with billions of users.”
Both tweets have gone viral with over 30,000 combined likes! The NFT community is thrilled that industry veterans are voicing their support to NFTs. In addition, both Kan and Frey are working on their own NFT projects.
Builders of Twitch and Apple Pay are Bullish on NFTs
Justin Kan is a prolific internet entrepreneur and investor with years of experience as an executive. He founded streaming platform Twitch and sold it to Amazon CEO Jeff Bezos in August 2014 for $970 Million! Fast forward to 2021, he now invests in early-stage companies through Goat Capital. He is also entering the NFT gaming scene as part of the founding team of the newly launched Fractal NFT Marketplace.
Meanwhile, Jake Frey is equally immersed in the NFT space through his two ventures: Americana and Probably Nothing. Americana platform is in the business of “onboarding the physical world to the digital.” The company will soon unveil its NFT Chips and Cards technology to facilitate this. Meanwhile, Probably Nothing features 100 Genesis NFTs that grant access to the Americana Platform. The Collection hit an ATH of 2.25 ETH floor price today.
So why are they bullish on NFTs?
First, the NFT industry opened 2022 with some impressive numbers. The Block Data Dashboard reported that NFT trading volume reached $6.13 billion last January alone. Therefore, the NFT volume grew 129% in January 2022 compared to December 2021. In addition, the market landscape is becoming more competitive. New NFT Marketplaces are challenging the OpenSea. LooksRare had an impressive launch and is positioning itself as a direct competitor. Coinbase is also launching its own NFT Marketplace and has secured the support of MASTERCARD to improve ease of use.
All in all, the future looks bright for the NFT industry!
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