{"id":500710,"date":"2022-10-14T04:00:26","date_gmt":"2022-10-14T01:00:26","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/nfts-will-be-as-disruptive-as-bitcoin-was-10-years-ago-kraken-exec\/"},"modified":"2022-10-14T04:00:26","modified_gmt":"2022-10-14T01:00:26","slug":"nfts-will-be-as-disruptive-as-bitcoin-was-10-years-ago-kraken-exec","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/nfts-will-be-as-disruptive-as-bitcoin-was-10-years-ago-kraken-exec\/","title":{"rendered":"# NFTs will be \u2018as disruptive\u2019 as Bitcoin was 10 years ago \u2014 Kraken exec"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3b95bd2e288\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3b95bd2e288\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/nfts-will-be-as-disruptive-as-bitcoin-was-10-years-ago-kraken-exec\/#%E2%80%9D_NFTs_will_be_%E2%80%98as_disruptive_as_Bitcoin_was_10_years_ago_%E2%80%94_Kraken_exec_%E2%80%9C\" >&#8221; NFTs will be \u2018as disruptive\u2019 as Bitcoin was 10 years ago \u2014 Kraken exec &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_NFTs_will_be_%E2%80%98as_disruptive_as_Bitcoin_was_10_years_ago_%E2%80%94_Kraken_exec_%E2%80%9C\"><\/span>&#8221; NFTs will be \u2018as disruptive\u2019 as Bitcoin was 10 years ago \u2014 Kraken exec &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTAvOTI1MjJmOGEtODNmOS00MmY5LWI1ZmUtODk1Y2FlOTdjYmMzLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-4b69a2fe>Non-fungible token (NFT) trading volumes may have dropped nearly 98% since January, but several industry executives tell Cointelegraph it&#8217;s nothing to fear as the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> continues to develop and mature.\u00a0<\/p>\n<p>Jonathon Miller, managing director of cryptocurrency exchange Kraken in Australia said \u201cdespite NFT market activity and sales volume having slowed down in September, we are still seeing positive adoption signals at an institutional level and continued growth in use cases.\u201d<\/p>\n<p>He told Cointelegraph that the company remains \u201cbullish on the NFT space\u201d and believes it will be \u201cjust as disruptive and innovative as Bitcoin was 10 years ago,&#8221; and said he was particularly intrigued by JPMorgan signing \u201ca lease using the technology\u201d as well as hearing the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> that \u201cthe Vatican has opened an NFT gallery.\u201d<\/p>\n<p>He however acknowledged that the NFT industry is still \u201cin its infancy\u201d and that the biggest barrier to mass adoption is \u201cnightmare user experiences,\u201d saying that it is \u201cvery hard to say to someone who wants digital art, that you have to install a wallet and you have to onboard with that exchange.<\/p>\n<p>The Kraken executive said it has been a priority for them to make that process smoother.<\/p>\n<p>John Stefanidis, CEO and founder of NFT gaming platform Balthazar DAO told Cointelegraph that the trading downfall is not significant in the grand scheme of NFTs as people need to understand that \u201cNFTs are more than just photos.\u201d <\/p>\n<p>Stefanidis said it\u2019s natural for this decline to h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>en after \u201csomething has experienced extreme growth under one application.\u201d <\/p>\n<p>He believes this has the potential to stabilize the market more, saying that \u201cwhenever there is horizontal growth, people diversify and pull back, and we\u2019re going to see a more gradual growth in NFTs.\u201d<\/p>\n<p><strong><em>Related Reading: <\/em><\/strong><strong><em>Web3 gaming still a long way from mainstream adoption: Survey<\/em><\/strong><\/p>\n<p>Mason Edwards, Chief Commercial Officer of Tezos Foundation, an organization focused on promoting and developing the Tezos blockchain and related technologies, told Cointelegraph that it\u2019s \u201cbeneficial the market has shaken out a bit, people will buy things they care about, rather than speculation,\u201d noting: <\/p>\n<blockquote><p>\u201cWe\u2019re still not at a point of maturity in the NFT market, we\u2019re still going to see people buy a rock for a million dollars.\u201d<\/p><\/blockquote>\n<p><template data-name=\"subscription_form\" data-type=\"nifty_newsletter\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/nfts-will-be-as-disruptive-as-bitcoin-was-10-years-ago-kraken-exec\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; NFTs will be \u2018as disruptive\u2019 as Bitcoin was 10 years ago \u2014 Kraken exec &#8220; Non-fungible token (NFT) trading volumes may have dropped nearly 98% since January, but several industry executives tell Cointelegraph it&#8217;s nothing to fear as the technology continues to develop and mature.\u00a0 Jonathon Miller, managing director of cryptocurrency exchange Kraken in&#8230;<\/p>\n","protected":false},"author":1,"featured_media":500711,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTAvOTI1MjJmOGEtODNmOS00MmY5LWI1ZmUtODk1Y2FlOTdjYmMzLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,74863,97495,75540,74939,95118,75037,75541,74355,10751,86389,73785],"class_list":["post-500710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-cryptocurrencies","tag-integration","tag-kraken","tag-market-analysis","tag-nft","tag-tezos","tag-volatility","tag-adoption","tag-gaming","tag-marketplace","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/500710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=500710"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/500710\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/500711"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=500710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=500710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=500710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}