Arca Chief Investment Officer: Companies and projects that promote NFT may become big winners

Jeff Dorman, Arca's chief investment officer, said that NFT mania reached a new high this week, with a digital art sold at auction for $69.3 million. But beyond that, when almost all other prices are also soaring, it's hard to say that this is crazy. Dorman believes that NFT mania is full of fears similar to "severe inflation." Besides, Dorman said that the scope of NFT will go beyond current use cases such as collectibles, art, and games, and expand to more traditional use cases such as KYC, asset-backed loans, and partial ownership of specific properties. Dorman believes that from an investment perspective, companies and projects that promote NFT growth and transactions may become big winners.