Executive points out that The Sandbox and Decentraland can be like Orkut and pave the way for revolution

QR Asset’s investment director, Alexandre Ludolf, spoke to the public about NFTs and stated that the technology can be better applied and have high growth potential in the coming years.

The Sandbox and Decentraland can be like Orkut

According to him, the recent move by Microsoft, which acquired gaming giant Activision, is more important to the NFTs market than specific tokens or play-to-earn games.

Furthermore, Ludolf highlighted that metaverses such as The Sandbox and Decentraland could be what Orkut was to social networks: a precursor that paved the way for technology.

“With the example of an Orkut of life, which came to later appear other platforms, I don’t know if The Sandbox and Decentraland will be the dominant metaverse tokens in the future. At the same time, we see Microsoft buying Activision. This movement, yes, is important and more significant for the NFTs scenario than one or another cryptocurrency. Games are the new social platforms,” he said.

For investors who want to follow the market, the economist does not discourage the purchase of pioneer tokens.

As Ludolf explained, cryptocurrencies are still the most direct way to participate and invest in this market.

“When I buy a metaverse token, it’s a direct investment right there in the technology I believe in. When I buy Microsoft stock with the intention of participating, in some way, in the movement that will follow the purchase of Activision, that represents a small portion of Microsoft’s revenue. Crypto is still the easiest way to participate in the pure play of this market for now,” he said.

NFT

Ludolf further pointed out that the current overpricing and hype with NFTs expresses the cultural shift between generations.

According to him, this is paving the way for further applications of the technology and mass adoption in other markets.

“The NFT boom has been attracting the attention of venture capital investors in a very positive way. Just as companies like Uber, Airbnb and iFood have revolutionized the way the general public deals with technology, leading to mass adoption, so will NFTs,” he said.

Finally, the executive pointed out that, today, the Crypto user experience is still pretty bad. So the evolution will be in that direction.

“The customer will eventually not even know they have crypto in the back end. The future in the next five years could be like this”, he concluded.