NFT hype will calm, but the concept won’t disappear, MEW founder speculates By Cointelegraph

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NFT hype will calm, but the concept won’t disappear, MEW founder speculates

Nonfungible tokens, or NFTs, have gained significant traction in the crypto space in recent months, with some tokens selling for millions of dollars. Even though the current excitement over NFTs will eventually simmer down, the concept will live on, according to the CEO and founder of MyEtherWallet, Kosala Hemachandra.

“NFT is currently a hot topic, but I’m sure the hype around it will soon die down,” Hemachandra told Cointelegraph. “Similarly, ERC-20-based tokens were a hot topic in 2017 because of ICOs, now it’s not news to anyone, as people use those tokens daily.”