The non-fungible NFT digital tokens are nascent, but they have managed to attract the world’s attention to them, through the way they work and what they provide as proof of value and immunity against forgery and counterfeiting.

But is it possible to say that non-fungible NFT tokens are a fashion and a bubble will explode soon?

in an interview A talk conducted by the American businessman “Mark Cuban” in which he talked about the non-fungible digital tokens NFT and touched on the fact that they are just a new fashion, and his statements came as follows:

Collectors get what collectors want to collect.

This is what I will say.

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To demystify and refute the connotation of the “bubble” attributed to NFT, Cuban highlighted how digital tokens were transmitted, and was quick to point out how the supply deficit of these holdings during the first two months of 2021 was conveniently replaced by oversupply now.

Travis Kling of Ikigai Asset Management recently expressed on Twitter his refusal that NFT tokens are just a bubble, and asked:

The total value of the non-fungible NFT tokens is more than double that of Squarespace.

Is this a bubble?

At the time of writing, NFT has an estimated market capitalization of over $29 billion with a total trading volume of $2.55 billion in the last 24 hours.

Cuban answered the question:

Can spotlighting NFT bring new entrants into the crypto space or not?

And he answered:

I see that NFT is bringing interest in cryptocurrencies, but I think the hashing and minting of the NFT is overrated, except for a few classic NFTs.

Cuban also addressed the issue of the environmental damage that the cryptocurrency industry is accused of, stating:

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We want to do the right thing for the economy or the environment and there are issues that need to be addressed.

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It also highlighted that miners are breaking with the old, energy-consuming school and beginning to adapt themselves to clean energy.

Cuban did not hesitate to ignore the claim that NFT harms the environment.

He concluded his speech, stressing the beauty of digital holdings, and said about them:

It’s a great.

Easy to buy and sell.

And it’s easy to catch and easy to look at on your phone… We appreciate digital things.

It doesn’t have to be just physical anymore.

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