The NFT (Non-Fungible Token) market has been growing in recent months, with a surge in sales observed in December 2022 and January 2023. The speaker has invited a special guest, Mr. Anndy Lian, to discuss the NFT sector and related events in the market. Mr. Lian is an author of "NFT: From Hero to Zero" and an intergovernmental advisor to the Mongolian government.
The speaker asks Mr. Lian about his thoughts on the cryptocurrency market, to which Mr. Lian responds that the market is in a healthier state with better physical policies around the world, and this is a positive for the crypto industry. He believes that the recent events like FTX implosion have helped to flush out bad actors, and the NFT market has picked up. Transactions made on Ethereum for NFTs have grown, and other chains like Polygon are also doing well, with traditional companies supporting them. Mr. Lian believes that the low-price strategy of Polygon is going to work well in the NFT space, and the market is going to grow as the NFT sector continues to develop.
The speaker then asks Mr. Lian about the liquidity tools and web3 infrastructure for NFT markets and whether they are being developed to stabilize the NFT markets and drive growth. Mr. Lian responds by saying that he thinks there is a lot of work being done in this area and it is an ongoing process. However, he believes that the low cost blockchain providers such as Polygon are getting traction and they are an important factor in driving the NFT markets.
