Liam Herbst, NFT Analyst, on Current and Future NFT Market | Ep. 250

Liam Herbst, NFT Analyst, on Current and Future NFT Market | Ep. 250

The Blockchain Revolution: Unlocking the Potential of NFTs

In an exclusive interview with cryptonews.com, Liam Herbst, an NFT Analyst, discusses the future of Non-Fungible Tokens (NFTs), the potential bull case for NFTs, and why he believes Ethereum (ETH) will outperform virtually every NFT. Liam, who leads the go-to-market strategy for a new NFT company, has a deep understanding of the blockchain industry and has previously worked with notable NFT platforms such as BasedAF, Blur, and DeSo. His expertise in NFT trading began in early 2021 with NBA Top Shot, and he has since become a well-respected voice in the NFT community.

About Liam Herbst

Liam Herbst is a blockchain professional who graduated from the Ivey School of Business at Western University. Prior to his involvement in the NFT space, he worked at a startup accelerator called On Deck and played professional junior hockey for four years. With a passion for NFTs and their potential, Liam has become a trusted source of information, regularly sharing insights on the NFT market on Twitter (@liamherbst_).

Highlights of the Interview

During the interview, Liam discusses several key topics that are shaping the NFT industry:

1. The need for a reevaluation of the term “NFT”: Liam argues that the term “NFT” has been overhyped and needs to evolve in order for the NFT market to reach its full potential. He draws parallels to how the term MP3 evolved into a broader concept of storing and accessing digital music files. By focusing on the benefits and utility of NFTs rather than the term itself, Liam believes that the industry can attract a wider audience and drive mass adoption.

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2. The long-term bull case for NFTs: Liam believes that NFTs have a strong future ahead, driven by new trading instruments and unique marketplaces. He highlights the emergence of lending protocols like Blur and the potential for futures trading in the NFT market. These new instruments offer opportunities for increased efficiency and liquidity, making the NFT market more attractive to investors.

3. The importance of Blur lending outstanding volume: In discussing important metrics in the NFT market, Liam emphasizes the role of lending protocols like Blur in determining the floor price of NFT collections. By allowing farmers to leverage their NFTs and take out loans, Blur lending has a direct impact on the price of NFTs. Liam explains that this leverage can drive both the appreciation and decline of NFT values.

4. ETH’s potential to outperform NFTs: Liam is bullish on Ethereum’s long-term prospects, believing that it will outperform virtually every NFT. He sees ETH as the backbone of the NFT ecosystem, with the demand for smart contracts driving its value. As more projects come online and the NFT market expands, Liam expects ETH to rise in value, while suggesting caution towards mid-size NFT projects.

5. Early investment in top NFT artists: Finally, Liam discusses his personal investment approach, focusing on early acquisitions of artwork from top NFT artists. He believes that investing in early works from renowned artists will lead to significant value appreciation over time. He highlights the future demand for unique, scarce artworks on the blockchain.

Overall, Liam Herbst’s insights provide a comprehensive view of the current state and future prospects of the NFT industry. His expertise and understanding of the blockchain space make him a trusted source of information and a valuable voice in the NFT community. To stay updated on Liam’s perspectives and thoughts on the NFT market, you can follow him on Twitter (@liamherbst_).

Note: This article is a comprehensive rewrite of an exclusive interview with Liam Herbst, an NFT Analyst, conducted by cryptonews.com. The original interview can be found here.