NFTs and Ethereum’s price
NFTs has been a new investment vehicle, managing to combine successfully the need for art authenticity and the investors’ need to diversify their portfolios constantly, to achieve better returns and better security.
The story around NFTs has been based on the guaranteed authenticity of a digital asset but everything has been based technologically on Ethereum and its ability to enhance users to create any type of smart contract they want.
This means that as long as the NFTs market is growing, Ethereum’s price could automatically go up as there is more demand for using this cryptocurrency.
And now, more companies (like GameStop) have entered the NFTs space, bringing another dimension in the field and more capital for the market.