OpenSea chief insisted that NFTs retain a bright future, believing that consumers will continue to spend real-world money to acquire digital images and display them in their homes and in online virtual spaces.

“It is not necessarily the case that NFTs will always be bought and sold denominated in cryptocurrency as they are today,” he said. “There are a variety of reasons why that makes sense in the current ecosystem, but as we get broader and more accessible, there is no reason that NFTs could not at least be denominated in US dollars.”