Macro Guru Raoul Pal Says NFTs Aren’t Dead, Predicts Big Comeback for Crypto Sector

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Ex-Goldman Sachs executive Raoul Pal says that the non-fungible token (NFT) sector is still relevant and due for a big resurgence.

In a post on the social media platform X, Pal says NFT technology is “profound,” and he sees the crypto sector mounting a comeback in many forms.

“NFTs aren’t dead. The technology is profound. They will be back in a multitude of formats with art being the first true PMF (product market fit) but many more will follow. An over-the-counter derivative or private loan for example are perfect use cases for NFTs, as are tickets, amongst a few examples.”

Pal goes on to say that crypto and artificial intelligence (AI) are in the midst of coming together to transform the world. According to the investor, the first step of the process is already in motion.

“Also, we all knew that AI and crypto would meet to create a different world.

The first phase of that is now underway in the crypto casino, being battle-tested in a pretty crude, basic format but make no mistake, AI age…