Raoul Pal, a former executive at Goldman Sachs, believes that the non-fungible token (NFT) sector is still relevant and poised for a major comeback. In a post on the social media platform X, Pal expresses his belief that NFT technology is groundbreaking and that the crypto sector will experience a resurgence in various forms.

Pal states, “NFTs aren’t dead. The technology is groundbreaking. They will make a comeback in various formats, with art being the first true product market fit. However, many more use cases will follow. Over-the-counter derivatives or private loans, for example, are perfect examples of how NFTs can be utilized, as well as tickets, among others.”

Pal goes on to discuss the convergence of crypto and artificial intelligence (AI) and how they are transforming the world. He believes that the first step of this transformation is already underway.

“We all anticipated that AI and crypto would intersect to create a new world. The initial phase of this process is currently taking place in the crypto casino, where it is being tested in a rudimentary and basic manner. However, make no mistake, AI agents will utilize token incentivization among themselves and humans, and tokens will be used for payment of compute costs and profit.”

The CEO of Real Vision predicts that NFTs, decentralized finance (DeFi), and initial coin offerings (ICOs) are just the beginning of a massive societal and economic shift. He forecasts that the market cap of crypto will skyrocket by 3,900% in approximately ten years.

“The one undeniable truth in all of this is that blockchain technology is the primary beneficiary, and due to the powerful behavioral incentives of tokens, their number will continue to increase over time. Currently, the crypto economy stands at $2.5 trillion, and I believe it will reach $100 trillion in the next decade. This trend will result in the largest and fastest accumulation of new wealth in human history. This is the ultimate game. You probably only have about six years before everything changes. Don’t mess this up.”

In conclusion, Raoul Pal is optimistic about the future of NFTs and the crypto sector as a whole. He sees the potential for significant growth and transformation, driven by the convergence of blockchain technology and artificial intelligence.