Speaking on CNBC’s Market Alert, Mike Novogratz, the CEO of Galaxy Digital, stated that the rise in popularity of non-fungible tokens (NFTs) indicates a big culture shift. He further claims that the entry of global financial giants like Visa enter has fueled the fire surrounding the new asset class. However, Novogratz believes that this is “normal excitement” seen at the beginning of any new market trend and that NFTs are here to stay.