It’s daunting the amount of capital and expertise it would take to run such a business, and even if you’re successful, are you just going to be No. 2? - Jon Venverloh

They are making sure that the laws they are putting into place don't unfairly hinder the growth of the technology company

For a lot of non-crypto people, NFTs can be a first foray into the crypto space and a way to dabble with deeper blockchain concepts without having to learn the ins and outs of the more complex side of crypto assets. It’s more fun to show friends what NFTs are in your wallet than it is to talk about how much crypto you own, and I think that’s one of the reasons they’re continuing to gain popularity amidst the crypto downturn.

Blockchain tracking capabilities are advanced enough that it would be relatively easy for the U.S. government to follow the money if the Russian oligarchs try to turn their fortunes into crypto.