<p>L'Atelier BNP Paribas CEO John Egan has said that ether (ETH) is likely a "significantly safer" investment than non-fungible tokens (NFTs) at this point.</p> <p>That is because Ethereum provides an infrastructure to NFTs, according to Egan.</p> <p>"Ethereum is clearly the big winner when it comes to NFTs," Egan <a href="https://www.bnnbloomberg.ca/video/can-t-find-many-riskier-assets-l-atelier-bnp-paribas-ceo-on-non-fungible-token-boom~2166984">told</a> BNN Bloomberg in an interview on Thursday. "So starting with Ethereum and adjacent infrastructure to Ethereum is probably a significantly safer investment at this point."</p> <p>Buying NFTs, on the other hand, at this stage is akin to gambling in a casino, according to Egan. "You know you're going to spend money, but maybe you're doing it for the enjoyment, for the experience. If you win, you've got lucky," he said.</p> <p>BNP subsidiary L'Atelier identifies trends in digital and virtual domains through research and analysis. Egan said NFTs are "very much an emerging asset" and are risky at this point.</p> <p>However, in the next ten years, Egan expects NFTs to be the "bedrock economic infrastructure within the virtual economy" as it emerges.</p> <p>Egan also compared the current NFT boom to the 2017 initial coin offerings (ICO) mania. He said both the trends are "very similar."</p> <p>"I think a vast majority of the NFT propositions currently available are wrapped up in a hype cycle and have no real value," said Egan. "That doesn't mean NFTs aren't of value. I think NFTs are an extraordinary value as an infrastructure play in the long term."</p>