Sun. Nov 27th, 2022

In the words of the tech investor, “it’s not even a question” that it will happen.

It is possible to buy and sell NFTs on the internet, which are “one-of-a-kind” digital assets. Virtual items, such as online photos and videos, or even sports trading cards, can be marked with unique identifiers.

In Bill Tai’s view, real estate and stocks becoming NFTs is “not even a question.”

  • Venture capitalist Bill Tai predicts that company stock and real estate will be among the many assets that become non-fungible tokens in the future.
  • CNBC’s Arjun Kharpal spoke with the tech investor on Wednesday and he assured him that “it’s going to happen” and “not even a question.”
  • Instead, Tai said at the Crypto Finance Conference in St. Moritz, Switzerland, it is just a matter of when it will happen on a large scale.

It is possible to buy and sell NFTs on the internet:

which are “one-of-a-kind” digital assets. Using them, you can prove who owns a particular digital asset, such as a photograph, video, or even a collection of sports trading cards. At this time, it’s unclear why or how anyone would want to own an NFT of a stock.

  • The number of items being converted into NFTs has increased rapidly over the last year. As NFTs, everything from the web’s source code to the first tweet by Jack Dorsey has been sold.

The selling price of these intangible assets has baffled some, however:

  • At Christie’s auction in March, South Carolina-based graphic designer Beeple sold an NFT for a record $69 million. For $5.4 million in June, an NFT of the web’s source code was sold.

According to DappRadar, total NFT sales in 2021 are expected to reach $25 billion as the speculative crypto-asset gains in popularity. Coca-Cola and Gucci are two of the world’s most well-known brands that have sold NFTs.

What are Non-Ferrous Metals (NFTs)?

The NFT bubble is a concern for some. But when it comes to the internet, Tai, who has invested in start-ups like Zoom and Scribd, believes that as the web moves from 2.0 to 3.0, there will be more and more things that will be NFTs.

According to him, “Web 1.0 was read-only. Web 2.0 is read-and-write.

  • Everything that enters and exits the screen will be encapsulated in a wrapper in Web 3.0. “So, it’s an internet of assets,” he explains.

According to him, “everything can have an address that allows people to find it through a marketplace,” he continued, “land titles, real estate, art, drawings, anything.” In the long run, this is the most efficient method for transferring ownership of any asset.

Like many NFT supporters, Tai is also interested in cryptocurrencies:

It was “yet another wobble,” he said, when Bitcoin’s value dropped to less than $40,000 on Monday. However, he’s confident it will rebound. Cryptocurrencies, he said, are at the core of institutional acceptance. “I don’t know when it’s going to go back up, but it will go back up,” he said. More institutional investors are getting on board with bitcoin, and its value could nearly double this year, according to the CEO of Seba Bank. Regulated Swiss bank’s CEO says “our internal valuation models” show a price of $50,000-$75,000 right now for cryptocurrencies. “I have no doubts that we will see that level. Timing is always an issue,” he says.

By Adam

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