Shark Tank’s Kevin O’Leary Faiths That NFTs Could Become Bigger Than Bitcoin. He said that the capability of NFTs to provide proof-of-ownership for physical things can accelerate market development. Additionally, the NFT market worth reached $41 billion in 2021, as per Chainalysis.
Shark Tank’s Kevin O’Leary Faiths That NFTs Could Increase Than Bitcoin:
Recently, The Shark Tank’s Kevin O’ Leary told CNBC that the market of non-fungible tokens can grow larger, and more fluid than bitcoin. He said the ability of NFTs to provide proof- of ownership for real-world things can accelerate the market extension.
Words by Kevin O’ Leary:
On Wednesday, In CNBC’s capital connection program he said that:
“You’re going to see a lot of movement in terms of doing authentication and insurance policies and real estate transfer taxes all online over the next few years, making NFTs a much bigger, more fluid market potentially than just bitcoin alone“
NFTs are the digital presence of collectibles, such as art, stickers, photos, videos, audios, and many more. So, O’ leary considers them that they have the potential of verifying the ownership of real-world things.
Words By O’ leary:
“We’ll see what happens, but I’m making that bet and I’m investing on both sides of that equation“
NFT Market Value Progress:
In 2021, the NFT market worth reached $ 41, billion. On Thursday, Chainalysis said that during 2021 the trading surroundings NFT exploded with achievements along with the $69 million sales of NFT artwork by selling House Christies.
However, bitcoin the bitcoin value increased after $2 trillion in between 2021. But has since fallen back, and was nearly $281 billion on Thursday, going through a big sell-off in the latest sessions.
In 2019, O’Leary dubbed Bitcoin “Garbage”, despite, added bitcoin to his portfolio. He has also, unveiled that he has his holdings in firms that are manufacturing crypto products, like decentralized wallers.
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