A crypto chief explains why investors need to ignore short-term price drops in bitcoin – and says innovation will always be way ahead of regulation

Bitcoin crypto currency physical banknote and coin imitations.
  • Investors shouldn’t pay much attention to the short-term drops in the value of bitcoin, MoonPay’s CEO said.
  • It’s normal for regulation to be a couple steps behind financial innovation, Ivan Soto-Wright said.
  • Further waves of retail adoption will allow cryptocurrencies to have everyday use cases, he predicted.
  • Sign up here for our daily newsletter, 10 Things Before the Opening Bell.

Crypto investors shouldn’t be too focused on short-term swings because prices will become less volatile as adoption expands, according to Ivan Soto-Wright, co-founder and CEO of MoonPay.

“Bitcoin is one of the best performing asset classes if you look at the last five years,” he told Insider in an interview. “So when you take the long-term horizon, you don’t look day-to-day or month-to-month.”

Bitcoin has rebounded to trade near $40,000 after three consecutive months of losses that were driven by a host of worldwide crackdowns on crypto trading and mining. Experts across the digital asset space called China’s crackdown the largest sovereign assault on the asset class since its inception, a report from Galaxy Digital showed.

It’s gained 34% in value so far this year, and is 107% higher in the last 12 months.

Soto-Wright, who launched MoonPay in March 2019, got excited about cryptocurrencies after his friend wrote a thesis on bitcoin during college, making him see the potential of financial inclusion for both the banked and the un-banked.

MoonPay, which builds payments infrastructure for cryptocurrencies, is now live in 160 countries with over 250 partners including bitcoin.com and NFT marketplace OpenSea.

He said it’s only expected for regulators to take their time in making sure customers are safeguarded, and for crypto-focused companies to find the right balance between financial innovation and customer protection.

“The great thing that will make the industry thrive in the long term is having clarity over what those rules are in different parts of the world,” he said. “Regulators are always a couple steps behind the financial innovation component, and that’s where some of the friction arises.”

Soto-Wright spoke about ethereum’s growing efficiency, and how blockchain technologists are committed to scaling digital assets through improvements and upgrades to base protocols.

The ethereum network underpins a number of different technologies, including sales of non-fungible tokens (NFTs), which come with huge hidden premia also known as “gas fees.”

He said crypto skeptics are right in that digital assets cannot be used to buy something as simple as coffee, but waves of adoption are yet to come in and allow for scaling to everyday use cases.

But as more people enter the crypto-economy, it will progress and become less expensive to make transactions, just like telephonic communication evolved from pricey long-distance phone calls, to free video-conferencing over the likes of Skype and Zoom, Soto-Wright said.

Read More: The SEC is trying to make investing apps like Robinhood less ‘fun’ in order to protect investors – but these gamified features are actually a great idea

Read the original article on Business Insider

Insider Inc. NFT License 2021

1. Definitions.

“Post” means any text, photographs, charts, and drawings that may be associated with an NFT that you Own.

“NFT” means any blockchain-tracked, non-fungible token, such as those conforming to the ERC-721 standard.

“Own” means, with respect to an NFT, an NFT that you have purchased or otherwise rightfully acquired from a legitimate source, where proof of such purchase is recorded on the relevant blockchain.

“Purchased NFT” means an NFT that you Own.

“Third Party IP” means any third party patent rights (including, without limitation, patent applications and disclosures), copyrights, trade secrets, trademarks, know-how or any other intellectual property rights recognized in any country or jurisdiction in the world.

2. Ownership.

You acknowledge and agree that Insider, Inc. (or, as applicable, its licensors) owns all legal right, title and interest in and to the Post, and all intellectual property rights therein. The rights that you have in and to the Post are limited to those described in this License. Insider, Inc. reserves all rights in and to the Post not expressly granted to you in this License.

3. License.

Subject to your continued compliance with the terms of this License, Insider, Inc. grants you a worldwide, non-exclusive, non-transferable, royalty-free license to use, copy, and display the Post for your Purchased NFTs solely for the following purposes:

(i) for your own personal, non-commercial use;

(ii) as part of a marketplace that permits the purchase and sale of your NFTs, provided that the marketplace cryptographically verifies each NFT owner’s rights to display the Post for their Purchased NFTs to ensure that only the actual owner can display the Post; or

(iii) as part of a third party website or application that permits the inclusion, involvement, or participation of your NFTs, provided that the website/application cryptographically verifies each NFT owner’s rights to display the Post for their Purchased NFTs to ensure that only the actual owner can display the Post, and provided that the Post is no longer visible once the owner of the Purchased NFT leaves the website/application.

4. Restrictions.

You agree that you may not, nor permit any third party to do or attempt to do any of the foregoing without Insider, Inc.’s express prior written consent in each case:

(i) modify the Post for your Purchased NFT in any way, including, without limitation, the shapes, designs, drawings, attributes, or color schemes;

(ii) use the Post for your Purchased NFTs to advertise, market, or sell any third party product or service;

(iii) use the Post for your Purchased NFTs in connection with images, videos, or other forms of media that depict hatred, intolerance, violence, cruelty, or anything else that could reasonably be found to constitute hate speech or otherwise infringe upon the rights of others;

(iv) use the Post for your Purchased NFTs in movies, videos, or any other forms of media, except solely for your own personal, non-commercial use;

(v) sell, distribute for commercial gain (including, without limitation, giving away in the hopes of eventual commercial gain), or otherwise commercialize merchandise that includes, contains, or consists of the Post for your Purchased NFTs;

(vi) attempt to trademark, copyright, or otherwise acquire additional intellectual property rights in or to the Post for your Purchased NFTs; or

(vii) otherwise utilize the Post for your Purchased NFTs for your or any third party’s commercial benefit. To the extent that Post associated with your Purchased NFTs contains Third Party IP (e.g., licensed intellectual property from a celebrity, athlete, or other public figure), you understand and agree as follows:

(a) that you will not have the right to use such Third Party IP in any way except as incorporated in the Post, and subject to the license and restrictions contained herein;

(b) that, depending on the nature of the license granted from the owner of the Third Party IP, Insider, Inc. may need to pass through additional restrictions on your ability to use the Post; and

(c) to the extent that Insider, Inc. informs you of such additional restrictions in writing (email is permissible), you will be responsible for complying with all such restrictions from the date that you receive the notice, and that failure to do so will be deemed a breach of this license.

The restrictions in Section 4 will survive the expiration or termination of this License.

5. Terms of License.

The license granted in Section 3 above applies only to the extent that you continue to Own the applicable Purchased NFT. If at any time you sell, trade, donate, give away, transfer, or otherwise dispose of your Purchased NFT for any reason, the license granted in Section 3 will immediately expire with respect to those NFTs without the requirement of notice, and you will have no further rights in or to the Post for those NFTs.

Read the original article on Business Insider

We’re auctioning off stock history as NFTs to participate in the future of finance

AP21103509964016
Fearless girl stands up to the old way of investing just as Markets Insider explores the future.

  • Markets Insider is selling its first NFTs
  • We want to participate in the future of finance that we so often cover, and connect more with our audience
  • Gamestop, Hertz, and AMC are the first three we are auctioning
  • See more stories on Insider’s business page.

Investing has changed a lot in the past year, and Markets Insider has tracked every twist and turn. We are so far past calling a stockbroker on a telephone and shouting orders on the NYSE floor that even bringing them up as examples can date you.

Markets Insider likes to consider itself part of that evolution. We were born only four and a half years ago, and have found success covering the markets for a digital-native generation of traders. Our written coverage constantly shifts to focus on what you tell us you want to read, and our data pages respect the time it takes to research stocks by putting the most important information at the top.

We’ve loved covering and observing the shifting financial markets from the sidelines, and now we think it’s time to jump in with our audience. We want to allow you, and all the other people who use Markets Insider on a regular basis, to OWN a piece of this generational shift in trading.

Starting next week, we will be auctioning off seminal moments of this shifting stock history on Open Sea, allowing you to bid on the future of trading.

Reddit traders short squeezing the hedge-fund establishment, AMC’s silverback CEO leaning into shareholders as fans, and the SEC keeping traders out of a good bet on Hertz all come to mind as seminal moments in stock history that will shape trading and regulation for years. That’s why we’ve picked these three moments as our first round of auctions.

Each of these moments will be sold as individual NFTs. The NFT will include a historical record of the moment and an explanation of why it matters. We also commissioned three new pieces of art from our world-class graphics team to accompany the auctions. By winning the auction, you’ll be able to brag about owning a seminal trading moment on the fastest growing and most digitally savvy markets site on the web.

These NFTs will not only allow us to interact with you, our audience, but it also lets us participate in the revolution. Quite frankly, we want to live into this new reality and know what it’s like to have cryptocurrency on our company’s balance sheet.

Some Details on the Auctions

The three moments we are auctioning will go live on Open Sea on Monday August 2nd, and you will be able to bid on each of the auctions individually.

We are also hosting an AMA on Reddit to answer any questions you may have about the NFT process and how we decided on these historical moments. That will happen today (Wednesday July 28) at 3pm EST.

We’ve loved chronicling the rapid changes taking place in the investing industry, and we are even more excited to be more involved in its future. This is just one small step in that direction. And one that we hope to take with you.

Read the original article on Business Insider

Tom Brady’s NFT platform partners with DraftKings and Lionsgate to offer sports and entertainment-themed digital collectibles

tom brady

Autograph, the NFT platform co-founded by NFL quarterback Tom Brady, announced Tuesday that it is partnering with fantasy sports website DraftKings and entertainment firm Lionsgate to offer sports and entertainment-themed digital collectibles.

The platform will officially launch its NFTs this summer.

Sports-related content will be sold exclusively on DraftKings Marketplace, which will be available to users with existing DraftKings account. Once launched, millions will be able to seamlessly buy, sell, and trade digital collectibles.

Entertainment-related content, meanwhile, will be available in Lionsgate, Autograph’s entertainment vertical. The first wave of content will focus on franchises including the Hunger Games, Rambo IV & V, Dirty Dancing, Blair Witch, Mad Men, John Wick, The Divergent Series, The Expendables, and The Twilight Saga.

Los Angeles-based Autograph is also launching exclusive deals with Tiger Woods, Wayne Gretzky, Derek Jeter, Naomi Osaka, and Tony Hawk who will all be joining the company’s advisory board.

NFTs are digital representations of any form of artwork tied to a blockchain, typically on ethereum. Each NFT has a signature that can be verified in the public ledger and cannot be duplicated or edited.

When people buy NFTs, they gain the rights to the unique token on the blockchain, not the artworks themselves. But the fact that the information on a blockchain is next to impossible to alter makes NFTs appealing.

“We are honored to partner with these powerful icons and marquee businesses, DraftKings and Lionsgate,” said Richard Rosenblatt, co-founder and co-chairman of Autograph. “As the nascent NFT market continues to develop, we are fortunate to enlist these leading partners with additional luminaries to be announced in the near future.”

Apart from Brady, other celebrities such as Lindsay Lohan and Katy Perry have launched their own tokens, as well as prominent figures including Twitter’s Jack Dorsey.

NFTs have soared in popularity this year. Sales volume of tokens reached $2.5 billion in the first half of 2021, according to analytics firm DappRadar.

Read the original article on Business Insider

Orioles’ Trey Mancini is going to release NFTs to raise money for a cancer charity since the baseballer beat the disease

Trey Mancini
Trey Mancini

Baltimore Orioles slugger Trey Mancinis is the latest sports star to release their own digital collectible tokens. The first baseman’s non-fungible tokens will be up for sale on Monday to raise money for his cancer charity since he beat the disease earlier this year.

The NFTs will go up for sale on the Ureeqa platform. The professional baseball player has partnered with Ben Armstrong, a TikTok influencer, who announced the sale in a tweet on Friday.

“This drop is extremely important to me,” Mancini said in a statement quoted by Coindesk. “Not only is it my first experience with NFTs, but the cause is near and dear to my heart.”

NFTs are essentially digital collectibles that represent real-life assets such as artwork, music, videos or even virtual land or animals. Each is unique and is verifiable and cannot be exchanged for another, unlike a cryptocurrency.

Mancinis has joined the plethora of celebrities who are using NFTs to raise money such as artist and producer Jay Z, rapper Ja Rule, entrepreneur Rob Gronkowski, actor Lindsay Lonhan and singer Katy Perry. What separates Mancini from the rest is the fact that his money will go to charity.

“All proceeds go to his foundation working to support cancer research and those who face serious illness and hardship,” Amstrong wrote on Twitter.

Brian Armstrong tweet
Brian Armstrong tweet

Mancini’s career began in 2016 and was interrupted when he was diagnosed with colon cancer last year. This year, he beat the disease and has dedicated his charity, the Trey Mancini Foundation, to raise funds to fight colon cancer.

Read the original article on Business Insider

NFTs are to physical art what music streaming is to vinyl records, says a crypto expert who sees a whole new social world for digital collectibles

Digital artist FEWOCiOUS auctions 5 unique NFT works of art, along with 5 physical paintings and drawings in a collection at Christie's in NYC.
Digital artist FEWOCiOUS auctions 5 unique NFT works of art, along with 5 physical paintings and drawings in a collection at Christie’s in NYC.

  • Crypto art is revolutionizing how celebrities showcase and sell their work, says Wave Financial’s cofounder.
  • As vinyl records are to streaming, NFTs are to existing physical art, Les Borsai told Insider.
  • NFT innovation brings better experiences, which means their rise isn’t a bubble, the digital art expert said.
  • Sign up here for our daily newsletter, 10 Things Before the Opening Bell.

Crypto art is opening up a whole new world of creativity and promotion for digital artists and entertainers, as physical reality and virtual worlds look poised to become increasingly integrated.

Non-fungible tokens are attracting a wave of celebrities – from pop star Katy Perry to rapper Jay-Z, to billonaire investor Mark Cuban – who recognize the opportunity creating NFTs gives them to reach a new market.

Comparing physical art with digital art is like judging vinyl records against streamed music, said Les Borsai, an NFT expert who has worked with the likes of Lady Gaga and Jason Derulo. One isn’t better than the other.

“They both have benefits I enjoy – streaming gives me ease of access, while my records might give me more of a richness when listening to them,” he told Insider.

NFTs are revolutionizing how artists and content creators showcase and sell their work. They are digital tokens that represent assets such as music and video, as well as virtual paintings and land. Encoded onto a blockchain – the same technology that underpins cryptocurrencies – they carry a digital watermark to demonstrate unique rights to the crypto asset.

They are expected to become an integral part of the tech-investment megatrend of the next decade. The volume of sales for NFTs soared to $2.5 billion in the first half of 2021, data from analytics company DappRadar showed.

There is more to digital art than just collectibles, Borsai suggests. While critics see the crypto art boom as a craze, he views it as a way for top artists to connect with something cutting-edge.

“As someone that came from entertainment, and loved music that connected to the fringe, I think cryptocurrency and NFTs offer that same connection,” said Borsai, chief strategy officer and cofounder at Wave Financial, a digital asset management firm.

The crypto expert spent a decade in managing recording artists, after which he helped launch startups involved in digital music and cryptocurrency, and began advising blockchain-based digital-payment network Ripple. He was also an early investor in ethereum’s ether.

“The cryptocurrency and NFT communities are a community I can understand,” Borsai said.

“While I never have the skill set to be a coder, I do have the ability to read ‘Snowcrash’ or ‘Neuromancer’ and see the potential of the future in the metaverse,” he added, referring to cyberpunk novels that envisage a shared virtual universe.

As daily lives become more tech-centric, trading digital collectibles has helped enhance and create a more interesting global marketplace. Musicians now understand the range of avenues available to share their work and make money from their careers.

Borsai predicted this trend would usher in a new version of social media in a collective virtual space. “There will be a completely new type of social-media platform built – NFTs will exist in the metaverse,” he said.

Some critics suggest the NFT boom may turn out to be a fad, noting it’s a very new market that many investors don’t understand or know much about. But Borsai argues the innovations at the core of crypto art are creating better experiences for people, and that makes NFTs less likely to be a speculative bubble. He pointed to the sales of digital real estate, for instance. A digital house recently sold for $500,000.

“It’s an interesting thought experiment – who thought digital land would be worth anything three years ago? This is just the beginning,” he said.

Read More: Prominent market bear Albert Edwards warns that investors who prematurely bet on higher inflation are set up for further losses – and lays out the pathway to record-low bond yields

Read the original article on Business Insider

NFT sales volume soared to $2.5 billion in the first half of 2021, as artists, celebrities and even Twitter and CNN joined the crypto craze

NFT art
  • NFT sales volume skyrocketed to $2.5 billion in the first half of 2021, according to DappRadar.
  • Artists, celebrities and organizations like Twitter, CNN and the US Space Force jumped onto the trend.
  • The NFT market has however cooled off since the height of the frenzy in these tokens back in May.
  • Sign up here for our daily newsletter, 10 Things Before the Opening Bell.

Sales volumes for non-fungible tokens (NFTs) soared to a record $2.5 billion in the first half of 2021, according to DappRadar, as artists, celebrities, companies and even government institutions have joined the crypto craze and created a red-hot market for digital tokens.

Digital analytics firm DappRadar, which tracks data on decentralized applications including NFT sales platforms that are based on blockchain networks like ethereum, noted the explosion in growth, particuarly over the last 12 months.

“In 2020, the total amount of volume generated by the NFT collections tracked by DappRadar equaled a staggering $94,862,807. Even more impressive is that by the end of Q2 2021 that figure stands at almost $2.5 billion dollars.”, the company said in a blog post last week.

NFTs are digital tokens that can represent real-life assets such as artworks, music, video, games and even virtual land. Unlike a typical cryptocurrency, they are unique and not interchangeable, much collectible items.

DappRadar’s data shows NFTs started gaining traction in January of this year, before sales volume exploded in March. A major contributor to this boom was the sale of the most expensive NFT ever – a digital artwork by Beeple that was sold for around $69 million by luxury auction house Christie’s that month. The craze continued from there, reaching its peak in early May when NFTs worth $102 million sold in a single day, according to Protos data.

A series of artists, celebrities and organisations have since created and sold the digital tokens. Reddit recently auctioned NFTs featuring it’s mascot for instance, while the US Space Force sold NFTs to commemorate the launch of a vehicle during their GPS Block III mission and Twitter creator Jack Dorsey sold his first ever tweet as an NFT. Existing NFTs, for example a series of collectibles called CryptoPunks, one of which sold for $11.8 million, were also pushed into the spotlight.

NFT prices have dropped since that peak – DappRadar noted that sales volume fell in the second quarter of the year. However, the number of sales per day and active wallets increased, their report found.

“In comparison to Q1, the number of sales spiked by 111.46%, while the daily average of unique wallets increased by 151.86% as well.” it reads.

According to the data platform, the NFT market is shifting from highly priced, individual sales to smaller, more frequent ones as online games which incorporate digital tokens for example become increasingly popular.

“It appears that a wider, more mainstream audience has finally arrived. [ … ] The mass adoption factor is undeniable.” DappRadar’s report said.

Read the original article on Business Insider

Reddit is auctioning 3 ethereum NFTs featuring its alien mascot Snoo

KIEV, UKRAINE - 2018/08/14: In this photo illustration, the Reddit social networking website seen displayed on a smartphone.
Snoo, the alien mascot of Reddit.

  • Reddit is selling three “CryptoSnoo NFTs” that feature its famous alien mascot.
  • “Take advantage of this rare opportunity to own a piece of Reddit history-snag a CryptoSnoo NFT,” the website said.
  • Once purchased, buyers will get access to a URL that will take them to a webpage dedicated to their NFT.
  • Sign up here for our daily newsletter, 10 Things Before the Opening Bell.

Reddit is auctioning three non-fungible tokens powered by the ethereum blockchain, with the social media site taking bid from now until July 1.

The tokens are called “CryptoSnoos NFTs” and feature the famous alien mascot of the social media site. The Block was first to report.

“Take advantage of this rare opportunity to own a piece of Reddit history-snag a CryptoSnoo NFT,” the website said.

The three CryptoSnoos NFTs are named Original Block, Helium, and Snooprematic.

All were minted on June 17 and are on sale on NFT platform OpenSea.

According to Reddit, Original Block is inspired by Reddit’s characteristic Snoo caricature. Helium, meanwhile, is associated with the “contemporary art movement” and “everyday objects that are blue and sparkle.” Snooprematic is influenced by a “geometric vocabulary.”

A screenshot of Reddit's NFT called CryptoSnoos taken from its official website.
Reddit’s NFT called CryptoSnoos.

The current highest bid for Original Block is $3,959.82, for Helium it’s $1,979.91, and for Snooprematic, it’s $1,394.07.

Once purchased, buyers will get access to a URL that will take them to a webpage dedicated to their NFTs.

NFTs are unique digital assets secured on a blockchain. Each NFT has its own signature, which can be verified in the public ledger and cannot be duplicated.

NFTs have soared in popularity in 2021. Artwork, tweets, and news columns turned into digital art have fetched millions of dollars at auction.

Read the original article on Business Insider

World wide web creator Tim Berners-Lee is auctioning his source code as an NFT

Tim Berners-Lee
Sir Tim Berners-Lee.

  • Sir Tim Berners-Lee is selling the code he used to create the world wide web – as an NFT.
  • The NFT also includes a 30-minute animation and a letter written by Sir Tim.
  • NFTs are products that operate as digital assets, but can’t be directly exchanged with each other.
  • See more stories on Insider’s business page.

Sir Tim Berners-Lee is selling the code he used to create the world wide web in 1989 as a non-fungible token (NFT).

Sir Tim, who is British, invented the world wide web as the first hypermedia browser, allowing users to create and navigate links between files across a network of computers.

The NFT includes the original archive of dated and time-stamped files containing the source code, which is around 9,555 lines long.

It also includes a 30-minute animation of the code being written and a graphic representation of the full code, created by Sir Tim from the original files using Python. It also includes a letter written by Sir Tim reflecting on the code and his process of creating it.

“It has been fun to go back and look over the code,” he wrote in the letter that accompanies the NFT. “It is amazing to see the things that those relatively few lines of code, with a help of an amazing growing gang of collaborators across the planet, stayed enough on track to become what the web is now.”

Read more: What you need to know about NFTs, the collectible digital tokens that are selling for millions online

The NFT, called This Changed Everything, goes to auction at Sotheby’s auction house on June 23. The auction closes a week later.

Sir Tim and his wife will give the proceeds from the sale to causes they support, The BBC reported.

NFTs are products that operate as digital assets, but can’t be directly exchanged with each other, unlike cryptocurrencies, Insider’s Grace Kay wrote.

“No one NFT is the same as another, they are characterized by their unique qualities, as well as authenticity,” Kay wrote. “The digital tokens often operate as a type of collectors item and cannot be duplicated.”

Digital artist Mike Winkelmann, known as Beeple, sold a crypto-art piece as an NFT for nearly $70 million in March.

Read the original article on Business Insider

A teen crypto influencer who started by investing her pocket money into bitcoin says Gen Z could make crypto go mainstream – once they understand its benefits

Crypto Influencer Miss Teen Crypto
  • Miss Teen Crypto says Gen Z could push bitcoin mainstream once they understand and adopt it.
  • She began investing in crypto at 16 with her pocket money, after her dad introduced her to bitcoin.
  • Digital-native teens could easily dive into NFTs, once they understand the financial side, she said.
  • Sign up here for our daily newsletter, 10 Things Before the Opening Bell.

Miss Teen Crypto, a cryptocurrency influencer who started investing her pocket money into bitcoin when she was 16, told Insider she believes Gen Z could be the catalyst to take crypto and NFTs into the mainstream, if someone would just explain the benefits and how they work.

The 18-year-old, who has tens of thousands of followers across the major social-media platforms, believes her digital-native generation could easily understand the digital side of crypto, but not the financial side – but more education could fix that.

“I think that Gen Z – we’re a little behind in terms of the financial aspect, but we’re not behind in terms of technology,” she told Insider in an interview.

“We’ve been on Snapchat since it came out, we’ve been on the internet our whole lives. So we know the concepts of digital property, we understand how to use this technology,” she said. “We just have to be educated on why we should and how we could.”

Her first investment, at 16, was around $200 saved up from her pocket money and birthday gifts. Her dad had got involved with bitcoin and crypto five years before that, when she was 13 – but at that time, she paid no attention to his passion.

“I was just tuning out. I was like, ‘This is boring, I don’t want to hear about it,'” she said. “But then a few years after, he actually showed me how a bitcoin transaction worked.”

When the New Yorker saw that bitcoin transactions were easily carried out on her phone, she recognised bitcoin’s potential, both in terms of investing and changing the world, she explained.

The crypto HODLer – who grew up Randi Hipper but is known by @MissTeenCrypto on Twitter, her podcast and Instagram – has seen others have the same experience when she has talked to them about crypto and bitcoin. Her high-school peers knew as little as her teachers about the assets, and 95% of the people she has talked to at Times Square have never heard of them.

Non-fungible tokens, or NFTs, are a great way for young people to realise crypto’s potential, the influencer believes. These are unique digital assets – such as image, video or audio files – that are built and stored on blockchain technology. As they cannot be duplicated, so they can be Collectable and hold value.

The key advantages, she said, are that anything can be turned into an NFT – from digital art, to music, to “your high school diploma” – and everything is documented on blockchain. There are also no age limits to creating them.

“Especially with Gen Z, we could take the space and run with it,” the crypto fan said. “It’s just amazing. I think NFTs could be everything,” she added.

All that is needed for a wider adoption of crypto assets is more education, she argues. That could spark a digital revolution that goes beyond finance, she said, bringing changes to not just the financial system, but also to the way people interact and make transactions work.

“We have to be able to reach more people and educate more people, which is what my mission is,”she said. “I’m trying to use social media, and I’m trying to make more educational content just to reach more Gen Z – because it really is the education that matters.”

Read the original article on Business Insider