Macro analyst and Real Vision CEO Raoul Pal believes one particular sector of crypto will restructure finance and global business operations.
In a new interview on Real Vision, Pal makes the case for non-fungible tokens (NFTs), claiming that the breakthrough of tokenizing real-world assets will completely reshape the way we conduct business.
“Basically, I have for a long time been talking about [how] we can tokenize everything conceptually. NFTs were the breakthrough. That was the token that you can tokenize anything on…
What does this all mean? It basically means the breakthrough has been made to attach intellectual property, or physical assets, or digital assets, to a blockchain in a method that is transferable, instantaneously, to anybody, and storable, and proven in its store.
So, using that, you can limit scarcity and also imply smart contracts. So the multiple uses of this are, almost – we can’t think them through. It’ll change everything from the insurance business to