By CNBC
Company stocks and real estate will be among the many things that get turned into non-fungible tokens in the future, according to venture capitalist Bill Tai.
The tech investor told CNBC’s Arjun Kharpal on Wednesday that “it’s going to happen” and it’s “not even a question.”
Instead, it is simply a matter of when it will happen at scale, Tai said at the Crypto Finance Conference in St. Moritz, Switzerland.
NFTs are “one-of-a-kind” assets in the digital world that can be bought and sold over the internet. They’re designed to show that someone has ownership of a unique virtual item, such as online pictures and videos or even sports trading cards. It’s currently unclear why anyone would want to own an NFT of a stock or what they would be able to do with it.
“We are finding some creative deal structures for real estate assets mixed with NFT support for raising funds for the deals.”
–Jordan Rose, Rose Law Group founder and president
