Image default
Bitcoin

Shark Tank Star Kevin O’Leary Says This Nascent Sector of the Crypto Market Could Outshine Bitcoin

Billionaire and Shark Tank star Kevin O’Leary says an rising area of the crypto business has the potential to surpass Bitcoin (BTC).

In a brand new interview with CNBC, the enterprise magnate says that he believes non-fungible tokens (NFTs) might ultimately outshine BTC on account of their real-world use circumstances.

“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 distinctive digital tokens that authenticate possession of sure digital belongings, resembling sports activities memorabilia and artwork. However, new NFT marketplaces resembling 4K try to tokenize possession of real-life bodily belongings, one thing O’Leary says is essential to the business’s development.

In an interview with Forbes, O’Leary says he’s invested in an NFT mission working to tokenize white papers for the watch business.

“[NFTs] provide a lot worth round authentication, stock administration, and every kind of use circumstances in several asset lessons.

I desire NFTs tied to arduous belongings, bodily belongings; the one which I’m engaged on creating a white paper for is the watch business.

I’ve invested in that as a result of we now have a lot fraud in watch amassing, which we are able to eradicate by utilizing some very high-resolution scanning of dials linked to NFTs.”

According to knowledge from the NFT useful resource web site nonfungible.com, NFTs have up to now seen simply over $16 billion in gross sales since 2017. However, the overwhelming majority of them got here in mid-2021, when the sector skilled a large growth.

BTC is exchanging fingers at $43,019 at time of writing, an 11% lower from its seven-day peak of $48,454.

I

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto electronic mail alerts delivered on to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Daily Hodl usually are not funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual danger, and any loses you might incur are your accountability. The Daily Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Daily Hodl an funding advisor. Please word that The Daily Hodl participates in affiliate marketing online.

Featured Image: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia

Related posts

Bitcoin (BTC), Solana (SOL) and Avalanche (AVAX) See Institutional Flows Despite Market Uncertainty: CoinShares

Crypto Advisor

Historically Accurate On-Chain Indicator Shows Bitcoin (BTC) Has Asymmetric Upside, Says Crypto Analyst

Crypto Advisor

Nearly 25% of Small and Micro-Size Businesses Plan To Accept Crypto Payments This Year: New Visa Survey

Crypto Advisor

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

bitcoin
Bitcoin (BTC) $ 18,916.60 3.54%
ethereum
Ethereum (ETH) $ 1,326.99 4.07%
tether
Tether (USDT) $ 1.00 0.04%
usd-coin
USD Coin (USDC) $ 1.00 0.10%
bnb
BNB (BNB) $ 266.94 1.79%
binance-usd
Binance USD (BUSD) $ 1.00 0.27%
cardano
Cardano (ADA) $ 0.441224 3.06%
xrp
XRP (XRP) $ 0.415007 7.48%
polkadot
Polkadot (DOT) $ 6.25 2.47%
solana
Solana (SOL) $ 31.56 3.66%
shiba-inu
Shiba Inu (SHIB) $ 0.000011 4.29%
dogecoin
Dogecoin (DOGE) $ 0.058477 0.43%
staked-ether
Lido Staked Ether (STETH) $ 1,318.46 4.00%
matic-network
Polygon (MATIC) $ 0.738352 4.05%
tron
TRON (TRX) $ 0.059795 1.06%
dai
Dai (DAI) $ 1.00 0.01%
avalanche-2
Avalanche (AVAX) $ 16.70 3.46%
ethereum-classic
Ethereum Classic (ETC) $ 29.06 5.16%
leo-token
LEO Token (LEO) $ 4.75 1.76%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 18,908.76 3.62%
uniswap
Uniswap (UNI) $ 5.32 3.16%
litecoin
Litecoin (LTC) $ 52.32 0.67%
cosmos
Cosmos Hub (ATOM) $ 14.05 10.13%
okb
OKB (OKB) $ 14.92 1.34%
ftx-token
FTX (FTT) $ 23.40 3.67%
terra-luna
Terra Luna Classic (LUNC) $ 0.000304 3.43%
near
NEAR Protocol (NEAR) $ 3.84 4.70%
chainlink
Chainlink (LINK) $ 6.86 6.16%
crypto-com-chain
Cronos (CRO) $ 0.10406 0.94%
monero
Monero (XMR) $ 141.61 0.43%
stellar
Stellar (XLM) $ 0.117606 5.68%
bitcoin-cash
Bitcoin Cash (BCH) $ 112.94 0.30%
algorand
Algorand (ALGO) $ 0.328981 3.59%
flow
Flow (FLOW) $ 1.68 1.06%
vechain
VeChain (VET) $ 0.022749 0.87%
eos
EOS (EOS) $ 1.32 1.23%
internet-computer
Internet Computer (ICP) $ 5.91 3.12%
filecoin
Filecoin (FIL) $ 5.31 3.37%
chain-2
Chain (XCN) $ 0.064394 2.69%
frax
Frax (FRAX) $ 1.00 0.07%
hedera-hashgraph
Hedera (HBAR) $ 0.057717 2.80%
decentraland
Decentraland (MANA) $ 0.708916 2.81%
apecoin
ApeCoin (APE) $ 5.63 4.98%
the-sandbox
The Sandbox (SAND) $ 0.844118 1.69%
tezos
Tezos (XTZ) $ 1.47 1.23%
quant-network
Quant (QNT) $ 101.64 6.20%
axie-infinity
Axie Infinity (AXS) $ 12.32 0.31%
aave
Aave (AAVE) $ 74.23 3.20%
lido-dao
Lido DAO (LDO) $ 1.79 2.33%
elrond-erd-2
Elrond (EGLD) $ 47.89 0.35%
theta-token
Theta Network (THETA) $ 1.04 1.70%
true-usd
TrueUSD (TUSD) $ 1.00 0.31%
chiliz
Chiliz (CHZ) $ 0.241536 4.72%
bitcoin-sv
Bitcoin SV (BSV) $ 48.87 1.32%
compound-usd-coin
cUSDC (CUSDC) $ 0.022646 0.02%
paxos-standard
Pax Dollar (USDP) $ 0.998547 0.02%
kucoin-shares
KuCoin (KCS) $ 8.95 2.01%
bittorrent
BitTorrent (BTT) $ 0.00000078509935 1.81%
ecash
eCash (XEC) $ 0.000039 3.23%
the-graph
The Graph (GRT) $ 0.096671 5.00%
iota
IOTA (MIOTA) $ 0.261088 0.02%
zcash
Zcash (ZEC) $ 53.74 3.03%
huobi-btc
Huobi BTC (HBTC) $ 18,982.84 2.61%
usdd
USDD (USDD) $ 0.999422 0.00%
huobi-token
Huobi (HT) $ 4.57 1.69%
evmos
Evmos (EVMOS) $ 2.46 8.92%
havven
Synthetix Network (SNX) $ 2.34 6.91%
cdai
cDAI (CDAI) $ 0.02207 0.08%
maker
Maker (MKR) $ 600.29 5.26%
bitdao
BitDAO (BIT) $ 0.484856 0.64%
klay-token
Klaytn (KLAY) $ 0.19867 1.28%
neutrino
Neutrino USD (USDN) $ 0.932729 2.52%
fantom
Fantom (FTM) $ 0.226361 1.91%
compound-ether
cETH (CETH) $ 26.69 4.16%
neo
NEO (NEO) $ 8.35 0.92%
helium
Helium (HNT) $ 4.98 7.80%
gatechain-token
Gate (GT) $ 4.17 1.09%
defichain
DeFiChain (DFI) $ 0.823182 2.82%
radix
Radix (XRD) $ 0.05784 0.75%
celsius-degree-token
Celsius Network (CEL) $ 1.44 6.03%
pax-gold
PAX Gold (PAXG) $ 1,657.41 0.80%
pancakeswap-token
PancakeSwap (CAKE) $ 4.34 0.32%
thorchain
THORChain (RUNE) $ 1.61 4.79%
osmosis
Osmosis (OSMO) $ 1.25 8.52%
zilliqa
Zilliqa (ZIL) $ 0.031909 1.88%
enjincoin
Enjin Coin (ENJ) $ 0.476407 1.96%
nexo
NEXO (NEXO) $ 0.880651 2.71%
arweave
Arweave (AR) $ 9.50 1.51%