Visa executive says that NFTs have made crypto more cool than it used to be.

According to Visa’s chief of crypto Cuy Sheffield, mainstream users are creating “crypto wallets in waves”, which will be part of the NFT Sector.
Cuy Sheffield, Visa’s head for crypto, stated that cryptocurrency investing has become much more popular due to the influx of creative people attracted by the booming NFT industry. Sheffield spoke on the first day of the Singapore Fintech Festival. Sheffield spoke on the first day of the Singapore Fintech Festival on Nov. 8. The head of Visa’s crypto department is a self-described NFT-enthusiast. He was instrumental in the firm’s decision to buy CryptoPunk 7610, a female figure sporting a mohawk and clown green eyes. Sheffield stated that the move was part a push to “gain a first-hand understanding the infrastructure requirements for global brands to purchase, store and leverage an NFT.” He also suggested that the firm was considering offering services tied to NFTs. He said that the ability to track and leverage digital assets in multiple environments could lead to exciting new opportunities in ticketing and gaming music, art and beyond. Similar: Nifty News: CryptoDragons FTs sold in seconds, Counterparty collectibles sold for $500K, and the annual event is organized by Eleandi and the Monetary Authority of Singapore. The event, which is focused on Web 3.0 tech prospects, features prominent guests such as Visa, Mastercard and Chainlink, Celo AMTD Groups, Microsoft, Ant Group, and Tencent. Ravi Menon, Managing Director of MAS, spoke at the event. He stated that smart contracts and the tokenization real world objects and intellectual properties are “key enablers” for the new Web 3.0 paradigm. Menon stressed the importance of tech in relation to commodities like real estate and intangible asset such as patents. He also stated that “once tokenized, rights as well as ownership of these assets could easily be transferred, improving liquidity as well as efficiency.” This could significantly increase economic opportunity and inclusion.

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