What do the institutions think of NFT?
Institutions and NFT, it can be seen that since the year 2020, non-fungible tokens (NFTs) have become more and more popular especially in cultural circles. At the same time, institutional investors are starting to enter the sector.
Yes, it’s a fact:
Institutional investors are following millennials and Gen Xers into the NFT space
Research firm Global Data, for example, said that institutional investors could certainly enter the NFT space in the near future to better market their patents.
Institutions and NFTs are increasingly popular, also with artists and large companies:
NFTs have brought new possibilities in the curation and circulation of art, and have attracted the support of pop celebrities. Nike, Sony and Disney are just a few of the institutions taking the lead as mainstream players exploit this “rockstar appeal” of next-generation technology.
It looks like the non-fungible token market will grow in much the same way as decentralized finance (DeFi) in 2020, with the millennial and Gen X subpopulations driving its growth. Nearly 50% of millennials hold a digital asset.
When we see Visa’s recent purchase of a $150,000 CryptoPunk NFT, it can certainly be seen as a “significant sign of acceptance” that will attract buy-in from other institutional investors, who until now have viewed similar assets as “speculative.”
As a reminder:
A non-fungible token is an immutable and unique unit of data stored on the blockchain. NFTs can be used to represent items such as photos, videos, audio and other types of digital files.
That’s why in the NFT news, we often talk about music, art and all the activities, services, products that can be marketed while respecting the copyright, indeed, NFTs offer a unique security, inviolable.