Venture capitalist and Social Capital CEO Chamath Palihapitiya recently predicted the explosion of crypto art and non-fungible tokens (NFTs).
In a recent interview with Bloomberg Markets and Finance, the billionaire posits that NFTs are the next frontier in the digital asset space.
“I am building a fairly sizeable portfolio of what are called NFTs (non-fungible tokens). Some digital art, some virtual trading cards, and these may sound crazy to some, but I do think that that’s the next frontier of digital currency and digital assets, and so I have been building a portfolio.”
Palihapitiya adds his team was going to make their crypto investments public in the coming weeks or months.
“We will publicize everything we own and we will make our holdings transparent, so that folks can track along and see as we buy and sell things. So that’s coming in a few months. I’m not really ready to show the details of exactly what we hold yet, but I’m really excited. Maybe in a few weeks actually. I’m very excited. We’re almost ready to tell the world.”
At the time of writing, Palihapitiya is yet to release the details of his portfolio, but projects related to NFTs have exploded since he revealed he was investing in the nascent crypto space.
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Ievgenii Meyer/archy13/stockphoto-graf