Recently, the world has been buzzing with news of a new trend in the world of cryptocurrency. The trend is called NFTs or Non-fungible tokens. This new craze is being found in social media art and selling for astronomical prices on various online markets. Many people are taking a gamble by venturing into this market and hoping to profit from these newly emerging assets that are changing the face of online marketing. One person who has managed to do so successfully is Justin Sun, CEO of TRON, who recently participated in a live Q&A session about NFTs and what they mean for his company.
Justin Sun has been a CEO of various companies in the past and his current job is at TRON. TRON is a blockchain-based protocol that aims to be the next generation of decentralized software. According to Sun, they want to create a decentralized internet that allows people all over the world to freely share information on any content they like. Their goal is to make sure it’s not dominated by any single group or entity and also promote freedom of speech.
In his recent session, Justin Sun was asked about NFTs and their potential for future success when it comes to turning them into valuable works of art for investors. Justin Sun also added that NFTs are a great tool not just for selling art but also for making virtual assets of all kinds more liquid and accessible. In fact, many buyers of the finer arts and collectors of unique items have been turning to NFTs as a way to increase the value of their portfolio. This is because they can store it in a digital wallet instead of having to worry about physical space. His response also stated that it has been estimated that over 30 billion non-fungible tokens are going to be created within the next two years and as a result this is already creating an online market where people can sell their digital collectibles.
Original source to learn more: https://www.hejustinsun.com/