A Sector Of The Crypto Market Which Is Underestimated By Traders

Well this is a question that hasn’t being answered of recent, the crypto sector which is underestimated. In a twitter thread the former Goldmans Sachs executive Raoul Pal outrightly highlights the Non Fungible Token(NFT) as this sector that is the underestimated.
In a twitter thread he says that;

“While the tokenisation of culture is almost infinite and has only just started, most people miss the even bigger picture…

ALL contracts will get tokenized as NFTs as they more efficient, cheaper, faster and more secure.

ALL: ID, tickets, reservations (hotels, airlines, trains, restaurants etc), all insurance contracts, internet permissions, hotel keys, car documents, real estate, certifications…
advertising, supply chain contracts, inventory management, business deals, driving licenses, medical records, employment history, references, etc etc… but it gets even bigger…”

source

In he’s defense which is said a bulk of dollars in the financial industry will be forced to integrate with the NFT and blockchain technology.

“The entire financial industry is based around contracts at a truly VAST scale – too big for the old City of London ‘My Word is My Bond’ system to work and a two party, audited ledger/database….

There are somewhere between $650 trillion and $4 QUADRILLION of derivatives, $250 trillion of equities, same in bonds, etc. These are all non-fungible contracts of sorts (some are large and some are one of ones like a special over-the-counter option)..

All asset management and funds will be tokenized too. It is much faster, accessible, transparent and more efficient.

AND the ‘smart’ element of NFTs mean that enforcement or dispute resolution is automatic, cheaper and faster, as is ‘storage or ownership.'”

In the lengthy twitter thread what I was able to into a conclusion to is that the sectors which traders are underestimating is the NFT’s and the Blockchain technology.

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