Global cryptocurrency exchange FTXCEO of Sam Bankman-FriedAccording to , the rapidly growing non-tradable tokens (NFT) sector has the potential to drive wider acceptance of digital assets.
FTX CEO‘su noted that the ability of NFTs to trigger “mass adoption” of crypto-assets has increased ‘largely’ over the past 12 months.
“A year ago I would have given this situation a very low probability. Now I give it a much higher probability.
… but now NFT‘s was a ‘domestic’ audience that didn’t invest in crypto, I would put it in the highest category for ‘probability’ with a few other things in terms of what brings crypto assets for something other than financial investment.”
Bankman-FriedAccording to NFT activity is growing rapidly.
“…whether it’s integrating with video games or ‘ticketing’ for venues, events or teams, you know, I think we’re seeing really active movements in these areas. NFTs make a lot of sense as one! And it’s a pretty clean layer of innovation to add to existing structures.”
The CEO also stated that the path to tokenization of traditional securities such as ‘stocks’ in the US will be determined by the Securities and Exchange Commission (SEC).
“The biggest question in this thread is who will list this product (tokenized traditional securities). What trade will it be? Looking for FTX or Coinbase listing? Or are you searching for a listing on the New York Stock Exchange? Looking for a third type of platform listing? For example, will Robinhood be able to trade?
Honestly, I think the biggest question is, what license do you need to offer the product? Do we need to deliver on crypto rails or traditional rails? Frankly, I don’t know how it will turn out, but this will be a discussion with the SEC.”
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