It seems like there is no slowing down of attention into the NFT market at the moment. It is basically a section of the crypto market where persons can sell rare digital items where they cannot be exchanged for other NFTs.
Recently VISA announced that they have paid nearly 150,000 for an NFT in Ethereum. In the announcement, Cuy Sheffield who is the head of crypto at Visa, made it clear that they are going to start making moves within this space.
“We think NFTs will play an important role in the future of retail, social media, entertainment, and commerce”, he said.
He also went on to discuss the importance it will have with Visa’s clients and partners.
“To help our clients and partners participate, we need a firsthand understanding of the infrastructure requirements for a global brand to purchase, store, and leverage an NFT.”, he said.
At the moment visa is just one of many major brands looking to invest in NFTs. Others such as CNN, The New York Times, and Fortune magazine have all sold NFTs of their own.
In a recent post about CryptoPunk, it’s clear that the market is heating up and while it may seem lucrative, you have to be careful as the crypto journey can often be a wild and unforgiving ride.
