Visa’s head of crypto Cuy Sheffield said that thought users are putting in place “crypto wallets in waves” to be a part of the NFT sector.
Visa’s head of crypto Cuy Sheffield aforementioned that finance in cryptocurrency has become heaps cooler because of an influx of artistic varieties drawn in by the booming NFT sector.
Sheffield was speaking on day one amongst the Singapore Fintech competition on November. 8. He said that a “whole new class” of thought users are flocking to crypto which NFTs ar attracting individuals with a broad vary of interests like music, art and culture who are “setting up crypto wallets in waves.”
“Crypto is turning into cultural, it’s turning into cool,” Sheffield said, and added that:
“It used to be that if you were investing in crypto, you were kind of weird.”
Sheffield believes that blending the entertainment sectors with NFT tech might see crypto wallets become a kind of “super app” wherever users will discover new content related to their interests as against merely the simplest way to carry digital assets.
Visa’s head of crypto may be a self-proclaimed NFT-enthusiast and spearheaded the firm’s move to take CryptoPunk 7610 — a feminine figure with a mohawk, clown inexperienced eyes and lipstick — for 49.50 Ether (ETH) in August.
Sheffield declared at the time that the move was a part of a push to “gain first-hand understanding of the infrastructure needs for a world complete to buy, store, and leverage an NFT.” He conjointly hinted that the firm was watching providing services tied to NFTs.
“The ability to trace and leverage a digital quality in multiple environments might mean exciting new opportunities in ticketing, play music, art, and beyond,” he said.
(Brian Quarmby, Cointelegraph, 2021)