Nonfungible tokens (NFTs) experienced a record-breaking year throughout 2021 in which sales volumes surpassed $14 billion, avatar collectibles permeated the mainstream market to become cultural status symbols, and avant-garde utility sparked innovative Web3 opportunities for a panoply of industries.
Despite a retracement in financial and emotional fortunes in the opening quarter of 2022, expectations within the NFT community are reigniting for the impending schedule of calendar events such as the launch of Coinbase’s public NFT platform, and the potential for OpenSea and MetaMask tokens.
In an exclusive interview with Jordan Fried, the CEO of Immutable Holdings and Founder of NFT.com, Cointelegraph learned Fried’s perspective on Buffett’s impact on Web3 ideologies, the imminent release of NFT.com, as well as the usage of Hedera’s consensus service to track the minting of profiles.
Fried has been active in the cryptocurrency space since 2012, utilizing Bitcoin as a payment method in a VPN business, and later as a core member of the founding team at distributed ledger technology Hedera Hashgraph, personally recruiting Google, IBM, Boeing, LG Electronics to join the Hedera Governing Council.
Just over a year ago, he founded Immutable Holdings, a blockchain management company which now operates with over $80 million in assets under management (AUM) and holds the ambition of “democratizing access to blockchain technology.”
Citing the prohibitive access of many traditional markets whereby accredited investors operate in walled-garden capital raises, Fried defined that his vision for Immutable Holdings is to facilitate greater accessibility for retail participants, coupled with an aspiration to scale the business into the Berkshire Hathaway of the blockchain industry.
On Sept. 28, Immutable Holdings became publicly tradable on the NEO Canadian stock exchange under the ticker HOLD, and currently registers a value of CAD$1.35.
Early in the conversation, Fried expressed a bold prediction — which echoed Coinbase CEO Brian Armstrong’s comment in a recent conversation regarding the platform’s NFT marketplace launch — that NFT’s have demonstrated the financial potential to eclipse the value of crypto assets in the coming years.
“Everything that we own in the physical verse and metaverse is going to be represented in the form of an NFT. So, if you were to sum that aggregate value, it will likely be much more than the $1.9 trillion worth of coins that are circulating on CMC today.”
Consistently publicising his avidity to emulate the successes of Warren Buffett, Fried recognized his legacy investment prowess, but candidly criticized his lack of receptiveness towards technological evolution, stating:
“No disrespect to the oracle of Omaha, but that man has missed every single technological wave of his lifetime. He is one of the best investors of our generation, but when it comes to Bitcoin and blockchain, he just hasn’t spent enough time with it.”
Fried’s latest venture, NFT.com is a decentralized platform for creators, artists and collectors to trade and distribute value of NFTs, engage in digital discourse, as well as operate and participate in a community-governed ecosystem – Fried even thinks of himself not as NFT.com’s CEO but as its ‘chief decentralization officer’.
Commencing with an inaugural NFT release, the platform will include: profile name NFTs and a web3 social network, a cross-chain data hub consisting of rankings, leaderboards and data statistics on a litany of NFT collections — akin to a CoinMarketCap of NFTs — and a peer-to-peer marketplace.
Collectively, these services will seek to support the overarching ambition of becoming a fully comprehensive headquarters for all-things nonfungible.
If you’re not part of a DAO right now don’t worry; by this time next year you will be.
— Jordan Fried (nft.com ) (@jordanfried) December 17, 2021
As an entrepreneur who has thrived during…
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