NFTs are emerging as a new asset class and why financial institutions should embrace it
rizvihaider.substack.com
Alternative assets continue to gain traction and the global alternative assets under management are expected to increase by 60 percent until 2025. One type of alternative asset has been at the forefront in recent months: the non-fungible token (NFT). NFTs have seen a continued surge in popularity since September 2020 and monthly trading volumes reached $10 billion in Q3 2021 with notable brands such as NBA and Formula 1 selling their own NFT’s.
NFTs are emerging as a new asset class and why financial institutions should embrace it
NFTs are emerging as a new asset class and…
NFTs are emerging as a new asset class and why financial institutions should embrace it
Alternative assets continue to gain traction and the global alternative assets under management are expected to increase by 60 percent until 2025. One type of alternative asset has been at the forefront in recent months: the non-fungible token (NFT). NFTs have seen a continued surge in popularity since September 2020 and monthly trading volumes reached $10 billion in Q3 2021 with notable brands such as NBA and Formula 1 selling their own NFT’s.