NFTs Finding New Utility
Follow along as Valkyrie's Head of Portfolio Management, Bill Cannon, highlights a notable "byte" from the markets each week.
NFTs are finding new utility beyond digital ownership of art or other collectibles.
Bill's Byte:
NFTs don't usually come up when planning a vacation. Hotels may have found a new solution in keeping their properties booked AND providing travelers a sense of flexibility with that reservation booked months ago. Similar to buying a ticket to a concert, a traveler can buy an NFT for a room on a specific date at a specific hotel, and if plans change, the traveler can either sell that NFT with that specific itinerary on the secondary market, or trade it away for another time at a similar value. Hotel owners are satisfied as the room is paid for that night, and travelers can feel better knowing there is value for that purchased reservation instead of losing out on that non-refundable, non-transferable rate they locked in a while ago. NFTs are finding new utility beyond digital ownership of art or other collectibles. Uses in trademark and copyright protection, and even mortgages are starting to make sense. Please read on these developments here...
