1confirmation founder: the total market value of digital art in the next ten years may exceed 3 trillion US dollars

Nick Tomaino, founder of 1confirmation, a cryptocurrency venture capital firm, tweeted, “The traditional art market is not transparent enough, has poor liquidity, and is a tool for the wealthy to allocate assets, but the total value is still more than US$3 trillion. In contrast, Ethereum The digital art on the website is completely transparent in terms of price and sales information, and global liquidity is also increasing, and it can be purchased by anyone. The total market value of digital art in the next ten years may exceed 3 trillion US dollars.” Signum The director of Growth Capital responded, “This makes me very interested in non-traditional use cases. On the one hand, it can generate art income through debt collateral, or it can be loaned out, and the other is for community building.”