{"id":38605,"date":"2021-03-09T18:34:02","date_gmt":"2021-03-09T16:34:02","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=38605"},"modified":"2025-08-30T05:36:56","modified_gmt":"2025-08-30T02:36:56","slug":"opinion-nft-tokens-boost-the-value-of-crypto-assets","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/opinion-nft-tokens-boost-the-value-of-crypto-assets\/","title":{"rendered":"Opinion: NFT tokens boost the value of crypto assets"},"content":{"rendered":"<p>A range of use cases for digital assets, illustrated by NFT tokens, is boosting their value in themselves. This was stated by Glenn Hutchins, head of New York-based venture firm North Island Ventures, in a CNBC comment.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\u00abThe right <a href=\"https:\/\/twitter.com\/hashtag\/cryptocurrencies?src=hash&#038;ref_src=twsrc%5Etfw\">#cryptocurrencies<\/a> are more like copper or platinum than gold because they have use cases and they rise and fall not just as a store of value but as their in use,\u00bb says North Island\u2019s Glenn Hutchins, who first bought <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#bitcoin<\/a> at ~$100 in 2016. <a href=\"https:\/\/t.co\/1Et8uGDfGI\">pic.twitter.com\/1Et8uGDfGI<\/a><\/p>\n<p>\u2014 Squawk Box (@SquawkCNBC) <a href=\"https:\/\/twitter.com\/SquawkCNBC\/status\/1369279250428293122?ref_src=twsrc%5Etfw\">March 9, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>To illustrate his point, he spoke about collectible cards in the NBA Top Shot game, which users can trade online. The uniqueness and accessibility of each token increase its value.<\/p>\n<p>In Hutchins&#8217;s view, the migration of real-world items into digital form is part of a broader macroeconomic trend.<\/p>\n<blockquote>\n<p>\u00abThe right cryptocurrencies are more like copper or platinum than gold, because they have use cases. They rise and fall not only as a store of value but also in the value of their use,\u00bb he noted.<\/p>\n<\/blockquote>\n<p>Earlier, Hutchins, who previously <a href=\"https:\/\/u1f987.com\/en\/news\/forum-participant-in-davos-refutes-bitcoins-suitability-for-crime\">opposed the notion that cryptocurrencies are convenient for crime<\/a>, bought Bitcoin in 2016 for about $100.<\/p>\n<p>Subscribe to the ForkLog channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A range of use cases for digital assets, illustrated by NFT tokens, boosts their value in themselves. This was stated by Glenn Hutchins, head of New York-based venture firm North Island Ventures, in a CNBC comment.<\/p>\n","protected":false},"author":1,"featured_media":38606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1282,1213,1138],"class_list":["post-38605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-asset-tokenization","tag-nft","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=38605"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38605\/revisions"}],"predecessor-version":[{"id":38607,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38605\/revisions\/38607"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/38606"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=38605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=38605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=38605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}