Visa buys NFT for $165,000 in Ethereum
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Answer Visa buys NFT for $165,000 in Ethereum
The momentum of non-fungible tokens continues and it seems that the momentum has expanded to include and attract large institutions such as Visa, which announced the purchase of CryptoPunk for $ 165,000, as its announcement came as follows:
Over the past 60 years, Visa has built a range of historic businesses, from early paper credit cards to a zip-zap machine.
Today, as we enter a new era of trading in the NFT, Visa welcomes CryptoPunk.
Company Visa and NFT:
The payments giant is betting on NFT and is betting that it will play an important role in it in the future especially retail, social media, entertainment and commerce, as it sees its money in the right place.
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Over the past 60 years, Visa has created an array of historic business crafts—from early paper credit cards to a zip-zap machine. Today, as we enter a new era of informal commerce, Visa welcomes CryptoPunk #7610 to our pool.
– VisaNews (@VisaNews) August 23, 2021
Visa’s statement came as follows:
To help customers and partners participate, we need a first-hand understanding of the global brand infrastructure requirements for purchasing, storing, and leveraging NFT.
To this end, your recent purchase symbolizes excitement and opportunity at this special cultural moment.
Mr. Cote Sheffield, Head of Crypto Division at Visa, has a particular interest in NFT tokens.
In a statement released today, the same spokesperson said:
NFT is gaining momentum.
We expect a wealth of new cases and uses in the coming years.
How can Visa play a role in the NFT market?
According to Sheffield, Visa can enable secure trade in the NFT industry and marketplace.
In the near term, this includes helping brands and companies better understand the NFT market, and how they can help those entities when it comes to customer engagement.
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Visa is working on new concepts and partnerships that it believes will support NFT buyers, sellers and creators.
Sheffield stated:
We look forward to more in the coming months.
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