{"id":18492,"date":"2022-05-31T20:42:05","date_gmt":"2022-05-31T20:42:05","guid":{"rendered":"http:\/\/egrowonline.com\/?p=18492"},"modified":"2022-05-31T20:42:05","modified_gmt":"2022-05-31T20:42:05","slug":"ripple-ceo-brad-garlinghouse-says-nfts-are-underhyped-heres-why","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=18492","title":{"rendered":"Ripple CEO Brad Garlinghouse Says NFTs Are Underhyped \u2013 Here\u2019s Why"},"content":{"rendered":"


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The CEO of San Francisco-based payments company Ripple Labs says the ability of non-fungible tokens (NFTs) to tokenize various kinds of assets is being underutilized.<\/p>\n

In a recent interview with Cointelegraph at the World Economic Forum, Garlinghouse says<\/a> that NFTs will become more widely used once investors realize how useful they can be.<\/p>\n

\u201cBack in December I was interviewed and I said [NFTs] were \u2018underhyped,\u2019 despite the fact that there\u2019s obviously a lot of hype in certain parts of the NFT market.\u00a0<\/em><\/p>\n

I think the tokenization of various assets is underhyped\u2026<\/em><\/p>\n

As leaders across the world learn how these technologies can actually benefit their constituents, benefit their economies, they\u2019re going to use them.\u201d<\/em><\/p>\n

When discussing possible real-world use cases, Garlinghouse gives the example of carbon credits, which he believes could greatly benefit from the tokenization of assets into NFTs. Carbon credits are permits that grant the right to emit a determined amount of greenhouse gases.<\/p>\n

\u201cCarbon credits. Carbon credit marketplaces have been challenged because of, frankly, fraudulent carbon credits \u2013 people trading what actually aren\u2019t carbon credit offsets \u2013 and the ability to have the traceability, the ability to have an open, visible to anyone trading is, I think, very important, and I think can revolutionize how carbon credit marketplaces and the efficacy of carbon credit marketplaces.\u201d<\/em><\/p>\n