Ex-CEO of Goldman Sachs confident in NFT

Raoul Paul, who previously held the position of CEO of the investment company Goldman Sachs, shared his opinion on the potential of the NFT market. In his opinion, people greatly underestimate this segment of the cryptocurrency market . He believes that non-fungible tokens can change many aspects of social infrastructure, which he spoke about on Twitter.

Paul says that many people now view NFTs as a culture and as an art, but they don't see the potential of fungible tokens. Although now the community has begun to tokinize culture such as art or music, people are still far from how NFT can be used to the fullest.

In the future, in his opinion, transfer anything to the format of non-fungible tokens. In addition, according to Raoul Paul, NFTs can be much more efficient, cheaper, faster and more reliable than their physical counterparts.

In addition, Raul Paul noted a possible transition to NFT in the service sector in the future. In the future, travel agencies, hotels, airlines, restaurants, trains, government agencies and others will be able to issue tickets, reservations, hotel keys, car documents, identity cards, real estate, certificates using a system of non-fungible tokens.

Other social spheres may not remain unchanged. All contracts related to supplies, advertising, inventory management, medical records, employment record, recommendations, etc. have the potential to develop towards NFT tokens. According to the macroeconomics expert, the entire digital (and not only) industry can move to a new format and be integrated into NFT-related blockchain technologies.

By the way, a couple of days ago the total market capitalization was $1,000,000,000,000,000, and now this figure has fallen to $868,000,000,000+.