{"id":158261,"date":"2022-05-25T15:04:32","date_gmt":"2022-05-25T15:04:32","guid":{"rendered":"https:\/\/precoinnews.com\/?p=158261"},"modified":"2022-05-25T15:04:32","modified_gmt":"2022-05-25T15:04:32","slug":"wef-2022-nft-custody-is-the-missing-piece-for-mainstream-adoption-says-veritic-ceo","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/wef-2022-nft-custody-is-the-missing-piece-for-mainstream-adoption-says-veritic-ceo\/","title":{"rendered":"WEF 2022: NFT custody is \u2018the missing piece\u2019 for mainstream adoption, says Veritic CEO"},"content":{"rendered":"

On day four of the World Economic Forum 2022, there were presentations on nonfungible tokens (NFTs), with speakers sharing their takes on use cases and adoption.\u00a0<\/p>\n

At Blockchain Hub Davos, Veritic CEO Stephan Holzer andSeal Storage Technology CEO Alex Altman spoke on the importance of NFTs, their role in society and how the community can attract the mainstream to use the technology. <\/p>\n

In his lecture, Holzer argued that simplifying access to NFTs may push mainstream adoption forward. According to the Veritic CEO, minting in more secure environments and NFT custody are \u201ca missing piece to mainstream adoption.\u201d He explained: <\/p>\n

\u201cWe want to enable the next billion, and this needs NFT custody. And I personally believe that NFTS can potentially be bigger than cryptocurrency itself.\u201d<\/p><\/blockquote>\n

Holzer noted that providing first-time users with a more familiar interface and custody services where they do not need to set up their own wallets could be a \u201cgame changer\u201d for the entire market. <\/p>\n

<\/p>\n

In his talk, Alex Altman, CEO of Seal Storage Technology, weighed in on NFT use cases. He gave various examples of how they can improve the current state of affairs in real estate and gaming. He said that: <\/p>\n

\u201cThere\u2019s absolutely no reason that a deed to a house couldn\u2019t be a unique digital asset as long as that asset is created and stored in the correct way. Given the fact that an NFT is purely unique, that asset can also be transferred really easily.\u201d<\/p><\/blockquote>\n

Altman also pointed out that many people spend hundreds of hours playing games and developing characters, yet the gameplay ends with the player just leaving the game as all the assets acquired \u201cdisappear into the ether.\u201d Altman said that with NFTs, people can \u201cdevelop that asset and create it into a real-world piece of data that you can move, transfer and monetize.\u201d<\/p>\n

Related: <\/em><\/strong>WEF 2022, May 25: Latest updates from the Cointelegraph Davos team<\/em><\/strong><\/p>\n

In a panel discussion on equality, Nicola Mendelsohn, vice president of Meta, mentioned that there is a possibility the creator of Bitcoin (BTC), Satoshi Nakamoto, is a woman. Not dismissing the possibility, Cointelegraph editor-in-chief Kristina Lucrezia Corn\u00e8r shared her belief that Bitcoin\u2019s creator is a group of people made up of both men and women rather than just a single person. <\/p>\n

In an interview with Cointelegraph, Polkadot founder\u00a0Gavin Wood underscored that Web3 has expanded beyond just crypto and decentralized finance. He explained that the term also refers to many new kinds of services that Web2 cannot provide. <\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

On day four of the World Economic<\/p>\n","protected":false},"author":3,"featured_media":158260,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nWEF 2022: NFT custody is \u2018the missing piece\u2019 for mainstream adoption, says Veritic CEO - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/wef-2022-nft-custody-is-the-missing-piece-for-mainstream-adoption-says-veritic-ceo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WEF 2022: NFT custody is \u2018the missing piece\u2019 for mainstream adoption, says Veritic CEO - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"On day four of the World Economic\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/wef-2022-nft-custody-is-the-missing-piece-for-mainstream-adoption-says-veritic-ceo\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-25T15:04:32+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2022\/05\/WEF-2022-NFT-custody-is-\u2018the-missing-piece-for-mainstream-adoption-says-Veritic-CEO.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/wef-2022-nft-custody-is-the-missing-piece-for-mainstream-adoption-says-veritic-ceo\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/wef-2022-nft-custody-is-the-missing-piece-for-mainstream-adoption-says-veritic-ceo\/\",\"name\":\"WEF 2022: NFT custody is \u2018the missing piece\u2019 for mainstream adoption, says Veritic CEO - 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