Michael Novogratz spotlights blockchain potential.
Michael Novogratz is a billionaire crypto investors founder and CEO of Galaxy Investment Partners. He has a Net worth of US$ 7.25 billion (as of 1 May 20220). Michael Novogratz’s progressive thinking anti-conformist style of investing led him early to realize the huge potential of blockchain technologies, which facilitates cryptocurrencies among other applications.
“Michael Novogratz’s progressive thinking anti-conformist style of investing led him early to realize the huge potential of blockchain technologies”
WEALTH TRAINING COMPANY
Already a billionaire investor Michael Novogratz spotlights blockchain potential and what could be driving him might be more than making another billion
Michael Novogratz’s Galaxy Digital is leading the crusade, investing in decentralized digital blockchain technologies, which is fueling a revolution whereby the little guy is taking out the rent takers. Popular capitalism 2.0 is evolving.
“I have a cheeky saying, the Blockchain is going to eat the world” said Michael Novogratz.
In his latest interview, Michael Novogratz spotlights the blockchain potential, where developers build apps on the Ethereum secure blockchain network.
We are at the cusp of a paradigm shift as the digital ecosystem and economy are being built.
Michael Novogratz spotlights the blockchain potential applications in the field of NFTs which he talks about with ultra-enthusiasm in his latest interview
A non-fungible token (NFT) is a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable. NFTs can be used to represent items such as photos, videos, audio, and other types of digital files.
“We are at the very early stages so much that there are little mini bubbles that will pop up and then down” said Michael Novogratz.
“We are at the very early stages so much that there are little mini bubbles that will pop up and then down”
“Don’t miss the big picture this is going to fundamentally change how we secure the intellectual property from now going forward” he added.
So, one aspect of cryptocurrencies is this decentralized ledger for digital currencies built on the secure Ethereum blockchain network, the most established one being Bitcoin.
But there are many other aspects to Blockchain technology that is enabling app developers to build a digital ecosystem whether it be decentralized finance and finance services by building AI smart contracts (DEFI), or AI data-mining protocols which take marketing to another dimension (Web 3.0) through the creation of smart contracts or NFT, which will change how intellectual property is secure.
“Digital Galaxy was set up to participate in the whole ecosystem we have made investments in over a hundred companies in and around the space from DEFI companies to protocols, to security companies, custody companies, and NFT companies” – Mike Novogratz
Michael Novogratz spotlights the blockchain potential and he noted that Digital galaxy fund invests in the entire digital ecosystem covering DEFI, Web 3.0, and NFTs
“Digital Galaxy was set up to participate in the whole ecosystem we have made investments in over a hundred companies in and around the space from DEFI companies to protocols, to security companies, custody companies, and NFT companies” he said
“So, we look at the movement it is a retail driver ethos, the little guy wanting to take-out the rent taker, it is an ethos of transparency, authenticity, and egalitarianism” added Michael Novogratz.
Put another way, we are witnessing the transformation and reinvigoration of capitalism, the transfer of wealth from the old generation of oligopolists that have benefitted from centralization to a young generation of disruptors and it is beautiful. Capitalism 2.0 is evolving where diamond hands no longer mean wealth but knowledge. A new generation is learning, profiting from investing and private ownership. A few years ago, everyone in the guru space of forecasting was speculating what the end game would look like. Today I see no endgame playing but a transformation taking place.
“NFTs are my favorite topic” – Mike Novogratz
“NFTs are my favorite topic. These are non-fungible tokens one of the great things about the whole crypto space the blockchain is Satoshi white paper was the first digital signature that you couldn’t counterfeit. So, think of what that means you can make digital art that nobody can counterfeit. So, art gets its value from scarcity. So, the blockchain allows you to do that. Now we are going to see artists for the first time create Art digitally. The great artists never did that before. So, you are going to take your phone, buy something walk home and throw it up on a giant screen and say that is mine” said Michael Novogratz.
“Then you are going to be able to monetize fractions of the artwork” he added.
So, we could see fractionalization of jerseys, cars, and memorabilia.
“Take the Super Ball I am going to have an artist do a digital painting and there be a rapper singing a song and you are going to be able to sell that clip from the Super Ball.
People are going to go, dude, there are only ten of those and they are going to buy them” he said.
At the Galaxy interactive fund, we are more star wars people than star track people we have invested in forty companies in the gaming space, new worlds. Probably a third of them are already playing with these things.