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Coinbase Going Public Will Legitimize Blockchain, Says Alchemy CEO

Apr.08 — Nikil Viswanathan, co-founder and CEO of Alchemy Insights Inc, discusses the rising popularity of non-fungible token (NFT). A NFT digital art piece was sold for a record $69 million at Christie’s, and Twitter Inc CEO Jack Dorsey’s first tweet was also sold for $2.9 million as an NFT. Alchemy is a blockchain developer…

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Apr.08 — Nikil Viswanathan, co-founder and CEO of Alchemy Insights Inc, discusses the rising popularity of non-fungible token (NFT). A NFT digital art piece was sold for a record $69 million at Christie’s, and Twitter Inc CEO Jack Dorsey’s first tweet was also sold for $2.9 million as an NFT. Alchemy is a blockchain developer platform that powers most of the major NFT transactions and says it has grown 54-fold since August 2020. Viswanathan speaks to Emily Chang on “Bloomberg Technology”.

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17 Comments

17 Comments

  1. Sir Derty

    April 9, 2021 at 12:56 am

    Why the reupload? I had a good comment already typed. IBM is already doing this for years… so, its already legit.

  2. John Floyd

    April 9, 2021 at 1:36 am

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      April 9, 2021 at 1:47 am

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    • David Hooks

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  3. Paul

    April 9, 2021 at 2:23 am

    Lol!

  4. Bryn Whitehead

    April 9, 2021 at 2:39 am

    Actually…
    It doesn’t.
    It delegitimizes them.
    As it says to serious investors on both sides of the coin the “owners” of the INDEX which tracks cryptocurrency values doesn’t see long efficiency in the current model.
    This a hedge bet where the wager is on how many stupid people exist to throw money behind this shit as it is.

  5. bestape

    April 9, 2021 at 4:39 am

    I don’t think that value-add at the start is viable. It doesn’t address the copyright issues or identity verification issues. An Instagram post with its timestamp is fine. Ultimately, would a judge prefer crufted up newtech as evidence?

    I’m a fan of NFTs though! I think an immediate value-add is that NFTs allow for virtual marketplaces, kind of like property in Second Life and WOW but built with a full-fledged computable contract system directly tied into the worldwide financial system.

  6. Luke Lu

    April 9, 2021 at 6:55 am

    By far the best explanation to NFTs imo

  7. Marcel Thalberg

    April 9, 2021 at 11:54 am

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    • Nathanial Ashleigh

      April 9, 2021 at 11:58 am

      The masses have no clue this is even going on. This far from over – this is just starting!

    • Adam Cameron

      April 9, 2021 at 11:59 am

      From just a sheer market!ng perspective – this is how it goes: Innovators to Early Adopters (people like myself – that’s where we are right now), to Early Majority, and Late Majority, then Laggards. It’s a proven cycle on how things are adoptees – it’s used in market!ng all the time. I will definitely follow your advise. THANKS

    • Bethany Thompson

      April 9, 2021 at 11:59 am

      I know so many people who don’t like Bitcoin
      just because they Couldn’t buy lower.

    • Helena Maisse

      April 9, 2021 at 12:01 pm

      I have successfully onboarded another friend to bitcoin over the easter holiday!

    • Marcel Thalberg

      April 9, 2021 at 12:10 pm

      @Helena Maisse Bitcoin HODLers are growing, quickly.

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