All Press Releases for August 25, 2023

DR. DMITRI MERINSON: THE FUTURE OF NFT DIGITAL ART AND FINANCE

The future of NFT (Non-Fungible Token) art and finance holds immense potential for reshaping how we create, invest in, and interact with both art and traditional financial assets, asserts Dr. Dmitri Merinson.



    AMSTERDAM, NETHERLANDS, August 25, 2023 /24-7PressRelease/ -- The future of NFT (Non-Fungible Token) art and finance holds immense potential for reshaping how we create, invest in, and interact with both art and traditional financial assets.

Dr. Dmitri Merinson (www.dmitrimerinsoneconomicresearch.com) outlines the following 7 aspects of investment into NFT art.

1. NFT ART ENHANCES CREATIVE POSSIBILITIES. Artists will continue to explore the unique possibilities offered by NFTs, pushing the boundaries of digital and interactive art. The integration of virtual reality and augmented reality will create immersive art experiences.
2. CROSS-PLATFORM INTEGRATION. NFT art will become more integrated into various digital platforms, social media, and even video games. This wider accessibility will introduce a broader audience to NFT art.
3. ART AS AN INVESTMENT CLASS. NFT art will solidify its status as a legitimate asset class, attracting institutional investors. This will lead to increased liquidity and potentially more stable pricing in the market.
4. DEFI INTEGRATION. Non-fungible tokens will increasingly be used as collateral in decentralized finance (DeFi) protocols. NFT-backed loans and financial instruments will provide new ways for NFT owners to leverage their assets.
5. FRACTIONAL OWNERSHIP. The tokenization of traditional assets, such as real estate or high-value art, will allow fractional ownership through NFTs. This democratizes investing, enabling a broader range of people to invest in high-value assets.
6. SECURE DIGITAL IDENTITY. NFTs could be at the forefront of securing digital identity, enabling users to control access to their personal information, financial data, and assets.
7. FINANCIAL INCLUSION. NFTs can facilitate financial inclusion by allowing people to participate in the global economy with minimal barriers. This is particularly significant in regions with limited access to traditional banking services.

The convergence of NFT art and finance will foster innovation and disruption, offering new opportunities and challenges, predicts Dr. Dmitri Merinson (www.facebook.com/dmitri.merinson/.)

The coming years will likely witness increased regulatory scrutiny to ensure investor protection and market integrity. However, the fusion of digital art and finance holds the potential to democratize art ownership, create innovative financial instruments, and redefine how we think about both the art and finance industries, concludes Dr. Dmitri Merinson (www.dmitrimerinsoneconomist.com)

Dr. Dmitri Merinson (www.dmitrimerinson.com) is an expert in Investment Banking, Corporate Finance and Financial Markets. He holds an MBA degree from the University of Chicago Business School and wrote his Ph.D. Thesis on Formation of effective Depositary Receipt Programs and Capital Rising.

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