Nicole Buffett, the granddaughter of billionaire Warren Buffett, recently told Institutional Investor that her collection of non-fungible tokens (NFTs) had been practically bought out in simply a few months.
The progeny of the legendary business magnate says that Ether is the currency of the NFT space, whereas competitors of the likes of Cardano and Solana are trying to challenge Ethereum’s dominance within the sector.
Buffett says that she accepts the dollar only for physical art:
I’ll assist folks get arrange so they can buy art on the blockchain, however the forex of the NFT space is Ethereum. I do still take dollars for physicals.
Warren Buffett is known as one of the harshest cryptocurrency critics who famously referred to as Bitcoin “rat poison squared.”
His granddaughter claims that investing in the artwork is no different from investing in shares or bonds:
My grandfather will have a look at one thing and ask, ‘Does it have integrity? Does it have sustaining value? What are the components; are you able to break them down?… Art is very much like that.
Relating to pricing, Buffett says she desires her NFTs to stay affordable.
Most of Buffett’s patrons have no idea about her ties to one of many richest families in America earlier than the actual transaction takes place.