The world’s wealthiest man and CEO of luxury goods company LVMH, Bernard Arnault, is officially part of the NFT (non-fungible token) world. This may come as a surprise, as Arnault has not shown much interest in blockchain technology in the past. However, according to sources close to him, Arnault was introduced to NFTs by his sons who have been fascinated with the crypto world for some time.
NFTs are unique digital tokens that use blockchain technology to prove ownership and authenticity of a particular digital asset, such as artwork or even tweets. The market for NFTs has recently exploded, with some pieces selling for millions of dollars. Arnault, with a net worth of over $200 billion dollars, could easily afford to invest in such assets as a hobby.
Arnault’s move into the NFT world raises questions about the potential impact of his investment on the NFT market. Some believe that it will give the industry even greater legitimacy and attract more high profile investors. Others point out that Arnault’s interests in NFTs could be purely for personal reasons and may not have a significant impact on the market.
However, there is no denying the influence that Arnault has in the business world. As the CEO of one of the largest luxury goods conglomerates, his decisions can have far-reaching consequences across a variety of industries.
It will be interesting to see how Arnault’s foray into the NFT world unfolds in the coming weeks and months. Will he remain a passive investor or become an active participant in the industry? Only time will tell.
According to https://blockworks.co/news/bernard-arnault-owns-nfts
The material in this article is written on the basis of another article.