If All You See Is Lousy Art, You’re Miss Understanding NFTs (Raoul Pal) | by Jayden Levitt | Feb, 2023

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Raoul Pal — Source

“Authen­tic­i­ty is some­thing humans like, and NFTs are authen­tic­i­ty guar­an­teed by the blockchain. Peo­ple mis­un­der­stand NFTs because they see Art and Art is a real­ly sub­jec­tive thing.

Jack­son pol­lock was ridiculed, and Picas­so was ridiculed until they became valu­able. Banksy, the graf­fi­ti artist, peo­ple were say­ing this is ridiculous.

Peo­ple are say­ing the same thing about NFTs. Sud­den­ly they’re like oh my god, well, it’s just a Jpeg.

Well, guess what? Pho­tog­ra­phy has val­ue, too and any­thing signed by the pho­tog­ra­ph­er or has the orig­i­nal dig­i­tal file can be immense­ly valuable.”

Raoul Pal — Source

“We all crave com­mu­ni­ty and con­nec­tion, and NFTs only inten­si­fy this need. It’s the essence of being human.

Humans like to fit in and be part of some­thing; if they don’t, they feel unanchored.

Dur­ing the pan­dem­ic, we saw this as peo­ple who couldn’t go out felt unan­chored because they weren’t part of a community.

Peo­ple poured online because they crave social inter­ac­tion and want to be part of something.

We see this with foot­ball clubs, sports clubs, and reli­gions, where peo­ple are fanat­i­cal about their community.

It’s what dri­ves us to have a sense of pur­pose and be part of some­thing, and it’s all about our interaction.”

“Suc­cess­ful investors join the dots and look at where we’re going, not where we are now.”

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