Saving you the pain and cost
Interesting interview with NFT fan Shark Tank’s Kevin “Mr. Wonderful” O’Leary. For those interested here is a link to the full interview:
Shark Tank’s Kevin “Mr. Wonderful” O’Leary is an NFT Believer (https://observer.com/2022/07/shark-tanks-kevin-mr-wonderful-oleary-is-an-nft-believer/) For the sake of today's blog commentary, we will cherry-pick one comment from "Mr. Wonderful":
"I’m far more interested in authentication of physical assets and it started for me with watches. I have a very, very large watch collection. And over time, the complexity of insuring them in different cities, different vaults got problematic. And one of the solutions we found was to create NFTs for the pieces. So I could tell the insurance companies, which cities, which vaults, what I’m traveling with, because I only want to insure the watches that are outside of the vaults. It’s the same issue for my modern art collection–you know, what pieces are lent out and that’s how I got down that rabbit hole." One of the key areas we deal with for consumers of our asset-backed NFTs is that FIX00 covers the real-world cost (the carry) of insuring the Rubies, housing them securely in a depository .... FIX00 covers these costs in perpetuity. No one else does that for its clients/consumers whether it be for gold, diamonds, watches, cars, etc That's our way of looking out for our community and starting a revolution to change the archaic and opaque world of luxury auction-based markets and practices. Power to the people!
For a short overview of the FIX00 project 🙂 please use this link: The Start of something new
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