He explained that a “whole new class” of mainstream consumers are entering the crypto space because of non-fungible tokens .
Now people are using them to discover new music, he described, adding that they are increasingly becoming more of a “super app” that influences consumers’ life.
In August, Sheffield was asked whether he thought NFTs will go mainstream.
“To recognize the role that Cryptopunks have played as an historic NFT project, bridging culture and commerce, Visa has decided to purchase Cryptopunk 7610, Sheffield said at the time.
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Sotheby’s, the British-founded American luxury auction house, has announced the company will be selling Banksy works for real-time bids in ethereum at “The Now Evening Auction” on November 18.