Investment firm Ark Invest CEO Katherine Wood said that blockchain, NFTs and metaverses have the potential to revolutionize industries, especially the financial sector.
During an online conference hosted by Affin Hwang Asset Management, Catherine Wood stated that Ark Invest is currently focused on exploring five innovative industries. These are DNA sequencing (a method that allows you to establish the sequence of nucleotides in a DNA molecule) to fight incurable diseases, adaptive robotics, energy storage, artificial intelligence (AI) and blockchain.
The head of Ark Invest called the Bitcoin and Ethereum networks the first private digital money systems in history, which are created according to certain rules and are used internationally. Wood also sees great potential in decentralized finance (DeFi) and digital wallets, which are already disrupting the financial landscape and can compete with centralized banking solutions.
As the capabilities of the blockchain expand, conditions are created for the development of metaverses, which can be considered the next generation Internet, Wood said. She also mentioned non-fungible tokens (NFTs), which allow their owners to prove ownership of an item. However, Wood believes that the NFT industry still has room to grow.
“Many people think of the metaverse as video games, but it’s a bigger idea than just games. I am sure that blockchain, NFT and metaverses will have an impact on any field of activity,” Wood said.
Katherine Wood has always been friendly to the latest technologies, including Bitcoin. Last year, despite the volatility of the market, she suggested that within five years the price of bitcoin could reach $500,000. This is due to the growing interest in it from institutional investors.
Source: Bits
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