Kevin O’Leary, Mr. Wonderful, changes the NFT for physical collectibles of millions of dollars

The investor of Shark Tank acquired with partners a unique card of Kobe Bryant and Michael Jordan for USD $ 13 million, marking a strategic turn towards physical assets, leaving aside the NFT that at the time were attractive.

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• Kevin O’Leary invests in a unique sports card of USD $ 13 million.
• The businessman rules out NFT Like a passing fad.
• Plan your collectibles to create an index in Blockchain.

Kevin O’Leary, known as “Mr. Wonderful” and program star Shark Tankit is reorieting its investment strategy to high -value physical collectibles, for which the digital nature is leaving aside, that is, the NFT.

In an interview with COINDESK TV, The businessman revealed that he bought a unique sports card in the world that shows Kobe Bryant and Michael Jordan, with a value of USD $ 13 million. The acquisition was made with two partners, with whom he shares the property of this piece considered “A pillar “ of its growing portfolio of tangible assets.

The president of O’Leary Ventures described the purchase as a calculated movement, more than a whim. “Years ago it was sold in USD $ 75,000, demonstrating its appreciation over time”he explained. For him, The investment in unique pieces has shown higher returns in the last two decades, similar to its bets in Andy Warhol or luxury watches. “I prefer to have a third than nothing”He said.

The rejection of NFT

O’Leary made it clear that he does not share the enthusiasm that once surrounded the NFT. “The NFT turned out to be a fashion”he affirmed sharply. Its main criticism lies in the lack of materiality of those digital assets. “Where is the asset? Where can I wear a white glove and touch it? That can’t be done with an NFT,” He added.

The position contrasts with the fever lived in 2021, when sales in marketplaces of NFT $ 25,000 million were shot at USD Dappradar and Chainysis. Celebrities such as Snoop Dogg, Paris Hilton or Steph Curry launched collections, while global brands such as Nike, Adidas and Coca-Cola They entered this market.

However, the bubble was quickly deflated. By mid -2022, sales had fallen more than 80% and the prices of iconic collections such as Bored Ape Yacht Club and Cryptopunks They collapsed. That collapse reinforces O’Leary’s decision to stay out.

Towards the tokenization of physical assets

Although it rejects the NFTO’Leary does not rule out the use of Blockchain In this new commercial strategy.

In fact, he anticipates that his collectibles will be tokenized in the future. “It would be much easier to manage and manage them in an index in that way”he commented. With this idea, the businessman seeks to combine the tangible with technological efficiency, creating what he calls a portfolio “Tokenized” of unique works and pieces.

This approach aligns with his vision of “Wall Street Ochain”in which infrastructure Blockchain Modernizes traditional asset management. For O’Leary, this technology can provide transparency, liquidity and confidence to markets that still depend on intermediaries.

Base cryptocurrency confidence

The investor also maintains an optimistic position against the most consolidated cryptocurrencies such as Bitcoin and Ethereum, as well as in companies that provide infrastructure, from mining operators to exchanges. Its strategy aims to take advantage of both the potential of rare physical assets and that of digital tools that transform global finances.

O’Leary’s turn represents a clear message: while NFT They lose attractive, the combination of physical collectibles with blockchain technology could define a new stage at the intersection between alternative investment and digital assets.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain.

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