{"id":11204,"date":"2022-05-30T17:37:21","date_gmt":"2022-05-30T17:37:21","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/brad-garlinghouse-says-nfts-underhyped-sees-new-use-cases-cointelegraph-interview\/"},"modified":"2022-05-30T17:37:23","modified_gmt":"2022-05-30T17:37:23","slug":"brad-garlinghouse-says-nfts-underhyped-sees-new-use-cases-cointelegraph-interview","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/brad-garlinghouse-says-nfts-underhyped-sees-new-use-cases-cointelegraph-interview\/","title":{"rendered":"Brad Garlinghouse says NFTs &#8216;underhyped,&#8217; sees new use cases | Cointelegraph interview"},"content":{"rendered":"<p><\/p>\n<div data-v-2a0745c6=\"\">\n<p>Ripple (XRP) has announced a $100 million investment in the carbon trading segment, CEO Brad Garlinghouse told Cointelegraph\u2019s Joseph Hall in an interview on the sidelines of the World Economic Forum (WEF) Annual Meeting, which concluded on Thursday.\u00a0<\/p>\n<p>Garlinghouse noted the rising profile of cryptocurrency at the international summit, comparing his experiences over the last several years. \u201cAs leaders across the world learn how these technologies can actually benefit their constituents, benefit their economies, they\u2019re going to use them. [\u2026] I think we\u2019re seeing that happen every day,\u201d Garlinghouse said.<\/p>\n<p>He went on to say that nonfungible tokens (NFTs) are \u201cunderhyped, in spite of the fact that there\u2019s obviously a lot of hype in parts of the NFT market.\u201d Specifically:<\/p>\n<blockquote><p>\u201cThe tokenization of various assets is underhyped.\u201d <\/p><\/blockquote>\n<p>Garlinghouse cited carbon credit trading, which is often \u201cchallenged\u201d by fraudulent activity, as a use case for tokenization\u00a0due to its transparency and traceability. \u201cIt could really revolutionize carbon credit marketplaces, the efficacy of carbon credit marketplaces,\u201d Garlinghouse said. Ripple is investing $100 million in the segment, he added. <\/p>\n<p><strong><em>Related: WEF 2022: Trust and clarity are missing in discussions of carbon emissions and crypto<\/em><\/strong><\/p>\n<p>Cryptocurrency will have some real use cases in 2022, Garlinghouse continued. Cross-border transactions are one such example that Ripple is working on. Currently, cross-border transactions are \u201cusually quite slow, quite expensive and frankly very error-prone,\u201d while the XRP chain has been \u201ca very efficient, low-cost bridge,\u201d he said.<\/p>\n<p>\u201cI don\u2019t think we\u2019re living in a single-chain world,\u201d Garlinghouse said. \u201cIt\u2019s a multi-chain world, there\u2019re going to be a lot of different utility use cases.\u201d Ripple will continue to focus on enterprise, but other cryptocurrency foundations are looking at consumers use cases as well, he explained. <\/p>\n<p>The full conversation is on our YouTube channel. Be sure to subscribe!<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ripple (XRP) has announced a $100 million investment in the carbon trading segment, CEO Brad Garlinghouse told Cointelegraph\u2019s Joseph Hall in an interview on the sidelines of the World Economic Forum (WEF) Annual Meeting, which concluded on Thursday.\u00a0 Garlinghouse noted the rising profile of cryptocurrency at the international summit, comparing his experiences over the last [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11205,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[42],"tags":[],"class_list":["post-11204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Brad Garlinghouse says NFTs &#039;underhyped,&#039; 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