Bold investment talks during Web Summit 2021 grand opening night 

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The world’s most significant technical conference, Web Summit 2021, began this Monday in Lisbon, Portugal. In his opening statement, Carlos Moedas, the mayor of the region, said that he dreams of seeing Lisbon as the capital of innovation in the world. 

The minister of the Financial sector in Portugal, João Leão, said that the multicultural country is the place to live, invest, and do business.

The Web Summit 2021 brings famous guest speakers, including Facebook whistleblower Frances Haugen, Ayo Tometi, the co-founder of Black Lives Matter, and the French Non- Fungible Token (NFT) gaming company Sorare’s co-founder and CEO Nicholas Julia. Notably, the summit will last until Thursday.

Sorare CEO discussed NFTs during Web Summit 2021

Sorare offers the players to manage their own football and teams with digital player cards that are minted in the form of NFTs. The cards can be purchased, sold, or transferred. During the Web Summit 2021, the company’s CEO was asked about the NFT Industry’s future in five to ten years to which, Julia gracefully replied:

“NFTs will be the technology behind everything with value on the web. The value could be monetary or personal. I was asserting your identity earlier, so that is something an NFT will be carrying for you on the web. It will be invisible.”

The company’s valuation has grown from $270 million to $4.3 billion since it was founded in Paris three years back. As TheCoinRise reported, Sorare in October released another NFT while joining hands with Bundesliga.

Julia added that around half of a million users have organically come to the platform, untouched by any marketing. Sorare is well-known among the football community as over 200 football clubs have partnered with the company. According to its profile on NFT marketplace OpenSea, Sorare Cards’ trading volume has crossed 50,200 Ethereum (ETH).

However, the statements by the company’s CEO clearly indicate that the company is aiming to expand itself outside the realm of NFT gaming. He said that he thinks that this technology will underpin everything of value on the web.

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