Paris Hilton revealed that she is not only optimistic about NFTs, but also has a good understanding of the technology’s potential applications, in a full blog post explaining her enthusiasm for the industry published on April 6.
– Paris Hilton (@ParisHilton) April 7, 2021
In a blog post titled “I’m Excited About NFT, You Should Be So Too,” Hilton demonstrates an enlightened understanding that she says comes from all she can on the subject by delving into the NFT community. on social media and by “working with NFT collectors like WhaleShark, Illestrater, Internet entrepreneur Kim Dotcom and the founders of Origin.” “
The 40-year-old has a Twitter followed by 16.9 million, and operates 19 different product lines, with its fragrance line alone generating over $ 2.5 billion to date. She wrote:
“I see NFTs, or non-fungible tokens, as the future of the designer economy. They use blockchain technology to help creators increase the value of their work and share it with fans in real time.
Often referred to as the “world’s leading social media influencer” and self-proclaimed “#bossbabe,” Hilton seems keen to position herself as an authority on the NFT space, at least for a mainstream audience, as she prepares to post a new drop soon.
The former reality TV star said isolation at home during the global pandemic had “brought to light the importance of digital worlds and NFTs” as many people move their lives online for entertainment and social connectivity. In particular, Hilton notes the potential value of NFTs in virtual reality:
“I started to realize how much of an impact NFTs can and will have in virtual worlds. The digital art, fashion or brand can all be displayed on someone’s avatar or in a virtual environment, or be redeemed for other goods, […] You can already buy virtual real estate using NFTs. In the Axie Infinity Virtual Pet Universe, someone paid $ 1.5 million worth of crypto for nine plots! You can also buy virtual cars. ”
Hilton notes that NFTs could also allow the fashion industry to showcase their designs and products digitally, with the pandemic currently making it difficult to host fashion shows. TBEN reported this week that Gucci is considering switching to NFTs and symbolizing their fashion clothes.
Hilton uses the example of creating genuine baseball card chips to explain the basic concept of NFT to its millions of fans. She said that “as the owner of the card you can create a token on the blockchain representing the authenticity of this baseball card. You can now trade it or sell it for other valuable goods on the blockchain. ”
Hilton believes that “NFTs democratize art” because artists can use NFT platforms to directly connect with large audiences and buyers while bypassing gatekeepers such as galleries, distributors and agents.
The “#bossbabe” also believes that monetary rewards can be more equitable, as the individual can determine their own financial conditions and keep the majority of the income.
Hilton concluded by saying that the potential applications of the technology were so vast that she was just beginning to understand them.
“Some of these apps could even change the way we live. What if we could use NFTs as collateral for physical items? Or to trade for them? “
The social media personality sold her first NFT in August 2020 before the mania arrived in 2021, an NFT depicting a painting of her cat, which sold for $ 17,000. She donated all proceeds to the LA Food Bank, Meals On Wheels, and BB4Homeless Charities.