Non-fungible tokens (NFTs) may become even more essential after reports that Software as a Service giant Salesforce plans to release an as-yet-unconfirmed product to market.
Precise details surrounding the new NFT Cloud offering are still scant, but it seems that Salesforce is targeting something akin to OpenSea, the leading NFT trading and verification platform (which, not surprisingly, is not very decentralized).
NFT Cloud could help artists host and sell NFTs and could potentially integrate with other Salesforce products, which are used by many companies around the globe, especially those that require CRM tools.
NFTs for everyone
The lure of NFTs for Salesforce seems pretty clear, as OpenSea recently collected US$100 million at a US$XNUMX million valuation. In the context of the incredible development, the start-up raised its Series A round in the third month of the year XNUMX, followed by a €XNUMX million Series B round in the month of July XNUMX.
One of the pitfalls of NFTs, and distributed blockchains in general, is that you often need a centralized entity (which is almost certainly a company) to validate certain things.
The stupidity (and also hypocrisy) of this system was deviously pointed out by Signal's creator, Moxie Marlinspike, in a widely read weblog post. Moxie found that despite any and all claims of decentralization, many Web3 services rely on APIs from private companies.
If these companies, which include OpenSea (to test NFT) and etherscan (to interface with the Ethereum blockchain), go down for some reason, many seemingly decentralized services will go out of business.
Moxie's article is worth reading in full, but it serves to highlight a simple fact: Web3 is currently in its infancy and anyone who jumps on the bandwagon, as Salesforce seems to do, could end up with a huge slice of the pie. . .
Via: CNBC