Real Vision CEO Raoul Pal, who is well-known in the crypto scene, is launching a new Web 3 fund on the market. Pal wants to tokenize numerous digital goods with it.
The Web 3 fund of Raoul Pal is called ScienceMagic.Studio. The crypto expert wants to monetize music, fashion, movies and sporting goods from various industries with the help of NFT technology, tokens and the Metaverse.
Web 3 and tokenization: a trillion-dollar market
As one of the reasons for the new business model, Raoul Pal mentioned on Twitter the gigantic market value, which can theoretically be tokenized:
“There are $63 trillion in intangible assets on companies’ global balance sheets. Tokenization transforms brands and communities into material goods and connects benefits and networks with communities. This is potentially the biggest change in business models in a very, very long time.”
According to the crypto expert, the investors of the new Web 3 fund include Liberty City Ventures, Coinbase Ventures, DCG and Brevan Howard Digital, among others. In the first round of financing in June, the company was already able to secure 10 million US dollars.
Raoul Pal also tweeted that the company is already in talks with numerous brands and companies to promote these “go directly to Web 3“. Raoul does not only see the founding of a Web 3 company as a great opportunity. The star investor still firmly believes that crypto investments are an excellent way to hedge assets in the current inflationary environment.
Web 3: A picture of BeInCrypto.com
Raoul Pal’s Crypto Predictions
Raoul Pal has set himself the task of promoting the financial education of the people. With his Real Vision blog and numerous Twitter threads, the investor shares his assessments of the current market situation and clarifies them via the new Web 3.
Raoul Pal has invested in crypto himself, but prefers Ethereum over Bitcoin. For him, Ethereum is the better choice, since the blockchain can be used not only as a means of payment, but also as a smart contract platform.
The crypto guru believes that we still have to expect more inflation and bases his reasoning on the data of the last 3 major crises of (1974, 1989 and 2008). In his opinion, further interest rate increases will follow, which could lead to further sell-offs in the markets.
To everyone who says the Fed won’t cut until inflation peaks…
1974, 1989 and 2008 are the contrary evidence. Those were 3 of the 4 largest inflation episodes in the last 50 years.
I don’t expect them to cut yet but pause soon, then cut, yes. pic.twitter.com/qkiDHKS9mO
– Raoul Pal (@RaoulGMI) July 2, 2022
Predicting the financial crisis of 2008, the investor explained that due to the upcoming inflation in the near future, there are good “buying opportunities” for younger people who invest in assets at the right time. Apart from cryptocurrencies, Pal also suggested taking a closer look at commodities and real estate.
An accurate forecast for the bottom of the Bitcoin price or the stock market has not yet been given by Raoul Pal. He first wants to continue to observe the macroeconomic circumstances. However, Raoul Pal believes it is possible that the Bitcoin price could rise to over 1 million US dollars due to the network effect.
Disclaimer
All information contained on our website is researched to the best of our knowledge and belief. The journalistic articles are for general information purposes only. Any action taken by the reader on the basis of the information found on our website is done exclusively at his own risk.
