Today Visa announced that it had bought a CryptoPunk non-fungible token (NFT) for which it paid almost $150,000. Visa’s crypto lead Cuy Sheffield said the primary reason for the purchase was to have first-hand experience of the process through its work with partner Anchorage Digital.
Visa wants to partner with the community to make NFTs usable and accessible. “Enabling buyers and sellers is what we do,” said Sheffield. A short term objective is to help businesses and brands mint and sell NFTs, and it even published a paper providing some hints about what’s involved.
But that’s only a first step and Visa is working on “concepts and partnerships” that will support NFT buyers, sellers and creators.
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