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- 1 NFTs has attracted the world’s richest man in the world.
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2 France’s Bernard Arnault owns the NFT collection, however he showed lose interest in the technology.
Bernard Arnault, the richest man in the world, can own almost every luxurious thing. He is the Chief Executive Officer of LVMH, while according to Forbes his net worth is $236.7 Billion. He overtook Elon Musk and Jeff Bezos and became the world’s richest man. Whether it is about owning any luxurious brand or owning any private island. As he previously said, he was not showing any positive attitude towards the technology. Still, it is quite strange that he owns a non-fungible token (NFT).
NFT Collection of Bernard Arnault
NFTs are one of the most emerging technologies at present. It is a very common term in the crypto industry. Arnault, who previously showed his little low confidence in the technology, owns NFT that is also a part of technology.
During a conversation with Ian Rogers, his ex-advisor and chief digital officer of LVMH, Bernard Arnault revealed about his own NFT collection. He has his own “little nest egg of digital collectibles.”
However during a podcast, Rogers confides to the hosts his certainty about the digital collection of Arnault.
Thinking different from his father, Arnault’s sons are tech-lovers. As they have shown their greater interest towards technology. As, “Alexandre Arnault once boasted a jewel-laden Cryptopunk Tiffany pendant and brother Frederic Arnault, CEO of Tag Heuer, showed off his enthusiasm for Web3 tech with NFT display functionality on the luxury watch brand.”
OpenSea NFT Data
According to the data sourced from OpenSea, Bernard Arnault’s name has 3-NFT collections and 301 items on its platform. There is no clear proof available about the actual collection of Arnault’s NFTs. At present, Notable Pepes, BEANZ Official, and Nakamigos are top-3 NFT collections.
According to a Reuters report, the insider trading case of OpenSea goes to Jury. The former product manager of OpenSea, Nate Chastain used anonymous accounts and traded NFTs with it. Over which, the prosecutors said his doing “was a clear indication that he was up to no good.” It is said that the decision of the Jury related to this case could “significantly impact the NFT industry.” Meanwhile, the reputation of OpenSea may also get affected.
On May 1st, during the trial’s closing argument, prosecutor Thomas Burnett charged Chastain, showing his greed. As the prosecutor said the former OpenSea product manager already knew that he was meant to showcase NFTs on the website designed to profit the firm, not himself. He further said, Chastain tried to pull a fast one by using anonymous accounts to trade NFTs. It clearly shows that he already knew that his actions were shady.
Moreover, if Chastain ever thought about his actions that were above board, then he could have easily used his regular accounts. But he tried to throw people off the scent, as the lawyer said. Still, some at OpenSea have rallied to his defense.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
