Oh Tae-rim, CEO of Gluwa, "NFT should grow to a level that can be…
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Oh Tae-rim, CEO of Gluwa, a blockchain-based fintech company, analyzed that in order for the irreplaceable token (NFT) market to grow to the level of the traditional financial (TradFi) market, the scope of use should be expanded to the extent that loans and collateral can be set based on NFT ownership.
CEO Oh made the remarks at the Korea Blockchain Week (KBW 2022) held at the Grand InterContinental Seoul Parnas Hotel on the 8th, participating in a panel talk on the theme of "Popularization of Existing Finance including Crypto and NFT."
Crypto popularization is completed when virtual assets (cryptocurrency) become 'default' (default) in people's lives, he said. "To bring financial consumers to the virtual asset and decentralized financial (DeFi) market beyond traditional finance, blockchain fintech companies must definitely give them access to web 3.0 finance."
From the user's point of view, we do not feel the need to access web 3.0 finance such as Crypto when it becomes everything in traditional finance, he said. "It is important to secure utilities in addition to compliance (compliance) and usability (ease of use)."
Meanwhile, CEO Oh stressed that the company can provide a high level of security to users who are reluctant to use virtual asset wallets due to security risks. He explained, "Gluwa provides 'options' to set the intensity of security," and "Non-consigned virtual asset wallets allow customers to choose how much security they want."
Gluwa is headquartered in Silicon Valley, USA, and operates a blockchain credit record network "Credit Coin" (CTC), and has launched a global investment platform that connects investors and financial outsiders. In May, investors in advanced countries put on the market a "Rotary Account" product that gives 4% interest per year by lottery if they deposit virtual assets in a non-table wallet with Glue.
In addition to CEO Oh, general partners of Eric Wang's blockchain hedge fund "ROK Capital", CEO of Archie Ravishankar fintech startup "Cogni", and co-founders of Nabil Charania Web3.0 key investment management company "Meta Capital" participated in the panel talk.
