NFT statement from Paris Hilton

Paris Hilton, who has made extremely positive statements about NFTS, has also shown that she understands the potential applications of technology quite well.

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Paris Hilton, who has made extremely positive statements about NFTS, has also shown that she understands the potential applications of technology quite well.

IHilton reflected on what he learned by engaging in the NFT community on social media and working with NFT backers such as WhaleShark, Illestrater, Internet entrepreneur Kim Dotcom and Origin's founders in a blog post titled I'm excited about NFTS — you should be too.

Hilton, 40, has 16.9 million followers on Twitter and runs 19 different product lines. Hilton stated that:

"He sees NFTS as the future of the producing economy. They are using blockchain technology to allow manufacturers to increase the value of their business and share it with their fans in real time.”

Hilton argued that the era spent at home because of the pandemic exposed the importance of the digital world and NFTS. Hilton thinks NFTs are valuable, especially in the virtual reality space:

“I realized how effective NFTS can be in virtual worlds. Digital art, fashion and brands can appear in avatars in a virtual environment or be exchanged with other products. With NFTS, you can already buy virtual real estate.”

NFTS can also help the fashion industry with design and showcasing its products digitally, Hilton said. The pandemic makes it very difficult to organize a fashion show in the current situation.

Hilton thinks the NFTs are "democratizing art" because artists can connect directly with large audiences and buyers without galleries, distributors and agencies.

Finally, the potential application areas of the technology are extremely wide and could one day change our lives, Hilton said.

"Some of these practices may one day change our lives. What happens if we start using NFTS as collateral for physical items? Or as a way to buy and sell these things?”

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