excerpt from an interview by Marc Bain, fashion reporter at Quartz, with Scott Cutler, CEO of StockX.
“Quartz: Does stock X have any plans around NFTs?
Scott Cutler: We think about it in a number of different ways. One of those experiences could be for a buyer that might choose to purchase a product but never possess it, in which case we could hold that in inventory. On the other hand, sellers could actually place items into our warehouse and we could provide for instantaneous shipping of that item. We actually conceived from the very beginning of the idea that either fractionals or a digital representation of the underlying physical asset is the way many people like to trade. So certainly as commodities and these products trade more like financial instruments, it’s a huge opportunity for consumers and investors.”
