World’s Richest Man, Bernard Arnault, Ventures into the NFT Realm

Share This Post

Once known for his scepticism towards technology, the world’s wealthiest man, Bernard Arnault, has changed his tune. With a net worth of $236.7 billion, the LVMH CEO now boasts an impressive collection of non-fungible tokens (NFTs).

Quick Takes:

  • Arnault’s NFT transition: From tech sceptic to avid collector, reflecting digital assets’ growing influence.
  • The family embraces tech: Arnault’s sons, Alexandre and Frederic, actively engage in tech innovations and NFTs.
  • OpenSea portfolio: Bernard Arnault owns 301 NFT items across three notable collections, highlighting his digital art and investment involvement.

The Bernard Arnault Family’s Growing Interest in Tech Innovations

Bernard Arnault’s newfound enthusiasm for technology appears to be a family affair. Both of his sons, Alexandre and Frederic Arnault, have expressed their passion for technological innovations. Alexandre was seen wearing a Cryptopunk Tiffany pendant adorned with jewels. Moreover, Frederic, as CEO of Tag Heuer, has embraced Web3 technology by incorporating NFT display functionality into the luxury watch brand.

OpenSea, a leading NFT marketplace, has data showing that Bernard Arnault is linked to three NFT collections and 301 items. The most notable collections include Notable Pepes, Nakamigos, and BEANZ Official. However, it is uncertain whether these collections are an exhaustive representation of Arnault’s digital assets.

OpenSea Insider Trading Scandal and Potential Impact

Recently, the NFT industry experienced turmoil due to allegations of insider trading involving Nate Chastain, OpenSea’s former product manager. Prosecutors accuse Chastain of using anonymous accounts to trade NFTs, claiming that this behaviour indicates malicious intent.

During closing arguments in the trial on May 1st, prosecutor Thomas Burnett charged Chastain with acting from a place of greed. Burnett asserted that Chastain deliberately broke company policy by trading NFTs for personal profit rather than for the company’s benefit.

Furthermore, he argued that if Chastain believed his actions were legitimate, he would not have used anonymous accounts to hide his identity. The jury is currently deliberating, and their verdict could significantly impact the NFT industry and OpenSea’s reputation. In conclusion, Bernard Arnault’s shift towards embracing technology and NFTs demonstrates the growing influence of digital assets in society.

Subscribe to the NFT Lately newsletter to receive news covering the latest NFT-related drops, releases, reviews and more.


Related Posts

Void 2122 to Unlock a New Era of Combat Card Gaming with NFTs

The pioneering force in the Web3 landscape, Void 2122,...

Magic Eden Adopts Solana’s Compressed NFTs

Magin Eden, the distinguished NFT marketplace, recently announced its... Returns With Surging NFT Trading Volumes, the decentralized social media app, has shown an...

CoinMarketCap and HELLO Labs to Premiere TV Series, Killer Whales

An official trailer for the Web3 television series 'Killer...

Machi Proposes 11M $APE Sends NFTs to Museums Worldwide

An intriguing week-long vote surrounding OG NFTs kick-started today! Machi Big Brother,...

Related Posts

The History of Bitcoin NFTs – A Step-by-Step Timeline

With recent hype surrounding Casey Rodarmor's release of open-source...

Top 10 NFT Marketplaces to Look Out For and Why

How numerous NFT marketplaces make hunting for digital collectibles...

CoinGecko vs CoinMarketCap: Which Is The Better Crypto Tracker?

CoinMarketCap and CoinGecko are two of the most popular...

The Ultimate Guide to NFT for Dummies [2022 Guide]

NFTs are collectible items that can represent digital content,...

Milady Maker NFT Review – A Virtual World of Minecraft

Milady Maker opens up the virtual world of Minecraft Milady...

Rolls Royce Introduces the Phantom Series With an Exclusive NFT Collection

Rolls Royce adds another milestone to the NFT universe...