- Raoul Pal, former hedge fund manager at Goldman Sachs spoke to Insider about the outlook for the crypto industry.
- He said social, or community, tokens have the potential to “disrupt businesses’ like Disney.
- He said his RealVision firm will launch a community token within the next year.
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Social, or community, tokens are going to be the next big development in the crypto market and have the power to disrupt all kinds of traditional industries, according to RealVision CEO Raoul Pal.
Pal, who used to run hedge fund sales at Goldman Sachs, before retiring at 36 and devoting himself to other investments, told Insider in an interview he’s so sure social tokens will boom that his company is planning to launch one over the next year.
Community tokens are a form of cryptocurrency that are linked to a company, an organization or even a person. The idea is the holders of that token will get perks from the issuer, such as exclusive content, access to group chats, or digital merchandise.
“It’s the biggest thing I’ve ever seen, we all know how big crypto is, but within crypto, community tokens are going to change all business models,” Pal said.
“When you realise that tokenizing things changes the equation – it will not be long before Disney tokenize, because