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Benzinga
Benzinga
Business
Madhukumar Warrier

Jack Dorsey Says NFTs Are The 'Wrong Answer' To Sort Of The 'Right Question'

Jack Dorsey NFT NYSE Block Twitter Inc.

Twitter Inc. (NYSE:TWTR) co-founder and Block Inc. (NYSE:SQ) CEO Jack Dorsey said that while non fungible tokens (NFTs) are trying to empower music artists, they are the “wrong answer” as they are not built on the best foundation.

What Happened: “The format that is interesting, this is where I think the spirit of NFTs, there’s something. It’s the right question to ask, we currently have the wrong answers,” Dorsey said during an interview with MicroStrategy Inc. (NASDAQ:MSTR) CEO Michael Saylor at the “Bitcoin for Corporations 2022” conference on Tuesday.

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