Yale ReiSoleil, Jr., the co-founder and chief technology officer of Untrading, recently discussed the future of finance and blockchain technology in an exclusive interview with crypto.news.
At the age of 16, ReiSoleil established Untrading, a platform for trading non-fungible tokens (NFTs) and cryptocurrencies, where users can receive future rewards for their sold assets. This innovative feature is made possible through a technology known as ERC-5173 — NFT Future Rewards (nFR), which he helped create.
ReiSoleil’s passion for coding and development began with his love for video games. He enjoyed finding loopholes to progress faster or unlock hidden features in the games he played.
In the interview with the 17-year-old CTO of Untrading, he addresses the recent market correction in major NFT collections, emphasizing that this adjustment does not signify the end of NFTs as a technology or asset class. He explains that while some NFT collections have experienced a significant drop due to speculative hype, the true potential of NFTs lies in their ability to merge virtual and real-world assets, offering tangible benefits, real-world applications, and long-term value.
Looking ahead to 2030, ReiSoleil envisions significant advancements in blockchain technology, particularly in improving user experience and accessibility. He emphasizes the importance of simplifying the complexities associated with blockchain to encourage mass adoption, highlighting the need for easier onboarding processes and user-friendly interfaces. ReiSoleil believes that enhancing user control over their keys and funds through technologies like Externally Owned Accounts (EOAs) and Account Abstraction will drive increased usage and innovation in the blockchain space.
Overall, while the recent market fluctuations in NFT collections may seem concerning, ReiSoleil remains optimistic about the future of blockchain technology and its potential to reshape asset ownership and value creation in both virtual and real-world environments.