Advanced Auction Technology: NFTs & the MetaverseView video recording at the bottom of the page.
Speaker: Joff Van Reenen, CAI, AARE
Just like many industries, the future of auctions lies in technology. Auctioneers have always been shaped by change, but never in our history have we faced a tsunami like this century’s technological revolution with opportunities such as NFTs, tokenization, virtual real estate and fintech. Right now, we are auctioning off commodities that don’t even exist! In this session, learn how to collectively work to leverage maximum market share from this changing economy, why you should migrate to digital business and how to do it, what the industry will look like a decade from now, and what your auction company may need to change in your business model to remain relevant.
Upon completing this session, you will be able to:
- Modify your auction business in order to enhance your digital progress
- Infer what’s coming in the near future to integrate your past experience for the benefit of your future
- Apply knowledge of auctioneering technology to survive in a very exciting future
- Identify trends for future auctioneers
Community of Practice: General Interest