Scaramucci Anthony Says Ethereum Competitor Could Get Major Real-World Use Cases

Scaramucci Anthony, SkyBridge Capital founder notes one Ethereum competitor that will acquire complex use cases in the real world.

Furthermore, He notes while in an interview with Real Vision, stating the blockchain network Algorand (ALGO) is set to get breed of new consumer goods sector.

Additionally, Scaramucci explains,

“If you’re flying American or Delta, you’re accruing miles…”
“You may or may not be using them. They’re on Delta’s balance sheet marked as a liability…”
“And for whatever reason, you’re not using them, but you can’t unlock them.”
More so, Scaramucci adds,
“What if we created a coin that could take those miles out of your account in exchange…”
“for this coin? Then this coin had some universality to it…”
“where you could buy groceries, or you could buy something [else].”

Then, Scaramucci concludes,
“What would be the best blockchain to use for something like that?…”
“In my opinion, it would be Algorand.”

Recall, In September, SkyBridge teams up with the NAX trading platform in order to form new partnership (UNLOX).

Lastly, Scaramucci notes the new venture is to work with ALGO. At the same time, chase after investments in traditional financial services and also in art and other alternative assets.

More so, Scaramucci explains better.
“We’re identifying assets that have typically…”
“been locked, and we’re unlocking them. I said I want to raise a fund,..”
“an ALGO-based fund that participates…”
We’ve raised $100 million so far, capping the fund at $250 million.”

So, Scaramucci continues.
“I’ve got a Bitcoin [BTC] fund. I have an Ethereum [ETH] fund…”
“And we will soon have an ALGO fund. And I think those are three major blockchains,…”
“cryptocurrencies that are going to win and design the future.”
Then, Scaramucci concludes.