Naval: Off-chain assets, even when wrapped on-chain, can at most gain only minimal accounting convenience

Famous Silicon Valley angel investor Naval Ravikant posted on X about the viewpoint of "wrapping assets like real estate and stocks on Zcash," stating, "Only owning digital, on-chain assets truly matters. Off-chain assets, even if wrapped on-chain, can at most gain some minor tracking or accounting convenience, and that's it."

Naval is a well-known angel investor in Silicon Valley, having invested in prominent tech companies like Twitter and Uber. He is also a successful entrepreneur, having founded the equity crowdfunding platform AngelList, and is the author of the famous book "The Almanack of Naval Ravikant."