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

On November 6, well-known Silicon Valley angel investor Naval Ravikant posted on X about the perspective of “wrapping assets like real estate and stocks on Zcash,” stating, “Only owning digital, on-chain assets truly makes sense. Off-chain assets, even if wrapped on-chain, can at most gain some minor tracking or accounting convenience, that's all.” Naval is a well-known angel investor in Silicon Valley, having invested in notable tech companies like Twitter and Uber, and he is also a successful entrepreneur who founded the equity crowdfunding platform AngelList. He has published the well-known book “The Naval Handbook.”