The GaryVee Audio Experience What You Need To Keep In Mind Before Buying NFTs | Build In Public Interview
Jun 7, 2021
In this engaging conversation, KP, the host of the Build In Public podcast, interviews Gary Vaynerchuk, a pioneer in the NFT space and founder of VeeFriends. They delve into the origin story of VeeFriends and unveil the ups and downs of launching NFTs. Gary emphasizes the importance of authenticity, community engagement, and personal legacy in the digital landscape. He shares insights on the pitfalls NFT consumers should watch for and highlights how resilience and gratitude shape his motivation, blending business savvy with heartfelt storytelling.
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VeeFriends Genesis
- Gary Vaynerchuk's VeeFriends idea stemmed from his long-standing interest in collectibles, 80s cartoons, and character development.
- The "aha" moment came when he realized NFTs were taking off, leading him to create a project like his previous ventures with Wine Library TV and WineLibrary.com.
NFT Market Predictions
- Gary Vaynerchuk predicts that most NFT projects will likely fail, similar to the dot-com bubble.
- However, he sees potential for substantial gains in some projects, urging experimentation.
NFT Experimentation
- Every business, influencer, or podcaster should explore NFTs as a marketing tool and asset.
- Start small, learn the process, and consider offering NFTs at a lower price point for experimentation.