The GaryVee Audio Experience All Things NFTs, Early Internet, Accountability and More | FLAGRANT Podcast
Jun 25, 2022
Dive into the wild world of NFTs, exploring whether they're cutting-edge or just a fad. Discover how blockchain technology could potentially revolutionize access to essential resources, even in developing nations. Reflect on how perceptions of online dating have transformed since the early internet days. The conversation takes a turn into the impact of fear on our society, contrasting negative behavior with positivity. Finally, debate the intricacies of value in fashion and the digital space, emphasizing the need for education in this evolving landscape.
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NFTs and Hucksters
- NFTs aren't inherently BS, but new tech creates opportunities for hucksters.
- Many NFT creators genuinely believe in their projects, even if they are not valuable.
Bottled Water Analogy
- Gary Vaynerchuk compares NFTs to bottled water, initially ridiculed but now ubiquitous.
- He highlights how seemingly absurd ideas can become successful businesses.
Internet vs. Blockchain
- People misunderstand NFTs because they apply internet thinking to blockchain.
- True ownership is enabled by decentralized blockchain, unlike centralized internet.