The GaryVee Audio Experience Spotify Wrapped Says This Was My Most Listened to Podcast of 2022 | 20 Minute NFT Crash Course
Dec 2, 2022
Dive into the exciting world of NFTs with a crash course on their high-risk landscape. Discover how they mirror video game purchases and what the future holds for digital ownership. The conversation highlights the importance of community building and storytelling in monetizing art. You'll learn about the pitfalls of current NFT projects and why thoughtful investment is crucial. Perfect for anyone curious about navigating this volatile market!
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NFT Investment Risks
- Be cautious when investing in NFTs, platforms, or startups related to them.
- These are all high-risk investments, especially in the short term due to the market's early stage and potential bubble.
NFT Market Bubble
- Most current NFT projects (98%) will likely not yield significant returns.
- This is due to an anticipated bubble caused by oversupply and limited demand.
NFTs as Social Currency
- NFTs provide virtual ownership and social status.
- This is similar to buying skins in video games for utility or showing off.