The GaryVee Audio Experience GaryVee and Mark Cuban on How History Has Already Proven That NFTs Are Here To Stay
Dec 20, 2021
Gary Vaynerchuk and Mark Cuban dive into the parallels between NFTs and the early internet boom, discussing how innovation often meets skepticism at first. They spotlight the transformative potential of digital assets and blockchain in reshaping businesses. The conversation shifts to NFTs in ticketing, exploring how they could enhance attendee experiences, while also tackling the challenges ahead. Insights on adapting to this emerging landscape and what future winners and losers might look like round out their engaging discussion.
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NFTs and the Internet's Macro Impact
- The macro NFT market is much larger than people realize, mirroring the early internet.
- It represents the digitalization of assets we use to communicate, like the internet's impact.
Credit Card Analogy for NFTs
- Gary Vaynerchuk notes people's fear of online credit card use mirrored current NFT hesitancy.
- His dad's liquor store customers feared online wine purchases, just as some fear NFTs now.
NFTs as Tickets
- Mark Cuban envisions issuing NFTs after ticket purchase via platforms like Ticketmaster.
- This adds value and aims to integrate NFTs closer to the initial ticket buying process.