The GaryVee Audio Experience Why NFT Technology is STILL Winning in the Bear Market | Props and Drops Ep. 28
Oct 21, 2022
Dive into the vibrant world of NFTs as the discussion highlights why they're thriving even during a bear market. Discover the unexpected community engagement and lively conversations happening in spaces like Discord. Explore the balance between skepticism and opportunities in a market facing fatigue, alongside the exciting upcoming Sly Crocs NFT drop that promises unique contests and artistic flair. Unpack the blend of practicality and art in collectibles, revealing the true motivations behind NFT purchases.
AI Snips
Chapters
Transcript
Episode notes
Bear Market Innovation
- Bear markets offer a unique opportunity for innovation and development in blockchain technology.
- This period allows for focused work and attracts new talent when excitement returns.
Internet Bust Analogy
- Gary Vee compares the current NFT downturn to the internet bust of the early 2000s.
- He highlights how platforms like Friendster and Blogger paved the way for today's internet giants.
Community Building in Bear Markets
- Bear markets reveal the true supporters within a community as those driven by short-term gains disappear.
- This allows for stronger community bonds and richer interactions.