The Startup Ideas Podcast Why NFT's Won't Fail and How To Spot Winners with Gary Vaynerchuk
Jan 6, 2022
Gary Vaynerchuk, a serial entrepreneur and CEO of VaynerMedia, dives into the world of NFTs, sharing his strategic approach to spotting winning trends. He emphasizes the importance of thorough research and the potential for both success and failure in the NFT space. Vaynerchuk discusses how brands can thrive or stumble in this evolving market, predicting that only a few will succeed. He also highlights personal growth through self-awareness and engagement, inviting listeners to adapt and learn in the fast-paced landscape of Web3.
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Gary Vee's NFT Journey
- Gary Vaynerchuk's interest in NFTs stems from his lifelong passion for collecting and observing consumer trends.
- This, combined with early investments in Ethereum and witnessing the rise of NBA Top Shot and CryptoPunks, led him to create VFriends.
Deep Dive Research
- Dedicate time to research and fully immerse yourself in a topic.
- Explore various sources, including YouTube, Twitter, Discord, podcasts, and actively seek counterarguments to avoid echo chambers.
NFTs vs. NFT Projects
- NFTs as a technology are here to stay, similar to the internet in the 90s.
- However, individual NFT projects are volatile, and many will likely fail due to overvaluation and market saturation.