The GaryVee Audio Experience What The Future of NFT Collectibles Hold | Meeting With ETHGlobal
Mar 28, 2021
An intriguing conversation unfolds as the hosts explore the transformative power of NFTs, especially in the collectibles market. They draw parallels between NFTs and trading cards while emphasizing evolving ownership dynamics. Personal experiences during the pandemic highlight newfound opportunities and the significance of building authentic communities. The discussion also touches on the role of smart contracts in enhancing real-world experiences, alongside the challenges and potentials future investors may face in this rapidly growing digital landscape.
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Episode notes
Garage Sale Insights
- Gary Vaynerchuk's background in trading sports cards and garage sales informs his NFT perspective.
- He connects garage sale hunting, nostalgia, and the potential secondary market value of seemingly ordinary items to the future of NFTs.
Tokenized Experiences
- NFTs representing smart contracts, like festival tokens, will have a thriving secondary market.
- This market will incentivize creators to prioritize their audience and build better experiences.
Beware Quick Profits
- Beware of short-term, transactional NFT projects that prioritize quick profits over community building.
- These projects may harm creators' brands in the long run due to overpaying and lack of long-term value.