The GaryVee Audio Experience The Accountability of NFT investing | Web3 Breakdowns Podcast
Jun 4, 2022
Gary Vaynerchuk, a dynamic entrepreneur and content creator, dives into the world of NFTs, calling them 'the next level' for digital ownership. He emphasizes the importance of long-term thinking in NFT investments, contrasting it with the short-term mentality prevalent in many investors. Discussion topics include his experiences with criticism, the role of VaynerMedia in successful campaigns, and the economic nuances of NFTs. Vaynerchuk also reflects on balancing authenticity in personal branding while exploring the future potential of his projects.
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NFTs as the Next Level
- NFTs are the next level because they build upon the existing widespread adoption of the internet and social media.
- This combination amplifies the potential of NFTs, making them a significant technological advancement.
Long-Term Vision in NFTs
- Focusing on long-term value in NFTs, like the internet, is key, despite short-term market fluctuations.
- Most NFT projects may fail, but the technology itself will prevail, similar to the dot-com bubble.
Approach to NFT Investing
- Day trading in the current NFT market is not advisable due to its volatile nature.
- Focus on projects you believe in long-term rather than short-term price fluctuations.