The GaryVee Audio Experience For Anyone Who Still Thinks NFTs are a Scam... Listen to This
Jun 29, 2022
Dive into the transformative world of NFTs, where mundane transactions like coffee loyalty programs are reimagined. Explore the potential for artists to benefit from new ownership models and revolutionized compensation. Discover the parallels between today's NFT landscape and the early days of the internet, with emerging opportunities for creators. Unpack the shift from traditional investing to decentralized models and how platforms like TikTok are reshaping talent dynamics. Finally, reflect on NFTs' deeper societal implications beyond mere hype.
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Coffee Shop NFTs
- Gary Vee explains how a coffee shop's loyalty program could evolve using NFTs.
- An inner-city artist designs the NFT, potentially gaining future value for the shop and artist.
NFTs: Beyond Efficiency
- NFTs offer possibilities beyond efficiency, like embedding provenance directly into art.
- This allows artists to receive a cut of the secondary market, unlike traditional art sales.
Musician Funding with NFTs
- Daniel Pink describes how artists currently get a small cut after paying back labels and banks.
- He envisions a future where artists use NFTs to give fans a share of future earnings.