The GaryVee Audio Experience Why The NFT Community Should be More Honest About Why Sell NFTs
Nov 16, 2021
Matt Kalish, co-founder of DraftKings and a savvy voice in sports and alternative investing, joins the conversation to confront the NFT community's honesty about motivations. He emphasizes that while many claim to value art or community, the core driving force is often profit. The discussion navigates the complexities of market volatility, the importance of authenticity, and the unique challenges and opportunities within diverse NFT projects. Kalish also highlights the need for patience and self-awareness as investors explore this unpredictable landscape.
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Hidden NFT Motives
- The NFT community often disguises financial motivations with talk of art and decentralization.
- Gary Vee observes that most participants are primarily interested in profits, which is acceptable but should be acknowledged honestly.
Managing Expectations
- Temper unrealistic expectations, as the current market's rapid gains aren't sustainable.
- Acknowledge that losses are normal in any investment market and focus on community aspects.
Fake it Till You Make It
- Gary Vee recounts an interaction with someone pitching an NFT project based on false pretenses.
- The pitcher eventually revealed their true motivation: helping their parents with debt.