The GaryVee Audio Experience Why I’m Going to be Involved with NFT’s for the Rest of My Life
Mar 13, 2021
Gary Vaynerchuk, a prominent entrepreneur and investor known for his insights in the NFT space, shares his lasting commitment to NFTs. He discusses how this technology will reshape industries like real estate and music. The conversation highlights the fine balance between artistic value and commercial potential in NFTs. Vaynerchuk emphasizes the concept of provenance and the growing significance of social currency linked to digital collectibles. He expresses cautious optimism about the future of NFTs, indicating their role in fostering community engagement and cultural evolution.
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NFTs Are Here to Stay
- NFTs are not a fad and will be a permanent part of our lives, like the internet or social networks.
- They will impact various transactions, from art and collectibles to music, books, and even real estate.
Community is Key
- The key to NFT success lies in understanding community building, not just the technology.
- Focus on creating a long-term project with value for your community, not short-term gains.
The NFT Bubble
- While NFTs are a revolutionary technology, expect a significant bubble burst in the short term.
- Most projects will fail, but a few will thrive in the long run, similar to the dot-com bubble.