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The GaryVee Audio Experience

10 Minutes on Why NFTs Are a Big Deal and How They Will Change the Internet

The GaryVee Audio Experience

Gary Vaynerchuk

Business, Marketing, Entrepreneurship

4.818.1K Ratings

🗓️ 3 August 2021

⏱️ 12 minutes

🧾️ Download transcript

Summary

Today's episode is a classic segment of GaryVeeTV! Non-fungible tokens are becoming a rising interest for many people. I recently went on the "Origin Stories" podcast with Roger Dickerman to talk about my interest in the space and why he I think it is an evolution of the internet. Here are the 10 minutes of the best takeaways from their conversation.

Enjoy! Let me know what you thought.


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Checkout my new co-hosted podcast with DraftKing’s founder--Matt Kalish on all things sports, business, and alternative investing: https://linktr.ee/propsanddropspod

Transcript

Click on a timestamp to play from that location

0:00.0

This is the Gary V. Audio Experience.

0:05.0

One of the reasons so many artists are not going to be quote unquote

0:09.0

starving is because of a secondary market.

0:12.0

And what is remarkable, I mean, literally,

0:15.0

see this is starting to form getting a couple little goosebumps here.

0:19.0

You know, the fact that the artists can continue to get royalties.

0:25.0

It's a revolution.

0:26.0

It's a revolution, Roger.

0:28.0

I mean, like, my God, you know, I could super understand the artists of the past

0:33.0

who would be super sad.

0:34.0

They would make a painting, the gallery they had a deal on would pay them a certain amount.

0:38.0

And they wake up 11 years later and think so and for $11 million and they got $8,000.

0:43.0

I mean, my God.

0:46.0

Now, no matter how many open-sea transactions there are and beyond,

0:50.0

it's always that 10-ish percent that's going back to the creator.

0:53.0

I can't get over it.

0:54.0

I don't know what else to tell you.

0:55.0

Like to me, this is the greatest thing.

0:57.0

So anyway, to origin story, like, that was who I was.

1:01.0

It's not just for me.

1:02.0

I did really well invest in a lot of companies built a large marketing company,

1:05.0

have built a big content platform.

...

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