Stop Fantasizing About Yesterday and Focus on The Technologies of NOW

The GaryVee Audio Experience

Gary Vaynerchuk

Business, Marketing, Entrepreneurship

4.8 • 18.1K Ratings

🗓️ 2 September 2022

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's episode of the GaryVee Audio Experience is a best moments of the Digital Ascendant Fireside Chat I did recently! We discussed why we should care about the current NFT space, building a brand, why people struggle with the concept of Web 3, the difference between cryptocurrency and NFTs, why I want you to do your 50 hours of homework on NFTs, and how NFTs are more stable than the currency.

Enjoy! Let me know what you thought.

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Transcript

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0:00.0	This is the Gary V. Audio Experience.
0:05.0	NFT and the Metaverse.
0:07.0	Talk about it today.
0:09.0	It's in the press.
0:10.0	Adnosium, German.
0:11.0	Give us the truth.
0:12.0	What's going on?
0:13.0	Why should we care?
0:15.0	I think we should care because we should care about what consumers are doing.
0:20.0	I think we should care because the consumer blockchain is the biggest technology shift in our society
0:26.0	since the internet.
0:29.0	I think we should care because looking around this room, most of us were professionals
0:33.0	or starting our professional careers when the internet was doing the exact same thing.
0:37.0	The Wall Street Journal ran the same article about the internet and said it was a fad
0:41.0	when Wall Street stock prices collapsed in March of 2000.
0:45.0	They are down 92% from the Gold Rush greed insanity, bad behavior of September.
0:51.0	But they are up dramatically from a year ago.
0:58.0	Billions of dollars of NFTs were bought in that 92% decline.
1:03.0	And most of all, we should care because the smart contract and utility of digital ownership
1:08.0	will impact consumer behavior in a substantial way.
1:12.0	My career has been pretty much predicated on Web 1, Web 2, and Web 3.
1:16.0	Web 1 I used to build my dad's wine store.
	...

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