Why I Want You to do Your 50 Hours of Homework on NFTs...

The GaryVee Audio Experience

Gary Vaynerchuk

Business, Marketing, Entrepreneurship

4.8 • 18.1K Ratings

🗓️ 3 June 2022

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's episode is a very insightful conversation I did on the Digital Ascendant Fireside Chat! 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	Round 1, NFT and the Metaverse.
0:08.0	We talked about it today.
0:10.0	It's in the press ad nauseam.
0:12.0	And recent just raised a new round, a new fund for 4.5 billion today.
0:18.0	Because they believe they're entering the golden era of a WebPri.
0:23.0	At the same time, the journal had a lot of coal.
0:26.0	And just a week or two ago, that said that NFT transactions were down 92% from last September.
0:34.0	There's all kinds of noise.
0:36.0	Gentlemen, give us the truth.
0:38.0	What's going on?
0:39.0	Why should we care?
0:41.0	I'm going to go first.
0:43.0	I think we should care because we should care about what consumers are doing.
0:48.0	I think we should care because the consumer blockchain is the biggest technology shift in our society
0:54.0	since the internet.
0:56.0	I think we should care because looking around this room, most of us were professionals
1:00.0	or starting our professional careers when the internet was doing the exact same thing.
1:04.0	The Wall Street Journal ran the same article about the internet and said it was a fad
1:08.0	when Wall Street stock prices collapsed in March of 2000.
1:12.0	They are down 92% from the Gold Rush greed insanity, bad behavior of September.
1:19.0	I caught you, brother.
	...

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