Why NFT Technology is STILL Winning in the Bear Market | Props and Drops Ep. 28
The GaryVee Audio Experience
Gary Vaynerchuk
4.8 • 18.1K Ratings
🗓️ 21 October 2022
⏱️ 16 minutes
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Summary
Today's episode of the GaryVee Audio Experience is a segment from another show I do with Matt Kalish the founder of Draft Kings, Props and Drops! In this episode we're joined by founder of the NFT project SupDucks, Stronk! We talk about why NFT technology is still winning in the bear market, what surprised up most in the last 100 days in the NFT market, why there's momentum in the NFT industry right now and much more!
Enjoy! Let me know what you thought!
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Transcript
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| 0:00.0 | Hey everyone, welcome or welcome back to the GaryVee audio experience. We have an awesome |
| 0:05.2 | episode for you today, but we just want to remind you before the episode starts that if you're |
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| 0:29.5 | things V friends and we hope you enjoyed this episode. This is the GaryVee audio experience. |
| 0:38.8 | Uh, you know, and I know a lot of folks don't particularly enjoy when the market's more in a |
| 0:43.2 | bear face, but honestly, now from my perspective, I think some of the more interesting things get |
| 0:48.5 | developed happened during this time. And you know, it's probably going to still be a few cycles |
| 0:54.0 | before blockchain technologies. You know, ubiquitous in our daily lives. And so, you know, this |
| 1:00.7 | opportunity gives us space to put our heads down and innovate. And then eventually when the |
| 1:07.7 | excitement comes, that's also positive because some developers that hadn't considered blockchain |
| 1:13.3 | made do so at that time and brings a whole new talent pool. So I personally kind of enjoy this |
| 1:19.3 | cycle. You know, and I love people don't, but that's my take on it. Yes, Sean, I think that's a really |
| 1:24.7 | good observation. I think you look at internet 2000, 2004. So many of the rails pun intended, |
| 1:32.8 | you know, were created during that time. I remember thinking about Friendster and I was like, |
| 1:36.8 | oh, this is different. We're like blogger. You know, think about what Friendster and blogger |
| 1:42.2 | and flicker and delicious and slash dot and metafilter that led to dig that led to reddit. Like |
| 1:50.7 | what we trade on culturally today on the internet, those things happen in the down cycle of |
| 1:58.7 | internet stock valuations. We're in a down cycle of NFT valuations. But that doesn't mean |
| 2:05.2 | blockchain technology isn't rearing behind the scenes. I mean, for work. So I think that take |
| 2:10.8 | is right. And it's to your point, it's painful for the people that overextended themselves. |
... |
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