Why You Need to Play The Long Game with NFTs

The GaryVee Audio Experience

Gary Vaynerchuk

Business, Marketing, Entrepreneurship

4.8 • 18.1K Ratings

🗓️ 1 July 2022

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's episode is a great segment from the Residency podcast! We discussed all things NFTs including why everyone's doubts about NFTs and similar to their doubts about Web 2.0, the long tail being the most promising era for NFTs, why NFTs are in a gold rush phase right now and if you listen to the end you'll hear a fun story a company that Vaynermedia pitched to back in the day, that we wish we could re-pitch to. I know you'll love this one...

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	We have some NFT trigger words.
0:07.0	Yeah.
0:08.0	You know, community utility.
0:10.0	We spoke with AJ about it before.
0:12.0	You guys don't benefit or gain anything by doing a, you know,
0:16.0	a rug pole that I see so many people doing now just launching, you know,
0:19.0	flaming flamingos or cool digital art pieces and just getting that money.
0:22.0	You guys are kind of already established building a true community.
0:25.0	And I think it's never been more true.
0:27.0	And I've never believed it more.
0:30.0	I think you guys are just getting started.
0:32.0	Yeah, I mean, I keep reminding people like
0:34.0	with the level of economics I was making before NFTs.
0:38.0	Doing anything short term in NFT land would be the great mistake of my career.
0:42.0	Yeah.
0:43.0	I have so much to lose at this point.
0:44.0	I'm way too locked into this now.
0:46.0	Yeah.
0:47.0	And so I like that feeling.
0:48.0	I know I want to build something sustaining.
0:50.0	I've only ever wanted to build something sustaining.
	...

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