Business Tips: The NFT Bubble: Why 97% of All NFT Art Right Now Is a Bad Investment | "The Outer Realm" Podcast
Business Tips: The NFT Bubble: Why 97% of All NFT Art Right Now Is a Bad Investment | "The Outer Realm" Podcast
Awesome Tip: The NFT Bubble: Why 97% of All NFT Art Right Now Is a Bad Investment | "The Outer Realm" Podcast
There is no doubt in my mind that non-fungible tokens will be a part of our lives for a long time. The problem right now is because it is such a new concept for many, people are rushing in and making large investments without doing the proper research and education. Today’s episode is an interview that I did on the podcast “The Outer Realm“ hosted by Eric Paul Rhodes. We talk about my macro overview of the NFT space, why I believe that I’m going to be involved in it for the rest of my life, and why I believe that 99% of current NFT projects won’t end up as remarkable investments. Enjoy! Let me know what you thought.
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Thanks for watching!
Check out another series on my channel:
Tea With GaryVee (Fan Q&A Series):
Overrated Underrated (Hot-takes on Culture):
Gary Vaynerchuk Original Films:
Trash Talk:
WeeklyVee:
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Gary Vaynerchuk is one of the world’s leading marketing experts, a New York Times bestselling author, and the chairman of VaynerX, a modern day communications company and the active CEO of VaynerMedia, a contemporary global creative and media agency built to drive business outcomes for their partners. He is a highly popular public speaker, and a prolific investor with investments in companies such as Facebook, Twitter, Tumblr, Venmo, Coinbase, Slack, and Uber. Gary is a board/advisory member of Bojangles’ Restaurants, MikMak, Pencils of Promise, and is a longtime Well Member of Charity:Water. He’s also an avid sports card investor and collector. He lives in New York City.
46 Replies to “Business Tips: The NFT Bubble: Why 97% of All NFT Art Right Now Is a Bad Investment | "The Outer Realm" Podcast”
stop investing in worthless nfts and you wont get caught in a bubble….why would anyone want a damn cat gif….but actual meaningful nfts will be around forever
Something really interesting what said on this interview and it was ignore by most. The NFT projects that will be successful in this space will be those with IP licenses. Why buy a collectible right now that will not hold its value or popularity in the feature, most of them might go down 90-99% in the next crash, but the ones that will survive are those with IPs. Hint: ECOMI and the VeVe app.
I don't really get NFTs?!… But I suppose it'll come with time. But as for now there's not enough talk about $EFX – if you're in #crypto and don't know about the Effect.AI project, I suggest you look it up!
Gary says live in the moment. It doesn't matter if it will be here long term. Milk the moment like I am. I am making good money on TKAT stock. NFT will be here and gone just like anything else. Milk it.
I've got a proposal for you, GaryVee. I will sell you one NFT for $450,000. This will finance me quitting my day job forever and creating some of the absolute most mind bending artwork the world has ever seen for the rest of my life. I will never create another NFT. Yours will have been the catalyst for my career.
NFT art For the most part is worthless just like the title says and yeah it is costing same amount of electricity to run one house for the day to do one transaction. And millions are being uploaded currently! It’s not worth the gas fees the current system charges!
Yu gi oh can make a comeback if they can execute this NFT opportunity really excited to see if it becomes a thing. Does anyone agree? anyone have any ideas on any partnerships?
A week ago you were telling me I should be digitizing all my art I started my art Journey during the pandemic had never done a single piece of art I have 300 abstract pieces of art some of them garbage some of them are amazing so you're telling me I've wasted my time trying to do this thank you maybe it doesn't make a difference to you but I'm poor so for me to go out and get the equipment I needed I had to go without food and now you're telling me and everybody else 97% should not be looked at as an investment or anyting do you know how much it hurts hunger pains for days I literally didn't eat for 4 days not to mention all the issues around that but I appreciate your honesty but you were so passionate one week ago and now I've lost 15 lb starved for almost 5 days 4 s** and giggles great credibility it's not like money they don't make more everyday like they do money once your credibility or respect is gone good luck getting it back
Great advice @gary vee even the internet is still a baby, in a few years all of this will be huge and inevitable, everything will run through the internet and crypto
been telling all my artist friends interested in NFTs to make their works as unique and timeless as possible. This art will be on the blockchain for as long as the blockchain exists. Gary, your advice and information has inspired me to fund my cartoon Quantum Soup using NFTs to raise funds for paying animators and writers for the show! I'm absorbing all this advice like a sponge with a Wacom tablet, thank you for shining light into this incredible space
its like anything thats new and hot don't jump in til the dust settles out. There isn't even an agreed upon standard bitcoin didnn't get there by starting yesterday. It set a standard and then the other coins came helped set a floor by being a limited amount, whats going to limit nft…
pokemon treasure hunts AR is coming and it will change everything.. Remember how viral pokemon VR became now put NFT's and real moneny gains from users that hunt around in real-life places
Gary vee your content is really a life changer I'm sending my comment from north Africa (libya) and that's how far your content Is impacting other people's lives keep all the good work I love you man.
46 Replies to “Business Tips: The NFT Bubble: Why 97% of All NFT Art Right Now Is a Bad Investment | "The Outer Realm" Podcast”
stop investing in worthless nfts and you wont get caught in a bubble….why would anyone want a damn cat gif….but actual meaningful nfts will be around forever
Veve app is going to be the Netflix of the NFT digital you collectibles space. Run on OMI token
im starting the pumpkin blueberry stock that is worth 4 million times the times its thought of & dreamt in
Remember when Bitcoin was just a bubble?
…Yeah
H
I'm already investing in IT happily… 🙂
More like 99.5%
Its like selling Cinderella’s shoe. Everybody would buy that and everybody would sell that.
Something really interesting what said on this interview and it was ignore by most. The NFT projects that will be successful in this space will be those with IP licenses. Why buy a collectible right now that will not hold its value or popularity in the feature, most of them might go down 90-99% in the next crash, but the ones that will survive are those with IPs. Hint: ECOMI and the VeVe app.
NFT is soo friking stupid
#billytoon
TransitNet is working on a title solution for digital assets.
I don't really get NFTs?!… But I suppose it'll come with time. But as for now there's not enough talk about $EFX – if you're in #crypto and don't know about the Effect.AI project, I suggest you look it up!
I went on opensea.io and buy “History-x” collectibles he’s the best
For artists, resale of their works gives them a royalty. (If the sale is over $1,000.) in Australia at least, but I think in USA as well.
Well it wil be there as long as criminals need to launder money
cardano bby
Would you buy a MTG NFT?
VEVE will absolutely dominate the space
We totally agree we just launched our NFT
<3
He said, “Koufax, Julian is coming with me.”
trying to understanding this… what's to stop someone from replicating your NFT?
Makeup Mogul Jeffree Star's Anticipated NFT Collection just launched today on Rarible! This could be huge!!
Gary says live in the moment. It doesn't matter if it will be here long term. Milk the moment like I am. I am making good money on TKAT stock. NFT will be here and gone just like anything else. Milk it.
Some of the reading and general information around this leads to these fees from the flux of ETH (I think). What's going on with the fees?
I've got a proposal for you, GaryVee. I will sell you one NFT for $450,000. This will finance me quitting my day job forever and creating some of the absolute most mind bending artwork the world has ever seen for the rest of my life. I will never create another NFT. Yours will have been the catalyst for my career.
I would like you to make a review about $EFX since lately they got all my attention with their uprising project @effectaix #crypto
Super saucy NFT at the moment on Rarible – @MelllowMadnessByEm
Maybe $EFX would be the best choice too look for. I've seen that it's a very well performing #crypto!!
Love your videos man, your #crypto thoughts are always spot on! What do you think about $EFX? I think it is a great project, with great fundamentals!
NFT art For the most part is worthless just like the title says and yeah it is costing same amount of electricity to run one house for the day to do one transaction. And millions are being uploaded currently! It’s not worth the gas fees the current system charges!
Yu gi oh can make a comeback if they can execute this NFT opportunity really excited to see if it becomes a thing. Does anyone agree? anyone have any ideas on any partnerships?
What do you think about $EFX? I've seen it perform very well on the #blockchain!
A week ago you were telling me I should be digitizing all my art I started my art Journey during the pandemic had never done a single piece of art I have 300 abstract pieces of art some of them garbage some of them are amazing so you're telling me I've wasted my time trying to do this thank you maybe it doesn't make a difference to you but I'm poor so for me to go out and get the equipment I needed I had to go without food and now you're telling me and everybody else 97% should not be looked at as an investment or anyting do you know how much it hurts hunger pains for days I literally didn't eat for 4 days not to mention all the issues around that but I appreciate your honesty but you were so passionate one week ago and now I've lost 15 lb starved for almost 5 days 4 s** and giggles great credibility it's not like money they don't make more everyday like they do money once your credibility or respect is gone good luck getting it back
Great advice @gary vee even the internet is still a baby, in a few years all of this will be huge and inevitable, everything will run through the internet and crypto
been telling all my artist friends interested in NFTs to make their works as unique and timeless as possible. This art will be on the blockchain for as long as the blockchain exists. Gary, your advice and information has inspired me to fund my cartoon Quantum Soup using NFTs to raise funds for paying animators and writers for the show! I'm absorbing all this advice like a sponge with a Wacom tablet, thank you for shining light into this incredible space
People will be kicking themselves in few weeks if they miss the opportunity to buy and invest in Bitcoin as it's retracing….BE WISE
There needs to be a jordan peterson x gary v conversation… that would be amazing!!!!
La manija que tengo con los NFTs no te la puedo explicar amiguito. BRANDING
I think nft will be very popular in 2021
its like anything thats new and hot don't jump in til the dust settles out. There isn't even an agreed upon standard bitcoin didnn't get there by starting yesterday. It set a standard and then the other coins came helped set a floor by being a limited amount, whats going to limit nft…
NBA Top Shots will be a winner
Thoughts on ECOMI? (OMI coin) have over 100 licenses already including DC, Batman, NFL
pokemon treasure hunts AR is coming and it will change everything.. Remember how viral pokemon VR became
now put NFT's and real moneny gains from users that hunt around in real-life places
Gary vee your content is really a life changer I'm sending my comment from north Africa (libya) and that's how far your content Is impacting other people's lives keep all the good work I love you man.