Entrepreneur Gary Vaynerchuk's V Friends NFT collection has generated $93 million in sales and is valued over $500 million. Vaynerchuk has made an estimated $10-$30 million from the project and continues to be a prominent figure in the crypto industry.
The ease of making an NFT store could be the biggest opportunity in NFTs, allowing more people to participate. Currently, only around 5000 users are creating NFT stores, leaving room for growth and innovation.
The trading card and NFT markets are closely tied and there are even companies working on incorporating physical trading cards with digital ownership. The speaker was introduced to Kenneth, a CEO currently involved in the trading card market and NFTs through a friend involved in venture capitalism.
The podcast discusses how the founder of OpenAI, who sold his previous company for less than they raised, created Dali and GPT-3, which are now considered the most magical technical experiences to date.
In this podcast episode, a venture capitalist discusses the difficulties of valuing startups and how it can be affected by the category the startup is in, as well as the founder's mindset.
This podcast discusses how the price of NFTs can vary greatly and how some collectors approach NFTs as a long-term investment. It touches on the potential profitability of releasing NFTs as an A-list celebrity.