Episode
#209 with Gary Vaynerchuk - Why NFTS Are the Future
53:37
Published: Fri Aug 13 2021
Description
In this episode Gary Vaynerchuk (@garyvee) joins Sam (@theSamParr) and Shaan (@ShaanVP) to give a master class on NFTs. Gary shares his predictions on the future of NFTs and how they'll be (eventually) used by everyone. He also talks about the growth of VaynerX, his love of garage sales, and the launch of VeeFriends & VeeCon. At the end, he shares the biggest lesson he learned from passing on investing in Uber (twice). --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: https://refer.fm/million * Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas. --------- Show notes: * (0:58) Intro * (5:14) The headcount growth of VaynerX * (11:44) On Shaan's Clubhouse prediction * (13:39) Gary's conviction to the game * (17:44) Shaan's first foray into NFTs * (19:53) Gary's prediction on the future of NFTs * (23:24) Revisiting the purchase of Michael Jordan's house * (28:03) The story of the Spirits of St. Louis * (29:21) The what, not the how, for NFTs * (32:53) VeeFriends and VeeCon * (39:24) On Gary's master plan to buy and grow existing brands * (43:28) How Gary thinks about creating content * (45:52) Putting wins on the board * (47:28) Missing on Uber
Chapters
The podcast features a discussion about lessons learned from the dot com boom, the importance of business entertainment and an explanation about NFTs.
00:00 - 05:47 (05:47)
Summary
The podcast features a discussion about lessons learned from the dot com boom, the importance of business entertainment and an explanation about NFTs. The speaker also warns against making big mistakes with NFTs.
Episode#209 with Gary Vaynerchuk - Why NFTS Are the Future
PodcastMy First Million
The hosts discuss the challenges of managing a business as it grows, particularly when it comes to outpacing normality and the vulnerability that comes with rapid success.
05:47 - 14:33 (08:46)
Summary
The hosts discuss the challenges of managing a business as it grows, particularly when it comes to outpacing normality and the vulnerability that comes with rapid success.
Episode#209 with Gary Vaynerchuk - Why NFTS Are the Future
PodcastMy First Million
The host talks about his addiction to both NFTs and garage sales, as well as the excitement and potential of NFTs as more than just collectibles or art.
14:33 - 23:38 (09:04)
Summary
The host talks about his addiction to both NFTs and garage sales, as well as the excitement and potential of NFTs as more than just collectibles or art.
Episode#209 with Gary Vaynerchuk - Why NFTS Are the Future
PodcastMy First Million
Gary Vaynerchuk discusses the potential of NFTs and compares them to the fashion industry and the cultural impact it can have.
23:38 - 36:44 (13:06)
Summary
Gary Vaynerchuk discusses the potential of NFTs and compares them to the fashion industry and the cultural impact it can have. He also shares his idea of crowdfunding $10 million to buy Michael Jordan's house through NFTs or on Rally Road.
Episode#209 with Gary Vaynerchuk - Why NFTS Are the Future
PodcastMy First Million
In this episode, the speaker shares his thoughts on the future of wallets and how it's going to be a new type of profile that can be used as a place to learn about someone in a real way.
36:44 - 48:43 (11:59)
Summary
In this episode, the speaker shares his thoughts on the future of wallets and how it's going to be a new type of profile that can be used as a place to learn about someone in a real way. He also talks about his plans for creating v friends and his motivation for doing so.
Episode#209 with Gary Vaynerchuk - Why NFTS Are the Future
PodcastMy First Million
The host discusses the energy of entrepreneurship and the importance of the grind.
48:43 - 52:30 (03:46)
Summary
The host discusses the energy of entrepreneurship and the importance of the grind. He also reflects on his own journey and how he played conservatively until age 35.