# Why 98% Of NFT Projects Will Go To Zero

## Метаданные

- **Канал:** Gary Vaynerchuk
- **YouTube:** https://www.youtube.com/watch?v=BqIk40kPdqM
- **Дата:** 24.08.2021
- **Длительность:** 28:50
- **Просмотры:** 112,861
- **Источник:** https://ekstraktznaniy.ru/video/17510

## Описание

Today’s episode is an impromptu Q&A I did for the #Veefriends community. We discuss why it’s important to do 50 hours of research before investing in NFTs, the top three 3 #NFT projects I’m interested in, and why I think it’ll take more time than people think for NFT’s to go mainstream.
—
Thanks for watching!
Check out another series on my channel:
Tea With GaryVee (Fan Q&A Series): https://youtube.com/playlist?list=PLfA33-E9P7FBahSYlSAjOMGsuRPLMWWEO
Overrated Underrated (Hot-takes on Culture): https://youtu.be/TUSNSqA62uI
Gary Vaynerchuk Original Films: https://youtube.com/playlist?list=PLfA33-E9P7FAvnrOcgy4MvIcCXxoyjuku
Trash Talk: https://youtube.com/playlist?list=PLfA33-E9P7FDelN4bXFgtJuczC9HHmm2-
WeeklyVee: https://youtube.com/playlist?list=PLfA33-E9P7FBPjdQcF6uedz9fdk8XKn-b
— 
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 co

## Транскрипт

### Intro []

play with a bag that you can afford to go to zero because when you're in it for the education not stressing that you have to make a flip because that [ __ ] everyone up you've got your perspective i just want to be happy don't you

### Interview [0:23]

hey what's up gary i'm well brother good to see you too man you too thanks a lot yeah i know uh you mentioned in the crypto striker's discord maybe you wanted to talk a little bit about strikers so i'm sure there's a lot of people from the community here but uh i'm super down to just chat about it real quick and yeah i love soccer so you know me it's like the perfect project when i found it i was like so psyched i love that yeah i'm just doing q and a brother i don't necessarily have any questions i've spent [ __ ] 150 hours studying so no and then in that case i got a question for you so um like with crypto strikers like obviously there's not that much supply of it right now people are still you know rapping and having more supply like do you think that like for you it's obviously a long term play and everything um but is there any type of crypto strikers how do you decide what you're buying over there because like i know that you know a lot about sports but are you do you have any little thesis that may be up your sleeve that you think people are overlooking on crypto strikers or in general when you look at a project

### Projects [1:28]

in general i always look at math and i always make subjective calls on art right or culture and so it's always a mix i think some people go too far in one direction or the other right like oh this says bubble gum but 80 have bubble gum and then that's maybe not as good in this situation so i do a lot of math and art analyzation i think with things like sports you can't really play the same way you play crypto punks or things where their subjectivity like mumbai is gonna be better than uh eriksen and messi's you know chico hernandez but like but there's still going to be people that are going to be interested in it i think a lot of people are making a big to-do that a lot of the tokens haven't hit the open c yet my favorite thing about the blockchain is i know there's slightly over 10 000 tokens i know that there's you know two you know 13 messy iconics or whatever the number is like the math is there and so i think i do think people fomo into products too much in projects like you know i think um i think people have to be thoughtful about that but i'm incredibly interested and i've been saying this over and i'm sure a lot of you have seen this and feel free to say i've seen it or had not heard on the screen like i believe that we're now in the summer of projects like there are way too many projects coming out every day and so while this is happening while i still want to get my fix as a collector and as a learner i'm spending more time looking back at 2017 18 and 19 and finding og projects a because i like learning and i like history b as somebody who'd prefer not to lose money i've worked [ __ ] 30 years super hard for the money i have no matter how much of it i have you know i'm not in the business of losing it and i think it's much more interesting to you know bet on some og [ __ ] than it is on the stuff that's coming out every day right now i'm incredibly concerned about the projects that are coming out every day right now even the ones that are so trash yeah it's about trash it's just human behavior right it's supply and demand the community is gonna keep growing but everybody here if this is the first time you've been at the forefront of one of these big moments this is gonna take a long time this is not like september 19th everybody you know is gonna be buying nfts this is like this phase is going to take like two three years and so if there's 50 [ __ ] projects coming out every day and we're three years away from like the scale that everybody feels will be here tomorrow what do you think is going to happen these same 50 000 people are only going to have so much time and a lot of the money that's running around is because people made a lot of money in the short term on crypto punch or bitcoin or ethereum that's going to dry up so you know i'm incredibly concerned about the projects i think that you know i do think there'll be five projects from the v friends board ape cool cats you know like that crew like i do believe there'll be three to five projects that do really well from a investment standpoint i do think that most people are in it right now financially and looking at these as investments and as that goes i think 98 of things are concerning and i think you know i see uh i see somebody mention jason buy projects with a narrative i for one don't give a [ __ ] about the white papers or the road maps they mean nothing to me i've been investing my whole life people show me their road maps and their investments all the time i don't care what your [ __ ] plan is can you [ __ ] execute it it's very nice that you're telling me what you're gonna do everybody every company i've ever invested in told me they were gonna make me rich and it was gonna crush and be the biggest company in the world and oh by the way 98 of them have gone out of business there's gonna be an enormous amount of carnage with investing in the projects that are out just because the project's old doesn't mean it's good either just because i'm looking at 17 18 19 that doesn't mean it's good either but daniel what got me to the excitement level i did of the two projects i've been most excited about you know there's three projects i've been excited about over the last six to eight weeks for real outside of like dabbling world of women on a pure i like the team that's my intuition i like the art community that's my intuition and i like the way it looks and i feel people can associate with it that's my intuition it's four guesses number two tom sacks rocket factory tom sacks is one of the most successful contemporary artists in the world he also put together maybe the best project in my subjective opinion besides be friends with doing real life stuff put three pieces together make a rocket we're gonna film the shooting of the rocket the rocket's gonna come down i'm gonna put in a glass case and send it to you oh by the way tom sacks his art in a physical form normally is valued at like 30 to 60 thousand dollars on the low end and i get a token and that wild so to me that was brilliant and i know he's running it and in it for life and then number three was this crypto strikers why it's very personal you know one of my favorite sets of all time is something called burke ross it's a sports card from the 50s an entrepreneur in a wild west east coast brooklyn style just made baseball cards without the rights from the league and the players and you just put them out in his cookies that's a crazy story let me see if i can put this in for you guys it's a wild story um it's super rare found it it's super like you know kind of like pirate you know like and and crypto strikers you know kind of represents to me the early sense of you know ethereum projects it was early 2018 made for an iconic moment of the world cup to your point and mine like it's got some of the greatest footballers of all time in the modern era in the set you know kevin de bruyne and like and yeah i think is still under underrated in there i agree so i know enough about proper football to be dangerous um and so the other thing i'm looking for is i'm enjoying this era i'm trying to figure out what's going to be everyone's rookie nft so i come from sports card world i believe from 2017 to 2022 there will be the establishment in a five-year window that will be trading in 90 years from now on everyone's rookie nft and i've and i believe crypto strikers could be messi's and ronaldo's and moon excuse me um rookie nft and if that's right brother and by the way the other thing i like about it is it looks like booms which is my favorite subset in sports cards from the art standpoint it it's so there's just a lot about it i like and and it's also the most popular global sport in the world and blockchain is global you know so there's a lot that i like about it awesome thanks gary no appreciate you uh bringing me on the call i'll let someone else uh get a question appreciate you guys thank you

### Becky [9:04]

see you guys next up is a board becky i'm going to call it not mbappe if you guys don't like becky hi can you see me this is crazy i don't know if i can see yet usually it populates the front screen keep talking hi gary this was really exciting um i'm definitely not prepared for video here no worries yeah my boyfriend in the background is like is that gary vaynerchuk yes it is so anyways yeah i'm bored becky i'm involved with the same lady squad takeover um we're really focused on sort of fostering the community that we have right now and i don't want to plug that by any means but i know but it's becky it's one of the most important things going on right we have this you know this misrepresent we have this project that i incredibly you know jumped on immediately because i was it was it's very important it continues to be very important for me to see all kinds of representation in nft land it's only good for the space society i like the art it came out i got excited right i didn't do as much homework you know which is why i did so much homework on this crypto strikers and like found the founder and like you know you go through it ends up that it's misrepresentation everyone you know obviously collapses you and many others in the community come in to save it fix it make it better luckily there was some humanity on the founders side on the other side they hand over the project right to in essence that eventually ends up in your hand and it's kind of cool it's like a real fun thing to watch to see if something can be resurrected you know i always believe turning something bad into something good yeah yeah i think that's our focus right now i mean i have some logistical questions that might not be appropriate for this format but um maybe for more of a macro level what do you think would be the most important thing for a group like us to be thinking about as we look to rebuild this and and really look to focus on something that could be sustainable i think that part that second part was the best part you need to do two things it's like non-profits i'm on a lot of boards i'm involved with a lot of stuff and i always tell them just because you're a non-profit doesn't mean people should give you money right like there's audacity and expectation there's a lot of things people can do and just because this is being resurrected from a bad situation doesn't mean everyone should care or anything like that right the reality is this project has a great springboard now with your energy and the rest of the community but it's going to come down to what you can do with it yeah right like you know it's got this kind of moment in time you know and you're gonna have people on both sides of the aisles like [ __ ] and you might be rebranding it i've seen some of your dms right [ __ ] that project or let's all support this project but in 12 months in 24 months it's going to come down to how good you are so when you're thinking about that i mean i've been really lucky because i sort of stumbled upon a few a couple of really great partners with skill sets that are way beyond my skill sets in this space anyhow um how would you if you remain be thinking about finding the right people to bring in or turn this over to or whatever that might mean um especially in a space where we don't really all know one another and we're all entering it with kind of it's all exploratory even for people that are much more on the tech side than i am like how do we find the right people and figure out who we can trust and by that i mean more like trust their capacity and their skills well you don't when you're guessing when you're hiring you're guessing yeah i mean you're now asking how to run a business well i mean this has been a crazy week i'll just put that out there and it's amazing i think look i'll try to help as much as i can but you can tell i'm a little bit underwater and i'll poke in and out but rely on people you trust people what you know um it's imperative that you um that you find people that have done it before right and then you gotta ask yourself what you're trying to do like for example it's very people like get like the biggest confusion with b friends is people think it's about v con yeah right like me con is like an added value little cherry on top people ask me what am i doing with v friends um i say i'm doing what noah maxwell has on his back drop right now i'm building intellectual property that people are going to give a [ __ ] about pokemon came out as a [ __ ] you know card game and a game boy video game and you know 25 30 years later people want to do a million different things with it whether it's buy toys play the app find virtual pokuchus in the ar world like you know buy video games watch movies i'm going to develop the characters yeah what you know what are people going to do i think that most almost every project that has come out this summer is in the intellectual property game yeah that's why i know 99 are going to fail yeah that's well that's one of our big question marks on the logistic sides about ip and what ip we own and how we can use it moving forward and that's why we've been having a conversation that makes sense you have to definitely get like if you don't own that you're not building a business yeah well you know um gary i really appreciate the time i know those are the people here i just want to say the only reason i'm here at all is because i listened to you and bought my first nfp and bought i have four v friends so i'm rooting for you guys and your discord is my home so i really appreciate it i really appreciate everyone thank you so much all right let's keep

### Hayden [14:47]

it going mate hayden hey gary hey all right so i was involved in top shot a little while ago and i was in the sneaker reselling so nfts i guess kind of came natural with all this just so um my thing is i'm fairly new and i'm just looking to see where i can find the best projects like where to look to find like you know good projects i think twitter and discord like live in it and think back to when you started the sneaker flipping game there was a day one where you went somewhere to like read top 10 list of the hottest sneakers coming out right yeah this is different because it's so wild west that it's new and nobody really knows i didn't think those little [ __ ] penguins were gonna explode this week you know like you don't know and so what you need to do is a and this will make sense to you play with a bag that you can afford to lose you got to start there is it a dollar is it a million dollars play with a bag that you can afford to go to zero because when you're in it for the education not stressing that you have to make a flip because that [ __ ] everyone up my friends everybody's in here you can't play in nfts with money that you can't afford to lose if you're even if you're [ __ ] sitting with a bee friends bag that's monstrous and like i could die tomorrow now that might make them go up i don't know how [ __ ] works but i could so then what right like you can't play with a bag that in nft that you can afford to lose so first rule number one you have to have to play with money you can afford to lose and back and if this hit for you and you've got four b friends and sell one make all your profits back and then play like even though i believe in it the most on anything on earth you know so there's that yeah um but aidan i think it's learning like i spent [ __ ] hundreds of hours in discords watching youtube videos reading twitter before i said a word yeah i spent 50 hours on crypto punks before i moved back in january 50 and i don't have an out of time like it's uh for me it's tough because there's so many projects coming out and it's hard to really vet what you know what happened aiden my hope i didn't buy any top shot i think it's one of the most important things that have happened but i understand sports cards too much and once i saw how the prices were going i'm like this is not sustainable you can't make 1300 terry rozier cards highlights and think it's gonna work out and that's what's happening overall with nfts right now oh yeah it's the same type of thing like when top shot was exploding in like february and there's getting all the media attention and stuff like that i was part of that and that's when i started making my money but on the nft side like away from top aydah let's talk about top chat did you get left with the bag or did you move enough or something in between i made a couple thousand dollars so but i have about like 25 moments left and took them all off the marketplace and i'm just comfortable with holding those good for you listen i think my recommendation when people have a softer bag is to not guess on minting and wait for something to get a little traction and then pay a little big and then really ride that out yeah you're gonna pay more but right now people are just guessing yeah when i meant i'm watching how they're minting because i have series 2 come out this is why i keep making this video do not buy what i'm buying like you know like i'm gonna talk about the things i believe in i don't talk about a lot of things i don't believe in because i'm stuck i'm damned if i do damned if i don't people like you like this is absurd how people [ __ ] talk to me they're like gary you can't promote projects i'm like [ __ ] you i spent my whole life putting out good content so that people you didn't earn my audience i earned my audience all right and if you think i'm gonna go buy a hundred [ __ ] like funny frogs or penguins or whatever the [ __ ] and then so that i could tell all of you that it's awesome so that i can then sell it first of all i keep a public [ __ ] wallet for this reason my wallet's not hard to find it's the blockchain all this [ __ ] i got for sports cards when i didn't [ __ ] sell anything i'm like oh i like nfts better here it is here's my [ __ ] wallet tell me what i'm doing wrong so but you can't follow what i'm buying for different reasons i'm looking at how they mint i'm looking at scarcity levels and i can afford to spend three thousand dollars on a lottery ticket yeah most people can't all right gary i appreciate it i love all your videos thank you brother i really appreciate this is going to be yeah we got this aiden where do you live i'm in toronto i'm just outside of toronto and are you in high school i mean right high school i took a year off i worked i'm a barber i cut hair i saw you want to move to new york and do an internship with us i'd love to do something like that i'd definitely email me for sure uh where can i find your email it's gary at vaynermedia okay cool all right thank you very much you're welcome very much let's get one more in

### Craig [20:00]

craig you gotta be kidding me i'm just sitting here next to aiden on my screen here and aiden says inside outside of toronto and i'm outside of toronto right you know yeah craig i mean and by the way this is the number one thing i want with be friends i wanted to build a community right i look at the star trek conventions disney stuff i look at wrestling con i look at comic con craig you and aiden have to be friends like if you're that close oh for sure like it's like each other in the chat i mean i see tim over there in the top of my screen too and alyssa was on here before and we're all part of the g friends discord and whatnot like i was in uh in the and of course in the v friends but also on clubhouse and let's be friends and i was there on day one when uh you know you jumped in there with sal and nicole and uh you just given corso the gift goat um uh adam there got his uh rabbit you know he's getting his tattoo with his rabbit you said the 47 seconds like it was insane right like the you know a lot of people in there know my story i'm like 53 i did a bit of a reset used to do outside sales not really what i wanted i'm taking a six month uh boot camp i apologize uh jerseyborn. edu said who knew gary was in huge it was huge in canada jersey born not eat we're huge in the [ __ ] world baby oh yeah all right keep it exactly no i'm just saying like guys as in i'm taking a six month boot camp course on uh full stack whatever just trying to you know do a reset and a pivot into that area you know it's related to stuff i've done in the past and whatever and uh you know so my question i guess what i sort of wrote down here was uh if um you know how like right now it's like you said it's 47 seconds in i just been holding on i'm doing this course it's over in november like i can't be on here every minute whatever if i'm focusing on that it's a lot of it is a boot camp right and so uh i'm i'm i'm not watching every day everything looking at all these project stuff whatever like i had to pick my thing i'm doing this other thing right you know take care of the family first is the idea let me get a job that will pay and there's a potential and when i get some money that i can play a bit more with and then there we go right but like do you think that like right now obviously there's been some crazy opportunities and you know but we are saying it's 47 seconds in um but do you think that there's opportunities that are happening right now that like just will not happen again or like in six months or a year or two years or three years there's still going to be opportunities the answers not opportunities but you don't know the opportunity right now i know exactly what you're answering you can pay low money now and make a lot of money whereas there maybe it would be i got you of course the answer is in six or 12 months there will not be the same opportunity of ridiculousness which is why this is a moment here's the problem 98 won't be that yeah so it's a big guess it's lottery yeah it doesn't this is why i like it i don't think it's lottery i think it's homework yes and intuition and pattern recognition and a few other things but it's not lottery i'm not gonna get lucky i haven't gotten lucky with crypto punks i didn't get i put in the work i looked at pattern recognition you know like v friends didn't launch successfully by accident that was 20 years of work of knowing how to do [ __ ] i don't think i'm wrong about tom sachs rockets and i think crypto strikers is an interesting one like i don't think i'll be wrong if it hits if it fails i understand and i'll i take those l's all the time whereas with chubbies and fame ladies squad i just like the art and i got excited i was being like a consumer but on the things that i those i bought like 10 or 12 but i got excited now i'm trying to be a little bit less excited because i'm i didn't realize how everybody would just follow anything if we talk even though i say don't buy what you know everyone's like buying it i don't want that for you i but for me i don't think it's a lottery ticket i think it's work yeah now i know the terrible thing for you is when you tend to say something it often is right so it's not a bad thing but you know what i mean it is risky when you know a lot of people are listening and they can do stuff with maybe with money like you said that they can't you know so it's tricky whatever but i gotta say that like the whole concept aside from you know all this stuff and whatever else but your whole concept around the v friends characteristics and traits and whatnot is gold like it i believe that like wholeheartedly like i align with that and relate to that like so much and the community that's been built you know from that is gold not just for me but for almost everybody that's in here i hear it all the time in the different clubs and places that i'm in and you know we just really appreciate uh what you're doing and the fact that like it's not lost on me that like even here i jump in a zoom column 500 people away from garyvee i've watched you know garrett t with garyvee a few times people saying like you know i've been following you for 10 years and it took me that long to get with you know what i mean and the closeness and the amount of caring that you can see that you give us in the discord and in forums like this is insane and unheard of in the world that you travel you know what i mean it just isn't it this doesn't happen of course it's why we're not going to be it's why we're going to be a different community yes i always laugh i know i'm underrated we haven't even started we're doing different things because we're different exactly i made enough money for my life to be happy when i made a hundred thousand dollars a year that happened a long time ago yeah on a completely different course with completely different ambitions and when people look at what happens with beef like do you know how much joy i get that people sitting here that do have 10 eth and they're buying four stupid projects and the friends are sitting there at 70 it makes me happy i like it i like being underestimated even by my biggest fans yeah that's awesome so i appreciate it you know like there's been a number of times in the discord and different things where you know there could have been opportunity to have a chat with you and the chance to i'm glad that out of 500 i got this chance that's just the goal makes me i appreciate team i'm going to jump back into discord i got to go do some family stuff i had this window i wanted to give back some love a couple things don't be scared to take some profits off the board with your second third fourth and fifth favorite projects you're in whether it's v friends or something else don't you don't have to do that with your first one but don't be scared too with your second third fourth and fifth i am incredibly concerned by how many projects are coming out every day i think this is going to be very hard to sustain what we're seeing right now so if you're day trading nfts be thoughtful what you're playing with be very thoughtful because when it turns that it's done people always think they can catch the market you cannot catch the market far smarter people than you and i did not catch the market every time the market collapsed in real estate the stock market beanie babies sports cards sneakers like be thoughtful be [ __ ] smart um and and put in real homework don't buy [ __ ] just because i bought it or somebody else that you think is doing well bought it like do your homework spend time in the discords make relationships and never give out your secret seed phrase nobody will ever ask for it will never happen nobody not metamask not coinbase not open scene not me um we're still in the early wild west stage and people are getting their stuff stolen which is unfortunate i want to use this moment again to remind you this is what comes the beautiful thing about the blockchain is nobody's in charge the bad thing when people get their b friends stolen and they hit me up and they're like i can't do [ __ ] about it i can put public pressure but these are hidden what like so be thoughtful this is a special time that's why it's amazing and scary it's special it's different that's what it's supposed to be so do your homework and um and i'll see you in the defense discord in a few minutes we can chat a little bit love you have a great weekend great rest of the weekend bye youtube watcher what's up it's garyvee

### Outro [28:19]

first of all thank you so much i hope you're doing super well during these times i also want to ask you please subscribe because my commitment and exploration of youtube is about to explode stories polls more content more engagement more surprise and delight this is the time to subscribe i hope you consider it and i hope i see you soon