# NFTs For Beginners in 45 minutes

## Метаданные

- **Канал:** Gary Vaynerchuk
- **YouTube:** https://www.youtube.com/watch?v=4se4_ZqkcKw
- **Дата:** 22.03.2021
- **Длительность:** 45:48
- **Просмотры:** 1,681,215
- **Источник:** https://ekstraktznaniy.ru/video/17579

## Описание

This an interview that I did on NFP, the” Non-Fungible Podcast” hosted by DKleine to talk all things NFT. This is a fantastic interview for anyone who is just getting started learning about NFT's. We discuss the culmination of life events and interests that drew me to NFTs and CryptoArt in particular and I provide the broader implications of non-fungible tokens and blockchain technology. 

Listen to NFP
https://open.spotify.com/show/5of8k7uurfLxT86gVswjBY

Follow DKleine
https://twitter.com/_DKleine
—
Thanks for watching!
Check out another series on my channel:
Tea With GaryVee (Fan Q&A Series): https://youtube.com/playlist?list=PLf...​
Overrated Underrated (Hot-takes on Culture): https://youtu.be/TUSNSqA62uI​
Gary Vaynerchuk Original Films: https://youtube.com/playlist?list=PLf...​
Trash Talk: https://youtube.com/playlist?list=PLf...​
WeeklyVee: https://youtube.com/playlist?list=PLf...​
— 
Gary Vaynerchuk is one of the world’s leading marketing experts, a New York Times bestselling au

## Транскрипт

### Intro []

so here's my rant and i'll see you in three years i don't care if you buy an nft i just don't care you've got your perspective i just want to be happy don't you hey this is the non-fungible podcast nfp with your host d klein and today i have a very special guest gary vee welcome to the show i really appreciate it thank you for having me hey this is wild i have to tell you i'm pretty excited about this i really appreciate you making time for this thank you for saying that and flattered i'm really excited to be on it honestly yeah i've noticed you're uh

### NFT Art [0:40]

making quite the deep dive into the whole nft art scene the last couple of days i've seen you all over the place i saw you on crypto campfire the other day tell me about uh you know it seems like when you're doing something you just go full bore at it i really do and i really you know it's funny people don't know this about me because they see all the energy you know what's so funny i think so much of the energy that i bring has to do with the fact that usually it's because i've been pent up for three to four months about something i'm excited about right so for example you know with sports cards which was something similar that i got very passionate about you know i grew up passionate about it and then i got very passionate about it about three years ago it was several months uh maybe almost a year on that one that i was doing real homework before i had come out and said this that and the other thing you know i've been doing lightweight homework you know since probably the summer you know i on nfts the reason i bought aetherium in 2016 after aaron battalion big shout out tara battalion former cto of living social great dc great technologist educated me on it at south by southwest um was basically the understanding of the potential of what became nfts like i was like oh okay this isn't currency this is framework build on you know like platform and so i think i get so loud and excited because i've been wanting to be loud and excited for months i basically do 60 70 of my knowledge base before i say a word to the world for example i've been doing that with vr quite a bit i'm very deep into vr more than people think because i never talk about even this mention is already a lot for me by my standards because i don't like to talk about things that i don't know anything about now i don't mind to be in this place where i'm like hey i have some real opinions and understandings and thoughts and hypotheses comma there's still a lot of things i need to know to really feel comfortable the way i do about social media or wine or sports cards but i don't feel like i'll be embarrassed i feel like i understand my point of view on what the consumers are going to do with nft i feel like i can speak to erc20 and erc721 and i could speak to crypto punks and larva labs pepe being a btc a bitcoin version of like you know like i understand what rapping is now can i can hang enough where i'm not wasting people's time because what i'm great at according to my mother um but in all seriousness what i'm very comfortable with is consumer behavior i mean what i can say today is for example i can say the following sentence to an audience you know i'm picking very specific places i want to be on podcast i don't have a lot of time i you know dk i do this show because of the people you comma the people that i anticipate listening to this show which is a very authentic og thoughtful bright kind community it is it's an awesome i know i do a lot of homework so i feel very comfortable i know who's listening right now which is people i admire is what would be the word i use comma what i think i bring to the table in 1995 when i went into dot com or email or google adwords or youtube or social or everything i've done in my life madison avenue startup land i can bring things like hey everybody listen and i'm just incredibly comfortable to put this on the record nft over the next 12 to 18 months is going to be very similar to ico yep 97 of these projects are going to collapse in secondary value it's going to confuse people say it was a fad it was beanie babies comma the underlining tech and consumer behavior is going to be one of the most significant things that happens in modern technology i'm with you cool so like you know i can relate yeah please yeah i don't want to take up too much time no take it away the podcast but i have the same experience when i learn about bitcoin and ethereum i literally spent a year learning about it before i did anything about it and then i just couldn't contain myself anymore and i began writing about it and that's how i got to writing for cointelegraph was just through blogging about it and writing about it every day until the point that people noticed my writing and

### Pop Art [5:25]

that's when last year i had the opportunity to write about crypto art in particular and especially about the trash art movement and that just flipped a switch for me because i was like holy crap this is marcel duchamp this is dada this is the beginning of pop art it's the beginning of modern art 100 uh it's a renaissance or a renaissance of that same process yet now in a digital realm and comma those artists made peanuts yeah in the scheme of the economics that happened over the next 50 years the fact that the jackson pollock of today whoever she or he may be his family will be collecting checks in 31 years on a royalty rate on a transaction makes my heart smile darren in a way that you couldn't imagine yeah it's

### The Collector [6:20]

amazing with that too these same artists whereas before they were the artists uh you know in the sloppy clothes with the you know cheap paint all over their clothes or whatever and then there was the collector and that was a different group entirely you now have this mix like i collect art i never really collected her before in my life yeah and now i collect it regularly um do you tran do you transact on art karen i do yes yeah i create art i sell secondary do you buy our and reach sell it at times if you just i do yes this is the reason i asked that is that's probably going to be the most interesting thing in the super short term for me which is what is the og community going to think about what i know is coming which is an enormous amount of collector flipper trader at heart people who are going to get much more enjoyment of buying a piece of art and reselling it than doing that with a stock currency like for example i have the same feeling like for example the art i have behind me elise bartlett former employee i support art from a friend standpoint mm-hmm number one number two personal networks key networking it's just i'm giving you like i am a baseball card comic book collectible toy flipper at heart i love it i love buying uh you know uh a blue snaggle tooth that came from the sears cantina set because that's the rare snaggletooth and versus the red suit and buying that at a garage sale for four bucks and selling it on ebay for 200 bucks or buying it for 100 bucks and selling it for 200 bucks later because i thought it was a down time for star wars really i enjoy that i don't like stock market i don't enjoy buying a stock and then reselling it no enjoyment i love flea market garage sales sports cards culture well let me encourage you then to look into where that really happens because of course you can go to the nifty gateway you can go i do have work on known origin for example however i didn't start unknown origin of course right i started on wearable i know where it started on openc right and that's where you can get that garage sale type 100 percent where did you find that gem right i super rare open c wearable like bitsky i i'm watching everything and right now i'm just very fascinated because i think there's a huge amount of humans on earth that share my dna that nobody talks about which is the following that trading component is much more fun in nfts than it is in real estate or wall street number two and this is where it gets really interesting for me this is a real thing that i've been doing my whole life you gotta tokenize those are you kidding me it's like the thing that keeps me up at night i'm like oh my god in grammar school kindergarten first grade third grade sixth grade a lot of kids knew me as a doodler as those people who thought it was gonna be that i was gonna be an artist which never gets talked about in my narrative not something i share and you have to watch my vlogs very carefully and you'll see that i'm doodling a lot in meetings right so when this all hit my radar you know that was something that really got me emotional i'm like oh my god is this going to be like wow god literally this is something i said god thank you it's literally something i said to myself six months ago god are you kidding me have you created a technology that takes everything that i am how to build a community you know understanding storytelling the doodling component the garage sale flipping the cabbage the garbage pail kit like it this is crazy this is like my life's work so i've been very cautious and thoughtful of my entry into this world because i don't want to i know i have a big platform now i'm not who i was the first couple times you know i i definitely um i definitely am worried to drive the market right i'm incredibly scared of that darren i'm scared to talk scared of creating a

### The Bubble [10:57]

bubble is that what you mean you know it's funny i'm actually not because i think i'm only gonna buy and talk about things that i've decided are 30-year projects okay so i'm actually not scared because i think i'm good it's what happened in sports cards in the sports cards world i've been uncomfortably right and it's because i'm really darn good at this and so i'm talking about nft as a genre i'm not really talking about projects because i just have more homework to do i've you know i've alluded to so i'll do it here as well i have decided that crypto punks is a 30-year project um and there's been a million articles and this audience doesn't need me to explain why so i won't spend time on that but no i'm worried about being perceived as pumping and dumping as creating and so it's i got to really be thoughtful of how i'm going to navigate but i'm not actually scared about the bubble i am probably scared about the macro bubble like when when the inevitable [ __ ] hits the fan with all these projects i do think everything gets dragged down with it so i am scared to tell friends to invest in things or right because even though i think punk's is a steal do i think if in nine months or 13 months or 16 months there's that crater moment because there's just too much supply and there's not sustainability of the secondary demand could it go down with it i do i think that's probably one i'll go most buying crazy to me it's april 2000 there april 2000 is when the stock market collapsed internet stocks and everybody bailed on the internet itself and that's when i tripled down on the internet and said no the stocks might have been overvalued but the whole genre is going nowhere yeah and that was when i bought my amazon stock for the first time because i was like and so like that's what i'll do with nfts when and if because just because i think it might it may not but if it does have that moment that's probably when i'll go shopping the most on the things that i've deemed most meaningful but there's so much i mean different blockchains and you know right you know ethereum flow there's so much going on there different there'll be many more does ethereum scale wrapping things burning things like i'm you know there's a lot to think through this is early early days

### Trash Art [13:20]

yeah absolutely what are your thoughts on trash art have you looked that looked at that at all not deeply yet i'm still in the phase where because i decided punks was real that i spend an ungodly amount of time educating myself there and i'm continuously spending most of my time doing stuff like this whether in private or public i want to become friends with people in the community i want to offer my value to them i want to meet them and i'm still learning so i haven't gone you know i've done very surface level stuff with like hash masks with crypto you know kitties i've looked at a little bit for my own education because that was obviously like many the first thing i've looked at top shot carefully i've looked at a lot of the wax stuff because i like street fighter and garbage pill kids um i've looked at you know i've done my homework on people so i've done a little on the individual artist front artifacts so you know the bitsky projects i've looked at stuff i've done my random like three hour deep dives into open c and nifty just to poke around but i haven't yet on uh tragic i'm excited to and i will probably one of

### immutable trash [14:32]

the best places to look for that is the artist that i interviewed for that piece that i wrote about it called immutable trash you can send me that link after this i'll read it over the weekend yeah for sure his name is robness he's probably the best known trash artist along with max osiris and of course following that there's a huge movement of more artists that join in with that and i actually sent you the link to it in your twitter if you want to peek at it but a bit of a read to do during a conversation obviously yeah i'm not going to do that i want to focus on this it's practical um but those two stand out another great place to go if you want to find out more about just that entire movement and community building is uh the art gallery auction house on telegram daniel penn i think crypto campfire mentioned them too actually that was actually where i found a home when i began this as an artist because i'm coming from a different world um i'm a teacher i teach full-time i began writing because i just love writing and from that i just when i saw the crypto arts i was just like felt like what you were saying where it's like all these different things i love just came together into this one i can't stop thinking about like i'm obsessed listen i'm obsessed with esports i'm obsessed with the cannabis industry i grew up in the wine business i don't smoke but i'm fascinated i i'm obsessed with many micro things have happened so many things have happened but i've not felt anything like this since 2005 when i was like oh the internet's about to make a big change this social media thing this is a real third wave here yeah this yeah that's right i feel like for me it's 95. 05 i'm kind of mad that it's not 2015 because they're going to be a nice round numbers but it's 0. 5 9 you know it's 95. 05 it's probably some fibonacci thing or something yeah probably uh but uh god damn it's exciting and like the and the fact that i get to bleed in my collecting flipping like like pop culture ip retro oh [ __ ] it's just so exciting yeah

### the money [16:35]

if it goes beyond that right like i mean people get excited about the money right and of course the money is great like the fact that a person like me to me it's not the money it's the being right i love being right like no but really it's like and by the way i don't want to be right so i can tell people i'm right it's like a weird game with my game i'm winning the game am i right is this kid it's true and i love it when people are like nah and then you know two years later it's like that's everything to me that the other you know you may know this because you have a little context for me it's why i love documenting i love you know when someone's like oh gary you're fly by night and i can show him my point of view on virtual goods in 2010 i don't know if you saw that clip could all fly by night at this point anymore yeah but you know what like when uh not fly by night you know what people are like oh you're just jumping on this you don't care about nfts yeah and i'm like look at this video in 2010 when i'm talking about virtual currency and virtual goods like this has been on my mind in some shape or form for a very long time it's just prime time it's a culmination of a number of different elements coming together you know coalescing absolutely

### lifechanging [17:49]

you know and but with that what i was saying was the money's great like it's amazing i was talking to someone just the other day who i forget which country he lives in who's a developing country and he says to me this art that i sold i'm paying my kids school fees with it like this is like life-changing game changing i know somebody who sold a hash mask in india to a big collector that is like more money than his parents have made in five years yeah next level yeah you know the opportunities are huge but beyond that too it's this community and that's maybe a little harder to see with you know the hash masks and the crypto punks but if when you get down into the dirt of it as i have as an artist starting that like someone i just sold my first piece the other day it was terrible it was i just took a bitcoin logo and i put it into an app called photomosh and it melted it and made it look like a fried egg and i called it fried bitcoin right and a guy was like hey is that your first piece i want that right and it's a great feeling right it's an intense feeling for me what's been interesting about this is thinking through the metadata so i my project is going to be very interesting okay and i don't want to give too much away but i want to give you a little something for our history we'll look back at one day very interesting i'm assuming in your case you've got people facilitating this process when you say facilitating what i mean is getting everything set up getting everything tokenized getting you know if you're going beyond that if you're doing something with smart contract technology and stuff like that i'm talking to people and trying to figure out where i want to do this and how when when but what's fascinating is the reason i asked you when you say you know facilitating i am gonna draw all five thousand five hundred fifty-five right well that's a

### artists [19:42]

good point to make it's not like something yeah exactly people have jumped in with hiring some artists and then correct i am going to i am gonna create the stories the dynamics and the concepts the pipes and doing it right and getting it minted and getting it smart contract properly yes i'm speaking to all the a lot of people in the community and trying to figure out who the right things are so you said 5500 pictures that you said yeah i'm already giving too much so we'll talk about it we'll edit that out seriously no it's okay you can keep it but i want you to have the scoop but like don't play it up too much hopefully it's just an easter egg in the long run it'll be in the tweet yeah 50 500 but you know it's um i'm really excited i'm excited i feel like i know when i find my home i know when i'm the sports car community my home the wine entrepreneurial community at home this is going to be a home and and a home that is going to show a different side of me from a creativity standpoint that has always been there i've spoken so much about the creativity of being an actual entrepreneur but this one's really going to be obvious and i'm going to enjoy it and it's going to open up a whole new avenue to my life which i can just feel incredibly excited about yeah it's just an opportunity to be expressive in a different way right i also hope i motivate people you know i think i've got a lot of eyes on me i have a communication style that lands for certain amounts of people and i feel like somebody's going to say wait a minute am i an artist too and is going to fulfill their destiny of being an art i think what nft what social media did was allowed people to be personalities and experts that would have never been that influencer marketing influencers have been are is now a collection of people who are destined to be lawyers but are now known for yoga accountants that star trek and i think nft infrastructure is going to allow somebody who is destined to be a carpenter actually now to be an artist someone who's destined to be a sports agent now to be an artist somebody that was destined to be a stay-at-home dad now to be a artist somebody that was destined to be a police officer to now be a meaningful artist the fact that art will now be practical to a generation of parents and encouraged instead of discouraged is going to be a very good thing for society and i'm excited to see the birth of it it's yeah it's fascinating you know it makes me think about i was actually just talking to someone about this today the idea that you know we're talking right now about art nfts but in my mind i'm anticipating pretty much anything that is property at some point you could theoretically say could that be tokenized well that's a foregone conclusion to your point i think my passion right now sit around creativity but for example every book by any author that's got any juice is gonna be launched as an nft like i've got to rethink my entire thought process of signing another book deal why would i do that i can launch as an nft make incredible dynamics deliver the actual book on the back of the nft create incredible secondary market dynamics i mean the world darren this is a big [ __ ] deal it is i'm gonna sell my i've been trying to tell people this for two years well you've been right good news you know how you like being right good news there you go this is going to change everything caps absolutely everything i think what's going to be what i would encourage everybody here who's listening to fall into something i said the other night and i'm using it i like it don't try to convince have conviction and it's very different you know convincing people is is fun but exhausting and not required when you're this right so like people like gary convince me about and if this literally actually ironically happened today somebody said convince me about this space i'm like i'm not going to here's the here's how i'm going to convince you this nft thing is going to be one of the biggest technology shifts in your life i'll see you in three years i'm not going to sit here and try to explain to you that you don't understand social currency human behavior why people wear logos on their clothes what happens in a digitized world why people will be curious like rubbernecking and reality tv and social media to know what people have bought and ledgered that the provenance matters incredibly and always has in our society that eliminating the middle that brings very little value is a good idea and the internet's been doing it technology's been doing that for its entirety as a term like i'm not gonna do that for you i don't need to it's just gonna play out why did chiefs and indians and cavemen paint their faces with colors and have skins that were like this has been going on this is a foregone conclusion so here's my rant and i'll see you in three years i don't care if you buy an nft i just don't care

### provenance [25:00]

yeah i mean speaking of provenance i think really interesting element of that a lot of people don't recognize is you know say for you look at this top shot thing right and you think about okay well whose hands has this particular card been in so cool and you can look back and go whoa this was actually in lebron james wallet for example really matters people don't understand that's going to be really cool when you meet somebody in 13 years at an event instead of going to google or instagram like many do now i think people will go to public wallets and look at what they've done and i'll be like oh darren you were [ __ ] on this blah blah like you know people love to have street cred they're like i knew about pantera first like vanilla yeah exactly or like i was early like for me i was early on notorious b. i. g but do i really have proof i don't but i could i could you know like where you know when someone's like i was early on nirvana were you like now you have but now in 35 years somebody who's early on something is likely gonna have some proof to it because though that entity the band the influencer of the person the thing is going to have an nft infrastructure that's going to prove could do you understand the level of clout darren that somebody could have as being the first person to buy the first item that pearl jam put out in 1991 if you could prove it yeah well guess what that's the world we're about to go into that's right irrefutably so i think prominence is going to be a currency that matters in an insane way i think people are naive i told people that online dating would be the standard in 2000 they laughed at me i said that people would buy wine on the internet in 1995 they laughed at me i told people that they would spend all their time on facebook they laughed at me playing mobile games they laughed then like all i do is get laughed at and that's when i know i'm on to something and this one is one that's making a lot of people laugh they're like i'll just take a screenshot what's the difference of like everything well i

### fine art [27:07]

was talking uh fine art with uh sasha bailey he's the founder of my babe and uh he was talking about how he had experience with traditional fine art for example if you were to say look at an andy warhol and it was the real one andy warhol and then you had a fake sitting next to it they are indistinguishable you cannot tell the difference between them you know and that's a problem so what do they go by providence they go okay whose hands were who had this piece you know where is the history of this piece and again that's where the blockchain is vastly superior as a solution it's not even close right not only that where are those andy warhols they're in a vault no one's even looking at the things correct i go to the new york met i don't know if you saw that but yeah i posted about it i go to the met and i go look at a painting and i'm like is this even the real painting or did they just put a replica here because they don't want the real one to get damaged correct and meanwhile somebody changes their profile pick to a crypto punk and you can go check if they're the actual owner of it you could you can you could and then you get into the monetization of the ip like you look at some of the nft standards where you're allowed to monetize something you buy up to a hundred thousand like there's so much neat stuff it's just gonna be neat that's like the word like i've been using the word neat like i don't know if it brings me back to it's a childish nostalgic thing right it's neat it's [ __ ] neat well that's why i'm

### doodling [28:35]

making the art for myself as well a lot of the art i make literally makes me laugh as i'm making it good you know like there's a joy in it and i'm hoping you have the same experience with your doodling i mean it's are you kidding me joy in it right i mean look at patient pig that's right you know like i i couldn't be more excited to be a part of this i am really happy that i've been able to bring a lot of awareness i've had a lot of beautiful dms and things like you know i have a big platform and i'm able to bring awareness to people the flamingo project or you know voracious or you know whatever it might be like it's just really fun

### Ethereum problems [29:16]

let's talk barriers though let's talk problems please you know what you know ethereum obviously you know if you're minting on ethereum like it's got some technological problems clearly you know it it's a it's uh too much success yep gas is expensive gas is terrible you know uh we had kind of a mini crypto winter in the art scene where i don't know you talked about that you've been following it for months and it was just on fire in october november come december ethereum prices kind of skyrocketed and all of a sudden people couldn't create or they could create but they couldn't mint they couldn't tokenize unless they were upper echelon you know where do you see that going too early for me to make a call that i would want to look back on and say okay you were smart or you're an idiot i just don't know that's the honest truth um i know human dynamics so what i mean by that i know that there's an incredible amount of people that are building on top of ethereum that the network is so vast that the stakes are so collectively high that people that are dramatically more technically skilled than i are tackling it at ferocious levels now i do think that people are naive a little bit with l2 and all that like i think there is some naivete because when you want it to happen you know i'm thinking a lot about the burning and wrapping of tokens you know like what listen i would never have bought crypto punks if i didn't know what rapping was right because i would have been too scared like you know i you know they're very different technologies but there was a day where yahoo was the only search engine sure and then google came along and i sit here and say well there could be a different blockchain like like jeeves correct so i mean look how great flow is rohan you know learned a lot being on kitties and the scalable issues and you know flow and there's tons of innovation going on this so uh ethereum scaling issues scare me less than they did six months ago because i have an enough belief that if it doesn't mean all the assets go to zero right and i'm a person that doesn't have the skill set nor to be honest the interest on how the concrete and steel is made i like designing the room got it so i try to stay educated enough that i can speak to the way i'm speaking to you or i'm dangerous right i can be a little dangerous but i'm not the person that's going to speak about the technical underpinnings at the level that so many others can what i spend my passion and time and skill set on is the human dynamics on top of those things now i don't want to get caught with my pants down which is why i try to stay knowledgeable-ish but to speak about scalability of ethereum that is above my pay grade i kind of anticipate in my opinion that we'll get to a point where there's a level of interoperability that you know perhaps these tokens are moving from one chain to another i mean that's obviously a technical challenge now i think that is something that is in the best interest of everyone thus makes me think likely

### Betamax vs Ethereum [32:45]

likely well on the flip side you could say well maybe it's more like the betamax vhs situation where vhs dominated because it simply was the one that was more widely used and you know you could make that argument for ethereum i think you could but the speed of technology advancements are so different today compared to what it would have taken for a third you know cool but that was a one-on-one battle if the speed and cost associated with innovating back then in that game might have led to something called ps9 which would have destroyed vhs sure and i think that's how i look at uh flow had the luxury of knowing what ethereum was right yup what do you think of the whole you know kind of there's these uh curated scenes for galleries and then there's the ones that are kind of wide open like where do you find yourself drawn to the most neither and both to me both will succeed of whomever wins right so you will have meaningful players in both okay and then i think you'll have underlining technology where people like myself and others can do it on their own domain and just have the underpinnings of the capabilities within it

### Background [34:11]

let's bring into your background a little bit here what do you think it is about this you know you talked about it a bit already but your childhood what is it about your childhood like that really clicks with this you think that's a great question you know my mother's side of the family has a very heavy leaning towards storytelling they're just like funny russian uncles who get drunk and storytelling story tell and i'm like okay that's something being an immigrant and learning how to speak english by watching scooby-doo batman the adam west stuff and the hulk the movie stuff you know the tv stuff tv show dukes of hazzard like a lot of 70s and 80s ip taught me how to speak the language and i think cemented my americana you know um being a merchant trader you know i think this is just the modern stones and rubies and you know like gold i would have probably been a great character in the gold rush you know and so dna and circumstance of like i do think the immigrant can't speak english these are the things that taught me english and they're all ip probably has something to do with it i can't really unwrap it sweet pickles but there's a comfort you find in that innocence yeah for sure and then i maintained it like i loved garage sailing my whole life and buying toys and books and mugs and t-shirts of ip happy days more mork and mindy like i just always gravitated to nostalgia americana ip that [ __ ] yeah very interesting different question entirely totally uh kind of a bit of a shift here you know i think a lot about how this will change the way economies work on a kind of a macro scale you know um any thoughts on that in regards to you know big time uh you know kind of changing i think i will become a central bank i think humans will have economies built around them because of access and metadata

### Is it inevitable [36:22]

how does that work in our current system without there being a huge conflict or is that inevitable i mean if you're going super macro with me around like cryptocurrency and nfts versus you know sovereign nations like say fiat money versus oh i think it's a big deal yeah i think that there's inevitable regulation that is overbearing and it will depend on how big the movement is at the time to see what the counter reaction is i mean i think the stakes are high if you believe that bitcoin wins then you believe in the massive lack of leverage of sovereign nations

### Who wins [37:06]

or that they just rush in and they try to have their own little hash war going on and try to stop going too much as they can right if they aren't going to do it i mean germany i feel like is my prediction to go first like i think oh they're gonna why terms by the way when i say complete intuitive wild guess of like i always think about who's incentivized but big enough um see because i would lean towards say something like say iran or something like that they already kind of have their own control if you think about it if you think of germany as a major player in europe where europe is now kind of like a third player in the world behind the us and china it's almost like they're incentivized to do a move to almost like re-energize you know because don't forget that's the part of the world that was number one and i always think there's some underlining tension when you lose your spot i think america losing to china in that global leader over the next hundred years will be like an interesting underlining resentment the way that london and germany look at the us and so i don't know i've always had this weird feeling in my own game of chess in my head that if there was a place that would do this first and most meaningful but that was big enough to actually matter so that's always been my hot guess are they competent enough to fight it i don't know i genuinely don't know i often wonder i just know i just see attraction i just light systems i just know that to get installed in my neighborhood i don't know yeah well that that is a really good point in reality no in uh passing a law that makes things illegal that would make our head spin yes well that can cause harm i don't know if it stops i don't think it can be stopped yeah i think you're probably right i think it's like alcohol you can do prohibition but be prepared for the ramifications and be prepared for people to still be consuming alcohol correct

### Future plans [39:12]

yeah uh talk about your hopes i mean you didn't couldn't give a lot of detail there about your project but you know what do you see what are you hoping happening here over the next year here with your experience in the nft world nft art what are you hoping to see happen by far my reaction to that question is the 13 to 27 relationships i make in this next year that mirror the ones i made in 2006 like the kevin rose's and the msgs and the travis and the soccers and dave moran's and you know just these real friendships like you know lazarus and belski like these real real friendships i think i'm gonna make some of my best friends in my life over the next year that's awesome i know for myself you know just joining this community i've made some awesome friends that you know we connect on our daily basis you know this is going to be a year that i make some best friends that's awesome

### Final thoughts [40:15]

uh anything any last words you want to wrap up with i know you're kind of tight on time i'm guessing you're a pretty busy guy so yes i definitely appreciate it i can definitely uh then i'm grateful that i'm available that i'm intellectually generous i'm so i was so gifted with the ability to get mine that i always that i'm a person that believes in like abundance so if there's anything i can be a help to anybody i think everyone can win um and uh and to be thoughtful on the investing side i do think people need to be very careful there's gonna be a trillion projects and there's only so much demand and right now a lot of the demand is from people that are financially incentivized they don't really care about it they're going to buy this thing because they think in a week it's going to be this much and that's okay i don't judge that i'm an entrepreneur i'm a capitalist you know in the good sense of the world meaning i want it to be fair that's why i love a lot about this i think it's pure capitalism like there's it actually a game of who is good not let's rig the game um and so it's a meritocracy yeah it's a meritocracy that's such a good point uh i just would tell people like be thoughtful because when it hits when it crashes or goes down you know it'll hurt it'll be fast it'll be hard to liquidate there's not enough underlying demand to carry what's going on and so you have speculation at scale um buy what you like or really do homework on things you genuinely believe are going to work for example every great ip darren that's about to come out whether it's star wars or star trek or health or smurfs or whatever right i'm gonna look very carefully on how they built it you know because i can't just say oh the pokemon thing's going to crush because it's pokemon if it's sloppy and not thoughtful the dynamics won't play out to make it a good quote-unquote investment yeah well then you just have a repeat of the ico this is going to be a massive ico moment just so you know this will be that the [ __ ] coin like reality is there is going to be an ungodly amount of nfts that sell for a lot in the first three months and go to very small places so be very pay very close attention to who's behind it for example for me what i'm going to do is going to be with me to the day i die which gives me tremendous confidence in the economics around that ecosystem back to economies around people unfortunately i think a lot of people that have my leverage of awareness and audience i think are gonna go for the quick three four five million dollar score and i think that's gonna hurt them and it's definitely gonna hurt their fans and i caution people to be thoughtful as they continue to navigate especially these next 24 months but these next 24 years and nft are going to be remarkable yeah 100 hey i really appreciate you taking this time and i'm looking forward to your podcast i hear you're doing it with someone else in my community next week now i don't want to give away too much about that yet because i'm not sure if he's even said but um i'm excited to hear that as well and i really appreciate you taking the time to do this i mean of all the things you could be doing with your time right now why is it that you know this is what you're doing i'm curious i like people that are authentic to the thing that i'm excited about hmm that's awesome to be a lot of fancy people who are going to hit me it's already happened there's gonna be a lot of super famous super wealthy super leveraged super strategic people uh there's all the natural people that i'm friends with that are also in and those are real relationships but there's something important to me that if i go into someone's home i want to and they and the rules are take your shoes off i want to take them off said that somewhere else the other day and it kind of feels that way to me i want real friendships real relationships i want to be in this community for the rest of my life and the only way i know how to do that is to be is to bring value i know that in real life that my appearance on your podcast for you gives you leverage to do more with your podcast and i want that for you i appreciate that and the number one asset that i can i protect is time so to me writing a being a 5 000 sponsor of your podcast is a hell of a lot less meaningful of like me knowing the truth than me allocating this time right on instagram that's uh i'd be okay with that too you can have that comment too anyway my friend thank you for your time i gotta run right on thank you very much thank you so much i'll see you in the circles i hope to spend real time in person as well awesome thank you sir where do you live i live in alberta canada love it actually uh i love new york though i had tickets booked i had hotel booked i had tickets for hamilton booked ugh i was already with my wife to come out there for a week we'll be going to a lot of conferences so i'm sure we'll be seeing oh man crushed but cheers take care thank you youtube watcher what's up it's garyvee 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