Gary Vaynerchuk Explains Why NFTs Won’t Fail | Where It Happens Podcast

0:00you are on nfts i'm you know we're both super bullish how does nfts fail you know is there a world where this just doesn't pan out no but that's the macro that says if you asked me this question in 1996 about the internet right dot com failed 99 of the projects on the open c top rankings top 200 right now are incredibly vulnerable against their valuation let me say that nice and slow 99 and by the way for everybody's watching whether that's 90 or 93 or 99 percent like right the far majority of i'm gonna do it right now in real time i'm going right now to open c

0:44i'll pull it up too yep i'm going to rankings i'm doing last i'm going to do all i'm going to do last 30 days all chains when i look at you know even the icons like board ape and crypto punks like doodles great project chain runners super interesting cool cats kryptos i love gremlin uh cybercons killing it artifact had their monster dropped the littles has some momentum right now right um um swamp first is a cute little one that i'm pretty hot on um me bits an iconic one from the crypto punks comic doing everything right lately and structurally in my opinion v friends my own um creature world i've

1:27been on the record of what i think about danny called lazy lions really emphatic community um every one of the things i just mentioned vulnerable so how you know why because they're too valuable right now right but but guess what in what i just mentioned there's an ebay and amazon in 1999. the problem is there's progress the arrow of progress is pointing up and if you go and bet on the space the macro it's headed in that direction does this block chains that do affirmation of ownership and contracts is here for the rest of everyone's life right it's here so what is the right way then for

2:13somebody slowly when people say or nf power nfts i say stuffed animals stuffed animals have been here to stay for the last 200 years not every stuffed animal company has turned out well beanie babies was a fad strawberry strawberry shortcake my little pony have been iconic garb cabbage patch kids iconic in some ways disney stuff other things you know the wuzzles had a good year stuffed animals were here to stay not every stuffed animal toys and collectibles are here to stay not every toy and collectible was worth money art is here to stay sports cards are here to stay not every sports card nfts are here to stay for

2:54the rest of our lives the far majority of projects in this gold rush cannot maintain their value because the supply of nfts that are coming into the market is extraordinary