- This topic has 18 replies, 2 voices, and was last updated 9 months, 3 weeks ago by CincyDad1993.
- Sunday, February 13th, 2022 at 16:12 #104028jigarokanoParticipant
Gary Vaynerchuk said 98% of Non-Fungible Token projects will fail after the gold rush fades. – “This is internet stocks 99,” said Vaynerchuk when asked about the current Non-Fungible Token landscape. Most of the behavior I see in Non-Fungible Token buying reminds me of the way people bought beanie babies.”
Link:Sunday, February 13th, 2022 at 16:12 #104037naji102
If you really think about it they literally don’t have any usecase and they will plummet once people find next big thing probably web3Sunday, February 13th, 2022 at 16:12 #104046CincyDad1993
Clown or not, he’s absolutely right. ESPECIALLY in modern day where kids find a new trend much quicker than they used to. This is the Tide pod-eating, TikTok generation after all..Sunday, February 13th, 2022 at 16:12 #104045No-Astronaut5047
Sometimes this guy is controversial, but in this case he is 100% rightSunday, February 13th, 2022 at 16:12 #104044ChenzhaoTx
Bingo!Sunday, February 13th, 2022 at 16:12 #104043the_far_yard
Yeap. Considering that significant chunk of the ETH and WAX NFT market was somewhat controlled by the top 10% wallets, it’s inevitable.Sunday, February 13th, 2022 at 16:12 #104042coinfeeds-bot
tldr; Vee Friends creator Gary Vaynerchuk said that 98% of NFT projects will fail. He likened the current NFT craze to the dot-com era stock market boom of the early 2000s. In 2021, the NFT market will balloon to about $41 billion in sales.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*Sunday, February 13th, 2022 at 16:12 #104041Fizzlebang_Wonderpop
Remember beanie babies? I’m sure these guys do…
I wonder if they are still happy with their settlementsSunday, February 13th, 2022 at 16:12 #104040dhork
Read the article, dweebs. He’s absolutely correct. All those random jpeg NFTs will be a historical footnote, and companies that put in the work to solve legit problems with the tech will be rewarded.
> “In March 2000 when all those internet stocks which were grossly overrated and collapsed, Amazon was sitting there at seven or eight dollars per share, the same thing will play out in the NFT space,” Vaynerchuk said.Sunday, February 13th, 2022 at 16:12 #104039ChemicalGreek
Who is this guy?Sunday, February 13th, 2022 at 16:12 #104038bccrz_
Reminds me of when that jewelry guy said his jewelry was cheap knockoffs and completely destroyed his company.Sunday, February 13th, 2022 at 16:12 #104036drumboy256
He doesn’t get what an NFT is then.Sunday, February 13th, 2022 at 16:12 #104035theusername_is_taken
Didn’t this asswipe sell a bunch of NFT’s for like hundreds of thousands? Pretty sure that means he’s openly admitting he’s a rug pullerSunday, February 13th, 2022 at 16:12 #104034Osirius25
I always thought NFT thing could be utilized in gaming industry such as specified p2w products or unique skins. But instead here we areSunday, February 13th, 2022 at 16:12 #104033TIK_GT
Fake guru moment. Dude is a clown.
What he said is correct though.Sunday, February 13th, 2022 at 16:12 #104032Markuu6
If you think of all the absolute trash/scam NFT’s people release every day, 98% may even be an understatement. Every day people release 1,000 versions of crypto punks or bored apes, and idiots think they’ll buy these and sell them for millions in a few months.
Having said that, the NFT’s from legit artists, or from original NFT sets do hold value – as do NFT’s for online games, or NFT’s representing physical assets. Lots of future use cases for NFT’s. But the art jig is up.Sunday, February 13th, 2022 at 16:12 #104031Odysseus_Lannister
He’s right that jpg NFTs are basically digital beanie babies. What he’s wrong about is the fact that NFTs in general have many more uses than physical beanie babies do lol.Sunday, February 13th, 2022 at 16:12 #104030maseunaoseinada
Says the guy who teamed up with a bunch of popular YouTubers to pump some NFT collection scheme. I used to like Gary but he has turned into a dipshit.Sunday, February 13th, 2022 at 16:12 #104029MentalUsurpation
He is *not* wrong.
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