#209 with Gary Vaynerchuk - Why NFTS Are the Future

The first Internet collected the information. The second Internet created the framework for communication, right? This third thing, this web 3 NFT thing, it's going to capture the consumerization of assets, and the stakes are fucking high.

I believe that there's not a single sporting event or concert in 10 years that the ticket is not an NFT because there's no incentive for that organization and that artist or people to launch it as anything but an NFT because a QR code or piece of paper means nothing. But the NFT, if Luka Doncic drops 100 points in that game, that becomes a forever collectible.

I am now completely infatuated with investing only based on the person ... I would have to hate the person's idea to not go if I think that the jockey is a gangster, and it's worked out for me.

How about this? You know how everyone's like 'social media's full of shit, everyone takes photos and fakes it'? You know what's going to be a much better social identity: What tokens do you have in your wallet publicly?

So, what do I think overall? I think people are grossly underestimating NFTs.