Non-fungible tokens are a very big and exciting opportunity for both creators and collectors. The opportunities that the technology enables us to have are undoubtedly going to change the way people think about the internet. That does not mean every NFT will be worth millions of dollars. You are going to buy different NFTs for different reasons. Some NFTs may not be with much but you just like how it looks or it has significant value to you personally. Others may be objectively worth a lot of money and you may see it as an investment. There is a lot of opportunity here but the #1 thing you need to do before getting involved is to get educated because 97% of NFTs will not be worth anything and you need to have a good grasp on the space before jumping in or you will be vulnrable.
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Gary Vaynerchuk is a serial entrepreneur and the Chairman of VaynerX, a modern day communications parent company, as well as the CEO and Co-Founder of VaynerMedia, a full-service digital agency servicing Fortune 500 clients across the company’s 4 locations.
Gary is a venture capitalist, 5-time New York Times bestselling author, and an early investor in companies such as Twitter, Tumblr, Venmo and Uber. He is currently the subject of WeeklyVee, an online documentary series highlighting what it’s like to be a CEO and public figure in today’s digital world. He is also the host of #AskGaryVee, a business and advice Q&A show online.
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