NFTs For Beginners in 45 minutes


– So here’s my rant. And I’ll see you in three years. I don’t care if you buy an NFT. I simply don’t care.( upbeat music) You got your perspective. I simply wanna be happy.Don’t you wanna be happy?( trendy move instrumentals) – Hey, this is the NonFunGerbils podcast NFP with your legion DKleine. And today I have a veryspecial client, GaryVee. Welcome to the show. – I really appreciate it. Thank you for having me. – Okay, this is wild. I have to tell you. I’m pretty excited about this. I genuinely appreciate youmaking season for this. – Thank you, thank you forsaying that, I’m flattered. I’m really excited to be on it candidly. – Yeah, I’ve noticed you’re making fairly the deep dive into the whole NFT art scene the last couple of epoches, I’ve seen you all over the place. I saw you on CryptoCampfire the other day. – Hmm! – Tell me about, you know it seems like when you’re doing something you just go full board at it.- I certainly do. And I actually, you know, it’s funny parties don’t know this about me because they visualize all the energy. You know, what’s so funny, I think so much of the vigor that I drawing 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 stimulated about, right? So for example, youknow, with sports cards which was something similar that I came very passionate about, you are familiar with I grew up passionate about it and then I get highly, very passionate about it about 3 years ago, it was various, several months, 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.Now, I’ve been doing lightweight homework, you are familiar with since probably the summer months, you are familiar with, on NFTs. The conclude I bought Ethereum in 2016 after AaronBattalion, large-hearted shout out to Aaron Battalion formerCTO of Living Social, enormous VC, enormous technologists, instructed me on it at South by Southwest. Was mostly the understanding of the potential of what became NFTs. Like I was like, Oh, okay, this isn’t currency this is framer buildon time, you know like, programme and so, I picture I get so loud and excited’ reason I’ve been wanting to be loud and provoked for months.I mostly do 60, 70% of my knowledge base before I say a word to the world. – Hmm! – For example, I’ve been doing that with BR quite a bit, I’m very deep into BR more than parties think’cause I never talk about. Even this mentioned isalready a great deal for me by my standards, becauseI don’t like to talk about things that I don’tknow 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 hypothesis, comma. There’s still a lot ofthings I need to know to really feel comfy the behavior I do about social media orwine or sports cards. But I don’t feel like I’ll be flustered. I feel like I understand my view on what the consumers aregonna do with that FT. I feel like I can speak, I can speak to ERC-2 0 and ERC-7 21 and I can speak to cryptopunks and larva labs. And I can speak to Pepe being a BTC a Bitcoin version of like I can, you are familiar with, I is aware that wrapping is now.Like, you are familiar with, like I can, I can I can hang enough where I’m not consume people’s time because what I’m great at according to my mother, but in all seriousness what I’m very comfortable withis shopper action. I make, what I can say today, for example, I can saythe following sentence to an audience, you know, I’m picking very specific regions I wanna be on. Podcast I know have a lot of hour. You know, DK. I do this show because of the people you comma, the person or persons that I anticipatelistening to this show which is a very authentic OG, courteous, bright, genu community. – It is. It’s an awesome thing. – I know, I do a great deal of homework, so I feel very comfortable I know who’s listening right now, which is beings I revere is whatwould be the word I use.Comma, what I reflect I bring to the table in 1995 when I went to dotcom or email or Google AdWords or YouTube or social or everythingI’ve done in my life Madison Avenue’s startup land, I can bring things like, hey everybody, listen. And am precisely fantastically comfortable to leant this on the record, NFT over the next 12 to 18 months is gonna be very similar to ICO. – Yep. – 97% of these projects are gonna collapse in secondary value.It’s gonna confusepeople, say it was a fad, it was beanie babies. Comma, the underliningtech, and buyer demeanor is gonna be one of themost significant things that happens in modern technology. – I’m with you. – Cool, so like to me that’s– I can pertain. – Yeah, delight, delight. – Yeah.- Take it away. – I don’t wanna take up too much of your- – No, take it away. – Time in the podcastbut’ cause it’s your say I had the same experience when I learned about Bitcoin and Ethereum.I literally expended a year learning about it before I did anything about it. And then I really couldn’tcontain myself anymore. And I began used to describe it. And that’s how I got towriting for “Coin Telegraph” was just through blogging about it and writing about it every day until the point thatpeople noticed my writing. And that’s when last yearI had the opportunity to write about crypto art in particular and especially aboutthe scum artistry shift. And that time threw a switch for me because I was like holy crap, this is Marcel Duchamp. This is data. This is the beginning of– A 100% – It’s the opening up of modern prowes, – 100%, 100%. – It’s a renaissance or a renaissance of that same process yetnow in a digital period. – And comma, those masters manufactured peanuts. – Yeah. – In the strategy of the economics that happened over the next 50 years. The happening that theJackson Pollock of today, whoever she or he may be, his family will becollecting checks in 31 times – Yeah. – On a royalty smooth on a transaction performs my heart smile, Darren in a way that you couldn’t imagine.- Yeah. It’s amazing, With that more, these same masters, whereas before they were the artists, you are familiar with, in the clumsy invests with the, you know, cheap paintall over their invests or whatever and thenthere was the collector and that was a different group perfectly. You now have this assortment. Like I accumulate artwork, I never genuinely collectedher before in “peoples lives”. And now I collect it regularly. – Do you transact on art, Darren? – I do, yes.I create art, I sell artistry. I sell secondary, yeah. – Do you buy art and resell it at times you time decide to do? – Yes, yes. – This isn’t, the above reasons I ask that is that’s probably gonnabe the most interesting thing in the super short term for me, which is what is the OG community gonna “ve been thinking about”, what I know is coming, which is an enormous amount of collector, flipper, seller at heart people who are gonna get much more enjoyment of buying a piece of art and reselling it than doing that with a stock.- Right. – Than make that with a currency. Like for example, I have the same feeling, like for example, the artistry I have behind me Alice Barrett former employee I carry prowes from a friend position. – Hmm – Number one, number two – Personal structures is keyto networking, it’s key. – I’m just, I’m giving you like, I am a baseball poster comic book, collectible doll flipper at heart.I ardour it. I desire buying, you know a off-color snaggle tooth that came from the Cedars Cantina determined’ stimulate that’s the raresnaggletooth versus the ruby-red suit and buying that at agarage sale for four bucks and selling it on eBay for 200 bucks or buying it for a hundred bucks and selling it for 200 horses later’ crusade I thought it was a downtime for “Star Wars” or, I experience that. I don’t like stock exchange. I don’t enjoy buying astock and then reselling it. No delight. I adoration flea market, garagesales, sports cards culture. – Well, let me, let me encourage you then to look into where that really happens because of course you cango to the Nifty Gateway, you can go, I do havework on known source, for example, nonetheless I didn’t start on KnownOrigin of course, right. I started on Rarible. – I know Rarible very well. – I started on OpenSea, right? And that’s where you can get that garage sale type of- – A 100%, am on those platforms- – When you is my finding that gem, right? – I, SuperRare, OpenSea, Rarible, like Bitski, I’m watching everything.I’m watching everything, and right now( sighs) I’m just exceedingly fascinated because I think there’s a huge amount of the human rights 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 realestate or wall street. Number two, and this is where it gets really interesting for me. This is a real thing thatI’ve been doing my whole life. – You got to tokenize those. – Are you kidding me? It’s like the thing thatkeeps me up at night. I’m like, oh my God. In grammar school, kindergarten, first grade one-third gradation, sixth evaluate, a lot of children knew me as a doodler as later beings recalled I was gonna be- – I was the same way, I was the same way. – That I was gonna be an artist, which never goes talkedabout in my narrative , not something I share.And you have to watchmy blogs very carefully and you’ll see that I’m doodling a lot in finds, right? So, when this all affected my radar, you know, that was something thatreally got me emotional. I’m like, oh my God, is this gonna be like, wow, God literally, this is something I said, God, expressed appreciation for, it’sliterally something I told us to myself, six months ago, God, are you kidding me? Have you composed a technology that makes all that is I am, how to build a community, you are familiar with, understanding storytelling, the doodling component, the garage sale flipping, the garbage pail kid, like it, this is crazy.This is like my life’s work. So I’ve been very cautious and reflective of my entry into this worldbecause I don’t wanna, I know I have a big platform now. I’m not who I was the firstcouple of seasons, you know, – Hmm, Hmm. – I certainly, I obviously am worried to drive world markets. – Right. – I’m incredibly a little scared that, Darren. I’m scared to talk about- – You’re scared of creating a bubble, is that what you mean? – You know, it’s funny.I’m actually not because I fantasize I’m only gonna buy and talk about things that I’ve decided are 30 -year projects. – Okay. – So I’m actually not scaredcause I review I’m good. It’s what happened in sports cards. In the sports cards macrocosm, I’ve been uncomfortably right. – Hmm – And it’s because I’mreally darn good at this.And so I’m talking about NFT as a genre. I’m not really talking about projects because I time have more homework to do. I’ve you are familiar with, I’ve alluded to so I’ll make love here as well. I have decided that CryptoPunksis a 30 -year project. – Hmm. – And there’s been a million essays and this audience doesn’tneed me was why. So I won’t spend time on that. But no, I’m worried about being perceived as gushing and dropping as organizing. And so it’s, I gotta really be courteous of how I’m gonna navigate but I’m not actuallyscared about the bubble. I am probably scaredabout the macro bubble. Like when the inevitable shit smacks the fan with all these projects, I do belief everythinggets dragged down with it.So I am scared to tell friends to invest in things or– Right. – Because even though Ithink Punks is a steal do I think if in nine months or 13 months or 16 months there’s that crater instant’ cause there’s just too much give and there’s not sustainability of the secondary demand, could it go down with it? I do. Do I think that’s probably one I’ll continue most by the rise in? To me, it’s April 2000, Darren. – Yeah! Yeah! – April 2000 is when the stock market crumbled, internet assets everyone is bailed on the internet itself. And that’s when I tripleddown on the internet and said , no , no , no, the stocks might’ve been overvalued but the whole genre’s going nowhere. – Yeah. – And that was when Ibought my Amazon stock for the first time cause it was like- – Right, of course. – And so like that’swhat I’ll do with NFTs. When and if, when and if because exactly’ effect I think it might, it may not.But if it does have that minute that’s probably whatI’ll go shopping “the worlds largest” on the things that I’vedeemed most meaningful. But there’s so much I mean, different blockchains and you are familiar with, right. You know, Ethereum, Flow, There’s so much going on there. Different, there’ll be many more. There’s Ethereum scale, wrapping things, burning things like, you are familiar with, there’s a lot to think through. This is early, early, early days. – Yeah, perfectly. What are your thoughts on junk artwork? Have you looked at that, looked at that at all? – Not deeply yet.I’m still in the stage where, because I decided punks was real that I invest an ungodly amount of time acquainting myself there. – Yup. – And I’m continuouslyspending most of my term doing stuff like this, whether in private or public I want to become friends with beings in the community, Iwanna offer my ethic to them. I wanna meet them and I’m still learning. So I haven’t departed, you know, I’ve done unusually face position substance with like HashMasks withCryptokitties I’ve looked at a little bit for my own education.’ Cause that was obviously like countless, the first thing I’ve looked at, Top shot carefully, I’ve looked at a lot of the wax material’ stimulate I like Street Fighter and Garbage Pail Kids.I’ve looked at, you are familiar with, I’vedone my homework on people. So I’ve done a bit on the individual artist front, artifacts. Some you are familiar with, the Bitskiprojects. I’ve looked at stuff, I’ve done my random, like three hour deep dives into OpenSea and Nifty exactly to poke around. And( hesitates) But I haven’t yet on litter prowes but I’m excited to, and I will. – Probably one of the best residences to look for that is theartist that I interviewed for that article that I wroteabout called “Immutable Trash”. – You can send me that relate after this. – I will. – I’ll read it over the weekend. – Yeah, for sure. His name is Robness. He’s probably the best-known trash artists along with Max Osiris. And of course following that, there’s a huge campaign 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 it’s a bit of a speak to do during a discourse apparently – Yeah, I’m not gonna do that, yeah I wanna focus on this.- It wouldn’t be practical – But those two stand out. Another huge residence to go if you wanna find out more about justthat entire crusade in a community building is the art gallery auction house on telegram, Daniel Penn. I conclude Crypto Campfirementioned them too, actually.- Okay. – That was actually where I witness a dwelling when I began this as an master because I’m coming from a different world.I’m a schoolteacher. I coach full-time, I began writing’ cause I really affection writing. – Hmm. – And from that I time, when I verify the crypto arts I was just like, feltlike what you were saying where it’s like all these different things I adore just came together into this one. – I even felt- – I can’t stop thinking about like, I’m obsessed with it. – Listen, I’m obsessed with e-sports. I’m haunted with the cannabis industry. I grown up in the wine-colored business. I don’t inhale, but I’m mesmerized. I’m preoccupied with many micro things. Things have happened, somany things have happened, but I have 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 thing. This isn’t a- – This is like third-wave now. – Yeah, this, yeah.That’s right. I feel like for me it’s 95 oh five. I’m kind of mad that it’s not 2015′ cause then they’d bea nice round numerals.( Darren laughing) But it’s oh five-nine, you are familiar with, it’s 95 oh five- – It’s probably someFibonacci thing or something. – Yeah, probably( Darren laughing ). But, goddamn it’s exciting. And like the, and thefact that I get to bleed in my collecting flipping like, like pop culture, IP, retro.Oh fuck, it’s just so exciting. – Yeah, it move beyond that, right? Like I necessitate, beings getexcited about the money right. And of course the money’s great, like the fact that a person like, like I was- – To me, it’s not the money. It’s the being right. – I enjoy being right.( chortling) – I affection being right. Like , no, but actually it’s like, I’m only, I don’t wanna be right so I can tell people I’m right. It’s like a peculiar recreation with myself. – It’s a game, I’m winning the game when I do that. – Am I right? Is this kid- – Yeah, it’s true. And I cherish when people are like, nah, ah and then, you know, twoyears later it’s like, ah. – That’s everything to me .( Darren shrieks) You know, you may know this’ movement you have a lot of context for me. It’s why I enjoy documenting. I cherish, you are familiar with, when someone’s like, oh, Gary, you’re a fly-by-night and I can show him my view on virtual goods in 2010. I don’t know if you viewed that excerpt. – I don’t know if it will all fly-by-night at thispoint anymore( laughing ). – Yeah, but you know what , not fly-by-night, you know what, beings are like, oh, you’rejust start on this. – Right.- You know, – Bandwagon or something.- You don’t care about NFTs. Yeah, and I’m like, lookat this video in 2010 when I’m talking about virtual currency and virtual goods likethis has been on my head in some contour or constitute fora very, long time. It just prime time now. – It’s a pinnacle of a number of different elements- A consummation. grouped together, you know.- Yes. – Coalescing. Absolutely. You know, and but withthat, what I was saying was the money’s great like it’s amazing. I was talking to someonejust the other day who I forget which country he lives in.It was a developing country. And he says to me, this art that I sold I’m paying my children’ school costs with it. Like this is like life-changing, – Game changer. – For a lot of people. – I know somebody whosold a Hashmask in India to a big collector that is like more fund than his mothers have formed in five years old. – Yeah, next grade, yeah. You know, the opportunities are huge but beyond that extremely, it’s this community and that’s maybe a littleharder to see with, you know the Hashmasksand the CryptoPunks.But when you get down into the dirt of it, as I have as an artist starting by like, like some other, just soldmy first piece the other day and it was terrible. It was, I just took a Bitcoin logo and I gave it into an app called Photomosh and it melted it and madeit looks just like a fried egg. And I announced it “Fried Bitcoin”, right? And a chap was like, hey, is that your first part? I want that, right. It’s a great feeling, right. – It’s an intense feeling. For me, what’s been interesting about this is thinking through the metadata.- Hmm. – So I, my assignment is gonnabe very very interesting. – Okay. – And I don’t wanna give too much away but I wanna give you a little something for our history we’lllook back at one day. – Very interesting. – All my time– And, I’m assuming, I’m assuming in yourcase you’ve got beings facilitating this process. – When you say facilitating, – What I intend is gettingeverything set up, get everything tokenized, going a, you know, if you’re going beyond that, if you’re doing something with smart-alecky contract technology and trash like that. – Yes, I’m talking to parties and trying to figure out where I wanna do this and how I wanna do this. When, but what’s fascinatingis the reason I asked you when you say, you know, promoting, I am gonna choose all 5,555. – Right, that’s a good point to constitute. – It’s not like some of these people- – Yeah accurately! – Who have pranced inwith hiring some masters and then they say– Correct.I am going to, I am gonna form the stories, the dynamics and the concepts. The pipes, and doing itright, and getting it minted and coming it, smartcontract properly, yes. I’m speaking to all the, a lot of people in the community and trying to figure out what the right things are. So anyway– Now you said 5500 visualizes, is that what you said? – Yeah. I’m already throw too much. So we’ll talk about other( Darren chortles) Edit that out.( both giggles) – Seriously dude, should I? – No , no, it’s okay, you can keep it, but I want you to have the scoop. But like build-up, don’tplay it up too much. Hopefully, it’ll simply bestarting get along- – It’ll be in the tweet, – Yeah.- 5500( laughing) – But you know, it’s, I’m really excited. I’m stimulated, I’m energized. I feel like I know when I find my home. I know when I’m, the sportscar community, my home the wine society, my home, the managerial community, a home.This is gonna be a home and and a residence that is gonnashow a different back of me up from a talent standpoint that has always been there. I’ve spoken so much about the clevernes of being an actual industrialist but, this one’s really gonna be obvious and I’m gonna enjoy it. And it’s gonna open up a whole new avenue to “peoples lives” which I can just feel improbably provoked about. – Yeah, it’s just an opportunity to be expressive in a different way, right. – I likewise hope I cause beings. You know, I recall I’vegot a lot of noses on me. I have a communication style that lamps for certain quantities of beings. And I feel like somebody’s going to say, wait a minute, am I an creator more? And is gonna fulfill theirdestiny of being an artist. I think what NFT, what social media did was permitted parties to be personalities and professionals that wouldhave never been that.Influencer marketing, influencers have been art is now a collection of people who are destined to be lawyers, but are now known for yoga. Accountants that arenow known for StarTrack. And I repute NFTinfrastructure is gonna give somebody who’s destined to be a carpenter actually now to be an artist. Someone who’s destined to be a boasts negotiator now to be an artist. Somebody that was destined to be a stay-at-home papa now to be a artist. Somebody that was destinedto be a police officer to now be a meaningful artist. The fact that prowes will now be practical to a generation of parents, and encouraged instead of intimidated is going to be a verygood thing for society. And I’m provoked to see the birth of it. – Yeah, it’s fascinating. You know, it originates me think about, I was actually just talkingto someone about this today.The idea that, you knowwe’re talking right now about art NFTs, but in my thinker, I’m foresee pretty muchanything that is property. At some phase you were able to theoretically say, could that be tokenized? – Well, that’s a foregoneconclusion to your point. I contemplate my fondnes rightnow sit around ability. But for example, every book by any generator that’s got any liquor isgonna be launched as an NFT. Like I’ve got to rethinkmy part thought process of ratifying another bible deal. – Hmm. – Why would I do that? I can launch it as an NFT, determine incredible dynamics deliver actual diary onthe back of the NFT, create incrediblesecondary market dynamics. I necessitate the world, Darren, this is a big fucking deal. – It is. – I’m gonna sell my- – I’ve been trying to tellpeople this for two years.( chuckles) – Well, you’ve been right, good story. You know how it works you like being right? Good news, there you go .( Darren laughing) This is gonna change everything. Absolutely everything. I think what’s gonna be, what I would encourage everybody here who’s listening to fall into somethingI said the other night and I’m use it, I like it.Don’t try to convince, have decision. And it’s very different. You know, reassuring people is fun but spending and not required when you’re this right. – Hmm.- So like people are like, Gary persuaded me about it and this literally actuallyironically happened to you. Somebody said, convinceme about the room. I’m like, I’m not going to, here’s the here’s how I’m gonna persuasion you. This NFT thing is gonnabe one of the biggest technology alters in your life.I’ll see you in three years. I’m not gonna sit hereand try to explain to you that you don’t understandsocial currency, human behavior. Why people wear logos on their clothes. What is happening to a digitized world-wide. Why people will be curious like rubbernecking and realityTV and social media to know what parties have purchased and ledgered that theProvenance concerns unbelievably and ever has in our society, that eliminating themiddle that generates very little value is a good idea. And the Internet’s been doing it. Technology’s been doing that for, for its entirety as a period. Like I’m not, I’m notgonna do that for you. I don’t need to do that for you. It’s just gonna play out. Why did managers and Indians and cavemen depict their faces withcolors and have skins that were like, this has been going on.This is a foregone conclusion. So here’s my tirade. And I’ll see you in three years. I don’t care if you buy an NFT. I time don’t care. – Yeah. I signify, speaking of Provenance I mull really interesting element of that a lot of people don’trecognize is, you are familiar with, say if you look at thisTopshot thing, right, and you think about, okay well who’s pass has this particular card been in? – So cool. – And you can look back and lead, whoa, this was actually in LeBron James wallet, for example. – Really materials. Parties don’t understand. That’s gonna be really cool. When you meet soul in 13 years at an happen, instead of going to Google or Instagram, like many do now, I imagine people will go to public pouches and look at what they’ve done. And I’ll be like, oh, Darren, you were fucking on this blah, blah, blah. Like, you are familiar with, peoplelove to have street credit. And be like, I knew about Pentera first. – Like Vanilla ice? – Yeah, precisely.( Darren laughing) Where like, I was early.Like for me, I was early on Notorious BIG, but do I really have proof, I don’t, but I could. – Sure.- I could. – You could.- You know, like, we’re, you know, when someone’s like, Iwas early on Nirvana. Were you? Like now “youve had”, but now in 35 years, somebody who’s early on something is likely gonna have some proof to it because that entity, theband, the influencer, the person, the thing is gonna have an NFT infrastructure that’s gonna prove. Could, do you understand the level of clout Darren, that somebody could have as being the first personto 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. – Irrefutably. So I thinkProvenance is gonna be a currency that matters in an foolish channel. I foresee parties are naive.I told parties that online dating would be the standard in 2000, they giggled at me. I am of the view that parties would buy wine on the internet in 1995, they laughed at me. I told parties that they are able to spend all their time on Facebook, they tittered at me. Playing mobile tournaments, they tittered at me. Like, all I do is getlaughed at( Darren shrieks ). And that’s when I know I’m onto something. And this one is one that’smaking a lot of people laugh. They’re like, I’ll just take a screenshot. What’s the difference? I’m like everything. – Well, I was talking fine art with Sasha Bailey, he’s the founder of My BAE. – Hmm. – And he spoke of how he had experienced withtraditional fine arts. For instance, if you were to say, look at an Andy Warhol and it was the real one, Eddie Warhol and then you had a fakesitting next to it. They are indistinguishable. You can not tell thedifference between them, you are familiar with and that’s a problem. So what do they do? They go by Providence. They start, okay, who’s paws were, “whos had” this bit, you know where is the history of this piece.And again, that’s where the blockchain is vastly superior as a answer. – It’s not even close. – Right? Not only that, “wheres” those Andy Warhol’s, they’re in a grave. No one’s even looking at the things. – Correct. – I go to the New York MET. I don’t know if you construed that, but I announced about it. I go to the MET and Igo look at a painting and I’m like, is thiseven the real painting, or did they are only set a replication here’ cause they don’t want the real one to get damaged ?. – Correct. And meanwhile, individual converts their profile depict to a CryptoPunk, and you can go check if they’re the actual owner of it. You could. – You can. – You could. And then you get into themonetization of the IP. Like you look at someof the entity standards where you’re allowed to monetize something you buy up to a hundred thousand not like, there’s so much nifty stuff.It’s just gonna be elegant. That’s like the word like I’ve been using the word neat. Like, I don’t know if it delivers me back to when I was four- – It’s a child, it’snostalgic thing right, it’s elegant. – It’s nifty, it’s fucking elegant. – Well, that’s why makingthe artwork for myself as well. A pile of the artwork I makeliterally reaches me laugh as I’m making it, you know like there’s a rejoice in it. And I’m hoping you havethe same experience with your doodling,( indistinct) – I mean, are you kidding me? – There’s a hilarity in it, right? – I mean, look atPatient Pig, how can you-( Darren laughing) – That’s right. – You know, like, Icouldn’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 beings, the Flamingo project, or, you know Felicia sort of, you are familiar with, whatever it might be like it’s just really fun. – Hmm. Let’s talk impediments though. Let’s talk problems. – Please. – You know what, youknow, Ethereum patently, you know, if you’re minting on Ethereum like it’s got some technological troubles. – Clearly. – You know, it’s too much success. – Yep, gas is expensive. – Gas is terrible, you are familiar with. We had various kinds of a mini crypto wintertime in the skill representation where I don’t know, you talked about that you’ve been following it for months. And it was just on firein October, November, come December Ethereumprices kind of skyrocketed and all of a sudden parties couldn’t cause or they could create, but they couldn’t mint.They couldn’t tokenize unlessthey were upper echelon. You know, where do you see that departing? – Too early for me to make a call that I would wanna look back on and say, okay, you were smart or you were an idiot. I only don’t know. That’s the honest truth. I know human dynamics. So what do I necessitate by that? I know that there’s an incredible amount of parties that arebuilding on top of Ethereum that the network is so vast that the stakes are so collectively high that beings that are dramatically more technically skilled than I are tackling it at brutal levels.Now I do think that people are naive a little bit with L-two and all that. Like, I think there is some naivete case when you want it to happen, you know I’m thinking a lot about the burning and wrapping of signs, you know, like, listen I would neverhave purchase CryptoPunks if I didn’t know what wrapping was. – Right. – Because I would have been too scared. Like, you are familiar with, I, you know they’re very different technologies but there was a day where Yahoowas the only search engine. – Sure. – And then Google came along. And I sit here and say, well, there could be adifferent blockchain, like – Ask Jeeves. – Correct, I imply, examine how enormous Flow is. Roham you know learned a lot, -( coughs) Excuse me. – Being up on Kitty andthe scalable the questions and, you are familiar with, Flow, andthere’s tons, there’s tons of innovation going on on this. So, Ethereum scaling topics scare me less than they did six months ago.- Hmm. – Because I have enough faith that if it doesn’t, it doesn’t mean all the assets go to zero. – Right. – And I’m a person that doesn’t have the skillset nor to be honest, the interest on how the concrete and steel is constructed. I like designing the area. – Hmm. – Got it? So I try to stay drilled fairly that I can speak to the way I’m speaking to you where I’m hazardous, right.I can be a little perilous but I’m not the person that’s gonna speak about the technological underpinnings at the different levels that so many others can. What I expend my passionand period and skillset on, is the human dynamicson top of those things. Now I don’t want to getcaught with my breathes down which is why I try tostay knowledgeable-ish, but to speak aboutscalability of Ethereum, that is above my spend score .( Darren laughters) – I various kinds of envision in my view, that we’ll get to a site where there’s a statu of interoperability, that you are familiar with, perhaps these signs are moving from one chain to another.( clears throat) I symbolize, there is obviouslya technological challenge now. – I think that that is something that is in thebest interest of everyone, thus constitutes me think likely. – Well, on the flip side you could say, well, maybe it’s morelike the Beta max VHS situation where VHS dominated because it simply was the onethat was more widely used. And you are familiar with, you could makethat rationale for Ethereum. – I think you could, but the rush of technologyadvancements are so different today compared to what it would have taken for a third, you are familiar with, cool. But that was a one-on-one battle. If the hasten and costs associated with innovating back then in that game, might’ve led to something called PS-nine, which would have destroyed VHS. – Sure. – And I think that’s how I look at a Flow had the comfort ofknowing what Ethereum was.- Right. Yup, what do you thinkof the whole, you know kind of there’s these, you know kind of curated incidents for galleries and then there’s the ones thatare various kinds of the wide open. Like where do you findyourself drawn to the most? – Neither and both. – Hmm. – To me both will succeed of whomever acquires. Right, so you will havemeaningful participates in both. – Okay. – And then I think you’ll have italicizing technologywhere people like myself and others can do it on their own domain and time have the underpinnings of the capacity needed within it.- Hmm! Let’s generate it to your background a little now. What do you think it is about this, you know, you talkedabout it a little once, but you know you’ve talkedabout your childhood. What is it about your childhood like that really clickswith it, you think? – That’s a great question. You know, my mother’s side of the family has a very heavy leaningtowards storytelling. They’re just like funny Russian uncles who get drunk and story-tell, and I’m like, okay that’s something,( sorrows) being an immigrant and learning how to speak English by watching “Scooby-Doo”, “Batman”, the “Adam West”stuff and “The Hulk”, the movie personnel, you are familiar with, the Tv faculty Tv demonstrate, “Dukes of Hazzard”, like a lot of seventies and eighties IP learnt mehow to speak the language. And I contemplate cementedmy Americana, you are familiar with. Being a broker manager, you are familiar with I think this is just the modern stones and rubies and you know, like amber. I would’ve probably been a great character in the gold rush, you are familiar with? And so DNA and environment of like I do repute theimmigrant can’t speak English.These are the thingsthat taught me English and they’re all IP, probablyhas something to do with it. I can’t really unwrap it, sugared pickles- – But there’s a convenience youfind in that in a sense. – Yeah, sure as shooting. And then I maintained it. Like I desired garage selling my entirety life and buying toys and volumes and beakers and T-shirts up IP happy days, more Mork and Mindy. Like I time always inclined to nostalgia Americana IP, that shit. – Yeah, yeah. Very interesting. Different question solely. Entirely kind of a– Please. – Bit of a alter now, you are familiar with I foresee a great deal about how this will change the room economies work on a kind of a macro scale, you know.Any meditates on that inregards to, you know. – Big time. – You know, it’s kind of changing the acces we, we transact. – I ponder I will become a central bank. – Hmm! – I make humen will have economies built around them because ofaccess and metadata. – Hmm! How does that workin our current system without there being a huge conflict? Or is that inevitable? – I want, if you’re going super macro with me around like cryptocurrency and NFTs versus, youknow, monarch nations.- Which is like say, Fiat money versus- – Oh, I think it’s a, Ithink it’s a big, big deal. – Yeah. – I think that there’sinevitable regulation that is overbearing and it will depend on how bigthe movement is at the time to see what the counter-reaction is. I necessitate, I suppose the stakes are high. If you believe that Bitcoin triumphs, then you believe in the big lack of leverage of sovereign nations. – Hmm. Or that they just rush in and they try to have their own little hash struggle going on and try to- – They’re going to do that. – Get as much as they can, right. If they are– They’re going to do that. – I convey, Germany I feel likeis my prediction to go first. Like I conclude oh they’re gonna. They’re gonna have to– Why German in particular? – By the practice, when I say complete instinctive wild guess of like, I always “ve been thinking about” who’s incentivized, but big enough.- Hmm. See,’ generate I would lean towards say something like say Iran or something like that. – They previously kind ofhave their own control if you think about it, if you think of Germany as a leading player in Europe where Europe is now kindof like a third participate in the world countries behind the US and China, it’s almost like they’re incentivized to do a move to almost like re-energize, you are familiar with, make don’t forget, that’s the part of theworld that was number one. And I ever think there’ssome underscore pressure when you use your discern, I reckon America losing to China in that global leader over the next hundred years will be like an interesting underlining resentment the acces that London andGermany look at the US. And so I dunno, I’ve always had this weird feeling in my owngame of chess in my manager that if there was aplace that would do this firstly and most meaningful, but that was big enoughto actually matter.So that’s always been my red-hot guests. – Are they competent enough to fight it? – I don’t know. I genuinely don’t. – I often wonder. – I mean- I just know, – I just see a trafficlight organization take, you now about two months to get installedin my neighborhood I don’t know if they can fight this. – Yeah, well that( Darren laughing) that is a really good point. In actuality , no. In advance a principle that realise things illegal that would stimulate our heading spin, yes.- Hmm. Well, and 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 booze. You can do prohibition but make preparations for the forks -( laughter) And make preparations for beings to still be expending booze. – Correct.( Darren laughing) – Yeah, all right. Talk about your hopes. I imply, you didn’t, couldn’t give a lot of detail there about your projects, but you know, what do you witness? What are you hoping happening here over the next year herewith your experience in the NFT world, with your experience in NFT art, what are youhoping to see happen? – By far, my reaction to that question is the 13 to 27 relationshipsI make in this next year.That mirror, the ones I established in 2006 like the Kevin roses and the MSGs and the Travis and theSockers and Dave Morin’s and you know, merely these real relationships. Mike, you know Lazarus and Belsky like these real, real, real rapports. I mull I’m gonna make-up some of my best friends in mylife over the next year. – That’s awesome. I know for myself, you are familiar with, simply meeting local communities I’ve made some awesome friends that, you know we connect on a daily basis, you know.- This is going to be a year that I stir some best friends. – That’s awesome. Anything, any last wordsyou wanna wrap up with? I know you’re kinda tighten on time. I’m guessing you are a pretty busy guy, so – Yes, I obviously appreciate that. I can definitely, that I’m grateful that I’m available. That I’m intellectually generous. I was so gifted withthe ability to get mine that I ever, that I’ma person that believes in like abundance. So if there’s anything Ican be a help to anybody. I think everyone can win. And to be thoughtfulon the investing line-up. I do reckon people need to be very careful. There’s gonna be a trillion jobs and there’s only so much demand. And right now a lot of the demand is from parties that arefinancially incentivized.They don’t really care about it. They’re gonna buy this thing’ cause they think in a weekit’s gonna be this much. And that’s okay. I don’t judge that. I’m an inventor, I’ma capitalist, you know in the good sense of the world meaning I want it to be fair. That’s why I desire a great deal about this. I think it’s pure capitalism. Like there’s, it actually, video games of who is goodnot let’s rig the game. And so- – It’s a meritocracy, yeah. – It’s a meritocracy, that’s such a good point. I merely would tell peoplelike be pithy because where reference is makes, when it clangs or it goes down, you know, it’ll hurt, it’ll be fast. It’ll be hard to liquidate. There’s not enough underscore demand to carry what’s going on.And so you have speculation at scale. Buy what you like or genuinely do homework on things you genuinely believe are gonna work. For precedent, every great IP, Darren that’s about to come out, whether it’s “Star Wars”, or “Star Trek”, or “Alf”, or “Smurfs” or whatever, right. I’m gonna regard very carefullyon how they improve it. You know, because I can’t just say, oh the Pokemon thing is gonnacrush’ cause 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, yeah. Well then you just have a repeat of the ICO thing we encountered. – This is gonna be a massive ICO moment, just so you know, this lies in the fact that the shit-coin like actuality is there’s gonna be an ungodly amount of NFTs that sell for a lot inthe first three months and go to very small places.So pay very close attentionto who’s behind it. For speciman, for me what I’m gonna do is gonna be with me to the die I die, which gives me tremendous confidence in the economics around that ecosystem back to economies around parties. Regrettably, I guess a lot of people that have my leveraging ofawareness and audience, I think are gonna go for the quick 3, 4,$ 5 million composition. And I think that’s gonna hurt them and it’s definitely gonna hurt their followers. And I careful beings to be intelligent as they continue to navigate specially these next 24 months. But these next 24 times in NFT are gonna be remarkable. – Yeah, a 100%. Hey, I truly appreciateyou taking this time and I’m looking forward to your podcast.I hear you’re doing it with somebody else in my society next week. Now I don’t wanna give awaytoo much about that more.’ effect I’m not sure if he’s even said, but I’m aroused to hear that as well. And I actually appreciate youtaking the time to do this. I intend, of all thethings 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 beings that are authentic to the thing that I’m evoked about. – Hmm! That’s awesome.- It could be a lot of conception people who are gonna made me a little. It’s already happened. There will be a lot of super famous super prosperous, super leveraged, super tactical people. There’s all the naturalpeople that I’m friends with that are also in, andthose are real ties-in but there’s something important to me that if I go into someone’s home, I are willing to elite and therules are take your shoes off. I wanna take them off. So that’s somewhere else the other day. And it kind of feels that way to me. I demand real love, real relationships. I want to be in this communityfor the rest of my life.And the only way I knowhow to do that is to be … Is to fetch price. I is a well-known fact that in real life, that my appearing on your podcast for you gives you leverage to domore with your podcasts. And I want that for you. – I appreciate that. – And the number one asset that I can, the number one asset I protect is time. – Hmm! – So to me, writing, being a $ 5,000 patronize of your podcast is a hell of a lot less meaningful oflike me knowing the truth than me earmarking this time. – Right on yeah.- And so that’s- – I’d be okay with that extremely.( both laugh) – We can have that convo too. Anyway, my friend thank you for your time. I gotta moved. – Right on. Thank you very much.- Bye there. – Thank you so much.- Take care. – See you in the cliques. I hope to invest realtime in person as well. – Awesome. – Take care- Cheers. Where do “were living”? – I live in Alberta, Canada.- Love it, desire it. I actually- – I cherish New York though. I had tickets booked. I had hotel booked. I had tickets for Hamilton booked. I was all ready with my bride to come out there for a week. – Gonna be going on lot of conferences. So I’m sure we’ll be synced.- Oh man, I was crushed. Bye, Okay.- Cheers. – Take care. – YouTube watcher, what’s up, it’s GaryVee. First of all, thank you very much. I hope you’re doing superwell during these eras. I likewise wanna ask you delight agree because my commitment and investigate of YouTube is about toexplode stories, canvas more contact, more engagement, more surprise and thrill. This is the time to subscribe. I hope you consider it. And I hope I see you soon ..

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