- Entrepreneur and influencer Gary Vaynerchuk told CNBC that NFTs are “terribly misunderstood.”
- Vaynerchuk, with 2.9 million followers on Twitter, is the creator of the popular NFT series Vee Friends.
- “We are living more and more in a digital environment, and NFTs are an asset to tell who you are,” he said.
Entrepreneurs and influencers Gary Weinachuk He said there was a serious misunderstanding surrounding the field of digital assets and focused on the debate over whether non-fungible tokens are valuable.
NFT Bull and Vayner Media CEO Interview with CNBC Wednesday I went Viral On social media.
“I think NFTs are terribly misunderstood,” he said. “People thought Andy Warhol and Jackson Polox shouldn’t be worth it. People thought sports cards shouldn’t be worth. People shouldn’t have sneakers worth. I thought it wasn’t. ”
People who try to value something based on their own opinion continue to “make me laugh and have been historically wrong”, adding that the market decides if something is worth it. rice field.
He said he wasn’t trying to put a price tag on NFTs, but was trying to understand why people buy NFTs and compare them to luxury handbags, sneakers and cars. “It’s about the brand.”
The difference today is that people are projecting themselves more online, pointing to teenagers on gaming platforms such as Roblox and Fortnite.
“We are living more and more in a digital environment, and NFTs are an asset to tell who you are,” he said. “And that’s what humans have done forever — I bought things for communication, and NFTs will be a scaled version of it.”
Also known as Gary Vee, Vaynerchuk has 2.9 million Twitter followers and is the creator of the popular NFT series Vee Friends. The price of one VeeFriends NFT is currently 13.25 ETH, or about $ 41,000.
The NFT market surged to around $ 41 billion in 2021 as celebrities, artists and investors flowed into the early Web3 space, approaching the size of the traditional art market.
That momentum continues until 2022. Over the past week, NFT sales have exceeded $ 535 million.
