Why NFT Projects Before 2021 Are Important | GaryVee Audio Experience: J1mmy.ETH

[Music] you know what you know is i've made tons of decisions along the way that hurt me financially but protected my community the garyvee audio experience vaynernation how are you i am fired up for a very special podcast one of the great ogs of on-chain ethereum nft land has joined me this gentleman is admired by the people i admire uh which uh makes it super fun we're gonna really jam here for a little bit this is going to be a very very good podcast i know it because i know i can feel my own energy and because what's been going on in the in the vayner communities like obviously nfts has been encompassing our 2021 so many of you are learning so many of you are prospering you're being educated you're watching out for scams your cynicism for a lot of you has thought out you're learning we have a balanced conversation of this one of the great things that happened to me uh in the process of be friends was being introduced by jimmy uh to jimmy excuse me uh and his company nft 42 which i've invested in they were the backbone in my partnership on getting uh v friends to where it was and how well it went and uh and what i want to talk about is just nfts og stories the state of the union i'm really going to interview jimmy here for my own enjoyment and you're going to be able to listen in but uh jim why don't you uh take the floor for two minutes give everybody your name your your company and a little bit about yourself sure yeah hey gary thanks so much for having me on here uh i've been really looking forward to this you and i have had you know some conversations throughout the months about nfts but i think you know being able to capture this knowledge and share it with your audience is incredibly important and a lot of has gone on in the last couple weeks since we caught up so we can talk about the current market and some some fun plans um i'm jimmy with the one j1 mmy dot eth you can find me on twitter and other places as gary said uh founded nft42 and also nameless avastars and tokensmart these are all companies in the metaverse and uh had the honor to work with gary on befriends and we've also as a result of that done some really great other things such as uh sotheby's uh national digital auction we got to work with sir tim berners-lee on his nft and a variety of other really cool projects i myself started in the space as a collector i bought my first crypto kitty december 5th 2017 and a couple months later after i had done my 50 hours of research a little late i realized that these things weren't as good as i thought they were and that's what really kicked off my passion towards building nfts and putting them on chain and that's really how i ended up meeting gary and having the incredible opportunity to work with him is that you know something i just could not let go and a conviction i could not let go of led me down this path that i'm on now so thank you so much for having me gary jimmy i have a luxury of like becoming your friend and and knowing something so before you got before december 5th 17 you buy the cryptokitty you were in tech right yes uh well i was in tech i was i was actually in the woods when i found ethereum which is why i found cryptokitties but i was in uh i worked for google um and i had come to work for google by starting my own uh business that provided google's uh gmail and other services to businesses and as a result of that business had the opportunity to work alongside google and then google actually um had me working with them on strategic projects where you know i was a good fit um so yeah i had been in the technical what about even before that before you started that company like like as a high school kid or a college kid right right were you a techie yeah i was the computer guy at the settlement company that i worked at you know i was the guy who helped set up the very simple network and set up everybody's emails but i was a settlement coordinator for real estate and before that it was a real estate agent and before that i was a loan officer um but i was always the the technology actually was introduced to me computers i was introduced to at a very young age uh we had an intellivision which i'm sure you remember snafu on in television still my favorite video game of all time oh my god that's incredible so i remember the football game and i remember pong and the paddles uh that was in her basement 1982 i think my grandmother how old how old are you jimmy i'm 43 i was born in 78. so and in 1982 or 83 my grandmother bought my father his first computer it was a dos computer with you know black screen and green green ink or green uh text and that was uh you know the very beginning you know i always was there and interested in the computers my father was always interested in computers i used to go to video arcades so for me it's always been like computers video games technology in that sense it was always fun um and because it was fun uh it was never daunting to learn and it was always exciting i built my first uh computer when i was 18 years old i think i built my first gaming pc um and then that's what led me to be able to build my ethereum mining rig i had the confidence to go out and buy six video cards and i figured if i could make a computer with one video card i could probably figure out how to make one that connected six and sure enough that's what allowed me to buy my first uh cryptokitty what gave you the re you you know i remember my eureka moment because it was five minutes ago you know eric aaron battalion big shout out you know he made me buy ethereum years ago and i'd always kept an eye on it but i really got crazy and you know i met rohan in the summer and be a top shot caught my attention but then it got real serious in december january um what what did you buy any top shots hold on did you buy it you know what i didn't rohm and i had i'm a big fan of obviously he's tying this all together for him but he's listening rohan was behind um crypto kitties as well which led he had his own you know journey which led him to building his own blockchain not on ethereum with flow and nba top shot you know i've never really talked to rohm about that to me that is a ambitious and smart business decision if you can pull it off you keep many more of the economics but he learned a lot things you know man it really it was funny we met in june or july i fell in love with it and him we talked a ton through the summer and the fall i was just trying to navigate vaynermedia through covet so i you know i had some crazy combos with rohan where i was gonna get like the one of one lebron like i was like really in it right but i never but then it exploded and i was so passive that i didn't think i could come and do monday morning quarterback i felt it was inappropriate for me to reach out to rohan and say hey you know those deals that we were kind of trying to verbalize i'd like to like strike on them i kind of never went there because i thought it wasn't fair because i dragged my feet you know because i was busy i just couldn't get and so that kind of sucked and i was sad i was like [ __ ] i was so on it but i missed the boat i literally owned zero top shot what was interesting was it's not because i don't believe in it it got so hot and expensive but i also thought that there was a supply and demand vulnerability which i think has played out yeah i'm i'm probably gonna buy the majority of my top shot in the next two years not first of all they were too much like sports cards unlike punks meaning if terry rozier wasn't going to be good there was like with with a crypto kitty at avastar a v friend you're playing in the disney wwf game with topshop you're playing in sports so even if it's the first nft basketball thing if the player is not good that's just like sports cards first card rookie card not good so i wanted to wait like i'm very hot on the melo and lebron top shot i just um i want to wait nonetheless um i [ __ ] remember oh yeah you're eureka why in the woods what happened had you heard about bitcoin had you heard about blockchain or was this all fresh yeah no this i actually did i knew i knew quite a bit about blockchain and ethereum so i lived in san francisco you know when i was doing all that stuff with google i was very aware of the technology i remember mount gox getting hacked and it was like 600 bitcoin that dropped down to like 400 or 450 i even mined some bitcoin in a browser in like 2011 or something i never like did anything with it it just stayed in there and then when i went back to i thought it was coinbase actually.com that was the site i don't think it was but i could never find the site where i did it and i never counted on it so i was aware of it i just thought it wasn't i wasn't a believer in the technology and what really really really caught my attention was when i was walking in the woods and a guy is telling me i'm walking on the appalachian trail i've been on the trail for like two months um and this guy's like yeah i'm making money while i'm walking down the trail and i said how are you doing that he said oh i'm mining bitcoin and i i said wow that's crazy and i remember asking him like how much is a bitcoin worth these days and i don't remember the price in you know may 2017 but my sense is it was like something like 4 000 or 6 000 whatever it was it was like 10 times more yeah blew your face off you're like wait a minute how long have i been in the [ __ ] woods yes like and like really like i had been looking i left my business in the in the middle of 2013 and decided i didn't want to work at google anymore in the beginning of 2014 and for three years i didn't know what i was going to do next i was lost i couldn't figure it out because i wanted it is that why is that why you went into the trail like yes i just like lost myself and i needed to find myself and needed to figure out what was next i needed so you like literally actually pulled off the thing that people want to do in the most literal form like people go off the grid to find themselves but usually it's within their own thoughts you went off the grid and actually stumbled on some [ __ ] dude that became the scene of you being where you are today it's incredible right like yeah you go into the woods you go find the answers and you know it's like some metaphorical thing like like very hard to be make a tangible thing but i actually did find the answers in the woods and really my goal was to walk all the way up to maine right i wanted to go the two thousand two hundred plus miles um i made it 750 miles and i feel like i failed but really you know that journey that walk that 750 mile walk was the beginning of my journey into nfts so i didn't fail turns out so that was then you just like flat out were like yes yeah so it was a couple weeks later i mean i was already i was ready i was done by then like i made it to virginia symbolically i was home because that's where i was born or where i grew up rather and so i was just done i got off the trail i did get distracted by a beautiful woman for a couple months but not too long after that i remembered that i was here to do a thing and i set up my mining rigs before uh in november of 2017 and that's when i got started and then you know the month later that's the cryptokitties were right there and ready for me and i didn't know at the time obviously that i was going to get into nfts i was into the altcoins i was doing all the trading but similarly to that epiphany that like machines can work for me and wow this is a real thing like when i saw kid the cryptokitties and nfts and i understood you could take two crypto kitties and make a new one to me that was like you can create new value out of these digital assets and there was something extremely powerful yet again about that it was like blockchain's powerful nfts are really powerful and that's like just it was this force multiplier for me and it it's one of those things where you know i have um i have attention deficit disorder and one of the benefits of that is that i can really focus in on something and and well i don't have a choice sometimes i just have to think about something over and over and over again and nfts happens to be the thing that i think about every day when i wake up so you know in the absence of of direct thought i think about nfts my mind wanders towards nfts so i get to benefit from that um in in that you know i'm always thinking about them and that's been the case for the last three and a half years so uh that's my superpower joey for everybody who's listening so you get crazy about nfts the 2017 2018 29 you know that whole thing like there was a real lull there it was real quiet in 18 and 19. tell us all us youngsters including me people that are trying to put history together 17 there's a moment right kitties there's a little bit of a moment here you know punks like it was out there do you remember do you remember you remember punks oh yeah i mean i couldn't justify paying like zero five each for a punk like when i could breed a kitty for point zero zero eight eight because i could breed like five or six kitties but i i there was like why was i gonna buy a punk i can't breed it like oh yeah i mean i totally remember all of us do that were around and didn't buy punks and then started to slowly all of us slowly but surely capitulated and ended up buying some punks um you have to understand first of all before we get to the the crypto winner and the nft winner like crypto kitties like i dogged it a little bit the beginning saying it wasn't what i thought it was the art's not on the blockchain i mean cryptokitties is still a better nft than most nfts it just was an experiment that apparently the mass market has not responded to in the in a positive way in the long run no one like you know all of me and our og friends we all have a lot of crypto kitties like a lot and you know a lot of our ideals and everything else were born out of the complexity of uh breeding cats and the um the um the random not the randomness but the statistical outcomes that you could achieve and like all of the deep genetics and everything else there was a like it's a complicated [ __ ] complicated but fun game and a lot of really smart people gravitated towards that um and then things like punks and uh were out there and already there but it wasn't super exciting to anybody at the time uh in particular because it wasn't you weren't couldn't do anything with them and it wasn't really there wasn't really open sea didn't exist and you know you we did all of our market stuff on the crypto kitty site directly um like v friends where you bought everything there but now like they had the second market there and they had all of the things directly on the site and only over time in you know the middle of near the end of 2017 beginning of 2018 maybe people started to use opencause there are some other nfts out there um and then super rare came on the scene and all this but cryptokitties came out it was really hot until about maybe march or april and then we were really in a crypto winner by then april 2018 and then from there on it was the die hards that were sticking in there and just breeding cats and hanging out every day talking about the future of nfts um that led into 2019 still in crypto winner but larva labs did auto glyphs and released that and that was a big pinnacle moment for me and giving me the confidence to go out and build an on-chain project in avistars but we're still in crypto winner i mean uh axes exist they you know i remember when they had worked their way up to 500 users that was like a milestone that they had 500 daily active users and and you like know everybody in the space at this point right because it's so small that everyone's and was discord the choice or did people hang out it was actually it was cryptokitties discord in particular like it was like cryptokitty's discord was the place and then accidents where everyone where everyone hung out yes it was like what you did yeah there was punk's discord right that existed but it was a small community yeah smaller just even more og than it was right yeah um but yes it existed it was there but it was curious here cards were not discovered yet no i don't even know what curio cards are to be honest with you yeah maybe that's something that's happened the last couple weeks that was rediscovered you know what i'm talking about curio though the first jimmy you know what i'm talking about the curio cards the ones that the apple the one the the 1175 tokens the the one that um are you serious that this is now officially the first project before punks are you so head down the last four months on your [ __ ] i'm i'm pumped with you right now i love the focus yeah yeah i saw it mentioned earlier today and i was like man what's that should i know dude i i i bought them like a month ago i knew about it even earlier it's the first project it was before punks oh sick dude yeah they like it's that's what's so beautiful about the chain it's like you can look back it's all on the record right absolutely a hundred percent i'm with you on that that's incredible i'll have to check it out man so joey so you're so so 18 and 19 are real dog days but you are you just did like let's just shoot this shot 2018-19 or dog days do you believe in those days you're in that place where you knew that it would look like this at some point maybe you didn't know it was gonna be summer 2021 but whether it was 2021 whether it was 2023 whether it was 2027 in the dog days of 18 and 19 you just have that kind of blind conviction about nfts uh i wouldn't call it blind conviction i would call it some like really uh um some deep gut trusting my guts instinct uh i would say that the conviction came in and my decision to go all in came in when i in uh may of 2019 when i decided to build avistars i sold my house um i borrowed money from my mom and i put everything i had the rest of what i had into making that a reality so that was the that was the moment where i i went all in and i didn't know i did not think and none of us thought that we would be having this conversation in 2021 none of us right it happened way too fast right yeah we thought like 2023 2024 that we would be at the point we're at now and that in the long run i mean in the long run yes i think this technology is like so disruptive and so groundbreaking um i believed that for since really you know cryptokitties you know february 2017. i think we all had that feeling that this could be really really really important and significant and that's why we thought cryptokitties would be the the main thing like we all like we all thought cryptokitties being the first erc 721 they literally created the standard would be it but there's way too many of them like in recollect there's way too many cryptokitties right now um they're they're not good personal profile pictures no one wants to put a cat as their profile picture for you know cats on the internet was cool when they released it in 2017 but you know they're not like no one's going to do it these days just doesn't work um i'd rather have an eighth cats versus apes who knows why but um and then you know really as beautiful as the collection is as much as i love the kitties um you know they made a lot of promises about what they were gonna do and then didn't do [ __ ] and i still haven't for three years afterwards so um you know it's proof that you know the community matters and the engagement matters and those road maps do matter like people do price in the road map but when you don't like actually deliver on what you say you're supposed to do or anything like that or when your lead developer lead person says the game starts when the kitty clock ends which is like the gen zeroes and then nothing happens after that like you lose the loyalty of your community so you have to do it if you're an entity project you have to do what you're gonna you have to like if you're gonna hype the project you have to like deliver on the hype otherwise like your shit's gonna die let's let's jump to the hype so when did you know [ __ ] was changing so 1819 is the winter 20 is when you start seeing the thawing out right yeah but you know well listen top shot coming from december to january like that's why but but jimmy when i look at punks you know because it's what's beautiful about the blockchain and what people are starting to realize about me i think i think v friends at nft kind of was a coming out party for me because it's been a long time since i did the social thing and so people have only known me in one way when i was doing real homework what was clear to me was there was a group of people that started to really bubble up in march of 2020 clearly something happened in march april of 2020 with punks it started to bubble back up yeah well i think what happened in part is just that a year had gone by since autoglyphs were out um do you think colby had something to do with it people had time because if you look at it so what's beautiful about what i did why i'm bringing this up is i just look at the sales i see that in march something started brewing again remember if i need to get your radar i'm trying to remember i mean some usually it was it's usually some other event where some external money somehow finds its way into nfts and then when that happens the people in the community notice the new money in the space and then everybody starts to consolidate around that of course of course of course right i'm trying to remember what happened in that time frame you're absolutely right like it wasn't you know right up until top shot it was it was 2020 that things started to pick up again uh i remember autoglyphs were uh doing really well because i had 30 i now only have nine but i sold on the way up i sell on the way up i hold on the way down so i only sell when the markets are in gold now it's completely out of control yeah absolutely it's just nuts but but really i mean i think so what you what i think you saw there and then like i'm sure there was some compelling event that caused that to start to run up but we had been in the space for a couple years and well one i think pranksy maybe did a big deal where he bought like 400 of them or something like that and then started to sell them because pranksy provides liquidity to markets at the bottom of the market which really needed to pick things up but people started to consolidate around punks and things because the value it was it was starting the conversation around store of value in nfts and how punks were a store of value because like cryptokitties are so many of them um axes had gotten the narrative out there that there was also too many cryptokitties and was controlling their supply so you start to get these narratives around that you have a fixed number of nfts and punks like that wasn't the way to do it initially like you didn't have this cap 10 000 supply but that because that was really like a crypto punk's thing that they did and now that's been what's caught on um so having that that's that store of value there and i think it was just the network effect of uh more and more people discovering then that crypto punx was actually like the real deal and that that was going to be potentially the nft store of value that narrative i think really caught on in a big way um and then as soon as uh top shot like popped up like so a lot of us bought into top shot in that june 2020 time frame that's one of the reasons i was asking you if you did get in because man i mean i remember i spent like 35 or 40 thousand dollars on uh top shot series one packs like i was buying you know a ton of packs and you know a lot of us nate alex myself um were like kind of regretting how much we had spent we thought we had spent too much and it was kind of silly um other than it was crazy other nfts were doing fine but then yeah it was you know december into january of 2018. why why and so you guys were comfy what did you guys think about it being on flow did you guys think that that was you know and again they're you know these are people behind crypto kitties and there's a little bit of like you know i guess with some of the disappointment of some of the stuff that you talked about just earlier there was still a lot of love for the ogenesis still is like like yeah we love dapper we love rowan yeah you know still love cryptocurrencies but it makes sense yeah and and like we believe in what they do right like they do know how to market the [ __ ] out of their products and get the the network effect so did you sell a lot of your top shot at the height i i still have like 1700 series one i think i'm still like the 41st best account like on ranks ranked account but yeah i mean this car i'm sitting in right now i purchased entirely with cash paid for it completely from top shots so um yeah i mean i probably sold over a million dollars worth of top shots in january february so then what happened like when when um you know top shot starts popping off in the fall and winter yeah what's the next big moment in like okay this is taking another step honestly i think it was the friends gary i think it was v friends like you know top shot was like in full swing and then it started to lull um and then you actually went into full because we talked and you were going to do this project and you know you made the very wise and tough decision that you were going to introduce your community to nft's the og way you were going to bring them in and teach them how to use ethereum and metamask and you know while everybody including nameless my my company is aiming towards making this as easy and frequent frictionless as possible letting people pay with credit cards in the long run and everything else you said that you know you wanted to do this sooner than later and you understood that the technology was actually more robust at the web 3 layer than at the credit card payment layer and everything else and so you started educating your users you decided to go out there and teach people who never learned about nfts or ethereum or a metamask wallet these are daunting things to explain to people and uh you went out and taught them and you have 140 000 people plus your you had 140 000 people in you know april may time frame in your discord like you have more now i'm sure uh and you had over 4 000 new wallets purchase your nfts on that launch bringing 4 000 new nft owners for a premium nfts into the space um was a big watershed moment that like really taught a lot of people about nfts it proved to the community that we weren't just the same small group of people like seeing those numbers i think kygani actually purchased did some analysis on twitter and said you know here's the crossover between different nft projects and owners and you know vfr stands alone and this is like a powerful [ __ ] thing like you have over 4 000 users um and typically a project's gonna have anywhere from you know a thousand to four thousand people you're at that top end right you topped out on that and they were all new people i remember on launch day you know one of the things i was doing on the first week during the sale was i was providing support for the users whose yeah transactions got stuck and this is not an easy thing when your transaction gets stuck you know enough ass and all i was impressed that like i probably helped probably two dozen people get their transactions unstuck and make that first initial purchase um and uh they all got it done like they all were able to get i had to explain to them we had to go through it but they all got it done and i was really impressed how intelligent these users were because i've helped i was a moderator in cryptokitties discord as a moderator and top shot discord um i've got my own discords with like avistars and everything else like we've helped i've helped a lot of users and uh it was always hard to get through to people and help but your your community listened and was excited i couldn't believe it like how excited they were too like purchasing these nfts like they were just so excited every may so i mean your community is amazing so i think that was a really big moment for nfts as v friends um it showed everybody the power of these things when you combine it with a brand and somebody such as yourself to bring it to bear what's amazing about that week in that general area is we were supposed to launch on the fifth we launched the 12th as you know intimately you were there in those meetings you had me and cubans and me and cuban and um chamath showing up on cnbc starting to say the words nft yep i remember uh actually i actually think and we i know that you just forgot i forgot now i can remember what actually was the next moment in our timeline was the people situation oh yeah absolutely yeah so yeah people going you have punks getting really crazy in january because that's what i was buying you had people you have me chamath and cuban on cnbc uttering the words nft i remember i said flamingo and maybe bitsky and something else and like people are like twitter was like i cannot believe those words were set on cnbc yep um and you're in flamingo now right i am in flamingo flamingo explain to everybody what a dao is distributed autonomous organization d-a-o is a dao uh and what that is is it is a it's a club that um there's different forms of it the one flamingo a for-profit uh basically organization uh where you're less than a hundred members it's a delaware llc and the way it works is uh collectively uh up to a hundred of us uh decide and vote and invest a community fund into both infrastructure in this case nft and metaverse infrastructure and directly into nft assets themselves so it's basically um a metaverse version of a club that is very real and can have very real assets and you can have an impact on i don't i don't know how to explain any clear you know i think it's great yeah it's a it's a decentralized investment vehicle yeah at a vc firm like my fund like i make the decision in in a dow the things that they're gonna buy is done by the group yep and not everybody votes all the time but enough people vote you reach a threshold and then things happen and it's really great because it gives me exposure to things i wouldn't normally pay attention to or invest in either so jim jimmy what um okay so and then you're about to mention people did people i actually think i actually would argue people nifty gateway was a big part of all this as well very much i would say people hit the globe because 69 million broke everyone's face yes yes and made from page news yeah everywhere in the world so i would say nba top shot people the cuban me chamat cnbc thing was a little blip computer i would assume so but you know he's got so many big things going on he might have got sidetracked yep you know i was incredibly close to buying kitties in 2017 and if i did my whole entire trajectory would have been different because then i would have gotten i don't know what i would have done wow by the way what if you actually were in the space though with us for like the last three years and like i'm kind of quiet about it because it was like i don't i don't think i would have i don't know how to be quiet i would have been loud and it might have changed it's true it could have come a lot sooner right i mean then what's even more fun for me is the week that we were going to launch this tiny project that nobody knew was brewing board api club comes out and [ __ ] i mean i literally have one of the most successful projects that's ever been launched board ape comes out and launches up in my opinion i mean look at the floor right now it's a more successful project you know you know like in economics right now at the cost that people got in you are one of those people you know like i commend them so much now secretly of course i think be friends is going to be bigger than punks to nba topshop and board api because that's who i am and i'm playing for 40 years and i know what i'm going to do but that also i mean talk about an amazing time in the history of nfts that comes out as well and then you get the pranksies and the beanies and the g money some of these call it influencers in the space you like there's a lot going on so what are you feeling like in march april may like it's you're like what the [ __ ] just happened uh i mean i think that describes it pretty accurately for me you know it was like apes was like the big moment like i had a big pop off with nba you know i still have a good collection uh i made a good amount of money in the beginning of the year wow how great are nfts but then board apes like seeing that pop off and then how many board apes did you make how many did you mint yeah yeah so i made i minted 420 nice and memetastic how many how many how many how much were they point zero eighty so i spent about twenty six to thirty eight or so like i think roughly um i did it all within the course of a couple hours i went from someone tweeted about it and i was like yeah these look okay but they're not on chain because i'm all about like i want the art no they're on ipfs they're they're like you know they might be putting some stuff there but yeah no i mean it's basically on ipfs there's no like metadata on chain it was a good project but like most projects have not innovated too far board apes included board apes had really fresh art though i looked at it i was like wow these actually just look really great and there's it is 10 000 it was their own custom contract they didn't do it on like an open c storefront or something so they put an effort and uh yeah there's i bought four like i bought about a hundred and then i looked and i was like oh i thought i got the ones i wanted and then i saw someone had a gold ape and i was like oh no i need gold fur so like i went back and started buying more and then i told pranksy he was awake by then and i was like hey man like i posted it in one of my groups that we're in together and i was like hey anybody want to like check these out and frankie was like oh wow these actually look pretty cool i'm going to go in and then he tweeted about it he was buying him at the same time and everybody started buying them just everybody like this as we're filming this it is on the verge of hitting 10 8th floor it's nine nine right now kenny's what for what uh yeah holy cow yeah just exploded that's crazy so yeah i mean that was and then so gary though i want to i want to say like i gave out probably about 100 of these things i know you did i did you gave way to people you gave you gave me five that's how i have that yep i gave them away to people because i was like this is a cool project this is going to do well the reason i do that and i do that a lot i give away a lot because people say like i'm basically hacking people's minds i am planting the virus directly the nft as deeply as it can be placed when i give someone something that i know is going to go up in value and that they will see the value of it like i give it to them and then they get start getting offers on it from open c and they start getting offers and they're like of course holy [ __ ] like race is incredible and i can't say that and i also think i also think you care about the macro space it's the reason i got so excited about world of women right the reason i like world of women currently and it's doing really well and i gave it a real push and you know i think i only i think i have 60 or 80. right i don't remember how many times i hit the 20 max mint right i haven't you know i did go buy goddesses which is kind of the top one in that game outside of the one you know they did something interesting they they did certain tokens to get a percentage of the rake oh that's very cool so but the reason i like that one is i just thought it would bring more new people into it yep it's a you know it's a very early tech there's a lot of bro energy in you know nfts just a lot of males right a lot of white male like and i was like you know what this is good for the space i want to i love the art i like fame lady for the same reason like i like i want different type it's why i bought justin's photography this is photography yeah you know so for me it's like i want to help i mean this this thing i'm doing on saturdays now where i'm like if your project failed please share a link and then i pick one i buy one and i share it and then the artist's life is different it's [ __ ] fun amazing yes this is exactly so you're you know you and i uh you know are taking a similar path here right we're trying to evangelize the overall tech the macro of it all we want to spread the love you have you have the great advantage of being a true og everyone respects you when i came in i mean look let's go spay the spade the friends not supported by the og community even though i was part of the community for four or five months i was like like some of the and people that i've had nice relationships with you know like ultimately people thought it was a conference token the art wasn't good they really [ __ ] up and the fomo is real now and i'm enjoying it yeah no absolutely you came in and you made like you made the friends collection the way you wanted to make it and what you saw was the og community saying we don't really think you should have made it this way and they were wrong right they and i have a lot of empathy for the og community like they still think like a lot of i first of all my sitting now is in a very different place i'm so grateful and i wanted to earn the og community's respect because i respect the og community it didn't hurt my feelings that people didn't support it i understood why they weren't sure if the second it was over you know what really caught me off guard jimmy is that and you know this the go tokens that gary originally owned i was surprised in that first three you know three days where i was like oh [ __ ] they're not gonna support it i was surprised that nobody said if gary's doing a rug pull and a pump and dump and a quick cash grab the [ __ ] is he keeping eleven percent of all the inventory for yeah well i'm so fascinated by that it's funny because you must have been an interesting spot danny danny an og punk guy really supported but like you must have had some funny one-on-one discord text conversations because you obviously knew me at this point we've been so nice so i'm biased one right because i support i helped you build this project so like people knew that like i was for the project i personally purchased uh i think i purchased 12 to 14 v friends um and i bought a lot of those at the top of the duck show auction because i actually thought it was going to sell out because i i mean i'm about it gary i'll tell you right now and you know and you know this i am firm on this to everybody if the metamask bug wasn't there and because people saw eighty thousand dollars in gas fees if we didn't have that bug the whole thing would have been different i mean it was a it was a couple tough hours there because because for four hours because it was an hour and a half we were down and then two and a half more hours with the bug and by then everybody said wait a minute why am i gonna pay top because nobody was like everybody was [ __ ] up yep yep had i had i got an auction not dutch auction it would have went the other way but i wanted to protect p you know what you know is i've made tons of decisions along the way that hurt me financially but protected my community yes and the fact that that you decided then after that issue happened that and you realized that you weren't going to get the immediate sell out at the top of the dutch that you wanted you actually shifted 180 and you're like okay we're going to deliver as much value to the community as possible and we're going to highlight when we hit the floor i also did something else i made i knew we're gonna hit the floor and i decided i would never publicly talk about it i was only gonna talk about it in the discord so that my most hardcore fan do you know how i feel right now i have a bunch of people who barely could have who didn't have deep pockets who were able to buy a 45 at 0.5 right now they're at six they've 12x their money yep now that's not fully true because ether was a little high during that time so still next or eth which you could play out like i'm getting a text every day a dm and a discord message every day that i completely changed people's lives and not only that this is why they know about nfts they bought cool cats they bought you know some uh board ape they they my community has crushed at least of this second world of women like this is like really hard oh yeah absolutely like be friends that's what you did you created wealth for your entire community and that wealth has i haven't even started dude not only have i not only started i want to say though by the way there were some ogs that like haven't like probably been able to like tell you but that have supported you and what you're doing from the very start and you said you brought up gift goat and that was the one where they're like gift goat should be one of the best because he is going to be continuously delivering that there was a ton of og's that supported me like many i've talked to many i'm pumped a lot more didn't and this is why i love the ogs and a big percentage of them either privately which i incredibly appreciate but the super ones the 5 to 15 that have publicly come out and said i missed it i was wrong yeah that's just that's very nice of them yep absolutely i love the og i lived this with web 2.0 anil dash jason kotke andy bio like like when i came into that those og bloggers i like re i still hold them up on a pedestal even though the garyvee thing really took off and that's what's gonna happen here too no matter how i think i will be the [ __ ] guy when it's all said and done i'm with you on this game but you and danny and and and and pranks and many many many justin like so many people and g money like they'll always be in a different pedestal for me because they were [ __ ] there yep yep i know i know it so uh we're gonna go a little bit more but we also have a massive if you've been listening this long and i didn't want i was gonna do it up front but i'm like [ __ ] it i want easter eggs to go to the people that really [ __ ] with us we have a major surprise at the end of this podcast uh we'll get to that in a minute as a matter of fact we have not talked because we're so busy i don't even know where we're sending them for this major surprise so i'll probably have to record that later i'll do that at the ps at the end of this podcast you'll see what we mean in a minute we'll announce it then we'll work on putting this together this week and then dustin i know you're behind right now listening i'll add that post production which we never do but i have to add it to send people somewhere for this massive surprise but i'm not done yet we'll get to that in a minute to me now what you know what are the what are the exciting things and what are the watch outs because what i will tell you is the demand is growing new wallets are joining every day but the supply is going to outpace it the amount of ten thousand pfp avas you know avatar like prop projects that are coming out are coming out 10 a day 15 a day yeah yeah i think you've been preaching the right uh gospel here for the last four months um in in saying that you know most of this stuff is not going to be worth anything in a few years um you know there are going to be high value projects and high blue chip assets let me go to the crypto slam we're not going to pick on anyone because that's not appropriate but i'm going to go to crypto slam let me give an example i'm very i want actually i want to go the other way i want to give gaps to stoner cats meal and ash to put themselves out there of course no punks comics you know by the way donor cats has caught a lot of flack from emojis right i know but i want to say like i have been i know maria very well as one of the people involved with the project and i respect her a lot and she's consulted with me for months and months and months on this yeah in a very unofficial capacity and i believe in that project in the long term just like i believe in v friends they are doing this for the right reasons they're messaging for some reason to not break through um but they are doing a disruptive model with nfts yeah and uh i think what they're doing nxps will fully take over all crowdfunding yes and they're doing this with studio model people i love it people are like oh somebody's gonna do a stoner cat thing if they wanted why are they saying that the studios won't make this the studios wouldn't make this and they wanted to the studio 99 of things you talked about filmmakers are about to love nfts once again i mean why the hell wouldn't uh a distributed community want to embrace something where they get to decide content that's made instead of because ash and emil are famous i mean just who cares if they're famous they're cool as [ __ ] they're in nfts listen i'm with you anyway nonetheless i'm just gonna bounce around a little bit no no it's okay gutter cat gang great project wicked cranium's got big love for that bulls on the block i got love for them um this this the the bogu i don't know how they pronounced that that's gotten really hot this week royal society of players really interesting game these are some of the people in the top things uh go gutter rats uh top dog beach clubs got a little something going on voxey's uh you know cyber kongs has got a little something going on like so there's all these projects right [ __ ] man like i know for fact not because i know anything about these projects by the way it's just supply and demand consumer behavior a lot of these won't be at any price in you know 23 months uh going back to crypto slam we're gonna go way down to the hundreds let's just look at a couple that maybe had some noise in the past you know a couple months like um you know my [ __ ] pickle right remember that little they've been oh yeah oh yeah right that they've done a hundred dollars in 184 dollars in secondary last 24 hours right who's gonna buy the pickles guys look at look at look at look at chubbies right i was super hot about it was the first thing i got excited about i love the art little did i know the art was stolen that [ __ ] got hurt right deadheads was a project i like the art hasn't really taken off i mean you know like it's you know like a lot of these things can't potentially sustain right right and there has to be like people interested in even buying them at all otherwise they're literally worthless if there's no market if there's no buyers for these things then they're not actually there because there's gonna be consolidation they'll inevitably be a little bit of a winter around don't forget in two days you probably i know you saw this stat open c in two days to 91 million yep and open uh correct me i know it's in the 90s 95 million 95 million and in the year 2020 which oh by the way was eight months ago for the entire year of 2020 they did 21 or 25 million yep yeah so that means and that means over the weekend in two days open c did 4x 5 almost 4.5 x 4x what they did the year before the year before over two days so let there be no confusion we are in a [ __ ] tsunami right now obviously bull run bubble right now like this is as bullish as it gets you should not be buying nfts right now you should be selling nfts right now while you should be buying because here's what's interesting it's like a funny thing i'm with you the problem is there's a project right now that is actually the one in five years and is and and that becomes the game do you know do you understand what's your intuition it's like anything it's investing it's real estate it's stock it's it's just real but it's but when i made a video earlier today but it's [ __ ] fun in a different way yes like so so look so i don't know if this is gonna be perfect and this was a thought i had at like two in the morning when i'm half asleep but like what i think we are doing right now is we collectively the nft space we're that group of kids in the movie the goonies and we actually like found the [ __ ] treasure like we actually found the treasure breaking news a very wealthy very prominent person just texted me 7 23 it's now 7 25. two minutes ago i just saw it pop up i'm sorry to interrupt you but we're really trying to educate people what's brewing literally i'm gonna just read it uh i'm not gonna say who it is know anyone trying to move a zombie alien or ape oh [ __ ] this is just what's going [ __ ] i'm finished your thought i'm sorry go ahead no i think we're the goonies like i think we've actually like found the treasure we saved the town but like the town is actually like our imagination growing up and like the promise that there was going to be cooler [ __ ] that came after like the 80s and the 90s and the early 2000s and like you know just the ideas that were born in those times around technology and where the space was going and i think like nfts are actually like the solution to a lot of those things that connect the fun that we've been having in video games and in sci-fi and all that to actual like a form of reality and so like i just like think that like it's the funnest time to be alive in technology because we get to like we just get to make it all up in a good way now like all of us have grown up around like these video games and like these gamification mechanics and all these things and now like there's serious money coming in behind all this fun so like we're actually gonna continue to be able to get a lot of you know you know let me give you a comp you know it was a lot of fun and then serious money came along just not in the last hundred years what is it it's called sports yes perfect yes like let me this is what i'm good at analogies here you go friends sports used to not be a business baseball teams and football teams made no money they were unorganized this happened this was a humanity there was a time where there was no major league baseball there was a time the nfl is a new business like people don't get it sports this trillion dollar thing that we all accept is a trillion dollar thing you like this one jimmy right dude i just got the chills man it's a good one right i just got the [ __ ] chills we just happened to be around when this nft thing happened and it is going to gamify everything yes yes and it disrupts everything all right let's drop the bomb on them jimmy i'll give you the floor what are we doing well so you know when i was looking at uh that chart uh that i referenced a couple uh like 20 minutes ago or 30 minutes ago that this guy kaigani made kai um it showed that like v friends had the most unique holders in all of the nft space like the the best like most like organic community created newly created community and so i realized that there was a really great opportunity if like projects could get the attention of v friends that they could actually flourish because like you said the friends are killing it right now that your community is killing it they're able to get involved in other projects and i was like you know i wanted i want to basically find a way to get avastar's in the hands of as many v friends holders as possible so what we started to do was something called project terminus inside of avistars and that was we started to mint out the rest of the avatars from our own company account um with the intention of uh allowing uh v friends owners people who own a v friends as of a date about two weeks ago in the past actually um to go in and claim one of i think 1300 uh avastars that will be available for free if you have a v friend uh in your in your metamasker and your your cryptocurrency wallet um there's not there's not enough for everybody yep this is first come first serve so friends what you're hearing right now is one of the great og projects created by one of the great ogs of the space i think i'm i'm just going to make it public i'm going to go and buy some more of these out of stars on the open market because i think you're seeing it happen moon cats is going through it right now like pre-2019 projects are gonna have their day they may not all be punks but they're gonna have their day and i think avatar is the first on chain like fully on chain personal profile picture project they're there forever i think you're going to have a day jimmy and so the fact that we are going to allow the vayner community the v friends community actually specifically if you owned the be friend by a proper prior day because they had a mint they had to execute it at a snapshot of the wallets yeah so uh when i do my post it's fair that way it's fair yeah no you did it buy one right now uh first 1300 people are gonna be able to grab a free avastar which i think is very very very gracious of you thank you it gives a free asset and by the way i was telling jimmy that you know i've got to think brewing with befriends where i've got a whole concept for v friends that if you own a b friend we're gonna help new projects kind of launch we're gonna i'm gonna do that url in the post production too because we kind of just decided to record this right now we're gonna do before but uh at the end of this there'll be a pause and i'll give you the details of where to go both on v friends to if you're a project making a new project and you want to give away 555 coins to befriends people in your launches you'll have a form and then there'll be a second place to go uh to for the 1300 of you that own a beef friend to get an avastar i'll do that in post-production what an incredible gift from jimmy not only to reward 1300 v friends owners with an avistar but it became the micro seed of a new macro strategy for me with me friends i kind of that's what i do i hear something and then i build on it i'm going to help emerging projects i'm going to do two nice i'm going to sit in the middle i'm going to help emerging projects get distribution from a great community so that 555 tokens that are going to get into people and then i'm going to help every v friend holder in the world continue to amass things could you imagine the amount of i'm looking to do this often so this is just the beginning of new innovations and that's what we're here for dude holding a v friend like uh it sounds like that is the play right now yeah it becomes an asset builder right every new project and god forbid one of those new projects is board api club there's gonna be people who are gonna get a free token airdropped that will eventually be worth more than their befriend because that's just what's gonna happen eventually one of them's gonna hit what about when someone figures out that they can just like create a collection of 555 and nothing else and give them to your community for free and then create value really thinking anyway brother i love you love you too gary everything you're doing i i'm i'm about it because he's a big fan and i'm so honored to be a part of this dude nft42.com if you want to figure out how to do a project he's building a massive we didn't even get into that maybe another time right you know why i think you might become a very unusual person in my ecosystem you might become a regular of the podcast actually if you think jimmy should be a regular podcast hit me up on twitter i want to see those comments thank you everybody listening uh and now i will give you the information of the exciting things we ended with all right everybody here's the ps if you're just listening to the epic podcast with jimmy if you want to know about the avastar's giveaway to be friends it's garyvee.com avastar's popped up right here i'm sure in post-production and if you want to know about if you're launching your own nft project and you want to give 555 tokens out to the fee friends community go to garyvee.com plp the plp youtube watcher what's up it's garyvee first of all thank you so much i hope you're doing super well during these times i also want to ask you please subscribe because my commitment and exploration of youtube is about to explode stories polls more content more engagement more surprise and delight this is the time to subscribe i hope you consider it and i hope i see you soon you

Channel: GaryVee

Views: 125,495

Keywords: Gary Vaynerchuk, Garyvee business, gary vee, gary vaynerchuck, garyvee, business, success, entrepreneurship, entrepreneur

Id: _GmzTgUGPU4

Length: 56min 19sec (3379 seconds)

Published: Fri Aug 06 2021