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And today the cheapest one is worth 8.3 Eth or $37,000. He sold thousands of them, and completely sold out. People bought these for about 0.5 Eth or $2,000 each. And as Gary continues to rise in popularity, these NFTs go up too. So this is a way for many of his fans to actually show thanks and and give him money. Gary doesn't have ads on his podcast, or ask for donations ever. People appreciate what Gary has taught them over the years and are more than happy to invest in him. In 2021 he launched the NFT "VeeFriends". Gary has also written like 5 books, and is endlessly giving his knowledge to people. I believe it's the biggest podcast about marketing out there and has over 2,000 episodes. If you're not familiar with Gary he has a podcast called The GaryVee Audio Experience where he talks about marketing. Gary Vaynerchuck launched the VeeFriends NFT. And you wouldn't ever see a company make just 1 stock available for someone to buy. But instead of investing in a company, you're investing in a creator. I like to think of an NFT like it's a stock. He has thousands of fans, why let only 1 have a token? It's better to make a lot of items, hundreds or thousands of items for people to have. First, having such a low amount of tokens is not recommended.
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But there are a few things I hope they learn from this. I don't blame them though, nobody knows what we're doing here. I don't like how either of these attempted to launch their NFTs. It had one bid for 0.01 Eth (about $40) but it was not accepted. Starting off for sale at 3 Eth (~$12,000) and was lowered to 1 Eth (~$4,000). The Dexter Guff one was just a 1 of 1 item. About 20 people bid, and they accepted 2 of these bids. Instead let people bid and they would manually accept bids as they came in. Here is a link to their NFT.īoth of these saw little to no activity. The first podcast that I saw to launch an NFT was Techmeme Ride home.
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Which means you're invested, which means when the podcast wins an award, you feel proud of your investment because you have skin in the game. But with an NFT, when you buy one from a creator, the creator gets money, but that NFT is also worth money that you can sell later. You can't ever get your money back when you give to a creator on Patreon. With Patreon you aren't so much investing as you are empowering. When you buy one of their NFTs and their popularity goes up, chances are the value of their NFTs go up too. NFTs can be viewed like owning stock in a creator. But let me try to convince you right here. Some readers might think NFTs are a scam, or stupid, or worthless.
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But how does a podcast launch a successful NFT project? NFTs Best Explained There is no doubt that many podcasts will eventually launch NFTs. Many artists have earned life changing money during this time. 11 min read Photo by Stormseeker / Unsplash.