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"Are NFTs Dead?"

Published on: November 26 2022 by Jordan Welch

"Are NFTs Dead?"

"Are NFTs Dead?"

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00:00:00 00:00:04 are nfts dead i mean last year it seemed like  everybody was getting rich from them but this  
00:00:04 00:00:09 year i can't say the same so we decided to  fly to the world's largest nft conference  
00:00:09 00:00:12 to get down to the bottom of it  and see what the people have to say
00:00:14 00:00:18 yo could you be in my youtube video for a  second i love the shirt i think it's perfect  
00:00:19 00:00:23 how much have you invested in the nft  so far to be honest over six figures  
00:00:23 00:00:28 my first nft was like a hundred dollars and it  kind of just went from there last question are  
00:00:28 00:00:32 you still buying nfts in this current market  the only nfts that i'm buying right now  
00:00:32 00:00:38 have to do with like utility so a great example  of that is like nft domain names so thank you  
00:00:38 00:00:42 appreciate it that was okay yeah you killed it man  thank you who's the force roughly how much would  
00:00:42 00:00:48 you say you've invested into nft so far 30 000.  are you going to continue buying throughout this  
00:00:48 00:00:53 bear market are you kind of waiting it out we're  buying for sure well thank you have a great day  
00:00:53 00:00:58 bye first floor was cool but there are nine floors  total in this building and i heard on the top  
00:00:58 00:01:03 floor is where the real meetings are going down  so hopefully we can work our way up there today  
00:01:04 00:01:08 would you mind being in my youtube video for  a second first off how much in total have you  
00:01:08 00:01:15 invested you could give a rough number into nfts  half a million yeah and have you been able to make  
00:01:15 00:01:21 profits from that right now overall overall yes  i have that's great yeah thanks man appreciate it  
00:01:21 00:01:25 after that we started having trouble getting  around this event i mean it was extremely  
00:01:25 00:01:30 disorganized and there were dead ends everywhere  at some moments it kind of felt like a bad dream  
00:01:31 00:01:36 yeah this is getting ridiculous we even went to  the main stage of the event and still something  
00:01:36 00:01:42 was off where is everybody the entire room was  pretty much empty and the speakers yeah they were  
00:01:43 00:01:48 interesting honestly i was losing hope  we out man we gotta go this is not it  
00:01:48 00:01:51 it's not what i came here for i was  almost ready to leave the event for the  
00:01:51 00:01:55 day but then i met this guy and he actually  helped me get to the vip floor of the event
00:02:01 00:02:04 once we got up there i started looking  around and i recognized an old friend  
00:02:05 00:02:09 alright guys we're here with my boy sean kelly  what's up bro thanks for coming on the channel  
00:02:09 00:02:13 so roughly how much would you think you've  made from these ventures in the nft space  
00:02:13 00:02:16 well that's a funny question because  right now crypto's down a lot right  
00:02:16 00:02:21 i kept all the money in crypto so tiknically  it's a lot less than what it was but  
00:02:22 00:02:27 close to eight figures wow that's impressive bro  do you see any opportunities for new people that  
00:02:27 00:02:33 are just getting started absolutely it's all about  taking your skill set from the web 2 space all the  
00:02:33 00:02:37 stuff you learn from e-commerce and applying it  to the web three space and i think if you could  
00:02:37 00:02:43 do that like how i did with marketing then there's  there's ways to succeed yeah and lastly are you  
00:02:43 00:02:50 still buying nfts in this bear market so i'll buy  nfts if i think i'll get access um to a a really  
00:02:50 00:02:55 good community like i just bought jen's croquet  club nice i have a mutant ape so if i see value  
00:02:55 00:03:00 in the community i'll buy it i'm not a flipper  though so i actually never sell well respect  
00:03:00 00:03:06 bro thanks for coming on the channel all right so  nftnyc was all right but we got word that there's  
00:03:06 00:03:10 a better event a couple blocks away with some  real big dogs so we're gonna go check that out
00:03:13 00:03:17 we just arrived here at the shopify  headquarters because one of my friends  
00:03:17 00:03:22 is actually hosting an event he owns a top  50 nft project so let's go see what he has  
00:03:22 00:03:28 to say this event was actually way better  than the nfc conference there was a bunch  
00:03:28 00:03:32 of my friends there and i ran into somebody  that i thought would be perfect for the video
00:03:34 00:03:37 all right guys so we're here with my boy luke  belmar good to see you brother yes sir good to  
00:03:37 00:03:42 see you as well this guy is one of the smartest  people i know when it comes to crypto thank you  
00:03:42 00:03:46 first off can you tell them a little bit about  your experience with nfts over this last couple  
00:03:46 00:03:53 of years so the last couple years got into crypto  2017 bitcoin was i think 600 500 bucks any money  
00:03:53 00:03:58 that would make for my job i'd go to the atm i'd  deposit it buy bitcoin on bitstamp people don't  
00:03:58 00:04:03 even use bitstamp anymore bought nfts super  early pudgy penguins we bought the company  
00:04:03 00:04:10 uh board apes at 4e just early bro and the  message is you need to believe in something  
00:04:10 00:04:15 and make few high sizable bets so from being in  the game for so long how much roughly would you  
00:04:15 00:04:20 say you've been able to make from nfts tens of  millions of dollars from nfts tens of millions  
00:04:20 00:04:25 of dollars from crypto i've also lost millions of  dollars in crypto and millions of dollars in nfts  
00:04:25 00:04:30 so it's not all upside what's the opportunities  or the one opportunity that you see out there  
00:04:30 00:04:36 for people just getting started become better  if you didn't make money you know 2020 to 2022  
00:04:36 00:04:40 you're in a tricky situation yeah i would  recommend people over the next couple years  
00:04:40 00:04:45 really focus on creating wealth and making money  and eventually that will deploy into the market  
00:04:45 00:04:52 when you adapt and learn so number one opportunity  uh becoming better i think if people focus on that  
00:04:52 00:04:56 nothing else matters all right so it was  great toking to luke but there's actually  
00:04:56 00:05:01 one more person that i still need to tok  to he is the owner of one of the top 50 nft  
00:05:01 00:05:09 projects and he actually hosted this  entire event so let's go get him
00:05:12 00:05:16 i love my guy jordan man that's a little bit  we'll get back right into the topic we're here  
00:05:16 00:05:21 with the boy luca nets first off tok about your  journey with nfts over this last couple years  
00:05:21 00:05:26 i started an nfts last summer when you know things  started to kick off it was apes punks and penguins  
00:05:27 00:05:32 and you know a couple months ago the opportunity  came to acquire the project and i was like look  
00:05:32 00:05:35 my expertise is in branding and building companies  and i was just like dude these penguins are going  
00:05:35 00:05:40 to be big so like let's just make it happen i've  been doing this for about the last 12 months and  
00:05:40 00:05:44 i'm completely in love with the space so and  how well have you been able to do like roughly  
00:05:44 00:05:48 how much money have you been able to bring in  from some of these investments in the nft world  
00:05:48 00:05:54 yeah probably trading nfts between you know six  to seven million bucks profit and then unrealized  
00:05:54 00:05:58 probably another couple million but i've realized  like five to six million dollars trading in ft  
00:05:58 00:06:04 first off congrats that's sick now in this current  market with nfts do you still see opportunity for  
00:06:04 00:06:09 people that want to get started yeah so i actually  got into collectibles about two and a half years  
00:06:09 00:06:14 ago during covid and i was collecting sports cards  and you know me i have the sneaker store in los  
00:06:14 00:06:20 angeles and i'm just a huge buyer and seller of  things nfts and digital collectibles remove all of  
00:06:20 00:06:25 the friction of traditional collecting you know if  i bought a sports card and i spent maybe a half a  
00:06:25 00:06:30 million dollars on sports cards there's insurance  there's chances of getting it lost waiting for  
00:06:30 00:06:36 paypal to deposit the funds two weeks later you  know will somebody buy it the bid process it's  
00:06:36 00:06:41 really archaic and prehistoric and if it was an  nft i could buy it and sell it instantly money  
00:06:41 00:06:46 in my pocket whenever i wanted it to no friction  no dealing with shipping no dealing with anything  
00:06:46 00:06:51 so it's like if you believe in collecting  items right and look at these objects like  
00:06:51 00:06:56 they can be tangible like you can own them  right you can actually physically enjoy them  
00:06:56 00:07:02 if you're into collecting stuff which i totally am  with the sports cars and art in general like this  
00:07:02 00:07:07 is just a better way of doing it lastly if you  could give one actionable tip for somebody that's  
00:07:07 00:07:13 new to this space just getting started what would  you say believe like there's very few moments like  
00:07:13 00:07:17 a lot of people ask me like yo why did you do  pudgy penguins i've never seen an opportunity  
00:07:17 00:07:23 like this and i've you know been in every business  from sass to b2b to the whole nine i've never seen  
00:07:23 00:07:27 upside like in this space and that's why i've  kind of stopped everything that i'm doing and  
00:07:27 00:07:33 focus on pudgy penguins just believe in what this  is this stuff will power everything you know you  
00:07:33 00:07:37 can build those tools and partikipate in those  tools the upside there is absolutely incredible  
00:07:37 00:07:42 so believe in the space understand it learn it if  you don't agree with what i'm saying take a deeper  
00:07:42 00:07:46 dive because all the smart people that i know  are just coming in here you know diving in with  
00:07:46 00:07:53 two feet hey thank you bro we really appreciate it  it's okay man i'm just super grateful to be here  
00:07:54 00:08:00 nft nyc was actually a success we learned  a lot and i think ultimately we could say  
00:08:00 00:08:06 that nfts aren't dead but just be careful  thanks for watching first like the first  
00:08:06 00:08:12 day of school i'm a scholar found the  solution and got some more problems
00:08:12 00:08:13 bro it's not working