"Are NFTs Dead?"
Published on: November 26 2022 by Jordan Welch
"Are NFTs Dead?"
Table of Contents
"Are NFTs Dead?"
| startTime | durationTime | text |
| 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 |
