VeeFriends

GaryVee's NFT Projects

9 followers

GaryVee's NFT Projects

9 followers

The main ambition of this project is to create meaningful intellectual property and create an extraordinary community. All tokens are a three-year admission token to VeeCon, an annual super-conference.

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Launch tags:Web3

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Hunter

I appreciate that Gary took an approach to build utility to his NFT vs just launching an asset someone collects. Good example of how to create NFTs that provide value to your community w/ redeemable rewards.

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5yr ago

Duplikit

@gabe__perez in a counterintuitive way I think this will drive the price down. People will anchor the price of the token based on the value it provides (what a crazy concept, right?) instead of just letting pure speculation drive it out of control

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5yr ago

Product Hunt

Hunter

@robert_moore1 the assets are actually being sold using a Dutch auction, so prices will go down until the "community agrees" on a price.

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5yr ago

Waitlisted

Wow Gary actually did something useful with NFTs. The ones that exist as digital art are honestly dumb imo, he knows that and did it right.

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5yr ago

Waitlisted

@allnick the context that lacks is that, dumping his doodles on the NFT community would be dumb, so he baked in utility so he wasn't just selling his doodles to his zealous fans. Hes giving them something with real value. I guess owning a gary vee doodle would be appealing to some people, but really he knows he'd potentially be taking advantage of his brand to sell something of little value, so he did it right and gave it a real utility.

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5yr ago

The Nifty

@j_mcnally I just deleted what I posted ... wasn't worth it lol. Anyways, I agree. Just also think he's equally bullish on the digital art space.

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5yr ago

Brutal Teardowns

@j_mcnally Yeah at first glance this looked dumb. Like, can't he hire an artist to do good doodles? But, the significance of ownership is interesting. It's the first NFT use case I've seen that makes sense. Particularly if I can buy annual access to him and then sell it on at profit. How does ownership of the original hand-drawn asset tie into it? Does buying the NFT give you ownership to the original drawing as well? If not, as the original artist, can Gary not make a claim against you using his IP? I imagine not, but curious to understand how that works

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5yr ago

Waitlisted

I trust Gary to actually follow through and have the conference and make good on the rewards, i do however think people will replicate this model and not follow through which will likely lead to NFT era fyre festival.

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5yr ago