NFT

“We do use some blockchain technology where as the drones are flying, we're creating like, you know, real-time NFTs to sort of generate an authentication layer because our system is flying the drone.”

“The real idiots are the people who are just saying, oh, none of this works, and it's all nonsense, and it's just a stochastic parrot, and it's useless, and I don't know what it's for and this is all, like, nonsense, and this is a rerun of NFTs. Because these p…”

“The first idea we had was using your bank account to acquire NFTs.”

“The parallel that I think is kind of interesting is, you know, you compare AI to that, and it's like, there's been a long era of people that I think are very on mission and thinking about the big picture, the risks, the opportunities, the possibilities. And th…”

“So I think even the weird experiments with NFTs being a way to create a community of artists to build a movie or story and create true new IP, all that will happen just five years from now or 10 years once We had critical maps.”

“We do not invest in crypto. It's kind of, or web three, NFTs. It's been kind of one of the areas that we'd like to avoid”

“I think it's a failed form factor. I wouldn't like totally rule it out, but you know, NFTs, meme coins, predictions markets, these all represent a similar sort of like I don't know whether like people are consciously or unconsciously participating, but it's th…”

“It's like NFTs. They come in and they're so cool for like five minutes and then it's like, wow, we spent a lot of money there.”

“Like, if we would have survived COVID, or if COVID didn't happen, the NFT thing would have happened, and then we would have raised so much money.”

“The 20, 25 version of the tools and the infrastructure around this stuff is so dramatically better than like the early NFT, which was also an attempt at doing narrative investing, but it was a pretty bad attempt at narrative investing. This is like a much more…”

“And I actually think the nature of community is like much higher velocity than being like, there's a thousand made up NFTs of whatever. And like, you can have one and be a member of it because that false scarcity actually fights against the fundamental propert…”

“NFTs were exactly wrong.”

“The segment that we originally launched into, which was like buying, buying like NFTs and stuff like that is what we kind of originally were like, you take your bank account, you convert the funds in your bank account and stable coins, you then use a stable co…”

“I think that art values come from stories. You like, wasn't it Van Gogh cut off his ear? Like by doing that, he canonized himself and the art, there's probably another person from the era. No, I mean, Da Vinci, like why is the Mona Lisa so valuable? Like it's …”

“In the future, what an NFT was last year will, you know, be some big part of a CRM system. And, you know, that's like going to be great. Nobody's going to know the better.”

“My friend Nas put out a, an NFT of a song that, you know, had been out, that the album won the Grammy, and the song NFT, you know, made more money than the album even though it came out late.”

“So certainly we look at we looked at it at that time because Robinhood had a big crypto business and we just decided that It didn't make sense, right?”

“It wasn't all a scam. Just 99% of it was a scam and useless.”

“There were 8.6 billion in NFT sales last year.”

“One of my core arguments for NFTs is it does for other forms of media, what virtual goods did for video games. NFTs are virtual goods. They're an adjacent layer of value where you can monetize different things and then give away some of the media.”

“Even with the kind of downturn, there were 8.6 billion in sales of NFTs last year.”

“A couple months ago, he started selling NFTs. He pulled in one million dollars in less than a month.”

“Yeah, I mean, I think NFTs are gonna come back in a big way. I, I've said, and I think still you know, NFTs have a good chance to be you know, bigger than cryptocurrencies in terms of mainstream adoption. And the reason is because people, I think more people i…”

“In the future, what an NFT was last year will, you know, be some big part of a CRM system. And you know, that's like going to be great. Nobody's going to know the better.”

“AI is something that can actually change consumers' lives. Things that could not be delivered because it took too many human hours, that was too expensive, are now conceivably being delivered for fractions of the cost.”

“Do I think it's going to be a, an important product in the world in five years, much more important than it is today? Yes, because I think NFTs are important, and because I think an on-ramp to NFTs is is very valuable for people.”

“I would say three to five years, you know, it's likely before that, but you know, with a high degree of conviction, I would say three to five years.”

“I think we paid 700 dollars or something like that. And then we flipped it for 10,000 like I don't know, 30 days later.”

“I think the NFT and web three stuff is just complete nonsense. I think it's inferior entrepreneurs slapping their web three name on crap that no one wants and hoping that it's going to work.”

“I think that 90% of the rest of the stuff is a complete scam. I think NFTs are, for the most part, total bullshit. I think Web Three, for the most part, is total bullshit. And I think that the people who entered into that space oftentimes are horrible entrepre…”

“This producer that worked with Rihanna decided to do a limited release, an NFT release. He didn't ask permission from nobody, he just did it, right? And it sold out in no time, and it made like 69,000 dollars, call it 70,000 dollars, but the NFT drop impacted …”

“It was a magical time when the web was sort of, you know, exploding and everybody thought it's going to change the world forever, which it did to a certain extent, but I feel like we have similar hypes right now, you know. Around just recently NFTs and then no…”

“It's completely the wrong approach to think that this is just NFTs and stick your head in the sand. Like that is fundamentally wrong. Like I'll take an argument with anybody who thinks that.”

“The idea that, say, a company could announce that they were going to Issue an NFT and have people just losing their minds about it six months ago, a year ago, was just surprised, so surprising to me, because NFTs are just technology. This is like being angry a…”

“I think NFTs do offer a sustainable way for artists to make money, but there's also that is contingent on their ability to like build and maintain a network”

“It'll probably be like a loyalty card or a plane ticket or a concert, something like that, you know, something that's like Membership oriented in some way, like to interact with a business in some fashion, I reckon.”

“Right now, it's not being handled at all by the way NFT marketplaces are currently set up. And I think the next wave of NFTs is gonna begin to feature some of these improvements, or I think they're improvements. Some people Some people are going to hate this.”

“I think NFTs will come back in the next cycle.”

“When I've kind of gotten into the art and NFT side of Things. That world and the world of cryptocurrency is probably the most fun because it is so blue ocean and there's just so much to be built there. It's not building yet another app and competing on, on CAC…”

“90 plus percent of people that interact with NFTs over the long term, I believe won't even know it as they're doing it as an NFT.”

“I'm working with A well-known, like very culty kind of wine producer out there... So one thing that is happening in the next Four months will be the issuance of NFTs to people that is going to be from a major well-known winery where it will represent one physi…”

“The crypto side of things is like, you know, let's call it 50% NFTs and 50% digital assets. And that's, you know, probably 10% of my overall.”

“It's this top-down, centralized, inorganic, deterministic, predetermined, sort of ideal, republic, utopian vision of this is how the internet will work. And it's got all these kind of other ideas attached to it, like I was describing this as like Katamari Dama…”

“We have a, an avatar marketplace that we've been working on recently where creators have been able to make art, put it up for sale on Reddit and make that available for other folks to buy and use. And that's been performing amazingly well. The underlying techn…”

“I think the technology behind NFT uses been used for some really nefarious things, but I think we're still in the infancy of using these technologies appropriately. There's a lot of like terrible use and a lot of uses that are wastes, but I think there's some …”

“In my humble opinion, the applications of NFTs as bored apes and, you know, cool JPEGs that you would sell for a million dollars are not, are suboptimal, let's put it mildly, ok?”

“I know that several companies are working with a few U.S. States, and obviously outside of the U.S. And with some you know, public organizations as well, like colleges and Ivy League universities on NFTing their diplomas, their certificates, and so on.”

“So I actually, the reason I like OpenSea and NFTs is not because of what you just said. I am not long-term bullish on the social capital aspect of the NFTs. I'm more bullish on sort of the creator based use case of it.”

“And I think the NFTs are really just one more kind of example where this beautiful narrative is formed, the digitization of art, but it is no different. Then any other form of assets that we tell ourselves a story around and we convince ourselves that I'm payi…”

“We're shifting away from ownership of physical items, and now with an NFT, it allows individuals to have access and ownership of digital items, and I think that's really important, especially for areas in the metaverse.”

“Definitely the early NFTs, the OG NFTs, and we're talking things like Crypto punks and rare pepes, you know, from 2016, 2017 for the punks. Those are just very rare OG NFTs that are here to stay because Gigantic communities formed around them, and there's been…”

“The early NFTs are the Picassos and Mona Lisas of this new movement, and people simply gravitate towards them because they're the most well-known. And because they're the most well-known, People want them. It's a simple thing that happens throughout the art cu…”

“I think in any given case, generally the owners and the artists receive the most monetary benefit from an NFT project. You'd have to really, as a collector, you'd have to really buy a significant share of the NFTs and then hope that, you know, you've done well…”

“I, I've got, you know, probably over a thousand NFTs, you know, and I have profile picture NFTs, which are You know, usually quantities of 10,000 are in the thousands at the least. I have a lot of one of ones that I really like from some of my favorite artists…”

“When we do like a one of one, I'd say the average price is for a one of one between 10,025 thousand bucks for a one of one.”

“I think NFTs are really going to evolve to be three-dimensional things, three-dimensional things that you own in the metaverse.”

“The high level here is I've come to believe that NFTs are probably how crypto goes mainstream.”

“I think NFTs actually could replace smart contracts and STOs or security tokens.”

“All of the smart engineers are working on like, you know, million dollar NFTs to sell, which I, and I love web three and NFTs, and I think it's the coolest technology in opportunity in the world. It's just the early applications are a little bit underwhelming.”

“So there's a federally chartered bank custodying an NFT, the first digital asset, the first bank ever to have this type of custody of a digital asset, which is kind of cool.”