Gary Vaynerchuk Predicts NFTs Will Have More Utility Than Mere Collectibles.

The podcast called “Chain Reaction” explores the latest trends, news, and drama in the world of crypto. The host, Jacquelyn, recently interviewed Gary Vaynerchuk, CEO of VaynerMedia, VeeFriends NFT collection, and chairman of VaynerX for the latest episode. Originally, Vaynerchuk wanted to create a line of desktop toys, but COVID-19 happened and the NFT boom began. Vaynerchuk merged his plan with NFTs to create a positive virtual platform with real-life utility.

Vaynerchuk doesn’t think that expanding intellectual property beyond the digital world through toys and apparel is the right move for every NFT project. However, he thinks ticketing, contracts, and title insurance will be the route forward for NFT growth. In 20 years, people will see NFTs more broadly rather than only as collectibles.

Apart from talking about NFTs, Vaynerchuk’s prior achievements were also discussed, such as founding VaynerMedia and his investments in Twitter, Venmo, and Facebook. The podcast releases every other Thursday and is available on Apple Podcasts, Spotify, and other platforms.

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