Gary Vaynerchuk, the outspoken CEO of creative agency VaynerMedia, sat down with Cheddar ahead of the weekend to share his take on this week’s biggest stories.
On job creation in the digital economy after COVID:
“We’ve seen this before. When there are huge technological advances, things change, ”he said.
Digital economy evangelists such as Vaynerchuk see NFTs as essential for monetizing the web.
“It looks like a radical change: the blockchain, the ledger [or] the digitization of all goods, the way music is distributed, books, the way works of art and collectibles are sold, the way subscriptions can be sold. ”
The goal, explained Vaynerchuk, is for the NFT market to set prices for the online economy.
On the possibility of new regulations for bitcoin and other cryptocurrencies:
“The settlement is the elephant in the room,” he said.
On the one hand, he said bitcoin had ‘overcome the bump’ to gain legitimacy with the general public, but that now presented a challenge for sovereign nations on the steps they will take to regulate cryptocurrency. and how these actions might impact its long-term success.
“I think it will be extremely interesting over the next half decade to the next decade to see what happens, and what momentum this currency, this community will have compared to what happens if it is. over-regulated, ”he said.
On the next direct listing from Coinbase, a digital money changer:
“You don’t see companies making this level of income profitably before an IPO, with such a macro trend that they dominate,” said Vaynerchuk, who revealed he had invested in the company in 2014. “So, I’m just very curious what the market is going to do with them, but they’ve got a lot of good math on their side. “