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The future of social media, NFTs, entrepreneurship, Indian parents and more. This is a distillation of @garyvee & #39;s episode on TRS ( @BeerBicepsGuy ) 
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R: Tell us about your take on NFTs https://abs.twimg.com/emoji/v2/... draggable="false" alt="🖼️" title="Bilderrahmen mit Bild" aria-label="Emoji: Bilderrahmen mit Bild">
GV: There have only been two other times in my life where I& #39;ve felt as passionately as I do about NFTs. First was the Internethttps://abs.twimg.com/emoji/v2/... draggable="false" alt="🌐" title="Weltkugel mit Längengraden" aria-label="Emoji: Weltkugel mit Längengraden"> itself, and second, was when we started seeing sites like MySpace, Twitter and Facebook pop up https://abs.twimg.com/emoji/v2/... draggable="false" alt="📱" title="Mobiltelefon" aria-label="Emoji: Mobiltelefon">
GV: There have only been two other times in my life where I& #39;ve felt as passionately as I do about NFTs. First was the Internet
An NFT isn& #39;t just a digital asset. The token has an underlying contract capability underneath it. https://abs.twimg.com/emoji/v2/... draggable="false" alt="🤝" title="Handschlag" aria-label="Emoji: Handschlag">Contracts come in many forms - selling homes, restaurant reservations, meet & greets etc. In the context of a podcast, let& #39;s assume that @beerbicepsguy makes 1000 tokens for it.
NFTs are social currencyhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="📈" title="Tabelle mit Aufwärtstrend" aria-label="Emoji: Tabelle mit Aufwärtstrend">
Over the years, people view these tokens as the "OGs" or as collectables. The artist ie the intellectual property holder & buyer both benefit. After some time, if the buyer decides to sell the NFT, the artist will get 10% of the selling price!https://abs.twimg.com/emoji/v2/... draggable="false" alt="👩🏽🎨" title="Künstlerin (mittlerer Hautton)" aria-label="Emoji: Künstlerin (mittlerer Hautton)">
Over the years, people view these tokens as the "OGs" or as collectables. The artist ie the intellectual property holder & buyer both benefit. After some time, if the buyer decides to sell the NFT, the artist will get 10% of the selling price!
NFTs are going to be the most scaled, most global, most universal language of communication through non-words. https://abs.twimg.com/emoji/v2/... draggable="false" alt="🖼️" title="Bilderrahmen mit Bild" aria-label="Emoji: Bilderrahmen mit Bild"> They will become as prevalent as social media. Maybe more!
R: If you ever want to make a highly profitable business, create status-driven products.
GV: Very true!
R: If you ever want to make a highly profitable business, create status-driven products.
GV: Very true!
R: Does the future of social media lie in niche networks? https://abs.twimg.com/emoji/v2/... draggable="false" alt="👥" title="Silhouette von Büsten" aria-label="Emoji: Silhouette von Büsten">
GV: Every social media network built for a niche eventually becomes broader.
Discord was for gamershttps://abs.twimg.com/emoji/v2/... draggable="false" alt="🎮" title="Videospiel" aria-label="Emoji: Videospiel">
Instagram was for photographershttps://abs.twimg.com/emoji/v2/... draggable="false" alt="📸" title="Kamera mit Blitz" aria-label="Emoji: Kamera mit Blitz">
Facebook was for college kidshttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👩🏽🎓" title="Schülerin/Studentin (mittlerer Hautton)" aria-label="Emoji: Schülerin/Studentin (mittlerer Hautton)">
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🧤" title="Handschuhe" aria-label="Emoji: Handschuhe"> Platforms always evolve.
GV: Every social media network built for a niche eventually becomes broader.
Discord was for gamers
Instagram was for photographers
Facebook was for college kids
The next big platform will figure out where the vulnerability lies. Humans by nature are incredibly insecure. When social networks start out, they tend to be very nice. As they get older, it gets more cynical and negative. The environment becomes more difficult. https://abs.twimg.com/emoji/v2/... draggable="false" alt="😬" title="Grimasse schneidendes Gesicht" aria-label="Emoji: Grimasse schneidendes Gesicht">
Over the years social networks have proved to be a lot like television networks. They ebb and flow https://abs.twimg.com/emoji/v2/... draggable="false" alt="🌊" title="Wasserwelle" aria-label="Emoji: Wasserwelle"> Some will have two years, some will have 15, some will last for 6 months and some for 6 years. That& #39;s just how it is.
R: What& #39;s your advice for entrepreneurs & Indian content creators? How is the world looking at India from the outside? https://abs.twimg.com/emoji/v2/... draggable="false" alt="🔍" title="Nach links zeigende Lupe" aria-label="Emoji: Nach links zeigende Lupe">
GV: In the business community, people understand the sheer size of India& #39;s market. The pandemic has enabled globalization and since https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇮🇳" title="Flagge von Indien" aria-label="Emoji: Flagge von Indien"> has a lot of people and is continuing to grow, it& #39;s a very exciting place to do business. Deep respect for the natural talent there.
The other thing that has been prevalent from my interactions with Indian youngsters is an incredible lack of patiencehttps://abs.twimg.com/emoji/v2/... draggable="false" alt="💀" title="Schädel" aria-label="Emoji: Schädel">. This is grounded in 2 things:
https://abs.twimg.com/emoji/v2/... draggable="false" alt="1️⃣" title="Tastenkappe Ziffer 1" aria-label="Emoji: Tastenkappe Ziffer 1"> Ambition: I find this beautiful. It& #39;s great. As long as you can balance it.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="2️⃣" title="Tastenkappe Ziffer 2" aria-label="Emoji: Tastenkappe Ziffer 2"> An incredible desire to prove parents wrong
Here& #39;s my advice:
Your parents love you. They do. No matter what& #39;s going on, deep down I promise that they do love you very much. You& #39;re a piece of themhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="❤️" title="Rotes Herz" aria-label="Emoji: Rotes Herz">
Your parents love you. They do. No matter what& #39;s going on, deep down I promise that they do love you very much. You& #39;re a piece of them
Most parents around the world, although a higher % in India, care about the status of their child& #39;s job and who they marry - and that& #39;s terrible. It is bad and you kids are right about that https://abs.twimg.com/emoji/v2/... draggable="false" alt="☑️" title="Kästchen mit Häkchen" aria-label="Emoji: Kästchen mit Häkchen">
What you do for a living and who you marry is yours. If that disappoints your parents because they can& #39;t brag about it to their friends, that& #39;s their problem. You& #39;re right on that one.
Parents love their kids so much that most of their decisions are based on fear. https://abs.twimg.com/emoji/v2/... draggable="false" alt="😨" title="Angstvolles Gesicht" aria-label="Emoji: Angstvolles Gesicht"> Many parents don& #39;t care whether you& #39;re a doctor or a lawyer or an engineer. They care about whether you& #39;ll always be safe and get paid. They worry about you!
Unlike you, they haven& #39;t grown up in the Internet age. They don& #39;t realise that it& #39;s good for you. According to them, you& #39;re just being young & wild. Similar to the way they were young & wild. They know the decisions that they made that were bad & don& #39;t want you to repeat them. https://abs.twimg.com/emoji/v2/... draggable="false" alt="🤕" title="Gesicht mit Kopfbandage" aria-label="Emoji: Gesicht mit Kopfbandage">
Understanding this will help you be patient. It& #39;ll allow you to have a better relationship with your parents.https://abs.twimg.com/emoji/v2/... draggable="false" alt="👨👩👧" title="Normale Familie (Mann, Frau, Mädchen)" aria-label="Emoji: Normale Familie (Mann, Frau, Mädchen)">
Do not try to prove your success to your parents or to your sister. Do it because it makes you happy. You have to fall in love with your process, not with the trophies that come from your process. https://abs.twimg.com/emoji/v2/... draggable="false" alt="💯" title="Hundert Punkte Symbol" aria-label="Emoji: Hundert Punkte Symbol">
R: When you are on your deathbed, what would a good life be to look back at? I know that you& #39;re keen on buying the Jets! https://abs.twimg.com/emoji/v2/... draggable="false" alt="🏈" title="American Football" aria-label="Emoji: American Football">
GV: Fuck the Jets. I want to TRY to buy the jets. That excites me SO much. The process. I don& #39;t need the jets on my deathbed.
GV: Fuck the Jets. I want to TRY to buy the jets. That excites me SO much. The process. I don& #39;t need the jets on my deathbed.
I need to think about two things:
https://abs.twimg.com/emoji/v2/... draggable="false" alt="1️⃣" title="Tastenkappe Ziffer 1" aria-label="Emoji: Tastenkappe Ziffer 1"> When I die, how many people are going to show up at my funeral? How many lives have I touched so much that they, even though they& #39;re busy, go out of their way to come to my funeral?
https://abs.twimg.com/emoji/v2/... draggable="false" alt="2️⃣" title="Tastenkappe Ziffer 2" aria-label="Emoji: Tastenkappe Ziffer 2"> I& #39;ll be thinking about the 10-15 people closest to me,
and how grateful I am to have lived life with them. And about my great obsession:
To have given more than I took.
Did I give more than I took? I think that the answer is unequivocally yes and I have another 45+ years to keep giving even more and that& #39;s my plan.
Fin.
To have given more than I took.
Did I give more than I took? I think that the answer is unequivocally yes and I have another 45+ years to keep giving even more and that& #39;s my plan.
Fin.
If you know me personally, you know how much I respect @garyvee. I& #39;ve been following him for almost a year now and have learned more from his one book than I did in all of high school.
It was great seeing him on an Indian podcast, thank you @BeerBicepsGuy for making it happen.
It was great seeing him on an Indian podcast, thank you @BeerBicepsGuy for making it happen.
