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Happy’s singer Pharrell Williams had just left the big stage after donating the best features of Web 3.0 and told an enthusiastic crowd of NFT collectors “you are changing the paradigm right now.” Nearby, a line of many men in their 20's and early 30's waited patiently for any sales they could afford.

However, six weeks earlier, more than $ 1 trillion of crypto assets had been removed while the number of NFTs dropped by more than 80% from their high market.

For the serial entrepreneur and host, the huge losses in the cryptocurrency industry simply confirmed his point: Vaynerchuk, or Gary Vee, as he is known, had predicted this crash or “NFT Winter” many times.

"I said it in August, I said it in July, and I said it in May," Vaynerchuk told Yahoo Finance, "I saw this coming - that [the danger caused by temporary greed] could be what we are. It starts, there is a fix."

Vaynerchuk, founder of VaynerMedia, VaynerSports, and an NFT signature collection called VeeFriends, said he was ahead of the crypto curve as one of the first NFT evangelists. In his view, the latest adjustment is a healthy check for overweight.

Crypto's speculation "was crazy as online stocks in the late 1990s cost $ 400 billion on," said Vaynerchuk, comparing the NFT boom with the dot-com bubble. "The internet was helping, it was going to change the world.. The rates on Wall Street are over. NFTs' estimates for the first year are over ... but the basics are real. Macro is very good - NFTs exist forever. Micro is wrong, that's why we are fixing it. "

Vaynerchuk quoted the idea for live event tickets.

"Why is a ticket a QR Code?" He said. "An NFT ticket that deserves something after the game is very real."

Celebrities ‘should be careful’ of recommendations

Following the aforementioned crash, the spotlight began to fade with celebrity authorization placing crypto, NFTs, and Web 3 in the public domain, especially those broadcast during the recent Super Bowl in Los Angeles, dubbed “Crypto. Bowl ”for slide crypto ad campaigns.

Another New York Times article questioned the silence of celebrities who starred in crypto ads, including Matt Damon, Gwyneth Paltrow, Reese Witherspoon, and Lebron James, during the market crash.

Vaynerchuk said the reporting was too lazy and pointed out many of his warnings about the estate category.

"I think for celebrities, they have to be careful who they authorize and what they support," Vaynerchuk said. "But I think it's ridiculous for people to blame them for the price.

NFT values ​​are all related

Although world events, rising inflation, and stock market declines have lowered the value of crypto and NFTs, this has not been the case for other items.

The 1955 Mercedes recently broke the world record price of $ 143 million, Andy Warhol's 'Marilyn' was sold for $ 195 million, the Macklowe Art Collection brought in $ 922 million, and New York's state-of-the-art Christie's, Sotheby's, and Phillips have received more than $ 2.5 billion. on sale so far this year.

As a result of the termination, Vaynerchuk said NFT values ​​are related.

“The decline in January's uncontrollable gold prices is down. They woke up last year, and it's not even close at all, "he said." And this is what always happens. I was there when everyone was writing articles and saying that the Internet was fashionable. ”

Enthusiasm has not diminished in the group of a few thousand of Vee's enthusiastic friends, hundreds of whom lined up for a few hours to get a chance to take a picture you took and share a few words with Vaynerchuk.

Web 3 readers have been here for a long time. They, like Vaynerchuk, believe that although many projects will collapse, when greed is removed, "good things will begin."

Source: yahoo

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