Angel investor Gary Vaynerchuk explains the disruptive power behind NFTs

Episode 15 of Season 3 of The Scoop was recorded remotely with The Block’s Frank Chaparro 

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The market for non-fungible tokens and digital collectibles has been growing at a breakneck pace, with projects like Dapper Lab's NBA Top Shot seeing user activity and transaction volumes soar.

Since the beginning of the year, the burgeoning market — which runs the gamut of sports collectibles to digital cats — has seen more than half a billion in weekly trade volumes, according to data compiled by The Block. 

On this episode of The Scoop, Gary Vaynerchuk — the Internet personality, entrepreneur, and CEO of VaynerMedia—broke down what's taking place beyond the hype and why he thinks NFTs are going to be the internet's next big thing after the development of social media.

Vaynerchuk is best known for his angel investments in tech giants like Facebook, Twitter, Venmo, and Uber. 


© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Frank Chaparro covers the intersection of financial markets and cryptocurrency as Editor-at-Large. Since joining the publication in 2018 as its first reporter, he has played a key role in building The Block into a leader in financial journalism and research. He leads special projects, including The Block's flagship podcast, The Scoop. Prior to The Block, he held roles at Business Insider, NPR, and Nasdaq. For inquiries or tips, email [email protected]

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