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Why NFTs are NOT a Scam (When Done Right)


People claim non-fungible tokens (NFTs) are a scam since the thing you are owning is non-physical and therefore “not real”. While this may be a valid argument from someone first learning about NFTs, after doing your research you should realize that NFTs are arguably more legitimate, easier to authenticate, and overall secure than normal assets. Just because you can’t physically hold an NFT that does not mean it doesn’t exist and there will be plenty of NFTs that come with real-world benefits via the smart contract that you can actually experience, hold, etc…

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Gary Vaynerchuk is a serial entrepreneur and the Chairman of VaynerX, a modern day communications parent company, as well as the CEO and Co-Founder of VaynerMedia, a full-service digital agency servicing Fortune 500 clients across the company’s 4 locations.

Gary is a venture capitalist, 5-time New York Times bestselling author, and an early investor in companies such as Twitter, Tumblr, Venmo and Uber. He is currently the subject of WeeklyVee, an online documentary series highlighting what it’s like to be a CEO and public figure in today’s digital world. He is also the host of #AskGaryVee, a business and advice Q&A show online.

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