Gary Vee has a new NFT game — it’s bigger than people think

Hey guys so a few months ago garyvee Announced a promotion where anyone who Bought at least 10 copies of his Upcoming book would get access to a Future nft that he planned on releasing And as usual people went hard gary was Able to sell over a million books in the First 24 hours as people loaded up on What they hoped would be a profitable Trade and last week he finally released These nfts in a collection called book Games and already some people have been Able to get a serious return on their Original investment such as this kid who Managed to get 63 eth or about 200 Thousand dollars by selling his rarest Book token but why would someone buy one Of these tokens for 200 000 in the first Place well as you’ll see in this video There’s a lot more to this collection Than meets the eye and gary is taking a Slow approach to giving out information Because he purposely wants to shake out Paper hands before the next phase begins Now i sold a few myself right at the Beginning but then delisted the rest as I look deeper into what he was actually Building here and at a floor price of Only 0.25 each this could be one of the Most accessible nft launch pads on the Market today okay now before we get into Book games we should spend a minute Talking about what gary has accomplished In nft land over the past year because

It’s pretty incredible and could give us A hint about what to expect so last may Gary launched a collection called v Friends and actually one of the first Videos i made on this channel was Covering v-friends so at the time this Was sold through a dutch auction with a Floor price of 0.5 eth and i remember a Lot of people complaining that this Seemed too expensive yet today about Eight months later the floor price is at 12 eth and the value for holders is even Higher than that if you include the nfts That you know you would get access to if You just hold a v friend or the alpha That garyvee drops in a discord from Time to time and if you listen to gary In interviews he says that people still Don’t understand how much value he Intends to bring to everyone who’s Holding these tokens for example just Listen to him speak about his plans on The my first million podcast i’m v Friends The original thing i just launched as Kind of like the original disney sells You know those things that sell for like A drillion that were like they hand drew Snow white in the 40s like if i pull off What i think i can pull off stuffed Animals toys trading cards movies video Games over the next 40 years this Original nft Has real potential i wanted people to be

Locked in So that by the time the three years are Over they’re like wait a minute i’m Never selling this because i wanted them To benefit the most so for example Imagine gary buying a forgotten brand Like the jetsons and then Fractionalizing that into a 10 000 Profile pick collection with maybe ip Writes to the brand itself and then Giving the friend holders the first dibs On the launch i mean that’s pretty Powerful and clearly he’s in the unique Position to actually do that right and The guy doesn’t seem to sleep so i’m not Gonna be the one to bet against him okay So the first nft was a home run but now We’re going to the second collection Which is book games perhaps inspired by Wolf game which is another project that Gary holds a whale position in and Here’s how they describe the game Welcome to book games a layer 2 entity Project brought to you by gary vee Featuring 125 000 burnable tokens in a Game that’s played forever 4 reasons why We love book games number 1 book games Are played forever number 2 book games Are burnable assets for other assets Number 3 book game tokens are friends Pass which gives a 12 and a half day Advantage to minting the friend series 2 This spring ahead of the public mint and Number 4 there are 15 new v friends

Characters being introduced in series 2 And the only way you will be able to get Access to minting these characters is by Burning book game tokens and then we see That the cards are split into three Different categories each with their own Traits so first you have the characters Themselves then you have the background Designs and finally the frames each with Their own rarities so let’s tackle these One by one starting with book games are Forever gary has always emphasized that He’s playing the super long game when it Comes to his collections and he’s making It a mission to reward those that have Patience which we have to admit is Pretty rare in the nft space today now When you combine that with the fact that Book games are burnable for other assets Then what you get is a long-term Deflationary currency as more people go To burn their tokens that would reduce The supply which means that the price Should presumably go up because of the Increased scarcity now we are gonna come Back to this point because i think There’s reason to believe that people Will be burning these tokens like crazy But for now let’s move on to point Number three which is one of the most Concrete things we know about the Utility behind these tokens so again Book game tokens are a friend’s pass Which gives a 12 and a half day

Advantage to minting the friends series 2 this spring ahead of the public mint Now we don’t have a ton of details about The series 2 collection but what we do Know is that the mint price will be Below 1 000 and that gary is looking at This as an essential part of his Ecosystem so if you think of the friend Series 1 as like the board apes of this Brand then series 2 might be like the Mutant apes and from that example we’ve Seen that when this type of expansion is Done right then you can have value Trickle down to the lower tier Collections without negatively impacting The people at the top in the case of Mutant apes it went from a mint price of 3 eth to a current floor of about 16 eth In a matter of a few months in other Words this might be an easier way to get Access to this nft machine that gary is Building even if you don’t get the full Utility that you might get with series 1. and remember we know that the value Between book games and the series 2 Collection is being tied together in This fourth point where he says the only Way you’ll be able to get the 15 new Characters in series 2 is by burning Book games tokens or by subscribing to Giancarlo buys tokens okay that one Isn’t real but you should probably do it Anyways now right now nobody seems to be Talking about this series 2 collection

Even though it’s coming out within the Next few months and that’s probably Because we’re in the middle of a big Bull run everything’s pumping and people Are just super focused on the short term But gary seems pretty confident that This narrative is going to change Specifically he says that series 2 will Likely be a top 5 hyped project and that Gas wars on the public mint will be Insane and here’s another quote imagine When the 98 percent wake up and wants Series 2 in 3 to 4 months and there’s Massive hype and they find out book Games tokens are the white list and they Hadn’t even heard of book games imagine What is going to happen okay so book Games is a white list token for series 2. we know that that will be driving Demand but that’s just a one-time thing And it might not be worth buying in just To get a chance at minting a v friend so Instead let’s go back to the ideas of Forever and deflationary and this might Be the main piece of alpha in the video Now what you have to understand to see The value here is that one of the Hardest things in the nft space is Finding projects early you know i think At this point everyone is aware of that And the reason is that high quality nft Projects are in short supply relative to Demand and so any nft that’s actually Good will sell out immediately and

Getting on the white list can be a pain And this is why launch pads are becoming A bigger deal and these are collections Where the main value is being able to Get access to other nfts and these Launch pads work because influencers Have a lot of power in this space you Know they’re the main curators and taste Makers we don’t have a vogue magazine we Don’t have rotten tomatoes with Professional critics what we have are People on twitter talking about what They buy and this gives people an Audience and an ability to connect these Audiences to projects that are Struggling to get more attention so it Ends up being a win-win for everyone Involved so if you’re just a single Collector you know out at sea trying to Figure this game out it might actually Make sense for you to partner with one Of these influencers and make a bet on Their business development skills and Gary vee Is kind of the apex influencer when it Comes to nfts he’s like elon musk when You think about what he can do to a meme Coin like doge and i know many people Aren’t a fan of gary you know because he Sometimes goes too hard on his hustler Mentality but you don’t have to make a Personal judgment to recognize the Influence that he has you know there are Probably hundreds of collectors

Following his wallet and getting Real-time alerts whenever you buy Something because they know that getting In ahead of the incoming volume is Almost always a sure play and they also Know that gary is building a team of Analysts and he has a pretty deep Network and so he’s more likely to get Alpha before anyone else just this week Gary gave his blessing to a project Called crypto skulls after making Comments that this was one of the og nft Projects that historians would care About and of course this quickly let the Collectors rushing in and the price Skyrocketed to a peak of almost 5 eth The point is that the guy can move Markets so much so that you know people Are air dropping tokens into his wallet To make it seem like he’s supporting Their project and so with all that said I expect the launch pad to become an Increasingly you know more important Component of the v friends metaverse and He’s already started dabbling with his Idea last year with his pre-launch Program where gary would help creators Launch their project and in exchange the Creator would agree to donate 500 tokens To v-friend holders and as gary puts it After we do dozens and dozens and dozens Of these releases with the selected Partners my great hope is that one two Or three of them do in fact become the

Next boarded yacht club or world of Women or gutter cats or cool cats or any Other project with a meaningful and Growing community so personally i think This program is gonna expand over time And gary’s gonna be able to partner with Better and better creators and you know This is mostly going to go to the v Friend holders but i think there’ll be Some trickle downs into the book games As well beyond that gary has also Created a marketplace where people can Exchange book game tokens for nfts and He’s personally donated blue chips from His own collection to this exchange Including board apes and world of women So for example let’s say we go to the Sub ducks collection and we click on one As you’ll see you’ll be able to trade in 25 book game tokens in exchange for this Specific sub-deck and in this case there Are no rare token requirements although In some cases there might be over time This is no doubt going to create Arbitrage opportunities where you can Burn tokens for an nft on the Marketplace and then resell it on openc Immediately at a higher price and as These opportunities come in more people Are going to take advantage of those Mispriced items and they’re going to Burn their tokens which then reduces the Supply of book games and then finally on Top of all this gary is going to be

Introducing non-nft things and Experiences in exchange for book tokens Just some examples here he might offer In-person meetups experiences with Celebs and free trips so in the end if i Were to summarize the bull case it would Be gary is a tier for execution and he Understands web 3. a deflationary Currency makes it more likely that Holders will be rewarded long term Launch pads will become a bigger deal as More people give up on trying to get to Projects early themselves and they’d Rather just partner with an influencer Book games currently has very low Attention because gary is purposely not Hyping it up because he wants his more Loyal community to benefit before the Speculators arrive and the catalyst will Be that v friends is coming out soon and You know apparently it’s going to be a Bigger deal than most people realize According to gary now the counter to This and one risk worth mentioning is The supply as we mentioned there are Over a hundred thousand tokens and not Much reason to be burning them right now This makes it one of the biggest Collections on the market today and if Nfts take a downturn in the near term Which is you know not totally impossible Then people could panic and you could Have a lot of people dumping and Suppressing the floor price if you

Believe in the long term then this could Be a buying opportunity but it’s Something to consider and one of the Reasons why i sold some of my book games In the first place okay the last thing To talk about is how to actually buy one Of these nfts if you’re interested Thankfully these are located on Immutable x which is a layer two Solution on ethereum this means you’ll Have much cheaper gas fees than you Might be accustomed to on mainnet Aetherium which is great because this Type of game looks like you know there’s Gonna be a lot of trading going on as People try to get certain collections And book game tokens that you need to Meet certain promotions so for example One day you might need you know three Champagne cards and the next day you’ll Need you know 10 of something else and That would be a pretty terrible Experience on maynet ethereum but just Know that you’ll still have to pay gas Fees to load up your wallet on immutable X and so take that into account when You’re thinking about how much you’re Gonna spend as for the individual steps Of how to buy the tokens i can’t give You a better explanation than they did On their blog post so i’m just gonna Link that in the description for anyone Who’s interested all right guys that’s It for today thanks for watching and

I’ll catch you the next video