Ben Gilbert: evaluation

Transcript context

…Right, exactly. An NFT or cryptocurrency. But when I personally buy an NFT, I'll say first and foremost, what's the price point? If the price point is hundreds of dollars and it's something that you could afford to lose if you had to, then I want to love the art. I bought some cool cats a few weeks ago. It wasn't because I thought cool cats were going to be the next crypto bongs. I just thought they were cute little characters. I like to swap out my avatar from time to time. They had a great community that was following them and they had plans to launch other little cool cats-related things. I'm like, this is a fun little community. That is why I went in and bought a few of them at lower prices, and I'm okay with losing that money because there's no money to be lost. I'll always consider them fun little things that I can put into a digital frame or have them up around my house. It marks a moment in time when I thought that was cool. So that's fine. When it comes to spending real dollars and actually making an investment, then I'm looking for more blue chip-related stuff. That is, in my mind, projects that are not clones but that were actually the first at something. The first fully on-chain generative artwork or CryptoPunks to finding the ERC-721 standard and being the first to put that out there. Those are the projects I look at. Those will always historically look back and say those were important for this space, if you believe in the NFT space. And I think they will have long-term collectability and durability from a price standpoint. So that's how I look at it when I'm buying those things. It's funny. Implicit in what you're saying is the very same reason why the founders of some new groundbreaking consumer thing always have way more upside than any investors or anyone who comes later. It's because they were true believers in the thing for the value of the thing, even before it had any notion of being an investment. That's right.…

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