May 13, 2022
NFTs: The Best of Times, The Worst of Times (323)

Joe and Robert do an overview of the crazy week in crypto. Is this an opportunity or has Web3's time come to pass? The New York Times and Disney release earnings and the boys run through the highlights. The Wall Street Journal says NFTs are dead....


Joe and Robert do an overview of the crazy week in crypto. Is this an opportunity or has Web3's time come to pass?

The New York Times and Disney release earnings and the boys run through the highlights.

The Wall Street Journal says NFTs are dead. Other sources say the WSJ didn't do their homework. Who's correct?

And Instagram launches a test NFT program. Good move?

Rants and raves include Starbucks moving their rewards program to Web3 and a rant on personalization you don't want to miss.

This week's links:

New York Times Results

Disney+ Ramping Up

NFTs Are Dead

Wall Street Journal Is Dead Wrong

Instagram Testing NFTs

Forget Personalization

SBUX NFT Loyalty Program

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Timestamps: 

00:00 Intro

00:33 Happy Birthday Wishes for Joe!

02:45 Dip in the Stock Market, Plus Crypto and Bitcoin Updates 

08:10 CEX Highlights; Loved Seeing Listeners In-Person! CEX 2023 Details Coming Soon!

15:20 Robert Gives Show Outline 

18:35 New York Times and Disney Increase Subscriber Numbers 

35:54 Wall Street Journal Reports Decrease in NFT Sales; Other Outlet Disagree 

50:00 Instagram Will Test NFTs with Creators this Week

58:50 Rants and Raves: Joe Likes Starbucks’ NFT Loyalty Program; Robert Rants on Personalization

01:06:15 Joe Plans Speech Therapy Fundraiser, Support the Cause! Donate at 100holes.info; Robert is Announcing New Project Soon!

01:09:56 Thanks to Episode Contributors! Hashtag Us on Twitter!

01:10:49 Outro

 

Quotes: 

 

Joe: “Disney has all of the advantages in the world because of their diversified revenue and profit streams…They’re going to drop their 33B in investment in their content for their streaming networks. That will go down further, I believe…They will all go down across the board because there’s no way these companies can keep investing that type of money into it because they aren’t going to get it out. There’s too much competition right now.” (21:44)

 

Robert: “You can set up a wider net to catch all of that revenue because the brand and trust increases. The perceived growth in advertising, and better subscriptions. It’s all a thing that works together.” (26:23)

 

Joe: “NFTs are fine. You’re seeing all risk assets down right now. It’s a riskier asset. That’s it.” (40:23)

 

Robert: “Looking at trading volume as a method of success of a tradable asset is ridiculous. That’s like saying the trading volume is down on Wall Street so the stock market is going down.” (42:46)

 

Robert: “ [On Instagram NFT test] I think this might be an interesting foray,... if brands start to build in some of that access. If I’m a brand, can I make an NFT that provides a subscription to a newsletter? Or attendance to a brand?” (52:53)