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#179March 31, 20211:20:18

#165 with Jack Butcher - Why Jack is Selling his Art for $76m, H…

NFT pricing strategiesthe psychology of digital artVisualize Value business modelBitClout reputation risk

About This Episode

The episode explores the evolving world of digital assets, specifically Jack Butcher's viral $76 million NFT and Shaan's $100,000 investment into the social token platform BitClout. The hosts also discuss the business models behind 'forgotten' high-traffic websites like dictionary.com and the massive revenue potential of the New York Times games division.

Episode Description

Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ Support the pod by spreading the word, become a referrer here: refer.fm/million --------- --------- Sam Parr (@TheSamParr), Shaan Puri (@ShaanVP) and Jack Butcher (@JackButcher) discuss: (1:37) How Jack Butcher went from struggling founder to listing an NFT for $76m (13:38) How Sam researches wealthy people and discovers profitable businesses in the process (32:44) Why it pays to be early on new platforms (47:30) Jack explains why he's listing his art for sale for $76m (57:40) BitClout's incredible growth strategy (1:09:12) The reputational problem NFTs/Bitcoin/Bitcloud pose and are they just fads --------- --------- Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.

Key Takeaways

1

High-traffic 'forgotten' websites like dictionary.com can be revitalized by adding high-retention features such as daily mini-games, similar to the New York Times Crossword model.

2

Early adoption of new technology platforms represents an asymmetric bet: you risk a small amount of capital for the potential of 100x returns by being in the first 10,000 users.

3

Extreme pricing can be used as a strategic marketing tactic; listing an NFT for $76 million serves as a commentary on the market and generates massive cultural velocity and press.

Business Ideas Mentioned

Dictionary Property Gaming Layer

Content & Media

Real Estate Wealth Profiling Media

Content & Media

Social Token Data Analytics Platform

SaaS

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Featuring

JB

Jack Butcher

2 episodes

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Quick Stats

Duration1:20:18
Guests1
Ideas Discussed3
Topics4