NIA previously wrote 15 months ago, "Gary Vee is a very good person at heart who has simply gone off the deep end into NFTs and is going to cause great financial losses for all of his followers."
Gary Vee convinced his cult like following to buy a series of 10,255 NFTs called Veefriends that he promised to work for the rest of his life to make go up in value.
In April 2022 these 10,255 NFTs had a total value of $407.29 million, so what did he do? He became greedy and diluted their value by issuing 55,555 new NFTs called Veefriends 2. Veefriends 2 debuted in April 2022 with a total value of $216.19 million.
Veefriends + Veefriends 2 were worth a combined $623.49 million!
Today, Veefriends + Veefriends 2 are worth a combined $57.09 million!
They have lost 90.84% of their value in 15 months. Gary Vee already cashed out $122 million+ on the sale of these unregistered securities so he doesn't even talk about them anymore!
Preparing Americans for Hyperinflation
