CAA’s head of business development, Michael Yanover, argued that Metaverse and NFTs are not fads or hot tech trends, but actually “stick”.
“It’s a big space and I don’t think it’s going away at all,” Yanover said of TheWrap’s NFTs and Metaverse “Tech vs Media” Podcast Along with host Richard Wolpert, he added that the CAA recently hired a Metaverse chief executive. “I think we definitely need to find our footing. Was there a little more excitement than there was supposed to be in the first place? Maybe. But this is a powerful thing. This doesn’t go away.”
Recent NFT trading value Dropped Down 97% from January 2022, it fell $17 billion to $466 million in September. Yanover admits that many people aren’t into NFTs at the moment (a fact borne out by the collapse), but in the coming decades he believes NFTs will be in everyday life. I expect it to play a bigger role.
“You and I will probably in 10 or 20 years… it will become a part of our lives, everything will be NFT registered and we will buy cars and houses with NFT components. ” he said. “Anything IP-based will probably include an NFT component, he said.”
Yanover also specifically noted that NFTs serve the art industry as “the world’s largest registration system,” pointing out that there is no current registration system for valuable art.
Yanover argues that NFTs “will stay here,” but that “it will change.” [and] Another 1,000 changes will be made. ”
“It’s going to have an incredible impact on the world of entertainment, the world of all things IP-based,” he said.
Listen to the full episode below.
- Michael Yanover recalls Zoom taste test of non-alcoholic drink De Soy with Katy Perry and Morgan McLachlan
- Michael Yanover walks the evolution of Lady Gaga’s cosmetics brand Haus Labs. CAA invested in Charlotte Tilbury in 2014.
- Michael Yanover discusses Hanks 101, Tom Hanks Trivia Games, Star Trivia and Typewriter Tips
- Michael Yanover takes a deep dive into the launch of Caravan and explains how it enables a critical step for startup success to rapidly connect promising ideas with capital and talent.
- Michael Yanover explains why he changed his mind about Amazon and now thinks he’s more interested in collaboration than “pure advantage”
About “Tech vs Media”
in each episode of “Technology vs Media” Host Richard Wolpert — executive, tech founder, venture capitalist and philanthropist with decades of experience in technology and media — and one of his esteemed guests deliver an enlightening lesson and provide insightful perspectives on the movers, creators, disruptors and innovations that move the world. Shaping the future of media and technology, and how these industries will intertwine.
New episodes of “Tech vs Media” drop weekly. Click here for all episodes.