- Yes, it's a picture,
I'm getting a picture for my roadster.
The rookie card of Gary Vaynerchuk,
the rookie car of Elon Musk.
Today's a big (relaxing music)
day at our house.
This Roadster has been a big part of our family
for the last like five years.
Ever since I rode in the next gen Tesla Roadster
that night that Elon Musk unveiled it,
I have been in love with the Tesla Roadsters,
and this has been a part of that story.
Once I earned a free next generation Roadster
that at some point will come out,
I took my deposit from that Roadster,
and I put the money into this and bought this car.
Fell in love with it so much that I bought a second one.
And now here I am many years later with two Tesla Roadsters.
Now these things are incredibly difficult to find,
difficult to buy out there.
The prices have gone up a ton,
and the reality is my son is turning 16 pretty soon,
and I need some garage space for him.
And so it is time to part ways with the what's inside blue
Tesla Roadster, and today that's going to happen.
The reality is I love this car, it is fantastic.
And I love my red one.
And I do think that these cars are going to be worth a
quarter million dollars pretty soon
and could push a million dollars.
I know that sounds crazy,
but they made so few of these Tesla Roadsters
and Tesla has changed the game for not just electric cars,
but the entire automotive industry.
So I thought, what better way to sell this thing
or to get rid of it than to do it in one of the
craziest and most what's inside way possible.
Yes, you saw the title of the video.
I am trading this car for an NFT.
To be specific, (upbeat keyboard music)
a VeeFriends NFT from our friend, Gary Vaynerchuk.
And if you don't know what an NFT is,
basically it's a JPEG.
The person that I'm trading this car to for the NFT
is gonna be here in a little bit.
And we'll explain more to the story and what's happening,
and we're gonna make it official in this video,
make the swap.
He's gonna drive off in the Roadster,
he's gonna transfer the NFT to my crypto wallet,
and it's gonna be a done deal.
And looking back on this in one year,
two year, three years from now,
it could be a monumentally dumb decision,
but it also could be a great decision.
But only time will tell and you guys will be able to keep up
with it and watch it online and be able to go,
yep that was a dumb decision.
I am hoping that this is a good decision for both me
and the person that is trading it.
Cause I think these cars have a lot
of value for a long time,
and I do believe in NFTs, but more specifically,
I believe in Gary Vaynerchuk
and the projects that he's doing with VeeFriends.
I am super excited and a little bit
nervous for this video today.
Let's do it.
(intense music)
- Yeah, one thing I'd say to anyone
who's considering buying this car is,
you're not just buying a sports car.
You're actually helping pay for
developments of the mass market vehicles.
All free cashflow goes completely into driving the
technology to lower and lower costs
and to make it more available.
(upbeat music)
- [Man] The first internet collected the information,
the second internet created the framework for communication.
This third thing, this web three NFT thing,
It's going to capture the consumerization of assets.
In the next five years, there will be an aha to what NFT
blockchain smart contracts mean, and the stakes are high.
(upbeat music)
- This is a wrestling belt that is cut in half.
We did a video with Gary a few years ago
where we cut this in half.
- It smells awesome.
(laughing off camera)
- It had signatures of some of
the most famous wrestlers ever.
He explained how business is like wrestling,
and it kind of blew my mind.
- I'm pretty hardcore about saying that nobody's really my
business idol, but when I'm forced into it,
I do say that Vince McMahon and Walt Disney are two people I
think a lot about because they're storytellers.
And the way that my life now lives,
and I've met so many people at this point,
the one great regret is that
I didn't get to meet Macho Man.
- [Dan] We went to New York
and we were on his podcast for like an hour and a half.
- On this episode, these two YouTube legends stop by.
- He was super nice to Lincoln in making this little kid
that was like 10 years old, 11 years old,
he was just a little guy,
comfortable to be on this podcast with this
icon of media and marketing.
Based off of being on the podcast,
and for him to hear about on YouTube
and how we've crushed it over the years,
and kind of used the things that we've learned
to grow our business from being a science project,
to cutting open a wrestling belt,
but actually making something that is a business,
and successful and also fun that's a family business.
He wanted to feature that in his book called Crushed It.
It was like a 10 page or 12 page case study about our
experience of being YouTubers and how we crushed it.
I have a special place in my heart for Gary Vaynerchuk.
The guy preaches a lot of the things that I believe in when
it comes to business, being patient, being positive,
being humble, doing the right thing.
There's a lot of things in business where people take
shortcuts and they think short-term.
And Gary really does believe in the longterm.
But he acts like the timeframe is really, really short
in a lot of the decisions that he makes
cause he works so fast on these
social media platforms and sees trends.
He really does have this longterm mindset where he's
thinking about forty-five years from now
and your legacy a hundred years from now.
I was at a boring tunnel event, one of the Tesla events,
and after Elon came out and spoke to everybody
and before we got a ride inside of the boring tunnel,
I met this guy that showed me this comic book.
I'm gonna open it out of the case.
I probably shouldn't do this, but there's a glare, okay.
What's the story about?
- It's basically real life.
It documents Starman,
Elon Musk loading Starman into this roadster
and blasting out into space.
- He had just barely made this himself.
Based off of seeing that car go up to space,
he was inspired that he made a comic book series.
This one happens to be signed,
so I don't really want to open it
and crack it open too much, keep it in good shape.
Okay, have I dropped enough hints yet
about what's happening?
Who is actually buying our Roadster?
They just pulled up.
We're going to go out, make the trade happen,
find out and explain to you what the heck I am doing
and why I'm trading it.
And maybe the person is getting cold feet,
but why would they get cold feet?
It's a picture for a car,
like clearly he's getting the better end of this deal.
Or is he?
(intense music)
There he is.
This is the car, look at that.
Star ship license plate, Tesla model S.
- Dan, how's it going, man?
- Eli, my friend, the creator of Adventures of Starman.
He has a roaster on his shirt.
Are we really trading my Roadster for an NFT?
- We're trading my VeeFriends, epic Positive Porcupine,
for your Tesla roadster.
- Epic Positive Porcupine.
We were talking about this on the phone,
you think that anybody would be crazy enough
to take my Roadster for a Veefriend?
And he's like, I know some people that could do it.
Like four hours later, you texted me and you're like,
I've been thinking about it, I want to do it.
- I mean, I thought about it, I called you back,
and I was like, it has to be me.
Not just I want to do it, it has to be me.
We have to do this.
- [Dan] You were going to sell this thing for
triple digit, six figures.
- It was going to go the next day
for over a hundred thousand.
- [Dan] Oh my gosh.
For you to have an original Roadster,
like did you ever think you were
gonna be buying one of these?
- It has been a dream of mine to have a Tesla Roadster,
but what I expected to happen was,
the price on these would keep going up,
and by the time I got into place
financially that I could get one,
it's going to be a quarter of a million dollars,
which I could never justify.
So no this, as it turns out,
was gonna be the only way I would ever
see that dream come true.
- [Dan] All right Eli, come on in,
come check out the car, come sit in it.
- 523,
wow, I fit in this thing.
And to think, Starman is flying in space
for the next 30 million years sitting in exactly this.
- [Dan] Yes.
- This Tesla has a physical key.
- [Dan] The only Tesla that has a key
that's like a normal key that you stick in the ignition.
- Can I put it in?
- [Dan] Go ahead, put it in, rev it up.
(both laugh)
(engine purring) (beeping)
- Wow.
- I really do feel like this is, in a way,
gonna be like the model T of electric cars.
This is the one that car collectors,
if you want to have an electric car, this is the holy grail.
Last chance, let's make a decision here.
Are we going through with this deal?
Are we going to trade one Positive Porcupine Veefriend NFT.
Did I miss anything about what that is
that you said earlier?
- Epic.
Trade one of those (inspirational music)
for this blue 523 Roadster?
- Let's go sign the smart contract.
- [Dan] Are we doing it, should we handshake on it?
Just shook hands.
That's like as good as a smart contract, right?
- Between us, absolutely.
- (laughs) Between us, but in reality, it's not.
The blockchain is a lot more official.
I don't know how I trade my car on a blockchain.
Are you signing off on this idea?
- I am signing off on it.
Although, I'm very sad
because the blue Roadster is my favorite.
I think making like calculated risks is a good thing to do,
and I love Gary and I believe in his brand.
I am all in.
- Owning this NFT also gives you real world benefits.
Gary V is doing a conference for the
next three years called V con,
and the only way you can get in,
your ticket is you have to be an owner of the NFTs.
If it was any other person that made an NFT,
I don't think you'd be okay with
giving up the Roadster. - I definitely wouldn't.
I actually thought that you thought you bought it before,
cause I kind of said, I think this is a good idea,
I think you should do this.
And whenever I say that, normally you go and buy it.
And so I was actually surprised when I asked you,
I said, did you not get one?
And you're like, no.
- She said, it's a good idea.
She didn't say buy it, but she said it was a good idea.
- That's what it means, if I say this is a good idea
that means you should buy it.
- Explain to me as if I'm a dummy, which I am,
explain what is an NFT,
because we are trading a lot of money here,
a car for one NFT.
We got to know what the heck is an NFT.
- So at NFT is a non-fund able token.
Why that is significant is it's different from crypto
like as a whole unit.
And it is an asset that has minted on the blockchain.
So depending on what the concept,
it can trade and it can even come with physical,
tangible consumers.
- Wow, he's really smart.
That's like chemistry, I wasn't good at chemistry in school.
- Every Veefriends holder gets access to V con.
You want into V con, you got to buy a Veefriend.
Every concert ticket that you will buy in five years
is going to be an NFT.
And the short of it, why is this NFT that I have
from Gary V and Veefriends so valuable that you're willing,
that you called me to ask if I was willing to
trade it with the Tesla Roadster?
- Yes, this is a good question.
I'd like to know the answer to this.
Why is it that valuable?
- It comes down to as simple as supply and demand.
There's 10,000 tokens,
and the amount of demand for the token is so high
that the market equilibrium price
for token is now starting at 60,000 dollars.
Why people want that?
That is a longer complicated conversation for another time.
But the fact is they do,
and they're willing to pay real money for it.
- There's almost no difference
as far as like the money perspective goes by having it,
whether it's in a collectible car or a collectible NFT,
it's still a collectible and it's money that,
while I don't want it to go to zero,
if it does go to zero, that happens,
we still have other money that is saved for our family.
We are not gonna go hungry based off of the ups and downs,
or the downs more specifically, of the NFT.
So, a lot of you are watching this,
don't go trade everything you own for NFTs.
- Should we move forward with making this trade?
- Okay, I think we're ready to do this thing.
Here is what's happening.
We have the title right here.
This is the title to the car, a physical title,
and the key to the car.
I have to sign it on the back.
He is logged into his wallet, or his account where he can
actually access the wallet
and make the transfer to my wallet.
So, one thing about NFTs is that with every NFT purchase,
the original person that created the
NFTs receives a royalty.
- So for any public sales,
Veefriends gets 10 percent of the transaction.
- Ten percent, that's a lot!
Gary is making money every time this trades, that is a lot.
Do you think Gary is going to
like that we're doing this trade,
or not like it because he does not get a ten percent royalty
off of me giving you the Roadster.
- The ten percent royalty he's missing,
is a fraction of how cool this moment is
for the Veefriends brand.
Go to receive.
- Okay, receive.
- Yeah, receive. Now, this is important.
You never want to manually type out a key phrase
because if you make a mistake, if one character is wrong,
your NFT is gone
forever. - Forever.
- Not recoverable.
- Okay.
- So no, no, no pressure or anything.
- So you touch the copy.
- Hit copy.
- Okay, it's copied. - Perfect.
Now, you go to a discord.
- Okay.
- Click here.
And hit paste.
(intense music)
All right, at this point there's no return.
This is going to be recorded on the blockchain.
You ready?
(intense music)
- All right, there she is, Positive Porcupine.
That beautiful picture that Gary drew himself.
- He did, Gary V drew every single one of these things.
I'll be honest, this stresses me out.
There's there's no practical reason for it to.
We have a good process, it's going to work,
but I am stressed out.
- If he pushes this button,
something that is worth six figures, as of right now,
hopefully by the time we put this video out
it's still worth that much, hasn't gone to zero.
Help us out Gary Vaynerchuk, we're transferring it.
- All right, here we go.
(click) (intense music)
- [Dan] It's connecting, too.
- [Eli] This is it, this is where I
sign the smart contract.
- [Dan] Cost 13 dollars and 40 cents in gas fees, in theory.
- It's now being sent across the blockchain.
- Oh my gosh.
Eli's doing this, a Tesla Roadster for an NFT,
for a Veefriends, Positive Porcupine.
This beautiful picture of this little guy is coming my way.
Nervous, my stomach's growling right now.
And I don't think it's cause I'm hungry.
I think I'm just nervous.
A Veefriend.
- It's done, success.
- Is it though?
- Yes.
- I don't see it.
There's a soldier, there's that guy,
there's COVID, there's the dragons.
Oh! - It's there!
- I've got it, this is it.
The Porcupine, Positive Porcupine,
the Veefriend, is now mine.
Only one person in the entire world gave this a heart,
a favorite.
I'm gonna ask a favor of you guys.
Go find my little porcupine guy, Positive Porcupine,
and maybe I'll put the address in the description.
And if you haven't met him, ask for an open sea wallet,
whatever, give it a favorite, push that heart.
Can we make the Positive Porcupine
the most favorited Veefriend out there.
If this thing goes to zero,
at least I will have the most hearted
Veefriend NFT in the world.
I might not have a Roadster.
Transaction has happened, I now have the Veefriend,
you now have the title.
The only thing left is um, key.
This is really happening.
This Roadster is leaving my garage right now.
It is no longer mine, the blockchain has confirmed
that I now own the Positive Porcupine Veefriend NFT.
I don't know everything about NFTs,
but I have to imagine this is one of first times that
anybody in the world has traded an NFT for a real-world
physical asset that is worth this much money.
The new owner of an original Tesla Roadster
that he traded for an NFT for it.
Oh my gosh, all right, get out of here.
You're the best Eli.
See you later, take care of my car.
(upbeat music)
Oh, wait, wait, wait, wait, wait, wait!
(intense music)
Forgot something.
- Oh.
(intense music)
(engine purrs)
Some of Lincoln's first ever swear words that he ever heard,
was during the podcast when we were with Gary Vaynerchuk,
cause in our house, like we don't say swear words,
my wife and I, we don't, when it's just me and her,
and we don't say it when we're with the kids, especially.
But we went on the podcast and this
New England Patriots fan called in
and started talking about the Patriots.
Gary said a few words to him and then hung up on the guy,
and then dropped some other words,
and I looked over at Lincoln,
and he's just sitting there nodding his head.
He had no idea what Gary was talking about.
That's a side note.
If you're gonna go watch Gary Vaynerchuk,
he does say some words that some of you
may not hear in your house sometimes,
but he's just a passionate guy.
Tesla, they've never paid me by the way.
A lot of you guys asked me, you're like,
you guys must get paid so much money
from Tesla to promote their cars.
No, I bought a Tesla model S like five or six years ago,
loved the car so much, put it in some videos.
People love the videos and we're learning from it.
And then since then we've gone all electric,
and we have all just electric cars.
And the Roadster is just a really special thing that,
like I said earlier,
I think is going to be worth a lot of money someday.
But also it's a very important part of the story of Tesla
space, X, electric cars, all of that stuff.
He needs to drive it and get it
the heck out of my garage right now.
That sounded very aggressive.
Will you let me ride in it sometime if I come visit.
- I think I can do that.