“Opportunities are limited only by creativity”
Halsey Minor Many lives lived.
One of the founders of CNET, Minor entered the tech media at a time when the closest thing most of us had to the web was a spider spinning cobwebs on the old NES. Minor was born in Charlottesville, Virginia, worked at Merrill Lynch during the rise of the internet in the early ’90s and, in the words of Wayne Gretzky, has been skating to where the disc is headed ever since.
Since it first entered the media, Minor has taken cryptocurrency and blockchain in a big way. In 2014, he started the Bitreserve exchange, which turned into Uphold, a money transfer product that supports more than 30 currencies, including cryptocurrencies.
Over the past few years, Live Planet, a video service, has created VideoCoin, a token that rewards idle data centers for providing video content. He has now expanded to NFTs and sees the space as wide open but in need of a serious change. We spoke to Minor about his view of the current NFT market and what needs to be done to transform today’s technology into CNET tomorrow.
NFT technologies are one of those ubiquitous technologies that will touch virtually everything we do, from e-commerce to marketing and entertainment. Within three years, everyone will be interacting with NFTs every day. Halsey Minor
These days, Minor is building startups — and powering Zoom calls.
“I’ve spent the pandemic teaching five kids — with two dogs and a cat,” Minor said. “It was very difficult if you had a lot of kids because of all the extra work that comes from Zoom-based homeschooling. I was very fortunate to be able to work from home.”
“With five kids in school, you leave very little time for anything other than working around the clock,” he said. “People honestly don’t talk about this enough maybe because it’s not a thrilling story.”
TechCrunch: You’ve worked with everything on coding and NFTs after your content career. why?
Halsey Minor: Just as I realized the massive explosion of the Internet many years ago, I see encryption and NFTs as the technology of the future. As NFTs become more accessible and popular, the economy of creators will continue to migrate to the blockchain, and I believe it will eventually outpace traditional platforms. I’m all into video NFTs with Vivid Labs because we believe video is the next big bulwark for NFTs and has the potential to spread into different sectors, from gaming to art to traditional entertainment. Video has always been one of the most compelling, engaging and sympathetic media in all of the entertainment fields, and we wouldn’t expect NFT to be immune to that.
What is your advice to new founders now? What is the best way to raise capital?
When I started my first company, CNET, 26 years ago, I had no track record. All I did was build credibility. I was hired as a former Head of Programming and Marketing at Fox and Head of Multimedia for Bell Labs with extensive Internet experience (a rare skill in 1995). You need to sell great people based on your vision to build great things. These people helped turn CNET into a NASDAQ 100 company in four years.