NFT: Everything you need to know
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Nonfungible tokens are moving millions of dollars. What are they and why do people seem to be obsessed with them?
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0:00 — Intro
0:18 — What is an NFT?
1:37 — Fungible vs Nonfungible
2:36 — Crazy NFT sales
3:48 — Why are people buying NFT?
5:26 — The three things you need to be aware of
#NFT
First
Hodl Flow
2nd
Noooo why must you burst my dreams?? 😰
so.… the meme i downloaded off reddit is now copyrighted? And if i post it i can be sued? i dont have the patience to watch the video.
Lets back up.
Ad pops up.
Why is this guy explaining it😂
Unreal… How stupid.
Soooooo, who cares? With all this said, owning an NFT is basucally owning nothing. I still don’t see any value in owning an NFT. It does literally seem like false scarcity created by and for internet hipsters. I’d love a definition if real value.
No
Great video 👍
Great video but when you pronounce ny-an cat lol
Thanks for the video.
The biggest problem with this whole thing is that an artificial sense of ‘value’ is being created on a large scale, and this bubble will soon pop if things don’t calm down. Nobody wants a landmine slide if everything you own is virtual lol
the energy usage to run these blockchain is stupid
ACEOs need to become more popular. They’re like NFTs but real life and don’t destroy the planet. If you like collecting art, collect ACEO
Did this guy actually researched Energy consumption and how miners are using green and excess energy that goes to waste? Jezzz do your research better dude!
NFTs are for rich people who want to show their wealth off.
So stupid
Chain analysis proves BTC is NOT fungible. Only Monero is fungible.
I still don’t even understand crypto currency.
That’s cap
altcoins don’t do anything? hmm this is an unfair statement. not all of them are shitcoins.
Saying that alt coins are doing nothing is simply wrong. Many of them have some good Technologies behind them, that tackle real world problems.
How do you feel about NFT? Would you buy them? Have you done it already?
yo professor how do you prove they own a first version file and not a copy
so a NFT virgin pays to own a copy but what prevents anyone else for making another and doing the process again
atleast a chad commissioner can change details on a PNG instead of a jpeg tokenized copy
so one nft to destroy the world with pollution
There is a lot of starving kids in the world that could probably use some money of that money
Very well explained, I think you should check out Blockverse on NFFT ‘
Dude buy a better microphone
All this NFT and Bitcoins are making me mad.🥴🥴
My spidey-sense is telling me to stay away from NFTs.
Would I be able to sell my art as an NFT without spending money? Like, can I create one for free?
In a world full of illiterate people and excessive government dumping money, one would be a fool to expect growth of wisdom.
Not for me!
I still don’t get what exactly are you receiving after the purchase?
Fungible — When someone buys a BTC on the market, there’s less available & thus the price of everyone else’s Bitcoin goes UP… cos there’s no difference between your BTC & my BTC.
Non-Fungible — You buy a $100,000 NFT & the price of MY NFT does not go up. Your NFT is different from my NFT — They’re NON Fungible Tokens
Your NFT is a market all by itself & the people who collect NFTs are the buyers. It’s risky. Only buy if you don’t mind the value of it goes DOWN if new NFT buyers stop buying…
Buy NFTs because you want to OWN & HOLD it…
I bet this is just used to launder money since crypto currencies as being looked at by the government.
so its like selling a pebble on the side of the road for thousands of dollars
Good video; but Your CO2 comments are inaccurate.
I swear that video gave me game boy Jurassic Park vibes 🤣🤣🤣
Bro look like The Weeknd’s cousin the weekday 🤣
I thank you for explaining in detail what a NFT is.…..This is the new way of owning something like baseball, football and basketball cards. Or some portrait picture right down to a car. Its just the NEW way of owning things. Like a house, clothing etc.….…💢👍🏾
NoBrainers is the move!!
Sounds like money laundering…washing 💰 🤑
Ok we understand the pricing but how do you make a nft??
This guy used to go to my high school
who for god sakes buy the FART?
It is the mixture of hype, spin, hope, pseudo-economics and proverbial monopoly money based on peoples’ hopes for quick money and a better life. Remember, real money is regulated by banks and governments, with the UK’s £ at least in theory being worth 1lb of silver (or the 1lb of silver’s price equivalent in other goods such as gold or wheat) from the BoE if the economy folds up. Don’t trust NFTs.
How do you know if your “art” has already been created ?