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NFT: Everything you need to know

Nonfungible tokens are moving millions of dollars. What are they and why do people seem to be obsessed with them? 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…

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Nonfungible tokens are moving millions of dollars. What are they and why do people seem to be obsessed with them?

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

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42 Comments

42 Comments

  1. Roblox God

    April 6, 2021 at 5:07 pm

    First

    • TECH ZEN

      April 6, 2021 at 5:12 pm

      You haven’t watched the whole thing ig?

  2. Nobody

    April 6, 2021 at 5:09 pm

    Hodl Flow

  3. TECH ZEN

    April 6, 2021 at 5:11 pm

    2nd

  4. Jocelyn Brown

    April 6, 2021 at 5:12 pm

    Noooo why must you burst my dreams?? 😰

  5. Henry Ly

    April 6, 2021 at 5:20 pm

    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.

  6. Aryaman Mehrotra

    April 6, 2021 at 5:23 pm

    Lets back up.
    Ad pops up.

  7. Colors 66

    April 6, 2021 at 5:25 pm

    Why is this guy explaining it😂

  8. Troy Howard

    April 6, 2021 at 5:28 pm

    Unreal… How stupid.

  9. Fred Behrend

    April 6, 2021 at 5:28 pm

    The world is getting so weird dude

    • Peter Dalby

      April 7, 2021 at 1:16 pm

      As if it wasn’t weird before NFT’s

  10. Likely A Zombie

    April 6, 2021 at 5:32 pm

    because it’s like art and only worth anything to rich people for tax evasion and money launderers.

    • TC_1705

      April 6, 2021 at 5:57 pm

      You sum it up perfectly. Just another pretentious more easy version of “valuable art”

  11. Off the Shelf Movie Night

    April 6, 2021 at 5:32 pm

    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.

  12. Prof. Antropy

    April 6, 2021 at 5:36 pm

    No

  13. Disky Aria Jetmiko

    April 6, 2021 at 5:53 pm

    Great video but when you pronounce ny-an cat lol

  14. Ruth J. Morrison

    April 6, 2021 at 5:55 pm

    Thanks for the video.

  15. Daraab Amin

    April 6, 2021 at 6:08 pm

    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

    • alone

      April 6, 2021 at 7:26 pm

      theres a difference tho – BTC is not only stored on your hardware but also on million other devices – that’s why it’s safe 😀

    • Noname :)

      April 6, 2021 at 9:02 pm

      lol this comment will get old very soon hahah

  16. JogBird

    April 6, 2021 at 6:11 pm

    the energy usage to run these blockchain is stupid

    • William Bradberry

      April 6, 2021 at 10:58 pm

      Yea I support crypto, but I believe they definitely need to find a more energy efficient way to go about securing the network

    • Derpy Mgoo

      April 7, 2021 at 12:01 am

      Pales in comparison to the internet as a whole, which does nothing good for humanity. Same with Amazon & Google.

  17. Nekminute

    April 6, 2021 at 6:31 pm

    money laundering

  18. I Like ButteredToast

    April 6, 2021 at 8:09 pm

    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

  19. AK47

    April 6, 2021 at 9:30 pm

    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!

  20. besweeeet2

    April 6, 2021 at 10:05 pm

    NFTs are for rich people who want to show their wealth off.

    • REAL TALK

      April 8, 2021 at 7:07 am

      Wealthy people wouldn’t waste their money on NFT’s. NFT is how you can sell anything to anyone without a traceable transaction. Drugs. Prostitution. Etc

  21. Zac

    April 6, 2021 at 10:36 pm

    So stupid

  22. Derpy Mgoo

    April 6, 2021 at 11:55 pm

    Chain analysis proves BTC is NOT fungible. Only Monero is fungible.

  23. Lynn Mitch

    April 7, 2021 at 6:03 am

    I still don’t even understand crypto currency.

  24. Kate E Leonard

    April 7, 2021 at 9:58 am

    That’s cap

  25. Josh Puno

    April 7, 2021 at 12:09 pm

    altcoins don’t do anything? hmm this is an unfair statement. not all of them are shitcoins.

  26. ImPex

    April 7, 2021 at 12:29 pm

    Saying that alt coins are doing nothing is simply wrong. Many of them have some good Technologies behind them, that tackle real world problems.

  27. Curtis Steele

    April 7, 2021 at 1:54 pm

    I’ll stick to tangible art and limited prints. Because then I actually have something in my hand that I really do own… This s*** is stupid as f***

  28. CNET

    April 7, 2021 at 2:51 pm

    How do you feel about NFT? Would you buy them? Have you done it already?

    • skyak

      April 7, 2021 at 6:33 pm

      Art is meant to be a useful commentary on our world without being useful. As such, the commentary is in the art, not the price. In this way NFTs are the inverse -they are the ultimate poor quality “art” but their price is a useful commentary on our world. Instead of looking at it and asking “how does it make you feel?” NFTs are some ridiculous transaction reported and the question “Does it make you feel like you are missing out and need to buy?”.

    • skyak

      April 7, 2021 at 6:42 pm

      BTW thanks for including the terrible environmental price of cryptocurrencies and by extension NFTs. There is far too little press on the subject compared to other industries with smaller environmental footprints and far greater utility and importance. Nobody speaks of the fact that tesla became the top CO2 producing car company the day Elon promoted BTC.

    • Neil Vincent

      April 8, 2021 at 2:21 pm

      yup! i got super and tvk, now waiting for NFTT to be launched on duckdao

  29. Nogardtist

    April 7, 2021 at 4:07 pm

    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

  30. Alex Roque

    April 8, 2021 at 5:23 am

    so one nft to destroy the world with pollution

  31. murcielago Batman

    April 8, 2021 at 1:29 pm

    There is a lot of starving kids in the world that could probably use some money of that money

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