Why NFTs are pretty dumb.
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- Опубліковано 2 тра 2024
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Hope this helps De-mystify the whole NFT Drama!
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Nicee
Only 6 likes? Damn
This is a bubble.
yes it will
40th like
Seriously, out of a hundred videos that I've seen about NFT's, your's was the most complete one, not only do you talk about how it works, but also how it can be a good thing and how it can be an awful thing, usually people focus on only one of those points, so thank you, now I finally understand NFT's
Ikr
yeah
Folding Ideas has a really in-depth video, but it's 2 hours long.
@@Pyranders well worth watching though, would recommend it to anyone that's not already sick of even hearing about NFTs 😄
@@Pyranders the most important take out of that video tho
''this people saw the system that were in place and decided the thing wrong with it there was not enough opportunities to be the boot''
i seriously support you for standing against NFTs. Thank you, good sir
had to be said 🙌
@@Mrwhosetheboss hey Arun.
@@Mrwhosetheboss youre a man of culture. you will be protected. we have an army.
@@Mrwhosetheboss Can you explain what happened with that cypto scam? when they posted something with your channel
@@Mrwhosetheboss Now we have the wisest of people against this BS
Finally someone who is willing to teach us younger guys instead of pushing some course on us. Appreciate it
@Mary Lyla no
:smile:
Hoping that MrWhostheboss keeps doing videos like this. I bet he will. He wants to use his platform for more than just typical youtube reviews. It brings him some fulfillment. Bless him! We need more of this peeps!
@Mary Lyla ShutUp
@Mary Lyla Get outta here Mary. You're obviously drunk
It's 2024 and I can confirm, this video aged quite well
My daughter just told me about NFTs for the first time today. It was extremely hard for her to explain to me exactly what they are. And why they even are. So, I searched UA-cam, where I learn everything. And what do you know? My favorite tech channel had this awesome video. Perfect explanation and non-biased review. Thanks so much.
For issues on NFT send me ✉️ ☝️☝️
Ok
@@stockmoe8069 sir this is UA-cam, go back to your platform
@@stockmoe8069 shut up
@@CubingBones ah yes, a bot will apparently shut up
Thanks for this, not only did I learn more about NFTs, I’m glad that you’re not capitalising on this thread like other creators. Thanks for being transparent, ethical and an awesome human as always.
@Instagram User?
@Instagram User Nope.
Yeah
Lol why are you glad that he isn't capitalising?
@Instagram User literally no one care
buying an nft is like going to a grocery store and paying 100k for a receipt that says you own a cabbage
As an artist myself, I feel like NFTs have got to be the biggest scam in Art history.
What kind of artist are you?
@@malachiclark8140 Not that it matters, but I am a Full-time employed Graphic Designer, Printmaker, and a painter dealing mainly in oils and photo-realism.
did you paint your pfp yourself?
@@jazznickelDon't forget "Modern Art" like the banana strapped to a wall.
@envynoir That and NFTs are scam as fuck
kinda amazing how the NFT bots have managed to leave "somewhat" relevant comments under this video to shill their coins.. not to mention how these bots also upvote the comments left by other bots, making them the top comments and drowning out comments left by REAL people
If you look at the replies to your comment, that is true.
@@TBTornado exactly HAHAHA
Bruh what is this comment section.
@@Devil24092 I can't tell if those replies are satire or smth else
How advanced are these bots, it's beyond ridiculous
As a gamer, this just scared the crap out of me… the idea hit me before it was even said, what’s to stop game companies from taking this idea and selling access to areas of a game, then pretty soon micro transactions become mandatory. All in all it all seems like that mobile app that’s $1,000 that’s just there to show someone spent $1,000 on an app.
It all started with a game called Second Life, remember that???
well people can stop them if they stop playing their game...but look on Counter strike for example...their skins are pretty much "nfts"(without nft tech) does it ruin that game or force player to pay microtransactions? I dont think nfts are bad for games per se but there are definitely companies like ubisof which are gonna try to milk players on it
To some degree locking access to certain areas behind a paywall could be brushed off as some kind of DLC-type thing. Mobile games do that already. But it could be even worse than that my guy. Think about it like this; imagine if games start putting out skins or weapons or anything of that nature, but they're unique, only one of that "thing" exists in the entire game, and the people playing will have to bid on it to see who wins that item. RNG is already a cruel bitch, but imagine if something was ultra-rare not because RNGesus wasn't on your side, but instead because there was only one of that thing and some asshole basement dweller spent 25000$ to buy it. THAT is the kind of shit that scares me in all this.
@@sjetejmaniak6595 microtransactions are what ruined completed game sales and availability nothing released is finished and ready for market everything is released buggy as fuck and is all Paid Access beta testing done by fking Shills rather than someone who will actually be critical of the game rather than fanboying it!
Then I would just play board games lol
This video aged quite well .
This video aged well and, as he said (and what was obvious), the NFT bubble is bursting. Congrats on the insightful video, especially for younger kids who were born into the digital world and have a way different approach for those things than us 25+ people.
Give it a few weeks the bubble wil completely burst
??? I'm not an NFT simp, I don't know damn well what happened to NFTs
@@mr.jitterspam9552 if I remember correctly much of etherium and other crypto currencies like that have crashed in value and “owners” have lost a ton of cash because of it
Nah man us kids don't like NFTs either
Yea Minecraft actually banned nfts
NFT’s perceived value is purely based on the “greater fool” principle, which is in the core of most financial bubbles. People pay a lot of money for something based on the belief that there will always be someone willing to pay more. It’s a self (un)sustaining process and it falls apart as soon as the hype goes away.
Yes, but so is the amazon stock price, among many other stocks. Amazon doesn't pay its investors any dividends so it's basically the greater fools theory
@@zyhes4744 The stock itself carries value as well. Since, Amazon's business can grow, so can the value of their stock.
Damn, well said
@@adivp7 u get the same with NFTs, but with community of like minded people. There can be a book club that's only accessible to anyone who holds the NFT. If the club is very popular, and a lot of people would love to be part of the community, it's price will increase
@@adivp7 If the company pays dividends to its investors, that would be totally correct. For example, Apple pays 4 dividends annually to its investors, and therefore the "greater fools theory" does not apply. In the case of amazon stock, they never pay dividends which means that there is no other way for the investors to earn money unless there is a greater fool willing to buy the share at a higher price.
7:53 NFTs are like going to a store and picking out what you want and paying then keeping the receipt and the store keeps what you had picked out
yup good analogy
Good analogy. What coin is environment friendly?
Watching Crypto and NFTs crash is one of my favourite things. The level of disconnect from reality is staggering. I really have no sympathy for those who lose money buying intangible things. I do however pity them for their stupidity and greed.
The core problem with NFTs is, that they are very much NOT non-funginable...
The problem is that it's now 2022... meaning many young people literally grew up buying intangible things.
Hell, in a way, stocks themselves feel intangible. But we buy digital music, digital games, digital shows etc....
And the very idea of copyright and ownership itself is intangible...
@@TheDeathmail Im too old now...
First of all, you must differentiate between buying and paying. Paying for something doesn't automatically mean you are buying it. Not every payment means you are the owner of something.
And about ownership itself, that's something you fabricated... Again, you cannot just redefine words to fit your perspective. Ownership is well-defined, that's why courts are able to make decisions about who is the owner.
You’re happy to see people lose money? Solid sign of a jealous person right there… Lots of people have made a ton of money on Crypto & NFT’s, just because you haven’t got the money or balls, or brains to understand it, no need to be jealous of those that are making money 😂
@@ccook92 Who's making money? Not the morons that invested in crypto. Just the arseholes who scammed them. I invest in real estate mate, not made up garbage for desperate people. Keep telling yourself you have brains and balls. It won't make it true but maybe when you're on the street it will keep you warm at night.
Paymoneywubby sold an nft of his literal crap in a toilet, told people not to buy it because nfts are a scam, then it sold for almost 30k right before the market crashed. One of my favorite nft stories
Fucking based
Who would buy something like that? I just don't understand people sometimes
I think that NFTs won't leave, but slowly die out. They had gigantic initial growth, like any mainstream trend. And, like any mainstream trend, will stay in culture.
Yeah it’s like the figit spinner or among us cause they eventually died out it depend on how society will move on from it
Yea
ok
@@susceptible9655 also fall guys from not getting servers to just one of the most trending games and then no one's playing it
@@0638 halp, my screen
NFTs are a literal waste. Dumbest trend; The only value they should hold any value is if they're applicable in video games or movies.
This comment gonna age bad. Just because ppl are using them the wrong way in its beginning (same way ppl did bitcoin, cash, gold etc) doesn't mean the tech itself is useless. You clearly dint understand NFTs. It's not about art. It's about ownership. It's like a deed that can be transferred in seconds without a intermediary. NFTs are gonna change the world bruh. Mark my words and screens hit this comment
@@36louieboy yeah change it for the worse lmfao. "OH I OWN THIS THING THAT CAN JUST BE SCREENSHOT AND HAS NO REAL VALUE" lmfao.
The only valuable NFTs are blueprints to unmade technologies; edit: or 3d models to be used in video games whether it be a location, species, OR clothing design...
Imagine their use for actual real estate transactions though. All deed information would be encrypted into each individual NFT representing a specific parcel of land. No more need for escrow officers. No more need for real estate agents, making transactions between individuals much smoother. A landlord could even possibly utilize them to manage rentals.
@@caleberwin65 That's a terrible idea... Now using an NFT to make a cool looking debit card, that's different...
NFT's are not a currency... Nor are they all that valuable, especially given they can just be screenshot lmfao...
Also; You'd still have to go through land/house appraisal and no NFT is worth a house or even a car or boat... not even close...
@@Frstypwngaming One of us doesn’t own a house, and the other is a professional real estate agent, investor and home builder. I’ll let people take a guess. I don’t think NFTs have any inherent value, I’m just saying they’re a technology that may one day be integrated into many facets of the professional world, not just used for entertainment. You misunderstand my point.
And here we are almost 2 years later with NFTs fallen from basically the face of the planet and anyone who posts about them either being a scam or being made fun of
I used to be a complete newbie , I knew nothing about all of this but was always very intrigued by it , that was years ago , today I consider myself a pro and my future is looking brighter every day
Fukup
me and my friends got to opensea and copy the most expensive NFTS and pretend like we bought them
W
What do you do exactly and how?
How can I do that
@@igweonyema1297 just right click and then copy it some will be blury and some will be clear
@Teh Pwnz0r aka Stormtrooper717 where do you live
This guy is literally the most transparent and unbiased UA-cam reviewer out there.
True
he's actually pretty bias and unfortunately has provided some incorrect information. Many NFTs do actually give you full commercial usage rights and many amazing emerging artists are now making decent money....some for the first time in their lives. Always a good idea to do your own research
@@RondelleDesigns Interestingly enough you are absolutely not biased by the fact that you are a designer. Not.
@@yeoldefoxeh254 I never claimed to be unbiased? I’m saying the video does have bias - it’s also not completely accurate - although a good overall explanation in the first part (except for the fact that many NFTs do include full commercial usage rights) the end part is absolutely bias and has several inaccuracies
@@RondelleDesigns kind of sounds like a one time stock photo at that point
Honestly the whole virtual land for real money thing cracks me up every time, I mean there are literally games like “landlord” which let u have the exact same experience with a ton more features without the need to spend any money to own virtual land...
yesterday, pixel artist Jubilee had their art stolen, and someone sold it as NFTs and made over 174 000 dollars.
NFTs are perfect if you want to make money off of stolen art because many places selling NFT (like openseas) got so many reports that the art that is being sold is stolen they stopped doing anything about it and just... allow it to happen now.
Yeah, there is no secure property, all you are buying is an ID number, confirmation of that property is arbitrary and random.
The real problem is due to the concept of an NFT in the first place. An NFT, regardless of what it is linked to, does not confer any sort of ownership for anything other than the actual NFT itself. So selling an NFT that is linked to a piece of art that you don't own isn't "technically" theft, because you're not selling the piece of art, nor are you selling any rights for that piece of art. NFT's as a general concept aren't necessarily a scam, but their application and the vast majority of the way they are currently used is absolutely scam-like.
pull your head out your ass. if the artist doesnt legally establish copyright the only evidence of that piece belonging to them is their word and editing files. in 10 years that will mean far less than dated proof on the eth chain
@@Aaron565 that doesn't make it any less stolen
@@Aaron565 What a lot of utter rubbish. I can sue someone in court who stole my art and sold it (claiming to be the distributor) and then prove I'm the owner with the original photoshop files with all the photoshop layers. I could also provide a higher resolution image of the low resolution, compressed JPG circulating on the internet. The court won't give two sh*ts about the blockchain. The theft is proven. Ownership is determined by the law and GENUINE non-fungibility of original art, not some BS, polluting token that literally anyone can create.
Any smart digital artist knows to never upload original photoshop files, never upload the art at its highest resolution, never upload without a watermark etc. This is why NFTs are solving a problem that doesn't actually exist. It's literally just a scam that scammers are jumping on to fleece the incredulous of all their cash.
I’ve been wondering what the big deal about NFTs is all about; now I know: Ridiculous people with too much money on their hands trying hard to take advantage of other people with too much money on their hands, all of whom have no life. Thank you for explaining it and exposing the silliness. 🤙🏼
a bot copied your comment
Alternative: people with too much money helping other people with too much money to scam people with barely any money into believing they can also make so much money
@@einstijn138 Ain’t it the truth! 🤙🏼
@@zUltraXO The bot's pfp is a nightmare jesus fucking christ
im pretty sure there is also human traficking, money laundring etc. involved.
I'm an artist and I keep getting people asking me to sell my work as Nfts and I'm honestly sick of it.
I don't want my work, my characters and passion to be passionate around like a trading card, that people will only see the dollar value and not the real value of what I actually made
The art market is literally the same thing. Create, Sell, & Auction Trade. I feel you in not liking NFTs, but the reason u gave is ironic unless you just do art for fun.
@@Floatup the value I was talking g about being emotional value. I respect that some people are in it just for the money because they need to make a living somehow.
But when people keep messaging and won't take no for an answer when it comes to my art is tiring. My characters aren't a trading card, I'm using them to tell a story people can relate too.
You could have been like the others who released their own NFT's, but instead you're awesome.
We are 100% accurate with trades here, We are working very hard and smarter to give you all a good results and earn massively. Your little start up investment capital can change you financially.
I also released my own but i gave it away to my subscribers!
Circuits of Value (COVAL)
NFT number one project
The ability to move from blockchain to blockchain allows COVAL to be used as a payment mechanism to create NFTs on any blockchain.
@@nedthedog4574 why would you do that
@@Bricefriha he gave away NFTs, but he profits when they're sold and traded. It's the same thing.
Finally someone talking about NFTs with the right mind. You sir deserve respect.
@Instagram User Your mom must be very disappointed in you, if you even have a mom
you should see someordinarygamers video on nfts its good (not a bot he also made a good vid)
@@phonexlegend69420 his content always comes off as pretentious to me. Like trying to explain the darkweb to teenagers when he literally just installed ToR and read a few articles. I’m in no way a cybersecurity master or anything and I learned most stuff by articles to but the way he acts is just to goddamn narcissistic and pretentious
@@Silver4Hire you do you chief i respect ur opinion
Have a great day
:)
Sir Arun Manan
I love how NFT bros will say "you're not actually buying the image", but won't realise that makes NFTs sound even worse, because it means they own NOTHING
There is the use of them not to make money but to prove ownership, that’s it. You can have a digital contract or document and an NFT can prove the authenticity of it.
I like how the "Good" part of NFT's were like 2 minutes but then the bad part is like half the video
Honestly i stand against NFTs. Buying something virtually for such a huge price just to have it under your name, while the owner still has the actual rights to it doesn't still make sense. It changes the value of Hard-work and doesn't really show from what you've earned your money. I'd gladly support this system if it was for example physical paintings/art works you can buy off site and stuff. Fair play for Arun to standing Against it 🙌🙏.
@Teapra 🅥 Even selling organs are profitable
Idiots and money are soon parted. Other than to sell on I wonder how many NFT maker’s actually buy them themselves to actually keep 🤔
@@mohammedshamil1626 yes but u die if you that you don't die from nfts
I think nft's shxt
@@Tea-yp3op you can fuggin go broke if you’re careless enough
Arun’s straight-to-the-point-ness, video quality and cool graphics and edits make me watch every single one of his videos from start to the end even if I’m not interested in the video.
ok
Solar Sand's video about NFTs are also interesting but it sorta doesn't get straight to the point
thats the reason he has been able to stay relevant on youtube for so long
@@0638 bro how the fuck
NFTs are basically like being married but every other man can sleep with your wife and you can't say anything about it but she's your wife because you're the only one who has the marriage certificate
I'm so FRICKING happy you're against this nft scam!!! Much love man, keep going!
He isn't againt this nft trend he's just saying what the advantages and the disadvantages ae
Well he did clearly list more disadvantages and did recommend to stay away
@@sniv7772 you r right said here comment box than u better for everyone comments
Not all nfts are scams. But very few are legit and have actual advantages other than digital ownership of an image.
@@twosinister This may be true, unfortunately as shown in the video, the overwhelming majority of NFTs are nothing but mass produced easy cash grabs. The NFTs with the actual advantages implemented without all the sneaky sneak are probably like 0.0001% of all NFTs
Crypto is kinda confusing and can lead to a lot of trouble. Thank you for making this video, Arun!
congrats for the heart!
Specially for beginners
yep.
A sub to the channel would be...?
@@tigerjia7680 copy and pasted
as a person who does digital art, I like to put a unique signature in an area that is essential to the piece and thus cannot be cropped out, like underneath the chin on a fullbody.
Perhaps the best and most thorough and easy to understand explanation of NFTs and how the work I've ever watched. Thanks! 💕
The quality of your videos is just on a whole new level! I enjoyed every bit of it, I especially loved how you kept it engaging all through, from the cuts, music, color scheme, angles, B-rolls, scene everything....I genuinely just want to watch everything to the end and repeat. Thanks for this entertaining explanation of this complex topic.
Yea bro, he's a big inspiration for me, cuz he applies the "give it your best" saying perfectly
I love how his videos and thumbnails look 100% clickbait but he delivers every time without fail or disappointment. Even in his listing videos I'm excited to hear something better or worse (in the case of his worst ever videos) and I'm rarely disappointed even in how he ranks things unlike a lot of low effort content out there.
You guys know that with Bitcoin mining you will earn 30% your Bitcoin investment daily for 30days for instance if you invest $3000 you will earn $900 daily and $24,000 in 30days
Right on! I couldn't have said it better myself.
This video needs to trend, a lot of my friends all clocking toward this vibe and this info needs to trend. A lot of celebs are pushing their fans to buy into this without carefully considering the feasibility and ethical issues surrounding it. Big up Arun. This is why you’re the only tech channel I’m subscribed to.
People buy celebs poop and fingernail clippings off ebay. So at least you can verify you got a special thing from a celeb and you don't have poop in your closet 🤣
People who listen to celebs deserve every misery they experience.
youre going to deep thoat him next or what
@@BuddahsLLc420 I mean at least they are buying the physical poop not the digital poop lol
@@Omar-kl3xp 👀
I am smart at physical art and social media but finance and high tech weak..this man is the clearest teacher so far..thanks so much..love to learn from real teachers.
It's a specific for of NFTs that you are against - specifically NFTs used for digital art - not really all of NFTs.
NFTs are just a technology. It can be used poorly - for instance, to represent digital art - but it can also be used for actual things. For example, it can be used for land title, vehicle title, medical records, identification - it's just a way to store data in a decentralized way.
In WoW we consider things like this a gold sink for the economy lol
Warships or warplanes?
@@HighExplosiveOP Warcraft
Its exactly what it is.... ive been playing WoW since 2008 and I recognized it a mile away.
Except it's not a sink in the economy.
Because the money is still in the economy.
Ahhhhh the good old days of playing WoW for an unhealthy amount of hours 🤣🤣🤣
These unbiased reviews on things are what we need from large influencers, keep up the good work!
Hello have you heard of Bitcoin mining?
@@robertcollins7353 hello have you heard of women?
@@jockin No, what are women?
@@RapidAssaultEuro It's a new technology that's being developed by a collaboration between apple and samsung
You really think this is an unbiased opinion? Lol
This video was impressively timed.
Truly respect you for making this video, it might save a few people if not thousands from falling into this NFT kinda scam. Kudos to you for doing all that research with visuals. Awesome work, this video should be trending on every social media platform to create awareness.
Hello have you heard of Bitcoin mining
@@robertcollins7353 zzzz
I made my own on video but i gave it away for free, can't stand scams
@@robertcollins7353 SHUT UP BOT
@Scrumy The “good points” were not really good. Nfts are just scam and money laundering. This a way to capitalize the Internet and make it pay to play
My respect for you went up by another 100% when you mentioned you are staying against NFTs. Thank you. :)
BS
@@omegalambda_7xl9 for you
He hates people getting richer easily 😁😁😁
@@URWELCOME he hates people scamming others*
@@az3rty636 i took that personally 😀
Well explained, I love the way you broke it down to the least details. Also I love that afrobeat soundtrack on 8:11. Peace from a music producer.
7:30 i love his pronunciation of taj mahal
Dude not even kidding out of everyone that I've watched and has explained NFT's and I mean hundreds you're explanation is the most straight forward understandable and logical explanation that I've come across so thanks for this.
Agreed, it actually made it make sense as to why people would see it as more than just paying for a jpg, to the people the nft's appeal to. (Because before it made 0 sense.)
And it's the most unbiased. I don't like how NFTs are being used, but using the blockchain to provide foolproof ownership of something has SO MUCH MORE potential than scammers selling JPEGs.
@@nikhilpranav6915 peoples greed is making them blind to the benefits. everything now is a commodity to be traded
Reason why it makes sense is because he's explaining things logically rather than emotionally
*This is something I find very intriguing and keen to look into , my cousin tells me a lot about it but It doesn’t change the fact that I am a newbie , I need to learn guys*
I greatly appreciate your honesty and how this worked out for you. I’m trying to learn this and integrate this strategy into my portfolio, just wanna do it right. This helps a lot. Learning what not to do is as valuable as learning what to do, this video provides both but later on I was convinced to try out packages of Vcorpinvest🟣Com which have yielded lot more profits all to my bank account
I greatly appreciate your honesty and how this worked out for you. I’m trying to learn this and integrate this strategy into my portfolio, just wanna do it right. This helps a lot. Learning what not to do is as valuable as learning what to do, this video provides both but later on I was convinced to try out packages of Vcorpinvest🟣Com which have yielded lot more profits all to my bank account
The quality of this video deserves 10 Million subscriber and 25million views . Such an amazing and talented young men with so much talent on explaining as smart as possible how to actually earn money from crypto and not having to rich much money . Thanks dude for this video keep it up and a shout out to vcorpinvest৹Com for being real with their investment plans, i have made so much 😂
@@Rose-re9hd imagine being a bot and replying to a comment when it broke LOL
@@thefoolishlord69 these bots broke LOL
i love he make make his videos fun and educational at the same time and instead of teaching us about outdated stuff , teaches us about what is happening right now
With your outreach and brand you could've cashed in on NFTs by releasing a few, but you decided to stick to your guns and have a honest conversation. Absolute respect for that.
there is a part of me that is sad the potential of the technology was squandered so badly.... like a lot of people predicted back in 2021. that said, thank you for explaining the actual functionality, what good potential was there, and then rightfully breaking down how much a problem they have become and calling out how much BS they really are as they exist today. massive respect
Swueqk slslsl bilau?!!
This video was so well formatted. It allows you to understand the difference aspects, benefits and negatives of NFTs, and how our world is digitally changing. Thanks for making this video!
STOP SCREENSHOTTING NFTS!!!1111
the block chain DOESNT LIE
lololololo
That explains why he gets so many watch hours and Subscribers
Basically, NFT is the way you can milk their money for something that will WORTHLESS after some time passed. The same thing with how Coin priced bubble at 1980s that get massive price increased and then it become no value after bubble exploded. And now, collection games and cars still have steady growth/decline, but they will alive for years due rarity and conditions will affect the price. The biggest reason why I HATE all kind of this because it was being controlled by person/group that waiting for speculation released and just crashed them when it reached peak to killed for those who bought for that stupid systems.
Disappointed he doesnt have the balls to just flat out call people morons. Playing it safe = being a pussy in my book. (Edit: the exception is if they're doing easy money laundering. I cant tell if the world is that fkn stupid or not)
At 10:03 to 10:34 when you changed cameras the audio changed and it sounds more muffled and not as clear. I don't know if you used a different mic at this time but it kind of was distracting. Then it goes back to the nermal audio after 10:34. But I just wanted to let you know about that issue. But this video was great though.
I think NFTs are dumb because you don't actually get anything you can actually hold or a physical item. It just is crazy how much people spend on these.
Same thing for the virtual baseball cards.
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Really good point there on how NFTs nowadays are just a lazy copy-paste images with tiny difference. Feels like those are discriminating the actual artist that put lot of efforts to make each one of their piece unique in a true sense.
You should wait until the end of the video to comment your stupid nonsense
Hell no unique 1 men can sell the samp nftnto mutpple people
A literal cartoon monkey shouldn’t cost millions, and honestly it disrespects actual artists that spend countless hours making detailed physical paintings, not a useless png image to stare at on a computer screen.
@@janitor3853 The same can be said by simple or "abstract" art that's little more than buckets thrown at a wall.
@@janitor3853 it's like art is not the problem, the buyers are. Majority of them are buying shit called as art to avoid paying taxes. And the so called influencers are pushing these images into social media as "art". That's why many of us highly doubt who will buy this shit called art for such a ridiculous amount, but people apparently are buying it.
I wasn't buying the whole NFT thing, but I thought there was something I wasn't getting well, so I watched this video (and others before) to convince myself to change my mind about them. Mrwhosetheboss has a large audience and I'm glad he shares responsibly. Thank you, Arun, for telling things how they are, please continue to be an honest responsible UA-camr and person, you're doing so well.
Yooo! Come check out DUNKs, these guys are going all out and it's insane! Come DUNK some gains with them!
Thank you for this video, very clear and not too long to watch.
One year later and this video aged like wine.
First time I heard about NFTs was when browsing a thread looking for art in a forum. It literally just said 'if you deal with NFTs, don't even contact me' and from what I understand, one of their friends had gotten their art stolen and made into NFTs so odds are, there aren't that many artists actually benefitting from this as one might want to believe 😕
It's nice to see a simple, unbiased explanation of these things! I'll be honest, I don't like them, but I prefer to know what's going on either way lol. It's just a thing I don't understand, even if I get the general gist of it, because there's so much that does not make sense to me concept wise.
The only artists not getting successful in NFTs are the one not popular
@@MuhammadNafay Sooo it only benefits those who are avsolutely, RIDICULOUSLY huge? why should anyone care then?
@@Darca1n yeah it is what it is. Rich gets richer
@@Darca1n No man do you know how many NFTs artist who were traditional artist before have now became successful and getting attention. They benefit small artist to. but obviously it is many factors to becoming a huge artist like a beeple. I am so sick of tired of people thinking this is a get quick rich scheme. Beeple spent 12yrs before he blew up. please stop saying this bs it is so dam annoying
@@MuhammadNafay this is the opportunity people have been complaining about for "wealth" yet people will talk like you just said yall have so many mental barriers it is crazy. remove your mental barriers
This guy’s video quality efforts have come across as badass I feel! Raza :)
I feel like the concept of NFTs are great, especially for digital artists like me but the insane value at what people are buying is just way too insane. Things are given more worth than they are, once this all clears up and the whole thing crashes and a lot of things people invested on is deemed invaluable, the CONCEPT will stay and it opens up a lot of doors for us digital creators in the future .
The concept is being abused during this period of misinformation. Thank you so much for this video!!!
*Everything here in the video is actually real and quite easy to do , but the real hassle comes in finding the right person for it*
The quality of this video deserves 10 Million subscriber and 25million views . Such an amazing and talented young men with so much talent on explaining as smart as possible how to actually earn money from crypto and not having to rich much money . Thanks dude for this video keep it up and a shout out to vcorpinvest৹Com for being real with their investment plans, i have made so much
The quality of this video deserves 10 Million subscriber and 25million views . Such an amazing and talented young men with so much talent on explaining as smart as possible how to actually earn money from crypto and not having to rich much money . Thanks dude for this video keep it up and a shout out to vcorpinvest৹Com for being real with their investment plans, i have made so much
These bots who like other bots comments are annoying
NFTs are absolutely ridiculous to me, the fact that anyone would spend a dime on it is mindblowing.
It's cashing in on stupidity, but I would put it on the same level as hmm "gacha" games, but just a tier above that because you do OWN something, a line of code that's associated with an "unique" image... lol
-the person this was for deleted their comment lol
youre probably invested due to FoMO, and now in your desperation because you arent looking at profits try and keep the hype train, like litterally all nft and crypto traders.
Took months for the doge traders to shut up and accept their loss/tiny profit and the Shiba traders are starting to get quiet now too.
It's just another speculative investing tool like crypto, but now that crypto is relatively stable, they needed something else like it. I don't expect NFTs to stick around, but I do expect something just like it to come along eventually
I mean, why do you think NFT bros are trying to convince you to buy in 247? If they're genuinely valuable, people would see it immediately. They need bagholders . It's like a pyramid scheme. Only the first 10% or so make anything realistically which is why people try to dilute what percentage they're in
@@man4437 close, its not like a pyramid scheme, it is one 🤣 but its nice to see other people woke to the situation
@Mrwhosetheboss , Thanks for the short n sweet video on NFT. The background music in some parts of the video are too loud..makes it difficult to understand n comprehend . Hope the signal to noise level is appropriate in your future videos 😉
Until now, I didn't really understand NFTs, yet I still think they are dumb. I also watched your Bitcoin video and I now understand the concept, at least a bit. Your videos are useful and fun to watch.
Thank you for coming out with this extremely perfect timing to shed light on the most trending and confusing topic of NFTs right now. This is exactly what I had in my mind and was looking for. I feel like the saying, “Great Minds, Think Alike” is definitely true in this case especially as NFTs are nothing but a money-power-show. Physical goods or the actual artist, who made the physical or digital art, has far more value. Than, owning a jpeg image that one didn’t even make. So thanks for the clarification! Lots of love from 🇧🇩! ❤️❤️
Did you just call yourself a "great mind"?
aint perfect at all
@@loukas371 yes, she did. And I had exactly the same thought as you. Great minds truly do think alike
@@loukas371 I think so haha... but then what do i know, maybe she is one hehe.... ah well at least it's better than whining and self-deprecation
@@loukas371WOW Aren't you such a "great mind" to have figured it out?
Thank you soo much for explaining NFTs and standing well against it , I had consistently told friends and family to avoid NFTs because it just seemed like a gigantic scam waiting to happen, especially when you bring in the fact that there's zero protection for your so-called "ownership" of an NFT, it's just encouraging the wrong activity that isn't benefiting the world at all.
Messaging a scam involving NFTs or stuff
NFT's are some of the best hedges in crypto crashes they tend to appreciate( negative correlation) I was like you until I had a few friends make a lot of money after my words to stay away. In that time I held my Crypto portfolio and lost 30% (hedged) but they made 10-100x.... Do not tell people what to do when you do not know what is happening.
@@6lack5ushi I have friends making NFTs , and I keep my mouth shut about how much I hate their motive because they're still my friends after all , but I still hate their motive of pushing NFT forward and supporting it
@@6lack5ushi in a volatile market someone is usually making money, at least in the short term. That takes luck and or a good deal of expertise. It doesn't make it a good idea to get into it from an outsider's perspective.
@@ryanrocksize5 there will be bad actors but that does not mean the technology is terrible if anything if they can so easily put this together for a bogus reason. Think how easy it will be for good intentioned groups. I just have a lot of friends with great products for the people that need them. I dont think people should ape into everything. But projects they do understand and back in a traditional space and can be held accountable… I just dont want them to get hurt 😞
Thanks for the Vid, Boss! 👍
Thank you for this needed clarification!
*I believe this future is now and we all need to find a way to adapt to everything that’s going on, I would really like to be kept updated so any sort of help is great*
The quality of this video deserves 10 Million subscriber and 25million views . Such an amazing and talented young men with so much talent on explaining as smart as possible how to actually earn money from crypto and not having to rich much money . Thanks dude for this video keep it up and a shout out to vcorpinvest৹Com for being real with their investment plans, i have made so much
First time watching. Video worth more than 30 million view, You explained terminology and used real world examples to explain their relevance. I love it, Great job, ill,be subscribing
4 bots wow
@@adiel2457 hes not a bot
Thank you for these information! This definitely helps everyone! Your content contains all necessary details and things one investor needs to know, you've explained clearly how a simple opportunity can be a bad thing also. I learned a lot of things through your video! Kudos to this content, man! Keep it up!
Thanks a lot for the info!
*Outstanding , I knew it would be resourceful I just didn’t know how much , I think I am finally ready and would appreciate any sort of help*
I greatly appreciate your honesty and how this worked out for you. I’m trying to learn this and integrate this strategy into my portfolio, just wanna do it right. This helps a lot. Learning what not to do is as valuable as learning what to do, this video provides both but later on I was convinced to try out packages of Vcorpinvest🟣Com which have yielded lot more profits all to my bank account
I greatly appreciate your honesty and how this worked out for you. I’m trying to learn this and integrate this strategy into my portfolio, just wanna do it right. This helps a lot. Learning what not to do is as valuable as learning what to do, this video provides both but later on I was convinced to try out packages of Vcorpinvest🟣Com which have yielded lot more profits all to my bank account
The quality of this video deserves 10 Million subscriber and 25million views . Such an amazing and talented young men with so much talent on explaining as smart as possible how to actually earn money from crypto and not having to rich much money . Thanks dude for this video keep it up and a shout out to vcorpinvest৹Com for being real with their investment plans, i have made so much
I like the project of DUNKs; they have a strong basis that will make them grow and the team is very professional.
MY portfolio has good companies, however they have been red all this year. This is my first year of investing and have been down 35% in the March/April sell off, and now down 17% in this sell off. I work hard for my money, so investing is making me nervous and sad. I don't know if I should sell everything or just sit and wait.
Building a good investment portfolio is more complex so I would recommend you seek professional support. This way you can get strategies designed to address your unique long-term goals and financial dreams.
I’ve been trying to hire a professional. After all, it's what really wealthy people do, they hire more experienced persons to do the job but I can’t find anyone I can trust.
Be it a crash or rise the financial markets will always have lucrative means for folks to earn decent payouts. I’m just being inquisitive? how are you yielding gains
Christine Lynn Saitta. She is famous and has got a website. So, you can check her out online and subsequently contact her from there.
Frugality is an attractive quality to the majority of the population. Being frugal is about putting your dollars towards the things you care about and not overspending on the things that don’t matter. Thank you for sharing I'll do that right away
Correct title: a youtuber who actually makes sense
THANK YOU SO MUCH FOR THIS GREAT descriptive video!
I urge everyone to start somewhere now no matter how small, this is literally the time for that, forget material things , don’t get tempted
*BETTER FOR BEGINNERS --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- VLADIMIRCORP▫COM really shocked the world and my family when they got rid of our debt and took a better care of our invstment port and it’s gotten to an higher value*
*BETTER FOR BEGINNERS --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- VLADIMIRCORP▫COM really shocked the world and my family when they got rid of our debt and took a better care of our invstment port and it’s gotten to an higher value*
Love your videos man! Great job :)
One year later,these are already obsolete 😂😂😂
This was a really great video and I think you did a great job informing people of the Pros and Cons of NFTs. I was wondering if you ever do a follow up if you could dive in a bit deeper about the illegal activity with Art Theft, specially what's happening to artists that don't even sell NFT's that are having their art sold as NFT's against their will and how easy it is for art thieves to do this and how hard it is for artists to get these NFTs taken down. Great work man.
Folding Ideas "The Line Goes Up - The Problem with NFTs" touches on this
that exists without NFTs as well, people sell illegal copies of stuff everyday, and some of the stuff like torrents are very hard if not impossible to take down. The artists just need to file DMCA. Not saying that it's justified but I don't understand what NFTs have to do with this
@@phoneywheeze9959 art theft exists yes but it’s far easier, and more damaging with NFTs. As an artist yea your art might sell on a shitty tshirt on a janky website and may sell a few copies for $20 a pop(all of which requires work to print, sell, ship) with nfts its insanely easy to mint someone’s art, be completely anon, sell someone’s NFT, maybe make $50 maybe $10000, then create a new wallet and peace. Not to mention there’s already sites selling nfts that either don’t offer take down options or make it insanely difficult. I know artists that have over 100 pieces or art being sold as NFT. Do you know how long that’s gonna take to file over 100 dmca’s and how much wasted time that is. The magnitude of ease to pretend to be an artist and sell their art for lucrative amounts of money with ZERO consequences is massively increased in the NFT space right now.
@@Bayplaces I did watch that and I think he did a great job diving into the art theft side of things for sure.
@@Lastlineshow lol copying for $20 or for $20k, both are unethical. I live in third world country and I see goods of popular characters and I'm 99% sure they don't have the IP rights to them, even in huge malls. And there are literally no sites that dont offer takedown, because guess what, the stolen artwork isn't hosted on the blockchain(which is immutable) but it's on some centralized server, and if they don't take down the artwork that has nothing to do with NFT, but it's problem of the server. Same with the consequence problem. If they don't face consequence on centralized server it doesn't really matter if they sell it using NFT or on their own website.
Quick throwback to that one ad of "You wouldn't download a car, would you?" as now we have NFTs on the market. Very informative video as always!
Hey, you should check out the new DUNKs NFT metaverse, the team seems to be doing a lot of marketing now and they seem to be doing what they say they will do...
As an artist, you nailed everything here. I had “business investor” commission me to make an NFT and he didn’t even know what he wanted. He made me trace one of the Toadz NFT’s and said “Make it better”. I told him he needs to be specific. I can’t read your mind you know. He said, “I’ll know it when I see it.”
I didn't have time to watch the full video, but I really hope you touch base on the underlying technology that go into NFT's
Thanks for the good explanation is hard to understand why nft's are sometimes so expensive
Thank you for making that clear Sir!
Success is about focusing Your energy on what creates results and using what you already know
This makes sense now, thank you.
However scarce some thing is, value assigned as always the paradigm that would be customer is applying to their purchase decision. On top of scarcity requires utility
"... this NFT craze definitely feels like a bubble that is about to pop ..."
Yeah I am really agree 👍👍👍
(trend)
Make NFTs to sell before then!
I am also really agree
@@CLove511 oh, I'm watching this ship burn but I don't intend to be in it
But...people dump money into Farmville a decade ago. Never underestimate the human mind. Kids are buying skins for games..... There is an entire generation getting hornswoggled on this coming up. May as well make some money off it. Go buy some real land lol
I love how this video isn't just "NFT good" or "NFT bad", and then only digs into surface-level information. Instead, Arun provides facts and logic, giving both the good and bad sides of NFT's, and then gives his own beneficial advice based on the facts.
Actually, I think it's a very clever way to package the brutal criticism this scam deserves. Today, a lot of people can't tolerate criticism anymore, to the point that everything needs to seem "fair and balanced", even if something doesn't deserve fair and balanced treatment at all. Like racism. Or medical scam products. Or flat earth ideas.
So if you want to get the brainwashed people to listen to what's what, what do you do? If they leave their filter bubbles at all, they are wary of everything that could pop their bubble. So you need to be respectful towards their bad ideas and criticize them in a friendly way instead of tearing them down. If that was actually Arun's goal, I admire the result! Regardless of his intentions, it makes it much harder to dismiss his message.
After watching so many UA-cam tutorial videos about trading I was still losing
Sadly these are one of the change in forex trade or crypto trade is not always assured
That's why I perfer NFT crypto token than trading crypto because I NFT crypto token you have 100% sure of your profit earned
Growing an account require dedication and patience.
Throughout this 2022 I only invested in NFT crypto token because it's the most reliable since I start it
Who else think this forex is kind of easy but there's a way to nervous to start and the only way now is NFTs crypto token
wow what an amazing and thorough explanation, Thankyou bro
Thanks for this cool video, I’m looking forward to seeing more videos about NFT.
When it comes to investing, people must know how to determine and have a qualification for choosing the right project, and actually, Thoughtz AI for me has really looked good because it's very unique and first of its kind NFT based on communication.
The sarcasms you flavour your video with are FUN-GIGLE😂😅😅
While I totally agree on the general idea of saving and putting money in safe investments that compound over the years, the actual video had a few points that seemed a bit off. First, setting 1k aside per month in your 20s is not possible for the vast majority of people. When I was that age that was my whole monthly salary for quite some time. So unless you live with your parents who will feed you till your 30s I doubt this is feasable. The second thing was about him consistently beating the market. Since you quoted Buffet several times you should know that he also states that the vast majority of professional investors cannot beat the market over a large period of time. So no, the vast majority of regular people will not achieve this. For this reason when you state in the end that you could earn more than the guy who can make considerably more savings than the average person and beats the stock market it is quite false.
I greatly appreciate your honesty and how this worked out for you. I’m trying to learn this and integrate this strategy into my portfolio, just wanna do it right. This helps a lot. Learning what not to do is as valuable as learning what to do, this video provides both but later on I was convinced to try out packages of Vcorpinvest🟣Com which have yielded lot more profits all to my bank account
The quality of this video deserves 10 Million subscriber and 25million views . Such an amazing and talented young men with so much talent on explaining as smart as possible how to actually earn money from crypto and not having to rich much money . Thanks dude for this video keep it up and a shout out to vcorpinvest৹Com for being real with their investment plans, i have made so much
The quality of this video deserves 10 Million subscriber and 25million views . Such an amazing and talented young men with so much talent on explaining as smart as possible how to actually earn money from crypto and not having to rich much money . Thanks dude for this video keep it up and a shout out to vcorpinvest৹Com for being real with their investment plans, i have made so much