It's a glorified JPEG file that's supposed to appreciate over time so you can sell it for more value. But honestly it's just the equivalent of a con artist selling fake art to customers
imagine everyone is fucking your wife but you keep telling everyone it doesn't count because you have the marriage certificate. Its basically like that
there's a fantastic documentary called Line Goes Up that goes in depth about all the issues with crypto and nft's. it's on youtube and i'd highly recommend giving it a watch
It's a visible smart contract. Smart contracts are written on a crypto block chain. You can program the contract to do anything. It can be a picture, it can give you a part of record sales, you can get ownership of stocks. I've been investing in then for about two years. It can be lucrative if you do your homework.
Most NFT's are quite simply a ponzie scheme. You don't even get a copyright for the thing connected to the NFT. The value is in what some other person is willing to pay for it, anyone selling you an NFT is selling you wolf tickets.
@@raigresham1298 I'd hope so, I'm a software developer and heavily involved in coding on the blockchain. Maybe your understanding of blockchain is the limiting factor here.
I know someone whose basically been homeless, after being committed by her mother and ex husband,for a year and has been crashing with friends or at the shelter. She says she has "business partners" she's working with to develop NFTs and once everything is in place shes going to have hundreds and hundreds of thousands of dollars. NFTs are Mary Kaye for adolescents
You you could not take financial advice from a grown man with "lil" in his name. There was a dude who literally made a coin called SCAM. And still became a paper billionaire. Some people don't deserve their money
You forgot to mention Drake has an NFT Collection too. Nas is also selling Royalties of a couple of his new songs as NFTs, meaning fans can make money by supporting their favorite artists. Not a huge amount or anything but the technology is getting there, which I think is good and should be supported.
The Nas royalty NFT is a f’in joke. How can 500 people each get 7% of the royalties? That math doesn’t work. It says each gold investor will get 7%, each diamond investor will get 21%. Does he think his fans are THAT dumb? Clearly they are gullible, but also that bad at math?
@@stayathome316 that’s what I’m sayin?!??!! Granted, I’m gen x, so maybe it’s going right over my head but isn’t this niche market that’s only valuable provided the actual owner deems it valuable? There’s no surety behind it … so ok wait… they’re selling jpegs but the values in the metadata?? How can you sell a percentage of a song to hundreds, thousands of people?? Wouldn’t it eventually render the deal worth less than 0??? Excellent video but I’m still lost 🤦🏻♀️
Hey man, have watched and loved, I think, every video. Anyhow, If there is enough material for an “I can’t feel my face mixtape” video it would be an instant hit In my eyes! Those songs have always meant a lot to myself, and I would like to think the genre as a whole. Keep up the good work as always brother.
You need to do some research on what it is. I can tell you’ve never taken the time to research it. People called the internet a “FAD” and now it runs the world. Same goes for NFTs, Crypto, blockchain etc.
@@dexhendrixt5hmg yup. Itll be the way you sign all your agreements, the way contracts are verified and processed. Like i said. Do your research. NFTs aren’t just glorified animals that look like they’re on molly. Or just sit here and call me an idiot either way idrc
Man I have watched about a billion videos on NFTs. And maybe I’m just old but I STILL dont know what the fuck an NFT is. That’s some new generation stuff.
I understand that this channel is geared towards hip hop/rnb/rap themes, however, I’d like to remind everyone that, the nft scam is prevalent everywhere. Not exclusive to black artists
no hes not. hes actually extremely uninformed on this topic which is both weird and sad seeing as how he probably has enough money and people around him to really do something cool with NFTs. Oddfuture NFT that gives all holders exclusive access to shows and merch would do extremely well.
@Mayo Monkey 500k for what ? bruh you just speaking without knowing what you talking about which is the same as most people in here. not all NFTS are jpegs and go for 500k XD anyone who believes that is an idiot and proves to me your knowledge on this is extremely limited to the content you're consuming instead of actually researching any of the technology. you can release albums for $10 as an NFT...its the same as buying an album on apple music. completely voiding paying DSPs and anyone else trying to eat off your art. oddfuture can easily make the nft cost less than a ticket to their festival and make all holders get tickets for free in the future. if they mint 10000 at the same cost as a ticket but the holder gets unlimited access to shows related to that album. thats $1m directly into the pocket of the artist and the fans get to enjoy free concerts and exclusive content. its a win win all around. you cant just copy an NFT and assume you own it, you wont have any ID on the blockchain proving you own it. it will take me 2sec to look it up. you can copy them like you can copy anything in this world but as soon as you go to sell it there will be no record it even was minted making the value 0 LIKE ALL BOOTLEGGED STUFF. its okay not to understand this technology fully but don't speak on it unless you actually know what you're talking about. the UFC is releasing an nft that allows holders access to exclusive seats for fights at a good price. if youre a UFC fan, that holds value and will do extremely well.
i'm still so mad at snoop for taking down all those classic albums just to sell them as nft's. Some of the songs he took down are so obscure that there are literally no youtube uploads so that was the only way to listen to them. He's probably gonna forget about those songs anyway because they're so obscure, or he'll think no one will buy them, essentially making those songs "lost".
The part they forget about NFTs is that if someone compromises the original hosting server, that person can literally wipe everyone's NFT and capture the original block chain and hijack it themselves. Happend to a couple of NFT project groups
There are elements of NFT’s that are a legitimate vision of the future of art distribution, however as of now they are grossly overvalued and overhyped. Same goes with crypto.
@@cgs20 I stand by what I said. The world is moving more and more online, and thus, art and culture will follow. The potential is unmatched. It’s just a shame that such an idea is being bastardized.
@Miles Prower I’m not talking about making money. I’m talking about the future of art distribution & ownership. NFT’s and blockchain are game changers. Once the hype & press dies down, we’ll starting seeing how it’s supposed to work.
@@kayodakonspiracy I see it lasting for a couple of decades or so. The future is approaching and many younger generations after Z be born, that's when shit would be their time. Know the onset!
I would say that if Tyler, The Creator - who I would say is a major innovator in his industry - doesn’t see NFTs as anything more than a dick-swinging contest, then they ain’t shit, and they’re certainly not innovative themselves. At least not the vast majority of them.
Fans think cause rappers doing it everybody should bro you really think a rapper gonna sell a nft for 12-100k to a Regular fan no they waiting for some billionaire to buy it and fans really got they money sitting in there waiting
I can't see the value of NFT's. Later on even if you got it from a famous person doesn't guarantee that it's safe to buy. Though safety to profit isn't what's going to happen making it safe to trade at all would be a good start.
decenter is a bread crumb. Decentraland has casinos. The only thing that isnt a scam about a free video game...is the fact its a video game. Therefore, esports is the future and the whole wap if u ask me
NFTs applies to “Serious Inquiries Only” those will be the people that actually will benefit from the experience. It’s not for everyone, the majority of the world isn’t event connected to the crypto world and it’s booming. It would be great if it became more known, but it will be fine without widespread adoption
Hip Hop isn't the #1 genre in the world 😂. Artists in Spanish you've never heard of get more streams than most hip hop artists. Bad Bunny will top all of Drake's streaming records in his sleep. American rappers think that they literally invented all music and are the center of the world.
If you don’t know about crypto or nfts then don’t get into it, you’re just asking to get scammed. But there is a lot of money to be made in that space, whether you want to believe it or not
I'm STILL confused as to what an NFT is even after watching. Can somebody please explain it the long and simplified way for me?
It's a glorified JPEG file that's supposed to appreciate over time so you can sell it for more value. But honestly it's just the equivalent of a con artist selling fake art to customers
Digital artwork that’s supposed to sell for more over time…SCAM.
imagine everyone is fucking your wife but you keep telling everyone it doesn't count because you have the marriage certificate. Its basically like that
there's a fantastic documentary called Line Goes Up that goes in depth about all the issues with crypto and nft's. it's on youtube and i'd highly recommend giving it a watch
It's a visible smart contract. Smart contracts are written on a crypto block chain. You can program the contract to do anything. It can be a picture, it can give you a part of record sales, you can get ownership of stocks. I've been investing in then for about two years. It can be lucrative if you do your homework.
The fact that rappers would rather drop NFT scams instead of classic albums, is worrying.
Truuuuuuuue
Classic music is hard pushing nfts is easy
They don’t care about music anymore just money
The passion ain't there no more
We need the next gen
This gen sucks
Misplaced priorities 🤷♂️
i screenshitted
I beg your pardon
huh?
I screensharted
Aggggghhhhhh
@@chukwuv2738 what does that mean?
Most NFT's are quite simply a ponzie scheme. You don't even get a copyright for the thing connected to the NFT. The value is in what some other person is willing to pay for it, anyone selling you an NFT is selling you wolf tickets.
What about Hyundai that’s selling the NFT of your car maintenance history? Are they wolf tickets too?
@@heath1796 you don’t know what an NFT is, do you?
@@heath1796 think that was alfa romeo wasn t it?
@@raigresham1298 I'd hope so, I'm a software developer and heavily involved in coding on the blockchain. Maybe your understanding of blockchain is the limiting factor here.
@@heath1796 You are a scammer too hahaha. That's why you are defending NFT bullshit
it’s so sad that DOOM’s legacy was tainted by NFTs right after he died
Did the same thing for Stan Lee
Why? Just why?!
DOOM had to have known about NFTs
There’s a instagram post of the mask NFT days before his said passing
Stan Lee situation is fucking sad man you guys should watch a video about his life his daughter using his fans for money
Exactly
I know someone whose basically been homeless, after being committed by her mother and ex husband,for a year and has been crashing with friends or at the shelter. She says she has "business partners" she's working with to develop NFTs and once everything is in place shes going to have hundreds and hundreds of thousands of dollars.
NFTs are Mary Kaye for adolescents
I know a lot of adults asking about them too. People are desperate, no one is willing to save, it’s hilarious from the outside looking in.
Wow
If you go out of your way to spend any amount of money on a NFT you deserved to be scammed.
“None of the examples I’ve seen are nice, it’s a f*ing monkey in a supreme shirt” -Tyler the creator 2022
NFTs? More like No fucking thanks
Take whatever you'd spend on an NFT and buy an ETF instead. Then forget about it for about 30 years.
Nah because hedge funds are definitely shorting etfs into the ground.
@@JohnWick-es7wq ETFs are a collection of stocks man it's price is weighted to many different companies
Your coverage of the NFT's influence in hip-hop, its potential and pitfalls, is fair, informative, and well-researched. Thank you for this content!
big ups peimp
You you could not take financial advice from a grown man with "lil" in his name. There was a dude who literally made a coin called SCAM. And still became a paper billionaire. Some people don't deserve their money
We live in a world of stupidity that people use real money to buy a worthless pic on the internet that everyone has free access to
These NFTs are the new version of being on love and hip hop...1985
This is why tyler is a legend. Doesn't feed into that bull$#!÷.
" where you going in that shirt, in that shirt, in that shirt"
I don’t even know what a NFT is
an NFT brand
ran an ad on this video
If i would launch a nft scam i would call it the “You Get What You Deserve” coin , just to rub it in
NFTs, or non fungible tokens, are the biggest scam in modern era, period.
I still don't know what an NFT is. No explanation of what it is.
You forgot to mention Drake has an NFT Collection too. Nas is also selling Royalties of a couple of his new songs as NFTs, meaning fans can make money by supporting their favorite artists. Not a huge amount or anything but the technology is getting there, which I think is good and should be supported.
The Nas royalty NFT is a f’in joke. How can 500 people each get 7% of the royalties? That math doesn’t work. It says each gold investor will get 7%, each diamond investor will get 21%. Does he think his fans are THAT dumb? Clearly they are gullible, but also that bad at math?
@@stayathome316 that’s what I’m sayin?!??!! Granted, I’m gen x, so maybe it’s going right over my head but isn’t this niche market that’s only valuable provided the actual owner deems it valuable? There’s no surety behind it … so ok wait… they’re selling jpegs but the values in the metadata?? How can you sell a percentage of a song to hundreds, thousands of people?? Wouldn’t it eventually render the deal worth less than 0??? Excellent video but I’m still lost 🤦🏻♀️
@@SteenyBean yes, it doesn’t make sense no matter how much they twist and rearrange the explanation 💀
Trap lore Ross a real one for not doing nfts he knows he appreciate his fans and know they got him doing what he loves for a living
Hey man, have watched and loved, I think, every video. Anyhow, If there is enough material for an “I can’t feel my face mixtape” video it would be an instant hit In my eyes! Those songs have always meant a lot to myself, and I would like to think the genre as a whole. Keep up the good work as always brother.
NFT is the new fad. It’s just a phase. It’ll fizzle out like every other trend did.
Who cares there’s money to be made I’ve made a couple thousand myself
@@l3n1san how ?
You need to do some research on what it is. I can tell you’ve never taken the time to research it. People called the internet a “FAD” and now it runs the world. Same goes for NFTs, Crypto, blockchain etc.
@@CarlosEspinoza-cf1qo lmfao I KNOW you didn’t just say this bullshit is “running the world”
@@dexhendrixt5hmg yup. Itll be the way you sign all your agreements, the way contracts are verified and processed. Like i said. Do your research. NFTs aren’t just glorified animals that look like they’re on molly. Or just sit here and call me an idiot either way idrc
Man I have watched about a billion videos on NFTs. And maybe I’m just old but I STILL dont know what the fuck an NFT is. That’s some new generation stuff.
Snoop?........Aye Unk have you been in the Metaverse yet? 🤣🤣🤣🤣🤣🤣🤣🤣
I see am not the only one here that listens to Spencer 5:45
I mean look at the artists involved with rug pulled NFT’s. Nas and Snoops did fine… never trust a mumble rapper.
Dude you gotta make a video on Snoop Dogg and this whole making DEATH ROW RECORDS an NFT thing
💭💭💭 not a bad idea
Rappers don’t care about music anymore just money
I will be there, just want to finish my few years left in school... I have nice music
The pictures are monkeys because that's what they think of us
I bet none of these artist don't even know what NFT stand for
People should use block chain publishing as a copyright measure.
I use to really like snoop like old snoop but new snoop has sold out so much that he is borderline cringe at this point…
I think Butter's everytime someone brings up NFT'S 🙃
1:26 sounded like he said osama bin ladene 😂
I understand that this channel is geared towards hip hop/rnb/rap themes, however, I’d like to remind everyone that, the nft scam is prevalent everywhere. Not exclusive to black artists
Exactly. It's mainly white ppl trading and selling NFT:s
i agree
Who the fuck brought race into this. Stop with that race bulshit man
@@Yetabronz rap was started to address racial oppression and white supremacy. Why are you even here
@@slickrick2420 source: Wikipedia
GUNNAS pushin pETH has to be my favorite scam that nobody talks about because they rugged in like 3 hours lmao
why does hiphopmadness have tech n9ne in the thumbnail and he's not even involve in a nft sale.
The struggle is real
Lil Baby should’ve been in the thumbnail💀
NOT LIL BABY 😟
Tyler is speaking FACTS.
no hes not. hes actually extremely uninformed on this topic which is both weird and sad seeing as how he probably has enough money and people around him to really do something cool with NFTs. Oddfuture NFT that gives all holders exclusive access to shows and merch would do extremely well.
@Mayo Monkey 500k for what ? bruh you just speaking without knowing what you talking about which is the same as most people in here. not all NFTS are jpegs and go for 500k XD anyone who believes that is an idiot and proves to me your knowledge on this is extremely limited to the content you're consuming instead of actually researching any of the technology.
you can release albums for $10 as an NFT...its the same as buying an album on apple music. completely voiding paying DSPs and anyone else trying to eat off your art.
oddfuture can easily make the nft cost less than a ticket to their festival and make all holders get tickets for free in the future. if they mint 10000 at the same cost as a ticket but the holder gets unlimited access to shows related to that album. thats $1m directly into the pocket of the artist and the fans get to enjoy free concerts and exclusive content. its a win win all around.
you cant just copy an NFT and assume you own it, you wont have any ID on the blockchain proving you own it. it will take me 2sec to look it up. you can copy them like you can copy anything in this world but as soon as you go to sell it there will be no record it even was minted making the value 0 LIKE ALL BOOTLEGGED STUFF.
its okay not to understand this technology fully but don't speak on it unless you actually know what you're talking about. the UFC is releasing an nft that allows holders access to exclusive seats for fights at a good price. if youre a UFC fan, that holds value and will do extremely well.
Usually does
Gotta love Tyler lmfao
Voy a necesitar ir a terapia después de ver los NFT de takeshi 69
it’s upsetting seeing them follow something that’s so obviously useless and harmful.
Ask Drake about NFT’s. Dinner on Jorge. He owes Miami this much for the Colby Card scam.
“We will be putting out artists through the meta verse” 🤣🤣🤣
💀💀💀💀
@@themanbehindthemirror2195 dudes a sherm head 😂
@@themanbehindthemirror2195 he bought a fucking record label and is trying to buy Tupac's masters I think he's fine
i'm still so mad at snoop for taking down all those classic albums just to sell them as nft's. Some of the songs he took down are so obscure that there are literally no youtube uploads so that was the only way to listen to them. He's probably gonna forget about those songs anyway because they're so obscure, or he'll think no one will buy them, essentially making those songs "lost".
The part they forget about NFTs is that if someone compromises the original hosting server, that person can literally wipe everyone's NFT and capture the original block chain and hijack it themselves. Happend to a couple of NFT project groups
There are elements of NFT’s that are a legitimate vision of the future of art distribution, however as of now they are grossly overvalued and overhyped. Same goes with crypto.
There are no elements of NFTs that are the future of anything. The only thing NFTs have done in regards to art is scam artists or steal their art
@@cgs20 I stand by what I said. The world is moving more and more online, and thus, art and culture will follow. The potential is unmatched. It’s just a shame that such an idea is being bastardized.
Nfts aren't the future but blockchain tech is cool though
@Miles Prower I’m not talking about making money. I’m talking about the future of art distribution & ownership. NFT’s and blockchain are game changers. Once the hype & press dies down, we’ll starting seeing how it’s supposed to work.
@@hansolo9585 NFT's are trash overall.
Anyone else thrown off by the hair loss ad?😆
It's all a fad that'll be over & forgotten soon..
I give it roughly 3 to 5 years
It won't
@@kayodakonspiracy I see it lasting for a couple of decades or so. The future is approaching and many younger generations after Z be born, that's when shit would be their time. Know the onset!
Gen Alpha gonna be raised in this era of NFTs and its only gonna get crazier from here
@@ianmista619 then Gen Omega
I would say that if Tyler, The Creator - who I would say is a major innovator in his industry - doesn’t see NFTs as anything more than a dick-swinging contest, then they ain’t shit, and they’re certainly not innovative themselves. At least not the vast majority of them.
Kanye doesn’t see any worth in it either!
I'm really confused on how I even know how much I have in profit after an nft of an album is selling
NFTs are bad for everything, not just hip hop.
Nft biggest scam, all hype
The Migos went all in on this too lmaoo dummies fr
I found that there is also a video here apart from the intro and ad
If the original server hosting the site gets destroyed they have a fancy line of code that does nothing
Love the Jamari shout out. Dude has great content
Ironically there was an ad for NFTs before this video.
The idea of NFTs it's good on paper. But in practice? just scams and money laundering
So what is a nft ?
Love the content man!
Fans think cause rappers doing it everybody should bro you really think a rapper gonna sell a nft for 12-100k to a Regular fan no they waiting for some billionaire to buy it and fans really got they money sitting in there waiting
They got my boy Spencer dropping straight facts !
White boy Spencer for the win 🥳
Yup!!! White boy Spence in da building
I like that you used a trap lore ross clip hes extremely underrated
i hate that i got a weird ass nft ad before this
I can't see the value of NFT's. Later on even if you got it from a famous person doesn't guarantee that it's safe to buy. Though safety to profit isn't what's going to happen making it safe to trade at all would be a good start.
So this dude talking about nft scams, in the same time he promotes hair growing products with 50% off💀
Lol the Irony of him doing a Keeps ad in his video while doing a video about NFT scams 🤣🤣🤣
8:58 - who told you hiphop is no. 1 in the world 😂😂
Been saying this bruh
I got an ad for NFTs on this video
I don't even feel bad...people are just plain stupid for falling into it
NFTs work because ppl have short term memory
There's 3 videos with "the biggest scam in Hip Hop" in the title, so what's the biggest scam then Jewelers, NFT's or Record Labels?
Series title cataloging the arguable options.
Doesn't say anything about a series or even a playlist
See the tulip craze a couple of centuries ago.
Got a ad about nfts in the middle of this.
decenter is a bread crumb. Decentraland has casinos. The only thing that isnt a scam about a free video game...is the fact its a video game. Therefore, esports is the future and the whole wap if u ask me
Scammers gon scam
This is a great channel. Keep grinding great videos!!!!
What if someone unplugged the internet right now?
I mean yall don't needa invest. More $ for us
Nice to see Trap Lore Ross in the video!! Dudes content is amazing!!
Tulipmania: Metaverse Edition
TRAP LORE ROSS CLIP GO HARD ASF
Crypto, Nfts all a big scam. Digital poker chips
Why would Nike and Adidas make an NFT if its a scam?
I'm good on that stupid digital world I'll be celebrating my real world
Your in the digital world now aren’t you?
NFTs applies to “Serious Inquiries Only” those will be the people that actually will benefit from the experience. It’s not for everyone, the majority of the world isn’t event connected to the crypto world and it’s booming. It would be great if it became more known, but it will be fine without widespread adoption
It’s all a fad bro
It’s destructive to the environment it doesn’t need to be anymore popular
Hip Hop isn't the #1 genre in the world 😂. Artists in Spanish you've never heard of get more streams than most hip hop artists. Bad Bunny will top all of Drake's streaming records in his sleep. American rappers think that they literally invented all music and are the center of the world.
Bad bunny is a rapper.
Trap Lore Ross.
Trap Lore Ross.
If you buy a lil pump nft just disappear.
Trap Lore Ross Shout Out 💎
NFTs are lit fam see y’all in tha metaverse
I don't like the fact that my favorite emcee(eminem) is promoting an nft hurts
But its your money brush
Enjoy it
Still loves you regardlessly
oh so snoop is killing death row that’s great
Gotta love the hackers that take them nft’s
Snoop made $40,000,000 on NFT last quarter 2021 to march 2022. I watched it unfold and was majorly impressed
Funniest part is that 40m was in BTC, so now it's only 16m
@@crm7428 he probably cashed it out I thought he was a good guy but he’s the worst
@@regumkoyu6620 he is a normal guy
If you don’t know about crypto or nfts then don’t get into it, you’re just asking to get scammed. But there is a lot of money to be made in that space, whether you want to believe it or not