My college tried to make NFTs of our mascot. Just like a Marvel movie, all majors assembled in the comments section like the fucking Avengers. The shitstorm that ensued in the comment section just seconds after it was posted is something that cannot be described with words. At no other moment in history was my college more united, as dozens of students tore into the poster, calling out the absolute stupidity of this idea and all its consequences. Student Relations had to step in and ask whoever ran the Instagram account to take the post down. Within the first half hour, an apology was posted on my college Instagram’s story and every trace of it was erased from existence. Thank god.
@@Duckbusinessman who cares, people today are drama queens. The college was probobly trying to be "trendy" for the students and they got shit on for it. At least they tried...
I love how silent the bros have been. Imagine being a dick for like 3 years to everyone who called it a scam or worthless, then watching your investment burn before your eyes. Sad part is some of these people won't learn a thing from it.
I've got an excellent investment opportunity for them if they're cut up about nfts! There's this big obelisk in the middle of Washington DC and I could sell it to them, right now for the low low price of $400,000 or a big clock in the middle of London for a value price of £1,000,000! No they wouldn't be able to take them home, but I could give them a bit of paper that says they own it that they could show everyone! To those who say this is clearly a scam, I say they're haters and just can't see a quality investment even when it hits them in the face.
As someone who screenshots NFTs, I have never felt so optimistic of this happening. Whenever I would feel down, at least I can recall that I never purchased an NFT.
@@forgivezharion1261 damn dude he’s smoking you I would retract that ratio rn cuz it’s boutta be murder Edit: OH MY GOD IT IS A MURDER GET OUT WHILE YOU CAN SAVE YOURSELF THE EMBARRASSMENT
the weirdest thing about NFTs is that if someone "steals" them through a scam... it's THEIRS. the whole crypto side of internet has collectively agreed that if someone steals an NFT it's now legally their property despite who actually spent money on it. whereas if you steal something in real life you will go to prison because that's how property actually works
If someone gets scammed by a nigerian prince that money is lost and good luck tracing down Mr Okoye Abubakar in Nigeria to prosecute him. This is the same situation. If you get scammed out of an NFT 99% of the time you just being extremely gullible. New technology brings new types of scams and people have to learn how to navigate the space.
Another version of this is insinuating the “”opponent”” is being disingenuine. “You just are doing this so people like you! You’re just white knighting to get women! You’re just wearing this product to look rich! You just decorate your clothes or car to get attention!””
@@melody3741 Indeed. Toxic creators think they're Shakespeare and lack humility. Any successful creator will say to listen to constructive criticism. But I don't think they've ever been told no.
Whenever I hear words like "troll" or "no life" or "mom's basement", that's how I automatically know whoever is saying them has absolutely ZERO actual arguments or comebacks.
Nfts really showed a lot of artists’ true colors, cause so many of the ones who adamantly defended them acted like jerks to their mutuals and fans who were against it. So many reputations and bridges burned over what was centered around ugly monkey drawings
I avoided even learning about what NFTs are. I assumed it was just another way for rich people to hide wealth to avoid taxes, just like physical art is. I have grown up living by the rule "the internet is the worst place on earth, populated by the worst people on earth." Hasn't failed me yet.
I feel a little bad that I am experiencing schadenfreude from people that fell for NFT's and crypto currency. The writing was on the wall from he beginning. The smartest ones (or people with epic timing) are the ones that got out of it at it's height
With NFTs I would agree as they don't serve any purpose but I doubt crypto is dead now. 2018-2020 everyone also said it was a bubble/dead. Bitcoin has seen several near 90% crashes and people have called it dead every single time.
@@dayko. Well, it should be dead. It was much too volatile. To minimize it from crashing hard it needs to remain low or slowly inch up instead of rocketing up. Maybe that will happen now.
Can’t believe Seth Green has paid almost half a million in total for that one stupid NFT. Imagine going to court over something like this, waving your fist in the air screaming “somebody stole my apes!”
He threatened to go after the guy with his "18 years of studying law" then paid $300k instead. Imagine how well it went for him when everyone in his production crew laughed at him because he didn't know there's no laws for these things lmao.
@@lw8882 I can fully believe he spent 18 years in law school. I also know that it takes far fewer than 18 years to get a law degree. Must've had to repeat a lot of courses.
NFTs basically just proved how genuinely stupid people are. "Here's some objectively bad art. Because we say it should be worth something because we called it an NFT, pay us thousands for it." And people were complete idiots and decided to buy the amateur, trash art for thousands. At least with actual scams, they prey upon insecurities, fear, ignorance. But when it comes to NFTs.... you really don't have an excuse to fall for them. They're like fake trading cards. But you don't actually get anything physical. And the most popular ones being these really ugly badly drawn "apes" just puts the icing on the cake. I mean, come on people, couldn't you at least be trading cute cat pictures or something instead?
I agree, look I love some ig modern art pages, I saw potencial on them. Fuck i would even buy one of them. But fucking apes... With an slightly change, and these crypto punks... Wtf????? I had never seen something so stupid in my entire life
Does anyone remember reading about the Tulip bubble in the middle ages? At least with tulips you could smell them, you could eat them(not very tasty though) and you could burn them for fuel. As stupid as the tulip craze was, it was still less stupid than the NFT craze.
Bro I bring up the tulip bubble pretty often but not many people I know payed attention in sophomore history class I guess. Glad to know someone gets the reference tho thank you
The Dutch Tulip Crash has been pretty thoroughly debunked as far as a "widespread thing that people lost a ton of money on and had massive economic repercussions." One of the most prominent researchers into tulip mania found fewer than half a dozen tulip buyers who ended up in financial hardship, and some of those cases didn't even appear to be tulip-related.
I have a classmate who was getting *heavily* into NFT's and crypto. Last I saw him was before the summer, when crypto was still doing well. I actually almost bought in based on him, because he really was making buckets (in the sense that his crypto was worth more than what he paid for it. He wasn't making *real* money). Ended up not because it seemed like a scam. Anyway, I hope he's doing alright in the fall, because he strikes me as the kind of dude who genuinely put everything into this bullshit.
I knew a few people that were dumping all kinds of money into crypto and they keep saying its coming back but i never fell for it id rather do gold or something it just sounded so fake to me
It's not over, it's just starting. Artists should be embracing this. Imagine, in the past people would sell their art and get a one time payment, and usually have someone else taking a cut of the profits. If you're good at creating art then you should create some NFTs, you could even set it up so that every time the NFT is sold on the marketplace you recieve a cut of the resale, or give that money straight to charity, or to your family after you're gone. Also NFTs are more than art, we can use that technology to replace many current ways of doing things, land/vehicle deeds would be a good example, so we don't have this issue where people lose their home because someone messed up an excel spreadsheet.
It's not actually over. It's just a clickbait video title. NFTs are far from dead. Only the hype around it is somewhat dead or maybe not if people keep posting videos like this. Negative publicity is still publicity. People oblivious to this NFT stuff will keep getting scammed which is funny AF. I don't really see the problem of people getting paid loads of money for bad art. I mean a banana taped to a wall is just as bad. Artists have it bad in this world anyway. We get shit for payment so I don't mind scamming some wealthy-ass scum for their money. Even the UFC is promoting its own NFTs now.
I remember a story being shared around about a guy that invested $300,000 in crypto/NFTs and got wiped out. Had to explain to his wife that he lost his savings due to investing nearly half a million dollars in Microsoft-Paint-quality JPEGs.
Correction, they existed so that people who bought digital art could profit off a digital artist's work and popularity somewhere down the line. Commissioning an artist to make you artwork already existed, it wasn't a problem that needed solved. NFTs never did anything for artists themselves, they only really mattered for people who bought art. And all NFTs really did was exist to try and further legitimatize cryptocurrency by giving you something to buy that wasn't illegal because surprise, nowhere legitimate wants to deal with a poorly functioning payment system with incredibly variable currency value.
Good god I love how Saberfart probably has the most appealing design in the entire cast despite them trying to make him look WORSE than the horseshit designs they make
I had a dream a while back that there was an NFT show, and it was genuinely well written and made. Like it was actually funny and every UA-camr gave it credit. Needless to say I woke up in cold sweats.
I was thinking of painted nfts, where you get an nft on a canvas and it's hand painted and only one exists. but then I remembered that those already exist and they're called paintings.
As a digital artist myself I hate NFTs, because most artists even if they did try to make NFTs, got scammed themselves, or heavily under paid, and the NFTs that ahd actual good art never got anywhere, it was all about the rich getting richer, the artists never really made money. Just look at Garry Vee V friends, absoloutely shite art, stuff that could literally be drawn by 2 year olds and they sold for loads, it was never about the art and good art never got anywhere in the NFT space.
that's because you're not buying an image when you buy an NFT... it's literally just a certificate/receipt of a stock representational of nothing, of course no one is getting support lol. it's just a reverse robinhood scheme. It's like complaining that your As Seen on TV crap is just that, crap..
I know some really talented artists who dabbled in making their pieces NFTs, and I'm guessing it didn't go well because it wasn't long before they stopped lol
well the whole nfts are digital art narrative didn't last long, they quickly pivoted to them being access passes to communities. That really didn't work either as people quickly gathered they'd pay tens of thousands to join communities of KHVs
@@Potateornottotate No I'm not describing art lol. The "art" market is a scam yes. But when you buy it, you actually own the art. An NFT doesn't provide you with intellectual property ownership, neither does it protect from copyright, because you're not buying the art, you're buying a raffle ticket for a data-chain that is only worth whatever people or its owners say its worth. People can change the nft to whatever image or sound they like lol, the so-called "art" is a placeholder for a stupid invoice. People were buying invoices, hoping to sell them off to other more stupid people.
One of the guys I work with is a cryptobro/FOMO, he was trying to push NFTs earlier in the year, he got super mad when I said "sounds like a way to get scammed out of actual money." he lost 90% of his families savings when he got caught in a rug pull.
3:29 My favorite thing was, in that episode, they animated people who critiqued them. Saberspark was one of them. Absolutely laughed my butt off. They got in the series without having to buy an overpriced jpeg.
SaberSpank was *right there* and they just went right past it. At least that one is a double entendre. Then again leaps beyond logical thought is kind of the M.O. of NFTbros.
Honestly with how most nfts are automatically generated, I’m amazed anyone considered it art. Most nfts pieces are not even looked at by the creators you cannot call that art. If anything an argument can be made to call the program that generates them art maybe. But still the fact that so many people are willing to call auto-generated soulless drawings art is kinda sad
It's like taking a picture of one of those toys for kids where you can rotate the head, body and legs, then taking a picture of it, uploading it opensea and asking 5 eth for it.
NFTs don't come with any kind of intellectual property protection, unless that is explicitly added with a legal contract that could also have been made without the NFT being attached. So Seth could have made the cartoon without any problem. Except he would have to admit that owning the actual NFT was pointless. Which would expose the entire scam.
If you really want to support artists, the commission them. As long as the idea isn’t offensive and the pay is good enough they’ll be happy to draw it out for you and be able to support their future endeavors. It’s a true Win-Win
@@Anonymous-73 when I think of commissioned art I think of logos, boxart, movie posters, portraits & the like. A lot of the ancient art we have today was commissioned, too... one does not simply walk into the Sistine Chapel & start doodling on the walls lol
I remember when NFTs were first getting popular and everyone in my business class including my teacher thought they were going to be some big innovation that's going to change the marketplace and how we buy things and such, I basically said "It'll die off in less than a year" I was laughed at and called stupid, so the death of NFTs is a little therapeutic, but I'm still bothered by the fact people ever took NFTs seriously
I said the same to my cousin who was super into them the second they popped up, who I quote said, "You clearly don't understand anything about it, stay broke." our family is really struggling financially, and he had made a shit load of money, refused to share a cent of with any of our family and has now lost more than he had ever made. And is now asking us for money.
My favourite thing is the people who said that they're a great investment because the block chain is free from things like inflation. Now everyone is selling because they need money due to inflation and crypto is tanking. Crypto is basically just a foreign currency that's more volatile than the Zim dollar.
I was in time square in NYC and I saw an ad for NFT's on one of the giant billboard things on a building, it was the weirdest thing I have ever seen in my life and I do not get how people could buy those monstrosities. They were actually terrifying and cringy to look at.
The best part of the crypto crash for me at least is I can finally afford to build a computer again. and watching the miners crying their eyes out trying to recoup part of the money they dumped into overinflated video card prices is the sweetest cup of tears i've ever tasted.
@@0v_x0 any card owned by a miner is gonna be overpriced (like everything else in the crypto-sphere) and so used that they should have to pay you to get rid of it. those cards run 24 hours a day, every day, at full capacity. that's the GPU equivalent of driving a car up a steep, never ending slope without ever letting up on the accelerator. it won't last long, if you're able to even turn it on at all lol
Scalpers and legit businesses in my country are starting to get bankrupt as well. They deserve it for selling mid range gpu for $600 and $350 for the lower end.
@@cadester123 Actually you can buy gpus used for mining with no problem most of the time, real miners usually underclock their GPUs and keep them at low temperatures (60-70c in a 90c capable GPU for example) since having them working at max or near max capacity is counterproductive and overly consuming, if you buy a gpu that was used optimally while mining 24/7 during 6-12 months you'll probably experience a performance drop from just around 0.5-2% at most in comparison to a brand new one, this of course after adding new pads, new paste and checking everything is nice and clean. Despite this: You should always ask the vendor questions regarding the conditions it was used in such as the space, the temperature it was used at and during what periods of time. If it's possible, run a screen test and a benchmark yourself before buying it, if the GPU convinces you, go ahead and buy it, there's not much to fear about most of the time!
Personally, I find NFTs stupid. It is not a commission from an artist, or even the rights to a piece of work. You might have the rights to a specific line of code that corresponds with your image, but it still isn't your own. If you wanted actual tangible art, you would buy from a museum or create your own. But what happens to those who cannot afford a tour of an art museum. Should the people who wanted to look at the smithosian be turned away because they didn't buy an NFT of their fossilized personality? Art is as intriscially human as cooking for those we love, to see art used as only a method of currency is saddening.
i think its just the hope, that they will increase in price. There is no use, or anything... there are some with extra use, where you get acces to certain events or so, but most of them are just links ti jpg's.
some artists were even "selling" physical pieces as NFTs and not sending out the physical piece, the purchaser gets an image of a physical art piece and owns a line of code but never gets to actually own the art work they paid 20k for
@@WGasmss i partially agree but don't forget that some artists from the past were in fact making art in order to sell it, so the idea of making to sell isn't new, there's just good and bad ways to go about it. for example there's a community of artists that love animals, so they sell pet portraits, i don't think its bad that they put a price on that art but at least most of the time they care about what they are making. There's still an essence of passion that goes into it. I wouldn't say money adds or subtracts passionate value it just kind of depends how they go about it. nft's are a good example of profit with low passion while i'd say a museum selling art holds some importance since they house old and new art. And most artists can't do what they do without money. TLDR there are hundreds of passionate artists you just have to look in the right places
You can kinda tell how much a company cares about their product(s) based on how they engage with criticism and trolls. They more they engage trolls the more likely they just want to make a quick buck or don't really care and just doing damage control to make as much profit as possible before it explodes in there face
It’s summer, 2022, and hardly anyone brings up NFTs in the mainstream anymore. It’s interesting to see with one’s own eyes a fad being introduced to the public, getting hyped, facing criticism, then ultimately collapsing. Like, it was less than a year ago when my FB feed and UA-cam recommendations were just full of people pushing NFTs. Now it’s barely mentioned.
Yeah. I'm not the leading authority on writing, but as an artist I can proudly say that that is some of the worst animation I've ever seen in my entire life
Let’s say, hypothetically, we wanted Seth to finish his show I think he could still do it with the same NFTs cause as legal eagle pointed out there’s no proper grounds for copyright enforcement and you don’t even own the picture itself. Another reason why owning an NFT is pointless.
I’ve been passively avoiding topics like these. But seeing that episode 2, just made me want to watch more of it. Not because I like it, I absolutely agree that it’s bad period. But just like how you cant stop seeing something disturbing, morbid curiosity is making me wanna see how it ends… I have no clue what I’m getting myself into but here we go
I think it was used mostly for money laundering among rich people but yes people with no aspect of reality buying this stupid shit are a problem as well.
@@F1lthymf They really thought buying jpegs was gonna financially secure them. Plus have you seen how defensive they get when you try tell ´em they're wrong? They know they are and telling ´em makes them even more insecure
8 months later, Square enix is repurposing a bunch of concept art and micheal soft clip art for a new NFT project that everyone already hates. Glad to see that as a society the people up on the tippy top still learn absolutely nothing.
NFT’s serve as an example that holds true to the fact that you can slap a price tag on anything, and there will always be someone stupid enough to buy it. The literal motivation for conning.
There used to be an app that costed 1000 bucks on ios that only had one button and only did one thing. It showed a message on screen confirming the owner was rich. Even that had more vale than nfts
Nfts were invented in 2014 with the purpose of document validation. In 2020 me and a couple coinvestors bought a company using nfts to validate documents on their chain. You basically upload a file and they store it on a server. If you want to make sure the file is correct you could upload another file and compare it to the first upload (pixel by pixel). Every validation (every nft) was priced at 1-2$. Very solid buisness concept if you ask me. Couple big insurance companies and realestate agents are using that system. Can’t understand what happened to that ape stuff. For me NFTs are utilitys and I think they never meant to be something else.
It blows my mind every single time to be reminded that apparently Crazy Frog is still an active franchise in some capacity. Seriously, the last time I can remember them actually DOING anything is the goofy "teedeediddy ding ding" song from like 15 years ago
I'm hoping with some time, the NFT bots will stop bothering me in my messages. Nothing more disappointing than thinking you got someone in your DMs interested about commissioning you, only for it to be a fucking NFT bot. It really fucking sucks :/
I mean, you can block them. Or laugh at their expense. Or threaten to use the make screenshot button and save, then delete because those monkeys are ugly as sin. I mean, imagine paying money for a link to a very ugly, artless picture that anyone can take from you and you can do nothing about that, right?
@@toblerone1729 Even if I block them, every new message is a new account. On DeviantArt there is 0 way to disable messages (for some reason) and the only option is to turn off the notifications. Its super sad.
i wish that we could revert to the 90s-00s internet, where there was no NFTs and it was all poor web design and spinning rainbow text everywhere on sites
Yeah, NFTs were so popular that my dad who can't even change the settings on his phone heard about it from his church friend in a zoom meeting, and we live in a third world country scarce with technology.
I was at the Apple store a few months ago trading in my wife’s old iPhone 8 for a new one and heard a dude maybe a few years younger than me (I’d guess he was 22 - 25) going on and on to a worker at the store about the NFTs on his phone. It blew my mind that, while he was trying to explain the concept to this employee (who could not care less) that the main point is to buy and flip later for a profit, that his NFTs had never gone up in value. This guy said he spent thousands on a few and they weren’t worth anything. It was incredibly sad because he sounded so earnest when he was talking about how cool he thought NFTs were, but he will be just one of many poor saps taken in by the naked scam.
If you don’t ask for a TOS when you buy an NFT you could literally be buying nothing. A lot of the NFT scams were due to scammers counting on people not asking too many questions. That goes for pretty much any scam. Always make sure you fully understand what you’re buying to the best of your ability.
I'm guessing this was for "investors" and not the audience. The video game industry often has the same problem, for a long time industry execs were saying "multiplayer games are the future!" and essentially "you don't know what you want". They did this to sell microtransactions (often ones that affected gameplay) and later on acted surprised whenever a single player game sold well. Now the big trend is the "Ubisandbox" and devs are getting angry over sandbox games that differ from the Ubisoft template getting better sales. I'm guessing because it shows there's no one fucking formula to instant success, and if there is it's not the one laden with microtransaction "booster packs".
Haha I remember when microtransactions were an innocent thing of the past, and now it grew into a monster that should be illegalized as underaged gambling. Some say spending $1k on a genshin impact character is cheap. Amazing lol
@@peachparee7647 thats why we as humans should bash monsters such as these out when they are innocent and tiny before it grows to be a full pledged titan.
You can't even imagine how many times I wanted single player games to have co-op, or appalling at games with spinoff co-op modes without bothering to make co-op a campaign option. It is an utter shame that the vast majority settle with the safe and cheap single player approach.
The concept of NFTs had the potential to serve a purpose. I worked on a college project which involved using NFTs to validate the authenticity of digitised medical records in a courtroom setting, sort of like a second check to compliment metadata. The application of NFTs baffles me, and I can't see for the life of me how they became what they did or why people bought into them.
So even in their best use case NFTs can be replaced by human fingerprints? As in, a unique identifying signature that everyone (I guess with the exception of bilateral amputees) has from birth, carries with them at all times, uses far fewer resources, has been in use for centuries, has already been highly computerized and automated, and is already implemented across fields ranging from banking to cybersecurity? If your hit new technology can be beat in that many factors by basic human biology I think it's safe to say it's a nonstarter.
@@BitrateBilly Yeah, but fingerprints have the added bonus of being decentralized, which is one of those buzzwords cryptobros love throwing around like confetti.
@@seacrystal6189 What Quinn likely meant was that they didn't plan the script out from the beginning, but rather episode 2's script was almost certainly only written and planned out after episode 1 was completed. Long story short, there is no long-term thought being put into the writing whatsoever.
I almost bought an NFT until I realized the fuckin gas fee (a fee you have to pay to convert one cryptocurrency into another) was $36 on a good day, which was very rare, but usually hovered around $60 - $90. I was trying to buy a $20 dollar NFT that I thought would really take off due to its unique design (it was a mo-cap capture of someone breakdancing animated to look like strange and colorful abstract characters with music in the background) but I would have ended up paying more than double the price of the NFT just for the conversion fee. Those gas fees may have saved me.
Glad you can see how it saved you. So many would have just convinced themselves the next one would be a hit, or they need to spend more to justify the gas fees.
I'd joke that Hot Wheels have more intrinsic value than NFTs... but Hot Wheels do have more intrinsic value than NFTs ever will. For one thing, you can actually touch them, examine them, admire the craftsmanship of some and actually enjoy them as a tangible item. You can't do that NFTs in the slightest. And yeah yeah, I know Hot Wheels/Mattel have gotten into NFTs themselves, but the ones I've seen are all based on models that exist in the real world and ones you can actually buy physically. It's not like they made some super-rare janky looking HW models that only exist in the blockchain... although I would not put it past Mattel.
well theres a reason people like to collect irl items, be it hot wheel cars, watches, stamps, coins or such. Not only does each part have an intrinsic value (especially that flat hotwheel with the roof window that could slide, pretty much first fidget toy), but you could actually touch them and use them. Hell, even sea glass and marbles have a real value in the large amounts people usually collect them
Also hot wheels has a good time existing and that means that maybe your father or grandfather can have one of the first ones in good condition and that makes it valuable, and it has the fact that real people has to design them, make them, and sold them, with NFT's it's just an algorithm who make art (a shitty art) and you can just screenshot it to have your own copy
Issue is that this time around wall street is all in and tied to cryptos. That alone makes this downturn a lot different than the ones before it. Add to that the was and the recession. So all bets are off when it comes to the come-up. But I agree that NFTs are done and dusted at this point.
Crypto might be alive for a little while since enough people still believe in it, but I believe that NFTs are dead or will die soon. I always saw them as nothing but a big fad, and every fad becomes dead at some point (usually within two years).
you can tell how good crypto is doing when El Salvador's crypto bro president began to jail 30,000 people in a month while his nation is about to default on debt since switching the national currency to bitcoin
If you don't have TOS or some sort of agreement when buying an NFT, you are stupid, end of story. The only way i see NFT's being useful are when they are used correctly, as a RECEIPT TO PROVE OWNERSHIP! SOME NFT's give owners perks and bonus's, One NFT that i had invested in previously gave the holders free access to weed con which would otherwise cost $320 a head, made use of the benefit about 8 times before i sold it off for 2x profit. Any other use of NFT's (e.g. Just for show like 90% of the NFT's these days) is simply F*****G STUPID!
@@NegaRenGenX2gay2lift To think the downfall of El Salvadors is caused by Crypto is kinda naive. It has been a failed state for a long time and the president just decides to speculate with public funds, while being on the brink of bankruptcy. Like if that is done by a private individual and he goes under, that surly isnt caused by crypto.
It’s a time to celebrate, but you also can’t help but feel for the people who were scammed out of their life savings from being deceived to believe in this shit.
Dude I swear I'm getting the same youtube recommendations as you, the last three videos I've watched in a row (with no connection between them) have had comments from ur channel.
I said this to a friend about crypto and NFT, that as soon as Covid rules relax they'll both tank because most people aren't stuck in their houses being scammed by crypto bros
Yeah, and people also might drop the low-key gambling habits and stop risking their finances once they remember what a functional life is, and why it's a bad idea to put it in peril for silly pictures.
I still remember on every post bashing nft’s, there’d always be atleast one comment claiming that whoever wrote the post was wrong about nft’s, and that they were the future and how everyone should be like them and start buying more nft’s. And the more and more I read those comments, the more and more it seemed like they were only trying to convince themselves that spending thousands of dollars on a crappy digital sketch of some random monkey that only took .2 seconds to screenshot for free was somehow a good idea
I believe the death knell that truly killed NFTs was that time when Seth Green lost his bored ape NFT to a crypto phishing scam. This was in May of 2022 and was already on a downward spiral at that point, but that one event irreversibly cemented any hopes that it will ever recover to any kind of main-stream use.
@@ollep0lle I know almost nothing about NFT's, but my theory is the lost perception of security and sheer price. Since NFT's are on the blockchain, they're touted as a hyper-secure investment that only you have and that can't be easily taken. There is no middle management - whomever owns the link to the NFT owns that token. Also the big name NFT's are ridiculous in price - right now I think the lowest Bored Ape is over $400k USD. So when big names have had theirs easily scammed from them, it proved that A. The blockchain doesn't prevent normal everyday scam methods. B. If you lose an NFT through scam or other methods, that's pretty much it. There's no real protection in place, and you've just basically lost the proof you had it in general. C. Losing one single NFT can cost you a shitton of money even compared to a credit card hacking.
So many people and companies just latched onto the trend without understanding it. Like it's the next big thing since wifi hotspots. So much of nft popularity was sheer ignorance and fraud. Usually those two things are very resilient in consumerism, so it's nice to see a bad idea dying under its own weight for once.
Now you've done it, they're gonna include you in Episode 3 and call you Shitikal
Lol I would love to see a cameo of Cr1t1kal in a full animated show of some kind. Like a good show. Not this trash of a scam. XD
Saberfart is in the comments
They totally will, they're childish like that
Saberspark on a Cr1tikal video. This is the crossover I never knew I needed, but now so desperately desire.
I have no idea what to say.
The fact that NFT’s were even a thing in the first place never fails to astonish me.
Ratio + yb better + nobody cares + this you 🤓🤓👨🏼💻👨🏼💻👶🏽
It was created as a joke funnily enough
@@forgivezharion1261 Did you get a stroke or something?
And people actually spent money supporting them
@@OtakuFear why did you like ur own comment
My college tried to make NFTs of our mascot. Just like a Marvel movie, all majors assembled in the comments section like the fucking Avengers. The shitstorm that ensued in the comment section just seconds after it was posted is something that cannot be described with words. At no other moment in history was my college more united, as dozens of students tore into the poster, calling out the absolute stupidity of this idea and all its consequences. Student Relations had to step in and ask whoever ran the Instagram account to take the post down. Within the first half hour, an apology was posted on my college Instagram’s story and every trace of it was erased from existence. Thank god.
Screenshot it and print pictures and tape them around the building
Why would they even care. Doesn't affect them in any way...
@@sevenhazee be real. It’s effecting them the same way if the college made their mascot peppa pig. It’s stupid and immature.
@@Duckbusinessman who cares, people today are drama queens. The college was probobly trying to be "trendy" for the students and they got shit on for it. At least they tried...
@@sevenhazee There are no tries in life.
I love how silent the bros have been.
Imagine being a dick for like 3 years to everyone who called it a scam or worthless, then watching your investment burn before your eyes.
Sad part is some of these people won't learn a thing from it.
There silent cuz 1/2 of them killed themselves
@@sethisevilone02 dam bro why you gotta say it like that lmao :|
@@FoolishPluto It's just facts. No point prettying them up. I know I wish I had invested in rope and stool futures a couple years ago.
I've got an excellent investment opportunity for them if they're cut up about nfts! There's this big obelisk in the middle of Washington DC and I could sell it to them, right now for the low low price of $400,000 or a big clock in the middle of London for a value price of £1,000,000! No they wouldn't be able to take them home, but I could give them a bit of paper that says they own it that they could show everyone!
To those who say this is clearly a scam, I say they're haters and just can't see a quality investment even when it hits them in the face.
You forgot the quotes around investment.
As someone who screenshots NFTs, I have never felt so optimistic of this happening. Whenever I would feel down, at least I can recall that I never purchased an NFT.
Ratio + yb better + nobody cares + this you 🤓🤓👨🏼💻👨🏼💻👶🏽
@@forgivezharion1261 damn dude he’s smoking you I would retract that ratio rn cuz it’s boutta be murder
Edit: OH MY GOD IT IS A MURDER GET OUT WHILE YOU CAN SAVE YOURSELF THE EMBARRASSMENT
Damn you missing out nfts have given me financial freedom yeah it's just a picture but if yk what you're doing u can make some money
Your entire life?
Agreed, although most nfts ain’t worth screenshotting
I love how Red Ape Family's attempt to get back at those "t r o l l s" was by giving them as much attention as possible.
impressive how shit goes wild right at the first reply to this comment
@@donnycorn3086 The UA-cam comment section as a whole is starting to feel like reddit comments. Cursed.
that sure is one of the replies of all time
@@BoshMind 100% agreed- and I haven’t even used Reddit before.
@@RetroCollector reddit user for 5 years now, it's either cursed or nothing, really.
the weirdest thing about NFTs is that if someone "steals" them through a scam...
it's THEIRS. the whole crypto side of internet has collectively agreed that if someone steals an NFT it's now legally their property despite who actually spent money on it.
whereas if you steal something in real life you will go to prison because that's how property actually works
If someone gets scammed by a nigerian prince that money is lost and good luck tracing down Mr Okoye Abubakar in Nigeria to prosecute him. This is the same situation. If you get scammed out of an NFT 99% of the time you just being extremely gullible. New technology brings new types of scams and people have to learn how to navigate the space.
Decentralization
The irony of championing a deregulated economy is the lack of enforcement of its viability.
@@commandercaptain4664 I was just telling you what it is called, not “championing” anything ?
Reminder that they wanted to put legal credentials and medical records on the blockchain
I love it when content creators confuse "trolls" with "actual criticism" lmao
Comics do the same thing. Say you dislike the character or the story and your apparently an awful person. No matter how bad the story or art is.
@@zionleach3001 its not confusion, it is putting up a mental wall to cope with negative attention
Another version of this is insinuating the “”opponent”” is being disingenuine.
“You just are doing this so people like you! You’re just white knighting to get women! You’re just wearing this product to look rich! You just decorate your clothes or car to get attention!””
@@melody3741 Indeed. Toxic creators think they're Shakespeare and lack humility. Any successful creator will say to listen to constructive criticism. But I don't think they've ever been told no.
Whenever I hear words like "troll" or "no life" or "mom's basement", that's how I automatically know whoever is saying them has absolutely ZERO actual arguments or comebacks.
Nfts really showed a lot of artists’ true colors, cause so many of the ones who adamantly defended them acted like jerks to their mutuals and fans who were against it. So many reputations and bridges burned over what was centered around ugly monkey drawings
Wait hold up-
@Manhog Sonic indeed it does
@Manhog Sonic club penguin? 💀💀💀 Man what kind of.... Bruh.
@Manhog Sonic This man likes watching cartoon penguins fuck💀💀💀
the ones who adamantly hated them are literally no better lmao just a bunch of whiny babies fighting each other
this is truly one of the greatest moments in human history
Ratio + yb better + nobody cares + this you 🤓🤓👨🏼💻👨🏼💻👶🏽
@@forgivezharion1261 someone's mad 😂😂
The only good moment in 2022
@Savetion (PROUD MAP) 🅥 💀💀💀💀
The based department will be impressed by your work.
I avoided even learning about what NFTs are. I assumed it was just another way for rich people to hide wealth to avoid taxes, just like physical art is. I have grown up living by the rule "the internet is the worst place on earth, populated by the worst people on earth." Hasn't failed me yet.
Good rule, OP.
Remember, folks: the internet is the greatest source of both information and misinformation. Guess which one sticks out more.
@@HumanTooth the uhh misinformation one ?
@@HumanTooth well to be fair, the reason misinformation sticks out more is because there can only be 1 truth, but infinite lies.
I’ve met terrible people who are poor. Stop blaming the rich for monopolizing evil.
@@sigmaK9 please, show me where in my post I said anything about anyone being evil. I'll wait.
I feel a little bad that I am experiencing schadenfreude from people that fell for NFT's and crypto currency. The writing was on the wall from he beginning. The smartest ones (or people with epic timing) are the ones that got out of it at it's height
With NFTs I would agree as they don't serve any purpose but I doubt crypto is dead now. 2018-2020 everyone also said it was a bubble/dead. Bitcoin has seen several near 90% crashes and people have called it dead every single time.
@@dayko. Well, it should be dead. It was much too volatile. To minimize it from crashing hard it needs to remain low or slowly inch up instead of rocketing up. Maybe that will happen now.
Can’t believe Seth Green has paid almost half a million in total for that one stupid NFT. Imagine going to court over something like this, waving your fist in the air screaming “somebody stole my apes!”
He threatened to go after the guy with his "18 years of studying law" then paid $300k instead.
Imagine how well it went for him when everyone in his production crew laughed at him because he didn't know there's no laws for these things lmao.
@@lw8882 I can fully believe he spent 18 years in law school. I also know that it takes far fewer than 18 years to get a law degree. Must've had to repeat a lot of courses.
I would be pretty mad if someone took my monkes too- ohhh you mean nfts
never underestimate the stupidity of mankind
@@bobaa4268 🤨
NFTs basically just proved how genuinely stupid people are.
"Here's some objectively bad art. Because we say it should be worth something because we called it an NFT, pay us thousands for it."
And people were complete idiots and decided to buy the amateur, trash art for thousands.
At least with actual scams, they prey upon insecurities, fear, ignorance.
But when it comes to NFTs.... you really don't have an excuse to fall for them.
They're like fake trading cards. But you don't actually get anything physical.
And the most popular ones being these really ugly badly drawn "apes" just puts the icing on the cake.
I mean, come on people, couldn't you at least be trading cute cat pictures or something instead?
I agree, look I love some ig modern art pages, I saw potencial on them. Fuck i would even buy one of them. But fucking apes... With an slightly change, and these crypto punks... Wtf????? I had never seen something so stupid in my entire life
Ratio + yb better + nobody cares + this you 🤓🤓👨🏼💻👨🏼💻👶🏽
NFTs are cringe af, but I have seen some really good digital art made by digital artists with ACTUAL talent
FOMO broh
@@BaitPolice W Bait Police
Does anyone remember reading about the Tulip bubble in the middle ages?
At least with tulips you could smell them, you could eat them(not very tasty though) and you could burn them for fuel. As stupid as the tulip craze was, it was still less stupid than the NFT craze.
Bro I bring up the tulip bubble pretty often but not many people I know payed attention in sophomore history class I guess. Glad to know someone gets the reference tho thank you
The Dutch Tulip Crash has been pretty thoroughly debunked as far as a "widespread thing that people lost a ton of money on and had massive economic repercussions." One of the most prominent researchers into tulip mania found fewer than half a dozen tulip buyers who ended up in financial hardship, and some of those cases didn't even appear to be tulip-related.
The tulip craze was in the 1630s, not the middle ages.
At least tulips are pretty and pleasing to look at
You can put tulips in actual gardens, to decorate your house, give to your partner and etc, NFT is basicaly bad from concept
I have a classmate who was getting *heavily* into NFT's and crypto. Last I saw him was before the summer, when crypto was still doing well.
I actually almost bought in based on him, because he really was making buckets (in the sense that his crypto was worth more than what he paid for it. He wasn't making *real* money). Ended up not because it seemed like a scam.
Anyway, I hope he's doing alright in the fall, because he strikes me as the kind of dude who genuinely put everything into this bullshit.
I knew a few people that were dumping all kinds of money into crypto and they keep saying its coming back but i never fell for it id rather do gold or something it just sounded so fake to me
@@conflict7269and here we are today with bitcoin at an ATH lmao
Those few are loaded and laughing rn
I bet you wish you bought some now lmao. Your classmate is probably rich rn
Now he’s hoping you’re doing alright
As someone who creates art but never even tried to create an NFT I’m really really relieved that it’s finally over
It's not over, it's just starting. Artists should be embracing this. Imagine, in the past people would sell their art and get a one time payment, and usually have someone else taking a cut of the profits. If you're good at creating art then you should create some NFTs, you could even set it up so that every time the NFT is sold on the marketplace you recieve a cut of the resale, or give that money straight to charity, or to your family after you're gone.
Also NFTs are more than art, we can use that technology to replace many current ways of doing things, land/vehicle deeds would be a good example, so we don't have this issue where people lose their home because someone messed up an excel spreadsheet.
It's not actually over. It's just a clickbait video title. NFTs are far from dead. Only the hype around it is somewhat dead or maybe not if people keep posting videos like this. Negative publicity is still publicity. People oblivious to this NFT stuff will keep getting scammed which is funny AF. I don't really see the problem of people getting paid loads of money for bad art. I mean a banana taped to a wall is just as bad. Artists have it bad in this world anyway. We get shit for payment so I don't mind scamming some wealthy-ass scum for their money. Even the UFC is promoting its own NFTs now.
@@icedcoffee8561 it's like the same desperate pyramid scheme sales pitch script with y'all i swear
@@d11asian does what I describe sound like a pyramid scheme? The artist getting profits from their creation is somehow wrong? I'm so confused
It’s not
I remember a story being shared around about a guy that invested $300,000 in crypto/NFTs and got wiped out. Had to explain to his wife that he lost his savings due to investing nearly half a million dollars in Microsoft-Paint-quality JPEGs.
...I feel a divorce may have been discussed lol
This is hilarious. I hope she divorced him.
omfg 😬😬😬
SO basically Beanie Babies.
@@savageratentertainment and then he told her this story about losing all his money.
What NFT's were created for: digital artists to finally be able to sell their works.
What we got: Stupid auto generated ape pictures.
Correction, they existed so that people who bought digital art could profit off a digital artist's work and popularity somewhere down the line.
Commissioning an artist to make you artwork already existed, it wasn't a problem that needed solved. NFTs never did anything for artists themselves, they only really mattered for people who bought art.
And all NFTs really did was exist to try and further legitimatize cryptocurrency by giving you something to buy that wasn't illegal because surprise, nowhere legitimate wants to deal with a poorly functioning payment system with incredibly variable currency value.
Money laundering you mean.
If that was NFTs, that would be actually good
@@Straviradius so someone who didn’t make art should get more money than the original artist. Still sounds kinda scammy to me.
@@Bully_Biscuit CORRECT!!
Good god I love how Saberfart probably has the most appealing design in the entire cast despite them trying to make him look WORSE than the horseshit designs they make
I love that saber himself welcomed it as another AU character of his lmaoo
@@pokaay3163 hahaha yeah
I love how saberspark clapped back at the show by embracing their salt and adopting “saberfart” as an unofficial mascot
they couldnt think of a worse insult to them than having them cameo in the show
The best part is that Saberspark got to be in their show for free.
@@cmdrjanjalani _Exposurrre_
new saberspark nft
I had a dream a while back that there was an NFT show, and it was genuinely well written and made. Like it was actually funny and every UA-camr gave it credit. Needless to say I woke up in cold sweats.
“What’s your most unrealistic dream you ever had”
I was thinking of painted nfts, where you get an nft on a canvas and it's hand painted and only one exists. but then I remembered that those already exist and they're called paintings.
@@pimkinn LOL, right
Sure you did.. sure..
man this just adds to how dreams are always nonsensical
Their reaction to Saber touching that raw nerve is the only good thing to come out of bored ape NFTs. It was like poetry.
NFTs are almost like trying to own a thought.
Even in those small tidbits you showed, that was incredibly hard to watch. So I guess it's actually perfect for representing NFTs
True, every time the cartoon continued, i had to fight the urge to skip to when the picture of it stops moving in the preview
Ratio + yb better + I don’t care + this you 🤓🤓👨🏼💻👶🏽👨🏼💻
Wait till seth green releases his masterpiece
@Kaveation reported for misinformation
@@just1megabyte566 its a bot
As a digital artist myself I hate NFTs, because most artists even if they did try to make NFTs, got scammed themselves, or heavily under paid, and the NFTs that ahd actual good art never got anywhere, it was all about the rich getting richer, the artists never really made money. Just look at Garry Vee V friends, absoloutely shite art, stuff that could literally be drawn by 2 year olds and they sold for loads, it was never about the art and good art never got anywhere in the NFT space.
that's because you're not buying an image when you buy an NFT... it's literally just a certificate/receipt of a stock representational of nothing, of course no one is getting support lol.
it's just a reverse robinhood scheme. It's like complaining that your As Seen on TV crap is just that, crap..
I know some really talented artists who dabbled in making their pieces NFTs, and I'm guessing it didn't go well because it wasn't long before they stopped lol
well the whole nfts are digital art narrative didn't last long, they quickly pivoted to them being access passes to communities. That really didn't work either as people quickly gathered they'd pay tens of thousands to join communities of KHVs
@@Potateornottotate No I'm not describing art lol. The "art" market is a scam yes. But when you buy it, you actually own the art.
An NFT doesn't provide you with intellectual property ownership, neither does it protect from copyright, because you're not buying the art, you're buying a raffle ticket for a data-chain that is only worth whatever people or its owners say its worth. People can change the nft to whatever image or sound they like lol, the so-called "art" is a placeholder for a stupid invoice. People were buying invoices, hoping to sell them off to other more stupid people.
@CowoO I think those people are just in denial. They don't want to face the truth that they wasted money and that no one wants to buy off their NFTs.
I still love the idea of nfts as a gimmick. It sounds absolutely hilarious like “yeah I own that jpeg”
It's in the blockchain
@@cdvideodump hey buddy, you wanna buy some magic snake oil?
You own a url to a jpeg
One of the guys I work with is a cryptobro/FOMO, he was trying to push NFTs earlier in the year, he got super mad when I said "sounds like a way to get scammed out of actual money." he lost 90% of his families savings when he got caught in a rug pull.
3:29 My favorite thing was, in that episode, they animated people who critiqued them. Saberspark was one of them.
Absolutely laughed my butt off. They got in the series without having to buy an overpriced jpeg.
I still can't believe they called him "Saber Fart", like it's SO bad I find it hilarious
SaberSpank was *right there* and they just went right past it. At least that one is a double entendre. Then again leaps beyond logical thought is kind of the M.O. of NFTbros.
And what's even funnier is that saberspark loved it and even claimed it to be canon so they failed even at what there trying to go for: the reaction.
Came here to see if someone mentioned saber haha. That was great
Didn't they name his character SaberFart in a sad attempt to make fun of him
Honestly with how most nfts are automatically generated, I’m amazed anyone considered it art. Most nfts pieces are not even looked at by the creators you cannot call that art. If anything an argument can be made to call the program that generates them art maybe. But still the fact that so many people are willing to call auto-generated soulless drawings art is kinda sad
Only when they're trying to sell it will they call it art.
It's like taking a picture of one of those toys for kids where you can rotate the head, body and legs, then taking a picture of it, uploading it opensea and asking 5 eth for it.
to be fair when you see the kind of shit that goes up in art galleries art isnt a high bar is it
@@shoeofobama6091 I'm gonna see a Cezanne exhibit today...so no...idk what you mean...
NFT isn't art... its a non fungible token that could potentially store art. The lack of general knowledge surrounding these topics is astounding
NFTs don't come with any kind of intellectual property protection, unless that is explicitly added with a legal contract that could also have been made without the NFT being attached. So Seth could have made the cartoon without any problem. Except he would have to admit that owning the actual NFT was pointless. Which would expose the entire scam.
If more NFT scams will bring about the end of NFTs and crypto, I'm all for it.
What should I invest. stock market?
@@RPN_Mphysical stuff. Land, silver, gold.
If you really want to support artists, the commission them. As long as the idea isn’t offensive and the pay is good enough they’ll be happy to draw it out for you and be able to support their future endeavors.
It’s a true Win-Win
If it pays really good the idea can also be offensive
Nfts aren’t about the artists though, nobody gives a shit about them. It’s the money making “from nothing” aspect
I keep hearing this, but people tend to forget commissioning leads to horrific shit like "The Wonderbread Guy".
Me, I can't forget even if I want to.
@@awkwardcultism those are few and far between
@@Anonymous-73 when I think of commissioned art I think of logos, boxart, movie posters, portraits & the like.
A lot of the ancient art we have today was commissioned, too... one does not simply walk into the Sistine Chapel & start doodling on the walls lol
I remember when NFTs were first getting popular and everyone in my business class including my teacher thought they were going to be some big innovation that's going to change the marketplace and how we buy things and such, I basically said "It'll die off in less than a year" I was laughed at and called stupid, so the death of NFTs is a little therapeutic, but I'm still bothered by the fact people ever took NFTs seriously
Jesus those people are horrible, and they are supposed to be adults.
I mean they say "if you can't do, teach"
I said the same to my cousin who was super into them the second they popped up, who I quote said, "You clearly don't understand anything about it, stay broke." our family is really struggling financially, and he had made a shit load of money, refused to share a cent of with any of our family and has now lost more than he had ever made. And is now asking us for money.
lol people called NFTs dead for months and its still not
My favourite thing is the people who said that they're a great investment because the block chain is free from things like inflation. Now everyone is selling because they need money due to inflation and crypto is tanking. Crypto is basically just a foreign currency that's more volatile than the Zim dollar.
13:04 “you have no idea what’s happening do you?”
“Not the slightest fucking clue”
Everyone who was watching the show thought the same thing
I was in time square in NYC and I saw an ad for NFT's on one of the giant billboard things on a building, it was the weirdest thing I have ever seen in my life and I do not get how people could buy those monstrosities. They were actually terrifying and cringy to look at.
The best part of the crypto crash for me at least is I can finally afford to build a computer again. and watching the miners crying their eyes out trying to recoup part of the money they dumped into overinflated video card prices is the sweetest cup of tears i've ever tasted.
Time to set an ebay alert for "3x 3090"
@@0v_x0 any card owned by a miner is gonna be overpriced (like everything else in the crypto-sphere) and so used that they should have to pay you to get rid of it. those cards run 24 hours a day, every day, at full capacity. that's the GPU equivalent of driving a car up a steep, never ending slope without ever letting up on the accelerator. it won't last long, if you're able to even turn it on at all lol
Scalpers and legit businesses in my country are starting to get bankrupt as well. They deserve it for selling mid range gpu for $600 and $350 for the lower end.
… bro what are you even talking about
@@cadester123 Actually you can buy gpus used for mining with no problem most of the time, real miners usually underclock their GPUs and keep them at low temperatures (60-70c in a 90c capable GPU for example) since having them working at max or near max capacity is counterproductive and overly consuming, if you buy a gpu that was used optimally while mining 24/7 during 6-12 months you'll probably experience a performance drop from just around 0.5-2% at most in comparison to a brand new one, this of course after adding new pads, new paste and checking everything is nice and clean.
Despite this: You should always ask the vendor questions regarding the conditions it was used in such as the space, the temperature it was used at and during what periods of time.
If it's possible, run a screen test and a benchmark yourself before buying it, if the GPU convinces you, go ahead and buy it, there's not much to fear about most of the time!
Personally, I find NFTs stupid. It is not a commission from an artist, or even the rights to a piece of work. You might have the rights to a specific line of code that corresponds with your image, but it still isn't your own. If you wanted actual tangible art, you would buy from a museum or create your own. But what happens to those who cannot afford a tour of an art museum. Should the people who wanted to look at the smithosian be turned away because they didn't buy an NFT of their fossilized personality? Art is as intriscially human as cooking for those we love, to see art used as only a method of currency is saddening.
i think its just the hope, that they will increase in price. There is no use, or anything... there are some with extra use, where you get acces to certain events or so, but most of them are just links ti jpg's.
some artists were even "selling" physical pieces as NFTs and not sending out the physical piece, the purchaser gets an image of a physical art piece and owns a line of code but never gets to actually own the art work they paid 20k for
Its about money, there’s no such thing as true art or barely any artist who hold a true passion for drawing or painting anymore.
@@WGasmss i partially agree but don't forget that some artists from the past were in fact making art in order to sell it, so the idea of making to sell isn't new, there's just good and bad ways to go about it. for example there's a community of artists that love animals, so they sell pet portraits, i don't think its bad that they put a price on that art but at least most of the time they care about what they are making. There's still an essence of passion that goes into it. I wouldn't say money adds or subtracts passionate value it just kind of depends how they go about it. nft's are a good example of profit with low passion while i'd say a museum selling art holds some importance since they house old and new art. And most artists can't do what they do without money.
TLDR there are hundreds of passionate artists you just have to look in the right places
your thinking way too much into something that had little to no thought put into it
You can kinda tell how much a company cares about their product(s) based on how they engage with criticism and trolls. They more they engage trolls the more likely they just want to make a quick buck or don't really care and just doing damage control to make as much profit as possible before it explodes in there face
It’s summer, 2022, and hardly anyone brings up NFTs in the mainstream anymore. It’s interesting to see with one’s own eyes a fad being introduced to the public, getting hyped, facing criticism, then ultimately collapsing.
Like, it was less than a year ago when my FB feed and UA-cam recommendations were just full of people pushing NFTs. Now it’s barely mentioned.
god remember the figit spinners
and that one year where everybody was doing some clown parkour or some shit
I got ads about apps selling crypto. Strangely it stopped.
This show is absolutely dreadful even without the fact that it’s whole point is to sell the idea of an NFT to people.
Yeah. I'm not the leading authority on writing, but as an artist I can proudly say that that is some of the worst animation I've ever seen in my entire life
I agree. And I actually like NFTs. But this show is...not good. More than cringey imo.
I'm just here to laugh at the ignorance from the vid and the comment section
Just seeing the thumbnail to this video pisses me off so bad
The show just looks fucking OBNOXIOUS!
@@RedtailArt
I’m pretty sure seven deadly sins has better animation than that
Let’s say, hypothetically, we wanted Seth to finish his show I think he could still do it with the same NFTs cause as legal eagle pointed out there’s no proper grounds for copyright enforcement and you don’t even own the picture itself. Another reason why owning an NFT is pointless.
I’ve been passively avoiding topics like these. But seeing that episode 2, just made me want to watch more of it. Not because I like it, I absolutely agree that it’s bad period. But just like how you cant stop seeing something disturbing, morbid curiosity is making me wanna see how it ends… I have no clue what I’m getting myself into but here we go
NFTs just highlight how many people are insecure about themselves and choose to front using money
Ratio + yb better + nobody asked + this u 🤓🤓👨🏼💻👨🏼💻👶🏽
I think it was used mostly for money laundering among rich people but yes people with no aspect of reality buying this stupid shit are a problem as well.
I agree that people buying NFTs are brainless but how does that make them insecure?
i believe the ppl shitting on NFTs to make themselves feel better are far more insecure and you seem to be projecting
@@F1lthymf They really thought buying jpegs was gonna financially secure them. Plus have you seen how defensive they get when you try tell ´em they're wrong? They know they are and telling ´em makes them even more insecure
my dad literally said "your so good at art, you should start making nfts" 💀
welp, time to put him down.
Yeah, you should leave that family 💀
Ratio + yb better + nobody asked + this u 🤓🤓👨🏼💻👨🏼💻👶🏽
My uncle said that to me months ago. It felt like a disrespect to me.
Your dad is wrong lol you are not even good at art as well lmao
8 months later, Square enix is repurposing a bunch of concept art and micheal soft clip art for a new NFT project that everyone already hates.
Glad to see that as a society the people up on the tippy top still learn absolutely nothing.
this makes me feel good about either changing the subject or dissociating entirely whenever some business bro tried 2 tell me abt nfts :)
NFT’s serve as an example that holds true to the fact that you can slap a price tag on anything, and there will always be someone stupid enough to buy it. The literal motivation for conning.
So branded items in a nutshell?
@@vintce6019 yes
Lack of understanding and knowledge of this technology will continue to exist due to people like you unfortunately
@@vintce6019 at least some branded items sell a service or product, NFT's are actually worthless in reality.
@@QuantumFishFTW fifa 903 (they changed the number)
3:56 this is the most editing I've seen in a critikal reaction video
An amazing moment in history...
yeah he got pretty insecure
4:17 "Not even a minute in and they're whining. Just instantly fucking whining"
Sounds like your average episode of AEW.
NFT's were like paying a comission but you don't even know what you're getting, or the price.
No. 1 evidence why NFTs aren’t worth anything: rich people going out of their way to tell you they are.
That's a solid litmus test right thar
They actually gave them to rich people for free to try and drum up the value
There used to be an app that costed 1000 bucks on ios that only had one button and only did one thing. It showed a message on screen confirming the owner was rich. Even that had more vale than nfts
Nfts were invented in 2014 with the purpose of document validation. In 2020 me and a couple coinvestors bought a company using nfts to validate documents on their chain. You basically upload a file and they store it on a server. If you want to make sure the file is correct you could upload another file and compare it to the first upload (pixel by pixel). Every validation (every nft) was priced at 1-2$. Very solid buisness concept if you ask me. Couple big insurance companies and realestate agents are using that system. Can’t understand what happened to that ape stuff. For me NFTs are utilitys and I think they never meant to be something else.
*McDonald's employee telling you they're rich
Ben Kenobi:
I sense, a great relief in the force, as if millions of voices suddenly cried out in celebration, as NFTs were silenced.
Ratio + yb better + I don’t care + this you 🤓🤓👨🏼💻👨🏼💻👶🏽
It seems like we didn’t underestimate the power of the NFT fans
@Savetion (PROUD MAP) 🅥 ima report you
@Savetion (PROUD MAP) 🅥 ohhh nahhh ☠️
@@Justap1g oh ew
It blows my mind every single time to be reminded that apparently Crazy Frog is still an active franchise in some capacity. Seriously, the last time I can remember them actually DOING anything is the goofy "teedeediddy ding ding" song from like 15 years ago
I'm hoping with some time, the NFT bots will stop bothering me in my messages.
Nothing more disappointing than thinking you got someone in your DMs interested about commissioning you, only for it to be a fucking NFT bot. It really fucking sucks :/
I mean, you can block them. Or laugh at their expense. Or threaten to use the make screenshot button and save, then delete because those monkeys are ugly as sin. I mean, imagine paying money for a link to a very ugly, artless picture that anyone can take from you and you can do nothing about that, right?
@@toblerone1729
Even if I block them, every new message is a new account.
On DeviantArt there is 0 way to disable messages (for some reason) and the only option is to turn off the notifications. Its super sad.
i wish that we could revert to the 90s-00s internet, where there was no NFTs and it was all poor web design and spinning rainbow text everywhere on sites
i hate this web3, web4, web5, whatever shit that starts with web, lets just revert back when "internet explorer is evil" was funny
amen
Well you have you ever heard about domain bubble crash in early 00?
I miss those days. Remember when we were kids and had no clue about Neopets run by Scientology?
Lol if they happened you would be begging to come back.
Yeah, NFTs were so popular that my dad who can't even change the settings on his phone heard about it from his church friend in a zoom meeting, and we live in a third world country scarce with technology.
canada?
Brasil certeza
@Personal nah fuck no technology isnt scarce here
@@rootfish2671 a little place called taured
@Personal Africa's a continent not a country.
This comment section basically became a karma story for everyone called stupid at the NFT craze for denying it, and i'm loving it
me at my wedding 🙎♂
me at the downfall of nfts 🤵
I've never seen Charlie, a man to rival professional poker players, display such a level of cringe and suffering through his facial expressions
if charlie ever emotes at a thing you know its BAD
@@inhale2851 Or REALLY good
Every sane person knew that this moment will come anyway , but damn i didnt expect it to be that quick frankly
@EDP445 IS INNOCENT [PROOF ON CHANNEL] read my nuts
This needed to happen for tangible assets like snap bracelets and pogs to make their timely resurgence.
It wasn't that quick...
Yeah, I feel like no one is surprised that this is happening, but we're all definitely happy it's over.
Fun fact: episode 3 has comments turned off completely
Lmao
"How much is this in... money?" Really sums it all up.
I was at the Apple store a few months ago trading in my wife’s old iPhone 8 for a new one and heard a dude maybe a few years younger than me (I’d guess he was 22 - 25) going on and on to a worker at the store about the NFTs on his phone. It blew my mind that, while he was trying to explain the concept to this employee (who could not care less) that the main point is to buy and flip later for a profit, that his NFTs had never gone up in value.
This guy said he spent thousands on a few and they weren’t worth anything. It was incredibly sad because he sounded so earnest when he was talking about how cool he thought NFTs were, but he will be just one of many poor saps taken in by the naked scam.
It's just the Pet Rock all over again
@@MrEvtmazda well atleast the rock was actually cute
@@MrEvtmazda pet rock was funny, nft's left people desolated
And this is why one should diversify ones assets
funny you should talk about scams when you're in an apple store holding an apple product you spent money on.
If you don’t ask for a TOS when you buy an NFT you could literally be buying nothing. A lot of the NFT scams were due to scammers counting on people not asking too many questions. That goes for pretty much any scam. Always make sure you fully understand what you’re buying to the best of your ability.
tos?
@@hellodarknesss.myoldfriend Terms of Service
@@kidmosey four letters
@@kidmosey The NFT scam doesn't sell you the receipt you thought you were buying. So basically nothing since you were already buying nothing. 😂😂😂
*you're
What do you mean NFTs are dead? What am i gonna do with all those NFTs that i screenshoted
NFT’s were like a poor man showing off a certificate saying he was rich.
I'm guessing this was for "investors" and not the audience. The video game industry often has the same problem, for a long time industry execs were saying "multiplayer games are the future!" and essentially "you don't know what you want". They did this to sell microtransactions (often ones that affected gameplay) and later on acted surprised whenever a single player game sold well. Now the big trend is the "Ubisandbox" and devs are getting angry over sandbox games that differ from the Ubisoft template getting better sales. I'm guessing because it shows there's no one fucking formula to instant success, and if there is it's not the one laden with microtransaction "booster packs".
Haha I remember when microtransactions were an innocent thing of the past, and now it grew into a monster that should be illegalized as underaged gambling. Some say spending $1k on a genshin impact character is cheap. Amazing lol
@@peachparee7647 thats why we as humans should bash monsters such as these out when they are innocent and tiny before it grows to be a full pledged titan.
You can't even imagine how many times I wanted single player games to have co-op, or appalling at games with spinoff co-op modes without bothering to make co-op a campaign option. It is an utter shame that the vast majority settle with the safe and cheap single player approach.
@@LC-cp5lz single player games are not cheap. it is that way *all the way* across the board for SP games, you moron
@@LC-cp5lz And I don't care.
“The name’s Fat Fucking Ape” truly one of the lines from the show of all time.
It was definitely in the show too
The concept of NFTs had the potential to serve a purpose. I worked on a college project which involved using NFTs to validate the authenticity of digitised medical records in a courtroom setting, sort of like a second check to compliment metadata. The application of NFTs baffles me, and I can't see for the life of me how they became what they did or why people bought into them.
So even in their best use case NFTs can be replaced by human fingerprints? As in, a unique identifying signature that everyone (I guess with the exception of bilateral amputees) has from birth, carries with them at all times, uses far fewer resources, has been in use for centuries, has already been highly computerized and automated, and is already implemented across fields ranging from banking to cybersecurity?
If your hit new technology can be beat in that many factors by basic human biology I think it's safe to say it's a nonstarter.
@@tjenadonn6158 Lmao even then that already exists in the form of social security numbers, which you get for free.
@@BitrateBilly Yeah, but fingerprints have the added bonus of being decentralized, which is one of those buzzwords cryptobros love throwing around like confetti.
12:09 CHARLIE YOUR MOUSE..
CHARRRLIIEEE
One interesting thing to take from this is that they had NO script planned out, since episode two is purely reactionary.
How the hell did they make an episode without a script?
@@seacrystal6189 What Quinn likely meant was that they didn't plan the script out from the beginning, but rather episode 2's script was almost certainly only written and planned out after episode 1 was completed.
Long story short, there is no long-term thought being put into the writing whatsoever.
I’m a digital artist, and I’ve declined soooo many offers to draw nfts for people. I’m glad I said no and stuck to my guns 🎨
Good Ending achieved
nobody cares that you lost money because you refused to accept the future of technology
@@feIon I cared, I saved money, and stress. I’m a guy that lives honestly, so saying no can sometimes be beneficial in the long run.
@@user-jh8ow5ns5o The world needs more people that won't draw what they don't want to? Inspiring.
@@Gandhi_Physique i know right, like, its the bare minimum
This hurts me to watch more than anything. It isn’t so bad you wanna keep watching it makes me feel a physical pain
I think the pandemic also contributed to the 2021 growth. Imagine NFTs making fun of other crypto assets
I almost bought an NFT until I realized the fuckin gas fee (a fee you have to pay to convert one cryptocurrency into another) was $36 on a good day, which was very rare, but usually hovered around $60 - $90. I was trying to buy a $20 dollar NFT that I thought would really take off due to its unique design (it was a mo-cap capture of someone breakdancing animated to look like strange and colorful abstract characters with music in the background) but I would have ended up paying more than double the price of the NFT just for the conversion fee. Those gas fees may have saved me.
Glad you can see how it saved you. So many would have just convinced themselves the next one would be a hit, or they need to spend more to justify the gas fees.
you could just purchase the rights to some installation multimedia art instead my man
111 👍
Did you download it?
I'd joke that Hot Wheels have more intrinsic value than NFTs... but Hot Wheels do have more intrinsic value than NFTs ever will. For one thing, you can actually touch them, examine them, admire the craftsmanship of some and actually enjoy them as a tangible item. You can't do that NFTs in the slightest. And yeah yeah, I know Hot Wheels/Mattel have gotten into NFTs themselves, but the ones I've seen are all based on models that exist in the real world and ones you can actually buy physically. It's not like they made some super-rare janky looking HW models that only exist in the blockchain... although I would not put it past Mattel.
well theres a reason people like to collect irl items, be it hot wheel cars, watches, stamps, coins or such. Not only does each part have an intrinsic value (especially that flat hotwheel with the roof window that could slide, pretty much first fidget toy), but you could actually touch them and use them. Hell, even sea glass and marbles have a real value in the large amounts people usually collect them
Hotwheels can also be restored! Many rare units have been brought back to life. If a server is ever taken down, you just CAN'T restore it!
Also hot wheels has a good time existing and that means that maybe your father or grandfather can have one of the first ones in good condition and that makes it valuable, and it has the fact that real people has to design them, make them, and sold them, with NFT's it's just an algorithm who make art (a shitty art) and you can just screenshot it to have your own copy
@@kirtil5177 i like to colect yugioh cards and by far it's better than nfts, i can play with them, sell them and touch them
also hotwheels cost like. 2 bucks
Issue is that this time around wall street is all in and tied to cryptos. That alone makes this downturn a lot different than the ones before it. Add to that the was and the recession. So all bets are off when it comes to the come-up. But I agree that NFTs are done and dusted at this point.
4:02 someones under the table
Crypto might be alive for a little while since enough people still believe in it, but I believe that NFTs are dead or will die soon. I always saw them as nothing but a big fad, and every fad becomes dead at some point (usually within two years).
you can tell how good crypto is doing when El Salvador's crypto bro president began to jail 30,000 people in a month while his nation is about to default on debt since switching the national currency to bitcoin
If you don't have TOS or some sort of agreement when buying an NFT, you are stupid, end of story. The only way i see NFT's being useful are when they are used correctly, as a RECEIPT TO PROVE OWNERSHIP! SOME NFT's give owners perks and bonus's, One NFT that i had invested in previously gave the holders free access to weed con which would otherwise cost $320 a head, made use of the benefit about 8 times before i sold it off for 2x profit. Any other use of NFT's (e.g. Just for show like 90% of the NFT's these days) is simply F*****G STUPID!
nfts werent just a fad in a comportamental sense it was a way for scummy people to make money that hinged on convincing society their scam was legit
I hope crypto dies so that gpu prices can go down, seriously fuck those guys
@@NegaRenGenX2gay2lift To think the downfall of El Salvadors is caused by Crypto is kinda naive. It has been a failed state for a long time and the president just decides to speculate with public funds, while being on the brink of bankruptcy. Like if that is done by a private individual and he goes under, that surly isnt caused by crypto.
It’s a time to celebrate, but you also can’t help but feel for the people who were scammed out of their life savings from being deceived to believe in this shit.
Dude I swear I'm getting the same youtube recommendations as you, the last three videos I've watched in a row (with no connection between them) have had comments from ur channel.
anyone stupid eneough to buy nft
dosent deserve to breed
Feel? Lmao no, I get to laugh at people who are financially richer than me get scammed out of their cash because of literal jpegs in the internet.
@@JoNarDLoLz Exactly! You reap what you sow, I have no remorse for them
stop spamming everywhere lncel chiId.
Looking at sales charts, it looks like NFTs started to collapse around Jan 21st, 2022, which coincidentally is when "line goes up" was published
This is the greatest unawareness of a self-aware, badly animated NFToon of All Time
I said this to a friend about crypto and NFT, that as soon as Covid rules relax they'll both tank because most people aren't stuck in their houses being scammed by crypto bros
Yeah, and people also might drop the low-key gambling habits and stop risking their finances once they remember what a functional life is, and why it's a bad idea to put it in peril for silly pictures.
wow you must be a goddamn genius, should've opened the big short and retired with your deep insights into the markets lol
No matter what they'll try this is our base
I still remember on every post bashing nft’s, there’d always be atleast one comment claiming that whoever wrote the post was wrong about nft’s, and that they were the future and how everyone should be like them and start buying more nft’s. And the more and more I read those comments, the more and more it seemed like they were only trying to convince themselves that spending thousands of dollars on a crappy digital sketch of some random monkey that only took .2 seconds to screenshot for free was somehow a good idea
All I think of when reading those comments is the copium emote.
3:56 this is the craziest edit there's ever been in a cr1tikal video
I love how episode 1 was like 3 minutes and episode two was like 14 minutes-
Red Ape Family: "I'm gonna make fun of you for being against NFTs"
People: "Meh."
i like how they have S1 as if they plan on going past 1 season of their "show"
Like it will get past episode 3
I still remember someone burning an original banksy painting to live on as a… ‘that’
7:43 this is completely unrelated, but this reminded me that I really want to see a cameo of the payday gang just show up randomly in a TV show.
“NFT’s are dying”. Never thought I’d live to see the day. We can all rest peacefully, friends.
Yes, Chad.
But they arnt ?
0:01 wait hol' up, my video?
internet anarchist moment 😳
Discord gang
win
Did you _really_ have to ping us?
I was pinged to do this
3:50
thats the yearly amount of Editing Charlie does, in one shot
6:30 is epic!🎉
I believe the death knell that truly killed NFTs was that time when Seth Green lost his bored ape NFT to a crypto phishing scam. This was in May of 2022 and was already on a downward spiral at that point, but that one event irreversibly cemented any hopes that it will ever recover to any kind of main-stream use.
that's this show, isn't it?
How does it matter? It was a funny moment but why would it affect NFTs vitality?
@@erixouther It isn't.
@@ollep0lle Because he was a big-time celebrity who wanted to make his own show based on it and lost any possibility to do so because he was scammed.
@@ollep0lle I know almost nothing about NFT's, but my theory is the lost perception of security and sheer price. Since NFT's are on the blockchain, they're touted as a hyper-secure investment that only you have and that can't be easily taken. There is no middle management - whomever owns the link to the NFT owns that token. Also the big name NFT's are ridiculous in price - right now I think the lowest Bored Ape is over $400k USD.
So when big names have had theirs easily scammed from them, it proved that A. The blockchain doesn't prevent normal everyday scam methods. B. If you lose an NFT through scam or other methods, that's pretty much it. There's no real protection in place, and you've just basically lost the proof you had it in general. C. Losing one single NFT can cost you a shitton of money even compared to a credit card hacking.
Even my local coffee shop made nfts, the whole thing became too ridiculous too fast
So many people and companies just latched onto the trend without understanding it. Like it's the next big thing since wifi hotspots. So much of nft popularity was sheer ignorance and fraud. Usually those two things are very resilient in consumerism, so it's nice to see a bad idea dying under its own weight for once.
@Manhog Sonic what the fuck are you talking about
What in the hell is Sonic talking about in this thread
@Manhog Sonic Legalising WHAT?
@Manhog Sonic I love cool parties too…
Crypto is a perfect environment for ripoff artists. Empty assets useful only for speculators. The only winning move is not to play.
I can respect a bit of the Seth Green trailer. The animation is... actually decently smooth.
The statement “who up crazying they frog rn?” Was enough to make me implode with second hand embarrassment