I dont know about you but I see a 70IQ barely literate kid with face tats and rainbow hair and think "THIS IS THE GUY I WANT TO INVEST MY LIFE SAVINGS IN"
@@thegadflygang5381 I still don't know what an NFT is, and I don't want to know, being 63 is a blessing of some kind. But buying from a guy who looks like a ghetto dumpster attacked by taggers, not really. Best wishes from Lisbon Portugal.
It's been 2 years since I learned of NFTs and I STILL have no clue what the point is or why anyone would purchase one. It's literally just tulip mania over and over. What actual, physical, functional value do any of these NFTs provide, and why on earth do people keep buying them?
First my favorite UA-camr Jake Tran go NFT and now celebrities follow the trend. Not to mention the inflation went high, food prices go up and my taxes go up too. This year is full disappointment.
I think Coffeezilla's real passion is going after fake gurus, but he's already done videos on most of them. NFTs are such a transparent scam they're easy to expose, but more new ones keep popping up every day. Doing a lot of NFT videos must feel like playing that old Whac-A-Mole game.
I commend the bravery of the parents of anyone who bought an NFT from Tekashi69. I don't how they do it. They have to look in the mirror everyday and know that they completely and utterly failed, yet still put one foot in front of the other and go on. Amazing people.
Basically translated to "I only got to keep a small % of scammed money 1st go around as a paid spokesman." Now I own the scam outright and will keep 100% of the proceeds, Suckers! :-)
Something feels deeply wrong about corporations releasing NFTs under Stan Lee's name, despite him being dead and likely objecting to NFTs given how he was in life. It's almost like they're puppeteering a corpse and making it say "give us money!" and it feels disrespectful to his memory.
I think they're just so ignorant about it that you can easily talk them into it and they'll just get all the blame .. but at the end of the day they don't give a damn.. the majority of their fun base will never drop them.. they're just like their personal cult..
I really hope these projects come back to bite these celebrities in the ass financially. I’ve seen a lot of stuff on the internet worried about this new funding to the IRS and how they’re going to target poor/middle class people. I don’t know if that’s totally the case but I really hope they begin investigating these celebrities/influencers. Whether it be NFTs or crypto or offshore gambling anyone with half a brain knows a lot money is going unreported (or hid elsewhere by sneaky accountants).
Celebrities can afford expensive lawyers while poor and middle class cant, its already been proven in the past that regular people and small businesses are targeted because its the easiest. If you look at the history you know they are lying....
@@Thor-Orion that correct. However logical reasoning leads one to believe most ppl making 200k+ have accountants who’s job is to make sure they’re not audited. I’d argue that the lack of IRS funding, that’s been pointed out before by those on the left and right, leads to this exact issue. The 80% doesn’t give a full picture
That is the nature of the economic system. It's no longer about wealth, value, or utility. It's about making the numbers go up because numbers going up has taken the place of any kind of meaning. You do work to make the numbers go up because that has become the meaning of life and the purpose of being.
@@Yora21 that's not an excuse at all. When you are rich you get to say no to shit like this. One tweet how shit nft are n it's over, no matter if management pushes or not.
OMG one of my friends tried to get me to cash out my very healthy Roth IRA to invest in NFTs... I flat out said no. He then proceeded to tell me it's the future and I'm missing out. It was still a big solid NO
This channel is a gift from the heavens. So few people hold these scammers to account and breakdown the actual facts of the swindle. Coffeezilla is a godsend.
I remember when scamming people was illegal and could get you in trouble but now pretty much everybody can do it and there's absolutely no consequences including to celebrities that are even in the United States Edit: I may have given some confusion on what I meant by "celebrities that are even in the United States" I meant that the celebrities that are doing these scams like Jake Paul, Floyd Mayweather etc live in the United States and if they lived in a different country it would be a lot harder to prosecute them if they're in a different country Hope that clears up any confusion
Even I could get rich with these scams. But I'd have to be rich to do it, first. I'm just wondering who these brain dead people are that are buying NFTs in the first place. Are they children maybe?
I know people who got rich off of making nfts, they didn't have much money before, they also aren't active on those nfts anymore so they rugged aswell.
I would never buy an NFT, but I'm side-eyeing a couple celebs just knowing that they scammed their fans. It makes me less likely to watch them in a movie or whatever else.
You said it well! These celebrities have no incentive to see it out that their project succeed. All they care about is building initial hype and receiving that first paycheck. After that, what motivation do they have to keep promoting the project? There is no accountability. There is no utility. All there is, is unsubstantiated hype that the NFTS will never be able to sustain..
This is absolutely true, but I think it's also missing a bigger point. What would care mean anyway? They are non fungible by definition. They don't do anything. The only thing you can do to keep the project valuable is...keep building more hype, forever. The moment you stop, they crash....because hype is literally all they are . If they had intrinsic value they wouldn't crash. If they at least had artistic value, maybe they wouldn't crash. But they're not art, they are "the proof of possession" of (in most cases, absolutely bad, replaceable, soulless, talentless, and thus economically worthless) art.
It's almost shameful that adults talk about NFTs as if they were ever anything but a scam. Folks saw the success of shitcoin swindling and decided to come up with an easier way to fleece the marks.
I don't understand how people would invest in stuff promoted by Tekashi a known criminal, or Lindsay Lohan who is just... A mess. You look at their project & think "yeah I trust them with my money" in what universe?
They're invested in greed. Its sad because NFT technology actually does have a future on the web whether ppl like it or not, but atm its been hijacked by ppl who use it to make money selling crappy pics of animals.
most people dont actually think its a good investment. they just know that if enough hype surrounding the person is there they can buy an nft and make a quick 2x 4xand sell it to some other sucker
The Kevin Hart one is so saddening. There are actors who try to take their job so seriously they find watching their own content cringe, and then there's the actors who will take whatever job pays and then ignore how cringe they look. Not glad to find out he's the latter.
You realize that every one of these celebrities placed the losses on their buyers right? They made bank, disappeared and not nearly enough people are mad about it
I think I've learned that I'm addicted to Coffeezilla!! I discovered your channel a while ago, subscribed of course and have been binging on your great productions since! Great stuff!
Coffee you failed to mention with projects selling below 0.002 that Opensea literally won’t let people sell NFTs under $5 USD 🤣 so there’s a reason it’s -99% and not -99.99999999%
Love the video, but a bit sad you didn't include Paris Hilton's NFT collection which was widely publicized on Jimmy Fallon where he promoted NFTs on national television. Would be interested to see how that turned out, even tho I have a pretty good idea considering these examples
The issue is that since there is no regulation those scammers are not legally entitled to keeping their promises! They can always provide an excuse in court like "The project didn't face enough popularity" "I cannot influence the price of the NFT, so it's not my responsibility" etc.
An Unpopular, yet Common Sense opinion: ANYONE who would take Financial Advice from Tekashi69 should not have money to begin with and the world is better off without them having any.
Hmmm idk about that one. What about your grandma taking advice about refunding something or trying to get money then getting scammed by a scammer? Does she not deserve money because she got deceived so easily by some random internet scammer? It's important to be wary about scams and bad financial advice but you can't blame the victim. They'll learn from this hopefully but to say they should not have money to begin with is a bit much.
The running theme of these celebrity NFTs is the celebrity is rarely involved. What usually happens is that some behind the scenes entourage sees the easy money, gets the celebrity that has no idea what NFTs are sign off on it but the celebrity has no involvement at all outside MAYBE the original announcement. Wich is why the 1 NFT doing well has (what it seems like) an actively involved celebrity.
I think the difference is that vee is famous specifically in the crypto space, no one outside of it gives a fuck who he is or has even heard of him, so of course his nft is doing better than a pop star with a predominantly teenage audience. Who woulda thought.
@@numberonehater1239 That's a low blow and a false one at that. Gary is known in much more than the crypto community LOL The dude has multiple top selling books in the marketing sphere and is a pretty smart entrepreneur. The logical fallacy that he's doing well because he's in the crypto space is just outright wrong. There are others in the space (e.g. kevin o leary) who are also known entrepreneurs and who are also known in the crypto community who's investments aren't doing so well. Gary's project is successful because he attached it to what he teaches and that's to have value outside of the NFT itself.
A colleague of mine is involved in an NFT ponzi scheme… he invited me to listen to “his guy” Basically, you pay him X dollars and he will triple it in 6 months trading NFTs. I actually dont think NFTs were involved, pretty sure he was just pocketing the cash… Still, the confusion, novelty and promise of completely insane ROIs make NFTs attractive to get rich quickers
To me the sheer popularity of them also is kind of sad. With a traditional job you are contributing something to society even if it's in an indirect way.
Coffeezilla acknowledging Gary Vee’s project was pretty cool. He could have easily left out any less then terrible ones. It just shows that he is truly trying to report the facts
tbf he didn't say it was "pretty cool" he said it was remaining successful despite being shit art mostly because he sold them as tickets to an event. Which is wild because it not only boosted the NFTs price but made buying tickets to an event like an ebay bidding war.
@@christmastiger The OP *probably* meant that Coffeezilla's mention was pretty cool, not that Coffeezilla was claiming Vee NFTs are cool. But you also added a nice point, thanks.
i think it would be worth it to note that a lot of projects are still "worth" something like 0.05-0.01 eth simply because eth transfer fees kind of keep them up this high.. if it takes 0.01 eth to approve the collection, then the price will be around there. so I consider projects that drop to 0.05 and below "down 100%"
"i'm sorry i led you to destitution. i didn't have any idea what i was doing. this time will be different, because i'll be running it." this pitch would get you laughed out of every board room.
I love how out in the open they are about promoting scams and they never get the slightest pushback. These things wouldnt be viable typically without the celebrity.
I recently wrote a journal article called "When the NFT Hype Settles, What Is Left beyond Profile Pictures? A Critical Review on the Impact of Blockchain Technologies in the Art Market"
NFT “art” is a scam. People said I don’t get it, i do. It’s a scam. People said look how much money so and so made, I said yeah, people make money off all sorts of scams. NFT the technology has legitimate (potential) purpose. The art is silly and those who bought and lost deserve it because all they wanted was to do that exact thing to someone else.
I disagree that there is any potential to NFT technology. It has no value outside of scamming and gambling. The technology behind crypto and NFTs is terribly designed and unfixable without starting over from scratch.
Eh, I'd go even farther. NFT the technology has little legitimate purpose. There's pretty much nothing an NFT can do that you can't do with something else that would be faster, less costly, and more usable.
If you are going to gamble, go bet on horses or NASCAR, or actual casino or Russian roulette which has better odds. Crypto odds are 100% you are going to get burned.
Dude I had no idea this many celebrities were promoting nfts - this is crazy, and what is even crazier is how people are still buying them. None of it makes any sense
I didn't learn much because I still don,t understand what freaking NFTs are lol. Like, what do people invest in? Just doodles and cartoon images? How is that refered to as an investment and not a buy?
You're pretty much correct. I won't go into details about blockchain or crypto, just know that nfts work through those technologies. Basically there is a database that keeps track of which nft belongs to whom. When you sell your nft that database updates. The point is that the database cannot be modified by anyone outside of buying and selling, that is achieved using blockchain and crypto. So when you buy an nft, you buy a record in that database that says it now belongs to you. The record itself, though, will only contain a link to an image/video/etc, so the actual image will not be saved there (if link stops working, say bye bye to your nft lol). That's because storing a large amount of data in there is super expensive because of the blockchain. Crypto bros believe that having an nft is the same as owning a digital thing. But it is just a database, there are no legal consequences if somebody screenshots your nft or just downloads it. It's a lot like scams in 90-s and 2000-s when companies were popping up that let you "pre-order" land on the moon. The problem is that 1. They didn't actually sell anything real 2. There were multiple companies, so who owns it in the end? Total scam. Tomorrow somebody could launch NFT 2 and resell the same images that were already sold, so it makes 0 sense.
NFTs aren‘t images. They are links TO images. They are hyperlinks. Aka „click (here) to see more“. The image can just get swapped to dick pics at any point. You don‘t own shit.
exactly, but with the exception that basketball cards have an actual market of collecters that actually value them on more than just a presumed future value. plus they are physical copies, so there is almost a guarantee of value increase with age. nfts have neither of these things, hence why card collecting still holds up and nfts dont.
No, the art are just image files. You can just right-click and save them if you want to have them. You also don't really buy the image. All you buy is a token that basically lists you as the owner within that specific blockchain. It's kind of like buying a star or planet from a company that keeps a list of who owns what star.
The reason the NFT's are abandoned by the original issuer is because the original issuer does not profit from the resale of them. They collect a bunch of money initially and then they no longer care about what happens to them.
Whenever I see faze I think of save the kids scam Whenever I see Travis Scott I think about the dead childrens that idolize and looked up to him Now we can remember these scams
Seems like the “Japanese steel” knives scam extends well beyond kamikoto. My brother bought some Baccarat knives claiming the same story with the same RRP scam from a local kitchen supplies store a few years back. Checked it out after seeing these videos and saw they were made of the same crappy steel!
I am a Japanese living in Japan. kamikoto...I have never heard of this name, but a Japanese person can easily tell from the name that this is a fake. I would expect this to be made in China under the guise of being made in Japan. The description of this brand also makes it immediately clear that it is a scam. Because it says "made in Honshu" without specifying the pinpoint place of origin. Where in Honshu? In the U.S., it would be like writing "Made in the Midwest. American person would surely think, "Where in the Midwest?". This kind of scam is also common in the Japanese version of Amazon, but most Japanese would immediately notice the unnaturalness of the name and recognize it as a scam. I can say with confidence that this brand will never expand in Japan. They are using their "image" to commit fraud. I am concerned that this kind of scam is spreading in the US.
Coffee. You should totally make a rugoull NFT set depicting cartoons of celebrities who have rugpulled their investors have them pulling a rug with an investor standing on said rug
I have a theory that some very big players used celebrities to shift money around in a way that was predictable to them. Celebs have a lot of money and have a lot of followers that have a lot of money.
The list of celebs pushing crypto and NFT's reads like a listing of the inmates at a particularly bad prison. Many of the celebs are paid nicely to push it and if they don't invest in it they could walk away with pure gain. The little people that were convinced to buy in by those celebs is a sad list of bankruptcy or worse. But, hey, get in and get out and don't worry about the little people you talked into buying and are now penniless.
ngl, I find it weird that you're saying that you're "learning" that NFTs aren't about the art. I feel like you already knew that. Personally I don't get why people haven't started just buying actual art, if they have money to throw around. It seems like it's far more likely to retain its value.
They're going to become pretty infrequent as the market collapses. but we're still getting hold overs from people that started projects before they realized the public was wising up to it. Like GameStop
" i jumped into the NFT community without knowing what an NFT was"
So did 95% of the NFT buyers.
99%
I assume if you even slightly know what it is you wouldn't jump into it so yeah 99%
I dont know about you but I see a 70IQ barely literate kid with face tats and rainbow hair and think "THIS IS THE GUY I WANT TO INVEST MY LIFE SAVINGS IN"
@@thegadflygang5381 I still don't know what an NFT is, and I don't want to know, being 63 is a blessing of some kind. But buying from a guy who looks like a ghetto dumpster attacked by taggers, not really. Best wishes from Lisbon Portugal.
it is a file which anyone can have with a right click on the mouse and save !
Crazy how these celebrities can call it a “cash grab” instead of a “scam” and everyone just accepts it.
Their life is already a scam
When you feel dumb, remember there are people buying celebrities NFTs
It just makes me feel worse because there is so many of them
Celebrities’
@@aprilshowersstormtrooper celebtitties
@@Josedinho_- clebtettles
@@baddoboss9075 😂😂😂
It's been 2 years since I learned of NFTs and I STILL have no clue what the point is or why anyone would purchase one. It's literally just tulip mania over and over. What actual, physical, functional value do any of these NFTs provide, and why on earth do people keep buying them?
Privilege, they're essentially buying social credit like that one chinese meme.
@@Ewooy Access to what???
ILLEGAL MONEY NEEDS A LEGAL WAY TO BE USED
It's the speculative value. Given enough hype and strategies, it could make so much money, but...
"just tulip mania"
NFTs make tulip bulbs seem like a brilliant investment.
Now I'm wondering if anyone has made a series of NFTs with a tulip theme?
Honestly the celebrities that didn't shill NFTs really set themselves apart in terms of professionalism
A lot of them were forced. Go look at their record labels and follow that.
even fuckin eminem had NFT. Dont know what to think anymore
@@lowzyyy acting as if emimem
Is diff from the rest of the tard celebs
No they just did the bare minimum
Their publicist or accountant more likely.
I can't believe that buying NFTs from a guy who is covered in tattoos of 69 would have been a bad idea.
Or from a school dropout wh*re
He looks like a nice guy
A Nice ork
Totally!
When being covered in 69 tattoos isn't even in a list of top 10 reasons not to do business with him 💀
Seems like coffee will never run out of his content since most of business now a day is all about how much you can steal and get away with it.
It's a truly sad state of affairs.
First my favorite UA-camr Jake Tran go NFT and now celebrities follow the trend. Not to mention the inflation went high, food prices go up and my taxes go up too.
This year is full disappointment.
I wonder if he'll pull a Jake Tran soon too.
fake business baby
I think Coffeezilla's real passion is going after fake gurus, but he's already done videos on most of them. NFTs are such a transparent scam they're easy to expose, but more new ones keep popping up every day. Doing a lot of NFT videos must feel like playing that old Whac-A-Mole game.
I commend the bravery of the parents of anyone who bought an NFT from Tekashi69. I don't how they do it. They have to look in the mirror everyday and know that they completely and utterly failed, yet still put one foot in front of the other and go on. Amazing people.
i wish i could like this comment more than once
Nft scams are the least of his problems
Especially those who bought after the first one crashed.
🤣
Hey kids do dumb shit, I'd be more concerned about the grown ass adults giving money to these creeps
69's apology video basically translates to, "I didn't know I was scamming people... But now I do."
Basically translated to "I only got to keep a small % of scammed money 1st go around as a paid spokesman." Now I own the scam outright and will keep 100% of the proceeds, Suckers! :-)
😂🤣😂🤣🤣🤣🤣
Something feels deeply wrong about corporations releasing NFTs under Stan Lee's name, despite him being dead and likely objecting to NFTs given how he was in life. It's almost like they're puppeteering a corpse and making it say "give us money!" and it feels disrespectful to his memory.
Stan would have also been against turning Marvel into a DEI woke nightmare that uses the IP to push politics ;but here we are....
We're at a point in time where celebrities who don't do NFT'S are getting more rare than those who do. This timeline is crazy.
Cuz nfts are the future lmao. They’ll always be bad actors in any area of life.
@@RichardVagner ha lol
They can make money off of it, even if their fans lose money, and they face no repercussions.
@@RichardVagner Yeah like flying cars and Segways right? lol
@@RichardVagner future my ass
“Sorry I scammed you, but invest in my new scam” - 69
Great video, never realized how many celebrities are willing to sell their fans so easily
you don't have to guess anymore. It's ALL OF THEM, and it isn't just celebrities doing it.
I won't look at Kevin Hart the same way. He seemed like a good guy. Now I seem him as a con artist like all the rest.
@@OU81TWO idk if its a con artist thing it was just bad
I think they're just so ignorant about it that you can easily talk them into it and they'll just get all the blame .. but at the end of the day they don't give a damn.. the majority of their fun base will never drop them.. they're just like their personal cult..
Think of it this way. They’re paid to act. So they’re very good at it. That’s how they get people to like them, it’s all an act.
You chose a great niche! Grifters and scammers is something we will never run out of!
“To all my fans, I extremely apologize”
-Tekashi, six 9
imagine being dumb enough to buy anything he's selling
Tekashi 6ix9ine is a saint
I love how you made it a last name comma first name format I legit lol'd😂
@@JMW10o0o Tekashi of the 69th clan
@@JMW10o0o LMAO! Yes!
I really hope these projects come back to bite these celebrities in the ass financially. I’ve seen a lot of stuff on the internet worried about this new funding to the IRS and how they’re going to target poor/middle class people. I don’t know if that’s totally the case but I really hope they begin investigating these celebrities/influencers. Whether it be NFTs or crypto or offshore gambling anyone with half a brain knows a lot money is going unreported (or hid elsewhere by sneaky accountants).
Stop reading conservative fearmongering BS
I really hope that's who they investigate. 80% of audits over the past several years have targeted individuals making under 200k a year.
Celebrities can afford expensive lawyers while poor and middle class cant, its already been proven in the past that regular people and small businesses are targeted because its the easiest. If you look at the history you know they are lying....
@@Thor-Orion that correct. However logical reasoning leads one to believe most ppl making 200k+ have accountants who’s job is to make sure they’re not audited. I’d argue that the lack of IRS funding, that’s been pointed out before by those on the left and right, leads to this exact issue. The 80% doesn’t give a full picture
Won’t happen never does
NFTs are like tulips in 17th century Netherlands. The only difference is that tulips are beautiful.
Hey, the tulips just lost demand. It's not THAT bad. And tulips are still valuable.
The first mistake was buying a NFT.
The second mistake was trusting someone with a big "69" tattooed on their face.
And what about all the others? Wtf difference does it make if a scammer has a face tattoo or not? Moron.
Let's face it--any face tattoo is a huge red flag.
Some of these people are wealthy beyond your wildest dreams yet their greed leads them into these "dubious" nft deals
That is the nature of the economic system. It's no longer about wealth, value, or utility. It's about making the numbers go up because numbers going up has taken the place of any kind of meaning. You do work to make the numbers go up because that has become the meaning of life and the purpose of being.
@@Yora21 that's not an excuse at all. When you are rich you get to say no to shit like this. One tweet how shit nft are n it's over, no matter if management pushes or not.
@@Yora21 nature of economic system? LOL. not it is nature of human greed and gullibility
@@Jinkypigs lmao “nature”
Most of these clowns will be broke by the time they reach 50 years old because they think the money will never stop flowing their way.
NFTs are basically the opposite of Robin Hood: stealing from the "poor" to give to the rich.
When you spend all of your money on NFTs you're poor not "poor" because you no longer have anything of value.
Stealing from the stupid to give to the slightly less stupid.
Actually so well said
So a thief
OMG one of my friends tried to get me to cash out my very healthy Roth IRA to invest in NFTs... I flat out said no. He then proceeded to tell me it's the future and I'm missing out. It was still a big solid NO
Smart man. NFTs are a scam
had a couple friends like this too. they also told me to go all in on Safemoon....
Stay away from NFTs or Cryptos. 100% of it is a scam.
This channel is a gift from the heavens. So few people hold these scammers to account and breakdown the actual facts of the swindle. Coffeezilla is a godsend.
I remember when scamming people was illegal and could get you in trouble but now pretty much everybody can do it and there's absolutely no consequences including to celebrities that are even in the United States
Edit: I may have given some confusion on what I meant by "celebrities that are even in the United States" I meant that the celebrities that are doing these scams like Jake Paul, Floyd Mayweather etc live in the United States and if they lived in a different country it would be a lot harder to prosecute them if they're in a different country
Hope that clears up any confusion
Capitalism babybeeee, the rich always go unpunished
Even I could get rich with these scams. But I'd have to be rich to do it, first. I'm just wondering who these brain dead people are that are buying NFTs in the first place. Are they children maybe?
@@rajbhattacharya4427 you do not have to be rich to make an nft project
I know people who got rich off of making nfts, they didn't have much money before, they also aren't active on those nfts anymore so they rugged aswell.
@@davesprivatelounge not just the rich.
These celebrities are selling their reputations. Every venture that takes people's money only to fade away is leaving fans feeling burned.
I would never buy an NFT, but I'm side-eyeing a couple celebs just knowing that they scammed their fans. It makes me less likely to watch them in a movie or whatever else.
You said it well! These celebrities have no incentive to see it out that their project succeed. All they care about is building initial hype and receiving that first paycheck. After that, what motivation do they have to keep promoting the project? There is no accountability. There is no utility. All there is, is unsubstantiated hype that the NFTS will never be able to sustain..
This is absolutely true, but I think it's also missing a bigger point. What would care mean anyway? They are non fungible by definition. They don't do anything. The only thing you can do to keep the project valuable is...keep building more hype, forever. The moment you stop, they crash....because hype is literally all they are . If they had intrinsic value they wouldn't crash. If they at least had artistic value, maybe they wouldn't crash. But they're not art, they are "the proof of possession" of (in most cases, absolutely bad, replaceable, soulless, talentless, and thus economically worthless) art.
Tekashi69's "apology" should give you all the info you need to know about celebrity endorsed NFTs
Yeah, he just brushes it off as a mistake and then doubles down, the ego on these fools is mind boggling.
It's almost shameful that adults talk about NFTs as if they were ever anything but a scam. Folks saw the success of shitcoin swindling and decided to come up with an easier way to fleece the marks.
And a man Penguinz said, people that missed the GameStop surge were especially vulnerable to the NFT / crypto boom during the pandemic
"we keep lighting our money on fire and somehow it keeps resulting on our money being on fire. I wonder why this trend keeps occurring."
anyone who bought lana’s nfts thinking it was a good investment deserves their money getting taken bruh
Their suffering was worth forcing her off the internet.
@@mgancarzjr She stopped porn so no more use in the beginning
that's how I feel about most of the NFT community is that most of these suckers probably deserve it
You can say this about any celebrity nfts
Why specifically hers huh..? 🤔
I may be showing my age but the Kevin Hart animations remind me so much of Celebrity Deathmatch back in the day haha
I don't understand how people would invest in stuff promoted by Tekashi a known criminal, or Lindsay Lohan who is just... A mess.
You look at their project & think "yeah I trust them with my money" in what universe?
you got a scam bot following you around
@@toomanyaccounts I KNOW HE IS EVERYWHERE. Like, leave me alone lol
They're invested in greed. Its sad because NFT technology actually does have a future on the web whether ppl like it or not, but atm its been hijacked by ppl who use it to make money selling crappy pics of animals.
most people dont actually think its a good investment. they just know that if enough hype surrounding the person is there they can buy an nft and make a quick 2x 4xand sell it to some other sucker
i feel the same people that paid into this are degens
The Kevin Hart one is so saddening. There are actors who try to take their job so seriously they find watching their own content cringe, and then there's the actors who will take whatever job pays and then ignore how cringe they look. Not glad to find out he's the latter.
I’d love to see an update to this, even more if this become a recurring show
Update? Why? Crypto/NFT is all a scam.
100 percent
“I extremely apologise” but that part where I lied in the promo and Won’t be refunding your money.I’m fine with🤣🤣🤣
You realize that every one of these celebrities placed the losses on their buyers right? They made bank, disappeared and not nearly enough people are mad about it
His entire content from the last year has basically been because of this reason.
I think I've learned that I'm addicted to Coffeezilla!! I discovered your channel a while ago, subscribed of course and have been binging on your great productions since!
Great stuff!
Same here
Anthony Hopkins just released a post promoting his NFTs and it breaks my heart
noooo :(
He promoted the Vax , another scam, so he's consistent.
Yeeesh 😕
NOOOOOOO🤯
Wow, I didn't see this coming /gen
LMFAO....NFT’s went from ‘new/cool’ to ‘COMPLETE BS’ fast af💯😂
🤣too fast
The only ones that though they were cool were the ones making money from this money laundering scheme. Everybody else was just pumping money on JPG's
Tulips
They were never cool, just used to pedal to the boomers that had to use the internet over lockdown
Anyone who didnt see a scam from the beginning is really naive IMO
Would love to see this revisited tbh. The hype around nfts is like the hysteria of early Covid. We’re all just pretending it didn’t happen
Coffee you failed to mention with projects selling below 0.002 that Opensea literally won’t let people sell NFTs under $5 USD 🤣 so there’s a reason it’s -99% and not -99.99999999%
it's also worth adding that the fact they're dropping is twice as bad when the price of eth has also dropped by half
He addressed this and adjusted
@@Samedang no he didn’t. He said he did it in eth as the price of eth has dropped. That’s not what I’m saying.
He literally says ethereum has fallen 50%…. 3:26
@@nothlw we know what you’re saying but he already said that.
@@spol cheers Aaron but it’s not what he said
The effortless segues were honestly the highlight of this video 🤣 it was all so seamless
Coffeezilla your content is great and I love the jazzy aesthetic! Keep up the good work man!
Love the video, but a bit sad you didn't include Paris Hilton's NFT collection which was widely publicized on Jimmy Fallon where he promoted NFTs on national television. Would be interested to see how that turned out, even tho I have a pretty good idea considering these examples
its a scam
@@toomanyaccounts They're all scams. The "successful" ones just haven't popped yet.
how is it not illegal? i dont get it. these people should be charged, or at the very least face serious backlash from us as a collective.
It’s crypto
Crypto baby
@@sudoo6987 *baybeeeee
The issue is that since there is no regulation those scammers are not legally entitled to keeping their promises! They can always provide an excuse in court like "The project didn't face enough popularity" "I cannot influence the price of the NFT, so it's not my responsibility" etc.
people know theyre buying PNGs. theres no scam there lol
An Unpopular, yet Common Sense opinion:
ANYONE who would take Financial Advice from Tekashi69 should not have money to begin with and the world is better off without them having any.
A lot of dumb money in the world
Hmmm idk about that one. What about your grandma taking advice about refunding something or trying to get money then getting scammed by a scammer? Does she not deserve money because she got deceived so easily by some random internet scammer?
It's important to be wary about scams and bad financial advice but you can't blame the victim. They'll learn from this hopefully but to say they should not have money to begin with is a bit much.
@@jackymayo Is the grandma taking advice from a rapper with more tattoos than braincells?
@@ProfAzimov what difference does it make? how is this related to my point
True, that man is a muppet.
The creators are not “facing a problem,” when shit tanks, they’re literally not doing shit with their projects.
This channel is flying every day +1k subscribers. Well done! 🎉
The running theme of these celebrity NFTs is the celebrity is rarely involved. What usually happens is that some behind the scenes entourage sees the easy money, gets the celebrity that has no idea what NFTs are sign off on it but the celebrity has no involvement at all outside MAYBE the original announcement. Wich is why the 1 NFT doing well has (what it seems like) an actively involved celebrity.
I think the difference is that vee is famous specifically in the crypto space, no one outside of it gives a fuck who he is or has even heard of him, so of course his nft is doing better than a pop star with a predominantly teenage audience. Who woulda thought.
@@numberonehater1239 That's a low blow and a false one at that. Gary is known in much more than the crypto community LOL The dude has multiple top selling books in the marketing sphere and is a pretty smart entrepreneur. The logical fallacy that he's doing well because he's in the crypto space is just outright wrong. There are others in the space (e.g. kevin o leary) who are also known entrepreneurs and who are also known in the crypto community who's investments aren't doing so well. Gary's project is successful because he attached it to what he teaches and that's to have value outside of the NFT itself.
@@numberonehater1239 Gary Vee IS a pop star with a teenage audience.. but you're right that he's been known in the crypto space
Sir, congratulations. You've perfectly described their cop out.
Anytime you hear "some people in the industry tried to experiment with things such as real world utility" maybe that's a sign to avoid that industry.
A colleague of mine is involved in an NFT ponzi scheme… he invited me to listen to “his guy”
Basically, you pay him X dollars and he will triple it in 6 months trading NFTs. I actually dont think NFTs were involved, pretty sure he was just pocketing the cash… Still, the confusion, novelty and promise of completely insane ROIs make NFTs attractive to get rich quickers
To me the sheer popularity of them also is kind of sad. With a traditional job you are contributing something to society even if it's in an indirect way.
Lol, if he had those returns he would just get a loan
Coffeezilla acknowledging Gary Vee’s project was pretty cool. He could have easily left out any less then terrible ones. It just shows that he is truly trying to report the facts
Underrated comment
wrr
*than
tbf he didn't say it was "pretty cool" he said it was remaining successful despite being shit art mostly because he sold them as tickets to an event. Which is wild because it not only boosted the NFTs price but made buying tickets to an event like an ebay bidding war.
@@christmastiger The OP *probably* meant that Coffeezilla's mention was pretty cool, not that Coffeezilla was claiming Vee NFTs are cool.
But you also added a nice point, thanks.
69: "I apologise to my fans" shows bling bling "I didn't know what it was" waving more bling bling.
i think it would be worth it to note that a lot of projects are still "worth" something like 0.05-0.01 eth simply because eth transfer fees kind of keep them up this high.. if it takes 0.01 eth to approve the collection, then the price will be around there.
so I consider projects that drop to 0.05 and below "down 100%"
Appreciate you educating these people young and old about scams!
"i'm sorry i led you to destitution. i didn't have any idea what i was doing. this time will be different, because i'll be running it."
this pitch would get you laughed out of every board room.
As the business/accounting grad in my family, I told my family to stay out of crypto, especially NFT’s. I do not at all regret it.
I love how out in the open they are about promoting scams and they never get the slightest pushback. These things wouldnt be viable typically without the celebrity.
I recently wrote a journal article called "When the NFT Hype Settles, What Is Left beyond Profile Pictures? A Critical Review on the Impact of Blockchain Technologies in the Art Market"
NFT “art” is a scam. People said I don’t get it, i do. It’s a scam. People said look how much money so and so made, I said yeah, people make money off all sorts of scams. NFT the technology has legitimate (potential) purpose. The art is silly and those who bought and lost deserve it because all they wanted was to do that exact thing to someone else.
I disagree that there is any potential to NFT technology. It has no value outside of scamming and gambling. The technology behind crypto and NFTs is terribly designed and unfixable without starting over from scratch.
Eh, I'd go even farther. NFT the technology has little legitimate purpose. There's pretty much nothing an NFT can do that you can't do with something else that would be faster, less costly, and more usable.
@@burgermind802 i think NFTs will have value in the metaverse
@@burgermind802 👏🏾👏🏾👏🏾👏🏾👏🏾
If you are going to gamble, go bet on horses or NASCAR, or actual casino or Russian roulette which has better odds. Crypto odds are 100% you are going to get burned.
Bieber doing something that'll make him even more unlikeable? Color me shocked.
He's got that Yucky Yuck, that Yucky Yuck, that Yucky Yucky.
Who's Bibir ? a lip ?
FYI Bibir means Lip in my country language
@@llewelynshingler2173 lol 💀💀💀
(Holy shit that song what iss he trying to do???)
@@llewelynshingler2173 😂😂😂😂🤣🤣
It was suggested to Joe Rogan many times to make an nft collection, he dismissed it every time
Of course he did. Any half normal person would.
@@justinsmith4562 i like the implication that Rogan is just half-normal lol
@@dopesickdog that’s a bit generous to be fair
@@dopesickdog As one commentator put it, regardless of what else you think of him, he's gotten very good at multiplying pennies.
Dude I had no idea this many celebrities were promoting nfts - this is crazy, and what is even crazier is how people are still buying them. None of it makes any sense
Cant wait to see the 10 million dollar studio NFT
I didn't learn much because I still don,t understand what freaking NFTs are lol. Like, what do people invest in? Just doodles and cartoon images? How is that refered to as an investment and not a buy?
Same here 😹
You're pretty much correct.
I won't go into details about blockchain or crypto, just know that nfts work through those technologies.
Basically there is a database that keeps track of which nft belongs to whom. When you sell your nft that database updates. The point is that the database cannot be modified by anyone outside of buying and selling, that is achieved using blockchain and crypto.
So when you buy an nft, you buy a record in that database that says it now belongs to you. The record itself, though, will only contain a link to an image/video/etc, so the actual image will not be saved there (if link stops working, say bye bye to your nft lol). That's because storing a large amount of data in there is super expensive because of the blockchain.
Crypto bros believe that having an nft is the same as owning a digital thing. But it is just a database, there are no legal consequences if somebody screenshots your nft or just downloads it.
It's a lot like scams in 90-s and 2000-s when companies were popping up that let you "pre-order" land on the moon. The problem is that 1. They didn't actually sell anything real 2. There were multiple companies, so who owns it in the end?
Total scam.
Tomorrow somebody could launch NFT 2 and resell the same images that were already sold, so it makes 0 sense.
NFTs aren‘t images.
They are links TO images.
They are hyperlinks.
Aka „click (here) to see more“.
The image can just get swapped to dick pics at any point. You don‘t own shit.
@@Sergeeeek Thank you.
NFT's remind me of wrapped baseball cards. Once you open the packet the value if it had any is often lost.
exactly, but with the exception that basketball cards have an actual market of collecters that actually value them on more than just a presumed future value. plus they are physical copies, so there is almost a guarantee of value increase with age. nfts have neither of these things, hence why card collecting still holds up and nfts dont.
Excelent video Coffee! Let's hope people use this information to avoid getting themselves into this kind of projects...
And I thought NFTs were a way to sell unique digital art pieces to collectors, like you'd sell a real painting.
Except a paintings value is in the artist. Are these chuckleheads drawing the dumb cartoon monkeys?
HAHAHAHAHA NOT EVEN CLOSE MAN
No, the art are just image files. You can just right-click and save them if you want to have them. You also don't really buy the image. All you buy is a token that basically lists you as the owner within that specific blockchain. It's kind of like buying a star or planet from a company that keeps a list of who owns what star.
@@jbird4478 and it then puts your crypto into something that you might not be able to sell or make a loss on, very similar to penny stocks
If this was the main idea it won't be this kind of dumpster fire we see today
The reason the NFT's are abandoned by the original issuer is because the original issuer does not profit from the resale of them. They collect a bunch of money initially and then they no longer care about what happens to them.
"his fanbase won't let this one dies"
"similar to the next one"
"Stan Lee"🗿🗿🗿
"NFTs & athletes really go well together"
🤣🤣
Whenever I see faze I think of save the kids scam
Whenever I see Travis Scott I think about the dead childrens that idolize and looked up to him
Now we can remember these scams
Yeah, unfortunately it's not a global audience that's aware of this shit, but I look at John Wall different. Part of it is the lack of reporting.
Seems like the “Japanese steel” knives scam extends well beyond kamikoto. My brother bought some Baccarat knives claiming the same story with the same RRP scam from a local kitchen supplies store a few years back. Checked it out after seeing these videos and saw they were made of the same crappy steel!
I am a Japanese living in Japan. kamikoto...I have never heard of this name, but a Japanese person can easily tell from the name that this is a fake. I would expect this to be made in China under the guise of being made in Japan. The description of this brand also makes it immediately clear that it is a scam. Because it says "made in Honshu" without specifying the pinpoint place of origin. Where in Honshu? In the U.S., it would be like writing "Made in the Midwest. American person would surely think, "Where in the Midwest?". This kind of scam is also common in the Japanese version of Amazon, but most Japanese would immediately notice the unnaturalness of the name and recognize it as a scam. I can say with confidence that this brand will never expand in Japan. They are using their "image" to commit fraud. I am concerned that this kind of scam is spreading in the US.
Ngl, Coffee is looking intimidatingly handsome as of late.
"Seller and buyer lose interest in the nft" yeah , it's not that you can do anything with your nft.
Always got great content man. Really enjoy your videos!
Everytime the video shows each nft "art" I shake my head.
Coffee. You should totally make a rugoull NFT set depicting cartoons of celebrities who have rugpulled their investors have them pulling a rug with an investor standing on said rug
The production quality is incredible!
Biggest worry people should have about buying NFT's is that they are buying jpg's.
It's not about maintaining hype, its about maintaining community and offering utility
This whole thing has been a “but wait, there’s more!” Love listening to these!
Founders' keep interest in their NFT schemes as long as Google do with their projects
I have a theory that some very big players used celebrities to shift money around in a way that was predictable to them. Celebs have a lot of money and have a lot of followers that have a lot of money.
You should give an update on where NFTs are now.
95% of the collections of thousands aren't even worth 5 bucks. the remaining 5% well 95% of those collections are worth 5 bucks
Vee friends went from an average of 5.59eth on August 17th 2022 to an average of 0.65 eth.
Metacard went from an average of 0.57 to 0.090.
An important note, Canine Cartel is more like furry art, and Lindsay’s nft was basically her fursona
Coffee is a Better journalist than 90% of what the MSM has to offer.
- We appreciate the Facts and Honesty aimed at Actually HELPING to INFORM people.
*Apology:* "I'm sorry _THEY_ scammed you! But now that I've done my research... Please,... allow _ME_ to scam you! 🗣STOOPIT!"
~Sincerely, Tekashi 69
“You know, let me get into something I know nothing about” said legitimately to justify a scam.
Giving Lana the title of ‘celebrity’ is hella generous
To be fair, she has starred in videos with millions of views.
@@joshuabeck7356 to be fair I think most guys played a major role in that lol
She’s a mattress actress.
The list of celebs pushing crypto and NFT's reads like a listing of the inmates at a particularly bad prison. Many of the celebs are paid nicely to push it and if they don't invest in it they could walk away with pure gain. The little people that were convinced to buy in by those celebs is a sad list of bankruptcy or worse. But, hey, get in and get out and don't worry about the little people you talked into buying and are now penniless.
Coffee been working hard respect to coffee and team
We need an update now that 95% of NFTs are useless now (not that they had any uses before)
I hope the people who lost money to these people on NFTs can take them to court and sue the hell outta them. Rich keep getting richer...
ngl, I find it weird that you're saying that you're "learning" that NFTs aren't about the art. I feel like you already knew that.
Personally I don't get why people haven't started just buying actual art, if they have money to throw around. It seems like it's far more likely to retain its value.
You are righteous Coffeezilla 👌
I’d be interested in seeing a video about gas monkey nfts . Great video man !
How long are these nft projects gonna keep popping up?
As long as idiots keep buying it
Till idiots stop buying them it won't be till it dies out or something else replaces it
Until Christ returns
They're going to become pretty infrequent as the market collapses. but we're still getting hold overs from people that started projects before they realized the public was wising up to it. Like GameStop
If idiots keep dumping millions into a hole then people going to keep digging holes. Don't need a lot of people just need the 0.003 percent whale
“I said you know what let me get into something that I don’t know that much about.” Inspiring words… 🧐
Until people go to jail, this won’t stop.
Nah even then people don't care