What is NFT? – NFTs Explained in Plain English (2022 Updated)
👁🗨 What is an NFT? How do I buy one? Why would I want to buy a digital file that I can just copy in a second? Is it just another bubble?
👉 Buy an NFTs here:
– Gemini’s Nifty Gateway:
– OpenSea:
– Rarible:
– SuperRare:
– MetaMask Wallet for buying NFTs:
Today’s topic is NFTs, here is what we will cover in the video:
0:50 Fungibility Explained
1:41 What is a Non-Fungible Token?
1:49 Fun Fact!
2:07 NFTs Explained
3:43 NFT Creation
4:51 NFT Characteristics
5:07 NFT Examples
6:01 Buying an NFT
7:10 Selling NFTs
7:42 NFT Uses
9:29 Are NFTs just a bubble?
9:57 Summary
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👁🗨 What is an NFT? How do I buy one? Why would I want to buy a digital file that I can just copy in a second? Is it just another bubble?
👉 Buy an NFT here:
– Gemini's Nifty Gateway: https://bit.ly/2YqDfxp
– OpenSea: https://bit.ly/3kg93N6
– Rarible: https://bit.ly/3bTLx48
– SuperRare: https://bit.ly/3D4uPuY
– MetaMask: https://bit.ly/3mVpIY2
Today’s topic is NFTs, here is what we will cover in the video:
0:50 Fungibility Explained
1:41 What is a Non-Fungible Token?
1:49 Bitcoins are Non-Fungible
2:07 NFTs Explained
3:43 NFT Creation
4:39 What is an NFT in a nutshell
4:51 NFT Characteristics
5:07 NFT Examples
6:01 Buying an NFT
7:10 Selling NFTs
7:42 NFT Uses
9:29 Is NFT just a bubble?
9:57 Summary
Bored Ape Yacht Football Club NFTs Are Authentic.
Pretty clear !
What are NFTs use for, something like one use's money to buy an items or pieces of cloth because of it purpose to human, so what are exactly purpose of NFT please?
If i have two high resolution images that are exactly the same except for one single pixel. For the human eye, they are the same images. For a computer and a hash algorithm, its two completely different things. How is this handled with NFTs?
Bitsubishi Public Presale is Live!
Can i create my own NFT and sell it? And how can I market it on Opensea?
Brilliant! The video I needed to watch. Looking at the other NFT use cases, it's making much sense now.
They got NFTs party's over her in Santa Monica. And Venice as well.
NFT are the PET ROCK of the digital era!
🤣🤣🤣🤣🤣🤣
NFT in its current form is really just a proof of concept
How do i make money from it though?
A lot of people, like myself, are unaware as to the complete and total impact of people who live in these digital worlds. Like SIMs.
They literally consume peoples lives.
They take in more money than sports, movies, theaters and Las Vegas combined.
There are many who live in this escapism and prefer using digital assets (NFTs) in their digital world.
For those who have so much money they don’t know what else to consume (because they don’t see the immediate advantages to helping make the world a better place) they now invest in NFTs … and sure, there’s money laundering too because these people only think in terms of adolescent things and stuff.
Basically kids who will grow old but never grow up.
Thanks mate Nate
What a brilliant teacher, thank you for a superb explanation.
Digital land? Really
When it comes to the world of investment, most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance
good works!
What about music?
NFT is the new beanie baby. But instead of the Ty Toys butt tag which acted as the “certificate of authenticity” for beanie babies, NFT uses a blockchain identifier.
And just like the beanie baby, the NFTs have no real value and once the fad runs its course people are going to sitting on a bunch of worthless PNGs just like they had huge collections of worthless plush toys.
NFT = N-ew F-ools to T-arget…..These are nothing more than yet another way of scamming money from the masses with the promise of making them rich. This is why Bitcoin and crypto currency won't take off for a long time….how can ONE "Bitcoin" be worth more than some people's MONTHLY RENT?….nah…its all stupid and foolishness. The smart folks?…are investing the Old Fashioned Way….by placing their money in places that are verified income growers…couple of things:
1 If the entire crypto currency ecosystem is so "secure"?…how are people getting robbed of their money!!
2 If the crypto thing can be traced due to a signature has?…why hasn't the stolen monies taken from digital wallets been returned?…aren't they identifiable?..and thus, retrievable?
Nah….I'll stick to what I know..and leave the "make-believe-currency" alone. As for NFt's?….they will NEVER see a dime from the likes of ME!
how can i sign in in NFT please and i want to kno the minmum amount that i can use to buy NFT and how i can earn
NFT stands for "Not Fully There", as in "someone that pays for an NFT, is not fully there".
I hope this clears up any confusion.
NFT's are the ultimate example of the Greater Fool Theory. They only exist in a world where people have more money than brains. Otherwise, they are great for paying far more than an item is worth and for making it next to impossible get your money back by re-selling it.
Anyone want to buy my NFT Pokeman Card Collection…..I'll throw in my assortment of NFT Beanie Babies.
Great video, you’ve explained this topic very well
Simply another form of BS
So an NFT is something a rich sucker can buy to boost his ego?
No fkknk talent
Good, clear and concise, Nate. Thanks.
Good explanation of a complex subject, thanks! I have a couple of questions.
1. I've thought of another use for NFTs besides the ones you mentioned. Although an NFT doesn't stop other people from copying my digital property, it would be a big help if I decide to sue anyone who made a copy without my permission, or if I want to charge them with a crime. Is that correct?
2. As I understand it, each NFT exists on a particular blockchain. So it's conceivable that someone could create a fraudulent NFT using a blockchain other than the one used by the real owner. This would be the 21st-century equivalent of "selling the Brooklyn Bridge," selling something you don't really own. Is that correct?
I hope someday society realizes that something for nothing is no way to run an economy or a useful life.
Im 64, must be time to leave this planet. Never heard so much waffle, nothing personal, your a great lecturer, but really all this digital stuff just increases mental illness.
the equivalence to a pet rock passed off as something valuable. Rip off of the century. Its a pyramid scheme disguised as a valued asset. Dumb and dumber and for the suckers that buy these. There is one born every minute.
👌👌👌
NFTs seemed really idiotic to me. Then I found this video and it confirmed my suspicions.
Thanks for a very educational video!
WTF
I was confused about NFT's at first but this will help me with this some more
I think we’ve gone round the bend…
Wish you tutored me in med school. This was just brilliant and so easy to assimilate
This sounds like such a scam.
Great Video thank you for making these. I think I will stick to fungibles for now, but super cool!
100% this is not a passing fad.
It’s just the beginning.
We are going almost totally paperless, digital, and online. This is the future.
Seems crazy that we still have A LOT of unnecessary physical mail delivered that could very easily be digitised.
Anyway. Great video. Thanks 🙏🏾
I got 99 problems but a bitcoin aint one.
The BTC used for illegal purposes could also be worth more
I actually thought I was just missing something when I first heard someone talking about nft's! Nope! It truly IS a complete and utter load of hysterical BS! Selling of 'notion's.' Incredible. Thought I'd hear it all. Again, NOPE! 🤣🤣🤣
As long as my payment doesn't actually 'exist in the physical world' either, I'm all for it! 🤡🤡🤡
Plain english?! Even I can explain UTTER NOSENSE! See?! I just did it! Utter nonsense! Eazy peezy lemon squeezy 😁
The new pet rock/cabbage patch doll for the entitled privileged elitists among us! Yaaay! Charities need to get in on this nonsense. People would eat it up and a smart charity could make bank off of the kind of vain, shallow, self-centred bleeding heart left-wing elitists with too much time and money on their hands that this phenomenon most certainly MUST attract. Oh yeeeaaaaah! Prove me wrong! 🤣🤣🤣