What is an NFT? (Non-Fungible Tokens Explained)
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- Опубликовано: 19 май 2024
- What is an NFT? A Non-Fungible Token, also known as a NFT, is a type of digital token or asset. A common analogy is to think of these as digital trading cards or digital paintings. When you buy an NFT, you are buying the rights to that specific asset. In this video you'll learn exactly what a non-fungible token is, and why they are valuable.
0:00 - 0:15 Intro
0:16 - 1:00 What is an NFT?
1:01 - 2:24 The Details of all Non Fungible Tokens
2:25 - 5:13 Why buy an NFT?
5:14 - 6:12 Buying Jack Dorsey's First Tweet
6:13 - 6:48 How popular are they?
6:49 - 7:52 Top 11 Most Expensive NFTs
7:53 - 8:44 Can someone copy your NFT?
8:45 - 10:13 How do you buy an NFT?
10:14 - 11:05 Where do you store your NFTs?
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Out of all the nft explanations and videos on here, you make it so simplistic. Greatly appreciated! I can understand it and be able to simply explain it to someone else who would just ask and not understand it. You’re awesome!!!!!
Among all videos watched on NFT, yours is the most simple & thoroughly elaborated. Finally, a true beginner guide. Love it bro, keep em coming!
I don't get it! So does the NFT hold a crypto value that can be cashed out?
You echoed my exact thoughts 💭
Yes 🥰 he is the best
DUNKs is where you guys want to be at right now, such a chill community with lots of fun events, amazing devs, insane marketing professionals, I’ve never seen this combination before.
⭕ The NFT Lord ⭕
Trying to recruit some people IRL into NFTs and was looking for a video to send to them to help explain things. This is by far the best one I've come across. Fantastic work
When buying NFT'S 'it's important you understand what you are buying, a piece of data.' - I found this piece of information to be of most use. Thanks!
I don't get it! So does the NFT hold a crypto value that can be cashed out?
That is gold, but I think he missed explaining what happens if the host changes or disappears
@@punnymoney3692 Yes
@@robguevara7 I haven't gotten to that stage as of yet l.
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I've started from bottom and I'm going all the way to the top..
Sorted your videos according to release date and I'm watching it from the first video, to your most recently released..
You really put in a lot of work in your videos, making stuff make sense, thanks a lot.
I'm doing the same as well.
Started from the bottom now we here!
same here :)
Me too. From Dundee, Scotland Thank You.
Same here
This is excellent. The clearest simplification in a sea of complications. Thanks.
Great job! This is the first video explanation of NFTs that I have watched.
We're glad you enjoyed it! if you have any questions let us know :) - N
Found and watched all your amazing videos!!! Thank you so much! Please continue to make more videos!!!
The best video thus far on the topic of NFT. The major reason for my up vote is that it addresses the what, WHY and how. Most other videos have explained the what and the how but not WHY. This one did. If this RUclips video creator has an NFT and creates excellent videos like this one and the buyer of that NFT gets access to, say, 3 other premium videos of theirs, then this NFT may rise in value!
You made the explanation very simple and easy to follow, thanks!
I’m so happy to find this channel.
It is by far the best elaborated videos (in a really simple & funny way) that even dummies like me can understand, thank you!
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I have not see any other channels explaining Crypto concepts in such simple language. Kudos to you and your team..
It will be great if you follow DUNKs, they are doing a lot of marketing and working hard to complete their goals.
You are awesome !
The way of presentation is another level.
Certainly on a mission to watch all your videos starting from bottom to top.
Thank you for breaking it down in understandable illustration.
This is so easy to understand. Great video!
Thanks guys! Great video. I'd love to see you do a follow up video to this one with updated insights and info.
This is my new Fav Channel.. Thanks for all the hard work..
Wow. Thanks for simplifying NFTs in your video. Will look for your next video that covers NFT further.
Thank you so much. Nft was so hard to research so this video was alot of help.
Thank you! Really appreciate this vid and the channel! more power to you!
I don't think I've ever gone out of my way to log in and like a video but you really made a fantastic video and really simplified a seemingly very complex new concept! I'm glad I could support this video by giving it a boost and I look forward to more videos from this channel :)
Hey, you should check out the new DUNKs NFT metaverse, the team seems to be doing a lot of marketing now and they seem to be doing what they say they will do...
Hey, you should check out the new DUNKs NFT metaverse, the team seems to be doing a lot of marketing now and they seem to be doing what they say they will do...
Very informative ,logical and simple to understand .Appreciate a lot.
Nice intro to the subject. Thank you very much...
Great job guys! Pls keep going. Loving your videos.
Mark my words this channels gonna blow up... excellent animation and explanation... keep up the great work
Maybe our view graph will look better than the last ETH bull market 😂
Hey, you should check out the new DUNKs NFT metaverse, the team seems to be doing a lot of marketing now and they seem to be doing what they say they will do...
This is really good 👏🏿
Thank you for sharing!
I just watched all 96 videos in your playlist. This channel is absolutely one of the best crypto-ed channels on the internet. Kudos.
DUNKs is where you guys want to be at right now, such a chill community with lots of fun events, amazing devs, insane marketing professionals, I’ve never seen this combination before.
I’m about to dig in & Im excited - Any other recommendations?
Amazing videos.. So informative. Thank you so much for putting out.
Excellent thank you for taking the time and sharing
Thanks guys this video has been very helpful in clearing up some confusion
Thanks, I liked and subscribed, this helped a lot
Thank you. I'm new to NFT's so this was a great explanation as a beginner.
I enjoy your work and videos. I am curious what presentation software is that? The pictures and graphics are fantastic
Videoscribe
The contents you guys create are most definitely the easiest to understand. Because of the way you present it. With my limited knowledge, I do not know any other content creator who does that. Thanks a million for that.
That being said, you have explained NFT that even 5 years old would understand as I did. Lol.
What I do not understand is-would NFTs have real-world value in future years, considering it's a "digital asset" unlike "Monalisa" that has a real-world value and physical existence.
Is there any other use cases for NFTs or might there be more use cases in future? Or will it be just limited to GIFs. TIA
Thank you, have been watching your channel for couple of weeks ago and it's really make sense and it really help me through..
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I've searched for this info for so long n now I have it easily explained. Thanks a lot. Keep growing 💗💗
Glad we could help!
Can someone break this down for me please? I still have no idea what an NFT is or what it's purpose is..
It is the digital world of buying rare stuff for either investing or because you are a fan of that stuff. Think of real world examples. This year, Messi cried into a handkerchief. That went on sale because there is a whole world of rabid Lionel Messi fans. The person who purchased the handkerchief will either sell it at s later date for a profit or keep it as a souvenir. The NFTs are the digital examples.
@@brianvarga9768 I get the idea of buying a real world item, for investment or entertainment purposes.. But what value does anything online hold when anyone can reproduce it and copy it at will.. Wouldn't the value just drop on that fact alone?
If someone doesn't want their art replicated or copied online.. Wouldn't it be easier to just not put it online??
@@bradvestby I think NFTs are supposed to work in conjuction with things like verasity (another blockchain tech). I believe it acts like a watermark, proof of purchase. I'm not an expert on it, so take that as "I only read about it."
Great video. Easy to understand, thank you !!
Hey, you should check out the new DUNKs NFT metaverse, the team seems to be doing a lot of marketing now and they seem to be doing what they say they will do...
Best explanation on NFTs I have seen yet
Great videos you make, good explanations 👍👏👏👏👏
ABSOLUTELY amazing. And I am totally clueless and this explanation HELPED soo so much!
Nice and clear 👌 thank you for the breakdown.
Your explanations are awesome 👌
So great you've completely validated my idea for an NFT ❤️🙏
bro this channel is out of this world congrats🚀🚀🚀🚀
Fantastic video. Much appreciated!
Great video and very informative. Thank you.
I understood more about NFT after watching this video. Thanks!
This video explains NFT better than anything I've seen so far. Thanx for the video.
If this is a one or even a 3 person show - This is top quality!
Edit - Wow the free throw example tho? Impressive
Thank you for giving the best information .
Keep up providing more great content like this!
It will be great if you follow DUNKs, they are doing a lot of marketing and working hard to complete their goals.
Great explanation! Thanks for the awesome video
Confusion cleared! Thanks
Bro , thank u alot ! I learned alot about crypto, nfts and web3 in one week just by watching ur videos .
Hope ur channel grow more and more !!
Hey, you should check out the new DUNKs NFT metaverse, the team seems to be doing a lot of marketing now and they seem to be doing what they say they will do...
Started on 9th September and it’s been amazing 🤩
Man I actually learned something. Thank You
Suggestion: Would be great to make another video on NFTs and some of the the terminology, like what does it mean to mint, and pre-reveal, reveal, to be whitelisted...the process that comes with NFT. You explain it really well so it's understood easily.
Hey, you should check out the new DUNKs NFT metaverse, the team seems to be doing a lot of marketing now and they seem to be doing what they say they will do...
I really love your videos. They are very interesting and easy to understand. I hope you make more.
Thank you for the nice comment Olicia! We plan on making a lot more! :)
DUNKs is where you guys want to be at right now, such a chill community with lots of fun events, amazing devs, insane marketing professionals, I’ve never seen this combination before.
Wow love this RUclips channel so educational
Keep up the educational videos they’re huge
Thank you, your video’s are amazing!
@whiteboard, you guys are super! I loved your videos! Keep up and Cheers!
you are fantastic man. you should get more views
Huge applause. Thank you very much for such an explanation!
I don't get it! So does the NFT hold a crypto value that can be cashed out?
@@punnymoney3692 nft is like an art mate. It has value, if people will give value to it. But nft can have other benefits too. If you hold nft of a singer, you can have discount on a ticket, or you can have access to a backstage. It is easy to prove, that you are owner of nft, so it's easy to do such a things...
@@Vraellko does it cash out though? Does it hold a crypto value?
Hey, you should check out the new DUNKs NFT metaverse, the team seems to be doing a lot of marketing now and they seem to be doing what they say they will do...
Love your content. Kindly make a video on iNFTS as well
Thank you beyond words!! I am a visual learner and I have been referred by friends to explain what is Cryptocurrency in general and the lot of everything! Your videos are excellent! 🥰 I can refer the entire Nursing Community we needed this video !
I really enjoy your video content.
Thank you!
Still not sure I 'get' NFTs, but appreciate this nonetheless.
Following & sharing ^_^
thanks for this valuable info
My friend has been trying to get me involved in Crypto for "4" years. I couldn't understand the sh** because I'm such a visual person. ALso more so because I'm a hands on learner as well. Needless to say, this video is HIGHLY informative. Thanks! I subscribed for sure.
you save my life! You make everything clear.
I really love your videos. They are very interesting and easy to understand. I hope you can make a video about Listen Token, holders access to exclusive social impact NFTs from the world’s greatest actors, musicians and etc. Wanted to learn more about this.
NFT clarity on point ! So clear grateful!
Great work! Keep it up!
This chanell is pure treasure! I've been searching for cryptocurrency educational videos, and thou this one was was way belong the bunch of others, still has justified my searching. Definitely supscribing and gonna watch all the following ones. Info representation is so intense and clear, just what I needed. Keep it up!👍
what kind of software you are using mate? i love your videos.
Thank you! subscribed.
DUNKs is where you guys want to be at right now, such a chill community with lots of fun events, amazing devs, insane marketing professionals, I’ve never seen this combination before.
beast mode,
simple, yet much more to know
v interested
Great explanation!
Love the channel guys. Keep up the good work & thank you!
Hey, you should check out the new DUNKs NFT metaverse, the team seems to be doing a lot of marketing now and they seem to be doing what they say they will do...
This channel is the red pill of the Crypto world! Keep up the great job!
Need a video on Dynamic NFTs as well
Ok, I am gonna watch every single crypto video of yours. Thanks!!
Great content. The minute you said Robert Downey Jr., I realized your voice sounds like Tom Holland😎
Thanks for sharing
Love the video. You can actually use cash for an nba topshot. No ethereum needed.
Hay are you planning on doing a how it works video for Unification buy any chance I'd love to see that 🙏🏻
Thank u, now i understand better
New sub here 👍 thank you for this video
excellent presentation
Simple and accurate 👌
Hello... Thanks a lot for the great videos! I have a doubt on the NFT asset. The smart contract will have a pointer to the NFT asset. How the NFT asset itself is not modified or changed by the owner in its physical location? How that part is handled by the blockchain? Request your thoughts, thank you.
Great exlpanation! 🍻
Simple explanation
Excellent explanation
I'm still having trouble understanding 😣
Thank you guys for your good work, I just have one doubt, does the entity controlling the database isn't a blockchain? and if it is, changing the piece of data wouldn't be like changing the ledger or the hash or something, I mean the nft's are immutable and you can verify it, am I right?
Hey, you should check out the new DUNKs NFT metaverse, the team seems to be doing a lot of marketing now and they seem to be doing what they say they will do...
Well done ✅