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You should do a quick review video on Minecraft mini series (yes that is the name of the series,it’s on RUclips and it’s about 10 people split into 5 teams who were kidnapped and forced into playing a survival game show)
There’s also a video from Coffeezilla that talks about how the bored apes may be an elaborate troll. By basically 4chan users hiding racism and Nazi imagery. Look it up it’s actually insane.
The worst thing to come out of NFTs was watching an artist who tragically died of cancer in her 20s have her artwork stolen and turned into NFTs because she was no longer alive to do anything about it.
Not defending NFTs in the slightest, but this is just bad actors being bad actors, and you shouldn't blame the tech. I'm sure many artists have legitimately had their physical art stolen after death before, it's just greedy people doing what they can for a quick buck. Like once a person dies, you can't really financially support that person, soo... what about movies that were written by somebody who is now dead, but the movie continues to make money for a large corporation? Is the money earned fine, because he's in the credits? What about people just downloading the images after the person died, is that just as immoral or not? Should we maybe hold the people paying for stolen art responsible, since the research is kinda their responsibility? Point being, I don't think this "came out" of NFTs, it just so happened to make good headlines. And look, the artist is remembered and credited, so clearly this wasn't the worst thing in the world. I'd imagine that there were way worse ones that never got caught. And again, this is just grifters and scammers doing what they always do.
@Yohoat there's a difference with a Hollywood contract, permission to use art, and straight up theft. Doesn't matter if the artist is dead or not the new owners of their art have say in it and if the artist died without rehomeing their art then it's theft. Just because they died doest make it free real-estate. AI art is in the same category but in a different way slightly, and has stolen art from many people, so it too isn't exempt from my point either. Internet or not all it takes is 1 person to sue for someone and holding the other person accountable. REAL ARTISTS care about each other and get inspiration from others art, not steal their art because it "inspired them to copy it" there's a good and bad of the art world and its not hard to tell the difference.
That one tweet that said "It was easy to say that NFTs were a scam in hindsight, but also at the beginning and in the middle too" was the must succinctly I've seen this ridiculous fad summed up
@@KaiserMazoku People who think about buying NFTS really have the brain the size of a grain of sand. They are just paintings but instead digital and worse
@@sanstheskeleton8104 still wondering why people spent money for pictures of ugly looking chimpanzee, like if picture of much pleasant looking cartoon chimps never existed
I bought a cool reddit avatar for 10$ not knowing it was even an NFT and than someone offered me 600 bucks for it and I was like "take it buddy". That was the extent of my participation in that stupidity. I looked it up like a year later and it was worth like 12 bucks 😂😂
It was definitely kept alive a lot longer than it naturally should've been. The dumbasses who put 500k into this couldn't afford for this to die. So they put more money, energy, and hype into it.
@@Poppa_appaa bayc member who was a victim of a hack and had all of his apes stolen tweeted that phrase, and it then went viral enough to become an nft of its own
As someone who's dad CONSTANTLY tried to make me turn all my OC's into NFT's (I'm an indie game dev), the fall OF NFT's will never cease to give me endless joy :)
My brother was trying SO hard to get me into NFTs and the Metaverse because I'm an artist. The downfall has given me powerful "I told you so" ammunition :D
@@AbramSF Let me clarify - I could have made a gorillion dollars but the embarrassment of being associated with NFTs post-2022 would never have been worth it.
And to add on to that. Not only you personally may not lose the money doesn't mean you don't have people who want your freaking head on a pike for taking their money by selling them ntfs. Afterall people would be asking for there money back So glad you didn't fall for temptation and stay true to what you really are. A artist not a greedy scumbag
That abram guy sound like typical nft bro back then would do to excuse the scummy part and forgetting the consequences of it afterwards where bunch of angry people wanting you dead for taking their money
Honestly, you want to ask some of these guys, "how can you not see this is a scam? Are you blind?!" And these guys were like "let's make that true for 1 day"
The funniest part of NFTs is that no one understood what they were. People, sellers, buyers and everyone else, thought the NFT was the image, but the image is more like a receipt for whatever blockchain someone bought into. The art in and of itself was worthless. So people didn't understand that when they bought the NFT, they were putting money into a very volatile blockchain that could go under at any moment, which most of them did. So their little picture is now worthless, but at least they have proof of their bad investment.
Yeah... Someone tried to get me into NFTs when they were still popular and described the whole blockchain thing as buying a seat basically, they did legitimately admit that it was paramount to buying literal air and saw no issues with that statement, like... Air... Is free. We do not pay to breath so they were always a scam, some people just couldn't see it or refused to see it, but in their defense there was nothing there to see. Crypto itself is a cell block in a code, a glorified placeholder and you don't own the value itself, just the temporary right to hold onto it for a while. Real brainless if ya ask me, but when are scams not designed to prey specifically on the ignorant or cognitively challenged? I see this as no different and most of the people buying into it are victims, just sad how they can so easily turn around and become the scammers preying on others in turn in a downhill race to the bottom before it all crashes and burns
@@bjornskividsA cell with a link to the image hosted elsewhere, at that. Or in other words, vulnerable to linkrot, nothing to prevent other cells being made that point to the same thing, and generally just dumb. They bought a piece of paper with a link scribbled onto it.
People also hated NFTs due to energy cost. Ethereum at one point used as much energy as the entire country Uzbekistan. It's decreased significantly since then, but they still use a lot of energy for something that has no use or purpose.
The whole UV light/blindness incident just feel like the most NFT-bro thing that could've happened: Buy low, sell high!! "We need to light this entire convention center! Let's buy these bulk discount medical UV lights. Also, YOU should by this $800 t-shirt!"
They were supposed to be black lights, which do look similar, but UV lights are no joke and as the name suggests will give an intense sunburn if you are standing close to them. Needless to say it's so much worse if you are looking at them for a few hours. The short term problems should recover soon but likely they did some serious long term damage too.
@@brayachdragonbane7529thats the most crypto bro response ever. At least the US economy has the entire military industrial complex behind it as its backing
The US dollar was backed by gold, and still is. It wasn’t until we started printing way too much without getting more gold to back it. But the US dollar still has infinite more backing than something that doesn’t even exist
@@M50A1 you say that, but ive been against the concept of crypto since its inception, i was making a joke about the pot calling the kettle black... simply put because USD has no actual 'value' as it represents no actual backing, "in god we trust this debt to be settled" is on the money for a reason. like you said its enforced by the largest MIC in the world, so few people will ever say no to it, despite it not having any PHYSICAL value. its perceived semi stable, as opposed to the joke that is speculative value crypto relies on.
Regardless of success or failure, we all need to appreciate that NFT's created one of the most wonderfully absurd situations every. Seth Green was making an NFT show for Adult Swim when the main character was 'stolen' and the showrunners had to pay to get the NFT back. An animated character was kidnapped and the producers had to pay ransom. That is some Who Framed Roger Rabbit shit.
The way this happened feels very similar to the whole Beanie Baby thing. It’s kinda uncanny. “This’ll be worth money bc it’s rare, and someday it’ll be bought and I’ll be rich! I’ll collect a bunch!” Things are only worth money if someone ELSE is willing to pay it. If nobody wants to buy your extra special 1/1 item, then it’s literally worth nothing.
And they were buying them to sell them again: someone would have to want to KEEP the item at the end of the chain in order for money to truly be made. But nobody was buying them for the product, they bought them betting that someone ELSE would buy the product, and then profit. Everyone is selling, products from groups/brands keep launching, but the consumers weren’t BUYING from each other, and it all falls apart
Investment bubble. That's what all of this is. It happened in the retro gaming market too. However in that case, it was outsiders swooping in, buying everything up and expecting to sell them at hefty markups. I wasn't looking to buy anything back then but I hear it was hell if you were a collector/enthusiast. There was also an auction company and grading company (company you send something into and they certify the condition of the item) who were in cahoots and trying to sell shit for insane prices. That million dollar Mario game you may have heard about? Yeah that was them. Absolutely not worth a million dollars, except to some idiot willing to pay that much. They were taken down and the bubble popped so the market has stabilized thank God but yeah, that's why it sounds so familiar. It happens in tons of different markets.
@@PointsofDataIt's sad that everything people enjoy is now being ruined by hordes of profit seeking leeches. Can't just be a casual collector, you gotta fight for your hobby and be willing to risk financial ruin now. And of course, hilariously, that ruins the hobby for everyone and as a result the items lose value.
@fishbiter9409 Nah. Once the bubble pops the investors leave (hopefully at a loss) and the collectors are buying and selling at mostly expected prices again. Like I said, the market is now stable, which means prices have fallen back down to around what they were before (not withstanding factors like inflation.) And you don'f need to risk financial ruin; just wait it out. Collector items will never lose value unless no one wants to collect them. And retro games are nowhere near "no one wants to collect them" status. The vast majority are still playable, and many people right now are in that stage of life where they want to revisit their childhood or revisit what they never got to experience (emulators are possible but some prefer the real hardware if they can afford it.). Beanie Baby collecting is also still going for the record, the prices are just more like tens of dollars instead of hundreds of thousands for most. Stuff like NFTs tho...there's no nostalgia. There's nothing you'd want to go back and experience. There's no other uses for them, except MAYBE events that pale in comparison to far less expensive cons/concerts and the vague hope you'll get rich. Although honestly, same thought for "you don't need to risk financial ruin" applies here...just wait it out and you can get a funny monkey for hundreds of dollars instead of millions lmfao. But that implies someone is a collector, not an investor.
“Oh my god! The bros were wrong! It was shit all along! They finally killed the monkeys” “Yes, we finally killed the monkeys.” “Yes they finally killed the monkey NFTs!”
You forgot about good old fashioned money laundering and tax evasion. NFTs took off because the galleries closed. Galleries reopen and a need for virtual artwork fades away.
Meh the gallerias don't matter for the people actually writing art off on their taxes they already have the directors of the gallerias on speed dial the pandemic didn't make any real art loose value it just significantly slowed how much they appreciated in value until the public could gawk at them again the nft thing legitimately seems like a pyramid scheme meant to try and lure the average person into the same kinda money laundering and tax evasion that the rich have always enjoyed, even got rich people to buy into it to make it feel authentic and real then like any good scam they pulled the plug and ran off with the money before everyone realized they bought something that could be stolen as easily as taking a screen shot leaving everyone who bought into it with completely worthless JPEGs
Out of my sheer stupidity i tried to make a transaction with a bored ape fun by sending him ( asked for that sum) a 800.000 dollar bill to give me his NFT.....he got fucking PISSED OFF...... I was like, Dude calm down, i have several nft's by pressing print screen and using ms paint and you actually fucking paid for this crap, i don't know who is dumber here, me for thinking this entire bored ape yacht NFT thing is a troll move from a company that people found it funny and continued it or you who actually paid real actual money for something like this. I think by pressing PrintScreen and then ediitng the picture at mspaint i gave more effort than the guy who made it and the sold you this garbage....He replied that my dad is a whore and blocked me from everything at twitter
I saw this as a scam from the outset: as in what was being sold was NOT the image, but the REGISTRATION for the image: Which is like going shopping at a store, throwing away what you've bought, and taking home the store receipt. And starving to death because you threw away the food you bought: unless of course you can survive by eating store receipts.
It's like that one old scam where people were sold hypothetical plots on the moon or stars in the sky; obviously, those 'deeds', issued by some dubious private company, carried no actual authority or enforcement in any capacity. Much like NFTs, being simply receipts/links to the image, have zero authority or enforcement on who can actually possess the image file that anybody can right-click and save.
Is honestly really weird how NFTs even became a thing Like seriously i can't be the only person that just sees something stupid on the internet and just think "oh yeah thats dumb, its gonna die in a few weeks" then immediately moves on
I am really disappointed the way NFTs were used for scam stuff like this and killed the use of what they actually could be. Online tickets that could be transferred to other people.
@@AbramSF Transferable online tickets can be done without NFTs. NFTs just add unnecessary cost to the process. Every possible use of NFTs that I've every read is either possible without using NFTs or not something that most people actually want, or both.
Because its basically a get rich quick scheme, at its finest of do nothing to minimal effort and get money because you've convinced others nothing has a value greater than 0.
The message at the end I 100% stand by. I went to a comic convention is cosplay, I found some random people also cosplaying from the same series. Instant friends. I didn't have to pay them, just had to buy a £23 con ticket lol
it’s always fun to witness a downfall, even the sad and bitter end of someone or something you once admired. bored ape yacht club is clearly not one of those things to me so i’ve got a big bucket of popcorn and an equally sizable grin
Why did you ever care to begin with? My thoughts since 2022 on NFT's have been "who gives a flying f**k, especially when the Atlantic ocean nearly brought to a boil just off Florida last year?".
@@Reshumbox i didn’t. that’s what made it even funnier for me when the people who did all turned away from ‘em. i just thought the whole thing was kinda stupid
the fact that NFTs are just adoptable characters for rich people is so goddamn funny to me... girls we were doing this on deviantart back in middle school. where's my million dollars
I'm still around the adopt community and people can make a lot of good money off of it with their own rules for designs. Same with there being giant communities and prices based on how unique the design is and stuff. I've sold and bought adopts for good money. So it was strange seeing all this with NFTs and how it just felt... worse somehow. It didn't feel fun. I guess because it was all about the money, not supporting artists whose designs you liked or wanting to join their roleplay community, where your design could be drawn with dozens of other characters through active participation.
It's crazy how it feels like not even a year ago NFTs were inescapable and now they're near obsolete. So relieving NFTs and crypto craze didn't end up being 'the future' as it claimed to be.
Crypto is a great idea, but the way it was done didnt help. Having a currency not able to be managed and adjusted by a federal government is a great thing, it allows for the currency to keep its value without the issues of inflation, overspending, relying on a governments standing in the realm of global politics, and the fed trying to print more money to solve debt issues.
I was an illustrator on YUGAs Dookey Dash! Hearing you confused as to how it looks 'exquisite' makes my day 24:18 . Many of us on the team dont really care for BAYC but we really enjoyed the project cause our ADs pitched a cool style.
Out of curiosity did anyone in charge of Yuga ever reference the origin of their company name or the logo for BAYC? Or was it just an in-joke they weren't open about?
I first learned about Pudgy Penguins while browsing the toy section at Walmart. I initially assumed it was merch for an upcoming Club Penguin replacement. After learning what the concept behind them really was, my disappointment was immeasurable and my day was ruined.
They’re literally called Non Fungible Tokens It’s a fancy way of saying “pay us enough money to put a down payment on a house or car, for absolutely fuck all in return”
If you think NFTs are literally only about digital art then you don't know anything about Blockchain in general. Literally this technology has a lot more practical uses than the dumb digital art work ownership. The maker of this video has no idea what he's talking about.
I was on a walk with my dog a while back and I overheard some guy talking to a girl about NFTs. He was talking about how cool it is to buy a portion of one and the girl was just completely silent the whole time. I had to let them pass me on the trail so I could store that memory in my head properly
Don't forget some of these crypto bros tried to create a dating app based on this bullshit. Turns out, it was a sausage fest and shut down. Immediately.
@@tysondennis1016nah women have it easy and don't need to assume risk or have pressure to make money and be successful, that's the valuation criteria for men typically Women just have to be attractive, good at sex and not too insane (last part they always fail)
Can't believe you actually mentioned Miladys - I had a friend who worked on that project, and got suckered into the Crypto grift that way as an artist. They are INCREDIBLY scummy - my friend was lovebombed and pressured so badly, he thought the admins had his devices bugged and would come after him and his family if he tried to back out... which lead to him publicly taking his life in October '22, only months before the NFT bubble burst. It was tragic, devastating, and permanently turned me against the Crypto community. Miladys are a destructive cult, and I hope their leaders rot in prison.
I am so incredibly sorry about your friend ❤ your comment led me down a rabbathole and yeas there are people involved that are beyond scummy. I am sorry your friend got roped into this.
Sadly people still think NFTs are a thing, there was a report about how when Pokemon first introduce their upcoming TCG game Pokemon TCG Pocket, the first question out of IGN's mouths were "Will there be NFTs in this game". Pokemon quickly dismiss that answer and basically said "f no please shut up"
That’s part of the thing that was so funny. You had TV companies turning down Seth Green’s newest TV project because it was so reliant on NFTs, and they knew everyone hated them and wanted nothing to do with them. Meanwhile, you had square Enix still believing that they were the future and constantly pushed them.
Obligatory reminder Madonna the "Material Girl" fell for the NFT scam. Crypto bros/NFT bros, influencers, and even celebrities, we all love seeing fools with too much money quickly parted from it.😌🙏
@@helloolleh_dis ngl, I saw your comment and it filled me with dread, thinking somehow Chowder got on the NFT bandwagon, but thankfully you were just talking about Fleedle's pfp, phew
But a LOT of these people didn’t live through the Beanie Babies boom. I’m in my 40s, which feels halfway ancient in social media terms, and I was an early teen when Beanies started. I will never forget the couple dividing them in court though. As a divorce attorney, that madness is the stuff of legend. 😂
This and ai are the perfect way to show these tech bros don't understand art or care in the slightest. The entire point of art is to show someone's individualality, and these are literal duplicates mimicking something and stripping it of all of the actual creativity.
better yet another flipside of the art coin is to also invest into a persons skills who you want to see succeed. With AI that completely goes away because people can just generate something within a few degrees of region for free.
Dan Olson from Folding Ideas put it best when he called Decentraland a child's form of governance and people have added that NFTs and memestocks are a child's form of finance and AI generated images are a child's form of an art movement. Children who spend too much time on video games and want the world to work like that.
But money! Jokes aside, it was the biggest case of only seeing art as a path to money. Most of the "Web 3" crypto and NFT stuff was seeing artistic vision as something they'd need to deliver eventually, not the start of the creative process.
The point of art is to be a means of wealthy people to launder money and to dodge taxes. How else do you explain that a cabinet full of neatly stacked boxes of pills can cost millions of dollars.
It would be more accurate at this point to describe Bored Apes as apathetic rather than bored. Their downward spiral towards irrelevancy has been one of the most entertaining trainwrecks I've observed in a long while and all they will feel or say about it is nothing.
I think the reason people went all in on nfts like that is because we all heard stories of people who ignored stuff like the internet because they didn't think it would go anywhere and lost out on getting in early on an utterly massive thing. And some people are deathly afraid of making that same mistake.
I see how viewing it like Bitcoin (or Doge) could give someone the idea that it's good to get involved, but at some point you've got to realize you've missed the ride. They say "if I had invested $100 in Bitcoin back in 2011 I'd have a hundred million dollars." And fair enough. But it's not going to go up another million times in value. Same thing here. If people are spending millions of dollars on these things, you'd think at some point people would realize that there isn't that much further up to go.
@@thewhitefalcon8539 At some point the value becomes greater than the wealth of the entire planet. Unless space aliens are going to start accepting it, at some point you reach a cap.
Part of me wants to empathize with people that lost their shirt on the whole NFT side of things... They're still people at the end of the day. Garbage and greedy people, but people no less. Then I remember how insufferable NFT bros are and that they probably jumped ship to go into AI "art" as their next shameless cash grab. Your jpegs were never valuable, tech bros. Eat your heart out.
@@brayachdragonbane7529 Oh, for sure. I never said they were good people, just that they were people. And of course, people can absolutely be monsters who don't deserve an iota of pity or empathy.
@@Just_a_commentersaying they're still people as a point of empathy implies positivity. just a passing thought; stupid should be punished. (this is not to say that Ignorance should be punished, ignorance is correctable, stupidity by definition is not)
Don't forget that the poop game got hacked instantly because, iirc, BAYC didn't have any sort of protection and just left all the information you needed to hack it in easily accessible plain text. So people just made bots that knew what seed was generated and played perfectly, and BAYC had to ban the nfts of anyone who's score was suspicious (because the entry ticket nft doubled as the account itself) And then they had a problem with people selling the banned account nfts
the "you own the copyright to it" part always baffled me cus like, if every variation is its own nft does that mean if you actually wnated to use that nft in something the character could fo example never clothes or even expressions cus thats a whole different nft
That's right! How are these TV shows going to work when they can't change ecpressions for fear of becoming another, different NFT?! I bet with enough of them, we would have two NFTs which hit the exact same variables except for happy vs angry expressions
They also got the rights to the image, and as Disney can tell you, the rights are usually the most valuable part. But as Amazon can attest, spending more on rights than they're worth can be financially very painful.
@@Bacteriophagebs didn’t courts rule that because the images were ai assembled that board apes didn’t have protected rights on the images so anyone could’ve used them
@Wary_Of_Extremes reminds me of that Who Framed Roger Rabbit game that, if I remember correctly, was made for the NES. You had to call a real-life phone number to get an answer to a puzzle. The phone line stopped being supported after 2 years of the game being released, making that section essentially impossible without a walk through.
You know what, Saber? You had me in the first half, but then I got to the part about the NFT poop game and I... had to pause for a minute. WHAT. THE. FUCK.
The whole concept where the game is about pulling the key out of a dead monkeys ass unsettled me so deeply that I need to watch something to make me forget, and it earned 450. Million.
So if anyone is wondering what happened with nfts, in America we have a huge tax Dodge where you can buy art like paintings and stuff and then donated from massive tax write off. The federal government and the IRS closed by loophole and the rich tried to use nfts to maneuver through it The IRS ruled that nfts were just like a painting or any other piece of art and so they didn't evade the taxes. As soon as that happened nfts became worthless
I'm a little concerned with how many likes this has gotten, but, don't you need to cite a few sources? not that I'm a reliable source either but I've watched only a few videos about nfts, and while I clearly don't know who or what people specifically were involved in all that, I don't ever remember anything about people trying to move money through nfts like that but if I'm wrong in doubting you, please, prove me wrong with a source /gen
One big point he forgot to mention, is that if a company plummets all assets can be sold off to it's share holders, while as a nft has no assets to be sold off and has no value
Uh, well, that's known as the "Cambridge Capital Controversy" in economics and the irony is that most modern corporations are worth a LOT more than the "bricks and mortar" "assets" they own... it's all in the intangibles like intellectual property and goodwill. But that's a topic way beyond the comments section of a random YT video.
a well known fact about supposed celebrity involvement in nfts. every celebrity seen shilling for nfts turned up to be signed to the same management agency. they were clearly forced to do it
The best thing about Bored Ape Yacht Club was everyone in the Fighting Game Community memeing Ken from Street Fighter being scammed by the apes and losing his wife and son
My aunt was talking to me about wanting to make an nft with dragons. Then she showed me a picture of one of the dragons. I asked her "why do an nft? You art level is way above that. You could do work as someone who does cover art for books? You could do so much more with your talent. Dont waste it on that nft crypto bs." She got a little upset with me. I told her that i loved her and that i had something else to do that day, gave her and my cousin a hug and left.
@@PigeonLord I'll take that future over a bunch of woke infiltrators ruining actual art that already exists. Look at what JelloApocalypse did to the anime Lovely Complex, for example. I wouldn't exactly call such people "creatives" or "artists." Why should I care about people that only cared about virtue signaling?
I think my favorite tweet I ever saw about these NFT's was a guy named IAmTheCarl who basically merged several thousand bored apes and posted the result. It made it apparent how utterly samey these particular NFT's were.
if your mad about ai stealing your art, do something ai could never do: instill fear. draw the person getting railed by your oc. draw them pregnant. ai might be able to recreate the lines and colors, but they will never be able to recreate the revenge you feel. remember that as an artist you can draw ANYTHING. realize that power.
@@SuperSmashDolls no, it isn't isn't because that's not how copyright and trademarks work. A mildly superficial similarity in name for two products that are in completely categories and have absolutely nothing to do with each other does not give legal precedent for a lawsuit and would be immediately thrown out if either party tried. BAYC would fail because Yacht Club Games precedes it. Yacht Club Games would fail because the NFT scam isn't pretending to be them nor do they imply they're in any way related.
All the NFT bros moved onto AI art and they make the exact same arguments. They always say things like “Afraid of technology bro?!” Whenever you criticize anything.
That was such a great point in the folding ideas NFT video, any negativity is immediately called fear uncertainty and doubt and those people are actually kicked out of the groups.
@@LendriMujinaDefinitely watch Philion's video. A lot of the imagery and symbols used in various promotions and even rhe NFTs themselves are ripped the nazis and racist parts of history. The creators are basically just edgy idiots from "that side" of 4chan
Clicking onto this video, I got ads for robinhood selling a new nft wallet as part of their partnership with a "fine art NFT platform" where they're giving away free "exclusive" nft's. The nft bros are still trying
My dad asked me about NFTs. I told him you don’t actually own the rights to the art. He argued with me. Good thing he did not have the ability to buy any.
The "Right Click -> Save As ->" and "Feel free to screenshot" jokes are the only things I'd miss about NFTs. I'm so glad that these things are pretty much all but dead now. ... And then you turn around and AI art.
I'm surprised that you showed the BAYC logo without going into its similarities with logos used by infamous historical groups that youtube doesn't like being named directly.
@@klickonthat5244 it's an old n@zi dogwhistle referring to the Kali Yuga. Alone it wouldn't mean much but paired with the blatant SS logo it's a pretty straightforward connection.
BAYC frankly did not help the view of NFTs. A lot of people were turned off by their lazy or even ugly designs. A lot of us want our pfps and avatars to look good… not look ugly and make our eyes bleed. There’s a huge discontent between cryptobros who only care about how expensive something is and not how it looks, and people like us who care about what something looks like I spent $50 on a custom made brass dragon avatar to show I love dragons. That art I commissioned was tailored to my specifications, and actually looks good when compared to the randomly generated eyesore ape NFTs There was also the fact people don’t actually like digital scarcity, and see it as a bad thing and not something to celebrate. The ideal metaverse should let us buy a shirt for our avatar cause it looks good, rather then being sold out by millionaires who don’t care. I would be devastated as someone obsessed with dragons if a VRChat dragon avatar wasn’t available to me because some millionaire who doesn’t even care about dragons bought it I would be devastated if I was never able to get the Hybrid skin in Fortnite because it was an NFT that costed a million dollars and some millionaire who again, doesn’t actually care about dragons, bought it The lack of scarcity on the internet is a positive thing, not something that needs to be “fixed”
Legal Eagle did a great video explaining the problem with NFTs from a purely legal perspective. The biggest problem in terms of how it would work for artists is the fact that you aren't transferring any sort of rights to an image or creative work, basically just buying the rights to a hyperlink to that image. But more importantly, a lot of NFTs sold didn't necessarily have the rights to those images either. So in the end it you weren't really buying anything which was legally enforceable as being yours.
What's funny to me is how everyone was on about the JPEGs being worth a bunch when NFTs are actually just the code, the code pointing to where the image is hosted which means that at any time that JPEG could be changed
If you are scared of AI taking your Job, you are being a tad bit too hysterical. You should stop buying in to irrational fear mongering and come to your senses, and learn how to use AI as a tool in your process. Or do you genuinely believe painter as a job went away when photography was invented in 1829? And that 2D animation hasn't seen the light of day since 'Reebot' started airing back in 1993?
@@garrtoons4303 I might have read your comment wrong... Oops. My apologies, I thought you meant that hope of AI dying is possible since NFTs now are dead. I truly am sorry for my misinterpretation. 😓
I remember, one year, I went to this business expo and one of the panels was talking about nft and how it’ll revolutionize Advertising. It’ll probably be the only time I spoke up and questioned someone who probably has a degree in marketing. And he reassured us it was going to work and all the advertising bs that came with it. In the end a lot the company there fell for that crap and is feeling the burn.
As an artist, I have to haggle and defend my art when people say its not worth the price or try to ask for free art. But people drop thousands on this butt ass ugly thing. The game of life is rigged.
Let those assholes purchase trash. Those who actually value your time will savor your art. I promise you that. Just a matter of finding or making a community that supports you.
@@IkutoH That's true! Even in this seemingly hopeless rise of AI taking away artists, there's still a lot of people supporting real artists. There's still a community, not a small one at that. Even the most niche thing, there's a community, let alone something as big as art. Keep going, there's always gonna be people supporting
The best part of bored apes was Seth Green saying how secure and awesome it was, before developing a show idea for it, and crying endlessly about having his secure IP stolen from him by some hacker 😂
I remember 2 years ago arguing with some of my UPS coworkers about how dumb NFT’s are, while they tried to convince me otherwise. 😂 I someone wonder how they are doing.
i'm pretty sure we all knew bored ape yacht club was* going to die pretty fast, but its still so so funny to see saberspark release this video with the knowledge that the people behind bored ape yacht HATED saber's guts. saberspark wins again
This whole video was basically an excuse to straw-man people like me who use Ai in our Art Crafting, as Grifters, and insinuating that we are the same scum as Crypto-bros in the last 3 or so minutes. Who has a Narrative to push regarding AI again? Folks like me, who hasn't put up any AI art for sale and don't really plan to. Or people who literally have refused to even entertain the possibility that their feelings regarding AI from 2022, might just be a bit out dated and silly to double down on at this point?
AI scares the living **** outta me, I am an aspiring graphic artist, novelist, screenwriter and I got projects in the works, and the thought of AI taking over is a genuine nightmare
I'm a writer, and it's the same here. Human art will always be more creative, but with a machine churning out slop faster and cheaper, combined with the huge corps not necessarily caring about quality, and an apathetic public, I am sweating bullets
I'm in the the same boat. Its disheartening to know that the thing you want to do more than anything could be done by a soulless machine in a few years, leaving you to either struggle onward or give up
@@HauntakuTV "Machine Learning Image Generators will never replace artists" is kind of a pointless truism, as it is only true on the cultural level. Many corporations have already started using these bots to replace their artists, customer service reps, and content creators. A whole lot of people have already lost their jobs, and many more are having an increasingly hard time finding entry-level jobs due to this crap.
The big problem with AI is that data IS the cost of entry. Of course, you can still pay for premium models, but for the most part, these projects have *no financial barrier whatsoever.* You’re not sinking any money into it, so it’s not like you’re losing anything, right? Not only do the companies get an endless supply of use cases and examples, but the consumers get an endless supply of the service. It’s an endless spiral that results in billionaires becoming trillionaires, and AI-generated schlock permeating the market.
The only nft people I respect are the ones that saw it would be a grift, got in early, and got out at peak with a huge bag. They played the game so well that I now get to laugh at thousands of morons who make far worse life choices than me.
Yep, like the girl from the meme "looking evil at the camera while fire burns a house". She made that pic into an NFT and sold it for 250,000 USD. But then she used that to pay for her college tuition. 💀
They weren't worth anything before it was just a money laundering scam that people tried to get in on and then lost substantial amount of money the new age South Sea Trading Company
'AI' will be the next driverless cars: It looks like it's close, but isn't actually good enough to do real work, and be abandoned as scammers move on to the next hot target.
Thats basically how speculative finance and scams work. When the wider public becomes aware its already on a downward spiral and all the money being touted as proof of success comes from early adopters cashing out
I remember a student selling pixels at a dollar each on a 1 megapixel banner. It went viral (long before that was a thing, this was 1999) and he actually made his 1 million dollars.
Thank you for pointing out the relation between NFTs and the current AI mindset. One major difference that wasn't mentioned though is how the fallout of AI will be so much more destructive than NFT, since businesses have heavily invested in it and will be expecting to see returns in just a few years - a people losing out cos of scams is bad, but big businesses crashing from these things (should the AI bubble pop, which I think it will) will do a lot more damage.
This is gonna sound bad, but I hope that happens. What scares me about AI, is not the extinction event everyone keeps talking about, but instead, AI and Machines taking over low income and untrained labor jobs. If you replaced 50% of a country's workforce with machines and other companies aren't hiring because machines are doing the work, how will you afford to live? If all the jobs that require humans are outside of the cities, what happens to the cities? What happens when we have more population than we have jobs to fill?
Nah, the big business will win because AI is a self loop that allows those who possess the better model to constantly improve on what could be done and the scammers and little people have no means of getting in due to their lack of GPU to run the latest model.
@@atbauchat Basically you transition the person to the over seer and free up that labor for new endeavors. Manual labor and repetitive simple tasks aren't using human labor effectively or efficiently. Plus it will long term be a net good, when treating humans as machines and outsourcing for cheaper labor isn't a viable solution to gaining a competitive advantage.
@atbauchat that bit happened some time ago. AI is coming for more lower middle class roles like artist and office worker, and that's why people are all of a sudden concerned about automation, when literally no-one gives a shit that UBER or justeat destroyed industries, or before that factory automation. It's incredibly fruatrating to see all these bourgeoisie complaints about automation now that it is starting to potentially affect them. It's like, yes. Well done. You've finally realised capitalism does not give a single shit about the people enmeshed in it's system. Would have been nice to have that support when the union system was being dismantled, or when techbros and disaster capitalists fucked car production, appropriated public resources etc. etc.
@@atbauchat if AI takes off and "machines are doing the work" it is simply going to move a step further in the production line. Doomer Talk likethat seems to me like the guy that warned of the industrilazation making manual weaving obsolete, or the car putting the horse out of a job. Did you know that 40 years ago "compiler" was a job instead of being done by your PC? How many jobs the PC made obsolete? Yet it created new jobs and shifted fields. You are an Accountant that can be replaced by big Models doing the sorting and classification? Then the company still needs you to take responisbility, verify the Output, compile the results, check on inconsistencies and catch errors. The human factor of experience, gauging, expertise and most importantly responsibility cannot be rationalized away. You are an Artist? Congratulations, Stable diffusion would never be able to simulate the aspect of including meaning and expression into the picture. Now low effort work would no longer be needed as AI is perfect in generating some promo material and splash artworks, yet specific Art itself will never be emulated. Unless drawing half naked anime style girls is your limit, it will take a very long time to get what you want. AI art is also the perfect supporter and COmpanion for Artists themself, as it is merely a multiplyer. Someone without artistic background and talent can do way less then someone who knows all that and uses Inpatining and Corrections via model correctly. Its an incredible timesave and improvement for artists, allowing them to express themself even better. Humanity itself will adapt and develop. AI also creates new jobs which we cant even predict from now, or do you think the people in the 60s were thinking of how Software Developer was a big new type of job?
If you want to hate Bored Apes even more. I recommend comparing their logo to the Totenkopf and looking up where "Yuga" got its name from, among other things.
Thanks to Factor75 for sponsoring today's video. Go to strms.net/factor75_saberspark and get 50% OFF your first Factor75 box + Free Wellness Shots for Life! Two free wellness shots per order with an active subscription!
Saber can you please do Top 10 WORST Disney Cartoons
You should do a quick review video on Minecraft mini series (yes that is the name of the series,it’s on RUclips and it’s about 10 people split into 5 teams who were kidnapped and forced into playing a survival game show)
25:35 Meteorocracy? lol
28:53
Awesome video!
You forgot to mention their attempt at making a Bored Ape dating app, which was closed down very quickly, because no women signed up for it 😅
There’s also a video from Coffeezilla that talks about how the bored apes may be an elaborate troll.
By basically 4chan users hiding racism and Nazi imagery.
Look it up it’s actually insane.
Not even AI women wanted to get on it
Should have kept as a bro hangout called "OMG There Were Roomates!"
My farts are better than Saberfart's farts.
Not even men signed up come ooonn think about gender equality here(joking obviously)
The worst thing to come out of NFTs was watching an artist who tragically died of cancer in her 20s have her artwork stolen and turned into NFTs because she was no longer alive to do anything about it.
Qinni? Because that's the story that made stop laughing at NFTs and start despising them.
@@MusiciansRule07 Correct.
i remember that. i like to point and laugh at NFTs and NFT bros as much as everyone else but that was unforgivably disgusting.
Not defending NFTs in the slightest, but this is just bad actors being bad actors, and you shouldn't blame the tech. I'm sure many artists have legitimately had their physical art stolen after death before, it's just greedy people doing what they can for a quick buck. Like once a person dies, you can't really financially support that person, soo... what about movies that were written by somebody who is now dead, but the movie continues to make money for a large corporation? Is the money earned fine, because he's in the credits? What about people just downloading the images after the person died, is that just as immoral or not? Should we maybe hold the people paying for stolen art responsible, since the research is kinda their responsibility?
Point being, I don't think this "came out" of NFTs, it just so happened to make good headlines. And look, the artist is remembered and credited, so clearly this wasn't the worst thing in the world. I'd imagine that there were way worse ones that never got caught. And again, this is just grifters and scammers doing what they always do.
@Yohoat there's a difference with a Hollywood contract, permission to use art, and straight up theft.
Doesn't matter if the artist is dead or not the new owners of their art have say in it and if the artist died without rehomeing their art then it's theft. Just because they died doest make it free real-estate.
AI art is in the same category but in a different way slightly, and has stolen art from many people, so it too isn't exempt from my point either. Internet or not all it takes is 1 person to sue for someone and holding the other person accountable. REAL ARTISTS care about each other and get inspiration from others art, not steal their art because it "inspired them to copy it" there's a good and bad of the art world and its not hard to tell the difference.
Most of these NFT projects were just ugly versions of these Flash avatar makers I used to play 15 years ago, it's absolutely not revolutionary.
My farts are better than Saberfart's farts.
Ikr? Dress up doll games were better than what NFTs had to offer. They looked more cohesive, at least
Hey! Don't you talk shit on the Ben 10 alien oc creator.
Not to mention picrews
It's just bad, overpriced picrew.
That one tweet that said "It was easy to say that NFTs were a scam in hindsight, but also at the beginning and in the middle too" was the must succinctly I've seen this ridiculous fad summed up
''Your arrogance blinds you'' - Chancellor Palpatine, Star Wars Episode 3.
I always said nft's was essentially tulip mania and beenie babies.
@@bigkirbyhj666 At least beanie babies have a use.
@@themightycongueror8383 yep being adorable
"If you don't know what an nft is, I don't want to be the one to saddle you with that knowledge"
Translation: I don't even know myself
It’s crazy yet so predictable how abruptly NFTs fell off.
cuz it's all about AI now
I don't get how some png you sell on the internet can even be worth a penny
@@KaiserMazokuMeaning… it was all a fad. And AI is simply the next one.
@@helloolleh_dis The trick is convincing some sucker that it's worth anything.
@@KaiserMazoku People who think about buying NFTS really have the brain the size of a grain of sand. They are just paintings but instead digital and worse
Sometimes I forget that NFTs were even a thing nowadays because now the annoying people have moved onto AI
AI is the new punching bag.
I often forget about NFTs too. Should tell you how little of an impact they actually had.
@@bearerofbadnews1375More like the new NFT.
At least AI is fun to mess around with
I enjoy using ai at my leisure, AI dungeon is fun, and chat gpt helps me with lore points. lol
Every time I feel stupid, I just remember how some people actually spent hundreds and thousands on a crappy randomly generated picrew jpg.
Pictures which can be screenshotted for free.
@@sanstheskeleton8104 still wondering why people spent money for pictures of ugly looking chimpanzee, like if picture of much pleasant looking cartoon chimps never existed
Omg 😂 i remember somebody getting sued for doin that to a celebrity nft @@sanstheskeleton8104
My farts are better than Saberfart's farts.
They spent their livelihood because "monke"
I bought a cool reddit avatar for 10$ not knowing it was even an NFT and than someone offered me 600 bucks for it and I was like "take it buddy". That was the extent of my participation in that stupidity. I looked it up like a year later and it was worth like 12 bucks 😂😂
Warren Buffett
Pfft, at least you got that bag
Sounds like you were the winner in this case! 👍👍
Oh look we've got a Tony Stark over here 🙄
Jk xD
Jelly? @@Vario69
NFTs are far too unstable to make an empire out of. I'm surprised Bored Ape stayed around for so long.
Unstable? You mean"useless", right?😂
It was definitely kept alive a lot longer than it naturally should've been. The dumbasses who put 500k into this couldn't afford for this to die. So they put more money, energy, and hype into it.
@@AB0BA_69
They are useless AND unstable
My farts are better than Saberfart's farts.
@@p-__my farts are betterer than p-___'s farts
"All my apes gone" will never *NOT* be funny
That still makes me laugh out loud every time.
Where is that from ? Lol
@@Poppa_appa a random Bored Yacht Club member, appropriately enough
@@Poppa_appaa bayc member who was a victim of a hack and had all of his apes stolen tweeted that phrase, and it then went viral enough to become an nft of its own
Also applies to Ken in SF6
Baby's first pyramid scheme
That is a perfect line. I hope you don’t mind I’ll be using it in the future. 😂
@@reeceford7640 go ahead lol
Nice comment
My farts are better than Saberfart's farts.
@@p-__WAT I JUST SAW YOU ON ANOTHER VID WATS HAPPENINGGG
As someone who's dad CONSTANTLY tried to make me turn all my OC's into NFT's (I'm an indie game dev), the fall OF NFT's will never cease to give me endless joy :)
Holy shit really? Forcing property that you own into NFTs? That doesn't surprise me, but that fact it was your father... that's awful.
@@Tavdogg11 There's a reason he's not part of my life anymore... and that wasn't it, but it's funny to think about lol
@@TheXtremeBoltGuy Damn. Glad you got him out of your life.
@@dissraps eat dirt
@@Tavdogg11his father wanted his son to actually profit from his own work, crazy right?
My brother was trying SO hard to get me into NFTs and the Metaverse because I'm an artist. The downfall has given me powerful "I told you so" ammunition :D
At least some good came of this mess
Dude the artists selling the NFTs didn’t lose money. All the people that lost money, were the ones buying.
@@AbramSF Let me clarify - I could have made a gorillion dollars but the embarrassment of being associated with NFTs post-2022 would never have been worth it.
And to add on to that. Not only you personally may not lose the money doesn't mean you don't have people who want your freaking head on a pike for taking their money by selling them ntfs. Afterall people would be asking for there money back
So glad you didn't fall for temptation and stay true to what you really are. A artist not a greedy scumbag
That abram guy sound like typical nft bro back then would do to excuse the scummy part and forgetting the consequences of it afterwards where bunch of angry people wanting you dead for taking their money
"only 1% of our attendees got snow blindness from our incompetence" AT AN INDOOR EVENT AT SEA LEVEL????????????????
The other 99% wear glasses or contacts that, like all modern glasses and contacts, block ~90% of UV. Or they just didn't stay very long.
Capitalism Breeds """Innovation"""...
Trash taking itself out, lol.
Honestly, you want to ask some of these guys, "how can you not see this is a scam? Are you blind?!"
And these guys were like "let's make that true for 1 day"
Well, I wouldn’t be surprised if they didn’t go blind. Those chimps give me eye damage without the UV.
The funniest part of NFTs is that no one understood what they were. People, sellers, buyers and everyone else, thought the NFT was the image, but the image is more like a receipt for whatever blockchain someone bought into. The art in and of itself was worthless. So people didn't understand that when they bought the NFT, they were putting money into a very volatile blockchain that could go under at any moment, which most of them did. So their little picture is now worthless, but at least they have proof of their bad investment.
They bought a cell in a spreadsheet. Nothing more
south park made a good resume about it
My farts are better than Saberfart's farts.
Yeah... Someone tried to get me into NFTs when they were still popular and described the whole blockchain thing as buying a seat basically, they did legitimately admit that it was paramount to buying literal air and saw no issues with that statement, like... Air... Is free. We do not pay to breath so they were always a scam, some people just couldn't see it or refused to see it, but in their defense there was nothing there to see. Crypto itself is a cell block in a code, a glorified placeholder and you don't own the value itself, just the temporary right to hold onto it for a while. Real brainless if ya ask me, but when are scams not designed to prey specifically on the ignorant or cognitively challenged? I see this as no different and most of the people buying into it are victims, just sad how they can so easily turn around and become the scammers preying on others in turn in a downhill race to the bottom before it all crashes and burns
@@bjornskividsA cell with a link to the image hosted elsewhere, at that.
Or in other words, vulnerable to linkrot, nothing to prevent other cells being made that point to the same thing, and generally just dumb.
They bought a piece of paper with a link scribbled onto it.
People also hated NFTs due to energy cost. Ethereum at one point used as much energy as the entire country Uzbekistan. It's decreased significantly since then, but they still use a lot of energy for something that has no use or purpose.
Oh yeah i renember that the government on a city shut down a mine because it was killing the grid.
dude eth doesn't work on proof of work anymore, better to study before commenting
Do you know what "at one time" means?
Found the cryptobro
AI, nfts replacement has a higher energy requirement though.
@@runforestrunfpv4354 but hey, it's atleast encouraging them to go use nuclear power nowadays
The whole UV light/blindness incident just feel like the most NFT-bro thing that could've happened: Buy low, sell high!!
"We need to light this entire convention center! Let's buy these bulk discount medical UV lights. Also, YOU should by this $800 t-shirt!"
Ironic, they spent millions on jpeg images that they themselves are unable to see
They were supposed to be black lights, which do look similar, but UV lights are no joke and as the name suggests will give an intense sunburn if you are standing close to them. Needless to say it's so much worse if you are looking at them for a few hours. The short term problems should recover soon but likely they did some serious long term damage too.
It’s almost like investing money into something with literally ZERO physical backing was always a scam
so the US economy!!!?
@@brayachdragonbane7529thats the most crypto bro response ever. At least the US economy has the entire military industrial complex behind it as its backing
The US dollar was backed by gold, and still is. It wasn’t until we started printing way too much without getting more gold to back it. But the US dollar still has infinite more backing than something that doesn’t even exist
@@M50A1 you say that, but ive been against the concept of crypto since its inception, i was making a joke about the pot calling the kettle black... simply put because USD has no actual 'value' as it represents no actual backing, "in god we trust this debt to be settled" is on the money for a reason. like you said its enforced by the largest MIC in the world, so few people will ever say no to it, despite it not having any PHYSICAL value. its perceived semi stable, as opposed to the joke that is speculative value crypto relies on.
@@brayachdragonbane7529 Understandable
Sotheby’s involved in a scam? The same auction house involved in price-fixing, money laundering and art smuggle? Who could have seen that coming?
Inconceivable!
@@CuppaLLXI don't think that means what you think it does
Regardless of success or failure, we all need to appreciate that NFT's created one of the most wonderfully absurd situations every. Seth Green was making an NFT show for Adult Swim when the main character was 'stolen' and the showrunners had to pay to get the NFT back. An animated character was kidnapped and the producers had to pay ransom.
That is some Who Framed Roger Rabbit shit.
I'm still waiting for him to release the first episode
WHAT💀 That's absurd and hilarious.
The fact that the whole incident was so public is hilarious. 😂
The way this happened feels very similar to the whole Beanie Baby thing. It’s kinda uncanny.
“This’ll be worth money bc it’s rare, and someday it’ll be bought and I’ll be rich! I’ll collect a bunch!”
Things are only worth money if someone ELSE is willing to pay it. If nobody wants to buy your extra special 1/1 item, then it’s literally worth nothing.
And they were buying them to sell them again: someone would have to want to KEEP the item at the end of the chain in order for money to truly be made. But nobody was buying them for the product, they bought them betting that someone ELSE would buy the product, and then profit. Everyone is selling, products from groups/brands keep launching, but the consumers weren’t BUYING from each other, and it all falls apart
Investment bubble. That's what all of this is. It happened in the retro gaming market too. However in that case, it was outsiders swooping in, buying everything up and expecting to sell them at hefty markups. I wasn't looking to buy anything back then but I hear it was hell if you were a collector/enthusiast. There was also an auction company and grading company (company you send something into and they certify the condition of the item) who were in cahoots and trying to sell shit for insane prices. That million dollar Mario game you may have heard about? Yeah that was them. Absolutely not worth a million dollars, except to some idiot willing to pay that much. They were taken down and the bubble popped so the market has stabilized thank God but yeah, that's why it sounds so familiar. It happens in tons of different markets.
At least Beanie Babies were a real thing.
@@PointsofDataIt's sad that everything people enjoy is now being ruined by hordes of profit seeking leeches. Can't just be a casual collector, you gotta fight for your hobby and be willing to risk financial ruin now. And of course, hilariously, that ruins the hobby for everyone and as a result the items lose value.
@fishbiter9409
Nah. Once the bubble pops the investors leave (hopefully at a loss) and the collectors are buying and selling at mostly expected prices again. Like I said, the market is now stable, which means prices have fallen back down to around what they were before (not withstanding factors like inflation.) And you don'f need to risk financial ruin; just wait it out. Collector items will never lose value unless no one wants to collect them. And retro games are nowhere near "no one wants to collect them" status. The vast majority are still playable, and many people right now are in that stage of life where they want to revisit their childhood or revisit what they never got to experience (emulators are possible but some prefer the real hardware if they can afford it.). Beanie Baby collecting is also still going for the record, the prices are just more like tens of dollars instead of hundreds of thousands for most. Stuff like NFTs tho...there's no nostalgia. There's nothing you'd want to go back and experience. There's no other uses for them, except MAYBE events that pale in comparison to far less expensive cons/concerts and the vague hope you'll get rich. Although honestly, same thought for "you don't need to risk financial ruin" applies here...just wait it out and you can get a funny monkey for hundreds of dollars instead of millions lmfao. But that implies someone is a collector, not an investor.
Remember everyone, owning a picture of a picture of an emerald mine, means you totally own that mine. Go get that bread.
Me printing out pics of gold bars
@@dubspoolThat's stupid!
I'm printing DIAMONDS!!!
ah, so THATS where the musk family's wealth comes from 😉
A link to a picture!
@@dylanstafford3414 Lol I'm printing netherite 💀
🎶"I Hate Every Yatch Ape I see
from Chimpan-a to Chimpan-z" 🎶
🗣🗣🗣🗣🗣🗣🗣🗣🔥🔥🔥🔥🔥🔥🔥
🎶🎵 Youll never make a monkey out of me🎵🎶
oh you'll never make a NFT out of meeee 🎶
“Oh my god! The bros were wrong! It was shit all along! They finally killed the monkeys”
“Yes, we finally killed the monkeys.”
“Yes they finally killed the monkey NFTs!”
@@primuffins
🎶Oh my god, They were wrong
They we're fungible, All Along!🎶
You forgot about good old fashioned money laundering and tax evasion. NFTs took off because the galleries closed. Galleries reopen and a need for virtual artwork fades away.
Meh the gallerias don't matter for the people actually writing art off on their taxes they already have the directors of the gallerias on speed dial the pandemic didn't make any real art loose value it just significantly slowed how much they appreciated in value until the public could gawk at them again the nft thing legitimately seems like a pyramid scheme meant to try and lure the average person into the same kinda money laundering and tax evasion that the rich have always enjoyed, even got rich people to buy into it to make it feel authentic and real then like any good scam they pulled the plug and ran off with the money before everyone realized they bought something that could be stolen as easily as taking a screen shot leaving everyone who bought into it with completely worthless JPEGs
The people involved were often people barred from all other sorts of securities trading. And the SEC was not looking at weird ape jpgs.
The fact that the ape yacht club has gone essentially under
While Saber Spark is still standing
That's poetic.
Like they ever had a change in the first Place
Saberfart will always prevail in the end
Out of my sheer stupidity i tried to make a transaction with a bored ape fun by sending him ( asked for that sum) a 800.000 dollar bill to give me his NFT.....he got fucking PISSED OFF...... I was like, Dude calm down, i have several nft's by pressing print screen and using ms paint and you actually fucking paid for this crap, i don't know who is dumber here, me for thinking this entire bored ape yacht NFT thing is a troll move from a company that people found it funny and continued it or you who actually paid real actual money for something like this. I think by pressing PrintScreen and then ediitng the picture at mspaint i gave more effort than the guy who made it and the sold you this garbage....He replied that my dad is a whore and blocked me from everything at twitter
All hail saberfart
saberfart always wins
I saw this as a scam from the outset: as in what was being sold was NOT the image, but the REGISTRATION for the image: Which is like going shopping at a store, throwing away what you've bought, and taking home the store receipt.
And starving to death because you threw away the food you bought: unless of course you can survive by eating store receipts.
You're allowed to go look at the food
@@cacophonousantiquarian8803 but can't eat it.
@@zaphodthenth it's the most obvious scam ever
Oh yeah and everyone else can look at the food too, even without a receipt.
It's like that one old scam where people were sold hypothetical plots on the moon or stars in the sky; obviously, those 'deeds', issued by some dubious private company, carried no actual authority or enforcement in any capacity. Much like NFTs, being simply receipts/links to the image, have zero authority or enforcement on who can actually possess the image file that anybody can right-click and save.
Is honestly really weird how NFTs even became a thing
Like seriously i can't be the only person that just sees something stupid on the internet and just think "oh yeah thats dumb, its gonna die in a few weeks" then immediately moves on
I am really disappointed the way NFTs were used for scam stuff like this and killed the use of what they actually could be. Online tickets that could be transferred to other people.
@@AbramSF Transferable online tickets can be done without NFTs. NFTs just add unnecessary cost to the process.
Every possible use of NFTs that I've every read is either possible without using NFTs or not something that most people actually want, or both.
Because its basically a get rich quick scheme, at its finest of do nothing to minimal effort and get money because you've convinced others nothing has a value greater than 0.
The message at the end I 100% stand by. I went to a comic convention is cosplay, I found some random people also cosplaying from the same series. Instant friends. I didn't have to pay them, just had to buy a £23 con ticket lol
I may have to start going to cons because of this comment. Glad you got such a great experience from it. 👍
it’s always fun to witness a downfall, even the sad and bitter end of someone or something you once admired. bored ape yacht club is clearly not one of those things to me so i’ve got a big bucket of popcorn and an equally sizable grin
Why did you ever care to begin with? My thoughts since 2022 on NFT's have been "who gives a flying f**k, especially when the Atlantic ocean nearly brought to a boil just off Florida last year?".
@@Reshumbox i didn’t. that’s what made it even funnier for me when the people who did all turned away from ‘em. i just thought the whole thing was kinda stupid
My farts are better than Saberfart's farts.
@@p-__ how insightful, got any more bereft quips for us?
@@camerantherollermain ah, jolly good then.
the fact that NFTs are just adoptable characters for rich people is so goddamn funny to me... girls we were doing this on deviantart back in middle school. where's my million dollars
It's a classic case of our patriarchal society only valuing traditionally female jobs once men start running companies about them, is2g.
I know right? 😂
I'm still around the adopt community and people can make a lot of good money off of it with their own rules for designs. Same with there being giant communities and prices based on how unique the design is and stuff. I've sold and bought adopts for good money.
So it was strange seeing all this with NFTs and how it just felt... worse somehow. It didn't feel fun. I guess because it was all about the money, not supporting artists whose designs you liked or wanting to join their roleplay community, where your design could be drawn with dozens of other characters through active participation.
@@doefarris2189wtffff?
actually it is the digital authentication of data.-- as we move into AI and deep fakes, that is important
The last company I work for had Boeing and Bored Ape as clients now I see why we had seven rounds of layoffs. 😂
Did you also work for WeWork?
@@frevazz3364 That name's a touch ironic.
Fumble of the century 💔
😅😅😅😅
😂😂😂
It's crazy how it feels like not even a year ago NFTs were inescapable and now they're near obsolete. So relieving NFTs and crypto craze didn't end up being 'the future' as it claimed to be.
We can thank Dan Olson for his 2 hour video of talking without break, or time filler, or hyperbole how much of a scam all of crypto is.
Crypto is a great idea, but the way it was done didnt help. Having a currency not able to be managed and adjusted by a federal government is a great thing, it allows for the currency to keep its value without the issues of inflation, overspending, relying on a governments standing in the realm of global politics, and the fed trying to print more money to solve debt issues.
Bitcoin is no shitty digital coins
Bitcoin is bigger then all of silver now. Imagine thinking you should store your wealth in inflation bucks.
@@Drak976 let me introduce you to gold
I was an illustrator on YUGAs Dookey Dash! Hearing you confused as to how it looks 'exquisite' makes my day 24:18 . Many of us on the team dont really care for BAYC but we really enjoyed the project cause our ADs pitched a cool style.
Out of curiosity did anyone in charge of Yuga ever reference the origin of their company name or the logo for BAYC? Or was it just an in-joke they weren't open about?
I first learned about Pudgy Penguins while browsing the toy section at Walmart. I initially assumed it was merch for an upcoming Club Penguin replacement. After learning what the concept behind them really was, my disappointment was immeasurable and my day was ruined.
Man what I would give for a Club Penguin plushie
Wait it's not just cute penguin plushies? Aw man I kinda wanted one......
@@FubukiTheIcyKing Sadly, no. It's part of an NFT project.
Aww, what the fuck… I bought one of those for someone because it looked cute.
They’re literally called Non Fungible Tokens
It’s a fancy way of saying “pay us enough money to put a down payment on a house or car, for absolutely fuck all in return”
If you think NFTs are literally only about digital art then you don't know anything about Blockchain in general.
Literally this technology has a lot more practical uses than the dumb digital art work ownership.
The maker of this video has no idea what he's talking about.
@@mrgarybusey2052 Give examples. "Google it" is not an answer.
@@mrgarybusey2052
Found the cryptobro!
Uh oh
@@mrgarybusey2052yes sire, please tell us more about the depth of environment-destroying scams sire, we need your input Mr. Bussy
I was on a walk with my dog a while back and I overheard some guy talking to a girl about NFTs. He was talking about how cool it is to buy a portion of one and the girl was just completely silent the whole time. I had to let them pass me on the trail so I could store that memory in my head properly
Don't forget some of these crypto bros tried to create a dating app based on this bullshit.
Turns out, it was a sausage fest and shut down. Immediately.
Girl was probably thinking was excuse she should use to get out of this 😂
She was totally dissociating. Did you see if she had Google's "still loading" spinning circle in her eyes?
Women are wiser. This is proof.
@@tysondennis1016nah women have it easy and don't need to assume risk or have pressure to make money and be successful, that's the valuation criteria for men typically
Women just have to be attractive, good at sex and not too insane (last part they always fail)
Can't believe you actually mentioned Miladys - I had a friend who worked on that project, and got suckered into the Crypto grift that way as an artist.
They are INCREDIBLY scummy - my friend was lovebombed and pressured so badly, he thought the admins had his devices bugged and would come after him and his family if he tried to back out... which lead to him publicly taking his life in October '22, only months before the NFT bubble burst.
It was tragic, devastating, and permanently turned me against the Crypto community. Miladys are a destructive cult, and I hope their leaders rot in prison.
Wow, that is fucking terrible. I'm so sorry that you lost your friend, especially in such a messed up way. ❤️😞❤️
The fact that stuff like this is just going under the rug disgusts me.
oh my god that is awful. I'm deeply sorry about your friend. The past few years really sucks for artists. First it was NFT, and now AI art.
I am so incredibly sorry about your friend ❤ your comment led me down a rabbathole and yeas there are people involved that are beyond scummy. I am sorry your friend got roped into this.
What a coward
Sadly people still think NFTs are a thing, there was a report about how when Pokemon first introduce their upcoming TCG game Pokemon TCG Pocket, the first question out of IGN's mouths were "Will there be NFTs in this game". Pokemon quickly dismiss that answer and basically said "f no please shut up"
That’s part of the thing that was so funny.
You had TV companies turning down Seth Green’s newest TV project because it was so reliant on NFTs, and they knew everyone hated them and wanted nothing to do with them. Meanwhile, you had square Enix still believing that they were the future and constantly pushed them.
IGN isn’t “people”. Don’t insult people like that.
@@phabiorules I like to imagine they watched Ubisoft's Ghost Recon NFT's fail, and then changed their minds.
That has me worried. Squenix CEO was hellbent on NFT game and stuff... have they figured it out yet?
I don’t think you know how question marks work
Obligatory reminder Madonna the "Material Girl" fell for the NFT scam. Crypto bros/NFT bros, influencers, and even celebrities, we all love seeing fools with too much money quickly parted from it.😌🙏
Chowder
@@helloolleh_dis ngl, I saw your comment and it filled me with dread, thinking somehow Chowder got on the NFT bandwagon, but thankfully you were just talking about Fleedle's pfp, phew
The sad part is the desperate people who were gifted into throwing away their life savings on this garbage.
@@thebarberian246if Chowder got turned into an NFT then I would cry in my room
@@helloolleh_disI thought CN did try NFT or am I thinking of another company.
Anyone who lived through the Beanie Babies boom of the '90s should've seen this coming.
At least the beanie babies were cute, and an actual physical thing to enjoy. Those made sense.
But a LOT of these people didn’t live through the Beanie Babies boom. I’m in my 40s, which feels halfway ancient in social media terms, and I was an early teen when Beanies started. I will never forget the couple dividing them in court though. As a divorce attorney, that madness is the stuff of legend. 😂
brother i lived through tf2 crates and stupid hats.
I've still got a few of mine :) You couldn't pry them off my cold dead corpse though.
This and ai are the perfect way to show these tech bros don't understand art or care in the slightest. The entire point of art is to show someone's individualality, and these are literal duplicates mimicking something and stripping it of all of the actual creativity.
better yet another flipside of the art coin is to also invest into a persons skills who you want to see succeed. With AI that completely goes away because people can just generate something within a few degrees of region for free.
Dan Olson from Folding Ideas put it best when he called Decentraland a child's form of governance and people have added that NFTs and memestocks are a child's form of finance and AI generated images are a child's form of an art movement. Children who spend too much time on video games and want the world to work like that.
But money!
Jokes aside, it was the biggest case of only seeing art as a path to money. Most of the "Web 3" crypto and NFT stuff was seeing artistic vision as something they'd need to deliver eventually, not the start of the creative process.
The point of art is to be a means of wealthy people to launder money and to dodge taxes. How else do you explain that a cabinet full of neatly stacked boxes of pills can cost millions of dollars.
Don't compare AI, a tech that actually justifies itself, with NFTs that are completely useless.
It would be more accurate at this point to describe Bored Apes as apathetic rather than bored.
Their downward spiral towards irrelevancy has been one of the most entertaining trainwrecks I've observed in a long while and all they will feel or say about it is nothing.
"Failure was probably the best outcome for everyone, here, if we’re being honest."
-Dan Olsen, Line Goes Up
@@qtips1719 might want to put the mirror down
"I downloaded CP to prove that censorship is good, actually"
- Dan Olsen
@@thecaptain6520 I don't think Dan Olsen said that one
I think the reason people went all in on nfts like that is because we all heard stories of people who ignored stuff like the internet because they didn't think it would go anywhere and lost out on getting in early on an utterly massive thing. And some people are deathly afraid of making that same mistake.
I see how viewing it like Bitcoin (or Doge) could give someone the idea that it's good to get involved, but at some point you've got to realize you've missed the ride. They say "if I had invested $100 in Bitcoin back in 2011 I'd have a hundred million dollars." And fair enough. But it's not going to go up another million times in value. Same thing here. If people are spending millions of dollars on these things, you'd think at some point people would realize that there isn't that much further up to go.
If you are incapable of trusting your own senses, and think the Emperor really _is_ wearing clothes, you need pills.
@@NeilHaskinshow do you know it won't go up another 100x?
@@thewhitefalcon8539 At some point the value becomes greater than the wealth of the entire planet. Unless space aliens are going to start accepting it, at some point you reach a cap.
Part of me wants to empathize with people that lost their shirt on the whole NFT side of things... They're still people at the end of the day. Garbage and greedy people, but people no less. Then I remember how insufferable NFT bros are and that they probably jumped ship to go into AI "art" as their next shameless cash grab.
Your jpegs were never valuable, tech bros. Eat your heart out.
people does not count as 'good' remember, nearly every atrocity comited was comited by people
@@brayachdragonbane7529the OP never implied people = good
@@brayachdragonbane7529 Oh, for sure. I never said they were good people, just that they were people. And of course, people can absolutely be monsters who don't deserve an iota of pity or empathy.
@@Just_a_commentersaying they're still people as a point of empathy implies positivity.
just a passing thought; stupid should be punished.
(this is not to say that Ignorance should be punished, ignorance is correctable, stupidity by definition is not)
Nah... they where all adults, they choose to be stupid.
Don't forget that the poop game got hacked instantly because, iirc, BAYC didn't have any sort of protection and just left all the information you needed to hack it in easily accessible plain text. So people just made bots that knew what seed was generated and played perfectly, and BAYC had to ban the nfts of anyone who's score was suspicious (because the entry ticket nft doubled as the account itself)
And then they had a problem with people selling the banned account nfts
the "you own the copyright to it" part always baffled me cus like, if every variation is its own nft does that mean if you actually wnated to use that nft in something the character could fo example never clothes or even expressions cus thats a whole different nft
That's right! How are these TV shows going to work when they can't change ecpressions for fear of becoming another, different NFT?! I bet with enough of them, we would have two NFTs which hit the exact same variables except for happy vs angry expressions
@@gokuxsephiroth4505 That's the paradox.
The more you attempt to make more NFTs, the less uses the NFT can actually have-
Remember playing a game called "hot potato" in middle school? Kinda explains this.
Don’t forget that they didn’t buy those photos for tens of thousands of dollars but rather a receipt of that photo
They also got the rights to the image, and as Disney can tell you, the rights are usually the most valuable part.
But as Amazon can attest, spending more on rights than they're worth can be financially very painful.
@@Bacteriophagebs didn’t courts rule that because the images were ai assembled that board apes didn’t have protected rights on the images so anyone could’ve used them
a link....that would eventually break
@Wary_Of_Extremes reminds me of that Who Framed Roger Rabbit game that, if I remember correctly, was made for the NES. You had to call a real-life phone number to get an answer to a puzzle. The phone line stopped being supported after 2 years of the game being released, making that section essentially impossible without a walk through.
The richest NFT still being worth $100,000 is pure insanity.
EDIT: was just made aware that it was the asking price, oops
A fool and his money are easily parted.
"worth", LOL
that's basically just what the person is asking for it, or its last sale price
Is it worth $100,000 or is that just the amount of money the guy who owns it will sell it for? There is a big difference
You know what, Saber? You had me in the first half, but then I got to the part about the NFT poop game and I... had to pause for a minute.
WHAT. THE. FUCK.
The whole concept where the game is about pulling the key out of a dead monkeys ass unsettled me so deeply that I need to watch something to make me forget, and it earned 450. Million.
@@uniquenewyork3325 greed is ugly, so yeah
What can be said. The NFT community is just THAT FUCKING RETARTED!!!!! Don't blame Saber for other people's UNFATHOMABLE stupidity.
@@uniquenewyork3325 THE ACTUAL FUCK-
I'm terrified.. 😭😭
So if anyone is wondering what happened with nfts, in America we have a huge tax Dodge where you can buy art like paintings and stuff and then donated from massive tax write off. The federal government and the IRS closed by loophole and the rich tried to use nfts to maneuver through it
The IRS ruled that nfts were just like a painting or any other piece of art and so they didn't evade the taxes.
As soon as that happened nfts became worthless
No. Just no.
I'm a little concerned with how many likes this has gotten, but, don't you need to cite a few sources? not that I'm a reliable source either but I've watched only a few videos about nfts, and while I clearly don't know who or what people specifically were involved in all that, I don't ever remember anything about people trying to move money through nfts like that
but if I'm wrong in doubting you, please, prove me wrong with a source /gen
Stop repeating this lie. Crypto isn't a replacement for money laundering because crypto isn't clean money.
Saberspaek talking about NFTs is the most relevance NFTs have gotten in a while.
Now people are finally realizing that a image of a 2d monkey means absolutely nothing in the real world
And this will go double for the real world. AI will have no reasonable use in five years given it's a repackaged scam.
One big point he forgot to mention, is that if a company plummets all assets can be sold off to it's share holders, while as a nft has no assets to be sold off and has no value
Uh, well, that's known as the "Cambridge Capital Controversy" in economics and the irony is that most modern corporations are worth a LOT more than the "bricks and mortar" "assets" they own... it's all in the intangibles like intellectual property and goodwill. But that's a topic way beyond the comments section of a random YT video.
a well known fact about supposed celebrity involvement in nfts. every celebrity seen shilling for nfts turned up to be signed to the same management agency. they were clearly forced to do it
The best thing about Bored Ape Yacht Club was everyone in the Fighting Game Community memeing Ken from Street Fighter being scammed by the apes and losing his wife and son
I dunno, the Deep Space Nine skit was my personal favorite.
"They stole my apes, Odo!"
My aunt was talking to me about wanting to make an nft with dragons. Then she showed me a picture of one of the dragons. I asked her "why do an nft? You art level is way above that. You could do work as someone who does cover art for books? You could do so much more with your talent. Dont waste it on that nft crypto bs." She got a little upset with me. I told her that i loved her and that i had something else to do that day, gave her and my cousin a hug and left.
Good for you. I’m sorry you couldn’t convince her otherwise
the major difference between NFTs and AI is that AI actually presents a threat to the future of many creative careers
say it louder for the people at the back!! they're already starting to replace human employees with AI.
If you can't create something better then a computer that regurgitates reddit stories as "content" you probably shouldn't be a creator. Just saying.
@@Nick-ue7iw it’s not about quality, it’s about companies and other people using ai generated images over human artists because it’s cheaper
@@PigeonLord I'll take that future over a bunch of woke infiltrators ruining actual art that already exists. Look at what JelloApocalypse did to the anime Lovely Complex, for example. I wouldn't exactly call such people "creatives" or "artists." Why should I care about people that only cared about virtue signaling?
@@coffeehousedialoguewhy should you care about people or art at all? If that's all it takes to ruin the entire industry for you
I think my favorite tweet I ever saw about these NFT's was a guy named IAmTheCarl who basically merged several thousand bored apes and posted the result. It made it apparent how utterly samey these particular NFT's were.
As an artist, I was really bothered by NFTs, but AI is so, _so_ much worse
Also, the scarcity part of NFTs was always a farce since literally anyone could mint new NFTs.
agreed!
u said it 😮💨
As a writer, I feel your pain.
I can't imagine what it's like as a visual artist tho
if your mad about ai stealing your art, do something ai could never do: instill fear. draw the person getting railed by your oc. draw them pregnant. ai might be able to recreate the lines and colors, but they will never be able to recreate the revenge you feel. remember that as an artist you can draw ANYTHING. realize that power.
As much NFT sucks, it did bring us the perfection that is SaberFart!
Bored Ape Yacht Club
gives a bad name to Yacht Club Games, the creators of Shovel Knight
it also gives a bad name to concernedape, the sole creator of stardew valley
The names sounding vaguely similar is nowhere near enough to make them look bad
@@DarkEcho32Doesn't matter, this is arguably enough to start a trademark lawsuit about lol
@@SuperSmashDolls no, it isn't isn't because that's not how copyright and trademarks work. A mildly superficial similarity in name for two products that are in completely categories and have absolutely nothing to do with each other does not give legal precedent for a lawsuit and would be immediately thrown out if either party tried. BAYC would fail because Yacht Club Games precedes it. Yacht Club Games would fail because the NFT scam isn't pretending to be them nor do they imply they're in any way related.
All the NFT bros moved onto AI art and they make the exact same arguments.
They always say things like “Afraid of technology bro?!” Whenever you criticize anything.
You're just afraid of technology bro lmao
@@Fluffyfauchs Our lord and savior Ted Kaczynski > Skynet
That was such a great point in the folding ideas NFT video, any negativity is immediately called fear uncertainty and doubt and those people are actually kicked out of the groups.
There’s also the edgelord neo-Nazi aspect to Bored Ape Yacht Club, not a coincidence that their logo is based on an SS design.
Definitely looks eerily similar to the "Death's head"... Proably the closest thing they could get to a swastika and still have plausible deniability.
Philion and Ryder made that documentary with their whole hearts and I hate that RUclips shadowbanned it.
The WHAT aspect??
Wait, seriously? I know NFT spaces tended to attract a far right crowd, but I didn't know that was _on purpose._
@@LendriMujinaDefinitely watch Philion's video. A lot of the imagery and symbols used in various promotions and even rhe NFTs themselves are ripped the nazis and racist parts of history. The creators are basically just edgy idiots from "that side" of 4chan
Every time I feel stupid, I just remember how some people actually spent hundreds and thousands on a crappy randomly generated picrew jpg
Clicking onto this video, I got ads for robinhood selling a new nft wallet as part of their partnership with a "fine art NFT platform" where they're giving away free "exclusive" nft's. The nft bros are still trying
My dad asked me about NFTs. I told him you don’t actually own the rights to the art. He argued with me. Good thing he did not have the ability to buy any.
The "Right Click -> Save As ->" and "Feel free to screenshot" jokes are the only things I'd miss about NFTs. I'm so glad that these things are pretty much all but dead now.
... And then you turn around and AI art.
AI took the right click save to its logical conclusion.
I'm surprised that you showed the BAYC logo without going into its similarities with logos used by infamous historical groups that youtube doesn't like being named directly.
Plus the name Yuga.
@@3MolesInATrenchCoatWhat about the name Yuga?
@@klickonthat5244 it's an old n@zi dogwhistle referring to the Kali Yuga. Alone it wouldn't mean much but paired with the blatant SS logo it's a pretty straightforward connection.
BAYC frankly did not help the view of NFTs. A lot of people were turned off by their lazy or even ugly designs. A lot of us want our pfps and avatars to look good… not look ugly and make our eyes bleed. There’s a huge discontent between cryptobros who only care about how expensive something is and not how it looks, and people like us who care about what something looks like
I spent $50 on a custom made brass dragon avatar to show I love dragons. That art I commissioned was tailored to my specifications, and actually looks good when compared to the randomly generated eyesore ape NFTs
There was also the fact people don’t actually like digital scarcity, and see it as a bad thing and not something to celebrate. The ideal metaverse should let us buy a shirt for our avatar cause it looks good, rather then being sold out by millionaires who don’t care. I would be devastated as someone obsessed with dragons if a VRChat dragon avatar wasn’t available to me because some millionaire who doesn’t even care about dragons bought it
I would be devastated if I was never able to get the Hybrid skin in Fortnite because it was an NFT that costed a million dollars and some millionaire who again, doesn’t actually care about dragons, bought it
The lack of scarcity on the internet is a positive thing, not something that needs to be “fixed”
Not to mention you can use those commissions as concept art if you wanted to start something with your own creations.
Scarcity is bad, dragons are cool.
Legal Eagle did a great video explaining the problem with NFTs from a purely legal perspective. The biggest problem in terms of how it would work for artists is the fact that you aren't transferring any sort of rights to an image or creative work, basically just buying the rights to a hyperlink to that image. But more importantly, a lot of NFTs sold didn't necessarily have the rights to those images either. So in the end it you weren't really buying anything which was legally enforceable as being yours.
Saberspark will never forget the Saberfart
What's funny to me is how everyone was on about the JPEGs being worth a bunch when NFTs are actually just the code, the code pointing to where the image is hosted which means that at any time that JPEG could be changed
links ...that would eventually break
Maybe hope is possible after seeing this NFT market die out.
If you are scared of AI taking your Job, you are being a tad bit too hysterical. You should stop buying in to irrational fear mongering and come to your senses, and learn how to use AI as a tool in your process. Or do you genuinely believe painter as a job went away when photography was invented in 1829? And that 2D animation hasn't seen the light of day since 'Reebot' started airing back in 1993?
@@Reshumbox What are you talking about and what made you think I was mentioning AI? 😅
@@garrtoons4303 I might have read your comment wrong... Oops. My apologies, I thought you meant that hope of AI dying is possible since NFTs now are dead. I truly am sorry for my misinterpretation. 😓
@@Reshumbox Eh it's fine... but with that said, I don't like AI (art, animation, voice, etc..) that much either. 😅
@@garrtoons4303 why not? Just not your thing? 🤔
Apparently their "game" had some problem with its RNG that made it easy to bot. That allegedly random maps weren't random.
I remember, one year, I went to this business expo and one of the panels was talking about nft and how it’ll revolutionize Advertising. It’ll probably be the only time I spoke up and questioned someone who probably has a degree in marketing. And he reassured us it was going to work and all the advertising bs that came with it. In the end a lot the company there fell for that crap and is feeling the burn.
As an artist, I have to haggle and defend my art when people say its not worth the price or try to ask for free art.
But people drop thousands on this butt ass ugly thing. The game of life is rigged.
Let those assholes purchase trash. Those who actually value your time will savor your art. I promise you that. Just a matter of finding or making a community that supports you.
Because they aren't buying art, they are assuming they are buying a surefire way to get rich.
Capitalism is rigged
@@IkutoH That's true! Even in this seemingly hopeless rise of AI taking away artists, there's still a lot of people supporting real artists. There's still a community, not a small one at that. Even the most niche thing, there's a community, let alone something as big as art. Keep going, there's always gonna be people supporting
People who claim they know art, forking out millions for AI art
I love that there was commercials making fun of NFTs. it's bad when other studios think it's a joke. Lol
The best part of bored apes was Seth Green saying how secure and awesome it was, before developing a show idea for it, and crying endlessly about having his secure IP stolen from him by some hacker 😂
The funniest part is that thief already sold the monkey for about 650 to some rando, so seth ended paying the scammed guy thousands of dollars for it.
I still can't believe there's more....but here's the more important question: is HE back?!! Is our precious boy back?!!
As awful as NFTs are, we probably won't have to go to war with them to prevent an extinction event. So that's one thing they have over AI, I suppose
I remember 2 years ago arguing with some of my UPS coworkers about how dumb NFT’s are, while they tried to convince me otherwise. 😂 I someone wonder how they are doing.
i'm pretty sure we all knew bored ape yacht club was* going to die pretty fast, but its still so so funny to see saberspark release this video with the knowledge that the people behind bored ape yacht HATED saber's guts. saberspark wins again
Do you think they know he made a video, or are they sipping cocktails on a beach somewhere?
@@shaunpatrick8345 They're just seething in silence.
as time passes on NFT feels like Saber's every once in a while Villain of the day.
Each youtuber needs a rival
This whole video was basically an excuse to straw-man people like me who use Ai in our Art Crafting, as Grifters, and insinuating that we are the same scum as Crypto-bros in the last 3 or so minutes. Who has a Narrative to push regarding AI again? Folks like me, who hasn't put up any AI art for sale and don't really plan to. Or people who literally have refused to even entertain the possibility that their feelings regarding AI from 2022, might just be a bit out dated and silly to double down on at this point?
AI scares the living **** outta me, I am an aspiring graphic artist, novelist, screenwriter and I got projects in the works, and the thought of AI taking over is a genuine nightmare
Be confident in what you do. ai will never be able to replace artists no matter what because ai cannot create art.
I'm a writer, and it's the same here. Human art will always be more creative, but with a machine churning out slop faster and cheaper, combined with the huge corps not necessarily caring about quality, and an apathetic public, I am sweating bullets
I'm in the the same boat. Its disheartening to know that the thing you want to do more than anything could be done by a soulless machine in a few years, leaving you to either struggle onward or give up
@@HauntakuTV "Machine Learning Image Generators will never replace artists" is kind of a pointless truism, as it is only true on the cultural level. Many corporations have already started using these bots to replace their artists, customer service reps, and content creators. A whole lot of people have already lost their jobs, and many more are having an increasingly hard time finding entry-level jobs due to this crap.
Yeah its like a nightmare, people like us just wanna share our visions meanwhile others will just pump out slop with a machine and a prompt@@deen7530
The big problem with AI is that data IS the cost of entry. Of course, you can still pay for premium models, but for the most part, these projects have *no financial barrier whatsoever.* You’re not sinking any money into it, so it’s not like you’re losing anything, right?
Not only do the companies get an endless supply of use cases and examples, but the consumers get an endless supply of the service. It’s an endless spiral that results in billionaires becoming trillionaires, and AI-generated schlock permeating the market.
AI-generated schlock has already saturated a lot of places.
Imagine trying to justify gambling your entire savings on a monkey picture 💀
Actual madness 💀💀
The only nft people I respect are the ones that saw it would be a grift, got in early, and got out at peak with a huge bag. They played the game so well that I now get to laugh at thousands of morons who make far worse life choices than me.
Yep, like the girl from the meme "looking evil at the camera while fire burns a house". She made that pic into an NFT and sold it for 250,000 USD.
But then she used that to pay for her college tuition. 💀
RIP, from one gift to another.
@@aboxinspaceNgl, that is awesome
the best part of NFT is that we got saberfart
Before NFT’s were worth something now they’re worth fuck all
They were never actually worth anythinf
They weren't worth anything before it was just a money laundering scam that people tried to get in on and then lost substantial amount of money the new age South Sea Trading Company
They had no intrinsic value, they only seemed valuable because a lotta people thought they could upsell them later.
debatable on whether they had any value to begin with since almost everyone knew it would just fall apart from the get.
It was always just a rug pull scam
'AI' will be the next driverless cars: It looks like it's close, but isn't actually good enough to do real work, and be abandoned as scammers move on to the next hot target.
Some people thinking NFTs started this trend, meanwhile closed species and adoptables were right there, but did it better and were first.
The only people who profited on these were the early adaptive sellers.
They sold high to start and ended up diving sharper than a cliff.
Thats basically how speculative finance and scams work. When the wider public becomes aware its already on a downward spiral and all the money being touted as proof of success comes from early adopters cashing out
I remember a student selling pixels at a dollar each on a 1 megapixel banner.
It went viral (long before that was a thing, this was 1999) and he actually made his 1 million dollars.
I miss NFTs. It was so much more enjoyable making fun of stupid people wasting money rather than the absolute chaos AI is
Thank you for pointing out the relation between NFTs and the current AI mindset. One major difference that wasn't mentioned though is how the fallout of AI will be so much more destructive than NFT, since businesses have heavily invested in it and will be expecting to see returns in just a few years - a people losing out cos of scams is bad, but big businesses crashing from these things (should the AI bubble pop, which I think it will) will do a lot more damage.
This is gonna sound bad, but I hope that happens. What scares me about AI, is not the extinction event everyone keeps talking about, but instead, AI and Machines taking over low income and untrained labor jobs. If you replaced 50% of a country's workforce with machines and other companies aren't hiring because machines are doing the work, how will you afford to live? If all the jobs that require humans are outside of the cities, what happens to the cities? What happens when we have more population than we have jobs to fill?
Nah, the big business will win because AI is a self loop that allows those who possess the better model to constantly improve on what could be done and the scammers and little people have no means of getting in due to their lack of GPU to run the latest model.
@@atbauchat Basically you transition the person to the over seer and free up that labor for new endeavors. Manual labor and repetitive simple tasks aren't using human labor effectively or efficiently. Plus it will long term be a net good, when treating humans as machines and outsourcing for cheaper labor isn't a viable solution to gaining a competitive advantage.
@atbauchat that bit happened some time ago. AI is coming for more lower middle class roles like artist and office worker, and that's why people are all of a sudden concerned about automation, when literally no-one gives a shit that UBER or justeat destroyed industries, or before that factory automation.
It's incredibly fruatrating to see all these bourgeoisie complaints about automation now that it is starting to potentially affect them. It's like, yes. Well done. You've finally realised capitalism does not give a single shit about the people enmeshed in it's system. Would have been nice to have that support when the union system was being dismantled, or when techbros and disaster capitalists fucked car production, appropriated public resources etc. etc.
@@atbauchat if AI takes off and "machines are doing the work" it is simply going to move a step further in the production line. Doomer Talk likethat seems to me like the guy that warned of the industrilazation making manual weaving obsolete, or the car putting the horse out of a job. Did you know that 40 years ago "compiler" was a job instead of being done by your PC? How many jobs the PC made obsolete? Yet it created new jobs and shifted fields.
You are an Accountant that can be replaced by big Models doing the sorting and classification? Then the company still needs you to take responisbility, verify the Output, compile the results, check on inconsistencies and catch errors. The human factor of experience, gauging, expertise and most importantly responsibility cannot be rationalized away.
You are an Artist? Congratulations, Stable diffusion would never be able to simulate the aspect of including meaning and expression into the picture. Now low effort work would no longer be needed as AI is perfect in generating some promo material and splash artworks, yet specific Art itself will never be emulated. Unless drawing half naked anime style girls is your limit, it will take a very long time to get what you want. AI art is also the perfect supporter and COmpanion for Artists themself, as it is merely a multiplyer. Someone without artistic background and talent can do way less then someone who knows all that and uses Inpatining and Corrections via model correctly. Its an incredible timesave and improvement for artists, allowing them to express themself even better.
Humanity itself will adapt and develop. AI also creates new jobs which we cant even predict from now, or do you think the people in the 60s were thinking of how Software Developer was a big new type of job?
now we just need to bully AI away
If you want to hate Bored Apes even more. I recommend comparing their logo to the Totenkopf and looking up where "Yuga" got its name from, among other things.