Это видео недоступно.
Сожалеем об этом.

What Are NFTs and How Do They Work?

Поделиться
HTML-код
  • Опубликовано: 15 авг 2024
  • What Are NFTs and How Do They Work?
    NFTs are non-fungible tokens that are digital assets that represent tangible and intangible items.
    These can range from collectible cards, drawings, music, digital real estate, tweets, and much more.
    At a very high level, most NFTs are part of the Ethereum blockchain.
    NFTs are essentially designed to give you something that can’t be copied
    In this video I explain:
    - What are NFTs
    - Characteristics of NFTs
    - What are NFTs used for
    - How NFTs work
    - Examples of NFT Art
    WBF UNIVERSITY - JOIN MY SCHOOL HERE
    ► whiteboardfina...
    EXCLUSIVE: Get 1-3 FREE Stocks valued up to $3500 On MooMoo
    ⮕ whiteboardfina...
    LIMITED TIME - Get 1 FREE STOCK ON ROBINHOOD
    ► whiteboardfina...
    FUNDRISE - INVEST IN REAL ESTATE FOR ONLY $500
    ► whiteboardfina...
    M1 FINANCE - INVEST FOR FREE (Yes, Really)
    ► whiteboardfina...
    My FREE M1 Finance Training Video
    ► whiteboardfina...
    My FREE Stock Market For Beginners Guide
    ► whiteboardfina...
    GET MY HOME AFFORDABILITY SPREADSHEET HERE
    ► / whiteboardfinance
    SCHEDULE A COACHING CALL WITH ME
    ► whiteboardfina...
    HOW TO BUY & STORE BITCOIN
    ► whiteboardfina...
    THE BEST CREDIT CARDS TO USE RIGHT NOW
    ► whiteboardfina...
    CHECK OUT MY BLOG:
    ► whiteboardfina...
    FOLLOW ME ON INSTAGRAM
    ► / whiteboardfinance
    Instrumental Produced By "iAmHaywood" on IG
    ⏰ Timestamps ⏰:
    0:00​​ - Introduction
    0:30​ - What are NFTs and How Do They Work?
    2:07​​ - Key Characteristics of NFTs
    3:13​​ - Why Are NFTs Important?
    4:50​​ - Why do NFTs have value?
    5:55​​ - Digital Economy
    7:25​​ - My Opinion On NFTs
    ABOUT ME 👇
    My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos are a reflection of my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur.
    This channel allows me to share my passion for personal finance, stock market investing, real estate investing, and entrepreneurship. I produce content that I would want to watch, and because of that, I give 100% effort in every video that I make. I also believe in complete transparency and open communication with my audience.
    Subscribe if you are interested in:
    #NFTArt
    #NFTs
    DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
    AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.

Комментарии • 1 тыс.

  • @WhiteBoardFinance
    @WhiteBoardFinance  3 года назад +57

    EXCLUSIVE: Get 1-3 FREE Stocks valued up to $3500 On MooMoo
    ⮕ whiteboardfinance.com/go/moomoo

    • @shockelites2887
      @shockelites2887 3 года назад +1

      kEep up hero , digital war

    • @aukemist
      @aukemist 3 года назад +2

      Actually, how does someone go about buying NFTs?

    • @djsmojo
      @djsmojo 3 года назад +1

      did u buy an nft buddy?

    • @ievgentaranskyi1373
      @ievgentaranskyi1373 3 года назад +1

      Exactly, I never understood that

    • @shockelites2887
      @shockelites2887 3 года назад +1

      @@djsmojo coincap search. Nft

  • @JustinFrancisAnimator
    @JustinFrancisAnimator 3 года назад +1206

    The gamer in me understands.
    The digital artist in me wants to understands.
    The physical me thinks this is stupid.

    • @tommyseacat3580
      @tommyseacat3580 3 года назад +38

      Your physical is right.

    • @bacchusendo9032
      @bacchusendo9032 3 года назад +14

      To me this NFT thing looks like a tax reporting headache. Somehow, somewhere, the IRS is gonna want to tax the profits and how do they know how much to tax and what not to tax.

    • @alexfreidah1075
      @alexfreidah1075 3 года назад +20

      @@bacchusendo9032 think more broadly....they are an amazing opportunity for money laundering. Art is already used for that and now we have "art" that can be as stupid as a meme image that a token pointing to a link can be worth a fortune. Think of the possibilities. You can generate any piece of shit and use crypto to buy it and then sell it...to yourself if you really want. Boom, your dirty money is now clean. Art is regularly used for money laundering and this removes the requirement to have an actual product with real value....easier. The concept of NFTs for art sale is insane...you aren't buying a product or any real rights...you are buying bragging rights and a link to an image anybody can already get anyways. They are selling vapor. It is hype to drive engagement with crypto marketplaces to drive up speculation and generate brokerage fees. People buying art via NFTs are insane or laundering money. They are paying for literally nothing.

    • @simplybeef8232
      @simplybeef8232 3 года назад +15

      @@aritradhabal it may be stupid...but if you can get rich off it and live a prosperous life...is it realy that stupid?

    • @aritradhabal
      @aritradhabal 3 года назад +5

      @@simplybeef8232 may be not , but very rich people can do stupid things

  • @danieljamal3709
    @danieljamal3709 2 года назад +153

    Investing in the stock market is the best option to make a passive income.
    Virtually all the markets are crazy, most people pay more attention to the shiniest position on the graph, I’m keeping a diversified portfolio.

    • @veramonique1724
      @veramonique1724 2 года назад

      The decision to invest is an acknowledgement that it comes with certain risks. Not all investments will do well and some may lose money. However, without risk, there would be no opportunity to potentially earn the higher returns that can help you grow your wealth.

    • @danieljamal3709
      @danieljamal3709 2 года назад

      Remember, diversification is an approach to help manage investment risk. It does not eliminate the risk of loss if security prices decline.
      Because investing can be complicated, consider working with a financial professional to help guide you on your wealth-building journey.

    • @samuelreyes7156
      @samuelreyes7156 2 года назад

      who would you endorse ? I've been in the shadows for too long

    • @danieljamal3709
      @danieljamal3709 2 года назад

      Christine Lynn Saitta, she is an expert who does the heavy lifting for me, she makes research on stocks, and adds my portfolio with stocks for monthly and yearly earnings.

    • @samuelreyes7156
      @samuelreyes7156 2 года назад

      How do I reach her ,you got any possible means of getting more info on her services?

  • @staysafe2122
    @staysafe2122 3 года назад +132

    You know what! I still don't understand what I just heard 🤔

  • @TheMooseManKing
    @TheMooseManKing 3 года назад +132

    Ahhhhhhhhh, the money laundering theory makes total sense

    • @Kevin-jb2pv
      @Kevin-jb2pv 3 года назад +2

      I'm not really so sure. Look at the insane amounts of money that people spent on second life back in the day. Crazy amounts of money for digital real estate, and that was _way_ more primitive than anything going on now. Yeah, some of that money that changed hands through Second Life was definitely laundering, but a lot of it wasn't. And look at Star Citizen, a game that's _barely_ in the earliest playable phases of development. They sold space ships in that game for $2,500 a piece, made 200 of them available, and every single one sold before anyone could even play they game. And those 200 were just the top tier of ships that sold for that game. People are becoming more and more willing to drop serious money on digital assets as society becomes more digitized. I wouldn't write all of this off as just criminal activity. People buy stupid, expensive crap that makes absolutely no sense just for the prestige. Sometimes, the stupider it is, the more prestigious it makes people feel to throw away ungodly amounts of money on it, because what they're really saying is, "look at me, I have so much money that I can blow 3/4 of a million dollars on a stupid cat photo and not even notice."
      That being said, there is 100% _some_ money laundering going on. Like he said, using "priceless" art to move money around is as old as money itself.

    • @odomisan
      @odomisan 3 года назад +6

      Just like traditional art trade. Remember that dude who had a banana taped on the wall? Then he ate it. Transaction was "legit" and evidence destroyed.

    • @Jmapp1998
      @Jmapp1998 2 года назад

      @Bezalel Jaeger 308 possibly something to do with epstein and that maxwell lady? heard she just went on trial..

    • @Jmapp1998
      @Jmapp1998 2 года назад

      @Bezalel Jaeger 308 I know right! And nah man, who is it??

  • @marcus3128
    @marcus3128 3 года назад +607

    Can't wait for the IRS to start charging property tax on every single social media post and RUclips upload as a 'digital asset.'

    • @Ms.HotSauce
      @Ms.HotSauce 3 года назад +2

      Lmao ! Facts 😅😅😅😅

    • @guillermomaradiaga7165
      @guillermomaradiaga7165 3 года назад +7

      Wow i feel you’re 100% right

    • @wulfscorner
      @wulfscorner 3 года назад +3

      That gives me an idea

    • @emmanuelahenkorah6252
      @emmanuelahenkorah6252 3 года назад

      What coin are you talking about pls

    • @wulfscorner
      @wulfscorner 3 года назад +3

      @@emmanuelahenkorah6252 doesnt matter, what coin lol. just get on this before they do. its a race

  • @CaseyBurnsInvesting
    @CaseyBurnsInvesting 3 года назад +181

    Selling a screenshot of this video for 50k obo

  • @finaltheorygames1781
    @finaltheorygames1781 3 года назад +275

    I've always wanted to buy some non tangible digital sneakers.

    • @Bfxcvhu
      @Bfxcvhu 3 года назад +4

      Gucci just dropped $14 sneakers haha

    • @kend7597
      @kend7597 3 года назад +1

      😂

    • @kmikel3669
      @kmikel3669 3 года назад +1

      @@tomj3089 I wast thinking the same thing, but some of these people are profiting very nicely off of these so im thinking is this the real deal?

    • @nicholaslaiuppa1308
      @nicholaslaiuppa1308 3 года назад

      Finally an option exists.

    • @Smartimarty98
      @Smartimarty98 3 года назад +4

      @@tomj3089 exept it is. You can buy replicas of expensive paintings too.

  • @jeffcann7233
    @jeffcann7233 3 года назад +255

    I can’t figure out if this is the biggest bubble in history or the ground floor of something amazing.

    • @ELBarbarro
      @ELBarbarro 3 года назад +10

      A “bubble” that has lasted 12 years+????? Cryptocurrency is here to stay

    • @michalsmith3117
      @michalsmith3117 3 года назад +34

      @@ELBarbarro he meant nft’s specifically this can just be a bunch of tulips🤷🏽‍♂️

    • @basedmatt
      @basedmatt 3 года назад +14

      The Tech Bubble in the 2000s was both.

    • @113dmg9
      @113dmg9 3 года назад +5

      Bubbles pop.

    • @tommyseacat3580
      @tommyseacat3580 3 года назад +8

      Methinks these are kids that lucked into some coin and are sitting on a pile... and don't know what to buy. So they trade their pile for a cat picture or a racing track and end up working at McDonalds.

  • @baderkhoudeir9623
    @baderkhoudeir9623 3 года назад +113

    I don't know if I am excited anymore about what the future virtually holds.

    • @albertthedogeinstein7983
      @albertthedogeinstein7983 3 года назад +1

      It only holds what it is.

    • @youtubetv3474
      @youtubetv3474 3 года назад +2

      Well we don’t give af it’s going anyway

    • @JackRafael
      @JackRafael 3 года назад +2

      This is so unsustainable. It’s Gona all collapse at one point in my opinion.

    • @TysonMichael77
      @TysonMichael77 2 года назад

      Right it sounds scammy

  • @silverace8690
    @silverace8690 3 года назад +224

    Man I don't know where I fit in this artificial world

    • @matthewjames1203
      @matthewjames1203 3 года назад

      +_1_ 2 _0_ 8 _4 _6 _9 _8_ 4_ 9_ 0
      W_H_A_T@app

    • @SirRorschachJack
      @SirRorschachJack 3 года назад +17

      I know. The artificial world in my opinion is pure 1984 control grid evil by the new world order. It's them attempting to snuff out that which perfect, NATURE, made by God, and allows us freedom.. whereas in crypto, they will tie everything to your social credit score that goes down if u even question govt, taking away freedoms, which then they can turn off your digital currency to not buy food or rent. Its evil.

    • @meechdalight9476
      @meechdalight9476 3 года назад +3

      @@SirRorschachJack actually look into block chains its controlled by no one so how?

    • @simonal2049
      @simonal2049 3 года назад +1

      It'll take ppl years to understand what blockchain is.

    • @droppingthemiconxianity858
      @droppingthemiconxianity858 3 года назад +1

      @@SirRorschachJack made by god huh?
      That’s cute

  • @jefftomkus9287
    @jefftomkus9287 2 года назад +76

    Money laundering was the first thing that came to my mind as well. It's a clever way to wash money. I'm beginning to understand the potential utility of NFTs but it's still fuzzy. I do like the idea of leveraging the royalty option within smart contracts though. THAT seems useful.

  • @omejia9243
    @omejia9243 3 года назад +116

    As an artist myself I am having a hard time understanding the whole NFT game. Some of the art is questionable as far as quality, process, and aesthetic. I try to keep an open mind, and for me the artist that's been involved with this that's made most sense is Beeple. Been following him for years and can see the hustle and story of 13 years of creating a piece everyday. His story might make the most sense to everyone. I'm going to make an attempt at the NFT game but it seems to have become highly saturated with mostly garbage. I'm a fan of digital art and very open minded but a lot of it is junk in my opinion. However, there are a few good artists out there earning and it's well deserved.

    • @pneumonoultramicroscopicsi4065
      @pneumonoultramicroscopicsi4065 3 года назад +4

      I mean art is subjective am i right lol

    • @najathanice4183
      @najathanice4183 2 года назад

      @@pneumonoultramicroscopicsi4065 absolutely

    • @petramatkovic4122
      @petramatkovic4122 2 года назад +1

      Did you have any luck with those? :)

    • @omejia9243
      @omejia9243 2 года назад +4

      @@petramatkovic4122 nah, I became too busy with my business and couldn't make the time to pursue it. The only NFT I posted on Rarible didnt get much traction, and Im not entirely sure how to make it go.. I mainly focused on investing in a couple of good cryptos and Tesla 😅

    • @petramatkovic4122
      @petramatkovic4122 2 года назад +1

      @@omejia9243 Oh, that's a shame. Thank you for responding with the update, enough!

  • @aukemist
    @aukemist 3 года назад +110

    This is the start of the matrix. No joke

  • @scubawithatuba
    @scubawithatuba 3 года назад +26

    No matter how much I try to learn about NFTs, I still don't understand how they work. Anyone else?

    • @matthewjames1203
      @matthewjames1203 3 года назад

      Thank you for watching, endeavor to write as soon for more enlightenment or tips w_h_a_t_s_a_p_p
      +_1 3_ 0_5 -7 _6 _8. - 9_ 3_ 0 _9.

    • @bossmankbawesome4134
      @bossmankbawesome4134 2 года назад +2

      Confused af

    • @homerdadon6363
      @homerdadon6363 2 года назад +2

      You aren't supposed to understand the Matrix

    • @TysonMichael77
      @TysonMichael77 2 года назад +1

      It sounds very confusing

    • @duchessdelarue5983
      @duchessdelarue5983 2 года назад +1

      Same. We must be boomers.

  • @frankcooker8012
    @frankcooker8012 2 года назад +16

    I am using the service of a snr trade expert sir Benjamin Humphrey as my fiduciary for minting and selling NFTs generating good profits, this month I've made £ 7k so far

    • @Thyago2420
      @Thyago2420 2 года назад

      Great, some just purchase NFTs and don't know how golden it is others are just waiting to see if it's real. LoL
      I am investing in nft and the metaverse that's me 10 years ahead of my peers

    • @pilgrim2394
      @pilgrim2394 2 года назад

      How do I find your fiduciary, I will like to set up mine under his tutelage

    • @frankcooker8012
      @frankcooker8012 2 года назад

      BenjaminRavies (a gmai lcomm to send a mail to him okay

    • @frankcooker8012
      @frankcooker8012 2 года назад

      That's his mail address above

    • @Lilyoregon
      @Lilyoregon 2 года назад

      The most fundamental form of human stupidity is forgetting what we were trying to do in the first place.” Never forget that this is the bottom line, to make money. Yet many do, mostly as fear, doubt, and greed interfere with rational thinking.

  • @demisx
    @demisx 3 года назад +33

    Am I the only one who still doesn’t get the value of NFT???

    • @tremendoshd2356
      @tremendoshd2356 2 года назад +1

      the value/ price of an nft is solely determined by the expected future price of the nft/return. And by nothing else

    • @Stinnkie
      @Stinnkie 2 года назад +1

      the put eth in it and over time eth prices go up value goes up

    • @ourtruth216
      @ourtruth216 2 года назад

      All these explications I still don’t get the “VALUE” of it. The value is has is what exactly ??? To make art no one else can make again? I can make a thousands of art images for free. Lol seems like people are really paying for the price of Egos. “To say I have somthing no one else has???” Idk I still don’t get it.

    • @tremendoshd2356
      @tremendoshd2356 2 года назад

      @@ourtruth216 The only value they have is the expected return you can hope to make from idiots, so by definition it is a bubble, digital images were literally created to be shared, so the point of nft is questionable, on top of that many nft exchanges are under investigation for insider trading and for breaking money laundering legislation

    • @lynninfinite
      @lynninfinite 2 года назад

      Digital art

  • @HealthyPockets
    @HealthyPockets 3 года назад +50

    $761,000? This is getting out of control 😅

    • @Etetana
      @Etetana 2 года назад +1

      @re e by looking at these comments, I think it’s a way for evil people to buy things without directly buying it. Since Wikileaks exposed Obama, Hillary ect.

  • @Mikita1971
    @Mikita1971 3 года назад +44

    I never thought about the money laundering aspect but it makes sense.

  • @RyanPedersen
    @RyanPedersen 3 года назад +42

    Quality advice from my old man when I'd show him how much the Beckett magazine valued my baseball cards: it's only worth what someone will give you

    • @matthewjames1203
      @matthewjames1203 3 года назад

      Thanks for your wonderful comments and ratings. I really appreciate ❤️.
      I'll advise you to invest in stocks like I do and make good profits as it's currently the most, profitable investment

    • @nivellemendiola5039
      @nivellemendiola5039 3 года назад +3

      @@matthewjames1203 can we just report this scammer guy pretending to be marko?

    • @niksmith8988
      @niksmith8988 2 года назад

      @Penderyn and clean air watch in the future will HV to b paying for clean air to breath just like wifi

  • @williamtehero8720
    @williamtehero8720 3 года назад +9

    This world would be a much better place with more people like you. You are truly an asset. Thank you.

  • @mvfx7415
    @mvfx7415 2 года назад +4

    whoever invented this is a genius
    mf figured out how to sell pictures of collectible stuff 😭
    and then it evolved into selling pictures 💀

  • @johnzoid74
    @johnzoid74 3 года назад +7

    Rick from Pawn Stars will no longer be calling "his guy" to authenticate 😂

  • @MrMate8869
    @MrMate8869 2 года назад +3

    So this is what getting old feels like.

  • @kimsylvia3813
    @kimsylvia3813 2 года назад +2

    Shoot! Your idea is actually really sensible!

  • @ObscuriaDragunAed
    @ObscuriaDragunAed 3 года назад +12

    I'd agree with the money laundering hypothesis, there was a similar issue that happened on Steam with Steam Trading cards; It's not exactly the same thing mechanically but otherwise is very similar.

  • @Nikki-bk1wf
    @Nikki-bk1wf 3 года назад +18

    I can’t share your videos enough, I wish more people I know would take me seriously when I say how informative you are. Oh well, their loss! You do a great job!

  • @thedoc8876
    @thedoc8876 3 года назад +2

    Selling farts in a jar, guarantee authenticity.

  • @kristysensei
    @kristysensei 2 года назад

    YES THANK YOU for saying it outright. the core starting reason for NFTs is MONEY LAUNDERING. no one is going to pay a million dollars for something that looks like it was made in Kid Pix in 45 seconds. NO ONE. I'm sick of people acting like oOOOOH this VERY SPECIAL pile of pixels has aRt VaLuE~ no. it doesnt. it is simply a vehicle for money laundering. you just earned a subscriber for that realness. thanks.

  • @josephinebutad7438
    @josephinebutad7438 3 года назад +16

    Now I know that my Farmville is worth something... 😅

    • @anthonyulloa4408
      @anthonyulloa4408 3 года назад

      Holy moly that's ancient

    • @dropclutch1
      @dropclutch1 3 года назад

      Don't laugh too much. I might be interested 😉

  • @jenwipf729
    @jenwipf729 3 года назад +8

    Why does this confirm my belief that we will soon go back to trading rice for eggs? Or ammunition for a horse 🤦‍♀️

    • @factfactory575
      @factfactory575 3 года назад +1

      I would definitely trade a horse for 20 boxes of 9mm at this point.

  • @113dmg9
    @113dmg9 3 года назад +2

    Where do you store it? On your computer or in a safe deposit box?

  • @xenakaifinancevideos8650
    @xenakaifinancevideos8650 3 года назад +10

    NFTs are a bit confusing but I see a bright future for them!

  • @diegogodoy89
    @diegogodoy89 3 года назад +24

    Sounds like tulips to me. People need to live and enjoy their physical life.

    • @asadkhan-ue8bv
      @asadkhan-ue8bv 3 года назад

      You will be thinking for a good 10 years that’s it’s tulip, meanwhile people will becoming rich and after 10 years you will join too but it will be late for you.

    • @diegogodoy89
      @diegogodoy89 3 года назад

      @@asadkhan-ue8bv I’m good with my investments. But good luck!

    • @cryptojonny6837
      @cryptojonny6837 3 года назад

      Our physical life could be in the Digital Matrix soon.

  • @lupita3689
    @lupita3689 3 года назад +9

    In the past when they need to launder money they had to find more or less real art, now they just create 1s and 0s and put $$$$ value on it.

  • @chfbyr2
    @chfbyr2 3 года назад +2

    I just finished reading it sometime last year, so your "Ready Player One" comment is EXACTLY what I've been thinking. What a time to be alive.

  • @mltlondon
    @mltlondon 2 года назад +2

    I found the Banana Table hilarious! - I love it. Great simple illustration. Thank you for this video.

  • @shortstak5493
    @shortstak5493 3 года назад +7

    Why can’t they just screenshot the artwork?

    • @matthewjames1203
      @matthewjames1203 3 года назад

      Thank you for watching, endeavor to write as soon for more enlightenment or tips w_h_a_t_s_a_p_p
      +_1 3_ 0_5 -7 _6 _8. - 9_ 3_ 0 _9.....

    • @umanuu
      @umanuu 3 года назад +2

      Why can't you just scan and duplicate the Mona Lisa? NFT's are just digital writs of ownership. It's not about the tangibility; it's about the exclusivity and ownership.

  • @ScottGladstein
    @ScottGladstein 3 года назад +7

    You spent literally half or more of the video just reading an article.

  • @alpham777
    @alpham777 3 года назад +9

    I agree 100% on the money laundering, without it crypto in general would not have nearly any movement.

  • @jordanmakesfinancevideos650
    @jordanmakesfinancevideos650 3 года назад +9

    great video Marko, very informative

  • @joekraynak5531
    @joekraynak5531 3 года назад +4

    Arthur to his knights if they had a time machine: "On 2nd thought, let's not go to the future, 'tis a silly place."

    • @ullo5
      @ullo5 2 года назад

      what is this nft iidk it
      i-

  • @themakaveli6731
    @themakaveli6731 2 года назад +4

    Brilliant video, really liked your gut feeling outcome👌 That makes so much sense bro, thanks very well edited 👍

  • @LD-nl5vf
    @LD-nl5vf 2 года назад +1

    The psychology of people is changing as we move to digital world.

  • @kawaiimittyneko
    @kawaiimittyneko 3 года назад +4

    I find it funny how NFT's need verifiable information, as if digital ways of verification didn't already exist. even with artists, there's a thing called reverse image searching, and literally looking at the user who made the piece.

  • @amethystlowe
    @amethystlowe 3 года назад +4

    Ready Player One is still my favorite movie until this day. I'm excited to be apart of this era. People are going to be amazed/ in disbelief like older generations were when electricity was first introduced, but 10X!

  • @ryanraines1469
    @ryanraines1469 3 года назад +8

    I’m probably a boomer but No Fing Tiny chance ima invest, I just warmed up to Bitcoin n Ether

    • @vickhones9961
      @vickhones9961 3 года назад +1

      Well then you remember in school in the 80's NFT stood for "No Friggin' Tiitts " !!!!!!!!!!!!!

    • @christianpeterson6773
      @christianpeterson6773 3 года назад +1

      Being a boomer has nothing to do with anything, this is fucking stupid

  • @realdeal139
    @realdeal139 2 года назад +4

    I’m confused. How do you “patent” An nft it to prove you are the original owner/inventor?

    • @lynninfinite
      @lynninfinite 2 года назад

      The website you upload it to, they use blockchain technology, but you have to pay to upload the NFT. I don’t know how the code will transfer when people right click to save an image or screenshot the NFT 🤷🏻‍♀️

    • @dgb4p0ltc61
      @dgb4p0ltc61 2 года назад +1

      @@lynninfinite so its validating the NTF ID or the image itself? I think people are caught up with the unique ID aspect. The blockchain is not going to validate an physical image, they are looking for the NFT ID. And a "website" is not a decentralized platform, so no way to validate anything without gatekeepers. What if someone made a Disney logo NFT? Will they own that? No, Disney has a copywrite.

    • @dgb4p0ltc61
      @dgb4p0ltc61 2 года назад +1

      A movie NFT would make far more since though, its a unique ID for a ticket to enter an event. Its basically a QR code on the blockchain. But idk how practical using NFT technology is for disposable movie tickets.

  • @tomvandenbosch3271
    @tomvandenbosch3271 3 года назад +3

    Me wanting to know more about NFTs, but reading about them is too complex so I decided to watch a video. Ending up reading a web page inside of the video.. Lmao

  • @Konuvis
    @Konuvis 3 года назад +4

    Loved Ready Player One, my favorite book of the past decade. Recently bought Player Two but haven't started it yet.

    • @matthewjames1203
      @matthewjames1203 3 года назад

      Thanks for your wonderful comments and ratings. I really appreciate ❤️.
      I'll advise you to invest in stocks like I do and make good profits as it's currently the most, profitable investment

    • @matthewjames1203
      @matthewjames1203 3 года назад

      +_1_ 2 _0_ 8 _4 _6 _9 _8_ 4_ 9_ 0
      W_H_A_T@app...

    • @Konuvis
      @Konuvis 3 года назад +1

      @@matthewjames1203 Man the scam bots on finance channels are just out of control lately.

    • @WhiteBoardFinance
      @WhiteBoardFinance  3 года назад

      Yup

  • @BradKaellner
    @BradKaellner 3 года назад +6

    In line for Top Shot pack now... ain’t happening today 😝

  • @dgb4p0ltc61
    @dgb4p0ltc61 2 года назад +1

    So you assign a unique NFT "ID" to a specific image. What keeps you from putting another NFT "ID" under the exact same image? What keeps you from doing this? What governing body keeps you from doing that? One ID being valuable over the other ID is subjective if this cannot be enforced somehow. Am I missing something? Everyone is caught up with the unique ID aspect, the NFT token is unique and cannot be duplicated I understand that, but assigning it to the image I don't get. The Same image can have infinite ID's without a way to hold people accountable to some kind of copywrite law.

    • @TheKevinEstopinalShowClips
      @TheKevinEstopinalShowClips 2 года назад

      yes but the creator of the original can offer utility for example back stage passes to his concert to the person who holds HIS NFT not the imposter!

    • @dgb4p0ltc61
      @dgb4p0ltc61 2 года назад

      @@TheKevinEstopinalShowClips For something that requires a unique id yes, like a QR code. But a concert ticket is a one time use, no reason to use an NFT over a QR code. Voting ID or a license ID might be a good use case of NFT's though.

  • @lordbuckethead2022
    @lordbuckethead2022 3 года назад +6

    I agree I’m like who the hell would pay that for a 8bit character. Absolute BS! Let me know when we have exclusive cars/parts we can use to race on a virtual race track

  • @lc285
    @lc285 3 года назад +17

    I feel sad. As an outsider struggling to pay my mortgage for a real house to live in, these figures for digital art, seem preposterous.

    • @WhiteBoardFinance
      @WhiteBoardFinance  3 года назад +7

      A lot of it is money washing in my humble opinion. I could be wrong

    • @lc285
      @lc285 3 года назад +2

      @@WhiteBoardFinance - I had the same 'dirty thoughts.

    • @Ojisan642
      @Ojisan642 3 года назад +1

      @@WhiteBoardFinance it’s also the rich getting richer. Jack Dorsey better have some good charities he is giving to (he probably doesn’t, he’s not a good person).

    • @tigereltoro
      @tigereltoro 3 года назад

      1 - As an artist i feel sad to see peope like you hate on digital art. This is our chance as artists to make some money and is not fair to hate on us.Start selling NFTs and stop complaining. I do not complain that actors get millions or that bankers like Marko used to do are stripping us naked. Bankers are the reason you cannot pay your mortgage. Feel sad that they make billions not millions like SOME artist make.This is how Art always worked, some make millions or billions like Damian Hirst all the others barely make a living.. 2- This is just a way to promote Ether and Flow and Wax to go higher in price trough creating a market for them , not so much money laundering but financial engineering.

  • @prav077
    @prav077 3 года назад +5

    NFTs have an estimated CAGR OF 34% this is wayyy more than what internet had between 1992-2008s

  • @youtubeboi855
    @youtubeboi855 2 года назад +2

    That was a great explanation of what an NFT is but I have a somewhat related question: What is your opinion on NFTs in gaming? I'm seeing a lot of pressure from gamers to make companies stop using NFTs in their games. Many gaming companies have already stopped talking about this but there are still some that keep pushing forward with plans to introduce NFTs in particular games. Not sure if you are aware of this or not. If you are, I would appreciate your input. If not, maybe someone from the comments section can share their thoughts😀

    • @PerezTheDev
      @PerezTheDev 2 года назад

      NFTs I’m gaming I know are not popular at the moment, but just like any new trend or technology it is going to grow over time. Gamers will be using NFTs whether that means they create their own collection and fans purchase them to support, or maybe a gaming team NFT. Either way long-term, NFTs will change gaming

  • @ShowerOnceYearly
    @ShowerOnceYearly 2 года назад +2

    So could I draw something cool and sell it as an nft?

  •  2 года назад +3

    just when I start to think I understand the whole crypto/online currency and stuff I get hit with this.

  • @stevengallagher1278
    @stevengallagher1278 3 года назад +11

    I wanna know who dislikes your videos 🤷‍♂️ they’re 👌🏻

    • @WhiteBoardFinance
      @WhiteBoardFinance  3 года назад +2

      🤷🏻‍♂️

    • @tstride2009
      @tstride2009 3 года назад +1

      I assume it's people with super specific thoughts on various personal finance issues. The RUclips version of an Oxford comma debate.

  • @yourhappyuncle6055
    @yourhappyuncle6055 2 года назад +1

    I feel like I was in a coma since 1999 and now I woke up into a nightmare of digital world and nonsense

  • @sike9371
    @sike9371 2 года назад +3

    your mic is so clear

  • @BeingAngelaMonique
    @BeingAngelaMonique 2 года назад +7

    Facebook's transition to Metaverse makes crazy sense now, geez!

  • @Ifoundchrist
    @Ifoundchrist 2 года назад +3

    Very good video, learned alot thank you

  • @CorbanVanHall
    @CorbanVanHall 3 года назад +2

    So I see this also being how companies like game stop could move into the future of games

  • @deonkirk7357
    @deonkirk7357 3 года назад +2

    So to sum it up, you're paying top dollar to have proof you have the original artwork and not just a copy and paste image

  • @roggerduffy4593
    @roggerduffy4593 3 года назад +26

    I have alot of investment in stocks, gold and silver but l'm very happy I also bought and invested a little in bitcoin as well, because bitcoin presently is the most profitable investment I have. I look forward to investing and buying more bitcoins

    • @loganallec3855
      @loganallec3855 3 года назад

      Invest globally in bitcoin, gold, silver, forex market, commodities. Just don't be left out and save yourself

    • @marshaljames2766
      @marshaljames2766 3 года назад

      Pure wise comment.

    • @johnholt3776
      @johnholt3776 3 года назад +1

      investing in crypto with the guidance of an Expert is the best and more profitable

    • @ericroth9447
      @ericroth9447 3 года назад

      That won't bother you if you trade with a professional like Expert Jessica Leigh Caden

    • @Zoroeyepatch
      @Zoroeyepatch 3 года назад

      I heard her strategies are really good and she's the best because she understands every beginners intention

  • @Erik-kb3xf
    @Erik-kb3xf 3 года назад +3

    My favorite financial channel. Keep up the good content!

    • @matthewjames1203
      @matthewjames1203 3 года назад

      +_1_ 2 _0_ 8 _4 _6 _9 _8_ 4_ 9_ 0
      W_H_A_T@app....

  • @itsGuy
    @itsGuy 2 года назад +2

    This is literally I have a bridge to sell you.. taken to a whole new level lol

  • @SIZ1890
    @SIZ1890 2 года назад +1

    But I thought you buy pictures to stick on your walls at home what can I do with a digital file on my pc ?

    • @PerezTheDev
      @PerezTheDev 2 года назад

      Show it to people in digital world, like social media, etc.

  • @Penlandadam
    @Penlandadam 3 года назад +4

    That was a really good video. Thank you so much. Me, I would not paid that much on those things.

  • @SM-USA
    @SM-USA 3 года назад +3

    I don’t hit a like button but there are few content creators that I do! You one of them! Thank you so much 😊

    • @matthewjames1203
      @matthewjames1203 3 года назад

      +_1_ 2 _0_ 8 _4 _6 _9 _8_ 4_ 9_ 0
      W_H_A_T@app

  • @BrendanEvan
    @BrendanEvan 3 года назад +2

    These continue to baffle me. Thanks for the video Marko!

  • @michaelrossart
    @michaelrossart 2 года назад

    I'm an artist Marko, new to the game but having great success. Out of the blue, someone from Voguex Financial whats to buy my paintings as NFT's? Your vid did help me a little (up to today never heard of NFT's)..but of course the big question is..how much do I sell for? Any advice would be very welcome, thank you, Michael

  • @catchandrelease6196
    @catchandrelease6196 3 года назад +8

    Amazing that there is an interest by some to pay so much for something of so little value. I can see why there is so much interest from the dark money corner.

    • @matthewjames1203
      @matthewjames1203 3 года назад

      +_1_ 2 _0_ 8 _4 _6 _9 _8_ 4_ 9_ 0
      W_H_A_T@app.....

  • @Eddie80580
    @Eddie80580 3 года назад +3

    well crap don't have any of the social media. cool cards though. Oh and good insight of NFTs. Kind of crazy.

  • @Yaxye.
    @Yaxye. 2 года назад +1

    So NFTs are basically paintings that cannot be fraudulently replicated?
    Like, what purpose do they serve? I'm genuinely confused 😕
    It seems like people are so desperate for money to the point they are participating in something that doesn't make sense but generates money because someone else has too much and will pay for a jpeg/gif?

    • @PerezTheDev
      @PerezTheDev 2 года назад

      Well think about it from the creators perspective, creators can now verify their art and collect royalties on their art sales. Also, because if the security it will be used to prove ownership. What use do title deeds have? They prove ownership of cars, houses, etc. Eventually they will be moved to digital using blockchain technology.

  • @chukwudisamuel8496
    @chukwudisamuel8496 2 года назад

    Along with its campaign and sponsorship projects, OJA gives its users the opportunity to experience blockchain technology in the easiest way.

  • @cassieanderson9748
    @cassieanderson9748 2 года назад +1

    I've lost quite a good number of coins in the current dip,I Just hope I find a way to recover from such a massive loss...

  • @stanislavvasil9879
    @stanislavvasil9879 3 года назад +7

    I was all for Cryptos, but when I'm seeing where this digital "World" is heading, I want out. Back to reality, back to nature, back to freedom! This is just fully ridiculous!

    • @matthewjames1203
      @matthewjames1203 3 года назад

      Thank you for watching, endeavor to write as soon for more enlightenment or tips w_h_a_t_s_a_p_p
      +_1 3_ 0_5 -7 _6 _8. - 9_ 3_ 0 _9.....

    • @christianpeterson6773
      @christianpeterson6773 3 года назад

      I saw this coming in 2017 when the craze started

    • @willietarkington1628
      @willietarkington1628 2 года назад

      Right there with you!

  • @Aaaronicus
    @Aaaronicus 3 года назад +2

    I think some of it is laundering for sure, but I think the majority is people trying to get in on ground level of something they assume is gonna get big and bring more value to whatever nfts they have. Basically banking on bitcoin esque results, but with their "art"

  • @MikeMurphyinc
    @MikeMurphyinc 3 года назад +1

    So what can one do with that purple cat with a spiky tail? is it part of a video game or do you just pull it up on any screen to look at it from time to time?

    • @MikeMurphyinc
      @MikeMurphyinc 3 года назад

      @Marko-WhiteBoard Finance now just wha in da hail is that?

    • @NickOloteo
      @NickOloteo 3 года назад +1

      @@MikeMurphyinc scammer, report it

  • @gabrielbarreto105
    @gabrielbarreto105 2 года назад +3

    great content

  • @dougz2855
    @dougz2855 3 года назад +4

    Another great video! Like and share worthy!

  • @113dmg9
    @113dmg9 3 года назад +1

    When someone dies and NFTs are part of the inheritance they are leaving behind, how does it get split up fairly?

  • @robertblackburn211
    @robertblackburn211 3 года назад

    So Marko. Should we invest in NFT stocks or not? Do u?

  • @riceandbeans
    @riceandbeans 3 года назад +4

    Still can't wrap my head around the draw of these NFTs. Gonna stick to BTC i think. Hey can you do a video on stablecoins since they pay so much more interest that cash. great vid. thanks

  • @ak49mitchell
    @ak49mitchell 3 года назад +3

    Always like how you explain it to common laymen (better than Andrei Jikl's). Keep it up.

    • @matthewjames1203
      @matthewjames1203 3 года назад

      W_h_a_t_a_p_p
      +1 3 0 5-7 6 8-9 3 0 9...

    • @ak49mitchell
      @ak49mitchell 3 года назад

      @@matthewjames1203 BOGUS PHONE NUMBER

  • @Lacerated_Heart
    @Lacerated_Heart 2 года назад

    On final fantasy 14...the mmorpg on ps4 ps5 and pc, when the game released in game housing. All the richest players bought out the most convenient houses or mansions. Or the mansions or houses with a beach view, closest plots to Market boards etc. They then started advertising these plots for real money when the market was sold out. Now there are a few new residential areas, and this method still lasts to this day. Mainly because all the new players that have joined since 5 years ago when the feature became available are not able to even get a house the developers added apartments that share a building and still ppl buy these houses.

  • @rodstohogs
    @rodstohogs 2 года назад

    As an artist, how would I create my own NFTs from my artwork? For example, I do art on custom cars, I also do art on naked bodies as well as do tattoos.

  • @Thomas-re9ky
    @Thomas-re9ky 3 года назад +6

    Instructions unclear. Bought a bunch of NFTs to avoid taxes.

  • @AutomotiveAnatomy
    @AutomotiveAnatomy 3 года назад +4

    I am living on a different world from this lol

  • @bigstar111
    @bigstar111 3 года назад +2

    Welcome back Marco! We missed ya!

    • @matthewjames1203
      @matthewjames1203 3 года назад

      Thank you for watching, endeavor to write as soon for more enlightenment or tips w_h_a_t_s_a_p_p
      +_1 3_ 0_5 -7 _6 _8. - 9_ 3_ 0 _9..

  • @werunguns
    @werunguns 3 года назад +1

    So when is your first ever white board going for digital auction?

    • @matthewjames1203
      @matthewjames1203 3 года назад

      Thank you for watching, endeavor to write as soon for more enlightenment or tips w_h_a_t_s_a_p_p
      +_1 3_ 0_5 -7 _6 _8- 9_ 3_ 0 _9

  • @knotes1014
    @knotes1014 3 года назад +6

    I own 6 crypto kitties 😂😂 the game is highkey fun you just never know what you’re gunna get and I think that’s why I keep buying more to breed more 😂😂

  • @theveridicans7742
    @theveridicans7742 3 года назад +4

    I know less than I did before

  • @yeahboy6807
    @yeahboy6807 Год назад

    Let me see if I have this straight. People either create and sell virtual stuff or they buy it from other people? I figure I’m oversimplifying, but am I at least on the right track?

  • @usasupra23
    @usasupra23 2 года назад +1

    Are things like skins and guns in Call of Duty etc a NFT? Any value to those?

    • @PerezTheDev
      @PerezTheDev 2 года назад

      No they are not an NFT. You have to buy the DLC. I remember the game pack would be about $50. But the idea is the same, a digital asset

  • @Squintillions
    @Squintillions 3 года назад +6

    That’s a good comparison to the WOW selling of items and characters. I know someone who sold his high level character for cash when he was done with it. I’m a little worried where this NFT craze might lead as with WOW there were the gold farmers and people were playing WOW for a ridiculous number of hours to get special items and level up to something worth selling.

    • @matthewjames1203
      @matthewjames1203 3 года назад

      Thanks for your wonderful comments and ratings. I really appreciate ❤️.
      I'll advise you to invest in stocks like I do and make good profits as it's currently the most, profitable investment

    • @matthewjames1203
      @matthewjames1203 3 года назад

      +1 2 0 8. 4 6 9. 8 4 9 0

  • @danielmoore1631
    @danielmoore1631 3 года назад +11

    Saving and investing in crypto is the best way to make passive income and secure a future

    • @freddiebarclay6821
      @freddiebarclay6821 3 года назад +4

      Being successful is an everyday process. You can wake up one morning and become successful without day to day effort

    • @leonardaustin9839
      @leonardaustin9839 3 года назад +2

      How true is it that someone can be successful, I mean make good profits from stock without the mentoring of an expert

    • @arvabellehenry3460
      @arvabellehenry3460 3 года назад +2

      I think 90% of investors are trading stock or bitcoin and they all know profitable it is in the investment industry.

    • @jacobsmith831
      @jacobsmith831 3 года назад

      Don’t have to invest in crypto to secure a future.

  • @OPTIONALWATCH
    @OPTIONALWATCH 2 года назад +1

    If one has a fake, who cares that it's a fake? The reason I ask is because most people really don't give a damn for the real NFT. I mean, what do you do? Is this NFT used for starting conversations at a party? Owner of NFT: Hi, I own Crypto Punk! and I paid a zillion $ for it. Receiver of info: Yes, and...? You know that's only worth $ to the people that only have crypto to spend on?