Beeple Explains The Absurdity Of NFTs | So Expensive
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- Опубликовано: 14 окт 2024
- Mike Winkelmann, better known as Beeple, has sold the most expensive digital artwork in history. It’s part of an explosion in the market for NFTs - tokens that prove ownership of things like digital art that you can’t even touch.
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Beeple Explains The Absurdity Of NFTs | So Expensive
People are amazed about the fact that he has done one render a day for 13 years and I am more amazed that he did not cuss even once.
He said douchie, haha
He did and a lot. It was just cut))
Real Beeple fan spotted.
@@chuckf3109 not really he probably just watched corridor crew's vid ;d
They need to post the blooper reel.
People will glance over the fact that Mike made an artwork everyday for 13 years straight. While also letting VJ's use his animations for free at events like Coachella, and other music festivals. This guy has done tutorials, givin free content to people and stayed consistent for over a decade.
Dont look at this as an overnight success or even something that was easy. Its really not and the odds of you being able to do any of this is incredibly low, especially if you are only going to get into art for money.
What’s his RUclips?
@@karsonh7929 Beeple
Thanks for reminding people about this important side of the story
I don't think anyone is mad about him getting rich. More the oddly stupid reason he did.
Good for him for capitalizing on stupidity and trends.
@@rdizzleoriginal Blockchain technology isn’t a trend. It’s the future
NFT are the biggest WTF moment I ever seen.
I expect this will last as long as Quibi
What the funge...?
@@ashketchup247 NFT's have been around since the mid-2010s so... it's already been around far longer than Quibi.
I wonder how much she was paid to say she didn’t sell it for 50k cause it would go up in price 🤣 TRASH
I got in last year . Missing around I uploaded a picture my daughter drew and sold it for .1 eth.. this nft craze is a blessing.
“When bankers get together they talk about art. When artists get together, they talk about money.”
- Oscar Wilde
I like that
It’s usually normal for people to NOT talk about their work once they’re done with it.
I do art I don’t think it’s just for money wtf I do it for fun quality not qaunity
@A H I’m a hobbyist lol
@@bencgiandorigami731 then you aren't what Oscar Wilde was referring to
Even the artist questioning the value of his own art make you wonder about the people who buy it
Yeah bro who knows
I like the way you put it, and the answer is quite simple: they dont even care what they are buying, they just wanna get some returns.
tax write off for business
@@Tony-kj7ui Yeap who ever bought it must be a person who makes millions of dollars and probably wrote it off on the tax so eventually he got it for free such a corrupt world lol
@@Tony-kj7ui Or possibly laundering..
In some years i expect to see
"The rise and fall of NFT Art"
*month
@@idib1739 day*
@@charlesrodriguez7984 *hours
@@samuelimanuel7643 *minuites
@@dennisg8371 seconds*
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Beeple is a awesome artist and so much money to be made in NFTs because of the crypto whales though tbh. I'm just a glad to be a part n understand the space so well. Just got into Bangsta Bears nft and the community is awesome, I've learned a crap ton!
I Screen shotted your nft
@@Milk-yi9hg hahaha
Thx for the free image.
Don't mind If I screenshot
I’m screenshotting everything btw
I'm actually really happy for him. I've followed Beeple for a long time, and I'm happy to see he's actually making money from something he enjoys doing.
People paid high prices for tulips hundreds of years ago because "someone" made others think they were really valuable. Nothing really has value until someone says it does. Then it's up to you to either believe it is or isn't. If you think these jpegs and gifs are worth what someone says it is, go ahead. Just don't be surprised if it all comes crashing down. Like the tulip price did.
Exactly.
Fools and their money will soon be departed.
Rich people buy art for tax reasons
Or like Bitcoin didn't and everbody said if was a scam
Most underrated comment on here. People forget about the tulip craze
Do I look like I know what a JPEG is?
With crypto currency and nfts I understand the world less then I ever have before I mean wtf
it's confusing true but quite logical : everything is getting dematerialised and stock on the internet. nft and crytpos are just digitalise what have values. who knows the next step would be to digitalise humans soul on a usb key.
@@octavianeandracles5868 you scared me ;-;
Yeah i first realized it with itunes back in the day. You were paying for something that wasn't tangible. Then all the streaming services. People are moving toward less clutter. Lol
@@alexanderperez2732Exactly ! imagine to sell to each people of earth one dvd of a movie. and sell them the same movie on a streaming service. the infrastructure and the cost are way important for a materialsed society. Netflix first started by renting dvds but noticed the limit. The danger of this dematerialised society would be that you ain't the real "owner" of your content , so companies could change your property (like the original Star Wars ) according to new standarts and that can be a very dangerous perspective. the blockchain can avoid this 1984 world by proving to all the system you are the owner of a non censored product.
Demand =\= value
Wasn't in 5 minutes though. He works every single day.
Every single day for 14 years.
overnight success takes a long ass time.
Hes got some cool art. No hate to him and congrats on his success but ive done a lot more than digital art from a risk perspective and made people ~billion(s) of dollars including one of this guys boss's boss's boss's etc boss. Nobody paid me shit at the moment. More than market inefficiency.
Still 70 million is a lot. 70% of the people in the world can work everyday for 70 years and not make a million dollars.
Regardless of the input from the creator, you are paying something and getting nothing. And you are hoping to sell that nothing for more than you bought that nothing for. There is no substance or value to any of this. And the whole idea that people actually want digital art is bullshit. Nobody wants to say I spent millions on a few pixels. There is no demand for this art. The only reason people are jumping on this is because people are jumping on this. This is nonsense.
No one:
Business Insider: Changes title from $70 million to $69 million
I googled him and they said $69 million not $70 million
Noice
Nice
@@joshchen8679 Yea I just meant the title was originally $70 million and then they changed it a few minutes after it was posted.
It's ok not too much 👌
It's almost we are living in an absurd parallel world since 2020.
The purpose of NFT is not art, it is creating/duplicating your money. You create art, your rich friend buys it. You give money back, keep the art. The art becomes a token of what has been paid. You liquidate the token, get real money, someone else can inflate it and sell to someone else.
It's basically creating tokens of real money and later selling them for real money, while the owner is left worth the "idea" of value.
Quite genius really, however highly highly manipulated. Not relevant either.
It's basicly a money tree but works only on people who are already rich. As always in real life, if you're reach is easy to get richer.
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He really deserved this after 18 years of publishing hir artwork for free. For anyone saying he got lucky, that's just dumb cause he'd done so much before he got this hit.
He's lucky.
@@sahilmeena8018 no, his hard work paid off
His hard work did pay off, but he got seriously lucky! This NFT craze is Beanie baby craze multiplied by Fed helicopter money. It may just be the final warning sign of the instability and irrationality of today's markets.
@@johnnyrambles totally agree, but I just didn't want it to go dismissed that his artwork is so valuable because of his persistent art animations he's been doing for years without missing a day
If normal people get 2K a month. NOBODY CAN WORK SO HARD TO DESERVE A MULTIPLY OF IT BY (choose number far beyond 2)!
This has NOTHING TO DO WITH DESERVE. It is LUCK and not DESERVED BY WORK.
So when you're buying a tweet or some digital art for multiple millions, what are you getting that other don't? I don't see the point
I honestly have no idea
OMG, why can’t you Neanderthals understand!!! You are the owner of the item. Everyone can enjoy the Grand Canyon but only one person can own it . Please continue to wear your masks and keep social distancing
@@stephenlambert6407 still no point lmao
@@stephenlambert6407 how do you know this person is from Netherlands either way?😂😂
@@almareyes2192 you troll, you have no concept of art, are you mad that you can’t afford this? Maybe I’ll buy you a MAGA piece for your collection
In my opinion there is no point in owning nft but good for the guy. 70 million is a ton of money for just pixels.
Especially when someone hacks it and steals it
@@EmillioMelendez I don't think you can hack NFTs. It's like trying to hack copyrights.
Joe Blake quantum computers can hack a blockchain.
@@EmillioMelendez it would be like hacking the Bitcoin blockchain, not gonna happen!
@@bngr_bngr what does blockchain have to do with copyrights? Plus the only quantum computer that can currently do that is owned by Google and IBM.
I think Beeple capitalized at the right time in the nft market to achieve such wild sales numbers. Without a serious online following, it's difficult for an artist to sell individual pieces like this now. Collection-based projects are all the rage, and as an artist myself, this is how I've been able to earn a living the past year.
This phenomenon can be explained in one word: TULIPS 🌷 In the meantime, Beeple and others are laughing to the bank. 🤣
As someone who has been using the same programs as Beeple does for his work for the past couple years, I can vouch that it is NOT easy. He put in tons of time, effort, equipment, and used extensive connections to get his work out there publicly for YEARS before ever seeing anything substantive from it. Don't expect to be successful, even if you can produce top tier artwork. His story is hard work and happenstance, in equal servings.
(Really love Beeple's Salvador Dali-esque surrealism style)
Wheres your work?
Do you think he works alone? Many artists, writers, people of creativity are not shy and give part of the work to others, so that at the end they can finish it and put their signature.
I love your words "His story is hard work and happenstance, in equal servings. "
Fair enough.
I just hope that he has a good accountant. Because the day he sells his ETH, he is going to have some real mofo income tax to pay. ^__^
The movie IDIOCRACY is becoming reality faster than anyone expected...
They are selling ownership. It makes sense but what they are using it for it's silly
Try to think back when facebook came out. It was stupid to the majority. Why do I need so called digital friends? I have real friends. Nowadays we can’t live without it. Either we are developing or we are just stage by stage more idiotic.
@@kriskorat Nah, i don't need facebook.
@@kriskorat yea but facebook makes sense, u connect with other people and stuff, nfts are just plain dumb, rich people buy them to have a fake feeling of exclusivity and theyre harmful for the enviroment
I'm confused. Buying art for millions is one thing, but buying digital art for millions is another.
its really the same thing. U dont own the mona lisa just because you can look at a picture of it.
It’s not even owning a digital... you basically own a digital signed version of the art...
nah any art is just bullshit the art market is just for money laundering they don't buy the thing for the thing, they buy it for what everyone says it's worth
@@Nitrodino7875 that 'Cannot Be Forged, copied or Duplication made.
You are not buying the art. You are a buying a receipt of of digital ownership. It's literally worthless. NFT as a technology is fantastic. But this NFT art craze is literally people buying digital receipts for products they don't even get. You can also think about it as buying a digital signature of someone. It's completely idiotic.
I thought spending money on in game loot was a waste, imagine my surprise when i saw this 😂😂
At least the sword of the destroyer has a dps of 17.5 with +INT.
@@applejuice3500 who would want to buy it? There's no value in keeping it.
Imagine an Indian brought that art.
This is one of those signs of an overall market bubble. You young guys get to see it for the first time, so 20 or so years from now you'll know it when it happens again.
This has been amusing. While everyone is scrambling, trying to figure our how this could have happened, I'm just sitting here laughing my ass off because this is also how the fine art market works. NFTs just point to the absurdity of the things we assign value to. There's no debate on whether or not digital art has intrinsic value, because all art is worthless... And I'm saying this as an artist.
Congrats to this guy for cashing in on 13 years of work 👍
so a banana duct-taped in a wall is not an art?
I always figured fine art that sells for millions was just money laundering. It's one of the only large sales that doesn't require a form for transactions over 10,000 (form 8300 in the states).
Just saying, these NFTs seem like a great way to scrub dirty money. A good percentage of the market is probably funded by human trafficking.
It's pretty rare for someone to throw away millions because of 'intrinsic value'. Most people are hoping to sell it for more than they bought, or they're just trying to clean their money. In other words, I can buy an NFT for 50,000, then I can sell it to my buddy for 100,00, he can sell it to another buddy for 150,000 - we just cleaned 250,000. Then we can sell it to someone we don't know for 300,000 because either they too are laundering their money, or they just think they can sell for 350,000 based on the history. So there we go, 250,000 cleaned for free, and it doesn't look suspicious since it's just a couple transactions on a longer chain.
Looks to me like the whole NFT market is made of criminals and gamblers, but at least artists get some money out of it, dirty as it may be.
You're worthless only If you don't value yourself as an artist
You say all art is worthless an are an artist? lolol Video games is digital art. Movies is digital art with cgi. 2D or 3D Digital advertisements is made from art. Thats money. Even a digital piece that you enjoy looking at in your house. This is common knowledge. Digital is not worthless. Maybe you feel that your art is.
@@romanboi10 he's a troll......not an artist
The real lesson here is he make sketch everyday from 2007.
Feels like emperor's new clothes
Tulip Mania
I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.
Investing in stocks and crypto is a good idea, a good trading system would put you through many days of success.
It is possible to produce superior performance provided you do something different from the majority. However most of us tend to pay more attention to the shiniest position in the market to the cost of proper diversification.
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@@louisclifford9874 Exactly, the trick is to diversify your investment, don't panic when everyone else is and invest consistently.
Watched plenty of videos of low-income people breaking their backs harvesting poisonous cashews, farmers fighting drug cartels, people donating plasma, making perfume by hand with thousands of years of tradition, and then I see this video. People so rich, they literally don't know what to do with it. Income inequality at its finest.
All that money in the bank catching cow webs
Who else saw this guy in Corridor Crew
Which video was he in?
@@areezdordi361 I don't recall the vid title it was something with creating art every day for 5 years or something like that
@@justinphilip3502 Oh right! That video. I got it thanks man
P.s- Here's the link ruclips.net/video/_ul9jrCXhR4/видео.html
"its very, it's a lot, it's a thing, I don't know" - Beeple 2021
We're probably living in the biggest bubble mandkind has ever seen. Pretty soon we'll be buying and selling thoughts and ideas.
What do you think media franchise rights are 🤣
It’s really simple, there are lots and lots of dumb people in the world, buying physical art that you think looks good makes sense, you can put it up in your house and it makes you feel good, a digital piece of art that you can have anyway yet pay for is so so dumb, dumb people make brands big, make other people rich, good on Beeple for doing this though it’s awesome he’s getting the money he deserves for all his hard work.
You really dont get it do u? Buying physical art like banana taped to the wall is also something u can have anyway but the notion of scarcity is what drives the prices up. So buying physical art doesn't make any more sense its all about scarcity.
@@akshatghoshal6098 Small-minded people refuse to accept new things.
I dont care about nfts but the growing hatred toward cg arts is pissing me off
@@AbhinavKumar-ov3xf I don’t hate digital art 😂 I literally make it for my job, I’m a digital artist, I love it. But NFTs are a way for rich people with social media reach to exploit that and get even richer.
Imaginary constraints leading to imaginary value is why the entire economy is a bubble.
Over 7 billion in capital lol
How interesting...
Worse thing is, if one collapses a chain of others will as well, other countries that perhaps never ever heard of NFT's before. Just like the Bank collapse. Europe really got bend over for no reason.
Beeple is an inspiration for every artist minting or thinking about minting NFTs. He deserves those millions having grinded for the last 13 years producing art daily.
Do you really think that is art?
@Mass Debater you’re overlooking a lot here. He not only created and published a new relevant work every day (not something even half every artist is doing), he also gave FREE tutorials, fostered a new generation of designers that looked up to him, and gave away his work for free and even provided it in a format usable by VJS for music festivals which is a job in and of itself. He provided immense value to hundreds of thousands of people for free for a decade. I wouldn’t call it luck I would truly say that just goes to show what you put out into the world can circle back to you and that is beautiful.
@@julpasali then what did you considered art? A banana taped on the wall selling for millions?
@@hsbert7648 yes at least its better than his stuff
@@julpasali lmfao you’re an actual clown, you think digital art is just as simple as pressing one button and you create an art piece
NFT's are wild. I feel i may be missing the boat on these things, both as an artist and savvy digitally-minded person... but i just struggle with the notion of scarcity of a digital file and the implied value that creates for potential buyers. All the best to those that can find success in these frontier markets
Its literally just a front for laundering, nothing else.
@@mememachine5244 yea
I think Disney is going to come knocking and ask for their cut for all the characters he borrowed LOL
did my art assignment on this guy in 2019 before this happened, barely anyone knew him and was on his daily artwork project that he started many years ago. crazy how much money he made off a hobby that he did in his pass time.
So what was full time job?
I'm not a fan of his work at all, but damn he hit it big. Good for him
To everyone, research it for 1 week before joining in. Not all you make is going to sell. Some make lazy art and successful, and many makes beautiful art and not sold 1 bit. Make something Cultural / Zeitgeist to make it worth.
Absolutely, the world sees success as greatness. If you're not successful, you are nothing. Then we discover Henry Darger.
Facts because I've seen some art on rearible and open seas.. good art too and no one is buying them.. but i see rush lazy art and I'm like whatt.. ppl pay 6k+ for these even the one tht was featured in this video of tge pixelated cat gif
@@Sinnaclxn true it's almost about luck and popularity
But like are these platform safe? This is interesting though 🤔
@@clareysa I don't know what you mean by safe... If you meant hackable or people can stole your crypto, I don't know.
Remember back when everyone found him annoying in corridor crew
Yeah
Hahahahahaha yessss
I found him funny as hell!
@@joannot6706 I think he's like marmite you love him or you hate him.
potential shadyness, considering how analog art has always been used for money laundering
Yeah, it also sounds like they're trying to hype this up so people will rush to buy this shit.
money laundering is a industry unto itself before nft was a thing, and in that sense it democratize money laundering to the masses, or it could in theory.
The amount of time we spend believing we can't is more than enough time to learn how you can.
Am definitely stealing this, you are genius.💯
"some people are so poor all they have is money"
You are absolutely right👍,
Assets and investment is that tiny line that separates the rich from the poor.
about investment, Bitcoin is the future and with the help of a professional trader you can touch the skies.
Beeple explaining the absurdity of NFTs: "It's a lot, it's a thing.... Idk."
peoples love waste money on dumb things.
When you have more than you need it's not wasting...
Also, they can be buying something that can worth much more in the future.
People who paid 100$ for a bitcoin can explain that to you better than me
I guess bitcoin was a dumb thing to buy when it was $300 💀🤣
money makes the world go round
A lot of rich people are stupid.
People are really dumping their excess money into anything these days :”)
"these days" :")
Like... Never happened before, right?
*Glances over at fine art market nervously*
You mean, their "covid-19 paychecks"?
It won't be long before they start regretting it though. The rich get richer by the day because they know how to drove the sheeples' money right into their bank accounts...tax-free.
It's sad because digital art sells so high yet real art like drawings that need REAL skill sells not even close. What a fu*k up world we live in.
People like you 🥱 once mede fun off Digital Art by saying this is not even real art Anybody can do it. Now when people is buying this stuff for real your ass is getting 💨puffs
Some NFT are good, I can understand why they worth that much but a random scribble on a canvass and being worth a ton of cash that's what gets me mad
@@etriganthedemon666 than do it lol and sell it . Why you the f moaning
@@etriganthedemon666 like a girl
@@Moodboard39 why would I do something that makes me mad?
I've been following Beeple for a few years and he has some really amazing and inspiring stuff/concepts, I was wondering when he would get the recognition he deserves.
Well, he did? I don't think he really need to get recognised by the internet when the big corps like apple and stuff already hired him as a graphic designer.
He's basically a well known pro in the field.
If it's sarcastic, my bad then.
*One thing to notice how much Money is unevenly divided, that some people on top of the chain are spending it on NFTs*
I lost my last few brain cells watching this. Tf is going on!!
😂😭 it's 2021
For real, I wanted to watch this to understand this and I just.. I understand it less
@@paxrek what would the buyer of the art benefit from all this, assuming he have the rightful possession of the art and is not trying to sell it. Would the benefit just comes from selling the art for higher price? or will it bring money as the gp uses the art often e.g. memes?
@@paxrek except there is no original... Even the creator of the file probably won't have the original. Compitera modify them, and movements to other folders and uploads to the internet already compromise this concept of the "original file" to the point it's impossible.
It's just bragging rights.. and a right to nothing really. But it can be sold and traded, because people are desperate to "own" things and are as dumb as a rock.
@@siem9329 no, NFT value is associated with the change of ownership. Creator selling gives it the exact amount. As the "product" moves hand after that, they get a small cut.
But I believe Nafta need to be maintained, like a subscription. Not sure by whom.
So I am assuming that this is like selling the rights to a piece of intellectual property. Typically done with a contract and lawyers. Then you can go to court and prove you own something, and sue anyone who steals it, and you are backed up by the laws of the country you live in. Unsure if waltzing into a courtroom with 'NFTs' and nothing else, would be good enough for a judge.
This is the badass visual artist that was on corridor crew
For a random person to sell an nft for a huge ammount is impossible. Only verified celebs and artists are gonna be known and will have such a high value. As usual Rich are getting Richer and Poor become Poorer.
Why yes, our market is 100% stable and not nearing a possibe collapse. What makes you say that 😃
Rewarded for the effort, perhaps the most hardworking artist of the century
Wow I followed this dude last year during quarantine, what a trip.
Money laundering
Yeah people dont realise how dodgy the art world is.
@@af98 yup
Money laundering by who exactly? The ethereum network isnt controlled by anyone
Once you have something online you simply can't own it unless it's a physical painting. Anything online is simply absurd to be able to own when copies can simply be floating about with a simple click of the mouse. Though as an artist I love seeing the commotion and how seriously people are taking it.
NFT's - a market for fools. A fool and his money are soon parted...
So beetle is genuinely millions selling art he makes every day in half an hour
yes.
It usually takes him 2 hours not half an hour plus he's doing it in his "free time"
His whiney voice matches his body and art perfectly, almost comically.
Yeah no shit. He’s one of those “orange man bad” plebs.
and he's a millionaire and you're not
So those people are buying an overpriced tablet to speculate on it in a nutshell.
The NFT market has declined DRASTICALLY since this video was made.
Now I can tell my parents I want to be an artist when I grow up
etheria was discovered yesterday as the first NFT on ethereum. It’s a bunch of parcels in a land. Who knows what those will go for.
What’s that?? Explain more please
Gonna get real scary for some people when the bubble bursts.
Yup.
whether it explodes or falls apart I'll be watching with popcorn
cant wait 😂
I don’t think it’s an issue of him not deserving what he’s done, more a question of what this means for the art world
It is, in part, a question for the art world - but, more specifically, the art market. I do not yet see anything substantive for contemporary art discourses or practices, here. I'm watching and waiting ...
Why are people making this MORE complicated than it actually is ?
This is basically just a *Digital Certificate of Authenticity and Ownership* AND the "Block-chain (crypto)" characteristic means that it is recognisable by everyone else involved.
Recent "boom" came because there are some parties that scour the net, taking freely accessible pictures, and process them into NFTs (in a way stealing them). Getting the certificate costs a little money
Bro, I saw this guy on Corridor Crew! Pretty glad he found success!
oh yea i remember that ! i was trying to remember where i saw him before, nice catch.
Number $69 is awesome! Waiting for the NFT bubble to burst
Just a trend, it will eventually subdue itself. People have really forgotten to create value these days
The most impressive thing in this video is Beeple not cursing
Banksey=artist
Beeple=your average graphic designer
Got absolutely nothing against the artist/designer themselves... Years of hard work paying off & can't fault them.
Doesn't mean NFT's make ANY sense or aren't some speculative, crazy bubble used for money laundering (just like fine art then) 🤔
First we sold dead men's art and now....
Yes, Beeple has done this for the craft but what makes you think throughout that decade he didn't think about getting paid for one of his pieces?
We live in a world where buying real estate in meta universe which doesn't even exist isn't absurd, but digital art is.
NFT's are mind boggling - Great Content !!
Art thieves: We livin' good tonight bois
(Explanation: Noone can clearly clarify/certify that the poster or "seller" would be the original artist. With the anonymity of the internet I'd expect to never see another person post art on the internet unless his/her intent is to sell the art. IF this keeps going.
Congrats on him for having all that work finally rewarded.
Dude's been making money all along.
A market composed by investors, speculators (and money laundering, we all know)...
I see, a really healthy market.
Life is truly the strangest thing when you factor in the digital aspect of it.
Something that is just beyond the physical yet is able to be physical as long as its kept inside its own realm for us to view. Life is a true wonder isnt it
Question:So when you announce that you are going to drop A NFT collection, is it being announced to all the NFT members or what ? Please help with this answer
The world is changing as cryptocurrency has come to open eyes and minds. For example, take a look at the bitcoin; Few years back, bitcoin was ignored as a financial asset. 1 bitcoin was equivalent to $12 but currently, it has almost the same worth as gold. Presently, one can comfortably trade bitcoin and earn massively.
Truly, it is said that patience, hard work and consistency are the basic key to success.
One cannot relax and expect to become rich overnight. He/she has to strive, determine and also get the guidance of an experienced trader.
@@karenbetty9094 well said! The need for a professional mentorship is required in acquiring positive results.
Practice makes perfect. We learn everyday.
I know of friends that are millionaires today because they had patience and good mentors. I used to laugh at them because I felt they were wasting their time been patient.
Wow 😳... This is interesting 🤔. I’ve always wanted to try investing in cryptocurrencies and also learn how to trade too; but I don’t know how to go about it and who to meet for mentorship.
NFTs are simply a proof that there are enough resources already gathered and ready to use for everyone on Earth to live well. Same as the case of MrBeast.
I’d rather spend my millions on worthless stuff than feed millions.
@@depression_isnt_real Thanks!
The innovation will keep growing and so will NFTs. I see the physical/digital NFT combos winning out
people forget the tulip market. History repeats just in slightly different ways
100%
The main reason why fine art is so expensive is to offset capital gains taxes
I've been following beeple for a long time on Instagram and never knew this was him.
You should make a documentary on the Buyer of the digital art too cause he is a very inspiring person his story is really inspirational for youths
art has always been about laundering or just avoiding taxes tbh
That's just copium for people who don't understand it. Many rich people who don't have any taxable income still buy art
@@blablabla6975 yes because only a few of them appreciate art. 3/4 who buy these are only for the reasons he mentioned above.
Absolutely fascinating!
It's understandable that people don't see it yet, but nft will be soon one of the biggest things ever. It's not about some silly art that you can sell, it's about the concept of ownership in the digital world. Imagine, google will sell their first logo as an nft. It would go for billion of dollars cause of his historical value. In 500-1000 years this google nft logo will be much more valuable as Mona Lisa. It's insane.
i can screenshot google logo too
My question is how is he using copyrighted materials and selling them, IE Disney characters, famous people IE Trump, Musk & Kim Jung? There are several laws that would come into play here, and without 100% ownership of the images - well begs the question, how can he use them for monetary means?
Well they are probably in public domain I guess
@@etriganthedemon666 so you're trying to tell me that Disney and Pixar public domain I don't think so but nice try though
@@soonamistudios3290 I don't quite understand what you're trying to say
Well you can print them on shirts and merchendise the hell out of them and make that money back (probably)
The same question would be asked on buying an expensive art work (a physical one), getting the money back is not the goal here, it just keeping an asset that worth something, as long as everyone believes in it. The only difference is that assets now digital instead of physical.
Meanwhile I can't even sell my paintings for 100 bucks :D
Only success stories. Now please make a video on how many actually failed.
His such a talented digital artist and humble guy.