CAUTION!! Many scammers are using the comment section to promote their scams and sometimes even use the name “99Bitcoins” in their profile. Never send money to someone you don’t know and don’t accept offers to trade or exchange cryptocurrency from strangers. Stay safe 🙏🏻🙏🏻🙏🏻 👁‍🗨 What is an NFT? How do I buy one? Why would I want to buy a digital file that I can just copy in a second? Is it just another bubble? 👉 Buy an NFT here: - Gemini's Nifty Gateway: bit.ly/2YqDfxp - OpenSea: bit.ly/3kg93N6 - Rarible: bit.ly/3bTLx48 - SuperRare: bit.ly/3D4uPuY - MetaMask: bit.ly/3mVpIY2 Today’s topic is NFTs, here is what we will cover in the video: 0:50 Fungibility Explained 1:41 What is a Non-Fungible Token? 1:49 Bitcoins are Non-Fungible 2:07 NFTs Explained 3:43 NFT Creation 4:39 What is an NFT in a nutshell 4:51 NFT Characteristics 5:07 NFT Examples 6:01 Buying an NFT 7:10 Selling NFTs 7:42 NFT Uses 9:29 Is NFT just a bubble? 9:57 Summary

Clearly and brilliantly explained, and with the usual dash of reality. Very balanced and informative as usual. Underrated channel

"A fool and his money are soon parted." Poet Thomas Tusser, 1557. Still true today. An NFT does not appear to have any commercial value. You own "bragging rights".

Someone finally pointed out the absurdity of NFTs. They do not convey any copyright or other qualities any other jpg. Since the NFT doesn’t store the digital work, if the webpage of the tokenized work gets deactivated, what do you have? There are clearly uses for documentation of ownership and time stamp, but jpg NFTs are stupid. Great video. Answers lots of questions and confirms most of my assumptions

Nate, thanks for going into the process of NFT in such get detail. It makes it a whole lot easier to understand. 😃

Simple, informative, and fun to watch, thanks allot

NFTs can also be used as a digital proof of ownership/legality for physical items like real estate. Or be used as proof of identity. Event tickets, so NFTs with your ticket specifications attached. Reduces ticket fraud massively. NFTs really have endless possibilities, but lack standardisation for use in the "real world". For now. NFTs on Ethereum blockchain, for regular people ($), are kind of pointless at the moment due to the high gas fees. But there are so many blockchains to choose from now that a government entity will hold back on usage (other then the amount of work it will take to make everything digital). Super exciting, but years away form implementation. Thank you for the explainer video. Love the knowledge your sharing. Have a nice day.

NFT in its current form is really just a proof of concept

Good, clear and concise, Nate. Thanks.

Amazing 👏 Explanation as always! Thank you Nate 🔥

you make everything sooo easy!!! thanks!

What a brilliant teacher, thank you for a superb explanation.

Great video, you’ve explained this topic very well

Great video!!!! Thank you very much for breaking it down.

Thank you, Nate. Excellent video.

Brilliant! The video I needed to watch. Looking at the other NFT use cases, it's making much sense now.

Excellent presentation! It compelled me to subscribed.

Seriously... Very very good explaination..

very well made. great explanation...thank you.

Appreciate the video my friend!

Thanks for the simple explanation. It cleared many questions that I had. 👍

Excellent explanation!

Thanks for the explanation.

Thanks for your great explanation!!

I was confused about NFT's at first but this will help me with this some more

Another awesome video ❣️ New investors should be very careful. When you're new to something, make sure you make alot of research before involving in any of them.

Great explanation. Thanks

Thanks! Superb explanation

These videos are so well done.

Great Video thank you for making these. I think I will stick to fungibles for now, but super cool!

Give something of little value an acronym to create mystery, and hey presto… you have perceived value.

I'm very against NFTs, but this video is incredibly well-made: I have been looking for a more centrist perspective on the matter because I see too many harsh opponents. Thank you for sharing your point of view in this informative video!

Thanks for a very educational video!

great video!

This is one of the greatest explanation !

Thanks for the information

Thank you for the video

Clearly and brilliantly explained

Thank you!

Hi Nate Martin What currencies do you advise me to buy in the short term, I mean sell it after 3 or 4 months ?

The comparison of original digital art to original paintings falls short. When you are talking digital files, the original is the same as a copy. When you are talking physical paintings compared to a lithograph, there is a difference between the original and the lithograph. Materials, brush strokes, texture, etc. are not transferred to the lithograph copy.

very educational...thanks

Great video, thanks for the explanation. I have some questions and I'll leave a comment on different videos to help boost your vids further with engagement :-) Question about the royalty aspect. Let's say I have an NFT and I set a 20% or 10% royalty, how do I as the creator get paid that every time exactly? Does that royalty % come out of the residual sales? Lets say I sell an NFT for $100 value, and someone else sells the NFT for $200, does that mean they only really sell it for $180 (assuming I receive 10% royalty)? Love to know how this exact aspect work - if you have a video for that, love to see it.

I’m building my NFT collection now, and I really love it💜

you are incredibly talented as i can even understand what you are saying!:>)

These whiteboards are a great idea! Keep up the good work.

Can you explain how an NFT can be used to verify a physical object? Like say a Watch? How can you link the NFT to that specific watch? If you use a serial # for example is that serial # not public automatically and anyone can create a fake NFT with said serial #?

Thanks for breaking this down! Excellent information 👍🏼

100% this is not a passing fad. It’s just the beginning. We are going almost totally paperless, digital, and online. This is the future. Seems crazy that we still have A LOT of unnecessary physical mail delivered that could very easily be digitised. Anyway. Great video. Thanks 🙏🏾

Wish you tutored me in med school. This was just brilliant and so easy to assimilate

Good video, thank you very much

Thank you for explaining this. I didn't really understand how nft's actually worked. You explained it in plain English as usual. Appreciate the video.

Thanks 😊 for good explanation 👍 👏 👌

now i understand. Thank you.

perfect timing

Fine art photography NFTs will be interesting.

At last. A good explanation about NFTs. God bless 99.

Thank you

NFT are the PET ROCK of the digital era!

Great.

Thanks mate Nate

Minting is pretty darn expensive now days!

Awesome content ! NFT will surely introduce new people to Crypto space and take the adoption of Blockchain Technology to the next level

NFT stands for "Not Fully There", as in "someone that pays for an NFT, is not fully there". I hope this clears up any confusion.

Thanks.

Is NFT cheap to create? Lots of people use the mind maps I create for work subjects. I love that people like my work and that improve their skills with them. As I need to provide an original file so mind maps are interactive, my concern is that somebody appropriates this file and makes it of his own property. So, is it cheap and able for any kind of file extension, in my case .maginpkg? Thank you

Thanks for the great explanation! One question I have is: who maintains the physical item that is behind an NFT? For example, if I have an NFT for an art painting, where that art painting will be physically stored and how can I assure that no one else will be able to tear it apart?

then I can use a digital picture i took for nft?

Good explanation of a complex subject, thanks! I have a couple of questions. 1. I've thought of another use for NFTs besides the ones you mentioned. Although an NFT doesn't stop other people from copying my digital property, it would be a big help if I decide to sue anyone who made a copy without my permission, or if I want to charge them with a crime. Is that correct? 2. As I understand it, each NFT exists on a particular blockchain. So it's conceivable that someone could create a fraudulent NFT using a blockchain other than the one used by the real owner. This would be the 21st-century equivalent of "selling the Brooklyn Bridge," selling something you don't really own. Is that correct?

I’m sure I don’t understand it all, but this sounds like a chance I’m not willing to take. I’ve worked too hard to earn my money in the real world to squander it in an imaginary one! You’re welcome!

Ojacoin seems like a promising project.

Wow I'm sure this NFT thing will make me a successful artist

Another creative way to make money

What is the best hardware wallets at present?

As you mentioned NFT is the proof of ownership of a digital file, so after you bought the NFT, will the original digital file be transferred to your account? Or where will they keep the original file? And every time when a NFT change hand, the original file creator will get a royalties or something, why?

Newbie question. What validates the authenticity of an NFT?

Now I know what an NFT is but I no longer know what the real world is...

Nice

good video

What other areas do people see nft expansion...besides digital art? Cheers

Interesting

I am convinced that NFT’s today are used for money laundering. I can’t imagine people spending millions of dollars on digital art for the metaverse that is still being created.

In my opinion nfts could have a real effective use in voting, and obviously so the blockchain. Each citizen could be a node that ensures votes validation voluntarily (in exchange for money that the government would give, something as the rewards of mining a block) and each vote could be a nft. This would be useful as people would have a unique choose between all the candidates. Then, each wallet could represent a candidate, so, in order to vote, you should send your nft vote token to your candidates wallet. The wallet who has more token wins. In addition, no one would need to count the votes, it could be stablished by a smart contract that the wallet who achieves X quantity of tokens wins, so to speak. I don’t know how possible is but is only an idea.

How could the download of something like a book be verified by the ownership of the NFT so only the NFTs owner could download it?

Pretty clear ! What are NFTs use for, something like one use's money to buy an items or pieces of cloth because of it purpose to human, so what are exactly purpose of NFT please?

Imagine spending 69 million dollars for some "art" in a bits and bites world only to discover later there are no real buyers.

👌👌👌

how can i sign in in NFT please and i want to kno the minmum amount that i can use to buy NFT and how i can earn

NFTs seemed really idiotic to me. Then I found this video and it confirmed my suspicions.

Does this imply that the creator of nft is paid royalty everytime its resold or traded ?

A lot of people, like myself, are unaware as to the complete and total impact of people who live in these digital worlds. Like SIMs. They literally consume peoples lives. They take in more money than sports, movies, theaters and Las Vegas combined. There are many who live in this escapism and prefer using digital assets (NFTs) in their digital world. For those who have so much money they don’t know what else to consume (because they don’t see the immediate advantages to helping make the world a better place) they now invest in NFTs … and sure, there’s money laundering too because these people only think in terms of adolescent things and stuff. Basically kids who will grow old but never grow up.

💙💙💙💙

If I have a rare stamp of envelope, how do I make its NFT ?

Well explained

You showed how to buy it but how does the seller receive payment, is that in cash?

NFTs sound like the most colossal waste of money, and its ganna make me filthy stinkin rich. *laughs in artist*

Was here

Thoughts on Saito and Upfire? $UPR

How can I sell a nft?

What about the other use cases for nfts? I find the explanation lacking. Seems like a March 2021 description. The space has evolved the way tech usually does: extremely fast.