NFT Mania - Hype Or A New Paradigm? CryptoPunks, BAYC, Generative Art, Loot Explained

NFTs are clearly one of the hottest topics in crypto at the moment. CryptoPunks, Autoglyphs, Bored Apes, Pudgy Penguins - some of them selling for hundreds of thousands or even millions of dollars.
So are NFTs just a hype or a paradigm change? What are some of the most interesting NFTs out there? And what are the biggest challenges of this new space? You’ll find answers to these questions in this video.
Let’s start with a quick recap of what NFTs are in the first place.
An NFT or a Non-Fungible Token is a way of representing ownership in the digital world.
Since the dawn of our civilization, humans have been collecting rare items. From seashells and gems to coins, post stamps and Pokemon cards. NFTs are just digital versions of that.
Collectibles, pieces of art, game items, domain names and even complex bespoke financial instruments - all of these can be represented as NFTs.
In contrast to cryptocurrencies like Bitcoin or Ether where each unit is interchangeable, NFTs are unique - at least in most cases. The creator of an NFT project can decide on the exact parameters of their NFTs.
Some of the common examples are:
-only 1 NFT per unique piece of art - artists that create individual pieces like Beeple follow this approach,
-a collection where each item has a unique combination of different traits - CryptoPunks, Bored Apes
-a collection where there is a set number of the same item in the collection - usually used for card collectibles like My Curio Cards.
----Timestamps----
00:00 - Intro
00:37 - What are NFTs?
02:40 - CryptoPunks
04:42 - The PFP Mania
07:31 - Generative Art
09:47 - Other NFTs
11:34 - Challenges
14:21 - Summary (Loot)
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[@Finematics]

❓ What do you think about the NFT mania? Comment down below 👍 Hit the like button if you enjoyed this video 💛 Support Finematics on Patreon and join our Discord community ► www.patreon.com/finematics 🐦 Follow Finematics on Twitter ► twitter.com/finematics 📘 Check out our FREE Guide to DeFi ► finematics.com/guide-to-decentralized-finance/

[@this_jest_in9233]

Can you explain how hex works? Proof of work vs proof of stake, paying stakers instead of miners?

[@this_jest_in9233]

@JAMES SILAS yeah, it’s a smart contract certificate of deposit. Proof of Stake instead of proof of work. 3rd largest crypto by market cap on yahoo finance or nomics.

[@jknowledgenet2748]

You blow my mind with your knowledge on the subject.i gully agree that 80$ of them won't make it anywhere. But there will always be ones that stand above the rest and drive the nft market to keep moving forward. Great video

[@theokaenzig9549]

your videos are art. you should make nft‘s out of them 🌅

[@vivekascoder]

Yeah, i am thinking to make this project next weekend.

[@vivekascoder]

Nft of his videos, haha

[@jenniebui3549]

NFT is very popular in my Country today. To the point that middle class earner cant afford the investment me here waiting for the new NFT game. Will be waiting for BSCS token

[@SamSam-qm6gz]

I hold Up it so much

[@pratikkokwani498]

Which country are you living?

[@jenniebui3549]

@@pratikkokwani498 I'm living in Japan

[@pratikkokwani498]

@@jenniebui3549 Great

[@sbanerjee2005]

This is the by far the best material I have seen on NFTs. It is a treat to watch this and learn!

[@basitkhaliquebasitkhalique7760]

This is by far the best material I have seen on NFTs. It is a treat to watch this and learn!

[@robertperez4671]

Another informative video! Thank you for explaining this space in such a clear way! Also, love the Curio Cards shout out!

[@fcdion]

Finematics makes the complex clear every time and this one on NFTs is no exception. Well Done !

[@Freedexplore]

Very solid video! You just forgot to talk about NFT Photography that is going wild nowadays ^^

[@DiegoTeliz]

I think the clear missing part of NFTs at the moment is the ability to show them off. People who buy these type of tokens will like to show them to the world at some point, but for now, it doesn't seem to be many options, other than PFP, which ultimately is a very manual process. In the future, if social networks, games and other platforms integrate or allow users to "link" or somehow show-off their NFTs... then things will blow out for sure.

[@johnmcman2145]

twitter just announced this

[@benjamincowen4790]

🤝Thanks for whatching. 🔝.... don't forget to subscribe and Send a direct message right away for insights on how to invest and trade on crypto❤️.

[@Nuvish.]

A NFT masterclass. Solid material and perfectly explained! 👏 👏

[@adedejijubril8048]

PartyBid is also a protocol in the fractional NFT space. Minting of NFTs can also be done in L2 like Polygon. Mirror is a publishing protocol like Medium that allows you to sell your Essay or blog post as an NFT. It's gaining traction among the Cryptoverse community. Very cool project. This is a great explainer

[@hvdson]

Great video as always! One thing is that the programming language used for generative art is actually called p5.js not 5p.js - which is a JavaScript port of the Processing language!

[@keyone4582]

Salute to quality of ur work! I joint when it was less than 2k subscribers only few months ago

[@doncollymore7622]

Great explanation on NFTs. Thank you for breaking it down for newbies such as myself!

[@imsoswift]

been waiting for your take on this! thank you for all the clarity you provide in your videos!

[@Finematics]

thanks for watching! :)

[@rishabh5750]

From an inside perspective, I'm very very impressed at how you've explained everything, You clearly haven't used the generic copy paste, Ponzi narrative. Good stuff

[@admin3753]

Thanks~~~~< for watching_and don't forget••• to hit the like>watsap ➕ ① = ④ = ⓪ = ⑤ = ④ = ⑥ = ① = ⓪ = ⑦ =② =④..📲...

[@globebit]

THX for the great content. In my opinion, Domain Name NFT`s are a big thing to watch

[@maureenriggs185]

Brilliant! Your NFT type presentation is fabulous. The best learning material ever. Thank you.

[@RichXVIII]

If by hype you mean: new mechanism for laundering dirty money, then yes, that.

[@bleachplz]

The Sevens recently dropped and the art is gorgeous. Let's hope it sticks around.

[@3DGladiator]

Super solid overview and explanations. It's always a pleasure to watch your videos. Keep rocking my friend! Best, Ben

[@Finematics]

Thanks a lot Ben! :)

[@MrTufatifa]

Thank for making easier to understand this Projects. About the moment i think most of the NFTs are overvalued. I do like the idea.

[@eduardomelnik7818]

knowing that much about this crypto space, which you gotta learn to make those awsome videos, I wonder about how many great investment opportunities (huge potentials) you are able to recognize and take advantage of. this is nice

[@cryptomadness7271]

Very informative. Looking forward to NFTs minted on the Cardano Network. I own a few of The Adapunks.

[@rowanhorton4906]

Best team dev, good development orientation, clear roadmap, i like it from BSCS

[@anton9805]

Crypto Punks where not algorithmic generated, they were just stored on blockchain. The first algorithmic on-chain generated NFT are Mooncats, in August 2017. Such an underrated project.

[@thenftcritique7582]

Awesome video, you videography is an art form, we are developing an AI for NFT price prediction and was wondering whether we could have it read you video's comments as part of the data mining?

[@RanduxSA]

Rich people games. Great, informative video as always.

[@yura-george]

There are mentioned copycat projects like Polypunks in Polygon, floor price is 0,04 eth now. Original for rich, copycats for poor.

[@annabella702]

The way you convey the information is very good, I hope to see more of your videos

[@Finematics]

thanks!

[@Julian-pj2zi]

Thanks, very informative video as always 🙏

[@SmartYouTubification]

I loved the video, though I think it might be worth noting that BAYC was the first to popularize full commercial rights of your NFT, and helped set them apart from the lower quality projects that followed!

[@yashshukla7025]

Damn, brother .... you radiate knowledge

[@CryptoGodson]

Always super helpful!

[@sebastienbaly7207]

Definitely one of the best KZbin channel on crypto and Defi!! Don't stop the content, keep it up!!

[@pcl5636]

Hell yeah m8 thanks for sharing!

[@aiwen6942]

Ridiculously good overview! Amazing as always.

[@nigel86]

Very very good explanation thanks

[@tom123b]

I'm invested into NBA Top Shot currently, and looking closely at some upcoming online games, like Illuvium and Guild of Guardians.

[@ilyakhoteev]

Amazing piece of content explaining NFT world and it's history!

[@Finematics]

thanks!

[@benjamincowen4790]

🤝Thanks for whatching. 🔝.... don't forget to subscribe and Send a direct message right away for insights on how to invest and trade on crypto❤️.

[@jakehorowitz3879]

Adam Bombs NFTS by The Hundreds are amazing!

[@graybear7084]

Humbl Gallery, let's go!

[@beautifooldata7224]

Nice video covering allllll the way to the recent Loot craze. Wish there was more on the archeology phase with EtherRocks, MoonCats, Curio Cards, etc... People love their provenance

[@melbinthomas2199]

The videos in ths channel are gem.

[@coldbelowfroze]

Oh snap, a new upload!

[@Enzwurm]

Great video again. Still i find the audio a bit inconvenient to listen to. Maybe the settings of the microphone?

[@joanbasora36]

Your videos are excellent, thanks for the detailed explanations!

[@derek.seaborn]

Cool video. I'd cop one of your NFT's!

[@runner1375]

Great video!

[@dt5622]

I have been playing nft games for a while now and it really has working use-case, and you are correct, most nft games won't be here in a few months time and only a few will actually survive and push through long-term. Glad to hear that NFTs are here to stay :) It's one hell of a revolution!

[@SashaMai]

Hello Finematics, I just want to say you helped me so much in learning DeFi back in June. Now I have a group of hundreds of new DeFi users where I teach them DeFi concepts and have been on a few DeFi panels and episodes. I saw that you recently slowed down, while the crypto world moves at warp speed. I hope you keep making more amazing videos for us in such a saturated space where it's hard to keep up and learn for new users. Thank you. 💙

[@finematics7056]

Good review,Awesome💗for crypto/guidance/investment🌎 ✙𝟏𝟑𝟏𝟓𝟓𝟏𝟒𝟎𝟒𝟔𝟕✉️✉️✉️▪️

[@renaissancemaneric8019]

Your visuals give me clarity on subjects I thought I already understood.

[@javilara6909]

Nice Job!!!

[@07jdom]

Thank you!

[@christianhattge]

No mention about Avalanche? NFT market are flourishing there...

[@fernandoconcepcion7080]

Great vid as usual

[@Finematics]

thank you!

[@pablosebasthian]

Very cool, nice video! =)

[@ShawnShaddock]

Awesome video as usual, please make one on Solana

[@aliejmal8184]

Bro! I love your videos dude! they are so concise and helpful! Thank you!

[@Finematics]

Great to hear! :)

[@jesperleong_]

Hi Finematics, just wanted to say that your videos really helped me understand the crypto space when I first got in, and now I use my own crypto blog to explain and explore ongoing topics too. Definitely agree on the conclusion that NFTs are here to stay. While the current hype is about their insane price point, the tech itself is going to bring the web to the next level; we just have to figure out how to get there.

[@finematics7056]

Good review,Awesome💗for crypto/guidance/investment🌎 ✙𝟏𝟑𝟏𝟓𝟓𝟏𝟒𝟎𝟒𝟔𝟕✉️✉️✉️▪️

[@aslan8634]

Good review. Maybe u need to take a look at other project. How about BSCS, they focus on NFT Game and their product is quite good

[@andreashellmuth7739]

Amazing thanks for this

[@abhirajpatwa4467]

there is an error, its p5.js, not 5p.js

[@Finematics]

yup, good find!

[@StringSwoosh]

Can you make an infographic on Avalanche and how the protocol works c.q. reaches consensus for example? Your videos are awesome, recommmended my friends to always watch this channel to get known about different terms and things crypto :)

[@admin3753]

Thanks~~~~< for watching_and don't forget••• to hit the like>watsap ➕ ① = ④ = ⓪ = ⑤ = ④ = ⑥ = ① = ⓪ = ⑦ =② =④..📲...

[@Moeno614]

Hi Finematics, really good video ! You could alos look at the concept of The N Project which could change the landscope of NFTS in the futures

[@2526benz]

N is scam

[@DomDallaire]

Nice penguin 🙂

[@maccallwarrior]

In the world of NFTs, would digital images, such as on the VeVe platform, be then classified as collectible-NFTs? Curious if these would make a break-through in the near future like the PFP collections.

[@sulmahmood2998]

Great video

[@joinwee0074]

Thank you for sharing useful knowledge. Can you help me review BSCS?

[@rfff0x]

Hey congrats on the content, been following for a year already, best in class for sure! Have you been looking at the Olympus OHM model? Any thoughts or chance of of putting out some related content? Thanks!!

[@finematics7056]

Good review,Awesome💗for crypto/guidance/investment🌎 ✙𝟏𝟑𝟏𝟓𝟓𝟏𝟒𝟎𝟒𝟔𝟕✉️✉️✉️▪️

[@JustAFocus]

Your videos are the BEST that I've found! Amazing job. Thank you for this content.

[@Finematics]

thank you!

[@DiscoverCrypto1]

NFTs are the future. Companies who choose to ignore these digital assets will be left behind.

[@schooty25]

Get in on launch or wait for correction/rarity chart.

[@lowriskcrypto]

Really good withth slow of speed.

[@timlec2688]

NFTs are both hype and a new paradigm. That's Gartner's Hype Cycle!

[@lailagirl6997]

I want to learn about the NFT market, my friend told me about the BSCS project, do you think it's possible?

[@zubairbeig2702]

Great 👍

[@oscarmike47]

yo love your videos. its so much information my simple brain cant process it all at once haha. but can you do a video on ripple and XRP. it seems to be its own kind of thing. separate from "traditional" DEFI. in some aspects it seems to not be DEFI at all. i cant seem to understand it properly. i think if you made a video about it i could understand it a lot easier.

[@finematics7056]

Good review,Awesome💗for crypto/guidance/investment🌎 ✙𝟏𝟑𝟏𝟓𝟓𝟏𝟒𝟎𝟒𝟔𝟕✉️✉️✉️▪️

[@Victoria-nq7qb]

On Fleek

[@chenkarweng5803]

Hi Finematics, it would be very interesting to see you reviewing Treeverse Founders Plot NFT. Great video indeed, always love your coverage!

[@tadowjonez]

Don't forget about the ultimate decentralized project! PHUNKS!!!! Peace

[@WolfLopez]

❤

[@joshfreeman727]

Which Token is getting the most attention? I would like to hear your reviews about BSCS tokens and new projects like defi, nft market, Interesting right?

[@duran9664]

I can imagine my car or house titles get minted as an NFTs. NFT could be relevant to many other fields. 🙄

[@Josh-Si]

Where did you get all the info from? Do you have any sources for me so dive in this themes?

[@redouanerahmouni8361]

The best always ❤️

[@finematics7056]

Good review,Awesome💗for crypto/guidance/investment🌎 ✙𝟏𝟑𝟏𝟓𝟓𝟏𝟒𝟎𝟒𝟔𝟕✉️✉️✉️▪️

[@deadmanstreaming815]

Mangolia!!

[@lherfel]

thanks

[@kelvinnn6782]

Hope you will introduce about BSCS, it is currently following the trend of NFT and defi, I want to know if it has potential or not? thank you

[@JulienCohenMusic]

Good video, I learnt something!

[@dutertee2525]

I like the way you talk about the NFT market, have u heard about BSCS? This is a new project about NFT market, Please review this

[@finematics7056]

Good review,Awesome💗for crypto/guidance/investment🌎 ✙𝟏𝟑𝟏𝟓𝟓𝟏𝟒𝟎𝟒𝟔𝟕✉️✉️✉️▪️

[@MVera1044]

Good look in the nft bubble

[@dorcohen4169]

Why didn't you mention cardano as a block chain that has nfts?

[@8BitWags]

Forgot ADA/Cardano NFT's, Like CardanoCity, for example.

[@WORLDOUTOFEARTH]

Please Make more video on PIT ( Pitbull) as its a community driven Pitbull is a self-staking token abandoned by its creator, raised by the community

[@owenwaldo]

i am my penguin, my penguin is me

[@mooibro644]

I just looooov this channel!!!

[@Finematics]

💛💛💛

[@jakobsievers]

I hadn't really thought about the fact that the content of most NFTs arent actually stored on-chain but via a link. That's a super weak point. I suspect IFPS will become a standard in this regard. I WOULD have pointed to arweave first but then it occured to me that people are supposed to be able to burn their NFTs which would then result in a bunch of onchain content with no NFT to control it (because arweave is permanent). Maybe they'll make a solution where the data content is permanent until such time as the NFT in question is burned.

[@jimicalleigh6746]

Doing well, thanks, it'll be really cool to assetisize NFTs as well as place them up for auctioning and fundraising, luckily LuxFi seems advisable for this, converting NFTS to luxuries is really cool

[@cryptodynasty5517]

Cool, I find LuxFi really exciting. NFT is mooning hard amd fast it'll be economical to make something nice out of it, LuxFi is really a cool avenue. LuxFi to the moon

[@milyhossain4983]

Good

[@lordfeo2]

Thanks, very good channel, (please consider drinking some water before record