NFTs, the Metaverse and the Future of Digital Art | Elizabeth Strickler | TED

In need of a brief yet illuminating lesson on the obsession with NFTs? Elizabeth Strickler breaks down the acronym and explains the fundamentals of non-fungible tokens, sharing how these digital assets are changing the landscape for artists and content creators looking to cash in on their creations -- in and out of the metaverse.
If you love watching TED Talks like this one, become a TED Member to support our mission of spreading ideas: ted.com/membership
Follow TED!
Twitter: / tedtalks
Instagram: / ted
Facebook: / ted
LinkedIn: / ted-conferences
TikTok: / tedtoks
The TED Talks channel features talks, performances and original series from the world's leading thinkers and doers. Subscribe to our channel for videos on Technology, Entertainment and Design - plus science, business, global issues, the arts and more. Visit TED.com to get our entire library of TED Talks, transcripts, translations, personalized talk recommendations and more.
Watch more: go.ted.com/elizabethstrickler
• NFTs, the Metaverse an...
TED's videos may be used for non-commercial purposes under a Creative Commons License, Attribution-Non Commercial-No Derivatives (or the CC BY - NC - ND 4.0 International) and in accordance with our TED Talks Usage Policy (www.ted.com/about/our-organiz.... For more information on using TED for commercial purposes (e.g. employee learning, in a film or online course), please submit a Media Request at media-requests.ted.com

[@kopasz777]

This video is like when a sales person tries to explain a technology to engineers.

[@adamrushford]

worse, it's inaccurate. so it's like young children trying to explain to you what you do for a living.

[@Infinite-Digital]

What's inaccurate here? Basic and on point

[@adamrushford]

@@Infinite-Digital oh sorry that bit was more my subjective opinion that virtual is a bad term

[@looming_]

@@Infinite-Digital how much money did you lose?

[@looming_]

Pure sales pitch.

[@witheringliberal2794]

I’ll stay in this universe. Thanks.

[@rozhina_ros1537]

Same as here, lets sale our cellphone too

[@pbainbridge]

I'm still laughing. LOL

[@KrazyKain]

I watched this to see if there was anything about NFTs other than "Finance bros can find fools to sell too and make lots of money" and all she did say that in lots of different ways.

[@unixtreme]

Yep, just a generation of grifters.

[@investorfirst5556]

& yet regular people like me are racking up over 10k in profits selling CNFTs 😂

[@Urelasir]

@@investorfirst5556 Sure bro

[@KrazyKain]

@@investorfirst5556 exactly... Finance bros finding fools to sell too. Can you not read?

[@m-umar-amir]

Real-World Application of NFT and Metaverse Still needs To be Discovered.

[@fostxswire1600]

I remember when TED was inspiring. Now it is just advertisements.

[@tobylegion6913]

This isn't really a TED. This is an TEDx - which pretty much is just an advertisment with the license for the TED design.

[@Aaashvi]

So true

[@looming_]

This is tedx. And no offense but this speaker is heavily biased and pushing her personal agenda.

[@williamp2359]

I am glad that she gave such an insightful discussion of NFTs and the Metaverse. I fully understand what crap it is now.

[@sebroki4679]

key word crap

[@psulionz87]

meh

[@Sepp_Tember]

The title of this video should be: "Scams, scams and the future of digital scams."

[@DoublesC]

NFT bros look more and more like MLM moms xD

[@Urelasir]

If you want to really know what NFTs are, check Folding ideas video on it.

[@bobonaqa]

I have a chrome extension and this video has 70% dislikes lol

[@Externalintention]

How can I install this extension?

[@baronmateo6736]

I also need that extension

[@bobonaqa]

@@Externalintention "Return KZbin Dislike" in chrome

[@kabirajbhatt8391]

I have super extension and your comment has 99% dislikes

[@vermaaaditya]

she is illuminati

[@tobylegion6913]

Remember TEDx are licensed. And not as well regulated as they want to make you belief. This isn't a conference with an open discussion, this is a sales pitch. You are basically watching a commercial. A comicly desperate commercial.

[@ern0plus4]

Notice: no audience...

[@gabrielgomesbrito]

Is this what passes for a TED talk nowadays?

[@syncope88]

“We will spend more and more of our lives in the metaverse..” no thanks!

[@Infinite-Digital]

hard pass!

[@bismarknyarko635]

Metaverse is really here to stay, is up us to join the the train or not. Just as the various social media platforms changed the way we interact as humans, so will Metaverse. As speak now, projects like StepApp, XANA just to mention few has taking the mantle.

[@mercury2110]

"Gone are the days of the internet being a giant copying machine, of intermediaries taking a larger cut than the creators and of artists not recieving royalties." If anything the problem has only gotten worse! Thousands of artists have their work stolen daily and their audiences scammed due to these NFTs. If anything the intermediaries thrive whilst the artists suffer more these days

[@ern0plus4]

What about just pay some dollars directly to the artists? (Insert throw-out-of-window meme here.)

[@m-umar-amir]

Real-World Application of NFT and Metaverse Still needs To be Discovered.

[@ern0plus4]

@@m-umar-amir My early proposal: earn money.

[@vlad-igor]

This is tedx (ted-style event) not ted, it's different. Should've put that on the title.

[@lovev9904]

Thank you!!!!!!

[@26PRO26]

I cannot stress this enough -- Please do your due diligence before deciding to invest in an NFT. Not all NFT projects are credible and profitable.

[@realtalk1310]

Most are not.

[@unixtreme]

NFTs are a scam.

[@ShutThePuck]

NFT's are nowhere near ready, they will be integral to our daily lives in the distant future but not right now, all NFT's are scams and worth literally 0.

[@m-umar-amir]

Real-World Application of NFT and Metaverse Still needs To be Discovered.

[@unvergebeneid]

Why would they be profitable? Either it's about "owning" the art, then... well, you do you. Or it's about making money. In which case it's a pyramid scheme.

[@casuallynxgaming]

You guys really uploaded it again after the bad reception you got the first time, uh? Thinking that this time would be different?

[@MUNDAYthe13th]

At this point it's like joining a cult after everyone already drank the poisoned Kool aid.

[@wetbellyproductions6886]

Pahahaha I came here for this comment 👏👏👏

[@ern0plus4]

I am selling my bullshit bingo as NFT, all the fields are checked after listening this presentation.

[@elcobroinimini]

Even Snoop Dogg made it in there lol

[@ern0plus4]

@@elcobroinimini No problem, we can make any number of NFTs from the same thing, there's no technical obstacle.

[@420Fanatic]

Sounds like another outlet for wealthy individuals to filter funds through. As if art wasn’t already….

[@yaseminisk7748]

This is a call to all the suckers! Jump in, we need you. We want get out with a profit.

[@davidmayer2984]

No ‘middleman’ ? How much did Christie’s make from the Beeple auction?

[@hatsapp9945]

NFT's ?? I'll rather put my money in something profitable like Bitcoin.

[@patrick_roberts]

Speaking of being successful. I know am blessed if not I wouldn’t have met someone who is as spectacular as Mr John Sears

[@patrick_roberts]

I been surviving through my investment with him, am so glad I invested when I did. Am earning $15,000 every two weeks with him

[@Henry_wally524]

Investment is the tiny line that separate the rich from the poor

[@markluton2626]

@@patrick_roberts Same here four months now I started trading with him,and it’s been a good experience.

[@markluton2626]

I must say crypto is future and with the way bitcoin is climbing so high it’s really advisable for people to invest now.

[@kaarenremley7585]

Though I think this is cool... we have a climate crisis that wealthy people are ignoring. Please use some of this money to plant forests and clean destroyed ecosystems.

[@PGproductionsHD]

Capitalists can do whatever they want with their money

[@noahdavis8559]

NFTs are absolutely awful for the digital art community.

[@edkar7604]

Crazy you can call something online “art”.

[@Infinite-Digital]

Care to explain? It's awesome

[@OphiuchiChannel]

I disagree completely. Theyre bad for games, not for art.

[@rdandelionart]

@@OphiuchiChannel not even, AAA publishers destroyed every good developer out there. NFTs are just the next play.

[@OphiuchiChannel]

@@rdandelionart I'm not sure what you mean. I know they present really huge inconvenients in term of interoperability between different games and almost every dev I talked too seriously hate NFTs and have good reasons for it.

[@stereodark]

I fail to understand how do you come to the conclusion NFT will give creators a better revenue cut. Platforms will control the cut they take and they have the users proximity not the NTF creators. So if FB wants to take a larger piece of they pie they will. Moreover the example at the beginning drawing a parallel with the purchase of a painting is totally off. Copying a GIF is producing a perfect copy. Copying Monna Lisa ain’t so simple

[@6cryn]

I'm a creator and I can tell you exactly how - you just set your percentage of the re-sale in the initial contract; if your artwork re-sales many times, you get an income each time; forget about FB, that's not decentralized.

[@stereodark]

@@6cryn yeah but that's the point, if you pitch the idea of using these items in Metaverse, the platform provider must agree to that and will charge fees. If FB, Epic and other companies do NOT have any incentive, they will NOT integrate NFT tech and you will NOT benefit from any of the above. You could argue that what's in for them is the higher appeal of their platform over competing ones, but I don't buy that, masses will not shift to another provider due to NFT availability, technology won't move them, they need to get something better and I don't believe there is enough in NFT for the consumers..

[@6cryn]

@@stereodark I was referring to 1/1 artworks; for avatars and in-game items, we already know that they are interoperable in the metaverses built on the eth blockchain. if FB or other web2 companies are not having an inclusive approach in that respect, they will either die out or live in their own bubble, but that won't be the proper metaverse

[@stereodark]

@@6cryn your statements are based on tons of assumptions. You are right only if this tech becomes widespread and several millions of users care about it. I don’t see why FB and other providers can’t offer a cheaper proprietary tech which gives fashion digital clothes at 1/100 of the price. NFTs are a very inefficient way to handle this, the only upside is it’s decentralized, but assuming it will be successful because it’s better for the artists it’s a massively long shot.

[@6cryn]

@@stereodark idk man, you are branching out now; you asked how nfts will give creators a better cut and I just told you that we now have the possibility to agree in the contract to get a specific % of future sales, something that was unthinkable in the traditional art gallery sales.

[@Xirpzy]

A physical item increases in value over time naturally for a variety of reasons. A digital code is static and only increases if you can convince a buyer to pay more. I wouldnt call that investment at all. Rarity alone isnt enough.

[@timschiller]

Interesting point, please elaborate on the reasons for physical goods to increase their value over time

[@m-umar-amir]

Real-World Application of NFT and Metaverse Still needs To be Discovered.

[@C00Cker]

@@m-umar-amir no, it is already discovered. The blockchain technology is perfect for ownership databases and other things requiring byzantine consensus

[@richardb7854]

@@timschiller they conveniently ignore that most physical goods also decrease in value overtime. part of that variety of reasons and all that vagueness. by posting a vague and generalised statement they waive any responsibility over what they are saying 🤷‍♂️ anything at all can have value for a variety of reasons, but apparently NFTs are excluded from that, they can't have a variety of reasons influence them, they are just a measure of rarity 🤷‍♂️😂

[@de_dorf279]

Their is so much wrong with this video, This video definitely missed the hype on NFT's by a couple of months, The amount of people who actually buy NFT's is incredibly low when in comparison to people who own Crypto. Many people has come to despise NFT's with the amount of scams that happen on a regular basis. Many game developers have come out against NFT's in theit games. Don't buy into this ship that has already sunk

[@RantKid]

I think during the hype she started this institute and by the time everything was settled, the ship sank and now she's left here with an empty business to promote...on a TED Talk which makes it more sad.

[@6cryn]

isn't obvious why game studios have come out against them?

[@m-umar-amir]

Real-World Application of NFT and Metaverse Still needs To be Discovered.

[@de_dorf279]

@@m-umar-amir l think NFT's could have been a great platform to support legitimate artists and their art, it's just a shame it's overrun with scammers and how easy it is to sell off someone else's work giving it such a bad rep.

[@Infinite-Digital]

The hype is still here and growing, check the volumes and stop hating nfts

[@authorlynndavis]

1. I'm a GSU alumni and yeah, this scans 2. Bull****. 10 years ago I was purchasing digital art from a creator in France for a book cover. I paid a good bit for it. Ya know what neither of us had to do? Pay gas fees. Or worry that within the hours it would take for the transaction to go through that the cryptocurrency didn't tank. Or ya know... wait hours for the transaction to happen.

[@galacticcannibl1966]

NFTs have no distant future

[@stretchstrange]

My students are building a metaverse that no one asked for !

[@6cryn]

I want to see it!

[@m-umar-amir]

Real-World Application of NFT and Metaverse Still needs To be Discovered.

[@Infinite-Digital]

and they are selling nfts

[@richardb7854]

if they are building it, then clearly someone asked for it. maybe it was one of them or someone else it doesn't matter 😂 not like you asked anyone if they were interested before posting this comment.

[@sebroki4679]

@@6cryn its just a rip off of vr chat but the kicker is you have to pay for it

[@abouthammertime]

Finally we can all buy our emperor’s new clothes.

[@dogstar9455]

"There's a sucker born every minute" - P. T. Barnum

[@timcrutedoteth7422]

Superb podcast here. With the markets having less order executions; situations like this are best hedged with sustainable positions especially bitcoin inverse contracts, as price strongly deviated against its long term mean average. The further it deviates the more momentum for a reversal to the upside. whales are currently in a liquidity grab at the lows. I've had series of trading losses I'd best not mention before being introduced to Mr. Callum Lucas. His careful guide and employing his Signal for my trades orders has been a great experience. Callum's signal algorithm are based on combinations of unique strategies

[@viper19691000]

His signals always hit the right entry before huge volatility impacts the entire market. That's top tier.

[@timcrutedoteth7422]

Callum is onTE | EGRAM ! ''; @CALLUCAS

[@carabine270]

Sometimes realistic factors discourage people from reaching their goals in life. I've tried investing in crypto several times but always got rected by volatility. Will definitely reachout

[@kiraasunna3019]

Callum's strategis gave me the assurance that has made me invest without the fear of losing, I got 3 of my friends into his guidance already.../.

[@foupwiys3675]

Thanks for the info, my inability to mitigate risk in time of stress has cost a lot trading...very much.;l.

[@LocalMemist]

This much relates to Ken Jennings' talks about the robots taking over the world in the future. Would we rather have a world with digital stuff and think knowledge isn't important? Or just use traditional ways.

[@BD-lq4id]

Societies created a beautifully free, fair, and open transfer of information, goods, and ideas. The powers that be have been trying their best to lock it down and monetize it through systems of finance ever since. Resist.

[@harvlolita6179]

ahhh... so this is the reason why youtube remove the dislike button! thanks for another great video TED!

[@laarnierosepayumo567]

💀💀💀

[@joewarren3379]

Yay. Another way to launder money! Cause that's all this really is about... but think what they tell you.

[@peterq1978]

NFT's are terrible for our enviroment at the moment... dont

[@redtukeguy4263]

as well as all around just terrible!

[@ambushbob5383]

@@redtukeguy4263 and a pure scam.

[@fabiopimentel8669]

For me this subject is a totally confuse in my mind.....but this video help me to improve about it.

[@tommypain]

Beware: the emperor is not wearing any clothes! What a stupid waste of everyone’s time.

[@Kurateesi]

I guess platforming people who are trying to create something new is what TED does, but I'm a little worried about this one. The TED talk framework here is legitimizing what is essentially a scheme to exploit artists. "Get involved, mint your art (((for a fee))) - it'll be great, trust me, I'm in a TED talk!" No one is interested in buying NFTs for the art, that's not the point. They will buy if they think they can sell it again for profit. All artists joining the movement does is make it look more appealing and legitimate when a lot of people and nice art is nominally involved. Making digital items for games and hangouts seems legit, but I'm not convinced it needs blockchain technology at all. Haven't people been selling custom dragon dicks in Second Life for over a decade now?

[@tobylegion6913]

That is nothing new. Especially when it comes to TEDx, which this is. TEDx are only licensed - uniform design and name to gain the credibility of real TED Talks (which are still subject to scrutiny)- but in most cases TEDx are basically commercials.

[@MrTeff999]

Eight year olds that create and buy virtual shoes need grownups that make and buy real shoes for them to wear.

[@marianeshields5625]

Nft certificate is provided for the transactions you will make with the Helps token. Also for free. How about promising coins?

[@bz3086]

0:18 Metaverse is diverse. 😂 you can't host your own channel in the meta verse unless you dish out $15k or more 🙈🙉🙊

[@taiebnajafi9337]

Is there any place for writers and poets in NFTs?

[@bushrayasmin00]

I also agree that NFTs & the Metaverse are the future of digital art. I really appreciate this insightful discussion of NFTs and the Metaverse. I am really fascinated by all these and now that everyone is talking about it, even the top tiered CEXes are bringing project related to this, is just getting me more and more soaked up. Just saw that MEXC Global has announced a project that is a combination of NFTs, the metaverse, and luxury brand transactions in one comprehensive package. really excited about $MEF

[@Enderdragon1201]

They absolutely are not. Nfts are already crashing and both them and the metaverse have terrible reputations amongst people, and for good reason; most of the benefits they could provide can be achieved in other ways with fewer downsides. Doesn't help that something like 99% of new crypto-related things are just scams now.

[@bushrayasmin00]

@@Enderdragon1201 i disagree

[@epicraids]

yes i agree with you but the probleme that this worls has alot of scammers so we should be attentive

[@ShutThePuck]

I think what we're more likely to get is augmented reality however, for NFT's to succeed there first needs to be adoption and interoperability. There's no point in owning a $500k monkey picture NFT if you can't even display it. The whole screenshotting thing isn't even the real issue, that can be resolved, the real issue is that there's no single 'world' to display it. In the real world you have a 1 of 1 painting, we all live and breathe the same air, so this issue doesn't exist however, we could see 500 different 'worlds' with no ability to take anything from one to another, then your NFT is essentially limited to that single 'world'. Easiest way to imagine this problem is video games, you can't take a sword from Skyrim and use it in Zelda, even with games that are built and run on the same engine, by the same studio/dev team, you can't do it in most cases.

[@pbainbridge]

As an artist i do like the idea we as creators get a cut every time a work is re-sold. However, i have a major problem with a digital online gallery, there is zero authenticity and empathy. What cleanses the participant is the physical world not a virtual one. Going to a physical gallery is like a confessional booth, you go in seeking redemption and you come out the other side redeemed. I can't see any sinners being washed in the digital version. LOL. During Covid, we as practicing artists were issued with the virtual alternative, it failed miserably. I'm all for future ways of living, but owning a digital piece of art has little meaning for me. I think there's a group of grifters at the back of the room pissing themselves laughing that the public is falling for this Metaverse. Maybe i'm wrong.?

[@binsworth7217]

Remember when TED was a platform for good speeches? yeah, me neither

[@I.____.....__...__]

Shame on TED for running this ad without doing any research. 🤦

[@eevva4973]

What do you guys think about Alethea AI? Its a project that is integrating AI into NFTS converting them into Intelligent NFTs or iNFTs. I would love to see your guys view on this.

[@johnc8548]

When you speak in meta verse where can it be keep safely without people copying your work anyone can just copy your work isn’t it also when comes to meta verse there’s a problem is just everywhere we can’t confirm which meta verse is real

[@darrell20741]

Paint the NFTs on canvas and ask buyers to pay using crypto currency. Also, only show them in a place where cameras are not allowed. Music: Perform it in concerts and do not allow recordings of it. Demand payment in decentralized blockchain money. You could also bind it all in digital form on a specific drive that you grant access to offline. Ask for payment in digital money. This is what I should have done with this reply, oh well.

[@user-ln6ne4xe9v]

In my country, the word so called"NFTs" is related to scam, fraud,or innovative way to deceive people who don't know it well.

[@cannapurp2833]

In my country NFTs are used by artists and scammers, but we only hear about one.

[@letisriva8581]

I never doubt how real and good the metaverse will be. but If we abandon our physical being are we still human? human is not just mind and spirit, we are three dimension creatures and the world we're living in right now is still a wonderful place.

[@glitternonsenseresin]

This is great for explaining NFTs, but I still don't truly get the Metaverse. How do you get on (in?) to the Metaverse? Facebook has something called Metaverse, is it all the same thing? Why on earth would you buy designer clothing for an avatar that only exists in a virtual space? Same for artwork, instead of putting in on your wall and being able to enjoy it each time you look at it, you're basically buying something you can only look at on your phone or laptop? So many questions! The more I learn, the less I understand.

[@suicune2001]

NFT's are a scam. Stay very very far away from them.

[@edwardscott8923]

NFT is interesting, as well as the Metaverse. I'm still learning more about it and how it works since I saw this project Metaversus and it looks so cool. Anywa,y I don't want to spend much money and waste it so DYOR first.

[@alansantos7513]

Haven't we got enough problems in the real world that should be addressed before we all jump into this lovely reality where our existence is finally separated from nature?

[@richardb7854]

you suddenly volunteering to solve these problems? or just making an unnecessary observation? humanity will never ditch reality for the virtual world, that's just a fantasy and real world problems are still being observed, resolved and created on a daily basis.

[@poppopp9893]

I want to go into the museum and drop garbage on the floor so somebody has to pick it up. That would create two jobs a janitor and security to throw me out

[@suicune2001]

LOL

[@Natedawg713]

Good info

[@TerrorTerros]

Let's not do this people... just don't

[@thorstenoerts]

Brilliant bloody timing on this upload. Line went down.

[@gamermonke2188]

Idk why this video is getting so much hate, the underlying technology of NFTs is useful regardless of how many scams there are.

[@FarbotBurunetNia]

I do recommend you to watch "CAPRICA," so you know the Hollywood metaphysical prophecy regarding your fascinating meta-verse.

[@jalania2813]

Metaverse trend coming, have you ready the project for yourself? How about Zombie World Z, metaverse gamefi, they will release Metaverse mode next month, maybe the big marketing coming too. Please review it

[@gundopush6545]

Didn’t SecondLife try this 15 years ago?

[@50_Pence]

Anything that Zuckerberg is involved in needs to be missed... And the way btc is falling that beeple will be $2.25 in a few weeks

[@7Alberto7]

Gary Vee would be proud of Ted

[@MereZen]

I think the technology of an NFT is interesting, but it won't succeed with JPEGs made by teenagers selling for ludicrous amounts. The idea of a decentralized system recognizing the owner of an item could have it's use cases elsewhere, like physical collectibles with a verifiable QR code to an NFT. Because it's trustless, it eliminates the need to trust a company verifying if a baseball card is a genuine for example. Even then though, it'll be hard to market the technology moving forward. The word "NFT" leaves a lot people with a sour taste because of where it is now.

[@ern0plus4]

Hey, everyone knows that NFT is a lie, don't need to argue.

[@RantKid]

@@ern0plus4 "is a lie" yes it can and will be filled with scams and bs but the OP makes a valid point. Your post is silly and unhelpful.

[@MereZen]

@@ern0plus4 What about it is a lie?

[@erikburzinski8248]

@@MereZen that ntf are leagly not the art and a number of other issues with them leagaly go to leagle eagle he has quite a long video just going over its leagle problems.

[@m-umar-amir]

Real-World Application of NFT and Metaverse Still needs To be Discovered.

[@MicrophoneMichael]

Lol good stewards of the metaverse… we aren’t good stewards of the earth.

[@JanKowalski-vj9py]

There's not reason to believe, no matter NFT properies are, there will be no way to transfer the ownership and related rights with single click outside of original owner's control. Not to say that making everything belong to someone will be the most horrible nightmare we could ever imagine.

[@calebbradley9018]

This is just an adult version of writing your name on your barbie dream house furniture

[@gabsinventions9135]

Call that decentralization movement as you explain how everybody is should converge to the metaverse is a bit contradictory don't you think?

[@AdityaMehendale]

Why is TED pushing ads for Facebook? "Metaverse" is not a generic name. No. Please say "smartphone" instead of "iPhone"; "websearch" instead of "googling" and "Slide-deck" instead of "powerpoint".

[@DigitalWorldFinance]

I agree

[@robertcalamusso4218]

Yeah. Let’s live in a fantasy world.

[@jalania2813]

Metaverse? Please review Zombie world z too, i see this potential because they will release metaverse this month or next month.

[@ppeterzhong]

The only thing of real value to me is telepresence. If metaverse is overblown, it will be "year 2000 bug" once more.

[@mulchandani6355]

"... We can have exact same experience in the virtual world...!!!" 🤣🤣🤣

[@tamashegedus7720]

"This new automated tool that allows for guaranteed proof of origination and ownership of music, videos, images, and even text is called an NFT" That is only true if you can provide a step-by-step guide on how to find out the original author of any digital good. Surprise, NFTs cannot do that. If you find a file on the internet, and you want to find out its origins, NFTs are not going to help you. Now you just have to check multiple blockchains in addition to what you have done in a world without NFTs, and even then you cannot be sure because anyone can "mint" any digital good on any blockchain. It's possible that you don't find it on any blockchains, it is possible you find it on multiple blockchains with different authors, and even then the real author will probably not be among them. But ok let's say you get everybody to agree on using the same blockchain, and to utilize fingerprinting for integrity protection. Then what happens if I take the good and slightly change a single pixel? Did I create new art? The blockchain will say yes, but people will say no. NFTs are not a proof of origination of the digital good, you have to search for their "intrinsic value" elsewhere, and please tell me if you found it.

[@6cryn]

the nft is the receipt; the value is in their DAO; many are against the nfts here without properly understanding them.

[@Urelasir]

@@6cryn Check Folding ideas vídeo on Nfts and you will know how full of bullshit What you said is.

[@suicune2001]

@@6cryn I understand them just fine. NFT's are a pyramid scheme made to create fake hype over a fake "currency" that has no value by letting you waste that fake currency on digital items that have no value. What value is there in something I can just right click and copy to my computer? I've had other people's digital art I've randomly found online since 2006. What keeps me from just grabbing one of those pictures and making an NFT? Nothing. And, that thing attached to the link can get changed at any time, as have been seen by the many many MANY NFT scams. Crypto currency is a currency for criminals, including pedophiles. (who else would feel the need to use a fake currency they believe is anonymous and untraceable?) NFT's are just a pyramid scheme that even has its own money laundering app.

[@m-umar-amir]

Real-World Application of NFT and Metaverse Still needs To be Discovered.

[@6cryn]

@@suicune2001 the pyramid scheme and the fake hype are true for some projects in the nft market, but the benefits of the entire nft ecosystem are well over-passing the disadvantages. Saving a picture from the blockchain won't give you access to the DAO of that project so it's useless to do that. Everything is traceable in the eth blockchain and not really used by criminals.

[@beingtohuman]

Real universe is enough for us. Tq

[@r.keutterling4253]

Can we put NFTs where it came from?

[@RenierWessels]

Never thought of Snoop Dogg as a heavy hitter. Lol

[@jordanetherington1922]

I am disappointed in TED attaching their name to the NFT grift and the utter techbro ridiculousness that is "the Metaverse"

[@RantKid]

I disagree with the premise that TED isn't allowed to have on guests that happen to promote things you dislike. You're focused on being mad at the wrong thing. The thing we should bash TED for is allowing a speaker, who's supposed to have at least some objectivity to what they want to educate about, to promote their own self interests, i.e., promoting an industry that makes her business profitable. Forget NFTs. This was an advertisement under the veil of a Ted Talk. Shameful.

[@poppopp9893]

Well TED attaches its name to all kinds of trash.

[@jordanetherington1922]

@@RantKid Jokes on you, I can be upset about both!

[@ern0plus4]

@@RantKid Well, there is a limit somewhere. I think, 100% bullshit is not suitable for TED, but I'm not a TED editor.

[@duranarts]

What NFT bro hired this lady?

[@terrific804]

Just think, now you have a perfectly good reason for staying forever in your basement.... and it doesn't even have to be a very big one. The metaverse..🙈

[@mick-ericboettge8683]

99% of artists hate nfts coz people buying and selling them don't care about the art, if they did they would commission the artist. Its just a commodity. And to add injury to insult, every artist with even just the smallest following has their art stolen and minted without their consent. It's literally the worst thing that happened to artists in forever.

[@ravynwoods5902]

Anyone else feeling that impending doom or is that just me?

[@sunnyhing91]

The greatest paradox on decentralization is selling the digital artwork/NFT to buyer in a marketplace. Isn't that the marketplace is the "centre"? Maybe big brand/celebrities can sell NFT directly to their fans/loyal customers without a marketplace, but a nobody/small potato without a marketplace, it's unlikely. Lastly, no matter how interesting about "smart contract", one should learn about the law on ownership before creating/minting those NFT. A poorly created "smart contract" may make the transaction illegitimate. Such that there is no ownership transfer. Despite all of my criticism, I'm glad the speaker admits there are complex problem need to be solved.

[@joeynessily]

The Meta verse doesn't replicate at the real world at all.. there's zero to do and see. They only have the game Beat Sabre at their meta store. And the bottom has already fallen out of the scam which is NFT's. NFT's don't contain any art.. even a JPEG.. they contain a link and those are very fungible. A company still owns the host of that URL... NFTs have no ownership standard whatsoever.. they are only as good as the seller.

[@authorlynndavis]

Next up on Ted: "Hi. Did you know the earth is flat?"

[@ern0plus4]

I will buy NFT as soon as it can be used as background image for my smartphone. Until then, I'll use JPG or PNG.

[@stereodark]

Sorry but I fail to understand why would you pay for something is now free. I’d rather see it as I would buy only if some days companies force me to as it will be the only way to set a phone background. But I don’t think that will happen in a non distopyan world

[@ern0plus4]

@@stereodark That's the point.

[@looming_]

Someone explain to me why NFT in their current form have any intrinsic value?

[@JanKowalski-vj9py]

Because it's a way to put a tollbooth on anything You want and restrict access to it unless paid.

[@looming_]

@@JanKowalski-vj9py I understand that. But the artwork underneath. Why does that have any value

[@ambushbob5383]

@@looming_ it dosen't.

[@MS_2233]

the main question is .. Who does need digital world ? After two years lockdown the people now want to jump in digital world . Wasting few time they have with art gallery , musicians without talent or watching old idols playing ? Just not make sense

[@conorneligan7694]

0:39 this sentence just sounds fucking insane, just listen to it a few times Does she not see the problem with this

[@cybersekkin]

NFTs are already being used to sell things by people that don't own them. NFT is fundamentally broken.

[@FrancoMscs]

thank you Skyler White

[@DougiePlaysSoccer]

So the online realtors are intermediaries… Just like a bank…

[@DougiePlaysSoccer]

They also define which block chains are valuable or not..