Fun fact for artists: *There aren't any background checks to make sure an NFT seller is the creator.* The market is new, and it's a free-for-all. The only real background check for NFTs right now is the check to make sure there isn't a duplicate NFT on the market. This means that if you wanna make an NFT with your art, you have to do it hoping that an art thief hasn't already made one of yours. If you wanna take down an NFT yourself you're gonna need a lot of lawyers to sue them- because not only are NFTs such a new thing that the lawyer you actually _can_ afford won't be trained in it, but the person who's sold your work for big cash/crypto now has more than enough money to fight you in court. Not only are NFTs unregulated environmentally, they suck in every way possible for small artists with no recognition.
@blackopal31383 жыл бұрын
unless your work has never been published or uploaded. thats what i dont get about the platforms. they require your portfolio to be on a cloud somewhere. im like, isnt that defeating the reason for your existence?
@HelloOnepiece3 жыл бұрын
Also, there are a million of Crypto networks, so there can be millions of originals, heck vreating a new system is not that hard either....
@icarus5503 жыл бұрын
There are no background checks when selling physical or digital art anyway.
@asbrozek643 жыл бұрын
As far as I can tell, there is nothing inherent about the NFT system that claims original ownership. So you can just upload your own copy and claim you are the actual creator, hopefully with some info to back it up.
@fatisummer91063 жыл бұрын
@@blackopal3138 you can create on a private portfolio where no one can see without a link to it
@HustlesInc2 жыл бұрын
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!
@Nothers902 жыл бұрын
*screenshot your nfts*
@buzzlightyer2948 Жыл бұрын
ratio
@chocomunky1283 жыл бұрын
I don't think NFTs are going to disappear anytime soon, but I don't think we can ignore the fact that all of the current buzz revolves more around the money than the art itself. People are purchasing these art pieces with the intention of selling them at a later point for more money. It is an investment in the relative perceived value of a digital asset. So for newer / undiscovered artist, I see this as being a waste of time. Even if you are an incredibly skilled artist, if there isn't any value attached to your name, you probably won't fair well on these platforms, as the major players involved are more interested in money than art.
@voiceofreason16132 жыл бұрын
That's what I'm nervous about. Being one of the more skilled artist and getting ignored.
@r.jguerra55262 жыл бұрын
@@voiceofreason1613 the best people don't always stand out, that's frustrating
@meBethany1012 жыл бұрын
Not to be blunt but the selling.. of art has always been about money. Also money laundering.. now they have just modernised it
@T4eva2 жыл бұрын
Oh Jesus :( I don’t think we like that.
@thenman232 жыл бұрын
the artists earned royalties on every sale lmfao
@EricDoggett3 жыл бұрын
As an artist who's been around plenty of people that collect original art, this seems more to me like an art stock market rather than a collectible market. People who collect physical art want to display it. They want to get up close to it and experience it. Many times it's a memento of the relationship between the artist and the buyer. When an artist signs something for you, or personalizes it with a note that resonates with you, it becomes really meaningful. NFTs, on the other hand, seem at this point to be a stock market for digital art. And while it seems to be paying off now for some (and who knows - I might dip my toe in it), it never in its current form will have the significance to someone that an original, commissioned piece of art can.
@TheFinalGate_3 жыл бұрын
Money talks though
@KeshArt3 жыл бұрын
This is such an underrated comment. An important observation that needs to be made
@nickreeder29793 жыл бұрын
Well said.
@hankzhong3 жыл бұрын
I have the exact same sentiment. You're basically buying a piece of paper that says you own this art work, without the actual physical art. I think what is interesting is actually using the NFT to authenticate a real physical piece of art. There will always be fraud and forgery, but the combination of having to replicate an artist's unique physical piece AND an NFT is magnitudes more difficult than either one alone.
@ryuugaeisen89463 жыл бұрын
This is so true.
@timid_MAGpie2 жыл бұрын
Great explanation and I’m glad you gave your honest take on it. To me, it seems like the idea of an NFT cheapens the art people create. It becomes a commodity and the sole purpose is to make money. I like that it’s a way for artists to make more money but it kinda defeats the whole purpose of art which is the create an idea or a feeling not to poop out a picture and hope to make a million with it within a year.
@rettenthetetlen87592 жыл бұрын
It's not a big sacrifice if you don't necessarily have to work 40 hours a week to live off. Loosing time, energy and creativity = waste of time while you not making art. Live off making art is sooo difficult sad but true.
@wombatcube3 жыл бұрын
I don't know why but the more you've explained this...the more icky it feels. But thank you for explaining it & researching it. Because I didn't want to lol!
@christoliver20653 жыл бұрын
Weird. The more I watched this video the more I think everyone overreacted about NFTs. Edit: nvm talked to my friend who actually does cryptography. It's like a lot worse than it seems on a lot of fronts.
@wombatcube3 жыл бұрын
@@christoliver2065 Cool .....I had some misgivings before the video too so....and if you don't believe in climate change I can see why you'd say this fella's overreacting. personally, after five months, I'd say I still feel icky about NFTs because it's already really hard to get noticed as an artist.....but new gatekeeping tactics are the norm, these days.
@PROPAGANDASHAND3 жыл бұрын
Ah, the world is going to be a bit different... soon....
@ricardoroxas76903 жыл бұрын
I'm here because someone on Twitter allegedly had their art "stolen" when someone else uploaded their art on one of these sites. If the artist didn't upload their work themselves and publicly condemned the "authentic" copy, would this work the same way that market forces do and the guy who stole it basically just paid gas for something no one would buy because of it's stolen nature? I think this is super interesting, especially the part that talks about how we think about money and value for digital, arguably immaterial(?), things. Even more when you think that our current intellectual property laws don't even cover this area yet.
@uwumarii3 жыл бұрын
This is the question that's been bugging me while watching "what is nft videos" Why has no one talked about this??
@wavypeso3 жыл бұрын
Sketchy af
@thosoz34313 жыл бұрын
Excellent post. Would be a good follow up video.
@m.p.38392 жыл бұрын
Mu biggest fear stolen
@stevepughcom3 жыл бұрын
what you were saying about the gas price reminds me of how the people who made the real money in the gold rush were the people who sold the shovels
@wavypeso3 жыл бұрын
This comment right here tho
@alil82703 жыл бұрын
Bruhhhhhhh !!!!
@Ilovesushi1234563 жыл бұрын
Dude, so true.
@Atlaslean3 жыл бұрын
Thank you for the unintimidating, easy to understand way of explaining this. Its so easy to get distracted by all the noise and the gold rush mentality and lose all control for a money grab. You explained this very well. Thanks again!
@AdamDuffArt3 жыл бұрын
Damn man - you just bring art community content to a whole new level I can’t thank you enough!
@thebradcolbow3 жыл бұрын
Haha, thanks man, that means a lot coming from you. I rewrote this script several times to make it accurate and not to get bogged down in the weeds which is very easy to do with this topic.
@abcdef20723 жыл бұрын
@@thebradcolbow Hey Brad, thank you a lot for your video. I don't judge anybody who does NFT, I know it's complicated and artists who have been undervalued for so long are happy to finally have a tool that values their work properly. But I feel as if the video passage on the downsides downplays the negative effects a little too much in comparison to all the benefits that you emphasize a lot. (I do understand. A lot of the things you mentioned excite me, too. But I think NFTs are a lot more critical than presented in the video.) There is a strongly worded article on Medium that explains the problems and whereas I know its tone is really sharp I think the points it makes are still worth considering. Maybe you could look into this? everestpipkin.medium.com/but-the-environmental-issues-with-cryptoart-1128ef72e6a3
@Thesamurai19993 жыл бұрын
Adam, here’s your opportunity to become a millionaire 🤩
@adrianboysel3 жыл бұрын
He's a boss!
@ThatTCAT3 жыл бұрын
Sweet! Another thing I will completely fail to capitalize on!
@Schroefdoppie3 жыл бұрын
Yup
@chibuzorawanye86623 жыл бұрын
Same
@metagirl25733 жыл бұрын
that’s what you think;)
@frostreaper16073 жыл бұрын
Same, the entry price is already high and it’ll only go up I guess.
@jagz8883 жыл бұрын
@@frostreaper1607 it will go up which is exactly why you should do it, many will give up and those that don't will likely succeed I want the price to rise eliminating my competition
@Stiddo3 жыл бұрын
As much as I study this I feel like I still don't understand the real use or how it helps anything
@overtarget3 жыл бұрын
Money laundering bro, even my nephew knw it. Lol!
@juannaym84883 жыл бұрын
That's because it doesn't
@X8X8X6X4X3 жыл бұрын
It doesn't help humanity, only rich people with an abundance of money
@GenevieveKim3 жыл бұрын
The biggest benefit to this is ensuring that artists are properly compensated for their artwork. With a token, usage and terms for usage along with compensation can be monitored. This is great for artists for multiple reasons. Let's say you are a professional photographer and someone decided to take your photos screenprint them onto a whole bunch of t-shirts and sell the t-shirts at $100 a piece. Technically under artist copyright laws this is illegal, however, this happens all the time, and artists often do not get compensated even though there would be no t-shirt without your photos. So in order to prevent this from happening, you could turn your photos into NFTs and ensure that you are compensated for any purchase or future use. Also, you can determine the terms of usage. So if you don't want your photos ever put on a t-shirt, you can write those terms into your contract. You can also also set the terms such that you can get a royalty anytime someone does sell a t-shirt using your photo. The beauty is you can be making money off of every t-shirt that uses your photo without having to do more "work." It's like having a digital widget. Hope that helps explain things! As an artist, I think this is pretty amazing because artists get ripped off all the time, especially with digital art. People steal things off the internet and use it to make money without any acknowledgment to the artist, and in the end, if it weren't for the artist, there wouldn't be a "$100 t-shirt" to sell.
@reginaschmidt49043 жыл бұрын
@@GenevieveKim Thanks for the explanation. What I still would wonder about: okay, so maybe one can 100% see who created the piece of art, but what if someone screenshots the pic simply and then prints the t-shirts. The NFT-creator/artist would have to get lawyers involved to claim his rights -> a ton of costs and maybe even no success... especially if the person who "stole" the art is somewhere far away and/or not to be located. And also: if they sell the NFT-piece -> do they just sell the access or the piece and the rights to it alltogether or can that be different? I mean: who will track if the access gets bought, but then t-shirts are printed from it. I am really asking out of curiosity, because I can't see it and I also suspect money laundering to be the real reason hahaha I can t wrap my head around anyone spending thousands on on some digital graphic ._. at least not to this extend at that the NFT sells are presented - like: "Anyone can create and sell - Get rich now" ... it seems like it s some money new market especially to do money laundering
@themadatheist19763 жыл бұрын
Crypto currency is also increasing the demand on video cards which is raising the price of PCs that I'm trying to buy.......
@spicydraks3 жыл бұрын
Nvidia and AMD said they would throttle mining in their cards (not all of them) so that should balance it out again hopefully
@JiorujiDerako3 жыл бұрын
@@spicydraks Take at least Nvidia's claims with a grain of salt, they're also selling mining-only cards now which are even worse because they're driver-locked to be rendered useless for anything else (because they didn't like how with the 10xx series, when the mining crashed, miners sold their used cards and gamers were able to get them cheap and not buy the 20xx series like Nvidia wanted them to do). Demand is still going to be up a bit now that mining seems to be getting popular again, the mining-only cards might help with the prices a bit, but then further down the line, you won't have that option to buy those used cards, and those cards are likely destined for landfills as a result. LinusTechTips has a pretty insightful rundown on it.
@astercast3 жыл бұрын
Because it’s the future. Stop gaming and learn.
@mfatihbilhaq49773 жыл бұрын
@@astercast game developers : *don't*
@kakizakichannel3 жыл бұрын
I just wanna play video games!
@Idk-yxd3 жыл бұрын
I was so confused about the whole situation, I'm glad you explained it in a simple manner. being away from social media this year was a smart choice until controversial topics like this one emerges 😂
@FernandoFernandezLobillo3 жыл бұрын
Thank you very much for the information. You hit the point!! The fees: the main reason that will finally clean all the stuff generated by the initial NFT fever. Everybody consider they may get rich during a weekend, after paying almost $100 fees, to put their "art" in a infinite beach full of sand grains. Briefing: are you an artist? This is an excellent way of selling your art. You don't have experience as an artist? Think twice the fees you're going to pay/waste...
@aintcappin3 жыл бұрын
@J H yes. Everytime you sell an art you gotta pay
@mafermononoke3 жыл бұрын
So THIS is what everyone has been screaming about on my twitter for the past week. I seriously had no idea and just thought everyone suddenly had this mighty need to draw bigfoot. The more you know!
@CakesByChoppA3 жыл бұрын
THANKYOU for explaining this is a way I totally understood it - Cheers Brad!
@thebradcolbow3 жыл бұрын
It's all those hours on clubhouse in the NFT rooms 😄
@MajeedaArt3 жыл бұрын
Yes! I have been seeing so much about this lately but much of the information is a bit confusing I appreciate the way the info was simplified :)
@clairecar93903 жыл бұрын
Yes thank you! New sub ☮️
@JAPARICOFOREX3 жыл бұрын
@@clairecar9390 I also did a live event about NFTs yesterday but Brads explanation is easier and makes more sense.
@acap20253 жыл бұрын
@@thebradcolbow Do you buy a token to go along with all your pieces of art or do you have to buy a token for each different piece of art you make and put on the site?
@Aljoheri3 жыл бұрын
"focus on creating" that is the perfect advice. Plan for 10 years of creating. Start now, make 1 artwork per month.
@Ilovesushi1234563 жыл бұрын
Exactly! The more developed your style is the more people will know who you are.
@abcdef20723 жыл бұрын
Thank you for the video, Brad! What I'm worried about is how people might use NFTs for large scale art theft. If the NFT is tied to normal jpgs (or pngs or what-have-you) then what stops people to take a jpg from an artist's social media account and register it as an NFT that they can sell. Now they can make even bigger bank than just stealing artworks for t-shirt printing websites. Big, curated galleries might conduct background checks but they restrict which artists can sell their art through them. As there are also other websites like the ones you mentioned in the video I can see these being a big problem for smaller artists. Or bigger artists without a lot of money! For indie artists fame/following doesn't always translate into big bucks. Even a lot of famous digital artists are just very average people financially. The costs of turning their art into an NFT may be too high for them to be feasable but at the same time not turning it into an NFT might mean they're not protected against art thieves with more resources available. There is so much art theft already, as an independent artist this really worries me.
@SchemingGoldberg3 жыл бұрын
What stops it is copyright law. If somebody did that, they would very quickly get dragged into copyright court. There are many lawyers who are willing to work for free, especially for cases where they are guaranteed to win (such as if you can easily prove that the art is stolen).
@abcdef20723 жыл бұрын
@@SchemingGoldberg I'm not sure how realistic that is, tbh. I feel like a lot of people want to fall back on that "it's protected by law" narrative whereas the practical reality looks different for many people. I've already seen two examples by people on twitter whose art has been wrongfully minted by other people. This may be a big problem if you consider the international scale of the internet and the digital art world. Cryptoart doesn't just happen in an enclosed national space, e.g., it's not just done by US Americans for US Americans etc. If a website is hosted in a foreign country with different copyright laws (or different willingness to enforce laws) then this might make regulation much harder if someone mints your work. On the other hand, even if we are talking about reputable websites foreign artists might have a hard time accessing law enforcement in this country. There may be language barriers which make entering the procedure hard, intimidating or impossible, knowledge barriers wrt foreign law or financial barriers (who says everyone will have access to a free laywer? It's great there are those who do it in the US (I assume) but that doesn't guarantee they will be available for everyone, let alone in any country where the art theft happens, or that they all will represent international clients). And lastly, it's also possible that you just don't notice if your art gets stolen. The internet is a vast place and there are a lot of artists who only learn much later or never about an art theft. I do think it's a realistic threat and whereas I don't think copyright laws are useless I think they will not protect people as much as they hope they will.
@SchemingGoldberg3 жыл бұрын
@@abcdef2072 Copyright law is almost entirely universal, there's only a tiny handful of countries which don't abide by it, look up the Berne Convention. And DMCA is universal even across countries. Also, the only law that matters is the law of the marketplace. If the marketplace is in the USA, then it will abide by USA copyright laws. And every marketplace has a system for reporting fraudulent art (without needing to drag them to court). There may be some isolated incidents, but I don't think it will be that widespread, especially on the marketplaces which require approval.
@TheUbernuck3 жыл бұрын
@@SchemingGoldberg The only ones that copyright law helps protect are big companies. I have never seen a small artist be able to get a company to stop selling stolen art.
@SchemingGoldberg3 жыл бұрын
@@TheUbernuck Yes, I agree, I think copyright and patents should be completely abolished. However, even without copyright there are ways for an artist to prove that they are the creator. And then it will be up to the NFT marketplace to curate the submissions. If they don't curate, then they will get a bad reputation, which means the rich high art collectors won't use that marketplace. So it's still a non-problem even in that case.
@alias53053 жыл бұрын
NFTs are kinda worthless if they’re fraudulent, right? Artists are getting their stuff stolen already via Twitter. How can people with little to no following even break into this?
@risingkhero17143 жыл бұрын
not to mention the HUGE environmental costs with NFTs
@mrs.quills70613 жыл бұрын
I just heard about this too. I was totally for this until I learned about the theft, bots and people selling tweets and images. It’s quite disappointing I was excited for digital artists to have an “original”.
@julia-pw8fz3 жыл бұрын
@@mrs.quills7061 ikr! now im scrambling to retweet and repost block lists. it sounds like a sweet deal but in truth it's destroying artist communities and the environment...
@mrs.quills70613 жыл бұрын
@@julia-pw8fz same. I feel like a fool for hyping it up and sharing links, but I think many of us have been outraged with art theft and copyright stuff for so long we jumped in without really thinking. It’s cool concept, but I think right now it needs more time to become sustainable. Ten hun (another artist) just did a video about this and how some marketplaces are moving towards non mining structures so it would eliminate the need for crazy computing needs and power. But that could take years.
@jefferythompsonGRYTman3 жыл бұрын
no it isn't the big play is when a Fortune 500 wants a piece of your work....if they steal it you can sue...in fact Fortune 500s will probably start using this as a legitimate way to purchase licensed material. Also because of block chain there is really no argument who the art belongs to.
@BenjiCT3 жыл бұрын
This was very helpful! Does the buyer have to pay for “gas” as well because they have to also pay for their spot in the block chain? It’s hard to understand since the seller paid for “gas” to upload why the buyer also pays.
@GingerHoliday3 жыл бұрын
I just still don’t understand and I’ve now watched many videos on the subject. So you get nothing tangible or in the real world correct? When I buy something, especially art (if I were to do that) I want to hold it in my hand. How does this translate to that? The only thing I’m willing to have digitally is music and then I still buy the album I don’t stream it. Anyway to me this just seems ridiculous, I mean more power to the artists selling their art this way but like, I don’t want a digital drawing that lives where, on my computer? So confused
@franz9093 жыл бұрын
You get to hold your credit card bill when it comes in the mail if you want a picture of cat for 15K
@ninja_tony3 жыл бұрын
As a lifelong artist myself, the entire thing screams of one giant scam. It basically sounds like people are buying "ownership" of a certificate that claims they are the owner of an original piece of digital art (which is already an oxymoron in and of itself as nothing digital can truly be considered "original"). And on top of that, they are making the purchase with the equivalent of play money. The fact that so many people are rushing to sing its praises doesn't make me feel out of the loop, it makes me feel like we are literally witnessing the next "gold rush", and we all know how that turned out. The only difference is gold was actually worth something. This nonsense has no tangible worth, nor does the fake money being used to purchase it in the first place.
@blendifi3 жыл бұрын
Dude, i totally agree what you said at the end. "If it interests you, play the game. But focus on your work, then the rest'll take care of itself"
@clgraphix2 жыл бұрын
The level of honesty in this post is sincerely appreciated! 💯🙏🏽🇹🇹
@ForestSpirit223 жыл бұрын
Love that you point out not only the potential of NFTs but also the caveats, especially the environmental impact of crypto. Yes, I'm aware there are also cryptocurrencies that use mechanisms other than proof-of-work (a.k.a. mining) in order to mitigiate the environmental impact, but right now Bitcoin is still the big player and the total energy consumed by mining outclasses entire countries.
@pepudin3 жыл бұрын
But the problem is how the electrical energy is produced (a.k.a fossil fuels,coal), not the mining of Bitcoin. If for example the energy came from solar panels there wouldn't be a problem. We need to fight the source of the problem...
@naiknaik88123 жыл бұрын
But tbh that sounds like a problem of the energy souce itself, not bitcoin.
@peppamunky3 жыл бұрын
@@naiknaik8812 it's a problem of both. It's like saying a car that produces a lot of emissions doesn't have a problem, the problem is that the car uses fuel.
@SchemingGoldberg3 жыл бұрын
NFTs don't use Bitcoin, they use Ethereum. And Ethereum is switching to proof of stake, which uses WAY less power.
@peppamunky3 жыл бұрын
@@CygnusOrb do you have a source for that? I’m not being snarky, the environmental impact is my only hang up
@jaypgallery98673 жыл бұрын
Believe me when I say I saw a few videos of NFT’s and was more confused this video explained everything crisp and sharp man thank you
@aminansar52943 жыл бұрын
This is the best channel for digital art. I really love the quality of content and your way of teaching :)
@JillValentine20133 жыл бұрын
Now I'm more scared to start commissions or uploading my art online. I don't know what I would have to do if someone steals my work and does this.
@rinaloveskiwis3 жыл бұрын
I want to start doing commissions too but now I'm scared of this whole thing. I guess the only solution would be to sue them, but who knows if that would work...
@JanineMKartist3 жыл бұрын
@@rinaloveskiwis they only requests I would take for making my art would be size of a piece. I am developing at a sloths pace so I have t started selling online just yet. Yes this concept seems like a huge I just don’t know about this. Sounds cool at face value until one starts watching videos like this . My hope is it doesn’t devalue physical - ie on canvas etc artwork . I’m doing mixed media so this concept wouldn’t fit me. Also I like working with physical art materials . Digital alone isn’t enough to satisfy my creativity .
@ai-man2123 жыл бұрын
You sue them and make bank.
@_____._..--_3 жыл бұрын
@@ai-man212 you need a lawyer, and most cases, if you win the money you won from the lawsuit would be pocketed by the attorney lol
@ChaosSpectator20203 жыл бұрын
I find it funny that just yesterday, one of my favorite digital artist who uploaded his NFT discovered that his art got stolen and is bidding for slightly higher fee than him in the auction 😅 He was selling his art for 0.30 ether, the other dude was around 1. Something almost 2.
@NoblesseOblige-173 жыл бұрын
There are some interesting aspects about NFTs for the future, but currently, with the way they affect the environment, I definitely can't support something reprehensible like that.
@bluepterosaur3 жыл бұрын
How do they effect the environment
@bluepterosaur3 жыл бұрын
It’s digital?
@NoblesseOblige-173 жыл бұрын
@@bluepterosaur Every operation with PoW Blockchain (which NFTs are based on) demands a disgusting amount of electricity to be used.
@shinkamui3 жыл бұрын
is the carbon footprint from that higher than making prints and shipping it across the world? cause if they can replace prints, might be overall worth it
@renjithjoseph71353 жыл бұрын
Trying to get virtue signallers to think.... Best of luck.
@BlueCrayon773 жыл бұрын
So it's all about trading receipts? The art is arbitrary? Basically the receipts have value, but the art is digital landfill?
@eshulade62923 жыл бұрын
It’s gonna end up that someone famous owned the art and that’s how it gets it’s value .. nothings changed
@millionaireincorporated62803 жыл бұрын
definitely an interesting space, and I can definitely see that aspect to it. I think there might be another evolution to NFT's that will make them more valuable to own (I don't know what though, just a thought)
@user-mx4vd4ow2e3 жыл бұрын
@@benisrood They did.
@florianschmeling50933 жыл бұрын
This video was sooo necessary! Thanks for that. I think you summarized it the best possible way. Cheers
@atoaster20703 жыл бұрын
So an NFT is like a certificate of authenticity, basically.
@thebradcolbow3 жыл бұрын
Yep, exactly. But it's digital.
@muranziel3 жыл бұрын
And it can't be forged.
@spielundzeug3 жыл бұрын
@@muranziel funged
@Joelpessoa.design3 жыл бұрын
and can make you receive royalties each time someone trades it, forever.
@MrAndrewsome3 жыл бұрын
It's also able to track who is the original and its will update hash value every time it's got a bit of changing, and all those changes are traceable as well that all recorded on blockchains
@itdoesanimation3 жыл бұрын
It’s true, just as any market place, someone or a business needs a following of customers that desire the work before anything will sell. So keep promoting your work! Keep creating! In the long game. No short easy money here.
@techpriest43473 жыл бұрын
This feels as though it solves zero problems and just burns the environment down.
@twours3 жыл бұрын
it's just selling sea shells on a sea shore, selling air on a bottle while destroying the trees
@yoavhalperin58523 жыл бұрын
@@twours it's not trees that get destroyed, it mainly causes holes in the ozone which then lead to more radiation from the sun and more global warming
@techpriest43473 жыл бұрын
@@yoavhalperin5852 I'm aware. It's hyperbole
@lignenox3 жыл бұрын
It solves the problem of not being able to own digital work. It's a costly solution, for sure, but it does solve something.
@astercast3 жыл бұрын
I think you are misinformed please look into what you are talking about because you sound like a clown to anyone who can read a few articles (aside from mainstream media). If you mean energy consumption, then blockchain technology uses a very small fraction of the energy that our current financial system uses. All of these nfts would be running on the same blockchains that your country’s central bank will be using very soon. You can stick to old beliefs all you want until you realize youre getting left behind. Good luck in the future because this is it.
@khushboop46272 жыл бұрын
Loved your simplified explanation of block chain and the art angle to it
@Little3Pigs3 жыл бұрын
Wow they found a way to sell you GAS (the token), so I guess that means that the value of the crypto currency will increase.
@deeppnftdeepp31632 жыл бұрын
thank you for support
@sambeawesome3 жыл бұрын
While I appreciate you mentioning, briefly, the environmental impacts on this, I don't feel like it was emphasized enough. With just one artwork, you're burning the equivalent of DECADES of electricity. With ONE artwork. Absolutely not worth it to me, no matter how much money I could make. As cool as an idea this is, unless we find a way to massively curb the effects it has on our planet, I hope the hype for it dies off completely. EDIT: I have seen new information that it's months instead of years. (It depends on the artwork, number of sales, etc.) But months is still awful. More and more information apart from the environmental impacts has come to light as well. (Artists not getting their 10% if the NFT is sold elsewhere, artists having their work stolen and sold without their permission, etc.) All of this makes it not worth it, and dangerous for our community/the planet.
@thebradcolbow3 жыл бұрын
Yeah, I wasn't sure how to approach it because then numbers are all over the map and it's hard to know what sites are giving out accurate info. I'm also still not clear exactly where this cost is incurred, is it when the currency is mined? When the NFT is minted? when it's bought or sold? all of the above? Most of the people excited about this want to sweep the environmental impact under the rug. I don't have the answers but clearly there is a big impact and it gets worse as things grow and that is worrisome.
@user-wc8oc3 жыл бұрын
Use your brain please. Nobody is burning decades worth of electricity with one artwork
@sambeawesome3 жыл бұрын
@@user-wc8oc To be fair, I did see new information that it's months instead of years. But months is still awful. More and more information apart from the environmental impacts has come to light as well. (Artists not getting their 10% if the NFT is sold elsewhere, artists having their work stolen and sold without their permission, etc.) All of this makes it not worth it. I will however edit my post for the corrections though.
@davidlewis40133 жыл бұрын
What happens when someone steals your work and manages to list it on one of these sites, (unbeknown to the site) before the creator has listed it somewhere and it's already sold and resold one or two times? Genuine fakes?
@Cred1Tor3 жыл бұрын
it wouldn't be worth anything because it didn't come from the original creator (as i understand it at least)
@joemotive3 жыл бұрын
@@Cred1Tor but how would anyone know?
@Cred1Tor3 жыл бұрын
@@joemotive it's on you to make sure, there's no built-in defense against it and i heard there is some fraudulence going on, kinda the same with physical art, you can't always know you're not being sold a fake
@davidlewis40133 жыл бұрын
Mine is the real jpeg! That guy's is a phony! Oh and what if the artist is dead? This stuff has value because x amount of people agree it does. At least with professional fakes of physical artwork there are telltale signs as to why it's a fake, beyond "who uploaded this?"
@joemotive3 жыл бұрын
@@davidlewis4013 that’s what I’m curious about too.
@KevinRynd3 жыл бұрын
People don't really care about the environment like they say they do
@DJAlicorn3 жыл бұрын
Facts. It's like Tesla heavily investing in Bitcoin. Hypocritical.
@astercast3 жыл бұрын
What about the environment? I’m really confused
@lignenox3 жыл бұрын
@channelofstuff short sighted understanding, entire ecosystems can collapse from prolonged unnatural temperature changes. e.g. great barrier reef. The flow on effects to everything on Earth is more direct and pronounced than simply dialling up the aircon.
@Jerry116063 жыл бұрын
@@DJAlicorn look up how they get their lithium, or where most electricity in the US in generated. Yeah tesla isnt doing anything to help the environment. Their cars are just more status symbols
@julia-pw8fz3 жыл бұрын
@channelofstuff global average temp increase of 1 degree isn't just like "oh its a normal day, it's 1 degree warmer" no. that's not how it works. this is like, basic knowledge abt the environment. tesla and cryptocurrency and battery production are things up to debate, but it's not debatable that global temp increasing by a few degs isnt going to do any harm.
@Undlark3 жыл бұрын
So, do we consider people who are currently stealing other people's digital art and putting NFT's on them to be literally making replicas of a picaso, because currently I'm seeing a rash of artists having their digital art stolen and sold as Crypto art. How does such a system really stop that from happening? What happens if someone is caught committing art fraud by selling crytpo art of work that isn't their own? What happens to this blockchain? Does the money earned from exchanging the art go to the artist, or would it be treated like counterfeit money in the digital world? What steps does the artist have to make to prevent people from literally finding their digital art that they've submitted in the past twenty years online and making NFT's out of them? In this digital world, we don't have the same security preventing someone from breaking into your physical art gallery and stealing your one-fo-a-kind Picaso before you've placed an NFT on it (in fact from what I understand any digital artwork up until now is going to be so easily up for grabs by thieves using Crytpo Art/NFT to sell your work until you've rushed to submit all your work with NFT's. It feels as though artists will need to rush to apply themselves to these NFT crypto art systems, or just avoid submitting their artwork on social media all together until there is some kind of ability to easily check for authenticity of the artist being the person submitting their art to this crytpo art/NFT system) I obviously don't know how this works and maybe they do have a system in place to deal with this, but right now seeing people on social media having their work 'tokenizied' using a bot is making me age rapidly.
@mazashayeri14113 жыл бұрын
I think this is a fad! right now it's over hyped and soon it will be saturated. Also I think it's different than buying a rare painting. Collectors buy a painting because they can feel the artwork and the work of the artist and hang on their walls ... or show off I don't know. But what's this all about. People buying some pixels that you can download from the Internet? I think this is mostly driven by greed. People usually buy these artworks not because of the artworks themselvs but to sell them at higher prices. That's just my opinion
@noodlepoodleoddle3 жыл бұрын
Correct me if I'm wrong, but if a crypto art was sold for $10, and someone makes a copy of that art, give it NFT and sells it to a predetermined buyer for $10, don't you effectively just copied the original? Because now you have two identical crypto art with NFT and are both verified on the blockchain with the same digital transaction footprint. At this point the NFT itself matters very little because who is to say one is the original and the other is not?
@Jaakeup3 жыл бұрын
Here's my biggest issue with all of this. This NFT stuff is cool and I think it's great that certain digital artists are benefitting from it. However, how does this affect me? How does this affect some artist with 50 followers on Instagram who's been posting a new work everyday for 2 years? How does this affect your average struggling artist without a huge following? If you ask me, this is a step in the pompous fine arts direction. 90% of people will look at a piece by Picasso and think "wtf is that? it's just scribbles" Then the pompous 10% will say "oh it's a Picasso, so now it's worth $10 mil" That annoying thought process of art professors, art collectors, etc. Where if 2 people make the exact same piece of work at the exact same time and are completely unrelated to each other, but if one of them is popular well then bam that work is worth 10,000 times more than the other guys work. Who drew that cat picture? Was it some random dude on the street? Or was it some guy with millions of followers who adore his every move? You said it yourself, you put up your work and received zero hits. It's because nobody knew who you were. The whole point of this is just to support those ever popular people. If you ask me, this isn't gonna do anything for the 95% of us with less than 300k subs or 800k followers. We're just gonna be the people that get scrolled past on those websites you mentioned.
@ninja_tony3 жыл бұрын
You're absolutely right. about 1% of the people at the top will likely make a killing from this, and the rest of us will not. And while that's happening, the same 99% that won't make any money will ALSO get sucked deeper into the scheme because they keep hearing about how it's the "next big thing". There will always be a "next big thing", and it will never make a genuine difference for the vast majority of people involved. And in this instance, there are so many negatives involved, I just don't see it ever being a good thing. It's a fad and the bubble will burst as soon as people realize that.
@glennhalila82792 жыл бұрын
Thanks for explaining this. I know someone who is trying to work in this field and I have 2 Friends that do Digital Artwork. One I know I have to inspire the other may already be doing this and getting paid!
@nickreeder29793 жыл бұрын
Sounds like an amazing way to waste money! 😅
@TakaMitsukai3 жыл бұрын
That’s a tiny bit unfair as artist have been traditionally ripped off of their artwork. And a lot of times they don’t get much of the value from all the work that they put in. I see what this does and I see the value in this. And I would hope that if there’s something that you enjoy you would also be able to enjoy the value whatever it is you do or make if you are creative.
@mamayareborn3 жыл бұрын
@@TakaMitsukai They will continue to not see value from the work they put in; the vast majority of the income from each consequent sale is still going to the current owner, never the creator -- nobody will buy a piece off of you if its resale % fee is high. And that's the people that DO sell. You never will make that type of money and neither will I. I feel as confident saying that as saying that you or me will never win the big lottery -- because the chances are more or less the same. It has nothing to do with creativity or work, but rather being found by a rich enough person, with a compatible enough taste, at an opportune enough time. The vast majority of people will be effectively paying for the privilege of uploading images onto a site where they will stay forever. At that point, just use Photobucket lol.
@astercast3 жыл бұрын
I’m glad u look kinda old because this is the future for the next 200 years so I’m glad you’ve had your time. Let the rest of us learn and adapt to this. Clown
@taniayager33613 жыл бұрын
@@mamayareborn I have to agree it is all a bit of a fools paradise! Very few artists make tons of money. Just like many indie book publishers make tiny royalties. It is always the owners of the schemes that win and crafty marketers who can see how to spin the wheel of fortune. If you look at many traditional artists they never made money from their art. A 100 years later you find that the sleezy marketers have seen an opportunity and sold the paintings at vast profit! Sadly the original artist never made a gain in any way. It reminds me of the stock market they are all greedy gambling pariahs! They'll step on anyone who gets in their way of profiteering. I worked alongside these sharks and hated their guts!
@jefferythompsonGRYTman3 жыл бұрын
@@taniayager3361 people like you most of the time regret making those comments...look down the road in just a few years and you may regret that you did not put anything on the platform...what is the risk? there is none..
@retro_manni3 жыл бұрын
The most useful video about crypto art i've seen. Thanks
@milkkkk25163 жыл бұрын
Omg this helped me and my dad so much, tysm brad!
@taimalachkar33732 жыл бұрын
i think this is the best NFT in 10 minutes video ever. i have one question though, when you said in the end of the video. The best thing now is to focus on your work, did you mean focus on the artistic side of creating a NFT?
@SupremeChief13 жыл бұрын
I have been doing digital art for years. And I have kept them in my USB drive thinking that nobody will buy it or see it valuable. Now I am grateful and opportunity like NFT came out to me today. So I’m learning and taking notes :)
@rolandmata63953 жыл бұрын
Where do you post your works?
@SupremeChief13 жыл бұрын
@@rolandmata6395 I have one ready in Rarible
@PatrickYucanvas2 жыл бұрын
I'm an illustrator myself, too. After knowing 'ethereum' is one of horrible pollution by crunching the numbers constantly when Earth is dying, I don't think it isn't the way, although as an artist, the NFT IS something very intriguing element. ... Earth is hurt, as an artist, we should really share the problem with our creativity, artists are the only ones that can do this, we appreciate the beings, existence of natures beauty.
@infernofox2943 жыл бұрын
Reminds me of those pieces of paper you can buy to clame ownership of a star in the sky
@crnkmnky3 жыл бұрын
not exactly ownership, just “everybody on this planet who recognizes the authority of this star registry, agrees that you have given that star a name.”
@GwarFluffyGoreGuts3 жыл бұрын
Bahaha i love that scam. I thought China owns the stars
@tttroyyy3 жыл бұрын
Except you'll be buying it from the person who made the stars
@rtan733 жыл бұрын
I was thinking the same.lol
@HalkerVeil3 жыл бұрын
Nah. Someone paid $19,000 to 'believe' they own that jpg. Which we can all still use freely as this video did.
@datvuong74203 жыл бұрын
I have the same thought, still don't understand NFT
@pabloescobar45553 жыл бұрын
Its like an identical reprint
@HalkerVeil3 жыл бұрын
@@pabloescobar4555 Honestly I think it's all about copyright law. IF someone owns an NFT they want to say, "I own this! You must take it down! You can't use this in your video!" If that happens, the NFT system is going down. And all of it will lose value.
@pabloescobar45553 жыл бұрын
@@HalkerVeil thank you for this explanation i personally dont know much about nfts
@HAL_NOVEMILA3 жыл бұрын
The carbon footprint of a crypto artist in SIX MONTHS can be as high as the CO2 emission for the electric consumption of an average EU citizen in 70 YEARS... Anyone who takes part in this market should really re-evaluate their priorities
@HAL_NOVEMILA3 жыл бұрын
I'm sure that a lot of artists are just ignorant of the issue but that doesn't make their actions moral... We only have one Earth, we shouldn't destroy it just to make a quick buck
@Capharas3 жыл бұрын
@@HAL_NOVEMILA They are working on it. Proof of work is really expensive and Etherium wants to switch to a method called Proof of stake. It would drastically cut down on energy costs and make the block chain a lot more environment friendly
@Schroefdoppie3 жыл бұрын
@UC89I_iaz8OrpvsE4omyS5bw Not an expert, but as far as I understand it Crypto currency is created by "Mining" it with a PC. Basically it needs to solve math and this creates bit coins. This gets increasingly harder as we get further along the "chain" and requires more and more computing effort and consumes more and more power. In most countries we already past the point where the cost of power required is higher than then the value of the bitcoins created.
@derpyliciousmiku3 жыл бұрын
Glad someone mentioned this
@HAL_NOVEMILA3 жыл бұрын
@@Capharas Yet until they do make the switch, artists should be aware that they're engaging in an incredibly destructive (and immoral) activity... People should just stop using any crypto that uses PoW
@Jakiyyyyy3 жыл бұрын
5:31 That's so smooth dude
@silvermushroom-gamifyevery64303 жыл бұрын
So Kim jung gi becomes a billionaire when?
@LLLLLLL1563 жыл бұрын
but why people doesnt make screnshot and take the image? why i will pay for it if i want to just to have it "download as
@likepixelsofficial2 жыл бұрын
Not about art at all, simply best money laundering process ever!
@smithyjake3 жыл бұрын
I think we should focus on becoming a "picasso" ourself. If you do not have following (branding) and your art is subpar. You won't be able to make it in NFTs. But I'm glad that NFTs is happening. Great time to be a digital artist!
@lauriereid65143 жыл бұрын
Investment is very good and necessary
@ednerklax44563 жыл бұрын
I trade my bitcoin and other crypto currencies with a broker and make lots of profit that's my investment
@houstonlamer17313 жыл бұрын
Because of the market fluctuating price, Investing in online trading now will be the wisest thing to do especially that it's very profitable
@houstonlamer17313 жыл бұрын
Online trading is really profitable as an investment
@luckiestjames72543 жыл бұрын
I know its wise to invest in bitcoin but as the price is rising its likely to fall, so I am afraid of investing
@queenjones56923 жыл бұрын
Trading experts are not easy to find
@kaafi_alsi3 жыл бұрын
Better than all the videos about NFTs.
@christopherwilliams93813 жыл бұрын
Thanks Brad, this was very insightful! I found that I was getting ahead of myself in hopes that I could easily make money off my art. I then reached the end of your video where you mentioned NFT would be more lucrative for people who already have a decent following... lol. I guess ill be playing the long game in growing my audience first but I'm glad I know where to start now.
@reginaschmidt49043 жыл бұрын
Still would not make sense with that boy that created those wale icons and become rich 💭
@theprocrastinator68132 жыл бұрын
Yea nfts mostly benefit the bigger artists more since theyre more recognizable. Meanwhile for small artists , theyll often experience the unfortunate case of someone claiming their art and using it as their own nft and somehow profiting off it .
@femo33362 жыл бұрын
nfts is bad for the envirohnement btw
@miimiiandco2 жыл бұрын
Maybe I haven't gone into the art world enough, but this seems to have impacted the meme scene far more.
@ArtwithFlo3 жыл бұрын
Such a nice and clear explanation, well done! I’ve been with Makersplace since 2018, selling NFTs. I’m happy it’s lifting off now 😊
@thebradcolbow3 жыл бұрын
Oh wow! that's great. you got in early then!
@divalea3 жыл бұрын
Which platform? They’re incredibly costly in energy consumption. I do t blame anyone who didn’t know how much energy it takes for NFTs. But once they do know? I question their ethics.
@ArtwithFlo3 жыл бұрын
@@divalea I sell my work at Makersplace, but yes, minting a piece is quite expensive. You need to keep an eye on the gas price.
@thebudgieartist33913 жыл бұрын
@@divalea says someone who eats animal products which is the number one climate killer.
@crazydragy42333 жыл бұрын
@@thebudgieartist3391 Not sayin that they don’t but how do you know?
@Geeklania3 жыл бұрын
I would say the friendliest option to start with is ghostmarket as it does not use ETH. And the top NFT's by highest number of daily transactions are: OpenSea, CryptoPunks, Rarible and SuperRare.
@JordanFayter3 жыл бұрын
Thank you for the education. I'm new to making digital art mainly because I'm making NFTs of my work and giving them away for free as well as listing some on the market.
@Vmvmvmvmvn3 жыл бұрын
One important aspect you didn't take in consideration is that the art bussiness functions primarily on prestige and not money laundering as many people think, most billionaires buy art to display it and crypto art, well, it is crypto, secret, as a bitcoin no one knows who owns it.
@lordlarac3 жыл бұрын
One nft can cause the amount of energy consumption of a person in the EU for 30 days
@johnygarcia42733 жыл бұрын
Thanks for clearing a lot of questions I had. Appreciate the time you took for the research.
@jebclang94033 жыл бұрын
NFT's were meant to be the digital/crypto version of art auctions. But instead it turned into fucking cancer. An empty image called "Invisible Rock" was sold for 30 Eth!! That's around $100.000 currently. Like WTF! People like i have been busting our asses off for 15-20 years, building up skill, and get no views even. This is messed up.
@patrickdrury14802 жыл бұрын
My wife is a talent. We want to sell her art on NFT. We don't have much time. 3 questions. Can you sell pictures of paintings/drawings? and, does it cost money to post/"mint" each individual piece of art. Thank you for your informative video. What is a good "channel"/ for her art?
@MilesLeslie3 жыл бұрын
It’s so true a lot of people are making it seem like NFT’s are so easy to get rich off of but now I know that’s not the case. You have to work hard and stay persistent!
@eliotbarnhart28103 жыл бұрын
I came in knowing less than nothing about crypto anything and you explained it in such a well-spoken and concise way. Thank you so much!
@LinkZeraus3 жыл бұрын
So the art with the NFT is not the original, but a copy of the original that is uploaded to any of those websites
@Toksyuryel3 жыл бұрын
The *original* is not even the original, it's a copy of the original that is copied to your hard drive from the one stored in RAM by your art program.
@julia-pw8fz3 жыл бұрын
@@Toksyuryel so basically its not an original, which is driving me insane!!! theres literally blatant art theft from twitter atm! small artist communities who are super alarmed... ajsdasdk like it's sounds interesting n all but this just doesn't feel right...
@Toksyuryel3 жыл бұрын
@@julia-pw8fz The concept of "the original" doesn't really exist digitally just as a consequence of how computers work. This novel approach to blockchain attempts to implement such a concept, though it sounds very flawed to me- what's to stop some rando from taking a piece of art that's not their's, attaching a token to it, and claiming to have the original to make bank off someone else's work? I too was directed to this video by an artist I follow who was worried about how this technology might negatively impact them, indicating they were going to start using far more aggressive watermarking going forward as a result.
@julia-pw8fz3 жыл бұрын
@@Toksyuryel LOLLLL YEAHH like there's an artist called cuqqid, apparently they started putting their watermark closer and closer to the face/eyes/hair because people tend to crop out corners and lower bodies XDDD
@Xgil2Play3 жыл бұрын
@@Toksyuryel The original would be the file itself (if you used Photoshop: .psd, if you used Blender: .blend so on).
@zackpapazahariou65573 жыл бұрын
This NFT market seems like the diamond engagement ring market. Its worth 5K, 10K, 15K when you buy it. The same dealers don't want to know you if you want to sell that same diamond back to them.
@applepye13533 жыл бұрын
You explained what it is and I still think it is stupid. I cannot get an exact, perfect copy of a painted work, but I can with a digital one. I see no value at all in doing this. Copyrights already exist and it does nothing to prevent pirating of digital art. Unless embedding a code in it prevents someone from simply right clicking and copying the art, it's pointless.
@missAnniething3 жыл бұрын
Best explanation on NFTs so far.....others were confusing me and he explained it so well in minimal and simpler words elaborately......
@DennisCNolasco3 жыл бұрын
I think atm it’s a bubble. A bunch of low quality stuff go for high prices simply because people trading in NFTs think it’s the best money making scheme right now. Sure lots of them will make money, but a lot more will lose a ton once the bubble bursts and people realize it’s not about art at all-at the moment. Given time, if it doesn’t tank, I think it’ll be viable for real artists, but we won’t be seeing the insane prices like right now.
@Rationalist1013 жыл бұрын
.
@ninja_tony3 жыл бұрын
This is the first truly sane and reasonable comment I've seen. It's got potential down the road, but right now, it's quite literally just a big scheme.
@Hollyhock72 жыл бұрын
Data junkies just getting high..... that's what I see
@stevieg30783 жыл бұрын
Thanks for an excellent explanation. It appears that whoever collects the gas is the moneymaker. Can you tell us more about who the gas companies are?
@flower40003 жыл бұрын
isnt it rad that ppl are using this to steal art online and sell it for more than the artist who worked on it made. /s
@ximirux24083 жыл бұрын
It's lit🔥🔥🔥
@criticalhitodyssey3 жыл бұрын
Right i don't think that's fair
@pxpq3 жыл бұрын
how
@eieiross2 жыл бұрын
thank you for explaining this, I was really into NFT right now but dont have much popularity on my work so ig I should focus more on that before jumping into other stuff.
@tr3xgaming8073 жыл бұрын
You’re literally the only video on NFTs that I was able to understand, thanks man
@dhdhsdf99683 жыл бұрын
thanks for explaining! always nice when someone jumps into the video instead of using some boring intro
@WhiskeredNightfall3 жыл бұрын
Thank you for also listing the negatives of cryptoart! I’ve only been seeing the whole 'get rich quick' mindset when I was doing my research so it’s good to see someone who actually talks about both sides.
@eyeamthequan77213 жыл бұрын
Look here Brotha, you have been very clear and simple, I appreciate your honesty and being realistic. Extending Love, Light & Inner~G to you and your family!
@Lygon_3 жыл бұрын
Great video. But what’s stopping random people stealing other’s art and slapping a token on them?
@annababe033 жыл бұрын
true point, huh,
@faryedeltayesh33523 жыл бұрын
The 1st thing I would think of is that people who have are should associate it with an nft token before uploading it anywhere.
@AT-ws9lx3 жыл бұрын
nothing, actually. so if youre dead and you posted art even once before, any rando can slap a token on it and profit from your work
@oriricha2 жыл бұрын
Thanks for this. You answered so many questions
@avinashbowers86183 жыл бұрын
The world is changing! I'm glad to be part of that. I've made so much financial progress indulging in investing. Crypto currency is the evolution of money
@jeremybull37353 жыл бұрын
I agree:) the world is going digital Same as money!
@avinashbowers86183 жыл бұрын
@@jeremybull3735 yeah I make extra income over $2k weekly, investing, earning and holding cryptos. NFTs is the newest add 😊
@daviluis57133 жыл бұрын
@@avinashbowers8618 that's cool. A solid means of extra income you've got there! Keep it going
@avinashbowers86183 жыл бұрын
@@daviluis5713 Yeah! I'm 42 and that's my major plan to retirement. Hoping to get $5 million in 2 years then I Can get a full retirement
@daviluis57133 жыл бұрын
@@avinashbowers8618 👍👍
@dangitnicky3 жыл бұрын
"Settle in and play the long game." You said it really well here. Crypto art's intended demographic is high profile digital artists/photographers whose work racks up millions of Twitter interactions. So it does have a place in the industry, but not how it's being used right now (a quick cash grab by random cryptoheads and aspiring artists). Great video, probably one of the better explanations out there!
@soubhikmukherjee68713 жыл бұрын
Thanks for keeping us updated.
@soorajsaikumar3 жыл бұрын
Your explanation was much better than other videos 👍🏽
@mareikefranke7033 жыл бұрын
Thank you sooo much! I always had the feeling I NEED to do this now and felt a lot of pressure - so thank you for giving me some more arguments to wait! :)
@nouraabdi43942 жыл бұрын
I don't get , is it a specific formula which is solved by the computers and provided graphically or is it just an art that is made by photoshop?
@rodylermglez3 жыл бұрын
"Art" that derives its value from a limiting of its supply is not art, it's just merchandised stuff. This late-capitalist idea is laughable at best, abominable to Aesthetics at worst.
@fern-v9s3 жыл бұрын
Thank you. I hate how art is used as stocks and then has increase in value out of pure speculation. That doesn't happen to music, books and other forms of art.
@paleixs963 жыл бұрын
Ok comunist
@Shinigami9063 жыл бұрын
literally read my mind on this topic
@TakaMitsukai3 жыл бұрын
Initially I felt the same way, but I think that artists and other creators have a tendency to be slow to move with the times and that’s why we tend to get ripped off of some of our value. I think this is an evolution of what it is to sell art. Also, it’s a good way to ensure you get credit for your work. How many other people will copy and paste your work from your site and then paste it elsewhere and get a vote or even flat out called theirs? Now we can hold more people accountable. Also. Also, What is wrong with merchandising things? What’s wrong with being able to make money from your craft? The whole starving artist Notion didn’t do anything for anybody back in the day and still isn’t effective for anybody today.
@rodylermglez3 жыл бұрын
@@TakaMitsukai Ok. Have fun getting your art stolen by tokenizedtweets and the countless of thieves that will copy them. The Pandora's Box is open and I cannot wait until someone with quantum computers defeats this NFT encryption bullshit for good. Shame for all the good trees we will burn while we fight off this thing...
@asninorrizwanabdulrani83952 жыл бұрын
very clearly explained and nice voice. thank you now i can explain it to my students
@ashkanaref40563 жыл бұрын
Thank your for explaining, World would really be a huge cyberpunk sh*tshow in near future
@igorabdoaguilar93313 жыл бұрын
question : can you sell to a private client? Let's I want to sell My music to a specific person or company, Is there a inclosed way to sell my work so that only who comissioned gets the product?
@melannie08193 жыл бұрын
Wow! I saw also someone sold pepe Nft for 20 Eth in Opensea. This really makes me eager to create my own NFT! I want to turn my art pieces into Digital Art NFT. And my friend told me theres this NFT Tech soon coming out where I can do that 🤩 Can't wait to sell my collections for 20,30 or even 40 ETH on their marketplace. 😍
@Клоунеско3 жыл бұрын
Where to roll this world...
@theflame47223 жыл бұрын
Wow this is the best explanation I’ve seen thank you