NFTS EXPLAINED FOR DUMMIES

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  • เผยแพร่เมื่อ 5 ต.ค. 2024
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    Always do your own research and advise with a professional before making your own investments. Hector takes no responsibility for the viewer’s actions. Explained NFTS in the easiest way I could #youtubeshorts #shorts

ความคิดเห็น • 152

  • @yeeleng1000
    @yeeleng1000 2 ปีที่แล้ว +214

    NFTs are only worth money if everyone else believes they do. No wonder these people are pushing it so hard.

    • @mrpineapplez
      @mrpineapplez 2 ปีที่แล้ว +17

      Exactly it’s pretty much useless

    • @TheDonMethod
      @TheDonMethod 2 ปีที่แล้ว +9

      That goes for pretty much anything else.

    • @N1_4Z
      @N1_4Z 2 ปีที่แล้ว +4

      Exactly it’s all based on speculation

    • @mrpineapplez
      @mrpineapplez 2 ปีที่แล้ว +17

      @@ydchaser nah bruh why would I want to pay my whole bank account for pixels on a screen 💀

    • @dylanruch6227
      @dylanruch6227 2 ปีที่แล้ว +5

      Remember before NFTs blew up people actually cared about Pokémon cards again lol
      It's a trend and all trends die and come back. Get in on it early and make some money sure but people that say NFTs are gonna somehow "change the world" are either scammers or being scammed.

  • @artexloop8692
    @artexloop8692 2 ปีที่แล้ว +91

    People want to own the mona lisa because it was made by an incredible artist and took incredible skill. But these NFTs are literally the same ape pictures with different backgrounds made by a 15 year old nobody using paint.
    That's what i don't understand. Why the hell would anybody buy that.

    • @cryptocomix
      @cryptocomix  2 ปีที่แล้ว +6

      its an example lol

    • @artexloop8692
      @artexloop8692 2 ปีที่แล้ว +11

      @@cryptocomix i know and still. These stupid pics go for thousands of dollars. For what? Being part of a discord? In the future NFTs can be put to good use but what are you going to do with a monkey picture in 10 years time. LOL

    • @jmc41187
      @jmc41187 2 ปีที่แล้ว +1

      Right! That’s the part I don’t get

    • @dorlataa3839
      @dorlataa3839 2 ปีที่แล้ว +6

      because people can resell them for more and earn money. either that or the fact that they have become symbol of value, and you can be invited to events and clubs just for having one, as people give them value.

    • @tankmangaming1042
      @tankmangaming1042 2 ปีที่แล้ว +1

      @@artexloop8692 watch a video on it there are reasons why they are worth so much

  • @robmataiti3480
    @robmataiti3480 2 ปีที่แล้ว +64

    Ok so you purchase an NFT. Now what? What do you do with it?

    • @alanredversangel
      @alanredversangel 2 ปีที่แล้ว +56

      You sit there wondering why you spent all your money on an Ape jpg instead of buying a few hundred acres of land.

    • @ouruaOG
      @ouruaOG 2 ปีที่แล้ว +8

      Fr it's just a PICTURE

    • @Scuffyy
      @Scuffyy ปีที่แล้ว

      You own a art dummy

    • @Imjustahuman78
      @Imjustahuman78 ปีที่แล้ว +5

      Resell maybe idk

    • @baz3184
      @baz3184 10 หลายเดือนก่อน +4

      Sell it to buy more

  • @mm_me
    @mm_me 2 ปีที่แล้ว +23

    The art tho … it’s done by a computer …miss the days when art on a canvas with actual paint was worth what these virtual monkeys are

    • @Doggieguts
      @Doggieguts 2 ปีที่แล้ว +8

      Ok hold up. Digital art is just as good as physical. Most nfts are randomized combinations of drawn items. The whole difference is digital artist are making art and each drawng is its own and the stupid monkeys all look the same. It has no soul.

    • @ouruaOG
      @ouruaOG 2 ปีที่แล้ว +1

      @@Doggieguts right

    • @scrappinarizona6607
      @scrappinarizona6607 8 หลายเดือนก่อน +1

      I use this argument when 'digital artists' are crying about AI-generated art not being real art. I draw and paint with physical substance. Anything digital is an algorithm. Whether you did it 'pixel-by-pixel, brushstroke-to-brushstroke, or prompt-to-image. It is all the same. Algorithms placing pixels based on what the artist has envisioned. Granted, digital artists still have more initial control over what the computer does than 'prompters' do, but control net, open poses, etc have come a long way in a short time.

    • @datboi6141
      @datboi6141 5 หลายเดือนก่อน

      @@Doggiegutsdigital art ain’t better

  • @whateverdot
    @whateverdot 2 ปีที่แล้ว +31

    Lol idea of nfts make me laugh

  • @renoliguitarsnfts3144
    @renoliguitarsnfts3144 2 ปีที่แล้ว +17

    I'm a 15 year old kid and I started a business and it failed now I'm starting a nft collection I'll never stop grinding I'll do my best to grow this channel and build my community!!

  • @1800mexicano
    @1800mexicano 2 หลายเดือนก่อน

    The best part of people who own the receipt, not the image itself, is that screenshots of the image really pis them off lol
    And THATS free

  • @viralium104
    @viralium104 2 ปีที่แล้ว +7

    Man. The phrases "simplest terms possible" and "for dummies" have really lost all meaning, huh?

  • @moonman8684
    @moonman8684 2 ปีที่แล้ว +36

    It's a scam

    • @cryptocomix
      @cryptocomix  2 ปีที่แล้ว +2

      It's changing people's lives

    • @catman6089
      @catman6089 2 ปีที่แล้ว +19

      @@cryptocomix yeah its changing digital artists lives by giving people a way to steal their hard work and make insane amount of money off of it via money laundering

    • @420thebestdayever
      @420thebestdayever 2 ปีที่แล้ว

      @@catman6089 what the fuck are you talking about stolen work you muppet? The artists who create the art make money off each transaction you absolute clown. Secondly, does money laundering exist? Do children get bullied in school? Do you see where im going? Just because something BAD happens in an environment doesnt make the environment BAD. You should really do you own research instead of listening to what boomers tell you.

    • @catman6089
      @catman6089 2 ปีที่แล้ว +16

      @@420thebestdayever i have done my research. im friends with a dozen artists. i follow dozens more on social media. the amount of artists i see posting evidence of their art being stolen to be sold as NFTs is more than enough to put me off of the idea, let alone money laundering and the environmental impact. Maybe YOU need to do your own research, because it sounds to me like you're in your own self affirming little bubble of an echo chamber. The overwhelming majority of people are strongly against NFTs, and for good reason.

    • @420thebestdayever
      @420thebestdayever 2 ปีที่แล้ว +1

      @@catman6089 you clown, as I said, do bad things happen in an environment? Yes, does it make the environment bad? No, also only SOME NFTs are bad for the environment, if you knew anything you would know that many NFTs are carbon neutral dumb ass. Are you aware that MOST people were against the internet? Look where we are now, having this conversation. It doesnt matter what people want, NFTs and crypto are here to say and we’re making serious profits. Have fun holding 0 NFTs and crypto bags sad muppet.

  • @nubiangoddess2323
    @nubiangoddess2323 2 ปีที่แล้ว +4

    Explain how to buy NFT’s

  • @arirought531
    @arirought531 2 ปีที่แล้ว +20

    It's all proven on the Blockchain for anyone to see, until the site it's hosted on goes down, or it's literally just deleted

    • @oventree
      @oventree 2 ปีที่แล้ว +1

      that's not how a blockchain works haha, you're able to explore it and verify things regardless of if any website goes down. that's kind of the entire point of having a constantly updating copy of the blockchain on millions of computers worldwide. i'm not gonna try and argue about the morals, ethics, or even usefulness of it all because that starts like 30 different arguments and gets no where. just know that the blockchain and NFTs can't really vanish if a website goes down, especially now that the images or content are now being commonly stored on IPFS, which is kinda like bittorrent but for web content (pictures, text, audio, whatever) that works natively in your browser with no extra work

  • @jimathybindlenim6359
    @jimathybindlenim6359 9 หลายเดือนก่อน

    Why should I care about the block chain?
    It's like owning the Mona Lisa but not having a receipt. Is there even a receipt fir the Mona Lisa?

  • @speedmangatv6423
    @speedmangatv6423 2 ปีที่แล้ว +2

    Nft are overrhyped, just Jpegs attached to blockchain to prove originality, more sort of action-figure collection with a receipt. People must really like the art and have money to buy, if not its worthless.

  • @刘悦-s7y
    @刘悦-s7y 9 หลายเดือนก่อน

    Vcity enters a new chapter in digital finance, participating in the casting of digital assets (Voice NFT) and owning your exclusive digital collection.

  • @beastwarsFTW
    @beastwarsFTW ปีที่แล้ว

    NFTs are basically easy to pirate tokens where the only thing pirating does is devalue the original's worth.

  • @Arizona_lilly
    @Arizona_lilly 2 ปีที่แล้ว +1

    I guess if ppl buy digital coins on fish world then we knew this was coming

  • @ArnezDavid
    @ArnezDavid 9 หลายเดือนก่อน

    Imagine paying that much for a dang monke

    • @penginator89
      @penginator89 8 หลายเดือนก่อน

      People in 1800s be like:

  • @whyumad8947
    @whyumad8947 2 ปีที่แล้ว +3

    Dudes in nft gives me culty vibes ngl

    • @Ahmed-eg7kd
      @Ahmed-eg7kd 2 ปีที่แล้ว

      Underrated comment

    • @whyumad8947
      @whyumad8947 2 ปีที่แล้ว +1

      @@Ahmed-eg7kd it’s all I see on social media nowadays. Nft this and nft that for a piece of digital art

    • @Ahmed-eg7kd
      @Ahmed-eg7kd 2 ปีที่แล้ว

      @@whyumad8947 facts, it’s ridiculous and absurd

  • @jpmia2510
    @jpmia2510 8 หลายเดือนก่อน

    that info and $5 gets me what exactly?

  • @xyere4984
    @xyere4984 2 ปีที่แล้ว

    Okay I get it because I was born in 1964 and the idea of smart phones,internet,and microchips were to hard to imagine investing in.

  • @CrazyFatMan50000
    @CrazyFatMan50000 2 ปีที่แล้ว

    But can’t it just appear as if the person (the one who screen shorted it) “created” that NFT as an original? Cause if they steal it and change a small detail isn’t it an original??

  • @AutisticNerdBoy
    @AutisticNerdBoy ปีที่แล้ว

    Fun fact: if you screenshot a nft then and change a single pixel then you cant get sued

  • @catman6089
    @catman6089 2 ปีที่แล้ว +13

    money laundering

  • @Kisini03
    @Kisini03 7 หลายเดือนก่อน

    By that logic, we are ALL NFTs...

  • @Cryptopitbull
    @Cryptopitbull 2 ปีที่แล้ว +1

    Ok but explain WHY it being proven on the blockchain is the actual insane value??? Bet you can’t.

  • @beanerama9
    @beanerama9 2 ปีที่แล้ว

    ok, but WHAT DO I DO WITH NFTS like, what's the value of having them If I cant sell them back to anyone

    • @Richtshn06
      @Richtshn06 8 หลายเดือนก่อน

      You can sell them. That's the whole point.

  • @Stark21293
    @Stark21293 9 หลายเดือนก่อน

    Should have just called the video “NFTs ARE For Dummies” 😂🤣

  • @kailebcooke5095
    @kailebcooke5095 2 ปีที่แล้ว

    It’s worth money cause it’s the “only one” when in reality it’s the Internet so there infinite amounts of it no matter what. ;)

  • @c1rcawskater
    @c1rcawskater 4 หลายเดือนก่อน

    Must feel nice spending 2 million for a jpeg that everyone see it for free. 😂
    Ohhh when they realize they own nothing 😂

  • @baz3184
    @baz3184 10 หลายเดือนก่อน

    I have a peice of paper that says I own all the nft.

    • @cryptocomix
      @cryptocomix  10 หลายเดือนก่อน

      and you sell it for higher. Yes, thats all it is.

    • @baz3184
      @baz3184 10 หลายเดือนก่อน

      @cryptocomix it's the future of the internet 🤣

  • @myob3074
    @myob3074 ปีที่แล้ว

    Can I sell my non fictional short stories?

  • @superandybrosgaming5850
    @superandybrosgaming5850 ปีที่แล้ว

    Ok now I understand

  • @paulbarker6096
    @paulbarker6096 2 ปีที่แล้ว +1

    Most NFTs are not stored on the blockchain.

    • @cryptocomix
      @cryptocomix  2 ปีที่แล้ว

      Right, mostly on IFPS

  • @LINKnator21
    @LINKnator21 ปีที่แล้ว

    What does it do?

  • @bishopscore
    @bishopscore 7 หลายเดือนก่อน

    Where are these fools now? 😂😂😂😂

    • @dabadoo7631
      @dabadoo7631 3 หลายเดือนก่อน

      some made money , most did not

  • @argentcochon
    @argentcochon 2 ปีที่แล้ว

    NFTs will just end up being a bubble, and so will crypto. Only if you can trade it in for money, they are useless. Hypothetically, once the metaverse is accessible, crypto can be useful, but the metaverse is literally one of the most overused dystopian tropes for a reason

    • @cryptocomix
      @cryptocomix  2 ปีที่แล้ว +1

      I agree metaverse probably will end up kinda dystopian lol - NFT's are the only way to have provable scarcity of a digital item though if you think about it, a visual static jpeg is scratching the surface. It's like owning I.P. rights but its an image.

  • @Gus.JSegovia
    @Gus.JSegovia 2 ปีที่แล้ว

    Well, that explains how value is subjective

  • @IvanPlayStation4LiFe
    @IvanPlayStation4LiFe ปีที่แล้ว +1

    A massive SCAM

  • @hellorhighwater5342
    @hellorhighwater5342 ปีที่แล้ว

    but what is the point in spending thousands on something that isn't even real

  • @josed1sports
    @josed1sports 2 ปีที่แล้ว +9

    Lol ok you own a image

    • @cryptocomix
      @cryptocomix  2 ปีที่แล้ว +1

      more than that but ok

    • @josed1sports
      @josed1sports 2 ปีที่แล้ว +1

      @@cryptocomix that’s great it’s just not for me👍🏼

    • @BurntPotato
      @BurntPotato 2 ปีที่แล้ว +1

      I saw a nft on tiktok, saved it. Now I own it

    • @josed1sports
      @josed1sports 2 ปีที่แล้ว

      @@BurntPotato did the same I own 10 of them

  • @PhantomXKR._.
    @PhantomXKR._. 2 ปีที่แล้ว +3

    Here’s an even more simple explanation: shit

  • @nerd424
    @nerd424 ปีที่แล้ว +1

    ultimately they are scams

  • @dylanruch6227
    @dylanruch6227 2 ปีที่แล้ว +1

    Yea but who cares if you own it?

    • @toma58uenaventur
      @toma58uenaventur 2 ปีที่แล้ว

      Really want to find this out

    • @cryptocomix
      @cryptocomix  2 ปีที่แล้ว

      You'll care when Adidas owns the same one you hold. You'll care when Sony starts putting them into their video games. You'll care when you see NFT's eating traditional brands

    • @dylanruch6227
      @dylanruch6227 2 ปีที่แล้ว +1

      @@cryptocomix When they own the same one of what? I'm not spending any amount of money on a Pixelated GIF. I get that it's like art in that the Mona Lisa is only worth anything because we give it value and there is only one original but it takes no effort to randomiz a shitty digital cartoon of a monkey with a hat. It's a scam and the bubble will pop.

  • @MonsterPliosaur
    @MonsterPliosaur 2 ปีที่แล้ว

    I still don't get it tho....

  • @toma58uenaventur
    @toma58uenaventur 2 ปีที่แล้ว +1

    Yeah that didn't explain why it's not bs

  • @locdkvz37
    @locdkvz37 2 ปีที่แล้ว +1

    video for novices

  • @Lionking-office
    @Lionking-office 10 หลายเดือนก่อน

    good❤

  • @LuxuriousLenay
    @LuxuriousLenay 7 หลายเดือนก่อน

    This whole NFT thing is so stupid!

  • @hellorhighwater5342
    @hellorhighwater5342 ปีที่แล้ว

    I can't wait for the power to fail and there is no longer computers. Maybe y'all would come back to reality and build the world and get your asses up off something that doesn't even matter.

  • @SoloTheStaticHater2810
    @SoloTheStaticHater2810 ปีที่แล้ว

    So everyone is jist buying receipts?😂

    • @cryptocomix
      @cryptocomix  ปีที่แล้ว

      yup

    • @SoloTheStaticHater2810
      @SoloTheStaticHater2810 ปีที่แล้ว +2

      @@cryptocomix well idk bout u, but i get my receipts for free everytime i buy something 😂

  • @delerobin-dd2hh
    @delerobin-dd2hh 6 หลายเดือนก่อน

    Money laundering

  • @neolithic3
    @neolithic3 2 ปีที่แล้ว

    So young people have massive student loan debt, no retirement savings, and are spending their money on this shit.....lmao.

  • @bgarcia1406
    @bgarcia1406 ปีที่แล้ว

    😂😂

  • @anawesomepet
    @anawesomepet 2 ปีที่แล้ว

    screenrecorded

  • @jazminflores3107
    @jazminflores3107 2 ปีที่แล้ว

    This is fkn ridiculous 🙄

  • @ringrustwithreyno9545
    @ringrustwithreyno9545 2 ปีที่แล้ว

    So they are trash. Got it.

  • @ouruaOG
    @ouruaOG 2 ปีที่แล้ว

    Wtf...

  • @darknessjerry7862
    @darknessjerry7862 2 ปีที่แล้ว

    So why would u buy or sell an NFT..what would you gain if u own an ugly ass image

  • @deceptthecon
    @deceptthecon ปีที่แล้ว

    But still…. Who cares..

  • @NCRveteran352
    @NCRveteran352 2 ปีที่แล้ว

    In 1 word: bullshit

  • @endriasthomas7418
    @endriasthomas7418 ปีที่แล้ว

    071018