As someone who screenshots NFTs, I have never felt so optimistic of this happening. Whenever I would feel down, at least I can recall that I never purchased an NFT.
@@forgivezharion1261 damn dude he’s smoking you I would retract that ratio rn cuz it’s boutta be murder Edit: OH MY GOD IT IS A MURDER GET OUT WHILE YOU CAN SAVE YOURSELF THE EMBARRASSMENT
the weirdest thing about NFTs is that if someone "steals" them through a scam... it's THEIRS. the whole crypto side of internet has collectively agreed that if someone steals an NFT it's now legally their property despite who actually spent money on it. whereas if you steal something in real life you will go to prison because that's how property actually works
If someone gets scammed by a nigerian prince that money is lost and good luck tracing down Mr Okoye Abubakar in Nigeria to prosecute him. This is the same situation. If you get scammed out of an NFT 99% of the time you just being extremely gullible. New technology brings new types of scams and people have to learn how to navigate the space.
My college tried to make NFTs of our mascot. Just like a Marvel movie, all majors assembled in the comments section like the fucking Avengers. The shitstorm that ensued in the comment section just seconds after it was posted is something that cannot be described with words. At no other moment in history was my college more united, as dozens of students tore into the poster, calling out the absolute stupidity of this idea and all its consequences. Student Relations had to step in and ask whoever ran the Instagram account to take the post down. Within the first half hour, an apology was posted on my college Instagram’s story and every trace of it was erased from existence. Thank god.
@@Duckbusinessman who cares, people today are drama queens. The college was probobly trying to be "trendy" for the students and they got shit on for it. At least they tried...
Nfts really showed a lot of artists’ true colors, cause so many of the ones who adamantly defended them acted like jerks to their mutuals and fans who were against it. So many reputations and bridges burned over what was centered around ugly monkey drawings
NFTs basically just proved how genuinely stupid people are. "Here's some objectively bad art. Because we say it should be worth something because we called it an NFT, pay us thousands for it." And people were complete idiots and decided to buy the amateur, trash art for thousands. At least with actual scams, they prey upon insecurities, fear, ignorance. But when it comes to NFTs.... you really don't have an excuse to fall for them. They're like fake trading cards. But you don't actually get anything physical. And the most popular ones being these really ugly badly drawn "apes" just puts the icing on the cake. I mean, come on people, couldn't you at least be trading cute cat pictures or something instead?
I agree, look I love some ig modern art pages, I saw potencial on them. Fuck i would even buy one of them. But fucking apes... With an slightly change, and these crypto punks... Wtf????? I had never seen something so stupid in my entire life
Can’t believe Seth Green has paid almost half a million in total for that one stupid NFT. Imagine going to court over something like this, waving your fist in the air screaming “somebody stole my apes!”
He threatened to go after the guy with his "18 years of studying law" then paid $300k instead. Imagine how well it went for him when everyone in his production crew laughed at him because he didn't know there's no laws for these things lmao.
@@lw8882 I can fully believe he spent 18 years in law school. I also know that it takes far fewer than 18 years to get a law degree. Must've had to repeat a lot of courses.
I remember a story being shared around about a guy that invested $300,000 in crypto/NFTs and got wiped out. Had to explain to his wife that he lost his savings due to investing nearly half a million dollars in Microsoft-Paint-quality JPEGs.
Correction, they existed so that people who bought digital art could profit off a digital artist's work and popularity somewhere down the line. Commissioning an artist to make you artwork already existed, it wasn't a problem that needed solved. NFTs never did anything for artists themselves, they only really mattered for people who bought art. And all NFTs really did was exist to try and further legitimatize cryptocurrency by giving you something to buy that wasn't illegal because surprise, nowhere legitimate wants to deal with a poorly functioning payment system with incredibly variable currency value.
It's not over, it's just starting. Artists should be embracing this. Imagine, in the past people would sell their art and get a one time payment, and usually have someone else taking a cut of the profits. If you're good at creating art then you should create some NFTs, you could even set it up so that every time the NFT is sold on the marketplace you recieve a cut of the resale, or give that money straight to charity, or to your family after you're gone. Also NFTs are more than art, we can use that technology to replace many current ways of doing things, land/vehicle deeds would be a good example, so we don't have this issue where people lose their home because someone messed up an excel spreadsheet.
It's not actually over. It's just a clickbait video title. NFTs are far from dead. Only the hype around it is somewhat dead or maybe not if people keep posting videos like this. Negative publicity is still publicity. People oblivious to this NFT stuff will keep getting scammed which is funny AF. I don't really see the problem of people getting paid loads of money for bad art. I mean a banana taped to a wall is just as bad. Artists have it bad in this world anyway. We get shit for payment so I don't mind scamming some wealthy-ass scum for their money. Even the UFC is promoting its own NFTs now.
As a digital artist myself I hate NFTs, because most artists even if they did try to make NFTs, got scammed themselves, or heavily under paid, and the NFTs that ahd actual good art never got anywhere, it was all about the rich getting richer, the artists never really made money. Just look at Garry Vee V friends, absoloutely shite art, stuff that could literally be drawn by 2 year olds and they sold for loads, it was never about the art and good art never got anywhere in the NFT space.
that's because you're not buying an image when you buy an NFT... it's literally just a certificate/receipt of a stock representational of nothing, of course no one is getting support lol. it's just a reverse robinhood scheme. It's like complaining that your As Seen on TV crap is just that, crap..
I know some really talented artists who dabbled in making their pieces NFTs, and I'm guessing it didn't go well because it wasn't long before they stopped lol
well the whole nfts are digital art narrative didn't last long, they quickly pivoted to them being access passes to communities. That really didn't work either as people quickly gathered they'd pay tens of thousands to join communities of KHVs
@@Potateornottotate No I'm not describing art lol. The "art" market is a scam yes. But when you buy it, you actually own the art. An NFT doesn't provide you with intellectual property ownership, neither does it protect from copyright, because you're not buying the art, you're buying a raffle ticket for a data-chain that is only worth whatever people or its owners say its worth. People can change the nft to whatever image or sound they like lol, the so-called "art" is a placeholder for a stupid invoice. People were buying invoices, hoping to sell them off to other more stupid people.
Another version of this is insinuating the “”opponent”” is being disingenuine. “You just are doing this so people like you! You’re just white knighting to get women! You’re just wearing this product to look rich! You just decorate your clothes or car to get attention!””
@@melody3741 Indeed. Toxic creators think they're Shakespeare and lack humility. Any successful creator will say to listen to constructive criticism. But I don't think they've ever been told no.
Whenever I hear words like "troll" or "no life" or "mom's basement", that's how I automatically know whoever is saying them has absolutely ZERO actual arguments or comebacks.
As an artist, it also really sucked that people would just steal art from artists to sell as NFTs. Like someone actually stole art from a artist that died from an illness, with not care in the world. Truly vile behavior. Also since most of this are randomly generated, there’s no care or thought put into most of these.
fellow artist here, it doesn't just suck, it downright makes my blood boil. It's literal theft I can't wrap my head how anyone would think nfts in its current state is beneficial to artists in any fucking way.
I had a dream a while back that there was an NFT show, and it was genuinely well written and made. Like it was actually funny and every TH-camr gave it credit. Needless to say I woke up in cold sweats.
I was thinking of painted nfts, where you get an nft on a canvas and it's hand painted and only one exists. but then I remembered that those already exist and they're called paintings.
I avoided even learning about what NFTs are. I assumed it was just another way for rich people to hide wealth to avoid taxes, just like physical art is. I have grown up living by the rule "the internet is the worst place on earth, populated by the worst people on earth." Hasn't failed me yet.
Honestly with how most nfts are automatically generated, I’m amazed anyone considered it art. Most nfts pieces are not even looked at by the creators you cannot call that art. If anything an argument can be made to call the program that generates them art maybe. But still the fact that so many people are willing to call auto-generated soulless drawings art is kinda sad
It's like taking a picture of one of those toys for kids where you can rotate the head, body and legs, then taking a picture of it, uploading it opensea and asking 5 eth for it.
The best part of the crypto crash for me at least is I can finally afford to build a computer again. and watching the miners crying their eyes out trying to recoup part of the money they dumped into overinflated video card prices is the sweetest cup of tears i've ever tasted.
@@0v_x0 any card owned by a miner is gonna be overpriced (like everything else in the crypto-sphere) and so used that they should have to pay you to get rid of it. those cards run 24 hours a day, every day, at full capacity. that's the GPU equivalent of driving a car up a steep, never ending slope without ever letting up on the accelerator. it won't last long, if you're able to even turn it on at all lol
Scalpers and legit businesses in my country are starting to get bankrupt as well. They deserve it for selling mid range gpu for $600 and $350 for the lower end.
@@cadester123 Actually you can buy gpus used for mining with no problem most of the time, real miners usually underclock their GPUs and keep them at low temperatures (60-70c in a 90c capable GPU for example) since having them working at max or near max capacity is counterproductive and overly consuming, if you buy a gpu that was used optimally while mining 24/7 during 6-12 months you'll probably experience a performance drop from just around 0.5-2% at most in comparison to a brand new one, this of course after adding new pads, new paste and checking everything is nice and clean. Despite this: You should always ask the vendor questions regarding the conditions it was used in such as the space, the temperature it was used at and during what periods of time. If it's possible, run a screen test and a benchmark yourself before buying it, if the GPU convinces you, go ahead and buy it, there's not much to fear about most of the time!
Does anyone remember reading about the Tulip bubble in the middle ages? At least with tulips you could smell them, you could eat them(not very tasty though) and you could burn them for fuel. As stupid as the tulip craze was, it was still less stupid than the NFT craze.
Bro I bring up the tulip bubble pretty often but not many people I know payed attention in sophomore history class I guess. Glad to know someone gets the reference tho thank you
The Dutch Tulip Crash has been pretty thoroughly debunked as far as a "widespread thing that people lost a ton of money on and had massive economic repercussions." One of the most prominent researchers into tulip mania found fewer than half a dozen tulip buyers who ended up in financial hardship, and some of those cases didn't even appear to be tulip-related.
Personally, I find NFTs stupid. It is not a commission from an artist, or even the rights to a piece of work. You might have the rights to a specific line of code that corresponds with your image, but it still isn't your own. If you wanted actual tangible art, you would buy from a museum or create your own. But what happens to those who cannot afford a tour of an art museum. Should the people who wanted to look at the smithosian be turned away because they didn't buy an NFT of their fossilized personality? Art is as intriscially human as cooking for those we love, to see art used as only a method of currency is saddening.
i think its just the hope, that they will increase in price. There is no use, or anything... there are some with extra use, where you get acces to certain events or so, but most of them are just links ti jpg's.
some artists were even "selling" physical pieces as NFTs and not sending out the physical piece, the purchaser gets an image of a physical art piece and owns a line of code but never gets to actually own the art work they paid 20k for
@@WGasmss i partially agree but don't forget that some artists from the past were in fact making art in order to sell it, so the idea of making to sell isn't new, there's just good and bad ways to go about it. for example there's a community of artists that love animals, so they sell pet portraits, i don't think its bad that they put a price on that art but at least most of the time they care about what they are making. There's still an essence of passion that goes into it. I wouldn't say money adds or subtracts passionate value it just kind of depends how they go about it. nft's are a good example of profit with low passion while i'd say a museum selling art holds some importance since they house old and new art. And most artists can't do what they do without money. TLDR there are hundreds of passionate artists you just have to look in the right places
Yeah. I'm not the leading authority on writing, but as an artist I can proudly say that that is some of the worst animation I've ever seen in my entire life
I think it was used mostly for money laundering among rich people but yes people with no aspect of reality buying this stupid shit are a problem as well.
@@F1lthymf They really thought buying jpegs was gonna financially secure them. Plus have you seen how defensive they get when you try tell ´em they're wrong? They know they are and telling ´em makes them even more insecure
I feel a little bad that I am experiencing schadenfreude from people that fell for NFT's and crypto currency. The writing was on the wall from he beginning. The smartest ones (or people with epic timing) are the ones that got out of it at it's height
With NFTs I would agree as they don't serve any purpose but I doubt crypto is dead now. 2018-2020 everyone also said it was a bubble/dead. Bitcoin has seen several near 90% crashes and people have called it dead every single time.
@@dayko. Well, it should be dead. It was much too volatile. To minimize it from crashing hard it needs to remain low or slowly inch up instead of rocketing up. Maybe that will happen now.
i wish that we could revert to the 90s-00s internet, where there was no NFTs and it was all poor web design and spinning rainbow text everywhere on sites
If you don’t ask for a TOS when you buy an NFT you could literally be buying nothing. A lot of the NFT scams were due to scammers counting on people not asking too many questions. That goes for pretty much any scam. Always make sure you fully understand what you’re buying to the best of your ability.
Good god I love how Saberfart probably has the most appealing design in the entire cast despite them trying to make him look WORSE than the horseshit designs they make
I was at the Apple store a few months ago trading in my wife’s old iPhone 8 for a new one and heard a dude maybe a few years younger than me (I’d guess he was 22 - 25) going on and on to a worker at the store about the NFTs on his phone. It blew my mind that, while he was trying to explain the concept to this employee (who could not care less) that the main point is to buy and flip later for a profit, that his NFTs had never gone up in value. This guy said he spent thousands on a few and they weren’t worth anything. It was incredibly sad because he sounded so earnest when he was talking about how cool he thought NFTs were, but he will be just one of many poor saps taken in by the naked scam.
It’s a time to celebrate, but you also can’t help but feel for the people who were scammed out of their life savings from being deceived to believe in this shit.
Dude I swear I'm getting the same youtube recommendations as you, the last three videos I've watched in a row (with no connection between them) have had comments from ur channel.
I have a classmate who was getting *heavily* into NFT's and crypto. Last I saw him was before the summer, when crypto was still doing well. I actually almost bought in based on him, because he really was making buckets (in the sense that his crypto was worth more than what he paid for it. He wasn't making *real* money). Ended up not because it seemed like a scam. Anyway, I hope he's doing alright in the fall, because he strikes me as the kind of dude who genuinely put everything into this bullshit.
I knew a few people that were dumping all kinds of money into crypto and they keep saying its coming back but i never fell for it id rather do gold or something it just sounded so fake to me
One of the guys I work with is a cryptobro/FOMO, he was trying to push NFTs earlier in the year, he got super mad when I said "sounds like a way to get scammed out of actual money." he lost 90% of his families savings when he got caught in a rug pull.
I almost bought an NFT until I realized the fuckin gas fee (a fee you have to pay to convert one cryptocurrency into another) was $36 on a good day, which was very rare, but usually hovered around $60 - $90. I was trying to buy a $20 dollar NFT that I thought would really take off due to its unique design (it was a mo-cap capture of someone breakdancing animated to look like strange and colorful abstract characters with music in the background) but I would have ended up paying more than double the price of the NFT just for the conversion fee. Those gas fees may have saved me.
Glad you can see how it saved you. So many would have just convinced themselves the next one would be a hit, or they need to spend more to justify the gas fees.
Crypto might be alive for a little while since enough people still believe in it, but I believe that NFTs are dead or will die soon. I always saw them as nothing but a big fad, and every fad becomes dead at some point (usually within two years).
you can tell how good crypto is doing when El Salvador's crypto bro president began to jail 30,000 people in a month while his nation is about to default on debt since switching the national currency to bitcoin
If you don't have TOS or some sort of agreement when buying an NFT, you are stupid, end of story. The only way i see NFT's being useful are when they are used correctly, as a RECEIPT TO PROVE OWNERSHIP! SOME NFT's give owners perks and bonus's, One NFT that i had invested in previously gave the holders free access to weed con which would otherwise cost $320 a head, made use of the benefit about 8 times before i sold it off for 2x profit. Any other use of NFT's (e.g. Just for show like 90% of the NFT's these days) is simply F*****G STUPID!
@@NegaRenGenX2gay2lift To think the downfall of El Salvadors is caused by Crypto is kinda naive. It has been a failed state for a long time and the president just decides to speculate with public funds, while being on the brink of bankruptcy. Like if that is done by a private individual and he goes under, that surly isnt caused by crypto.
I believe the death knell that truly killed NFTs was that time when Seth Green lost his bored ape NFT to a crypto phishing scam. This was in May of 2022 and was already on a downward spiral at that point, but that one event irreversibly cemented any hopes that it will ever recover to any kind of main-stream use.
@@ollep0lle I know almost nothing about NFT's, but my theory is the lost perception of security and sheer price. Since NFT's are on the blockchain, they're touted as a hyper-secure investment that only you have and that can't be easily taken. There is no middle management - whomever owns the link to the NFT owns that token. Also the big name NFT's are ridiculous in price - right now I think the lowest Bored Ape is over $400k USD. So when big names have had theirs easily scammed from them, it proved that A. The blockchain doesn't prevent normal everyday scam methods. B. If you lose an NFT through scam or other methods, that's pretty much it. There's no real protection in place, and you've just basically lost the proof you had it in general. C. Losing one single NFT can cost you a shitton of money even compared to a credit card hacking.
I was in time square in NYC and I saw an ad for NFT's on one of the giant billboard things on a building, it was the weirdest thing I have ever seen in my life and I do not get how people could buy those monstrosities. They were actually terrifying and cringy to look at.
So many people and companies just latched onto the trend without understanding it. Like it's the next big thing since wifi hotspots. So much of nft popularity was sheer ignorance and fraud. Usually those two things are very resilient in consumerism, so it's nice to see a bad idea dying under its own weight for once.
I’ve been passively avoiding topics like these. But seeing that episode 2, just made me want to watch more of it. Not because I like it, I absolutely agree that it’s bad period. But just like how you cant stop seeing something disturbing, morbid curiosity is making me wanna see how it ends… I have no clue what I’m getting myself into but here we go
The most hilariously ironic NFTs I remember seeing? Fucking _Star Trek._ As in, a franchise whose creator was a communist and whose universe has abolished all currency centuries earlier. Those NFTs sold as well as one thinks they would 🤣
@@dfquartzidn6151 its crazy man there was an entire crypto project called FloydiesNFT, not sure where the account is now but i know they made bank off of it. Which is just insane how people can openly support something like that.
You can kinda tell how much a company cares about their product(s) based on how they engage with criticism and trolls. They more they engage trolls the more likely they just want to make a quick buck or don't really care and just doing damage control to make as much profit as possible before it explodes in there face
It’s summer, 2022, and hardly anyone brings up NFTs in the mainstream anymore. It’s interesting to see with one’s own eyes a fad being introduced to the public, getting hyped, facing criticism, then ultimately collapsing. Like, it was less than a year ago when my FB feed and TH-cam recommendations were just full of people pushing NFTs. Now it’s barely mentioned.
YongYea did a video on this as well. Apparently, according to the site that created the ape NFT, the person that holds the digital receipt owns all rights, commercial or otherwise. Since the guy that bought the NFT from the scammer did so without knowledge that it was stolen, he is legally able to own it. So yes, Seth Green lost all rights to make his show when he got scammed. Damn shame he got the NFT back , even if he had to pay another $300k
8 months later, Square enix is repurposing a bunch of concept art and micheal soft clip art for a new NFT project that everyone already hates. Glad to see that as a society the people up on the tippy top still learn absolutely nothing.
The day NFTs died was when Folding Ideas dropped his "The Problem with NFTs" video. That video is from January and TH-cam still tries to recommend it to me
in the kpop community we have a thing called photocards! they’re basically tiny cards with the members faces on it that can be pulled randomly from any physical album. and their prices vary depending on how rare the card is or how popular the member is. so kpop compnies decided to sell “digital photocards” and I think this is when NFTs truely died
I can't believe the Kpop community, with basically the same thing as NFTs, just that it's the image itself, not the link, even they think NFTs are bad, truly everyone is against NFTs, aren't they?
- Woke up at 5:30 AM last summer break, getting ready so my roommate could pick me up and drive to BestBuy - Drove for at least 20 minutes, then waited for 2 hours (I think) for BestBuy to open - Waited for another hour at least, got my purchasing permit during the wait - Finally bought my long-desired 3070ti for $699 - So the NFT and crypto are dying? GOOD, the only shame is that they are NOT DYING FAST ENOUGH.
@@GeorgeMonet They already have with the recent "stable" coin crashes. I guarantee you the last GPU you'd want is a used mining card, though. Going 24 hours a day at max or near max capacity isn't exactly good for the longevity of the card.
don't worry... we will get back to the right timeline if enough of us bring awareness to the departure. I'm not sure when it happened... but here we are. Let's get back to normal-ish!
Let’s say, hypothetically, we wanted Seth to finish his show I think he could still do it with the same NFTs cause as legal eagle pointed out there’s no proper grounds for copyright enforcement and you don’t even own the picture itself. Another reason why owning an NFT is pointless.
A funny story I had with nfts was when I saw on my dads phone the words nft and I jokingly asked if he was a part of it and he said yes and I told him it was a scam and I showed him what nfts really are, but turns out the nft he was a part of had nothing to do with ape drawing at all turns out it had to do with engineering and coincidentally had the same acronym as nft crypto currency.
I gained nothing from this and I lost nothing. It was beautiful and I enjoyed every second of it. Shat on people buying them and watched them make excuses and now I got my satisfactory ending to this fiasco.
In ep 2 of red ape family they even drew another youtuber I watched SaberSpark because he talked trash about their animation of 1st episode. Lmao he was the one with glasses and a laptop. They thought it was a burn or something edit: oh someone in stream mentioned it and didn't know Charlie knew him haha
The average Imperial Guardsman living in a 3-story house, driving a Lamborghini, golfing with the Planetary Governor on weekends and having a wife and kids because he didn't buy NFTs:
Thank goodness NFTs are over! My dad would insult me over not making NFTs, calling me stupid and saying that I don't know what I'm talking about. BUT WHO'S STUPID NOW OLD MAN?
I know this has nothing to do with what's showcased in the vid itself, but it still has to deal with NFT's. So, I used to follow an artist, Jude Devir, and his charming comic "One of Those Days". They were one panel of artwork that completely captured a recent moment in his life with his wife, and now two children. Just looking back on the series, you can see the appeal. You get to see the man's life through his art. It's charming, funny, and a really good time. However, this year he revealed he and his wife would be running an NFT line. Their announcement was initially so poorly received, they had to mute comments on social media (because that totally screams 'this is what the people want'). Ever since unveiling the NFT'S, that's all he's posted to his account on Instagram. No more original art, or life stories. Just the same image over and over and over again, but tweaks made to each of them. It doesn't help that a lot of negative comments get deleted on the posts, leaving only the crypto-bros left willing to toss their money at them. He only created a new art post to promote his new YouTooz figure. Then it was back to the NFT shilling. Needless to say, I'm disheartened by this. All this talk about "supporting the artist" is bullshit. It just means an artist can put in less effort than normal, and extend their palm for more money.
In all honesty I stopped following a lot of artists who decided to do NFTs. I guess with the artists in this case, he knows he fell for a scam and can't get out of it because his name is "tainted" in the real world. I've seen artists who made one NFT and lost clients and real work. They barely make a profit from their NFTs and no one with real money wants to hire them, it's a sad sad situation to be in.
"NFTs are unique like the Mona Lisa and other art!" Except the other art looks good and makes people respect the craft. These bored apes look like early 2000s kids online avatar things with the same base model and swappable parts. Because they are, really...
As an artist, the nft caught my interest at first.. (again at first…) Some other artists I knew were trying it out to support themselves for college. Sad to see that cryptopunks and kitties were getting traction. I swear as soon as beeple sold his dailies that’s when shit hit the fan. And everything just went downhill with even more questionable art being ai generated spam and bored ape scamming not to mention the amount of art literally being stolen. It really isn’t a way to get support as an artist, the nft is just fools gold at this point. Sad that it actually used to have potential… Gotta get back to the good ol’ commissions.
I saw how bad NFTs affected digital artists on Devianart. A lot of their art was stolen, recoloured or distorted and sold as NFT. It was really sad to see some of my favourite artists no longer uploading their works because they were afraid of it being stolen :(
I was watching a video about scp 914, a machine that can upgrade or downgrade anything put into it, where the channel took viewer suggestions and discussed what might happen. One suggestion was that they'd put an nft in and hope it came out as something of value.
I finally know what the Ape Family or whatever the fuck it's called reminds me of. It's like an average game of D&D. Everything is adlibbed, there are no take backs. Everyone remembers what you said and you have to roll with it. It's spontaneous and cringe half the time, yet is somehow still fun and keeps me coming back. The only difference is that D&D is FUN, not funny.
I still don’t understand NFTs. I know exactly what they are, but i don’t understand how it has much value. It’s kind of like how the US dollar’s value is determined by how much faith the people have in it, but with memes. who could’ve guessed that such a rock hard system would fizzle and die
Crypto will likely fall into the same territory as gold. It will have a myriad of practical uses for specialists but will ultimately be seen publicly as the default investment of the "the markets will crash, governments will collapse but I'll be safe and sound with my superior alternate currency/investment" types.
Stores of value don't decrease by 70 percent in an afternoon. There is no use case for crypto that legacy systems don't do more efficiently. The only use case that is practical is dnm trading and they don't even use BTC for that anymore. They've moved onto XMR. Crypto is dead. It was a ponzi scheme from the beginning.
idk man everyone who says this can never name a single practical use, even the creator of NFTs says this is NOT what they were meant for and they are NOT coded to be whatever miracle everyone keeps making them out to be. it's just for money laundering at this point, they hold no intrinsic value
@@d_boneswish1296 I mean, you say that, but the great depression was literally caused by people all panic drawing their stocks out, and that was basically in one day that it started, shit can happen fast.
Now you've done it, they're gonna include you in Episode 3 and call you Shitikal
Lol I would love to see a cameo of Cr1t1kal in a full animated show of some kind. Like a good show. Not this trash of a scam. XD
Saberfart is in the comments
They totally will, they're childish like that
Saberspark on a Cr1tikal video. This is the crossover I never knew I needed, but now so desperately desire.
I have no idea what to say.
As someone who screenshots NFTs, I have never felt so optimistic of this happening. Whenever I would feel down, at least I can recall that I never purchased an NFT.
Ratio + yb better + nobody cares + this you 🤓🤓👨🏼💻👨🏼💻👶🏽
@@forgivezharion1261 damn dude he’s smoking you I would retract that ratio rn cuz it’s boutta be murder
Edit: OH MY GOD IT IS A MURDER GET OUT WHILE YOU CAN SAVE YOURSELF THE EMBARRASSMENT
Damn you missing out nfts have given me financial freedom yeah it's just a picture but if yk what you're doing u can make some money
Your entire life?
Agreed, although most nfts ain’t worth screenshotting
I love how Red Ape Family's attempt to get back at those "t r o l l s" was by giving them as much attention as possible.
impressive how shit goes wild right at the first reply to this comment
@@donnycorn3086 The TH-cam comment section as a whole is starting to feel like reddit comments. Cursed.
that sure is one of the replies of all time
@@BoshMind 100% agreed- and I haven’t even used Reddit before.
@@RetroCollector reddit user for 5 years now, it's either cursed or nothing, really.
the weirdest thing about NFTs is that if someone "steals" them through a scam...
it's THEIRS. the whole crypto side of internet has collectively agreed that if someone steals an NFT it's now legally their property despite who actually spent money on it.
whereas if you steal something in real life you will go to prison because that's how property actually works
If someone gets scammed by a nigerian prince that money is lost and good luck tracing down Mr Okoye Abubakar in Nigeria to prosecute him. This is the same situation. If you get scammed out of an NFT 99% of the time you just being extremely gullible. New technology brings new types of scams and people have to learn how to navigate the space.
Decentralization
The irony of championing a deregulated economy is the lack of enforcement of its viability.
@@commandercaptain4664 I was just telling you what it is called, not “championing” anything ?
Reminder that they wanted to put legal credentials and medical records on the blockchain
My college tried to make NFTs of our mascot. Just like a Marvel movie, all majors assembled in the comments section like the fucking Avengers. The shitstorm that ensued in the comment section just seconds after it was posted is something that cannot be described with words. At no other moment in history was my college more united, as dozens of students tore into the poster, calling out the absolute stupidity of this idea and all its consequences. Student Relations had to step in and ask whoever ran the Instagram account to take the post down. Within the first half hour, an apology was posted on my college Instagram’s story and every trace of it was erased from existence. Thank god.
Screenshot it and print pictures and tape them around the building
Why would they even care. Doesn't affect them in any way...
@@sevenhazee be real. It’s effecting them the same way if the college made their mascot peppa pig. It’s stupid and immature.
@@Duckbusinessman who cares, people today are drama queens. The college was probobly trying to be "trendy" for the students and they got shit on for it. At least they tried...
@@sevenhazee There are no tries in life.
Nfts really showed a lot of artists’ true colors, cause so many of the ones who adamantly defended them acted like jerks to their mutuals and fans who were against it. So many reputations and bridges burned over what was centered around ugly monkey drawings
Wait hold up-
@Manhog Sonic indeed it does
@Manhog Sonic club penguin? 💀💀💀 Man what kind of.... Bruh.
@Manhog Sonic This man likes watching cartoon penguins fuck💀💀💀
the ones who adamantly hated them are literally no better lmao just a bunch of whiny babies fighting each other
NFTs basically just proved how genuinely stupid people are.
"Here's some objectively bad art. Because we say it should be worth something because we called it an NFT, pay us thousands for it."
And people were complete idiots and decided to buy the amateur, trash art for thousands.
At least with actual scams, they prey upon insecurities, fear, ignorance.
But when it comes to NFTs.... you really don't have an excuse to fall for them.
They're like fake trading cards. But you don't actually get anything physical.
And the most popular ones being these really ugly badly drawn "apes" just puts the icing on the cake.
I mean, come on people, couldn't you at least be trading cute cat pictures or something instead?
I agree, look I love some ig modern art pages, I saw potencial on them. Fuck i would even buy one of them. But fucking apes... With an slightly change, and these crypto punks... Wtf????? I had never seen something so stupid in my entire life
Ratio + yb better + nobody cares + this you 🤓🤓👨🏼💻👨🏼💻👶🏽
NFTs are cringe af, but I have seen some really good digital art made by digital artists with ACTUAL talent
FOMO broh
@@BaitPolice W Bait Police
Can’t believe Seth Green has paid almost half a million in total for that one stupid NFT. Imagine going to court over something like this, waving your fist in the air screaming “somebody stole my apes!”
He threatened to go after the guy with his "18 years of studying law" then paid $300k instead.
Imagine how well it went for him when everyone in his production crew laughed at him because he didn't know there's no laws for these things lmao.
@@lw8882 I can fully believe he spent 18 years in law school. I also know that it takes far fewer than 18 years to get a law degree. Must've had to repeat a lot of courses.
I would be pretty mad if someone took my monkes too- ohhh you mean nfts
never underestimate the stupidity of mankind
@@bobaa4268 🤨
I remember a story being shared around about a guy that invested $300,000 in crypto/NFTs and got wiped out. Had to explain to his wife that he lost his savings due to investing nearly half a million dollars in Microsoft-Paint-quality JPEGs.
...I feel a divorce may have been discussed lol
This is hilarious. I hope she divorced him.
omfg 😬😬😬
SO basically Beanie Babies.
@@savageratentertainment and then he told her this story about losing all his money.
What NFT's were created for: digital artists to finally be able to sell their works.
What we got: Stupid auto generated ape pictures.
Correction, they existed so that people who bought digital art could profit off a digital artist's work and popularity somewhere down the line.
Commissioning an artist to make you artwork already existed, it wasn't a problem that needed solved. NFTs never did anything for artists themselves, they only really mattered for people who bought art.
And all NFTs really did was exist to try and further legitimatize cryptocurrency by giving you something to buy that wasn't illegal because surprise, nowhere legitimate wants to deal with a poorly functioning payment system with incredibly variable currency value.
Money laundering you mean.
If that was NFTs, that would be actually good
@@Straviradius so someone who didn’t make art should get more money than the original artist. Still sounds kinda scammy to me.
@@Bully_Biscuit CORRECT!!
As someone who creates art but never even tried to create an NFT I’m really really relieved that it’s finally over
It's not over, it's just starting. Artists should be embracing this. Imagine, in the past people would sell their art and get a one time payment, and usually have someone else taking a cut of the profits. If you're good at creating art then you should create some NFTs, you could even set it up so that every time the NFT is sold on the marketplace you recieve a cut of the resale, or give that money straight to charity, or to your family after you're gone.
Also NFTs are more than art, we can use that technology to replace many current ways of doing things, land/vehicle deeds would be a good example, so we don't have this issue where people lose their home because someone messed up an excel spreadsheet.
It's not actually over. It's just a clickbait video title. NFTs are far from dead. Only the hype around it is somewhat dead or maybe not if people keep posting videos like this. Negative publicity is still publicity. People oblivious to this NFT stuff will keep getting scammed which is funny AF. I don't really see the problem of people getting paid loads of money for bad art. I mean a banana taped to a wall is just as bad. Artists have it bad in this world anyway. We get shit for payment so I don't mind scamming some wealthy-ass scum for their money. Even the UFC is promoting its own NFTs now.
@@icedcoffee8561 it's like the same desperate pyramid scheme sales pitch script with y'all i swear
@@d11asian does what I describe sound like a pyramid scheme? The artist getting profits from their creation is somehow wrong? I'm so confused
It’s not
Even in those small tidbits you showed, that was incredibly hard to watch. So I guess it's actually perfect for representing NFTs
True, every time the cartoon continued, i had to fight the urge to skip to when the picture of it stops moving in the preview
Ratio + yb better + I don’t care + this you 🤓🤓👨🏼💻👶🏽👨🏼💻
Wait till seth green releases his masterpiece
@Kaveation reported for misinformation
@@just1megabyte566 its a bot
As a digital artist myself I hate NFTs, because most artists even if they did try to make NFTs, got scammed themselves, or heavily under paid, and the NFTs that ahd actual good art never got anywhere, it was all about the rich getting richer, the artists never really made money. Just look at Garry Vee V friends, absoloutely shite art, stuff that could literally be drawn by 2 year olds and they sold for loads, it was never about the art and good art never got anywhere in the NFT space.
that's because you're not buying an image when you buy an NFT... it's literally just a certificate/receipt of a stock representational of nothing, of course no one is getting support lol.
it's just a reverse robinhood scheme. It's like complaining that your As Seen on TV crap is just that, crap..
I know some really talented artists who dabbled in making their pieces NFTs, and I'm guessing it didn't go well because it wasn't long before they stopped lol
well the whole nfts are digital art narrative didn't last long, they quickly pivoted to them being access passes to communities. That really didn't work either as people quickly gathered they'd pay tens of thousands to join communities of KHVs
@@Potateornottotate No I'm not describing art lol. The "art" market is a scam yes. But when you buy it, you actually own the art.
An NFT doesn't provide you with intellectual property ownership, neither does it protect from copyright, because you're not buying the art, you're buying a raffle ticket for a data-chain that is only worth whatever people or its owners say its worth. People can change the nft to whatever image or sound they like lol, the so-called "art" is a placeholder for a stupid invoice. People were buying invoices, hoping to sell them off to other more stupid people.
@CowoO I think those people are just in denial. They don't want to face the truth that they wasted money and that no one wants to buy off their NFTs.
I love it when content creators confuse "trolls" with "actual criticism" lmao
Comics do the same thing. Say you dislike the character or the story and your apparently an awful person. No matter how bad the story or art is.
@@zionleach3001 its not confusion, it is putting up a mental wall to cope with negative attention
Another version of this is insinuating the “”opponent”” is being disingenuine.
“You just are doing this so people like you! You’re just white knighting to get women! You’re just wearing this product to look rich! You just decorate your clothes or car to get attention!””
@@melody3741 Indeed. Toxic creators think they're Shakespeare and lack humility. Any successful creator will say to listen to constructive criticism. But I don't think they've ever been told no.
Whenever I hear words like "troll" or "no life" or "mom's basement", that's how I automatically know whoever is saying them has absolutely ZERO actual arguments or comebacks.
As an artist, it also really sucked that people would just steal art from artists to sell as NFTs. Like someone actually stole art from a artist that died from an illness, with not care in the world. Truly vile behavior. Also since most of this are randomly generated, there’s no care or thought put into most of these.
kitty0706 nft
fellow artist here, it doesn't just suck, it downright makes my blood boil. It's literal theft I can't wrap my head how anyone would think nfts in its current state is beneficial to artists in any fucking way.
Poor qinni she literally d*ed of cancer and her art is still being stolen.
@@justs_ I agree I just had a lack of words to describe my frustrations
I really like your pfp :)
I had a dream a while back that there was an NFT show, and it was genuinely well written and made. Like it was actually funny and every TH-camr gave it credit. Needless to say I woke up in cold sweats.
“What’s your most unrealistic dream you ever had”
I was thinking of painted nfts, where you get an nft on a canvas and it's hand painted and only one exists. but then I remembered that those already exist and they're called paintings.
@@pimkinn LOL, right
Sure you did.. sure..
man this just adds to how dreams are always nonsensical
I avoided even learning about what NFTs are. I assumed it was just another way for rich people to hide wealth to avoid taxes, just like physical art is. I have grown up living by the rule "the internet is the worst place on earth, populated by the worst people on earth." Hasn't failed me yet.
Good rule, OP.
Remember, folks: the internet is the greatest source of both information and misinformation. Guess which one sticks out more.
@@HumanTooth the uhh misinformation one ?
@@HumanTooth well to be fair, the reason misinformation sticks out more is because there can only be 1 truth, but infinite lies.
I’ve met terrible people who are poor. Stop blaming the rich for monopolizing evil.
@@sigmaK9 please, show me where in my post I said anything about anyone being evil. I'll wait.
Honestly with how most nfts are automatically generated, I’m amazed anyone considered it art. Most nfts pieces are not even looked at by the creators you cannot call that art. If anything an argument can be made to call the program that generates them art maybe. But still the fact that so many people are willing to call auto-generated soulless drawings art is kinda sad
Only when they're trying to sell it will they call it art.
It's like taking a picture of one of those toys for kids where you can rotate the head, body and legs, then taking a picture of it, uploading it opensea and asking 5 eth for it.
to be fair when you see the kind of shit that goes up in art galleries art isnt a high bar is it
@@shoeofobama6091 I'm gonna see a Cezanne exhibit today...so no...idk what you mean...
NFT isn't art... its a non fungible token that could potentially store art. The lack of general knowledge surrounding these topics is astounding
The best part of the crypto crash for me at least is I can finally afford to build a computer again. and watching the miners crying their eyes out trying to recoup part of the money they dumped into overinflated video card prices is the sweetest cup of tears i've ever tasted.
Time to set an ebay alert for "3x 3090"
@@0v_x0 any card owned by a miner is gonna be overpriced (like everything else in the crypto-sphere) and so used that they should have to pay you to get rid of it. those cards run 24 hours a day, every day, at full capacity. that's the GPU equivalent of driving a car up a steep, never ending slope without ever letting up on the accelerator. it won't last long, if you're able to even turn it on at all lol
Scalpers and legit businesses in my country are starting to get bankrupt as well. They deserve it for selling mid range gpu for $600 and $350 for the lower end.
… bro what are you even talking about
@@cadester123 Actually you can buy gpus used for mining with no problem most of the time, real miners usually underclock their GPUs and keep them at low temperatures (60-70c in a 90c capable GPU for example) since having them working at max or near max capacity is counterproductive and overly consuming, if you buy a gpu that was used optimally while mining 24/7 during 6-12 months you'll probably experience a performance drop from just around 0.5-2% at most in comparison to a brand new one, this of course after adding new pads, new paste and checking everything is nice and clean.
Despite this: You should always ask the vendor questions regarding the conditions it was used in such as the space, the temperature it was used at and during what periods of time.
If it's possible, run a screen test and a benchmark yourself before buying it, if the GPU convinces you, go ahead and buy it, there's not much to fear about most of the time!
I love how saberspark clapped back at the show by embracing their salt and adopting “saberfart” as an unofficial mascot
they couldnt think of a worse insult to them than having them cameo in the show
The best part is that Saberspark got to be in their show for free.
@@cmdrjanjalani _Exposurrre_
new saberspark nft
Does anyone remember reading about the Tulip bubble in the middle ages?
At least with tulips you could smell them, you could eat them(not very tasty though) and you could burn them for fuel. As stupid as the tulip craze was, it was still less stupid than the NFT craze.
Bro I bring up the tulip bubble pretty often but not many people I know payed attention in sophomore history class I guess. Glad to know someone gets the reference tho thank you
The Dutch Tulip Crash has been pretty thoroughly debunked as far as a "widespread thing that people lost a ton of money on and had massive economic repercussions." One of the most prominent researchers into tulip mania found fewer than half a dozen tulip buyers who ended up in financial hardship, and some of those cases didn't even appear to be tulip-related.
The tulip craze was in the 1630s, not the middle ages.
At least tulips are pretty and pleasing to look at
You can put tulips in actual gardens, to decorate your house, give to your partner and etc, NFT is basicaly bad from concept
Personally, I find NFTs stupid. It is not a commission from an artist, or even the rights to a piece of work. You might have the rights to a specific line of code that corresponds with your image, but it still isn't your own. If you wanted actual tangible art, you would buy from a museum or create your own. But what happens to those who cannot afford a tour of an art museum. Should the people who wanted to look at the smithosian be turned away because they didn't buy an NFT of their fossilized personality? Art is as intriscially human as cooking for those we love, to see art used as only a method of currency is saddening.
i think its just the hope, that they will increase in price. There is no use, or anything... there are some with extra use, where you get acces to certain events or so, but most of them are just links ti jpg's.
some artists were even "selling" physical pieces as NFTs and not sending out the physical piece, the purchaser gets an image of a physical art piece and owns a line of code but never gets to actually own the art work they paid 20k for
Its about money, there’s no such thing as true art or barely any artist who hold a true passion for drawing or painting anymore.
@@WGasmss i partially agree but don't forget that some artists from the past were in fact making art in order to sell it, so the idea of making to sell isn't new, there's just good and bad ways to go about it. for example there's a community of artists that love animals, so they sell pet portraits, i don't think its bad that they put a price on that art but at least most of the time they care about what they are making. There's still an essence of passion that goes into it. I wouldn't say money adds or subtracts passionate value it just kind of depends how they go about it. nft's are a good example of profit with low passion while i'd say a museum selling art holds some importance since they house old and new art. And most artists can't do what they do without money.
TLDR there are hundreds of passionate artists you just have to look in the right places
your thinking way too much into something that had little to no thought put into it
This show is absolutely dreadful even without the fact that it’s whole point is to sell the idea of an NFT to people.
Yeah. I'm not the leading authority on writing, but as an artist I can proudly say that that is some of the worst animation I've ever seen in my entire life
I agree. And I actually like NFTs. But this show is...not good. More than cringey imo.
I'm just here to laugh at the ignorance from the vid and the comment section
Just seeing the thumbnail to this video pisses me off so bad
The show just looks fucking OBNOXIOUS!
@@RedtailArt
I’m pretty sure seven deadly sins has better animation than that
NFTs just highlight how many people are insecure about themselves and choose to front using money
Ratio + yb better + nobody asked + this u 🤓🤓👨🏼💻👨🏼💻👶🏽
I think it was used mostly for money laundering among rich people but yes people with no aspect of reality buying this stupid shit are a problem as well.
I agree that people buying NFTs are brainless but how does that make them insecure?
i believe the ppl shitting on NFTs to make themselves feel better are far more insecure and you seem to be projecting
@@F1lthymf They really thought buying jpegs was gonna financially secure them. Plus have you seen how defensive they get when you try tell ´em they're wrong? They know they are and telling ´em makes them even more insecure
I feel a little bad that I am experiencing schadenfreude from people that fell for NFT's and crypto currency. The writing was on the wall from he beginning. The smartest ones (or people with epic timing) are the ones that got out of it at it's height
With NFTs I would agree as they don't serve any purpose but I doubt crypto is dead now. 2018-2020 everyone also said it was a bubble/dead. Bitcoin has seen several near 90% crashes and people have called it dead every single time.
@@dayko. Well, it should be dead. It was much too volatile. To minimize it from crashing hard it needs to remain low or slowly inch up instead of rocketing up. Maybe that will happen now.
i wish that we could revert to the 90s-00s internet, where there was no NFTs and it was all poor web design and spinning rainbow text everywhere on sites
i hate this web3, web4, web5, whatever shit that starts with web, lets just revert back when "internet explorer is evil" was funny
amen
Well you have you ever heard about domain bubble crash in early 00?
I miss those days. Remember when we were kids and had no clue about Neopets run by Scientology?
Lol if they happened you would be begging to come back.
3:56 this is the most editing I've seen in a critikal reaction video
An amazing moment in history...
yeah he got pretty insecure
If you don’t ask for a TOS when you buy an NFT you could literally be buying nothing. A lot of the NFT scams were due to scammers counting on people not asking too many questions. That goes for pretty much any scam. Always make sure you fully understand what you’re buying to the best of your ability.
tos?
@@hellodarknesss.myoldfriend Terms of Service
@@kidmosey four letters
@@kidmosey The NFT scam doesn't sell you the receipt you thought you were buying. So basically nothing since you were already buying nothing. 😂😂😂
*you're
Good god I love how Saberfart probably has the most appealing design in the entire cast despite them trying to make him look WORSE than the horseshit designs they make
I love that saber himself welcomed it as another AU character of his lmaoo
@@pokaay3163 hahaha yeah
I was at the Apple store a few months ago trading in my wife’s old iPhone 8 for a new one and heard a dude maybe a few years younger than me (I’d guess he was 22 - 25) going on and on to a worker at the store about the NFTs on his phone. It blew my mind that, while he was trying to explain the concept to this employee (who could not care less) that the main point is to buy and flip later for a profit, that his NFTs had never gone up in value.
This guy said he spent thousands on a few and they weren’t worth anything. It was incredibly sad because he sounded so earnest when he was talking about how cool he thought NFTs were, but he will be just one of many poor saps taken in by the naked scam.
It's just the Pet Rock all over again
@@MrEvtmazda well atleast the rock was actually cute
@@MrEvtmazda pet rock was funny, nft's left people desolated
And this is why one should diversify ones assets
funny you should talk about scams when you're in an apple store holding an apple product you spent money on.
It’s a time to celebrate, but you also can’t help but feel for the people who were scammed out of their life savings from being deceived to believe in this shit.
Dude I swear I'm getting the same youtube recommendations as you, the last three videos I've watched in a row (with no connection between them) have had comments from ur channel.
anyone stupid eneough to buy nft
dosent deserve to breed
Feel? Lmao no, I get to laugh at people who are financially richer than me get scammed out of their cash because of literal jpegs in the internet.
@@JoNarDLoLz Exactly! You reap what you sow, I have no remorse for them
stop spamming everywhere lncel chiId.
I have a classmate who was getting *heavily* into NFT's and crypto. Last I saw him was before the summer, when crypto was still doing well.
I actually almost bought in based on him, because he really was making buckets (in the sense that his crypto was worth more than what he paid for it. He wasn't making *real* money). Ended up not because it seemed like a scam.
Anyway, I hope he's doing alright in the fall, because he strikes me as the kind of dude who genuinely put everything into this bullshit.
I knew a few people that were dumping all kinds of money into crypto and they keep saying its coming back but i never fell for it id rather do gold or something it just sounded so fake to me
@@conflict7269and here we are today with bitcoin at an ATH lmao
Those few are loaded and laughing rn
I bet you wish you bought some now lmao. Your classmate is probably rich rn
Now he’s hoping you’re doing alright
@@brockn5554whatever you need to tell yourself to cope with the fact that you got scammed out of money.
@@sunny-gt7qw dude what, how could anyone have lost money this year? Even a month after my comment BTC is still up 140% since Jan.
I've never seen Charlie, a man to rival professional poker players, display such a level of cringe and suffering through his facial expressions
if charlie ever emotes at a thing you know its BAD
@@inhale2851 Or REALLY good
I’m a digital artist, and I’ve declined soooo many offers to draw nfts for people. I’m glad I said no and stuck to my guns 🎨
Good Ending achieved
nobody cares that you lost money because you refused to accept the future of technology
@@feIon I cared, I saved money, and stress. I’m a guy that lives honestly, so saying no can sometimes be beneficial in the long run.
@@지현태-p9v The world needs more people that won't draw what they don't want to? Inspiring.
@@Gandhi_Physique i know right, like, its the bare minimum
One of the guys I work with is a cryptobro/FOMO, he was trying to push NFTs earlier in the year, he got super mad when I said "sounds like a way to get scammed out of actual money." he lost 90% of his families savings when he got caught in a rug pull.
I almost bought an NFT until I realized the fuckin gas fee (a fee you have to pay to convert one cryptocurrency into another) was $36 on a good day, which was very rare, but usually hovered around $60 - $90. I was trying to buy a $20 dollar NFT that I thought would really take off due to its unique design (it was a mo-cap capture of someone breakdancing animated to look like strange and colorful abstract characters with music in the background) but I would have ended up paying more than double the price of the NFT just for the conversion fee. Those gas fees may have saved me.
Glad you can see how it saved you. So many would have just convinced themselves the next one would be a hit, or they need to spend more to justify the gas fees.
you could just purchase the rights to some installation multimedia art instead my man
111 👍
Did you download it?
Crypto might be alive for a little while since enough people still believe in it, but I believe that NFTs are dead or will die soon. I always saw them as nothing but a big fad, and every fad becomes dead at some point (usually within two years).
you can tell how good crypto is doing when El Salvador's crypto bro president began to jail 30,000 people in a month while his nation is about to default on debt since switching the national currency to bitcoin
If you don't have TOS or some sort of agreement when buying an NFT, you are stupid, end of story. The only way i see NFT's being useful are when they are used correctly, as a RECEIPT TO PROVE OWNERSHIP! SOME NFT's give owners perks and bonus's, One NFT that i had invested in previously gave the holders free access to weed con which would otherwise cost $320 a head, made use of the benefit about 8 times before i sold it off for 2x profit. Any other use of NFT's (e.g. Just for show like 90% of the NFT's these days) is simply F*****G STUPID!
nfts werent just a fad in a comportamental sense it was a way for scummy people to make money that hinged on convincing society their scam was legit
I hope crypto dies so that gpu prices can go down, seriously fuck those guys
@@NegaRenGenX2gay2lift To think the downfall of El Salvadors is caused by Crypto is kinda naive. It has been a failed state for a long time and the president just decides to speculate with public funds, while being on the brink of bankruptcy. Like if that is done by a private individual and he goes under, that surly isnt caused by crypto.
0:01 wait hol' up, my video?
internet anarchist moment 😳
Discord gang
win
Did you _really_ have to ping us?
I was pinged to do this
13:04 “you have no idea what’s happening do you?”
“Not the slightest fucking clue”
Everyone who was watching the show thought the same thing
“NFT’s are dying”. Never thought I’d live to see the day. We can all rest peacefully, friends.
But they arnt ?
@@TheElixerboy 1 year ago
"But they arnt ?"
NFTs seem pretty lifeless at this point.
I believe the death knell that truly killed NFTs was that time when Seth Green lost his bored ape NFT to a crypto phishing scam. This was in May of 2022 and was already on a downward spiral at that point, but that one event irreversibly cemented any hopes that it will ever recover to any kind of main-stream use.
that's this show, isn't it?
How does it matter? It was a funny moment but why would it affect NFTs vitality?
@@erixouther It isn't.
@@ollep0lle Because he was a big-time celebrity who wanted to make his own show based on it and lost any possibility to do so because he was scammed.
@@ollep0lle I know almost nothing about NFT's, but my theory is the lost perception of security and sheer price. Since NFT's are on the blockchain, they're touted as a hyper-secure investment that only you have and that can't be easily taken. There is no middle management - whomever owns the link to the NFT owns that token. Also the big name NFT's are ridiculous in price - right now I think the lowest Bored Ape is over $400k USD.
So when big names have had theirs easily scammed from them, it proved that A. The blockchain doesn't prevent normal everyday scam methods. B. If you lose an NFT through scam or other methods, that's pretty much it. There's no real protection in place, and you've just basically lost the proof you had it in general. C. Losing one single NFT can cost you a shitton of money even compared to a credit card hacking.
I was in time square in NYC and I saw an ad for NFT's on one of the giant billboard things on a building, it was the weirdest thing I have ever seen in my life and I do not get how people could buy those monstrosities. They were actually terrifying and cringy to look at.
Even my local coffee shop made nfts, the whole thing became too ridiculous too fast
So many people and companies just latched onto the trend without understanding it. Like it's the next big thing since wifi hotspots. So much of nft popularity was sheer ignorance and fraud. Usually those two things are very resilient in consumerism, so it's nice to see a bad idea dying under its own weight for once.
@Manhog Sonic what the fuck are you talking about
What in the hell is Sonic talking about in this thread
@Manhog Sonic Legalising WHAT?
@Manhog Sonic I love cool parties too…
I’ve been passively avoiding topics like these. But seeing that episode 2, just made me want to watch more of it. Not because I like it, I absolutely agree that it’s bad period. But just like how you cant stop seeing something disturbing, morbid curiosity is making me wanna see how it ends… I have no clue what I’m getting myself into but here we go
The most hilariously ironic NFTs I remember seeing? Fucking _Star Trek._ As in, a franchise whose creator was a communist and whose universe has abolished all currency centuries earlier.
Those NFTs sold as well as one thinks they would 🤣
i remember seeing a George floyd nft on twitter and that to this day has kept me away from crypto
@@Kiropium Wow that’s terrible. The fact that anyone would think of making an NFT of that man is beyond me.
>Star Trek
You mean that crummy show about rich people in space? I'd pick a more closer to earth franchise to make NFTs of.
Cowboy Bebop? Lexx, maybe?
@@dfquartzidn6151 its crazy man there was an entire crypto project called FloydiesNFT, not sure where the account is now but i know they made bank off of it. Which is just insane how people can openly support something like that.
@@Kiropium God, I didn’t even know that was a thing, and now I hate humanity even more
“The name’s Fat Fucking Ape” truly one of the lines from the show of all time.
It was definitely in the show too
It was not all bad. I sold 89 dollars worth of NFT art a few months ago. A fool and their money are quickly parted
Ratio + yb better + nobody cares + this you 🤓🤓👨🏼💻👨🏼💻👶🏽
Hi wutaii
I commented that your one was good... was that before you sold?
Cool Story Bro.
Are you bragging about making 89$ profit of NFTs? I smoke that in a day or two..
4:02 someones under the table
I swear to God, if someone Screenshots the NFT Gravestone, I'm actually gonna lose it.
Thanks for the idea
You can kinda tell how much a company cares about their product(s) based on how they engage with criticism and trolls. They more they engage trolls the more likely they just want to make a quick buck or don't really care and just doing damage control to make as much profit as possible before it explodes in there face
Fact: 7 December, 1959 an invisible piece of art was sold for 1.2 million dollars. This was a precursor to NFTs.
brb gonna make a living off of selling a blue dot on a white background
I sense a great disturbance in the force as if one billion talented artists just breathed the sigh of relief, whilst a million crypbros moan in agony
Most accurate statement 👌🏻
@@Duhgel nope they're back and they got TH-cam backing em
If more NFT scams will bring about the end of NFTs and crypto, I'm all for it.
What should I invest. stock market?
@@RPN_07physical stuff. Land, silver, gold.
"NFTS are finally dying"
It's all coming together
I can't be the only one who every time someone showed their nfts and way like "GUYSS DONT SCREENSHOT 🥺🥺" I screenshotted that shit
It’s summer, 2022, and hardly anyone brings up NFTs in the mainstream anymore. It’s interesting to see with one’s own eyes a fad being introduced to the public, getting hyped, facing criticism, then ultimately collapsing.
Like, it was less than a year ago when my FB feed and TH-cam recommendations were just full of people pushing NFTs. Now it’s barely mentioned.
god remember the figit spinners
and that one year where everybody was doing some clown parkour or some shit
I got ads about apps selling crypto. Strangely it stopped.
YongYea did a video on this as well. Apparently, according to the site that created the ape NFT, the person that holds the digital receipt owns all rights, commercial or otherwise. Since the guy that bought the NFT from the scammer did so without knowledge that it was stolen, he is legally able to own it. So yes, Seth Green lost all rights to make his show when he got scammed. Damn shame he got the NFT back , even if he had to pay another $300k
This is the death that brought hope back to us
8 months later, Square enix is repurposing a bunch of concept art and micheal soft clip art for a new NFT project that everyone already hates.
Glad to see that as a society the people up on the tippy top still learn absolutely nothing.
The day NFTs died was when Folding Ideas dropped his "The Problem with NFTs" video. That video is from January and TH-cam still tries to recommend it to me
I've watched that video like 20 times.
in the kpop community we have a thing called photocards! they’re basically tiny cards with the members faces on it that can be pulled randomly from any physical album. and their prices vary depending on how rare the card is or how popular the member is. so kpop compnies decided to sell “digital photocards” and I think this is when NFTs truely died
I can't believe the Kpop community, with basically the same thing as NFTs, just that it's the image itself, not the link, even they think NFTs are bad, truly everyone is against NFTs, aren't they?
@@asnailwithpizza9724 This is just like that one movie
I mean thats basically just any collectible card at that point tbh
- Woke up at 5:30 AM last summer break, getting ready so my roommate could pick me up and drive to BestBuy
- Drove for at least 20 minutes, then waited for 2 hours (I think) for BestBuy to open
- Waited for another hour at least, got my purchasing permit during the wait
- Finally bought my long-desired 3070ti for $699
- So the NFT and crypto are dying? GOOD, the only shame is that they are NOT DYING FAST ENOUGH.
@EDP445 IS INNOCENT [PROOF ON CHANNEL] bro stop
You bought too early. They are gonna want to unload their stock of 30xx GPUs soon.
@@GeorgeMonet conspiracy much??
@@lemon66111 nope. Simple supply and demand
@@GeorgeMonet They already have with the recent "stable" coin crashes. I guarantee you the last GPU you'd want is a used mining card, though. Going 24 hours a day at max or near max capacity isn't exactly good for the longevity of the card.
I think its fair to say we were not surprised to see this coming
Noone was.
The day that NFTs die for good is the day we start living in the best timeline.
NFTs probably wouldn’t have ever existed in first place in the best timeline.
@@therealcolon3 This is as close as we're going to get.
don't worry... we will get back to the right timeline if enough of us bring awareness to the departure.
I'm not sure when it happened... but here we are. Let's get back to normal-ish!
@@spencermaley4390 ye
The fact that NFTs existed means we are are in the worst timeline still.
Let’s say, hypothetically, we wanted Seth to finish his show I think he could still do it with the same NFTs cause as legal eagle pointed out there’s no proper grounds for copyright enforcement and you don’t even own the picture itself. Another reason why owning an NFT is pointless.
A funny story I had with nfts was when
I saw on my dads phone the words nft and I jokingly asked if he was a part of it and he said yes and I told him it was a scam and I showed him what nfts really are, but turns out the nft he was a part of had nothing to do with ape drawing at all turns out it had to do with engineering and coincidentally had the same acronym as nft crypto currency.
Actually useful NFTs
some nft projects are doing legitimate things and the market is not dead at all
@@vendetadesign yeah, but it's trendy to be ignorant and focus on the more scammier occurances.
@@3sgtecelica yeah
Lol that's gold
I gained nothing from this and I lost nothing. It was beautiful and I enjoyed every second of it. Shat on people buying them and watched them make excuses and now I got my satisfactory ending to this fiasco.
Sucks you didn't get money instead but yeah satisfaction should be good enough
me at my wedding 🙎♂
me at the downfall of nfts 🤵
In ep 2 of red ape family they even drew another youtuber I watched SaberSpark because he talked trash about their animation of 1st episode. Lmao he was the one with glasses and a laptop. They thought it was a burn or something edit: oh someone in stream mentioned it and didn't know Charlie knew him haha
Saberfart 🤣🤣
7:21 Even NFTs are sick of NFTs.
NFT’s were like a poor man showing off a certificate saying he was rich.
Who edited this? It's more effort than I've seen in previous videos lol. Zoom ins to the camera and the tweets. good stuff honestly
Forget nfts, return to basic caveman trading methods.
The average Imperial Guardsman living in a 3-story house, driving a Lamborghini, golfing with the Planetary Governor on weekends and having a wife and kids because he didn't buy NFTs:
This comment section basically became a karma story for everyone called stupid at the NFT craze for denying it, and i'm loving it
God threw us a bone by NFT’s being dead.
I've been saying for a year, CRYPTO NFT'S IS SHIT. I was told in 10 years I'd be broke. I'll still be broke, but at least NFT buyers will be too
What do you mean NFTs are dead? What am i gonna do with all those NFTs that i screenshoted
Remember when CSGO knives were the closest we were to NFTs.
it is
Thank goodness NFTs are over! My dad would insult me over not making NFTs, calling me stupid and saying that I don't know what I'm talking about.
BUT WHO'S STUPID NOW OLD MAN?
The show takes it self too seriously. Spot on with the insecurity bleeding.
Fun fact: episode 3 has comments turned off completely
Lmao
"WOOOOOO! THAT'S WHAT I'VE BEEN WAITING FOR, THAT'S WHAT IT'S ALL ABOUT!"
- twitter, probably
I know this has nothing to do with what's showcased in the vid itself, but it still has to deal with NFT's.
So, I used to follow an artist, Jude Devir, and his charming comic "One of Those Days". They were one panel of artwork that completely captured a recent moment in his life with his wife, and now two children. Just looking back on the series, you can see the appeal. You get to see the man's life through his art. It's charming, funny, and a really good time.
However, this year he revealed he and his wife would be running an NFT line. Their announcement was initially so poorly received, they had to mute comments on social media (because that totally screams 'this is what the people want').
Ever since unveiling the NFT'S, that's all he's posted to his account on Instagram. No more original art, or life stories. Just the same image over and over and over again, but tweaks made to each of them. It doesn't help that a lot of negative comments get deleted on the posts, leaving only the crypto-bros left willing to toss their money at them.
He only created a new art post to promote his new YouTooz figure. Then it was back to the NFT shilling. Needless to say, I'm disheartened by this. All this talk about "supporting the artist" is bullshit. It just means an artist can put in less effort than normal, and extend their palm for more money.
Oof, that's sad, I hope he snaps out of it
Edit: WAIT, I KNOW THIS GUY'S WORK, DON'T TELL ME HE FELL FOR IT TOO
@@candylide yeah, he totally fell for the scam that is NFT's
In all honesty I stopped following a lot of artists who decided to do NFTs. I guess with the artists in this case, he knows he fell for a scam and can't get out of it because his name is "tainted" in the real world. I've seen artists who made one NFT and lost clients and real work. They barely make a profit from their NFTs and no one with real money wants to hire them, it's a sad sad situation to be in.
"How much is this in... money?" Really sums it all up.
I remember my dad is trying to convince me to draw and sell my drawings as NFTs, good thing I refused
"NFTs are unique like the Mona Lisa and other art!" Except the other art looks good and makes people respect the craft. These bored apes look like early 2000s kids online avatar things with the same base model and swappable parts. Because they are, really...
As an artist, the nft caught my interest at first.. (again at first…) Some other artists I knew were trying it out to support themselves for college. Sad to see that cryptopunks and kitties were getting traction. I swear as soon as beeple sold his dailies that’s when shit hit the fan. And everything just went downhill with even more questionable art being ai generated spam and bored ape scamming not to mention the amount of art literally being stolen. It really isn’t a way to get support as an artist, the nft is just fools gold at this point. Sad that it actually used to have potential… Gotta get back to the good ol’ commissions.
I saw how bad NFTs affected digital artists on Devianart. A lot of their art was stolen, recoloured or distorted and sold as NFT. It was really sad to see some of my favourite artists no longer uploading their works because they were afraid of it being stolen :(
This is a day to celebrate, boys
4:10 *visible cringe*
I was watching a video about scp 914, a machine that can upgrade or downgrade anything put into it, where the channel took viewer suggestions and discussed what might happen. One suggestion was that they'd put an nft in and hope it came out as something of value.
I hope this serves as a reality check to every new investors who jumped into the hype without doing any research.
7:21 Animation error, the background doesn't change when it zooms out from him
I finally know what the Ape Family or whatever the fuck it's called reminds me of. It's like an average game of D&D. Everything is adlibbed, there are no take backs. Everyone remembers what you said and you have to roll with it. It's spontaneous and cringe half the time, yet is somehow still fun and keeps me coming back. The only difference is that D&D is FUN, not funny.
I still don’t understand NFTs. I know exactly what they are, but i don’t understand how it has much value. It’s kind of like how the US dollar’s value is determined by how much faith the people have in it, but with memes. who could’ve guessed that such a rock hard system would fizzle and die
Crypto will likely fall into the same territory as gold. It will have a myriad of practical uses for specialists but will ultimately be seen publicly as the default investment of the "the markets will crash, governments will collapse but I'll be safe and sound with my superior alternate currency/investment" types.
that's more or less the point of what bitcoin was trying to accomplish, so yes
Stores of value don't decrease by 70 percent in an afternoon. There is no use case for crypto that legacy systems don't do more efficiently. The only use case that is practical is dnm trading and they don't even use BTC for that anymore. They've moved onto XMR. Crypto is dead. It was a ponzi scheme from the beginning.
idk man everyone who says this can never name a single practical use, even the creator of NFTs says this is NOT what they were meant for and they are NOT coded to be whatever miracle everyone keeps making them out to be. it's just for money laundering at this point, they hold no intrinsic value
@@d_boneswish1296 I mean, you say that, but the great depression was literally caused by people all panic drawing their stocks out, and that was basically in one day that it started, shit can happen fast.
@@d_boneswish1296 Not defending crypto, just saying.
the Seth Green clips are actually pretty funny when you realize it's him walking around in a green man suit.
Epic moment for the environment and for everyone!
Ratio + yb better + nobody asked + this u 🤓🤓👨🏼💻👨🏼💻👶🏽
@@forgivezharion1261reverse ratio. why so rude on a positive comment?
@@forgivezharion1261 Bro you calling us a baby while u spamming like one Bozo + This U? 👶🏾👶🏾👶🏾
@@NEUTR0NDANCE its a bot
@@NEUTR0NDANCE its a bot, ignore it
There is only one person who still believes in NFT's.
Square Enix's CEO.
The amount of NPC's who fell for that shit and defended it 👌
Comedy gold