I think I get it now. An NFT just proves that you have an exclusive right to a specific piece of information. What that right is, depends on the details of the NFT itself. It really is just a token, like a signature, stamp or seal. It's value depends on what the token signifies.
It is more complex but it is close. it is more less than u think. Most of the NFT's are just a link to the art what is stored on a server which you have no access to. I mean you can watch the image but you can't download it . It is like you buy a house but u may not live in the House. You may drive to the house and watch it only . What do u think, do u own the House or not if you can't even enter the house? The only thing what you own is just a link to the art not more not less. It isn't even unique cuz anybody who have access to the image can replace it and one day if you want to watch your "unique" masterpiece you will notice the art is gone. Why because u was never the owner of that art only the owner of the hyperlink...funny isn't it :-)
So wat if i make an nft based on an anime character, say like goku with variations in hair on a different base like may be on a zebra or a lion.. Can that result in a copyright issue?
Yes I believe so unless you drastically change the design of the character, but I think the amount you would have to change him he would basically look unrecognisable
@@joesherry6732 As much as I hate this moronic new fad, wouldn't it be considered a parody? I'm pretty sure you can't get sued for putting Goku hair and Goku's outfit on a cat you drew then selling it.
@@rizzcs6018 that's what I was saying, you need to drastically change the look of the character, but if you wanna sell a picture of a cat with goku hair it's up to the creators of goku if they wanna try and come after you or not
I watched 3 other videos on what NFTs are and did not get it. I got the sense that it was related to copyright law somehow, but none of the other videos went into that topic. This video did, and I was able to finally understand what NFTs are. Thank you.
One question, what about if I want to do an NFT with jerseys of NBA for example, is that possible or the NBA can reclaim they rights and proceed legally?
No, no, no, no, this is sooooo simple and explanations are soooooooo wrong. From my understanding of NFTs (and I have only just realized/worked out what I think they are) NOTHING is transfered when selling/buying an NFT, apart from a coin etc. ASSOCIATED with the artwork (thus making the coin/token non-fungible, ie it's association makes it different from other coins/tokens). So as an analogy it is like if say a famous artist creates a piece of art in his house and he documents this by videoing himself creating it in said house so that everyone knows he created it in that house (and to simplify the matter and make it an even closer analogy to NFTs, let's say the artwork was digital and so there is no "original" to sell etc.). This associates the house with the artist/artwork. Now, in terms of NFTs, it is any associated increase in value of the house by this association that is being sold when the house is sold on top of the basic normal price of the house, it does NOT mean the artwork is transfered to the new owner by virtue of them buying the house; the artist can still sell copiesof this artwork, pr chose not to, he can still sell the IP (copyright etc.) of the artwork to anyone, or chose not to and to retain his IP homself. Likewise, just because someone buys a coin associated with an artwork (by virtue of the coin having the artwork data added to the transaction of it in the blockchain) does not mean they have any ownership AT ALL of the artwork, just bragging rights that that coin was transferred by the artist on the blockchain with the artwork data added to it. The NFT buyer no more owns the artwork associated with it than the house buyer owns the artwork associated with it. Yes, houses Van Gogh lived in, for example, will be worth much more than they otherwise would be, but any purchaser of said properties does not therefore own by virtue of buying the property, any Van Gogh artworks. I hope this makes it clear
![[#2024MAMA] BIGBANG (빅뱅) - 뱅뱅뱅 (BANG BANG BANG) + FANTASTIC BABY | Mnet 241123 방송](http://i.ytimg.com/vi/EQsYfiPR9uM/mqdefault.jpg)
NFTs are the new money laundering method
It makes it very easy to Ponzi
That’s what it sounds like
I think I get it now. An NFT just proves that you have an exclusive right to a specific piece of information. What that right is, depends on the details of the NFT itself. It really is just a token, like a signature, stamp or seal. It's value depends on what the token signifies.
It is more complex but it is close. it is more less than u think. Most of the NFT's are just a link to the art what is stored on a server which you have no access to. I mean you can watch the image but you can't download it . It is like you buy a house but u may not live in the House. You may drive to the house and watch it only . What do u think, do u own the House or not if you can't even enter the house?
The only thing what you own is just a link to the art not more not less. It isn't even unique cuz anybody who have access to the image can replace it and one day if you want to watch your "unique" masterpiece you will notice the art is gone. Why because u was never the owner of that art only the owner of the hyperlink...funny isn't it :-)
So wat if i make an nft based on an anime character, say like goku with variations in hair on a different base like may be on a zebra or a lion.. Can that result in a copyright issue?
Yes I believe so unless you drastically change the design of the character, but I think the amount you would have to change him he would basically look unrecognisable
@@joesherry6732 As much as I hate this moronic new fad, wouldn't it be considered a parody? I'm pretty sure you can't get sued for putting Goku hair and Goku's outfit on a cat you drew then selling it.
@@rizzcs6018 that's what I was saying, you need to drastically change the look of the character, but if you wanna sell a picture of a cat with goku hair it's up to the creators of goku if they wanna try and come after you or not
I watched 3 other videos on what NFTs are and did not get it. I got the sense that it was related to copyright law somehow, but none of the other videos went into that topic. This video did, and I was able to finally understand what NFTs are. Thank you.
If you make a drawing from like batman you risk everything else in fan art laws.
One question, what about if I want to do an NFT with jerseys of NBA for example, is that possible or the NBA can reclaim they rights and proceed legally?
What if the artist passed away to get the license?
if I make a 3d model of some expensive exhibit that is stored in the museum, can I sell it as NFT or not?
You can download them for free at the smitsonian website.
@@ebe-hero7052 meaning there will be copyright issues? because this object is in the museum and I made a 3d copy?
Good quality content. Very informative
No, no, no, no, this is sooooo simple and explanations are soooooooo wrong. From my understanding of NFTs (and I have only just realized/worked out what I think they are) NOTHING is transfered when selling/buying an NFT, apart from a coin etc. ASSOCIATED with the artwork (thus making the coin/token non-fungible, ie it's association makes it different from other coins/tokens). So as an analogy it is like if say a famous artist creates a piece of art in his house and he documents this by videoing himself creating it in said house so that everyone knows he created it in that house (and to simplify the matter and make it an even closer analogy to NFTs, let's say the artwork was digital and so there is no "original" to sell etc.). This associates the house with the artist/artwork. Now, in terms of NFTs, it is any associated increase in value of the house by this association that is being sold when the house is sold on top of the basic normal price of the house, it does NOT mean the artwork is transfered to the new owner by virtue of them buying the house; the artist can still sell copiesof this artwork, pr chose not to, he can still sell the IP (copyright etc.) of the artwork to anyone, or chose not to and to retain his IP homself. Likewise, just because someone buys a coin associated with an artwork (by virtue of the coin having the artwork data added to the transaction of it in the blockchain) does not mean they have any ownership AT ALL of the artwork, just bragging rights that that coin was transferred by the artist on the blockchain with the artwork data added to it. The NFT buyer no more owns the artwork associated with it than the house buyer owns the artwork associated with it.
Yes, houses Van Gogh lived in, for example, will be worth much more than they otherwise would be, but any purchaser of said properties does not therefore own by virtue of buying the property, any Van Gogh artworks.
I hope this makes it clear