This one goes out to all the NFT bros who a few years ago said "enjoy being poor" to people who rightfully called NFts scams, who are now facing the music.

@GuyBehindAComputer

10 ай бұрын

Next should be those crypto bros.

@SnuSnuDungeon

10 ай бұрын

And they still have to pay taxes on them and all other forms of crypto

@hoze1235

10 ай бұрын

Pointing and laughing at them Was their utility

@JohnKobaRuddy

10 ай бұрын

​@@hoze1235and my way of staying sane. They deserve more and worse than being pointed at and ridiculed.

@jakerockznoodles

10 ай бұрын

A lot of these guys aren't the ones facing the music, but the people they suckered in. Most of the NFT bros knew it was a load of rubbish and were in it to make as much money before everyone else realised it too, and the whole thing collapsed. It's basically another speculator bubble, like many that have existed before, despite how many people have tried to convince us otherwise.

NFTs being worthless now? Imagine my shock 😂

@TheNewAgeCreater

10 ай бұрын

Bro, I forgot about that shit until today

@carlasejas5280

10 ай бұрын

NFT, now that’s a name I haven’t heard in a long time

@vengefulblade9866

10 ай бұрын

Now? They never were 😂

@42o45

10 ай бұрын

What is NFT?

@whatevr99

10 ай бұрын

Fry: “Well, not that shocked.”

“NFTs are worthless?!” Always have been.

NFTs depended on the premise that one day in the near future, someone would be willing to pay millions of dollars for a receipt just because it was associated with a jpeg so unique that there's no other jpeg just like it. It's like people looked at comic books, learned that some nerds are willing to pay insane amounts of money for rare issues, but were completely ignorant of one important factor. That these comic books are almost always older than most people on the internet. And because they're so old, it makes sense that there's only one or three issues in the world from the original print with the first time appearance of a beloved character that is still in pristine condition because it was never subjected to the greasy fingers of a child who bought the comic because they actually wanted to read it. It makes sense that this is something that would have value, in the form of bragging rights, to a community that has existed for half a lifetime. Nobody is going to be interested in a receipt of a jpeg that is only unique because it's a combination of 20 different parts put together from a list of 100 different items picked out by a random number generator on a website in 2020.

@tomlxyz

10 ай бұрын

One fundamental problem with NFTs always was that no one actually was interested in the product behind it, unlike with comic books. Another problem being that it has no legal meaning, so nothing actually worth owning was ever tied to NFTs

@Red-nw2yn

9 ай бұрын

Also Comic book have history behind it. The creator, their imagination, how their life history and hardwork and idea shape the comic he/she created. the comic story, how the comic character/icon born, the beautifull/amazing pages, how their story be inspiring other people etc etc. Meanwhile NFT is just Random Generated Picture which anyone can do by typing something on some aplication. Nothing special.

@Benevolent_sociopath

9 ай бұрын

Best part is that the jpeg doesn't have to be unique, you can have the same image in another chain 😅

@concept5631

9 ай бұрын

Action Comics #1, the first Superman comic, is the most expensive comic book ever printed and is valued at over $3 million today.

@mrjdgibbs

9 ай бұрын

I think NFTs could be very useful for like... A photographer for example. Once upon a time buying an original Ansel Adams could be an investment. Nfts could bring some of that back. But there has to be value in what's behind it.

I'm shocked it has taken this long for NFTs to go bust. Especially since its not real art and its not tangible. Its like games on an online service. Once its gone, so are the games

@webcap7653

10 ай бұрын

Not real art? What do you mean?

@flavio1243

10 ай бұрын

@@webcap7653 ah yes **takes screenshot** the most exquisit pngs

@jesusrivera2970

10 ай бұрын

@@webcap7653 bruhhh if you really think NFTs are art then I’m Mf Picasso 💀

@TheKotor2309

10 ай бұрын

Bruh, reality isn’t real.

@webcap7653

10 ай бұрын

It is still an actual drawing so it is still art. Might not be good art but art nontheless.

As a visual artist that received so many messages from people that asked me to make NFTs because "they wanted to support me as an artist" and saying no because there already was an easy way to support my work through buying prints, shirts, originals, whatever; the NFT market crashing makes me smile :)

@MuscleCarLover

10 ай бұрын

Hopefully the same happens to AI art. We're already seeing the new wave of AI dissolving

@GreatLordOz

10 ай бұрын

@@MuscleCarLover Heavily disagree with the AI art market collapsing. It has only been improving by the day and you can generate most things flawlessly. Hand crafted art is still better at this point in time but AI will slowly encroach until it is undistinguishable.

@SmoothRiker

10 ай бұрын

Some people called me dumb for not selling NFTs of my artwork. Imagine tainting your reputation for unethical short term gains. Can't be me.

@djspectrebolt8450

10 ай бұрын

​@@MuscleCarLover not really, people have kinda already seen what they wanted to see out of AI art so most people have moved on

@ivancar555

10 ай бұрын

@@MuscleCarLover AI art is speeding up and growing if anything

The people I feel sorry for are the middle aged and elderly people who listened to their nephews about investing and took everything their family members said to heart. They were ignorant and scammed. Anyone younger should have known better.

@evangelicalsnever-lie9792

9 ай бұрын

People are stupid, lazy and too trusting and vulnerable to gaslighting.

@bfg1836

9 ай бұрын

Got news for you. Most of us old farts looked at that nephew and wondered when he started smoking crack, and held onto our Berkshire Hathaway and SPY.

@MIDO44444

8 ай бұрын

@@bfg1836 it doesnt take tech knowledge to catch a scam haha

Remember when Jimmy Fallon and Paris Hilton promoted buying Bored Apes and got sued for not disclosing it was a paid ad? That is what I think of when I think of NFT's.

I love how Muta is holding the camera like this, it feels like he has his hands clasped on our necks while ranting about NFTs. Being held hostage by a man driven insane by the ramblings of the masses about NFTs.

@glickman69

10 ай бұрын

this is a beautiful comment my fellow gooner

@dianarune9704

10 ай бұрын

this is a beautiful reply

@pepinowhite5014

10 ай бұрын

Muta POV, now I’ve seen everything

@whamer100

10 ай бұрын

the dream

@linkesocke4533

10 ай бұрын

Good comment. But nfts weren't adopted by the masses. They were adopted by tons of nft bros, "get rich quick grifters" and a few companies, who all made a big fuss about them. But most people either didn't care about nfts or they hated them.

Square Enix must be proud of their NFT investments.

@poelmeister

10 ай бұрын

At least they can book it as intellectual property investments. Still dumb tho lol

@dexi6111

10 ай бұрын

capcon too.

@userabcdef6436

10 ай бұрын

I still can't believe that they sold off Tomb Raider and Deus Ex extremely cheaply just so they could get some cash to invest in NFTs 😂😂

@KryzysX

10 ай бұрын

lmao

@MeoithTheSecond

10 ай бұрын

@@KryzysX more like lmfao ;)

putting up an nft in a virtual mansion is the equivalent of me making my sims live their best lives while i’m depressed at home binge playing video games

@tomlxyz

10 ай бұрын

In sims you can at least choose what you do, an NFT is already premade

@im7254

9 ай бұрын

it's like selling a cell on your Google sheet next to a link, bytedata, or text and claiming your name in cell means you own whatever is next to it like your random ass cell on random ass Google sheet means anything vs any other. they are selling hyperlinks to images pretending nobody else can link to same website or claiming you magically own whatever you link too. they are pushing limits of reality trying to prove they have a negative iq

I do a bit of digital art as a hobby, and one of my uncles told me I should have gotten into making NFTs. I’m glad I didn’t because I’d be pissed if my art was worthless. I’d rather do commissions and get my money upfront

@ironboy3245

9 ай бұрын

Tell him that you'd prefer to not scam people

Hearing this made my month. Literally had a friend who stopped hanging out with my group because she wanted to focus on NFT with her new NFT buddies and that she wanted to focus on the future with her investments while we we not productive enough for her.

@akureshakni

10 ай бұрын

Sounds like a piece of work.

@chexgeam6598

10 ай бұрын

Out of curiosity l, what happened to that friend and their friends?

@jonathan0berg

10 ай бұрын

Cult behavior right there

@waddo9997

10 ай бұрын

U dodged a bullet.

@jonsoler3648

10 ай бұрын

She was never a friend in the first place then. She cut herself off of your life, that was actually really good for you.

Muta, there's another utility to NFTs that you failed to mention. In truth, they're very useful for identifying shady companies who glom onto them without a second thought. Sure, the value of NFTs is almost zero across the board, but that doesn't mean we shouldn't still point and laugh at Square Enix and Ubisoft.

@evannarendraangragani7508

10 ай бұрын

that's actually priceless

@DWN-020

10 ай бұрын

Go ahead and throw capcom in there, too.

@toeman4628

10 ай бұрын

​@@DWN-020damn fr Capcom fell for that scam too that's hilarious 😂.

@SkumleBones

10 ай бұрын

Im going to screenshot your NFT, keep it for myself and you cannot do nothing

@fallencyano9015

10 ай бұрын

put wildworks (the makers of animal jam) in there too

It is so refreshing seeing someone with a mature and realistic take on all this shit, especially in the GaMeR space where like so many others loudness and money go further than reason and logic. Great videos. Really enjoying the channel.

@DasAntiNaziBroetchen

9 ай бұрын

"Gamers" Found your problem.

Muda went complete Rambo on calling stupid people out 😂, being brutally honest is something most don't do nowadays. Thanks for being a genuine human being brother!

When NFT's were first booming i recall thinking "this seems ridiculous, but maybe there will be some value assigned to these tokens that will give them some kind of legitimate value" which i quickly realized was false, but the dirt on the coffin for me was the constant need for those promoting NFT'S to reassure everyone that "it isnt a scam". Always the true sign of a scam.

@andreibaciu7518

10 ай бұрын

>invent a useless asset >hype everyone to buy it so its short term value skyrockets >sell them and cash out >watch as the "investors" are left with a devalued asset literally how all these nfts and cryptos work. the only one that has some use is bitcoin because it's used for illegal shit and paranoid conspiracy types.

@lasskinn474

10 ай бұрын

the thing is that even if you did assign value like a house or a car to them, the owner can uncouple that ownership. legally the nft doesn't mean anything just the deed(rather the deed registry itself) for the car/house does. plus a nft can be lost so any use like real estate or cars or whatever would need to have a mechanism to move it to a different one.

10 ай бұрын

Did you mean 'nail in the coffin'?

@destructivecriticism3734

10 ай бұрын

@ nah, the nails were already in. I mean the dirt that goes on top when you bury the coffin. Doesn't get as much play as "nail in the coffin"

@soupcangaming662

10 ай бұрын

@@destructivecriticism3734 Interesting. Might use that later

I remember being in the NFT space and saw people painting their homes with images of their NFT’s. 100% they’re painted over and normal looking now

@tarwod1098

10 ай бұрын

😂🤣😂

@MarieKyriney

10 ай бұрын

Didnt those people realize that if they themselves can hang up their nft's or paint them over their walls, so can everybody else without buying the nft? 😂

@HorrorWorldx

10 ай бұрын

They the biggest clowns 🤡 🤣

@Born2Grind

10 ай бұрын

In today's day and age I'm surprised they could do that since it seems like everywhere in USA has an HOA now unless you're out in the country

@nignamedmutt7270

10 ай бұрын

​@@Born2GrindNot true at all. There's TONS of towns and cities with entire neighborhoods that won't have any HOA.

The Moon: NFTs should arrive here shortly. *The Earth: Ignore the moon, he rarely gets any visitors.*

I always thought that a sort of "free" blockchain like that pi thing wouldve been great for copyrighting for indies. No investment, barely any environmental impact just a timestamp that's confirmed by multiple devices that proves you were the first to share it. I hoped that could be a way to wrestle copyright away from large companies and stop some of that legal bullying.

@tomlxyz

10 ай бұрын

NFTs have already shown that "first to share it" is meaningless to ownership. Many art pieces got stolen from the original artists and made into an NFT. There's no actual ownership validation with Blockchain

Nfts were great. I bought a picture of a doge with a pink backround for 4.50$ and resold it for about 400$. That was my entire nft career 😂

@pold111

10 ай бұрын

salute to you for making money off of the dumb

@BevinEG

10 ай бұрын

You beat the idiots game then quit. [Salute]

@Mel0nCake404

10 ай бұрын

Based

@wrought-ironheroEMIYA

10 ай бұрын

Wtf??

@wthrz

10 ай бұрын

"Oh, I like this guy." -GLaDOS

When NFTs first came out, I actually thought I was being the stupid one for not understanding it. I just couldn't wrap my head around it, I never understood why people would spend their money on NFTs.

@caylarabdk8389

10 ай бұрын

something similar will happen again. probably in the crypto market, but not necessarily. the world economy is fucked up with big nosed bankers printing money whenever they want

@mettaursp309

10 ай бұрын

That's how the entire space is designed, not just NFTs. They're designed to baffle you and leave you wowed thinking "I don't understand it, but clearly there must be something there!". Issue is that if you have a computer science background and try looking into it from a practical angle you'll very quickly find that the tech not only doesn't live up to the manufactured hype and promises, but is actively detrimental. You throw out all the benefits of the traditional systems and you don't even get any benefits from it in return. Their biggest sin is removing the comp sci barrier of entry to understanding it and putting its uselessness up in front of the average joe's face in a way they can understand it.

@chanelt.3034

10 ай бұрын

Same, never could grasp what was being purchased.

@seliteguitarist3664

10 ай бұрын

It was all just money laundering and ways to scam people. Nothing more.

@hanifarroisimukhlis5989

10 ай бұрын

@@mettaursp309 Oh yeah, in cryptography you can't just accept a claim without mathematically prove it. Because for one, cryptography is brittle. Once you break one of the assumption, the entire protocol is broken. Let's say you mint an NFT, i could just mint another NFT with the exact same content. Unless you have another way of authenticating who is who, my NFT is just as valuable as yours. That simple flaw is so bafflingly simple, it's just never went into cryptobros skull. It's also why art theft is so easy with NFT. Another one, you can't 100% guarantee you can exchange coins between chains, because it's 2 different consensus (you can't merge consensus). To do that, you have to trust a third-party, which has to make sure the transaction is atomic (and take the loss if the value change interim, or if their valuation is wrong, etc).

NFT is spending money and hoping it magically generates into more money.

It’s amazing that they thought “original” digital files were gonna be worth something in the first place. Do us artists a favor y’all, and buy a commission if you have the money (and don’t talk them down) Edit: also, damn, I haven’t heard of NFTs in a hot minute. You know they fell off when I’m actively in the art community and forgot about them

I would feel sorry for these people losing their money onto this, but then I remember when they were calling us "idiots" for not getting NFTs as well. I remember the guy saying "have fun staying poor". Ubisoft saying NFTs are "the future of gaming". I remember people grabbing art made by someone else without permission and attempting to sell them as NFTs. I even remember a colleague bragging how he made five dollars in profits by selling one and how soon he won't need to work anymore as his NFT trading business will soon skyrocket and how smug he was about it. People were warning them this was a scam from the very beginning. These guys have spit on their faces and laughed instead.

@feIon

10 ай бұрын

bet ur still poor

@BriarPatchNyra

10 ай бұрын

@@feIonit’s you’re

@AJ91244756

10 ай бұрын

​@@BriarPatchNyralmao

@daughterphoenix

10 ай бұрын

i hope he bought a latte the day he quit so he could flaunt that newfound wealth to the boss on his way out

NFTs are the embodiment of the expression, "a fool and his money are soon parted". This was such a glorious trainwreck to watch.

@whatevr99

10 ай бұрын

What I wanna know is how the fool and his money actually got together in the first place.

@SelfProclaimedEmperor

10 ай бұрын

​@@whatevr99Daddy's inheritance

@whatevr99

10 ай бұрын

@@SelfProclaimedEmperor Yeah, that sounds about right. 😁

@The88shrimp

10 ай бұрын

A fool and his monkey

@cryptoj1073

7 ай бұрын

This comment section hasn't made any money in crypto/nfts & it shows. BTW crypto/nfts is just starting, still in the baby stages. People shouldn't speak on things they don't comprehend. Most people today are so lost on who controls the world & how it is all connected to crypto. You all are getting left behind

Great monologue! I dont know if you have any prepared notes but its amazing how you roll off your monologue in such an engaging way and nearly flawlessly.

This was the most foreseeable conclusion. People only bought nfts to sell it at a higher price. Once it gets too high you can’t sell it for profit which will tank the price. Absolute SHOCKER.

expecting skins from one game to fit into another is like expecting parts from your diesel truck to fit and work just fine in your gasoline racecar with zero tinkering

@machobrizzin2337

10 ай бұрын

More like using diesel parts for a battery operated snow blower.

@GhostkillerPlaysMC

10 ай бұрын

It will happen

@durshurrikun150

10 ай бұрын

They want to turn every game into asset flips. Because you know, mixing assets with no artistic consistency never results in a mess, right?

@tomlxyz

10 ай бұрын

I don't think most people understand that analogy.

@gino14

10 ай бұрын

We've had cross-game items come up in the industry every now and then. They're rare only because of the effort needed to model the item between the two engines, balance their stats and mechanics between the two games, and hash out licensing/copyright between the two studios. The idea of "transferring" the "ownership" of the item was the only part of this NFTs "solved," and that was already the easiest part of the problem.

NFTs have always from the beginning been an oxymoronic concept to me. It's literally the same thing as commissioning art from an artist except you want to flaunt it online without any water marks to prevent reuse. It's beyond idiotic and it's crazy (yet unsurprising) that people actually thought for a second that buying an image online that is publically displayed WITHOUT a water is going to mean they own that picture and no one else can.

@jacksonhopp2003

10 ай бұрын

And the fact that toy company’s like Hasbro and Mattel tried to sell them will never stop being sad.

@WhiteSupreme

10 ай бұрын

I was never able to wrap my head around NFTs. I don't understand where the prices come from or why anyone would want to pay the absurd prices for a picture or source code or whatever it is you're paying for. Most of the NFTs were trash drawings. Like the monkey ones. I don't understand how anyone would pay thousands for a reskinned picture of a monkey.

@thevigilant6884

10 ай бұрын

Digital Watermarking exists.

@ENCHANTMEN_

10 ай бұрын

Commissioning art from an artist is way better. You can get art customized to you, possibly featuring a character you created. In many ways, you can be said to actually "own" an image you commissioned more than you can some premade NFT.

@thevigilant6884

10 ай бұрын

@@ENCHANTMEN_ Or can you get an artist to commission an NFT and watch the value increase? Maybe sell it for more than you paid for it? You people are such close-minded NPCs. "KZreadr I like says something is stupid, then I agree it's stupid".

What always confused me was why so much money and popularity went into NFTs. When I was first told what an NFT was in response to hiking popularity, I was honestly so confused. I couldn't understand why so much money went into it and thought maybe there was some fundamental reasoning I couldn't comprehend because it had something to do with latest technology. I'm sort of glad to see the market normalize back to reality and to see that my initial reaction was accurate

@davidgzmn12345

6 ай бұрын

Easy, the popularity was all about the speculation and being able to make money selling it. People looking at this expecting some sort of tech related reasoning missed the points. Imagine you saw a new toaster come out and you see hundreds of people just buying them of Walmart for $20 and turning around and selling it for $20,000 or more, you would go buy some and sell them. Everyone was just trying to get a piece of that cake since they all saw that people were making money. Problem is the reason that they were selling because people thought they would sell for more, and there only so much you could climb before it collapsed.

@PhilipY

6 ай бұрын

@@davidgzmn12345 Yes, but a toaster has inherent value. I failed to see any inherent value in NFTs, and I'm not sure what caused the initial jump in prices of it, but after the initial jump(s), it seemed like people were reacting to the price hikes and hoping to claim a piece of the pie. Like, it's within the realm of collectibles and expensive art pieces, where there are people willing to spend a certain amount for certain things. But, NFT's were different in the sense that there was no history, no brand recognition, no famous ties, etc. Speculation I get. But why they chose to speculate in NFTs (before the price hikes) I don't really get. I'm sure most of the initial people who got into NFTs did it for the latest fad and not the money.

@TerminatorHIX

4 ай бұрын

That particular gold rush was kicked off by a crypto whale buying a collage of digital art for $69 million dollars.

Mutahar, you are a great source of honest and rational news and in a world today where manipulated and dishonest news is the norm.

For the NFT bros "Play stupid games, win stupid prizes."

As an artist I have never felt so vindicated about refusing to make NFTs despite everyone constantly begging me to. 😂

@Aenahea

10 ай бұрын

your loss. Couldve made money off losers

@stuartsmith1651

10 ай бұрын

If it's any consolation, I think it's an insult to artists to call the visual content of most NFT's 'art', anyway.

@Shyknit

10 ай бұрын

Eh, between you and the client you actually would have been the only one making the money tho, but morality wise I get feeling justified you didn't rip people off

@AliHamza-sv4ni

10 ай бұрын

i made them a few times , stopped in the middle then started again . money is money , whatever the client wants to do with their project afterwards is their headache . They normally pay more than the average client as well.

@sparkdrive2900

10 ай бұрын

We know you made at least some 😂😂😂😂

this video will age like a fine wine

I remember all of my friends going crazy about NFTs while i was saying it's biggest bs ever 😂😂😂

I loved how they constantly "what if"-ed until the bitter end but never delivered on anything, every project the creators vanished. Only game that had a product was The Sandbox and I worked with them previously, their entire project was a facade to appear high quality to investors but their product was held together by ducttape and bandaids

@oscarcacnio8418

10 ай бұрын

I remember playing The Sandbox before the whole NFT thing. Stopped for years because it kept crashing on my Tablet, and the Steam version never worked out for me. Imagine my surprise when, after all these years of not playing, I come back to see them shill NFTs.

@Wallychans

10 ай бұрын

NFT’s were only invented to shock the crypto market during its bull run. Governments and Hedge funds were behind it. It successfully deterred money from being invested in BTC, and instead retail bought NFT’s because their favorite Twitter celeb promoted it. Whole crypto market has been in shambles ever since. Successful psy op. So successful most people don’t even recognize it...

@JackFoxtrotEDM

10 ай бұрын

Is that the pixel-based 2D game thing that had God as the mascot? Or is this a different The Sandbox?

@joppemin

10 ай бұрын

@@JackFoxtrotEDM same company but they made a 3D voxel game instead

@beenokok529

10 ай бұрын

People have been selling NFT as a number goes up technology. There is no other value/Usages of NFT beside the hope of number going up.

I always found it bizarre how obsessed the mainstream was with NFTs all of a sudden in 2021….but most of these people ignored Bitcoin for over a decade.

@tarwod1098

10 ай бұрын

Mainstream media is always obsessed with everything that creates clicks. But to be fair - it was funny reading about this all the time with a bunch of 🍿🍿🍿

@mj-x4416

10 ай бұрын

As I remember it, Bitcoin became associated with sites like Silk Road and various dodgy activities fairly early on which tainted it's image, at least to some extent.

@tenraqs00

10 ай бұрын

Bitcoin for the longest was just seen as a shady way to transfer money between people, so the media didn’t really want to talk about the online criminal world brewing.

@smokelord2002

10 ай бұрын

Btc is a scam too tho....no matter how much you try to justify it as not being one. It makes 0 sense.

@Wallychans

10 ай бұрын

It’s called a “PSY OP”

The metaverse is nothing more then playing the sims but with a 500.00 head set

It's really sad that people are more willing to trust a random person on the internet or an influencer than they are to trust an actual financial advisor.

@jayo3074

4 ай бұрын

They can't afford a financial advisor

Love it when I see adoptable character designs with actual artistic value that are basically non blockchain nfts having more use and value than actual nfts

@Pipkiablo

10 ай бұрын

Not to mention the art is almost always infinitely better. I'd rather own cute art that I can commission more cute art of and help an artist pay their bills than a reject gross-out show monkey that no one wants to touch because it's so ugly.

@luazul_

10 ай бұрын

oh man, i miss seeing adoptable batches on deviantart when i was little, they were always so cute but i wasnt allowed to buy them 😭😭

@user-cu1uj6bl3r

10 ай бұрын

I literally make a living from adoptables. People make profile pages based on the characters, and their trade value goes up, rarely ever down.

@cryomaniac1366

10 ай бұрын

those are cute and are created by someone who genuinely wants to share their artistic talent with others while still making a profit, nfts are monkeys with funny hats and letters and numbers

@soogymoogi

10 ай бұрын

@@user-cu1uj6bl3r oh lucky you! I tried but was never able to make more than like 5 or 10 dollars off of one. I think my style is kinda eclectic lol. Do you have a toyhouse acct? And yeah i feel like some of my stuff is worth 20x a monkey png lol

Important note: most NFTs are not stored on the blockchain and the “receipt” you buy is just a link to where the picture is stored. It could be stored on a site like imgur and the landing page of the link can be changed when the actual storage owner feel like it. If the want to change your “bOrEd ApE” to an image of a turd, they very well could do just that

@deidyomega

10 ай бұрын

@@soundboardist That depends on the NFT. Take the trump collection. They dont point to an IPFS image, they point to trump's website. /1234.jpg right now is a picture of trump, but if that website goes down, then /1234.jpg points to... nothing. Not all nft images are backed using a link that can't mutate over time. TLDR: Just because a token isn't fungible, doesn't mean the underlying image isn't.

@edvinvare8347

10 ай бұрын

@@soundboardist if the link set in the contract is a redirect link, then the end page can be changed thus the picture changes as well. Otherwise if it is stored at your own local server, you can reroute the server to point to a different location on it. This could definitely be used for a scam/rugpull

@fomori2

10 ай бұрын

The receipt is just a receipt. At the end of the day there is no physical or digital object you own via an NFT. You simply own a unique receipt. The person that owns the object or image can SAY the owner of the receipt owns the object or image but without a contract that is not legally binding.

@tomlxyz

10 ай бұрын

​@@soundboardist the picture isn't the NFT but the picture is why people bought the NFT, no one cares about the NFT itself

@bobbyjonas2323

9 ай бұрын

@@deidyomegaIPFS isn’t permanent either.

There’s a sucker born every minute. Thank you PT Barnum!!! 😂😂😂😂😂😂😂😂😂😂😂

Well seeing so many channels support the sponsors for master works / art, I’m guessing NFTs are working well in that sense.

I remember when NFT's were first released, I thought about buying one. Then I remembered I'm not a fucking idiot 😂

@SMCwasTaken

10 ай бұрын

Thanks for not using the skull emoji You're a true gigachad for doing that

@AnarchoTak

10 ай бұрын

​@@SMCwasTaken💀

@thediddy6115

10 ай бұрын

@@SMCwasTaken 💀💀💀💀

@Iraq_is_a_stable_place

10 ай бұрын

​@@thediddy6115🪑🪑🪑🪑

Finally people are understanding what NFT's are actually worth.. I was in this exact same spot here 2-3 years ago, welcome.. glad you could make it! Sorry about your loss, but the world is better for it.

@unixtreme

10 ай бұрын

I mean most people were there.

@nathansmith1085

10 ай бұрын

Only the idiots with enough money to lose it did. Hopefully there weren't actual people living paycheck to paycheck saving up to buy those horrible ideas.

@Nogardtist

10 ай бұрын

took them almost 3 years

@NicitoStaAna

10 ай бұрын

Yes, market correcting themselves Imagine my shock. wow, didn't expect that

@MattExzy

10 ай бұрын

I remember the outrage from them when it was obvious one could just screenshot a bored ape. What a weird time.

The ending where you just laugh at these people was so funny

When NFTs were first explained to me, I was hopeful that it would lead to being able to resell digital games and music... it turns out that the publishers would rather just keep selling new "licenses" to let you temporarily play their games.

During the NFT fever I made hundreds of images for projects, I got paid for the images and I could not care less about the selling profits because none sold, I charged commercial use, I upgraded my machine, I cleared all my debts, I bought cool stuff for me, and the guys I made the projects just got in debt because they paid so much for the arts and the marketing that they got in trouble when the ETH sank. Lots of artists who came before me did the same and made even more money because everyone had wallets full to invest on the arts. I miss NFTs just because of this, it was a free farm of money for artists.

@tuwumuch

10 ай бұрын

Honestly artists need more demand like this to be paid.

@kiara6237

10 ай бұрын

@@tuwumuch I gonna wait for the next dumb trend to farm a little more.

@kiara6237

10 ай бұрын

I never scammed anyone, I offered my price, some accepted it, others not. It is how selling art works, specially for commercial use. @@jakefootball9402

@carlpanzram7081

10 ай бұрын

​@@tuwumuchwell, much like the value of a NFT is based entirely on the believe in the value of the NFT, the value of art is also entirely based on the believe in the value of the art. So, once artificially generated art will become more and more popular, digital art will probably loose most of its value fairly quickly. So any artist out here will soon experience what happened to NFTs first hand.

@tuwumuch

10 ай бұрын

@@carlpanzram7081 sad but true

Any artist that was sick of NFT bs these past few years can finally just embrace the joy of this.

I know you described them as “receipts”, but to be clear this is often literally the case. Block chains themselves are so bad at storing data that it is impractical to store the actual assets there, instead opting to point to traditional, accessible, and fallible servers

@Steve-YT383

6 ай бұрын

The amount of effort NFTBros go to hide their blockchain history. Bless Coffeezilla, KiraTV & Callum Upton !

That laugh at the end though😂😂😂

I once sold 2 NFT's on Opensea for about 80 bucks. It was crazy how someone bought that from me since it took me all of 2 min to make both. I know it's not much but I knew it was worthless when I made them and I am so glad to see this toxic fad fall apart like it should have. A fool and their money are easily parted

@Devj530

10 ай бұрын

I would've kept going tbh if it was that easy

@boneyardley

10 ай бұрын

So, you made good money and someone else got what they wanted? Wow, thank goodness that's ending. =P

@TriflingWhiteBoy

10 ай бұрын

@@boneyardleyI don’t think he got what he wanted in the end lol

@Daboy804

10 ай бұрын

@@TriflingWhiteBoyif he intentionally bought an NFT he wanted nothing to begin with.

@dysfunc121

10 ай бұрын

@@boneyardley Yeah, I think they wanted to flex that they sold something.

Whoever bought them are the dumbest people in the world. It was all just a scam from the start and people keep falling for it. Hopefully this NFT topic comes to an end, I was tired of it when it “blew up” and I’m tried of it now.

@okami-chan9772

10 ай бұрын

Scummy people love the prey on people's desperate need for money.

@Hath.0

10 ай бұрын

​@@okami-chan9772while that is true, some people have more money than brains. Most people who bought them did it for clout or to flex.

@Colddirector

10 ай бұрын

NFTs and crypto will probably stick around as a new medium for MLMs to operate IMO. But they will probably never blow up like they did in 2021 ever again. Crypto might have a chance but I kinda think it’s been tarnished by SBF/FTX for normal people to trust it.

@JohnKobaRuddy

10 ай бұрын

​@@okami-chan9772the desperate people themselves are often scum too.

@privateinformation2960

10 ай бұрын

Crypto is not worth shit. Never was, never will. It's not backed by anything. Its sole value is what a bunch of internet people who have your money claim it is, until too many people want their physical fiat currency back.

I was more “shocked” that people bought into this in the first place. The very first time I first heard about NFTs I said, “well that is stupid and a waste of money”

The deed scenario is even worse than you've described here. It would be like keeping your deed in your mailbox, and simply opening a random letter someone dropped into your mailbox gives that person permission to reach in and grab the deed, and now it's legally theirs because that's how the system works.

If you want an actually cool pfp that supports artists, commission an artist you like to draw a unique one for you on commission. It's a damn sight cheaper than any of this NFT BS, and you actually get something hand-crafted to your preferences. Better yet, you actually end up "owning" the image for real (most of these NFTs you don't even legally "own" the image, you just own the token!)

@Colddirector

10 ай бұрын

Yeah if nothing else this whole NFT fiasco has made me appreciate commission artists. They do good work

@Patchesy

10 ай бұрын

True, instead of buying overly priced shit you won't even own, why not just commission an artist for far cheaper? Support an artist.

@total_epicness6776

10 ай бұрын

NFTs were the worst for artists since it made stealing worse and opportunist assholes either scammed artists into pouring dozens of hours of worm into NFTs to steal the money and commission or pay them garbage and pocket 90%

@kbhasi

10 ай бұрын

I agree. Not all indie artists do it, not all of them do it all the time, it depends on their schedule, and indie artists usually only do it for non-commercial use (like what you pictured) with prices listed, some (usually big-name artists) only do it for commercial use with no prices listed (instead more like 'contact us for pricing' that B2B companies often do), and I seem to recall that some do both non-commercial and commercial licencing for their commissions but I may be wrong. Edit: I had also remembered that I've been too busy to work on my own art, including model sheets for some characters I had been working on as well as drawing myself. I often see users (or teams at companies in the case of commercial commissions) handing in model sheets to artists they commission to help them with art direction. Some artists even include basic model sheet creation as part of their commissions.

@db5094

10 ай бұрын

Thats a really good recommendation.

NFTs are like having a tickets to a show but then you try and sell those tickets long after the concert is over, and it's available for anyone to see online at anytime anyway

@miciso666

10 ай бұрын

Its more like amiibos

@irarelyupload6930

10 ай бұрын

At least amiibos look cool on a shelf.

@jimcable9689

10 ай бұрын

As I pointed out; If you want nft's to have value, make some baised on characters you have copyright/ trademark to, sell them to someone who will use them in media, sue them, and LOSE the lawsuit. It only takes 4 casses, to make consistent case law in a state court, which, is really all most judges look at, if it exists. Do this in places like Florida or California, and, the ken penders sonic character / Disney nft's, will allow enough new, popular media to surface, to jump start the global economy, while making nft investors/ leasers, a pretty good passive income. : )

"Don't bring up tectonic plates to me" Jesus I love Muta.

How muta put this video together makes me feel like he gonna sell me His NFT at the end of the video. (Lmao)

I ended up buying 800 dollars worth of reddit nfts when they first came out, sold them a couple months later for 6k. Dear god I feel lucky.

@maddieb.4282

10 ай бұрын

You may have been one of the only people to actually make a profit off of it haha

@carlpanzram7081

10 ай бұрын

​@@maddieb.4282a ton of people made a lot of profit on it. It was a legitimate crypto currency. Its like a fashion trend. If a certain kind of jeans is really popular, and you decide to buy like 10.000 of them, and then you sell them for a profit, but after that they loose popularity, some poor Schmuck now owns a worthless pair of pants, while you made a bunch of money. If NFTs would have stayed popular, which they maybe would have if the crypto currency market wouldn't be so ridiculously overinflated already, then they would continue to be a valid currency and value asset. The value of a currency is entirely based on if people believe in the value of that currency.

@Edgebotv4

10 ай бұрын

nice play ~

@zuglymonster

10 ай бұрын

Hahaha as of yesterday Reddit was still selling them as custom snoos. Like I took the free ones just for the customized snoo, I didn't even acknowledge it being an NFT

@vn8600

10 ай бұрын

did you get a1099? cuz that shit is taxable

My only regret is that I didn't scam idiots out of money myself, I know one guy that made one in MS paint as a joke and someone unironically paid him 500$ for it

I haven't grinned this hard at other people's misfortune in a while lol.

Mutahar has the most contagious laugh, I could not stop laughing when he was😂😂😂

Ita funny until you realize an absolutely massive amount of carbon was dumped into the atmosphere for worthless receipts.

I've always explained this to my family and friends. It's like beanie babies, but at the end of it, you'll have a permanent internet record of you being a dumbass, instead of a pile of cute plush animals to give to your kids, grandkids, nieces, etc, and a funny story to tell about the halcyon days of decades ago.

@aeoligarlic4024

10 ай бұрын

At least beany babies are cute and worth something

10 ай бұрын

​@@aeoligarlic4024and are tangible.

When the NFTs were cool, I was contacted by many companies to allow them to sponsor my videos. These were scams from the very start.

There were a few people at work that were looked at as crazy when we were questioning the use and purpose of nfts about three years ago. Those thst called us crazy have been really quiet for a while now

When I was told about NFTs by a friend who was all hyped about it, my mind went immediately to the "If it's too good to be true, it probably isn't" mindset. Seems like I rolled a 20 on my Insight check.

@Rkay421

10 ай бұрын

Yeah I have always held to the mindset if something sounds to good to be true 99% it is so do research before you commit

@AnimatedStoriesWorldwide

10 ай бұрын

if NFTs seemed "too good to be true" to you, you also rolled a 20 on your gullibility check...

@lilthreadd

10 ай бұрын

​@@AnimatedStoriesWorldwide? xD

@anthonymacgregor9790

10 ай бұрын

@@AnimatedStoriesWorldwide how where they gullible when the its too good to be true mentality saved them form losing money

@TheGoodLuc

9 ай бұрын

Genre savvy.

NFTs was the digital equivalent of the beanie baby bust in the 2000s.

@1beatcher

10 ай бұрын

I completely forgot beanie babies was a thing

*South Park Goth Kid:* "I'm soooo.... Freakin".... Shocked...."

When NFTs came out, I was like, yeah I'll wait this one out. 😂

Not to shit at our crypto bros But buying Jpegs for huge amounts of money like they are freaking pokemon cards and then go Pikachu face when they tank their value is just too funny to not laugh at

I was actually stupid enough to buy some when it all started back in 2020/2021. I didn't spend a whole lot on them but the fact that I did spend anything at all is baffling to me now.

@jimcable9689

10 ай бұрын

Well, you can get the value back, with the right mailing addresses and lawyers. I commented it a few seconds ago in full , but, it basically goes like this; Make some nft's of characters YOU own and copyright, sell them to someone who will use them in some form of media, sue them for there use, and lose the case on purpose. Congrats; you just created one of the first 4 case law examples needed, to prove an nft grants a non licensable right, to use or commission use of the character shown in the art. All judges care about is case law. Just rinse and repeat, and, pretty soon, you'll pretty much be able to restart the global economy solely based on the new media and merchandise, like you hit it with an adrenaline needle from pulp fiction. : )

@soupcangaming662

10 ай бұрын

@@jimcable9689 and then go bankrupt. worth!

@WeebJail

10 ай бұрын

​@@jimcable9689i dont think that's how this works lmao, even if you were insane enough to do this this wouldn't magically grant nfts copyright status lol

@kidd32888

10 ай бұрын

I hope you didn't spend a lot. We all do stupid things in our life and lessons learned

@joelman1989

10 ай бұрын

Were you young? I’ve done some cringy stuff in my youth I look back on and it keeps me up at night sometimes lol. But at least you’re wiser now.

*REMEMBER WHEN CRYPTO BRO's* were telling us WE were the ones that didnt get it...? We just didn't understand the block chaininess of the NFTism

"Dont bring tectonic plates up to me. Lets not get technical.". 😂😂🤣

Some people seriously didn't see this coming? YIKES. Literally my entire response to NFTs was "Right click -> Save image as..." This NFT stuff is completely unbelievable. If you wanna take your chances at an unreliable medium of gaining money, just stick to a $2 or $5 scratch ticket every once in a blue moon idk I'm too shocked to get all of my "omg WHYYYYY" into words.

@Bestow3000

10 ай бұрын

Can't argue with logic against these brainlets.

@JohnKobaRuddy

10 ай бұрын

Had a man round here in the summer selling magic mushrooms chocolates with the NFT monkey on it. Didn't pay a penny towards it. Another right click, save image as, solution.

it's actually worse than that: they don't even own the digital asset: they just own a link, a string of character thatpoint toward a picture. not the picture itself

@Gormezzz

10 ай бұрын

That's not how the blockchain works

@evangaming7447

10 ай бұрын

it is 💀@@Gormezzz

@galacsinhajto

10 ай бұрын

​@@GormezzzIs it a simplified explanation? Kind of. Does it capture the gist of the thing? Yes.

@Gormezzz

10 ай бұрын

@@galacsinhajto true. It would be cool if everyone understood the blockchain though.

@feIon

10 ай бұрын

this isn't always the case, it's just what most people believe to be true

Lmao, love this vid. Since NFT's came out, I called it "the stupid people tax", and have been right ever since

There was never a time when I said to myself "I totally understand the logical existence of NFTs and Bitcoin and therefore I will invest in it".

Muta implying that NFT’s were worth something in the first place.

We need a wall of shame for every celebrity that advertised NFTs not too long ago.

Nice I wish it was possible to short them (aside from rugpulling) because I saw this coming from the start lmfao.

Even if you could buy something like a skin and move it from game to game, you don't need an NFT or blockchain to keep track of its ownership, and likely gaming companies wouldn't use that sort of technology to do such a thing, instead trusting a centralized authority (i.e. a bank, just one for skins) to handle the verification/authorization process.

I have actual respect to anyone who Sold an NFT. Made some serious cash off something cheaper then bottled air.

@hoze1235

10 ай бұрын

The power of hype

@thatsalot3577

10 ай бұрын

They still has to pay influencers a few grands to promote it on Twitter but still very very cheap

@ConfusionCrew

10 ай бұрын

why respect con artists and charlatans

@PurPurAstie

10 ай бұрын

to be fair bottled air is actually worth something and is being used to be bought as a joke/present "for people that don't need anything"(as they market it as) though still costing money, at least for the plastic bottle itself

@Flameancer

10 ай бұрын

Sometimes I wish I had no moral qualms about scamming people. Seems so easy to make money these days.

NFTs always struck me as a tool in search of utility, a solution in search of a problem. In the end, there was no reason at all for them to exist

@feIon

10 ай бұрын

this is basically how most products are originally created lmao

@sleeplessdev7204

10 ай бұрын

@@feIon That's not true at all. Most products are created to fill an identified need in the market. Some products are accidentally created, and then people realize it has properties that fill a market need or are otherwise useful. And then there's products like NFTs that are created because it sounds cool and seems like it might maybe somehow be useful. Very few successful products are created this way.

@ogge8375

10 ай бұрын

I mean I see a possible purpose in NFTs by using them as an alternative life time membership, so you have them bound to the blockchain instead of an account and have them transferable through that. Which while technically being possible using conventional methods can be a good way to make memberships more open and transferable. However their utility has to be guaranteed and it should be a company big enough to support it.

@ogge8375

10 ай бұрын

Or you could use them as an alternative ownership/share document, so instead of using regular stocks having an NFT function of one and giving shareholder benefits. Of course legal framework is necessary here as well.

@carlpanzram7081

10 ай бұрын

​@@ogge8375isn't that just the concept of the block chain as a Distributed ledger?

Glad I never invested in any NFT. I knew it was a waste of money and time 😂

Your title still works without the qualifiers, "almost" and "now".

I don’t often enjoy other people’s misery but oh boy I love this.

Imagine yugioh but every single character is the dark magician with different hats, colors, and expressions.

@kphaxx

10 ай бұрын

Holy shit, take my ether!

Corridor Digital's video on Beeple and NFTs was the first time i had ever even heard of NFTs And just the way they were all talking about it and hyping it up as this new way for artist to sell something without actually giving anything to the client, and retaining the full rights to prevent the client from using that art how they want I knew this shit was useless And watching Beeple get all giddy and excited i knew there was a grift of some sort going on that he knew about and we didn't, especially with how proud he was of the millions he had made selling nothing to people

Clearly and honestly put - well done sir!

I’m glad I listened to you and didn’t go with the trends! Thanks for saving me Muta, cuz a few people I know lost lots of money on this garbage.

If you wanna own a piece of art, become an artist.

@Colddirector

10 ай бұрын

or commission a real artist. pretty sure you legally own whatever they make for you

Didn't know "The Emperor's New Clothes" could still be so relevant up to this day.

How do you reach the top cabinets in your kitchen ?

I still remember that one group that essentially was using them as a bonus for going to an event, like it was those little drawings done at free comic book day events, but digitally, and it didn't cost extra or anything, that was honestly the only good usage I've heard of. They were just doodling monkeys as a bonus for going to the event, that's actually fair enough, they weren't meant to hold value except to the recipient.

@CainXVII

10 ай бұрын

My mom got an NFT as part of an art project, you went to a website and made a screenshot of a moving 3D object and it was made an NFT for you. Pretty cute.

As someone with subtle knowledge in gamemaking and a lot of rigging/modelling knowledge I can easily tell that you cant simply drag and swap a model into another game. Different games EVEN ON THE SAME ENGINE might work completely differently unless they use the same unified rigging system for said engine. Various games, especially on the unity engine requires modification of models if you would like to move them over to a different game. You would have to rename bonestructures, redo animations probably. So yes. Blockchains wouldnt really make this completely doable. And then there are copyright problems. If these models where frequently shared around there would be even more ripped models floating around the internet than there is already. It would require the full co-operation of every game and for every studio to join up to have teams dedicated into porting models and assets over for the pure reason they are tied to an NFT someone would "like to use" in the different game.

@ThinBear4

10 ай бұрын

If anything, blockchain would probably make this whole thing *even harder to do,* because on top of everything you've described one would also have to attach the whole blockchain system to actually manage the model/skin migrations based on NFT ownership. But (purely hypothetically) if we already had such a wonderful coordination between multiple companies and model/texture cross-compatibility infrastructure between several games and/or game engines, why do we even need blockchains at all in this equation to begin with?

@RealValkor

10 ай бұрын

And as a game developer I can confirm that you'd have to make each item from the ground up.

@L7Fx

9 ай бұрын

Obviously you're not just going to move the NFT to another random game and expect it to work. a designer or programmer will still need to implement the NFT and create a representation of its metadata within their own game for it to actually be usable between different games. you might have an NFT of a banana in one game, but when you move it to another game, that NFT meta data could be represented as a machine gun in that game. someone will still need to do the work to create an item out of the actual NFT. but the beauty of the world of cryptocurrency that 99% of people are too stupid to realize the importance of, is the fact that it is permissionless. you dont need authorization from anyone to participate in the development of a project. you can utilize the assests how you see fit. no one will be able to tell you not to make something a certain way. once the infrastructure is actually built up and the first few games pop up with full crypto capability, people will actually begin to understand what permissionless and open source actually means. the NFT is NOT just some picture. the "picture" is just a URL that was saved in the metadata that represents it. It's literally the least I'important aspect of an NFT. what an NFT ACTUALLY is, is a token on a ledger that has every transaction and movement of it recorded. what that token is is totally limitless. it can be anything you want it to be as long as someone is able to code it to behave however they want in whatever environment they want. an NFT cannot exist outside of a blockchain.

@dargonfrot

9 ай бұрын

@@L7Fxfound the incel

@bigchungus6827

5 ай бұрын

@@L7Fx 1. What would that accomplish to be interesting to players? 2. What reason would a developer have to want to spend time implementing that? 3. What stops a developer or anyone involved in that chain of command from at any point deciding that what your NFT links to is now either worthless or removed from the game outright?

I actually liked the idea of nfts, that you can buy something in one game and use it in another. I also like the idea Pokemon being able to catch a bear like creature and raise it and become friends but just like NFTs once reality hits it all comes crumbling down.

@blenderpanzi

3 ай бұрын

I could have told you that that would never happen. How would that even work? Every game has to reimplement all the items of every other game? Even if that would be feasible, why would a game developer do that? Give people an incentive to leave? Also why would you need an NFT for that? The billing is literally the easiest part in making items usable cross games.

@yalhexander5641

3 ай бұрын

@@blenderpanzi Ya it would need to be something like ready player one where for some reason every ip trusts a single game to handle it all. Then again it isn't too crazy looking at fortnite lol

@blenderpanzi

3 ай бұрын

@@yalhexander5641 You can bet that there is a lot of real money changing hands for all the fortnight stuff. The NFT game item ideas would have been that a player buys something once and then without more money changing hands can use it in other games. So it would be a lot of effort by the game companies for which they get no more money. Meanwhile in reality game companies want you to pay to be able to play the same old games on new consoles. Again and again. They want you to pay subscriptions every month, not buy something once and then use it in any game for the rest of time.

@elin111

2 ай бұрын

That supposed idea was nothing more than the vague BS that crypto bros fed you to trick you into wasting your money into useless junk that does nothing.

Buying an NFT was like bidding on a preorder for an ultra hyped game that was never released and you can't get a refund