The case for NFTs

NFTs have attracted quite a bit of heat lately, and only some of that is deserved. It's not about getting rich, but it is about money.
Chapters
0:00 How Art Became Free
3:46 The Paywall
5:10 The Case For NFTs
9:47 The Three Types of NFT Buyers
12:47 The Case Against NFTs
16:16 The Next 3-5 Years of NFTs
18:00 The Donut?
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Пікірлер: 4 000

  • @tentaculartaku4827
    @tentaculartaku48278 ай бұрын

    This video gets funnier and funnier the more NFT value drops.

  • @GiJoe94

    @GiJoe94

    7 ай бұрын

    Wdym we made so much money from our art

  • @FourthDerivative

    @FourthDerivative

    7 ай бұрын

    @@GiJoe94 Who's "we"?

  • @LinkRammer

    @LinkRammer

    5 ай бұрын

    The Wii (/wiː/ WEE; also known as the Nintendo Wii) is a video game home console made by Nintendo.[22] It first came out on November 19, 2006, in North America. It plays video games made just for the Wii. The original model also plays games for the Nintendo GameCube.[22] It was succeeded by the Wii U on November 18, 2012 which can play and use all Wii games and controllers. With over 101 million units sold, the Wii is Nintendo's second-highest-selling home console, after the Nintendo Switch.[23] The original Wii and Wii Family Edition were discontinued on October 21, 2013, although the Wii Mini was still in production until November 13, 2017. The Wii received positive reviews.

  • @datanerden1057

    @datanerden1057

    4 ай бұрын

    ​@@GiJoe94If you are talking about the donut collab, he donated it all to Blender!

  • @elysahatestostudy9364
    @elysahatestostudy93642 жыл бұрын

    The phone example is so poor. The phone was a proper product, while with NFTs or MLMs the point is explicitly to sell it off to a bigger fool. You do not resell your phone and nobody ever made an argument against social networking to get a product or business started which is what you somehow framed as the problem with MLMs.

  • @BrooksBoyd426

    @BrooksBoyd426

    2 жыл бұрын

    "with NFTs ... the point is explicitly to sell it off to a bigger fool" That might be the thought process of some users of NFTs, but not the thought process of all, nor the intent of many projects using NFT technologies. Similar to a venue selling event tickets, some users might buy the tickets hoping to sell them to a "bigger fool" (ticket scalper), but that's not the point of the ticket, and not the goal of most users who buy a ticket. "Ticket scalping" is often looked down upon as a bad behavior, and the same is true of attempting price manipulation of NFT-using projects to make a profit. Yes it happens, but it's not the only activity happening in the space, and not the only type of "NFT users" out there.

  • @asaxena9921

    @asaxena9921

    2 жыл бұрын

    It's just a false equivalence fallacy, in actuality there's a heap of difference between phones and NFTs, BG seems to have only mention the one similarity he noticed.

  • @ThemisadventuresofLu
    @ThemisadventuresofLu2 жыл бұрын

    I appreciate the comment section. You guys make me feel sane 💀

  • @TrifectShow

    @TrifectShow

    2 жыл бұрын

    I'm not so you're the sane one... But maybe you are? I dunno, like you can disagree but I've seen some pretty nasty comments on this video. You can express your contempt more kindly, but go-off I guess

  • @superchroma

    @superchroma

    2 жыл бұрын

    @@TrifectShow people have had more than enough time to legitimize crypto and instead made a fractal hell of ponzi scams intended to build hype and steal money from rubes. The hate is earned.

  • @0ctothorp
    @0ctothorp2 жыл бұрын

    This just feels really... bad to me, I'm not angry about this I just feel kinda sad about it. It's like somebody I know got REALLY into beanie babies at the tail end of things and they're advocating that I should buy into them after somebody already lost 2.8 million buying one up at an auction and trying to sell it again. What's sad is that after all is said and done and when the last people to sell NFTs have sold them, whoever is left with them just kinda has a worthless link to somebody else's server that isn't likely to stay up once people stop thinking you can re-sell an NFT for more than you bought it for.

  • @roselightmoon
    @roselightmoon2 жыл бұрын

    I was on the NFT market as a digital artist last year when it all more or less launched. I no longer am. The reason being is that the NFT marketplace has turned from a way of selling your art to simply becoming a speculative market aiming at maximizing crypto profit. I don't see a lot of people actually buying NFTs because they like the art or the artist. Edit: whoa, I did not expect this many responses. Edit #2: I am now having a Donut for every 100th notification on this comment.

  • @4nlimited3dition_4n3d

    @4nlimited3dition_4n3d

    2 жыл бұрын

    That is simply how crypto works. A global decentralized gambling platform, with occasional money laundering and ransomware processing.

  • @imyourmaster77

    @imyourmaster77

    2 жыл бұрын

    Definitely, but at the same time, modern art if full of the same problems, and has been for hundreths of years. So, I think NFTs are here to stay and you should buy or stay away based only on your convictions.

  • @InnuendoXP

    @InnuendoXP

    2 жыл бұрын

    Yep, and it's not like it's preventing art theft, it's just created a fresh outlet for profiting from copyright infringement. Commissioning art & purchasing prints has always been an option, but it's very tricky when digital. People have no problem paying for products & services, but they generally seem to have a real issue with paying for media itself. NFTs aren't changing that dynamic at all.

  • @BT-su1yf

    @BT-su1yf

    2 жыл бұрын

    The "fine art/modern art" scene has been mostly about speculation for decades now. I see NFT's as simply an extension of this. Nearly every NFT art piece I've seen thus far has been absolute trash, most of it is randomly cobbled together from premade smaller art assets, in order to make hundreds or thousands of them. The reason that an artist needs to make thousands of small artworks is to make them collectible. If you want to sell an NFT that you worked hard on and put a lot of love into, good luck. Ain't gonna happen, unless you're already well-established and known. This idea of quickly and efficiently making lots of low-effort "artworks" that sell for high amounts is something that modern art has been doing for a long time. How many times have you gone into a modern art gallery and thought "it looks like the artist put no effort into this, I could make this"? It's because it's a scam for speculators, just like the NFT market. The art has little to no intrinsic value, and the buyer has no particular attachment or love for what they're buying. They're simply buying it because they think, in the future, someone else will want to buy it for more as the artist gets more popular and sells more of their work.

  • @-The-Darkside

    @-The-Darkside

    2 жыл бұрын

    @@UsernamesHandle then you simply don't support those entities

  • @Jeff_isAverage
    @Jeff_isAverage2 жыл бұрын

    This really feels like when your favorite comedian becomes a politician

  • @StudioKelpie1993

    @StudioKelpie1993

    Жыл бұрын

    Yeah, and he is desperate to make NFTs look good

  • @deletedddddddddd

    @deletedddddddddd

    Жыл бұрын

    yeah, it is so disappointing....

  • @OmegaLiveYT

    @OmegaLiveYT

    Жыл бұрын

    You are pointing at zelenskyy?

  • @wydua2049

    @wydua2049

    Жыл бұрын

    @@OmegaLiveYT he is not favorite comedian He is favourite Ukrainian

  • @f4ust85

    @f4ust85

    10 ай бұрын

    What was especially hilarious was his gradual 180 when he started as a very stoic critic of the NFT market but then apparently started second guessing if he couldnt make a million bucks as well.

  • @ParisuSama
    @ParisuSama2 жыл бұрын

    My cousin sat me down once for two hours trying to explain to me why I'm wrong about Multi Level Marketing and then tried to recruit me into working with him. I don't know why this video reminds me of that....

  • @sockpocketpre-alpha8258

    @sockpocketpre-alpha8258

    Жыл бұрын

    me neither.

  • @zhanucong4614

    @zhanucong4614

    Жыл бұрын

    Because it is but more advanced

  • @stripedpants1668

    @stripedpants1668

    Жыл бұрын

    MLMS are only good if youre in maybe the top 5%. Other than that, youre fucked big time.

  • @asdgreersf

    @asdgreersf

    Жыл бұрын

    That really hurts, so sorry man

  • @TheBoeboe

    @TheBoeboe

    9 ай бұрын

    NFTs is MMLs for tech bros

  • @moonolotl
    @moonolotl2 жыл бұрын

    This is why i wish youtube didnt get rid of the dislike button

  • @PaleoGeek

    @PaleoGeek

    2 жыл бұрын

    The Return KZread Dislike extension is your friend!

  • @PiterTraceurFA

    @PiterTraceurFA

    2 жыл бұрын

    It's 12K up and 16K down. There's an extension that shows it.

  • @DarcMagikian

    @DarcMagikian

    6 ай бұрын

    @@PiterTraceurFA A year later it's 13K up and 23K down

  • @Thestraycat6

    @Thestraycat6

    4 ай бұрын

    @@DarcMagikiandayuuumm

  • @pedroaugustosantana793
    @pedroaugustosantana793 Жыл бұрын

    Coming here 1 year later and seeing how this has aged like fine milk is quite satisfying really

  • @ChiseledDiamond

    @ChiseledDiamond

    Жыл бұрын

    Yeah this video made me unsubscribe because he has still not taken it down or admitted he is wrong.

  • @paulinomendes8357

    @paulinomendes8357

    Жыл бұрын

    I don't get the hate on NFTs, really. I mean, don't get me wrong, i would never buy it, but some people like it and they aren't doing any harm, so... I think you shouldn't see NFT as an investment, but more like a hobby, maybe that's a way to put it. I don't know what are the arguments against NFT besides "it's bad for your pocket", because that's widely known by now.

  • @digbythedog2465

    @digbythedog2465

    11 ай бұрын

    @@ChiseledDiamond yeah, because it was always a grift and he knows it.

  • @DavidLopez-dd1hx

    @DavidLopez-dd1hx

    8 ай бұрын

    ​@@daslewisThat has been debunked numerous times

  • @RogueAstro85

    @RogueAstro85

    7 ай бұрын

    ​@@paulinomendes8357NFT's were either ai generated artwork that nobody liked except for the fact that they could sell them or they were actual artworks stolen from other artists. Very few actual artists profited. Also nobody even likes NFT's anymore so it clearly wasn't the future all the scammers promised it would be

  • @DavidLeeKersey
    @DavidLeeKersey2 жыл бұрын

    You brought up the high end "fine art" world which is apt since it shares a lot of similarities with NFTs mainly that it's not about the art, it's about speculative investing, money laundering and tax avoidance.

  • @fluxophile

    @fluxophile

    2 жыл бұрын

    Imagine thinking that we should strive to make the fine art market accessible to all artists. I can't think of much that would kill my enjoyment of the art world faster than that.

  • @pygmalion8952

    @pygmalion8952

    2 жыл бұрын

    @@fluxophile seethe

  • @seeforkat

    @seeforkat

    2 жыл бұрын

    @@fluxophile Honestly that's my point about fine art auctions too

  • @rackneh

    @rackneh

    2 жыл бұрын

    @@fluxophile Lmfao you do realize one of the "fine arts" sold recently was a banana taped to a wall right? I think the amount of inbreeding is taking it's toll buddy

  • @fluxophile

    @fluxophile

    2 жыл бұрын

    @@rackneh Lol, read more carefully bud - I'm saying the "fine art" world is a toxic pile of trash that we don't need any more of. The NFT art space is trying to inject it into all digital art now.

  • @paranidherc
    @paranidherc2 жыл бұрын

    Proof that even talented and hard working people can suffer a major concussion that leads them to doing something utterly stupid.

  • @foiletta1987

    @foiletta1987

    Жыл бұрын

    yeah

  • @armitx9

    @armitx9

    Жыл бұрын

    no lies detected

  • @FantasmaNaranja

    @FantasmaNaranja

    Жыл бұрын

    no person no matter their genius or talent is spared from having a few stupid opinions

  • @confusioned2249
    @confusioned22492 жыл бұрын

    This guy seriously explained why nft's are bad, and then proceeded to call them good.

  • @wildgaming5685

    @wildgaming5685

    2 жыл бұрын

    They are good if all the credits go to the true artist and at a true price

  • @shinyguy3766

    @shinyguy3766

    2 жыл бұрын

    @@wildgaming5685 Not when "art" is digital and has no real value. 1s0s mean nothing. It's all just money laundering to buy real world assets with stolen digital funds.

  • @wildgaming5685

    @wildgaming5685

    2 жыл бұрын

    @@shinyguy3766 yep that’s the problem

  • @NebulaAccount

    @NebulaAccount

    Жыл бұрын

    @@wildgaming5685 true price would be a few dollars

  • @sockpocketpre-alpha8258

    @sockpocketpre-alpha8258

    Жыл бұрын

    did we watch the same video?

  • @cachetelapa6923
    @cachetelapa69232 жыл бұрын

    damn i'm so glad to see all the reasonable comments NOT supporting NFTs, makes me feel a little better, a little more hopeful

  • @matic1265

    @matic1265

    2 жыл бұрын

    why

  • @georgesimmons5159

    @georgesimmons5159

    2 жыл бұрын

    Blendr Guru shilling for NFTs. Pride cometh before the fall.

  • @themanwhospeaks8010

    @themanwhospeaks8010

    2 жыл бұрын

    @@georgesimmons5159 you know nothing about nfts. You are possessed by memes

  • @Bluur

    @Bluur

    2 жыл бұрын

    Also Blender Guru coming to the WILD conclusion that, "Fine Art is a game only for the rich, let's do that!" Like actually think about who, historically, has ever cared about authenticity. Do you have the one, true, "authentic," limited edition watch/car/boat/painting? It turns out that's primarily a game for the rich, while the poor are just worrying about having enough on their plate. Hell the rich historically steal ideas from the poor and sell them as their own. So the conclusion, "we should be like fine art," is basically like looking at a system that doesn't help 90 percent of people and saying "we should do that again."

  • @USAIsrUKEUVngrdBLRckOccupiedUA

    @USAIsrUKEUVngrdBLRckOccupiedUA

    2 жыл бұрын

    GPU get expensive.The richest criminals want to make money. They try people to switch to mobile shit with all of Metaverse with limit abilities of mobile GPUs, RAM and so on. So, they grow new generation of people who will not like Desktop and love smartphones.

  • @Krzysiekoy
    @Krzysiekoy2 жыл бұрын

    "For the first time in history, digital artist are selling their actual art". What?

  • @markdigital3936

    @markdigital3936

    2 жыл бұрын

    He is referring to the fact that for a long time, artist have had to sell out and make cookie cutter garbage that will sell to make a living. He mentions it earlier, and ties it up with that line "digital artist are selling their actual art". By actual, he's not referring to a physical product or a transfer of ownership. It's the art that the artists actually want to make

  • @Krzysiekoy

    @Krzysiekoy

    2 жыл бұрын

    @@markdigital3936 This does not make sense to me what at all. Ok, in the past "artist have had to sell out and make cookie cutter garbage that will sell to make a living" Ok, so now suddenly, they can make shit they like BECAUSE NFT? How does this make sense? Like I am mister buyer here and I go like: hey mister artist, I am only interested in a cookie cutter garbage, and none of your original creative stuff. Wait, what was that? NFT? THAT CHANGES EVERYTHING. Now I want to buy your creative original shit. You can make the art that you actually want without NFTs. And if the art you want to make does not sell, then NFT is not going to change that. All these stories with NFT garbage selling for millions of dollars usualy have a context attached to them that has nothing to do with ART. Like, an owner of crypto investement scheme dropping big sum of money to purchase NFT from an artist that is already renowned, in order boost the value and reputation of their scheme. If I am an everyday artist, trying to get people to buy my stuff off my artstation but the interest in my art is very low, then its not like NFT will magically make people buy my shit.

  • @drfoto2673

    @drfoto2673

    2 жыл бұрын

    @D's Animation Yard I always hated the idea of the number 1 fan being the one that paid the most money. That is simply not true, it's just the fan that could spare the most money and nothing else. But maybe this is due to me growing up poor and having to find alternatives to official merchandise to enjoy the stuff I liked outside of its medium. Also who is the bigger fan, the one who bought something you made because you are popular and they can make a profit off of it or the one who doesn't have much money but wanted to spare a bit to you because they are your fan and they don't want anything else in return other than you continuing doing what you are doing?

  • @Boodoo4You

    @Boodoo4You

    2 жыл бұрын

    And his amazing argument of “it’s actually the same as buying real tangible paintings because (some) paintings get stored (but I’ll ignore the fact this isn’t true for 99% of paintings). He’s just trying to justify wanting to get rich off a speculative economy, but trying to make it sound like it’s actually a great idea. It’s like a drug user telling you that actually heroin is great cause it’s medicine! And other people get drunk too!

  • @scaredyfish

    @scaredyfish

    2 жыл бұрын

    thousands of near identical donuts = art

  • @googleboughtmee
    @googleboughtmee11 ай бұрын

    As a newcomer to the channel it's pretty offputting to see this sticking out like a sore thumb among your other videos. Why leave it up? The comments and dislikes say it all.

  • @nie8688

    @nie8688

    9 ай бұрын

    agrreed, I just literally found this channel and wanted to go through most of the tutorials but this video made me instantly go look for other tutorials, I won't support this guy

  • @Zenith_Star69

    @Zenith_Star69

    8 ай бұрын

    @@nie8688 same, I finished the donut and at the end he started shilling NFTs of donuts. will be moving on to better channels

  • @ChiseledDiamond

    @ChiseledDiamond

    8 ай бұрын

    Same, I immediately unsubscribed

  • @fruitpunk

    @fruitpunk

    8 ай бұрын

    @@Zenith_Star69 i dont like nfts either but yall are acting pathetic

  • @blenderguru

    @blenderguru

    7 ай бұрын

    Watch it first. I very clearly lay out all the current problems with NFTs. But I stand by everything I said. The creator economy is f***ed. The only people it works for are "pop" artists like Taylor Swift, Ed Sheren etc. that can appeal to a very wide audience. If you want to create weird, offbeat art you cannot survive in today's creator economy because a fan base of 20 people pays you 10 cents per piece of art... even if those 20 absolutely love your art to death. That's the case for NFTs. I stand by everything I said.

  • @Technobabylon
    @Technobabylon2 жыл бұрын

    The only involvement everyone in art I've known has had with NFTs was "having their art stolen". It's a pyramid scheme, a scam, and anyone getting involved with them is deeply gullible.

  • @BrooksBoyd426

    @BrooksBoyd426

    2 жыл бұрын

    I'm sorry to hear the people you know in the space have had that bad experience. I'd also urge you to consider if you're hearing from others (like what is being presented in this video) that they are having different experiences in the space that you consider you're personally getting a skewed view from your current associates, and might have a better experience if you try reaching out and researching how others are having a different experience instead?

  • @Technobabylon

    @Technobabylon

    2 жыл бұрын

    @@BrooksBoyd426 you're not sorry to hear that, the only people making money off it are dependent upon these thefts to create the illusion that it's viable, so that they can cash out when enough rubes buy into it

  • @shApYT

    @shApYT

    2 жыл бұрын

    @@BrooksBoyd426 Just look at the way this dude talks. It is like a cult member or like a politician trying to do damage control.

  • @kampanartngamsom3690

    @kampanartngamsom3690

    2 жыл бұрын

    The only involvement everyone in NFTs I've known has had with NFTs was "To the moon". It's in the blockchain, it's rare, decentralized, and anyone who is not getting involved with them is a loser.

  • @yeatnumber1Dmuncher

    @yeatnumber1Dmuncher

    2 жыл бұрын

    @@polygoncoco I don't really like nft s but what you said applies to literally every form of currency. The money you make selling crypto, stocks etc has to come from someone that's lost that money

  • @YoshiEmblem
    @YoshiEmblem2 жыл бұрын

    Blender Career in Flames Tutorial - Part 1

  • @tylerlong1144
    @tylerlong11442 жыл бұрын

    Guy who is about to start selling NFTs wants to tell me why NFTs are actually good..... ok

  • @tiaan_va

    @tiaan_va

    2 жыл бұрын

    yes, from which the proceeds will be going to blender... thus supporting the community as a whole... which is a good thing... but ok

  • @tylerlong1144

    @tylerlong1144

    2 жыл бұрын

    @@tiaan_va hey, you do you

  • @joshuaabraham1806

    @joshuaabraham1806

    2 жыл бұрын

    @@tylerlong1144 And let people who can afford NFTs do them

  • @tylerlong1144

    @tylerlong1144

    2 жыл бұрын

    @@joshuaabraham1806 lol no, I as a random person on the Internet will stop people from "doing NFTs". I have no control over you, pal. Have a little more confidence. My last reply was literally "you do you".

  • @6ixpool520

    @6ixpool520

    2 жыл бұрын

    @@tylerlong1144 I think he was actually agreeing with you, saying that people who like NFTs will be the one to buy NFTs.

  • @FynnderWander
    @FynnderWander2 жыл бұрын

    "...institutions will step up...." Wasn't the point of blockchain and crypto to not rely on centralized institutions?

  • @KenanTheFab

    @KenanTheFab

    2 жыл бұрын

    shoutouts to that guy who got his apes stolen and then proceeded to ask several "decentralized" websites to alert and not allow sale of them

  • @superchroma

    @superchroma

    2 жыл бұрын

    It's just fighting ghosts with these people. They make a claim when it suits them and then invalidate it later. The bottom line is that people with means and connections built an unregulated playground to steal from rubes.

  • @paranidherc

    @paranidherc

    2 жыл бұрын

    Yeah, but only as long as it fits them XD These people are completely delusional. It's pyramid schemes all over again XDD

  • @GreenDave113
    @GreenDave1132 жыл бұрын

    12K Likes 16K Dislikes For people without the Dislike extension

  • @morganalabeille5004

    @morganalabeille5004

    Жыл бұрын

    It's at 17k dislikes now

  • @Max-mp9co

    @Max-mp9co

    Жыл бұрын

    @@morganalabeille5004 Almost at 18k

  • @Beanibirb

    @Beanibirb

    Жыл бұрын

    @@Max-mp9co 18k now

  • @loot3647

    @loot3647

    Жыл бұрын

    ​@@Beanibirb 19k now

  • @unni0p

    @unni0p

    Жыл бұрын

    @@loot3647 21k now

  • @PiterTraceurFA
    @PiterTraceurFA2 жыл бұрын

    The best description of NFT's I've heard was "Nobody wants to be the last person to buy the specific NFT". Meaning that everyone buys with the intent to sell for even greater price. So, the artwork is useless and only value it has is somebody hoping they'll sell the useless thing as soon as they can after buying it.

  • @kaksspl

    @kaksspl

    2 жыл бұрын

    Yup, but only way to sell the hot potato on a higher price is to convince someone else that they will be able to do the same. Not far from pyramid scheme.

  • @PiterTraceurFA

    @PiterTraceurFA

    2 жыл бұрын

    @@MMMikuruBeam Exactly that, but with a grenade. Someone pulls the pin and throws it to the one that pays the most. The closer to the explosion, the higher the price. But it will blow up in someone's hands at one point.

  • @chubbec

    @chubbec

    2 жыл бұрын

    Sorry but if that is the best description you have heard, then you are ill-informed. Did you even watch this video? This is a bizarre and off-topic comment if anything

  • @sasha-noelleord6780

    @sasha-noelleord6780

    2 жыл бұрын

    @@chubbec it's a valid point and it's barely addressed in the video which means there is all the more reason to look into it.

  • @chubbec

    @chubbec

    2 жыл бұрын

    @@sasha-noelleord6780 Pretty sure he mentions scams within the space though... This is a dumb narrative implying that there is a giant fraud carousel, where everyone is actively aware of and voluntarily taking part. The evidence of this is - 'someone else said this and it sounded good'

  • @kallehalvarsson5808
    @kallehalvarsson58082 жыл бұрын

    Bruh, you're early, April 1st is not until tomorrow...

  • @A76noname
    @A76noname2 жыл бұрын

    You seriously should just stick to tutorials.

  • @bummer6
    @bummer69 ай бұрын

    Really happy to see the amount of flak you caught for this. Well deserved imo. Stick to blender tutorials, cause clearly you missed the mark on this one.

  • @HankHillspimphand

    @HankHillspimphand

    6 ай бұрын

    any nft shillers automatiucly get a blackmark from me to beware of things they push. i like his guides......that's it lol

  • @dukemagus
    @dukemagus2 жыл бұрын

    The problem is that the "good" of NFTs could be done just as well with a signed paper or even a video of the artist saying you "own" the bragging rights for that. The network itself is bloated and of little use for showing appreciation for the work of someone else. It just makes things harder to discern and easier to make scams

  • @esbenjon

    @esbenjon

    2 жыл бұрын

    I don't know the technical details of NFTs, but that is the case with many other proposed uses of block chain technologies. If it doesn't actually add anything in terms of security or authenticity it's nothing but a buzzword. Which admittedly can have perceived value as Andrew mentions, but no practical value beyond that.

  • @LFPAnimations

    @LFPAnimations

    2 жыл бұрын

    Actually a signed paper or video from the artist would be safer than NFTs since the artist would be liable for any scam, virus, or rug pull they tried on the buyer. In the NFT space there is zero accountability and it stays on the blockchain forever.

  • @xaxo8224

    @xaxo8224

    2 жыл бұрын

    A video of the artist? What happens when the artist dies and that piece of art is sold 100x over? That is why a trustless, effortless system is needed for this sort of thing. You can come up with a dozen "alternatives," but each one will always be impractical.

  • @unsolicitedditkapics9722

    @unsolicitedditkapics9722

    2 жыл бұрын

    @@xaxo8224 so you're saying NFTs are also impractical?

  • @xaxo8224

    @xaxo8224

    2 жыл бұрын

    @@unsolicitedditkapics9722 I think it's very clear in my comment that I did not say or imply that.

  • @TigreDemon
    @TigreDemon2 жыл бұрын

    I will respectfully disagree with you on that ... 99.99% of the people buying NFT just wants to sell it way more, in the same way the entire crypto market works. People just want to get rich quick and this is the only appeal of NFTs. Right now, there is no need for NFTs for artistic things

  • @n-f3202

    @n-f3202

    2 жыл бұрын

    I am optimistic for what NFTs can bring for digital artists to sell and advertise their art; however the current outlook of the NFT market isn't quite compatible for a platform on which artists can humbly sell digital art. It's a mess that I hope would materialize in the future to benefit artists and creation.

  • @rnbpl

    @rnbpl

    2 жыл бұрын

    Stay away from it, there's too many leftists in art already.

  • @mrrebelbunny5316

    @mrrebelbunny5316

    2 жыл бұрын

    How is selling a product for a higher price bad? Especially when the artist gets the commission of their choice

  • @chubbec

    @chubbec

    2 жыл бұрын

    This is a plausible response but let's be optimistic about the future of this tech and tech in general. Focus on making it better if you have the means to

  • @notahotshot

    @notahotshot

    2 жыл бұрын

    You say you disagree with him, but I don't think you even know what he said.

  • @pallenda
    @pallenda2 жыл бұрын

    11:41 "they are selling the actual art" You said earlier that you are selling a token not a file or an IP. 5:40 17:18 "for the first time in history digital artist are selling their actual art" That's just factually wrong on many levels. Nobody sold any digital art, either music, picture, video, written before NFTs? You have sold digital art assets purely digitally for a while. 4:50 And again, when selling an NFT you are selling a token, not the original art piece. 17:50 it's not the NFT that let's the art be free for all to enjoy. The artist is and the webserver hosting the file is. Die hard fans could buy digital art before NFTs.

  • @fluxophile

    @fluxophile

    2 жыл бұрын

    The idea of ownership is already existentially and philosophically vague, NFTs are full of contradictions that you are necessarily bound to ignore if you want to find value in them.

  • @hubguy

    @hubguy

    2 жыл бұрын

    Also for 17:18 Why should it have to be NFTs before people start being more creative than ever. That makes it sound even more like a scam/push to make money than before. It only took til now for such an auction marketplace to be known to the masses, mostly due to the controversy surrounding crypto

  • @RDR911

    @RDR911

    2 жыл бұрын

    An NFT shill lying about NFTs? oh no the horror! Someone with no integrity (AKA blenderGuru) lying for personal gain???

  • @nordicFries
    @nordicFries7 ай бұрын

    this aged almost exactly as badly as everyone knew it would

  • @alastortheradiodemon5567
    @alastortheradiodemon55672 жыл бұрын

    Oh no..

  • @AlexMint
    @AlexMint2 жыл бұрын

    I've had too much of my art stolen to be sold as NFTs to trust anything related to it. I'll continue to do art commissions. Even if I minted my own art, the thieves have more leeway than I do under their claims of being prolific artists. As for the "proof of stake" transition, I'll believe it when I see it.

  • @darrennew8211

    @darrennew8211

    2 жыл бұрын

    I've been hearing about moving to proof of stake for like five years at least.

  • @blenderguru

    @blenderguru

    2 жыл бұрын

    While I hate art theft, it's not new to NFTs. Society 6 has enabled the same theft for years, yet we don't boycott artists for selling on them. Proof of Stake is already here. Tezos, Flow, Wax, Solana (etc) are blockchains that already use it. Ethereum is almost the only one left that's used for NFTs.

  • @georgeweller1

    @georgeweller1

    2 жыл бұрын

    @@blenderguru you cannot possibly be this naive. There's no argument you can make for NFTs that hasn't already been comprehensively debunked. I don't know what possessed you to throw away your reputation in order to come out as a crypto shill, but don't expect anyone to take you seriously ever again.

  • @CG_CAKE

    @CG_CAKE

    2 жыл бұрын

    @@georgeweller1 lol he didn't throw away any reputation , being a good artist doesn't mean you will not try adventures and new stuff , hes reputation as a skilled artist is the same NFTS will not make you less of an artist because the art comes from the person and not from the platform. Im a good artist and I use NFT as well , if it works it works if it doesn't screw it and I move on.

  • @gagglegames

    @gagglegames

    2 жыл бұрын

    @@blenderguru Things not being new to NFTs aren't the problem. The problem is the number of additional problems that NFTs bring in, without fixing any of the older problems. Yes, art theft exists. Though usually that occurs in a way that makes a non-fungible piece of art fungible by copying it. NFTs introduce a new means of theft, turning a fungible piece of distributed art into a single solitary copy that can be traded and sold as a unique thing, among a crowd that are purposefully obfuscating the technology surrounding it. Every person I speak to who's into NFTs either can't succinctly explain what NFTs are or what they are good for, refuse to acknowledge any potential issues with it, and speak about it like it's the future-come-early despite there being significant pushback against its overall adoption. You specifically mention in your video that people into tech are optimistic and people not into tech are pessimistic. I'm very much into tech and I can't stand them. Hell, being into tech is what has given me enough insight into the entire NFT culture to see it for the sham that it is. NFT proponents aren't into tech, they are into money. You don't need NFTs to auction off a picture of donuts. You could literally just auction off a one-time print of it, and there, non-fungible item for auction to raise money for Blender. But no, it has to be using dodgy technology utilised by large numbers of scam artists pushing the tech as the next big thing before it's even proven itself on the most basic, fundamental levels.

  • @BunzJackson
    @BunzJackson11 ай бұрын

    Seeing this video a couple years later is pretty funny honestly. Guess the entire world has agreed to be wrong about NFTs.

  • @3polygons

    @3polygons

    10 ай бұрын

    Yep. Totally. But... It was a moment to make money, back in the day... Artists were in their right to take any chance, as art, specially painting, has been always poorly appreciated by companies and society, - as a job to be paid- . This is more clear than ever now with the emergence of AI, when we are basically being erased, thrown away like a dirty napkin, now that a prompt does your heavy work of a week of blood, sweat and tears in a few seconds, even providing many variants. Some people did jump on the NFT wagon, be it with their money, or as artists with a lot of work (btw, many got exploited by tech bros) done for it (I did not, with neither...had my concerns about the environment - energy usage- until it would became POS based, which ended happening, but too late)... Once ETH 2.0 did _finally_ arrive, which was a really *GOOD* thing, as finally the NFT space became more respectful with the energy usage (BTW, bitcoin was/*IS* always worse, but people did not/don't attack that, it's funny...), suddenly, mining, due to this change that transitioned ETH from POW (like bitcoin, but bitcoin obviously stayed POW) to POS, which made mining a TAD less profitable for miners, and the global economy crisis (but mostly the former), the market due to both did crash as the income was based in that mining system premise, and also about hyping something by "convention": random images that had low to no art quality (as a traditional and 2D digital artist, I saw how much cr4p was used). Indeed, people saying it was/is a ponzi scheme have part of reason. I don't see it as that, as stock also goes up and down, and it does produce you money when it's up and you sell. If so, money, with how one country's coin varies in relation to other coin, is a "ponzi scheme", too. Society gives the value it decides, to things. Like it does with gold, or with a Gucci bag, which necessarily does not mean that thing is worth that much...or anything beyond the labor to make it. This is how our society functions since thousands of years: perceived value. But in what I would agree is that it was a freaking volatile market to invest in, or even to dedicate your work as an artist (invest time, curriculum, etc). And like always in life, you take reasonable risks, and must be analytic about it. The problem is that most people is not like this. One group never researches and just repeat/retweet/do/bully what others do or say, they join whatever the trend or wagon everybody is going for, and that's it. A second group researches a bit more, see the shades of gray... but is over optimistic and even puts money needed for essential expenses into very risky businesses. Then, due to too much wishful thinking and not being analytical on certain data, they lose all that, and then proceed to blame technology, a politician or inflation. Truth is, some smarter people did make money, some of those actual good artists. Others simply saw the risk (my case...), but neither demonized it. These two last groups are an extremely small minority, as while most people did not invest on this, the majority of those did not deeply analyzed what was really going on and yet jumped into whatever the "opinion" wagon. It's not something to currently put money on, neither artists hours, even if just due to the very bad press it has: Even if it did a came back, bad press does kill anything, whether if such press is true or false, does not matter (fake news also work this way, used to dismantle democracies, etc). Then you have the fact that "gurus" and other people (I totally do not put "Blenderguru" in this group: yes he has salaries to pay and the man gotta do some bucks for that so you get the eventual promo here and there, but he makes so much good not only to the Blender community, but to anyone without money willing to learn 3D, that he has it "forgiven" beforehand, in my book) , these gurus (GaryVee, etc, etc) jump into any new tech or thing and promote it like if there's no tomorrow. It is logical in their perspective: any hype sells, and ideally, hyping stuff without scrutiny on key aspects, to get maximum traffic and user actions, as platforms' algorithms DO love such, and that and selling their books and courses (often unrelated with the hype) is what these people are after. I don't see it as "evil". As neither do with second hand cars selling places. Unless we start to call evil any form of capitalism (which it is, starting from the fact that most people in the planet is poor, and a large portion does not even access clean water), then we can only say that this is just one element more, ancient as humans are. I mean, until we rage just the same about gold, wall street, multinationals literally destroying the Amazon jungle, the freaking lung of the planet, we would be immensely hypocritical if we rage so much about NFTs and so little about the other, _WAY_ worse things. BTW, some people still do money of NFTs. I really never liked this business, but it could have been a good chance for artists.

  • @piquantement
    @piquantement2 жыл бұрын

    As an engineer, my biggest problem with NFTs is that they don't actually do anything useful that we couldn't do before. So why all the attention now? No, it doesn't mean you're buying the actual art. To do that, you have to be sold the property rights, which is something that the NFT technology has nothing to do with, and can be done without an NFT. No, it doesn't stop people from copying the art. Yes, maybe you can envision some sort of way proof of purchase could be used in some other cool technological system. The thing is: every single idea I've heard could be built more simply without the blockchain. I haven't heard a single idea that actually requires the NFT/blockchain implementation when you break it down. So then why are we seeing such an explosion of NFT-related media? It's simple: the hype machine worked, and it's pulling in money. It won't forever. This is Beanie Babies all over again.

  • @Mobin92

    @Mobin92

    2 жыл бұрын

    The sad thing is that the Blockchain doesn't actually solve any problem in this case. E.g. I see people saying that you could store your land ownership records as an NFT. But even if you did that, and it's all cryptographically bulletproof that you own that NFT... *It still doesn't mean anything in the real world.* You still have to trust someone (e.g. the government, or your neighbours,...) to actually let you live on that land that you "own" as an NFT. That requires trust! Which makes the whole decentralized thing pointless. And it's exactly the same argument for plane tickets, or MP3 streams, or Game downloads, ... If you need to trust someone to use the NFT, there's no point in storing the information as NFT instead of a normal database.

  • @Bluur

    @Bluur

    2 жыл бұрын

    Exactly. It's like looking at the ocean and deciding to resell every drop as it's own unique water. There are millions of artists on this planet now; the solution to getting them paid is not to make them all sign up to make "authentic" art that can only be afforded by the rich, by inventing a new currency that does ZERO to solve the actual problems inherent in the system; (which is the rights and source of the item, and visibility and voice for all artists to show their work,) and instead helps a small amount of high visibility artists in a system that is just as sleezy as the fine art world.

  • @Krakkk
    @Krakkk2 жыл бұрын

    "Tech people are optimistic" absolutly false lol

  • @onecoding

    @onecoding

    2 жыл бұрын

    I cover both fields. Programming and art. And you are absolutely right. The algorithms related to the blockchain are interesting and definitely have use cases. None of the uses right now make any fucking sense. And as for art, commissions are a thing.

  • @simonmercier6733

    @simonmercier6733

    2 жыл бұрын

    I know right, I'm a software engineer working for a big videogame company that actually implemented some NFT shit in their game (I'll let you guess which one). NO ONE likes that shit, there was A LOT of internal backlash when we've heard about this shit lol. Tech people are not optimistic at all about NFTs. I've never met anyone professionally (and personnaly) that likes that shit.

  • @Omikronik
    @Omikronik2 жыл бұрын

    People will do anything but pay an artist directly for their art.

  • @Just-A-Clown111

    @Just-A-Clown111

    2 жыл бұрын

    im sorry but there is a diference from paying directly for art, and buying a fucking PNG 😳

  • @gingerdog8203

    @gingerdog8203

    2 жыл бұрын

    @@Just-A-Clown111 the original comment is against NFTs i think

  • @Just-A-Clown111

    @Just-A-Clown111

    2 жыл бұрын

    @@gingerdog8203 im sorry, i got confused

  • @mattwayne9128

    @mattwayne9128

    2 жыл бұрын

    @@Just-A-Clown111 *buying a link to a fucking PNG.

  • @goat-7658
    @goat-7658 Жыл бұрын

    It's difficult to look past the inspiring tone and perceived honesty considering how absolutely awesome your work on this channel is, but once one gathers the strength to look past, it becomes very clear that quite literally every alleged upside of NFTs is easily achievable with Patreon and similar donation models, as they also allow die-hard fans to fund creators without necessarily paywalling all of their work. Once again, NFTs are a poor solution that's desperately looking for a problem to try to solve.

  • @Risky_Santucci

    @Risky_Santucci

    6 ай бұрын

    I think he mentions that Patreon's kind of like selling a private discord server earlier in the video, however; I also agree with you, particularly when considering that the overhead to even attempt to get into crypto at all is way worse (which is to say more expensive) than moderating a server. Also, how come he never got to mention ACTUAL commissions that happen now a days, now THAT'S way more like what his platonic ideal of what NFTs should be like (and more related to how art was made in such olden days).

  • @__--_--_-----
    @__--_--_-----2 жыл бұрын

    NFTs are down 92%, nobody can sell their stuff, the massively hyped donut NFT that took an incredible amount of time/coordination to make failed miserably and sold for only 13,000. You were wrong about NFTs and the bubble is bursting, so where's the followup video?

  • @koju-kin

    @koju-kin

    Жыл бұрын

    I would like to see it as well

  • @__--_--_-----

    @__--_--_-----

    Жыл бұрын

    @@Pandarah COPIUM

  • @NicholasMarshall

    @NicholasMarshall

    Жыл бұрын

    scammers gotta defend their ill gotten gains.

  • @HeineArthur

    @HeineArthur

    Жыл бұрын

    Even worse. The 13,000 was an offer below the limit so it didn't even sell. Blender Guru had to buy 4 RTX 3090, so it's a net loss of ~6000. Since there was more than 17,000 people contributing to that NFT, the offer wasn't even of 1$ per person. 2.3 millions subscribers and that's the result. NFT are bad and Blender Guru should realize he is incredibly wrong.

  • @Pandarah

    @Pandarah

    Жыл бұрын

    @@__--_--_----- It's just how it is. I will not be getting into NFT's for a long time myself, until it has proven it's worth. In theory there can be a lot of good here, it will just take a long time to come to fruition, if it doesn't die off before that time. I'm not writing off anything though as of now, it would be foolish to do so, since we cannot see into the future.

  • @PaperHunter
    @PaperHunter2 жыл бұрын

    I thank you for introducing me to Blender but NFTs are a joke at this point.

  • @XxjeffersonDkidxX

    @XxjeffersonDkidxX

    2 жыл бұрын

    Why?

  • @PaperHunter

    @PaperHunter

    2 жыл бұрын

    @@XxjeffersonDkidxX Looks like I can't post a link without the comment being deleted. Search KZread for a video called "line goes up - the problem with NFTs" it explains more than I can in a comment. They're a scam and if you think that people who think they're a scam just don't get it, then you're the one getting scammed.

  • @XxjeffersonDkidxX

    @XxjeffersonDkidxX

    2 жыл бұрын

    @@PaperHunter how it is a scam? Like,is the technology it self, or people using it to scam people. What did you got from that video?

  • @PaperHunter

    @PaperHunter

    2 жыл бұрын

    @@XxjeffersonDkidxX The technology is deeply flawed. It seeks to solve a problem that never existed and does it in a horrible broken way that causes more problems. Also the people buying into it are either getting scammed or are the scammers. The very few people who've genuinely made money from NFTs in a legitimate way are the exception. NFTs are a badly designed front for crypto which is itself a badly designed and poorly implemented technology that's only useful for already rich market speculators and money launderers.

  • @XxjeffersonDkidxX

    @XxjeffersonDkidxX

    2 жыл бұрын

    @@PaperHunter So you problem is with the scammer's,rich people,and crypto currency it self. Well I do agree there's a scammer problem,and some coins have a higher barrier to entry. But I disagree with that crypto is only useful for rich market speculators. As many people made they life with crypto and have now a way to be non depended of government money, especially in poor countries were they coin is devalued.

  • @gingerdog8203
    @gingerdog82032 жыл бұрын

    Watch him delete it and say he posted it too early and it was supposed to be an april fool's video.

  • @Chloelol

    @Chloelol

    2 жыл бұрын

    To be fair it is April 1st in Aus. Edit: Just looked at his Twitter, oh my god he's serious.

  • @ericart
    @ericart2 жыл бұрын

    This aged like whole milk.

  • @orisfamaemon

    @orisfamaemon

    Жыл бұрын

    It aged like a rotten corpse dunked in spoiled milk

  • @aquasnippy

    @aquasnippy

    Жыл бұрын

    i like how now it has aged so much worse than when you wrote your comment too lmao

  • @LuisCaneSec
    @LuisCaneSec2 жыл бұрын

    If you like an artist's work, and you can afford it, commission them. The entire furry fandom revolves around buying and selling custom art. Digital art, traditional art, animation, costumes, music, and writing are all media that furries commission all the time.

  • @ghhn4505

    @ghhn4505

    Жыл бұрын

    "The entire furry fandom revolves around commissions" I've never heard a faster reason to not get into commissions, gg

  • @evilotis01
    @evilotis012 жыл бұрын

    artists should 100000% be compensated for their art. a weird blockchain token system is not the way to do so.

  • @EvanG529

    @EvanG529

    2 жыл бұрын

    There's this funny thing called commissions that have been around for centuries

  • @DrMattPhillips

    @DrMattPhillips

    2 жыл бұрын

    So instead, you suppose a hypothetical system that doesn't exist vs one that is extremely flawed by tangible? Digital artists have been exploited for decades under the guise of digital art having no inherent value, which has now been proven wrong. Artists can either use this current system and try to do it with fair contracts and licences pricing out the con-artists with fairer, transparent sales and talent, or they can just go back to being exploited behind closed doors by traditional media practices that under-sells and underpays. Yes a non-crypto market would be great, one that has the same level of audience retention, and monetary interest and value, but also exists entirely separately from the blockchain. However- this hypothetical isn't real. We can't do anything with your 'better system' that does not exist. You either try to do your part to fix what we have, go back to what wasn't working, or pursue the impossible challenge of trying to catch lightning in the bottle twice, or wait for a company to do it for you. Maybe someone will do that, but waiting and hoping is not a realistic solution... Again, this is what bothers me about surface-level takes that reject videos like this. You're not actively adding anything or helping anyone. Your solution to go back to what wasn't working is just as exploitative as the NFT market.

  • @rutrazemog2080

    @rutrazemog2080

    2 жыл бұрын

    Who are you to tell artists which tech they should and shouldn't use?

  • @pismodude2

    @pismodude2

    2 жыл бұрын

    @@DrMattPhillips That's a really bad take. As an artist, me minting an NFT won't stop a person or company from copying the art and abusing the system by making me seek legal action against them. And when I seek legal action, the copyright is all that will matter. Me proving I made it. Minting an NFT will never be mentioned in court, minting an NFT does not in any way improve my circumstances, and an NFT cannot distribute 3D assets to a business market of buyers who want to put it in their game either. Technically I could sue anyone who buys an NFT of my art for putting it in their game, and file a copyright takedown if they even put it in a video or profile pic. Because the minted NFT in absolutely no way has any impact on protecting me from people or companies abusing my work, and them buying it in no way protects them from my legal action. It literally provides nothing. The blockchain is a glorified Excel spreadsheet where a bunch of people all share a copy back and forth to make sure they agree on who owns what. Nothing makes their blockchain special, legally binding, or in any way proof of ownership. You or anyone else could make your own database or blockchain, and post the same things on it, and claim someone else owns them. Nobody is bound to respect one listing on one blockchain or database over another as the "true ownership" and the reality is you might as well try claiming you own a username because it's also a unique entry in a database somewhere. Except as soon as you move to another website with another database, you'll find you don't. They really are completely meaningless and only held together by the hopes and prayers of people wanting to collectively convince more people their particular blockchain is the true blockchain of ownership determination. It's completely asinine.

  • @AlexMint

    @AlexMint

    2 жыл бұрын

    @@rutrazemog2080 It's NFT bros that are making the thing hostile towards artists. I've had my art stolen and sold for beaucoup bucks, personally, and only been mocked for it.

  • @Youxitube
    @Youxitube2 жыл бұрын

    April 1st isn't till tomorrow.

  • @mastershooter64
    @mastershooter642 жыл бұрын

    come on andrew...not you

  • @DoodlerDude
    @DoodlerDude Жыл бұрын

    This guy makes a lot of “How to” videos. I like to call this one “How to make your audience unsubscribe”.

  • @joshuaadetoro4220

    @joshuaadetoro4220

    Жыл бұрын

    I think this video is a joke, look at the date.

  • @jerma985_enjoyer4

    @jerma985_enjoyer4

    Жыл бұрын

    @@joshuaadetoro4220 No, he literally made NFTs and sold them.

  • @MaxIronsThird
    @MaxIronsThird2 жыл бұрын

    This is hilariously naive, everything NFT does can be made with other tech or by just commissioning your favorite artists.

  • @Mobin92

    @Mobin92

    2 жыл бұрын

    The NFT doesn't even actually do anything. You literally don't own anything by owning the NFT. It's just a donation to the original artist.

  • @rareshdesign

    @rareshdesign

    Жыл бұрын

    No it can't. NFT's are a digital ownership contract linked to an asset. Now what you put into that 'box' of value is up to you. In the end is just a tool that for the very first time can monetize digital files individually. This again doesn't mean the tool can't be used in nefarious ways by bad actors, as is the case with everything, but on a general note is a novel way for creators to earn a living. Just because there are scammers doesn't mean the internet is worthless, right? It will need time to wash also the hype and reveal the valuable use cases, and will take years. Right now the whole industry is experimenting what these use cases are or could be. But for me at least funding for artists is one proven use case.

  • @Mobin92

    @Mobin92

    Жыл бұрын

    @@rareshdesign The NFT is *not* a contract. It's just a short text in a database that belongs to you. All the benefits that you get from that are limited only to the blockchain, or if you actually get some real-life benefit from it that will be done by a centralized service provider anyway. There is basically 0 point to use the blockchain technology for that, since you eventually have to trust someone anyway to get some benefit.

  • @rareshdesign

    @rareshdesign

    Жыл бұрын

    @@Mobin92 The NFT can be a contract, again, depends how you use it. It can give IP rights to the owner, as the video mentions on that specific image. Also the owners of these NFTs can get later new drops based on their current NFTs. That doesn't happen with any JPEG copy. Just to the NFT holder. And this airdrop can be done by the original creator or others, without anyone's permission. Also the enforceability of these NFTs as contracts is also up to the legislation which is lacking now. But will catch up at some point. On the DLT side, and what's attached to this unique token, no one can fake that hashed data linking to files. And you can argue that centralised solutions can do this, but that's the whole point, is permission-less and I don't need anyone permission to transact this ownership proof, aka NFT.

  • @Mobin92

    @Mobin92

    Жыл бұрын

    @@rareshdesign It can not! The contract would be outside the blockchain, as a regular paper contract... if even. You always need to trust someone in the real world to respect your ownership of the NFT and give you benefits for it. That makes the distributed blockchain aspect of the NFT completely useless.

  • @Youxitube
    @Youxitube2 жыл бұрын

    "Tech people are optimistic", no they are not. All the most fervent NFT supporters I've met are woefully uneducated about the Blockchain. They have peripheral knowledge of the tech at best. There is some serious Dunning-Kruger effect at play with these NFT evangelists.

  • @Loug522

    @Loug522

    2 жыл бұрын

    There was a veteran developer who worked at companies like ubisoft that uploaded a 30+ min video like 2 months ago talking about how bad that scam called nft is for the industry.

  • @mademedothis424

    @mademedothis424

    2 жыл бұрын

    I work in tech. I have looked into job offers to work on NFT related products. I've rejected them all. Even people involved can't prove how the system isn't dependent on scammers or money launderers. I haven't seen a single application that can't be delivered for cheaper or more reliably without using a blockchain and I have found no indication that the market is based on fandom, or even collectionism instead of speculation. I know when you're inside a bubble being propped by bad money it's easy to say "but I've seen people make enough to quit their jobs" or, in this case "I know more artists that don't work at a studio", but that is absolutely no guarantee that the buisness is sound or sustainable. NFTs may be here to stay because, like crypto, there is an incentive to keep a dark money path through the Internet that is largely unregulated and the tech companies co-opting it have nothing to lose (they don't make money with the NFTs, they make money with the service). But if you're an individual considering whether to purchase an NFT for any reason, my recommendation is that you don't unless you're ready to just lose that money. Likewise if you're an artist. If you needed many times more fans to make the same amount of money before that is an indication that NFTs are an artificial bubble, not of the opposite. As the video acknowledges, the margins for media platforms online are already not that high. The money didn't just materialize out of thin air. If there wasn't enough value to pay more before there isn't now, either. The cost of sustaining the platforms are similar on either solution. This is a bad take that will make people make mistakes with their money, and the appearance of an even-handed, serious analysis coming from a respected educator makes it actually way worse. I hope people read into the comments and don't take this guy's word for it.

  • @HISEROD

    @HISEROD

    2 жыл бұрын

    If they don't know the tech, then they're not the tech people are they?

  • @salacryl

    @salacryl

    2 жыл бұрын

    Yes, I agree on this. The only thing Andrew is showing here: how less he know about this.

  • @hectobit

    @hectobit

    2 жыл бұрын

    The only tech people optimistic about this crap are those building Blockchain As A Service platforms and others wanting a slice of the scam pie.

  • @niceveraert1000
    @niceveraert10002 жыл бұрын

    Or just PAY THE ARTISTS DIRECTLY!!

  • @mochiboi5686
    @mochiboi56862 жыл бұрын

    The problem is that NFTs are totally redundant and unnecessarily complicated. Artists selling individual prints of their work already existed on sites like Gumroad and didn't require me to buy into crypto just to do so. There's not many benefits to NFTs and blockchain shouldn't even be counted as one since a public ledger of transactions can exist without crypto currency.

  • @6ixpool520

    @6ixpool520

    2 жыл бұрын

    Its about "ownership" of the actual piece of digital art itself. He talked about how everyone has access to view and appreciate the art, but its the owner of the NFT who is "certified" to be the "owner" of it. Patronage like in the olden times is a very apt analogy of what NFTs provides

  • @Pyranders

    @Pyranders

    2 жыл бұрын

    @@6ixpool520 A scrap of paper that says "you own bored ape number #8157" is a very apt analogy of what NFTs provides.

  • @6ixpool520

    @6ixpool520

    2 жыл бұрын

    @@Pyranders Its a bit more secure than a piece of paper, but yeah. Like an indestructible piece of paper in the cloud that says you own bored ape number 8157. Whatever that certificate is actually worth is something society will decide in the long run.

  • @Kaje_

    @Kaje_

    2 жыл бұрын

    @@6ixpool520 Read the comment by Chris Van Nooten. It's one of the top comments. He pretty much debunked most arguments made by NFTs enthusiasts. And please don't come up with security. I work in a tech environment and pretty much no one of the graduates in C.S. and Software Engineering I know support this, because they know damn well what a massive scam NFTs are.

  • @xeal9674

    @xeal9674

    2 жыл бұрын

    @@6ixpool520 Society already decided what it's worth. It's worth as much as the next idiot is willing to pay for it. Almost nobody buys an NFT to own it, they buy it to sell it. Eventually, somebody will be stuck with a worthless 'piece of paper' that nobody else wants and they bought for $10,000.

  • @lordwafflesthegreat
    @lordwafflesthegreat2 жыл бұрын

    For all of you who cannot see the dislike ratio, it's 13k likes to 18k dislikes (As of 26th of August, 2022. 14:18 CEST) So, yeah, a pretty bad take from someone who is evidently making money on the situation.

  • @youtubehandlesux

    @youtubehandlesux

    2 жыл бұрын

    11k/13k as of 2022-04-17 3:02 UTC, can't believe there are this many cryptards

  • @TheAndrewBen

    @TheAndrewBen

    2 жыл бұрын

    11k 👍 14k 👎

  • @notoriousfly9260

    @notoriousfly9260

    2 жыл бұрын

    It's 14K now

  • @gagglegames
    @gagglegames2 жыл бұрын

    15:55 No, the debate against NFT is largely based on the hyper-inflated costs of such things through people making transactions between their own wallets to make a piece of art appear higher in value than it ever could be normally, the awkward technology built around hacky workarounds, and honestly the culture surrounding them is absolutely attrocious.

  • @gagglegames

    @gagglegames

    2 жыл бұрын

    Superior technologies and methods exist already to protect copyrighted works, NFTs do nothing but add an awkwardly complex layer of technology like a shroud, allowing for massive amounts of deception, fraud and theft. People make NFTs of other copyrighted works, then sell that like they own the original artwork. Licensing and sale of IP already exists, and is far simpler for anyone to get involved with, and less susceptible to such fraud.

  • @superchroma

    @superchroma

    2 жыл бұрын

    The debate against NFTs is the fight against the finacialization of everything. The points about value inflation gamed already exist as critiques of the analog art world and are therefore not novel or properly addressed by eliminating NFTs.

  • @lucutes2936

    @lucutes2936

    2 жыл бұрын

    Ctfu and don't argue with the master.

  • @gagglegames

    @gagglegames

    2 жыл бұрын

    @@freedomarts I understand when someone buys their own NFT for increasingly large amounts of money to give it a history that implies it's a sought-after good, and does so until someone decides to buy it instead and finds themselves with a token that no one else wants.

  • @morpheusmedia_au

    @morpheusmedia_au

    2 жыл бұрын

    "the awkward technology built around hacky workarounds", lol care to explain? ETH based NFTs are awesome, Solidity (what ETH based smart contracts are written on) is lovely to code on, EVM can be interacted with using website JS. Very very easy to learn. Solana on the other hand...

  • @lonesomealeks4206
    @lonesomealeks42062 жыл бұрын

    Is this Satire? I can't believe it

  • @lonick1692
    @lonick16922 жыл бұрын

    i have a lot of respect for you, please dont ruin it with this stupid scheme

  • @joshuaabraham1806

    @joshuaabraham1806

    2 жыл бұрын

    How...? Like I honestly don't get the problem with NFTs. Like if you cant afford. Fine. But that's also true for the art of Picasso or smth. so Let the people who can afford support the artists if they wanna do so and you mind your own business. Like seriously. All you people want to do is rant on something and create absolutely non-nuanced arguments.

  • @WobblyPython

    @WobblyPython

    2 жыл бұрын

    His newsletter has been hyping up NFTs from at least February of last year. This ain't new. He's just an idiot.

  • @joshuaabraham1806

    @joshuaabraham1806

    2 жыл бұрын

    @@m3vm3 Exactly!

  • @lonick1692

    @lonick1692

    2 жыл бұрын

    @@joshuaabraham1806 you aren't supporting the artist though, its just stocks with pretty pictures, you arent buying an nft because you like the art, you're buying it to make money off of it, thats not appreciating art.i have no idea where you got that picasso analogy from but it makes no sense, nfts arent like different art styles, they're just lines of code that again are just pretty pictures you sell, no different to when kids would sell pokemon cards to each other on school yards, you're not appreciating it. theres also the environmental aspect with nfts draining power from trades, if there was a more environmentally friendly way to do it, it wouldnt be as bad, but again, there no appreciation for the art. when you commission someone to make you some art, say you find someone on twitter that has a style you really like, and you pay them to make a piece of art for you, you're appreciating the art. if someone came to me and asked me to make a 3d model for them, i'd be for lack of a better word, honoured that they like my work so much that they would pay me to get their own personalized piece, it would make me happy to make them happy. its not the money. its the prinicple. (btw not trying to be argumentative here, just putting across my perspective!)

  • @joshuaabraham1806

    @joshuaabraham1806

    2 жыл бұрын

    @@lonick1692 Appreciate you perspective and just trying to have a bit of discourse. You are right on the environmental aspects of it but I think its fair to look over these temporarily at least cause with the advancements of technology I'd hope those get solved. I'd also agree with you when you say that most people who purchase NFTs do with the intent of "capital gain". However I'd say its fine because it can still vastly help and aid digital artists. You have to concede to this right...That digital artistry isnt as well appreciated as you'd like. Even if you were to take large scale films that require digital artistry, what you'll find is these artist not getting paid well...And i'd Argue that NFTs play an active role in bringing value to digital artistry hence hopefully increasing wages etc. My biggest issue with everyone hating on NFTs is the fact that your delegitimizing people who do make a living from it. And Id say you are playing an active role in devaluing their work especially by meming and joking about it.

  • @darksunrise957
    @darksunrise9572 жыл бұрын

    Videos like this make me REALLY miss being able to see the dislikes on a video...

  • @mumkichux

    @mumkichux

    2 жыл бұрын

    90 dislikes

  • @JayTraversJT

    @JayTraversJT

    2 жыл бұрын

    Just look up an extension that returns it :) Currently sitting at 164

  • @crazyface5397

    @crazyface5397

    2 жыл бұрын

    I was thinking the exact same thing.

  • @blackest3314

    @blackest3314

    2 жыл бұрын

    There are plugins for that, at least on pc. I don't know on mobile. It's bad, we are at 216/100 for the moment. I'm still watching the video but I have a feeling I already know where this is going.

  • @DoppelDoppel

    @DoppelDoppel

    2 жыл бұрын

    186 at time of reply

  • @guigondi7671
    @guigondi76712 жыл бұрын

    17:18"...For the first time in history, digital artists are selling their actual art..." What about selling comissions? doesn't that count as digital artists selling their art?

  • @vlusky_husky

    @vlusky_husky

    2 жыл бұрын

    the guy owned poliigon he's supposed to know about this stuff 💀 💀

  • @johnsmith2076
    @johnsmith2076 Жыл бұрын

    Currently 22k dislikes. Good.

  • @adriank8792
    @adriank87922 жыл бұрын

    Supporting NFT scam is one way to ruin your reputation, Andrew. Don't do it

  • @UglyRatShat

    @UglyRatShat

    Жыл бұрын

    Bruhhhh this comment section💀

  • @clementmaubert2066

    @clementmaubert2066

    10 ай бұрын

    He’s no supporting the scam, watch the video before commenting

  • @TheManinBlack9054

    @TheManinBlack9054

    8 ай бұрын

    @@clementmaubert2066 impossible

  • @scream-beam3519
    @scream-beam35192 жыл бұрын

    NFTs are not about the artist! it’s about trying to win it big without the hard work…

  • @ratshave4748

    @ratshave4748

    2 жыл бұрын

    Because only politicians can do that...

  • @ratshave4748

    @ratshave4748

    2 жыл бұрын

    @Its me or whatever I thought it earned me a free bazinga tbh...

  • @ratshave4748

    @ratshave4748

    2 жыл бұрын

    @Its me or whatever I've accumulated a massive amount of debt that I never plan on paying back.

  • @dennisthemenace567

    @dennisthemenace567

    2 жыл бұрын

    This is not what the technology does no.

  • @rutrazemog2080

    @rutrazemog2080

    2 жыл бұрын

    Oh so you love to see artists starving?

  • @schmildo
    @schmildo2 жыл бұрын

    Perhaps I’m being irrational but hope the NFT fad dies off.

  • @Brixxter

    @Brixxter

    2 жыл бұрын

    That's already happening

  • @MichellePipng
    @MichellePipng2 жыл бұрын

    I‘m not gonna lie, I’m rather disappointed. I have been distancing myself from any and all artists that support NFTs. The idea of „owning“ something when in reality you own absolutely nothing. The negative impact on the environment which just isn’t necessary for selling digital art without crypto. The constant art theft. A few success stories don’t change the fact that for most people all this system does is fuck small artists over. Fuck NFTs. All my homies hate NFTs.

  • @MichellePipng

    @MichellePipng

    2 жыл бұрын

    It’s not about the art. It’s about money. An entirely soulless industry that doesn’t care about creative value. And until crypto and nfts actually go „green“ I honestly have 0 respect for the people mindlessly making purchases.

  • @ravenflare8076

    @ravenflare8076

    2 жыл бұрын

    Such a privileged take. alot of artists in third world countries are finally able to make money from art because we have previously been unable to even get on platforms like paypal and have no art market locally. alot of my "homies" who are brilliant photographers, painters and illustrators can finally say their work is able to feed them and educate their kids, they are small artists, they arent making thousands of dollars in sales, but enough to be happy. Sure the negative impact on the environment is an issue. but so is the direct negative impact of me going to work in a factory or my friend going to mine cobalt to put in your device.

  • @LonelyKnightess

    @LonelyKnightess

    2 жыл бұрын

    @@ravenflare8076 So what? Just because this system uses the abuse of people in poorer nations so that a small number of them can make money off of the scamming of others means literally nothing. I don't support pyramid schemes even though I imagine at least one extremely badly off individual in an extremely badly off nation has become rich off them.

  • @znefas

    @znefas

    2 жыл бұрын

    You literally didn't watch the video, all of your points were addressed. Environmental issues are starting to get replaced through different methods, scams will be less likely thanks to more regulations by the governments, and the artists trying to make money will be the ones that gain the most from this, as fans that really appreciate their work are given a possibility to support the artist while also gaining bragging rights and possibly reselling said digital token in the future, the same way we might resell a unique shirt that's been signed by a previously famous football player.

  • @MichellePipng

    @MichellePipng

    2 жыл бұрын

    @@znefas i „literally“ did. You can’t deny that he rushed over the actual problems with NFTs as fast as possible, only listing possible solutions that might or might not work. You can’t undo the massive impact crypto has already had on the environment. I do admit that I‘ve been looking into green NFTs but I wouldn’t trust anything I read online with greenwashing being as apparent as it is. And small artists being the ones to profit off of NFTs instead of rich assholes and NFT dude bros trying to get richer? I’ll believe it when I see it. Also you aren’t reselling anything because you don’t own anything. It‘s like buying a photo of a signed album instead of actually getting the signed album in the mail.

  • @scaredyfish
    @scaredyfish2 жыл бұрын

    The problem identified is a real one. NFTs don’t solve that problem. Blockchain tech does not do anything that addresses the problem in any way - all it does is create a decentralised ledger of transactions. Why is a decentralised ledger of transactions a prerequisite for artists getting paid? It’s not. End of. The line “crypto needs a centralised option” fundamentally misunderstands crypto. We have centralised options already- they’re called banks, auction houses, websites - the value these places bring is trust. Beeple sold through Christies because they’re a respected, trusted institution. Crypto adds zero value - it regards trust as a flaw to be eliminated, rather than a quality to be strengthened. It’s a fundamentally wrongheaded idea.

  • @spongebobium

    @spongebobium

    2 жыл бұрын

    You will understand it later.

  • @DodaGarcia

    @DodaGarcia

    Жыл бұрын

    @@spongebobium Cool keep us posted

  • @chrisvannooten1218
    @chrisvannooten12182 жыл бұрын

    "Tech people are more optimistic", uh no. Every one of my fellow graduates from Software Engineering sees this as a massive scam, the tech behind it is slow and technically insecure because all you need is a majority vote or poorly written code as has been happening through out a lot of crypto projects, just recently someone backdoored into the NFT game Axie Infinity killing the project entirely. Not to mention how neither POW or POS solve a majority holder, 51% of either miners or validators is all you need to invalidate or forge transactions and unlike a central authority can't be held responsible as they can hide behind anonymity. You already said that selling ownership of a public domain painting existed for years without actually moving the painting so once again, NFT didn't solve anything. Selling digital art does not require a blockchain nor NFTs, a central legislative authority with a simple database will do and will do it better and more secure but likely it won't have the gambling appeal of NFTs or the ability to wash trade the price up high to absurd numbers to sucker someone in, in other words NFT's only upside is that you can scam people with them.

  • @dennisthemenace567

    @dennisthemenace567

    2 жыл бұрын

    Yet people will always do what they want (buy and sell NFTs)

  • @kuma8030

    @kuma8030

    2 жыл бұрын

    you would be right in a world where that legislative authority could do that in the whole world but they cant. nfts in this case are the most simplistic solution to that without having a shitty goverment doing shit around it

  • @huhulalammm

    @huhulalammm

    2 жыл бұрын

    what do you think will happen if metaverse becomes an everyday and important thing?

  • @Gosu9765

    @Gosu9765

    2 жыл бұрын

    For all it's worth, as a "tech" person who actually spent some time to understand how this stuff works under the hood - I'm not the optimistic one and most of the "tech" community I see is not either (unless they just look only at the market price of bitcoin for example and scream "it's the new revolution" etc.). I already made walls of text in comment threads in different videos. Can't be bothered to do so again, but believe me - you can type really big wall of issues with crypto. On NFTs as portrait by Andrew tho I made my comment here if you scroll enough.

  • @FelinePsychopath

    @FelinePsychopath

    2 жыл бұрын

    if everyone around you agrees with you, but you know there are people who don't agree with you, that doesn't mean everyone agrees with you, that just means some people aren't telling you what they believe in because you'd be hostile towards them if they did.

  • @Mu1974
    @Mu19742 жыл бұрын

    Sadly, I think a video on the art market and NFTs without any reference to money laundering as the huge economical factor it actually is feels strikingly incomplete. Many artists are still blatantly ignorant of or naïve about it and I would have loved an educational video on the big impact money laundering has on the market as a whole. Love the donut project, hadn't heard of it before!

  • @joaopdioscorides1053

    @joaopdioscorides1053

    2 жыл бұрын

    Do you ask the same in millionaire artworks sales? But of course, just like the Guru said, there's a lot of projects and artists that don't fulfill their roadmap and some of those are plain launderers and or rugpullers. Now, to prove something as big as Christie's would have their hands dirty? And worse, to be hunt something like that down without persecution?

  • @MajaroReal

    @MajaroReal

    2 жыл бұрын

    Money laundering does move a lot of money and thus its a very noisy part of the problem, but in the end its only a 0.1% of the people and artist who use NFTs, only ultra rich people. The biggest money laundering is made with cash and we are not rioting to abolish fiat.

  • @unsolicitedditkapics9722

    @unsolicitedditkapics9722

    2 жыл бұрын

    @@joaopdioscorides1053 literally yes. Art sales are notorious money laundering schemes lol

  • @ravenflare8076

    @ravenflare8076

    2 жыл бұрын

    the vast majority of NFT artists arent selling art for tens of thousands of dollars, but thats what everyone seems to focus on. i think its a dishonest argument since you can say the same for literally anything. Every single artist i personally know who is in NFTs (artists and photographers from africa) have not sold anything in the thousands of dollars. but they earn more than they did from being exploited by clients and are grateful. sure there is the scammy side and money laundering aspect and its what hits the headlines but its not the default.

  • @unsolicitedditkapics9722

    @unsolicitedditkapics9722

    2 жыл бұрын

    @@ravenflare8076 show me this "vast majority" evidence. The only people I see in NFTs are speculating dudes who are trying to strike it rich. They have no regard for the art, the artist, or artistic integrity.

  • @Spiffycaius
    @Spiffycaius2 жыл бұрын

    Coming back to this later, well this aged like milk didn't it?

  • @Mmesi737

    @Mmesi737

    Жыл бұрын

    Helpline 📲📩 QUESTIONS CAN COME IN ☝️☝️..

  • @arkham666
    @arkham666 Жыл бұрын

    Hey Andrew it's 2023. Are we all still wrong about nfts? 😅

  • @doze3705

    @doze3705

    Жыл бұрын

    Yep

  • @BabyBunny-Cottontail
    @BabyBunny-Cottontail2 жыл бұрын

    The money isn’t in NFT’s, it’s in furry NSFW.

  • @linl1966

    @linl1966

    2 жыл бұрын

    LOL

  • @Muchac54328

    @Muchac54328

    2 жыл бұрын

    This man is speaking facts

  • @supermanzac29

    @supermanzac29

    2 жыл бұрын

    True.

  • @PantherCat64

    @PantherCat64

    2 жыл бұрын

    It only hurts because it's the truth. Not a good future, but better than the other one.

  • @sequor

    @sequor

    2 жыл бұрын

    Forreal, nsfw furry art is a money fountain for those willing to draw it.

  • @alliestrauss
    @alliestrauss2 жыл бұрын

    So NFTs is money laundering. You're describing money laundering...

  • @serpenttao
    @serpenttao2 жыл бұрын

    You just spent 18 minutes explaining to me why I'm right about NFTs being at best useless and wasteful and at worst being a scam, might wanna check your title there.

  • @auferen
    @auferen11 ай бұрын

    We were right about NFTs

  • @gingerdog8203
    @gingerdog82032 жыл бұрын

    The description: "It's not about getting rich, but it is about money." Why else would someone want money? To look at it? It's not even money you could use everywhere.

  • @Abmotsad
    @Abmotsad2 жыл бұрын

    I received an "A" for the very first paper I wrote in graduate school for Philosophy. The professor handed me the paper and said, "You argued your position very well. You are completely wrong." Same here.

  • @kaksspl

    @kaksspl

    2 жыл бұрын

    Is this really a well argued position? It's all just speculations and anecdotical arguments, about as verifiable as "a friend of a friend... of a friend once said". He looks at a tiny usecase, ignoring the glaring majority of the bullshit that is happening here. Like arguing that Yakuza is good because once upon a time they helped citizens during a flood. It's still a fucking mafia.

  • @mrmaverick007

    @mrmaverick007

    2 жыл бұрын

    Thats your opinion not his

  • @rnbpl

    @rnbpl

    2 жыл бұрын

    Nobody takes Philosophy teachers seriously though

  • @unsolicitedditkapics9722

    @unsolicitedditkapics9722

    2 жыл бұрын

    @@kaksspl it sounded nice. lol

  • @mrmaverick007

    @mrmaverick007

    2 жыл бұрын

    @@rnbpl your not wrong

  • @tr3kz59
    @tr3kz5911 ай бұрын

    this didnt age well

  • @modelmaker101

    @modelmaker101

    9 ай бұрын

    your profile picture fits well lol

  • @SpringySpring04
    @SpringySpring042 жыл бұрын

    Nooo... even this cool guy was misled to NFTs... I subscribed to you just for the cool tutorials and art, not to hear lectures about economy

  • @0calvin
    @0calvin2 жыл бұрын

    Since an NFT can not actually ensure authenticity nor protect from copying, it serves no purpose.

  • @TF2Coverop

    @TF2Coverop

    2 жыл бұрын

    This. THIS! This whole crypto-bit coin whatever is just a waste of energy.

  • @dennisthemenace567

    @dennisthemenace567

    2 жыл бұрын

    I think it actually does this considering the meaning of "non-fungible." If it is possible to replicate, It is no NFT.

  • @darrennew8211

    @darrennew8211

    2 жыл бұрын

    @@dennisthemenace567 All it's ensuring the authenticity of is the NFT. It's not ensuring the authenticity of anything at all that needs knowledge of the real world to ensure. If what you want to ensure is a particular artist made the image, or that a particular person got paid for it, then you need to look other than NFTs.

  • @dennisthemenace567

    @dennisthemenace567

    2 жыл бұрын

    ​@@darrennew8211 Yes that is correct. But the art is not hard to find (it is digital) you buy the tokenized ownership of the art. As it is stated in the video, you have been ensured the "bragging rights" to say "I own X" you support the artist and receive a token in return.

  • @simonmercier6733

    @simonmercier6733

    2 жыл бұрын

    @@dennisthemenace567 But it's so fucking dumb, right. You buy an index in a bigass array of data with the link to something that lives in the bigass array. There's no ownership, no copyright, anyone can copy the artwork and just mint a new one with the exact same artwork. It's dumb, it serves no purposes, it's super wasteful environmentally speaking AND it introduces A LOT of unwanted fees because that's how you interact with the blockchain; by paying services that skim a part of the money you give them, so that they use their computing power to realize the transaction you need to do on the chain. It's so fucking dumb.

  • @52thephotoshop
    @52thephotoshop2 жыл бұрын

    Mate just sell prints it's not hard. NFTs are highly concentrated on a few key market places it has all the same problems but is way more shitty. Ape NFTs are like the perfect analogue of slime videos, the market reached peak internet at light speed and it's all downhill from here.

  • @DelanceyThrone

    @DelanceyThrone

    2 жыл бұрын

    Hard agree. And the price of the NFT, purely because it's an NFT, is like triple if not more the cost that an artist would sell an original, or a commission.

  • @Guntic
    @Guntic11 ай бұрын

    Calling this video "You're Wrong" instead of something a little more hypothetical tells you all you need to know about the attitude of this mad lad

  • @Guntic

    @Guntic

    9 ай бұрын

    Oh wow he actually changed the title! Mad lad.

  • @weewoo6480
    @weewoo64802 жыл бұрын

    I genuinely came in with an open mind wanting to change my mind about nfts and learn about them as I have never been part of the nft discussion and only ever heard rumours. And now after watching this video somehow I consider them dumber than I thought. incredible

  • @johnfrusciantefan90
    @johnfrusciantefan902 жыл бұрын

    Hm .. the question is, do you need NFTs for an artist to sell their art? I would argue that NFTs do not solve a particular problem, but it just exploded as a platform to sell art, mainly because of people speculating to make money quick. If Raf would create his own website to sell his (or other's) art, it could probably work as well as before if enough people and artists participate.

  • @maggyfrog

    @maggyfrog

    2 жыл бұрын

    NFTs right now primarily rely on the hype that they create even more hype because of the novelty aspect of being a new tech thing. it's like a form of riding trends that make people feel FOMO if they don't participate, and if they do participate, they would feed the hype to avoid the possibility of failure. it's not really the same as setting up a website so you can ship physical prints or even originals. the FOMO aspect of NFTs is sadly encouraging rampant scamming and gambling, and this kind of wave makes people want to hope for exponential profits. i really don't see regular e-commerce being able to generate this kind of attention among normies.

  • @MrBaconNater

    @MrBaconNater

    2 жыл бұрын

    No anyone can setup a website where you make the same kind of deal through with normal contacts/term of service. IE you send me 60 bucks i send you a certificate of ownership. As a matter of fact it would be better because it would be legally binding. NFTs are not. Any interaction you have with a NTFs, other the buying and selling it on the bock-chain, is all handled through normal contracts. All that stuff he said about being able to vote on the IP or whatever are not a function of NFTs. The only thing NFTs do is exist within as speculator market.

  • @buffwaldo2100

    @buffwaldo2100

    2 жыл бұрын

    (to be clear this is inreponse to OP's comment c:) Exectly ! Imo Nfts don't solve the current scummy practices within the "art industry" it jus gives em another way to thrive Like It's not gonna fix Spotify practically robbing mucsians Your still gonna get robbed but hey! Now u can sell a fancy NFT that's jus gonna get u backlash and make ur fans weary of you but u might get a cool 60 bucks! I think it would be better to try and solve these issues rather then jus embrace NFTs When I say Nfts are a fad it's because it's gonna start off hopeful but then it's just gonna go back to these same practices because we never actually fixed em in the first place

  • @therealsunnyk

    @therealsunnyk

    2 жыл бұрын

    Exactly this. There are thriving art communities on the internet which work fine just on credit cards. There's a reason the video talks about platitudes and not technology.

  • @agsystems8220

    @agsystems8220

    2 жыл бұрын

    Short answer is yes. Longer answer is that what an NFT actually is is broader than you might think, and distinct from blockchain. Given that the art is accessible by all, we need a slightly different model of ownership other than a possession based one. The fact that can be trivially copied makes the art itself valueless, so we instead trade 'ownership', which cannot be copied (non fungible). In order for computers (and people) to understand it, we have to replace the abstract concept of ownership with some sort of concrete representation, (token). People often associate NFTs with blockchains, but you don't need blockchains for NFTs. An NFT is just a representation of ownership that is guaranteed to remain unique. How that is implemented is where blockchains come in. A centralised site is certainly another implementation, but then becomes entirely reliant on that organisation, which is essentially acting as a bank. It might make sense for it to be banks to be the ones issuing these now that I think about it. Blockchain currencies are able to replace banks, but equally banks are probably most appropriate for dealing with NFTs.

  • @fizzyballast
    @fizzyballast2 жыл бұрын

    I will curse NFTs until the day I die

  • @krispywafers
    @krispywafers Жыл бұрын

    After looking at the date of the video (March 31st) and where blenderguru lives, this is too much of a coincidence for this video to be serious

  • @lucasrodillo6739
    @lucasrodillo67392 жыл бұрын

    I just skip the middle man and just set a random patch of forest on fire. Same profitability and smaller environmental impact.

  • @Dywindel
    @Dywindel2 жыл бұрын

    There is a lot of incorrect information in this video: 1) You say people are selling their art for $ values, but this is not true. Artists sell their art through a speculative coin. Coin that they must then also sell or keep depending on how they want to use it. This coin is speculative, so if it drops in value, they make no money from the transaction. 2) You mentioned that gas/transaction fees are expensive, but did not mention that those fees are also speculative and can range between $50 to $1000s within the same day. 3) You mentioned the problems with art theft, which is good, but neglected the fact that implementing solutions to this would fundimentally make the NFT no longer non-fungible. Thus, we return to the original premise of the problem. "NFTs need a centralised option" - Why not just... Not use NFTs? 4) No mention that blockchain transations are not private. Everyone can see what you sell/buy, which might not be a major issue for everyone, but is still a damning point against adoptability. 5) You neglect to mention that blockchain technilogy is not scaleable. A database of all previous transactions will scale to eventually only be storeable on a large, centralised server; thus we are back to our current banking system. 6) Also, you started the video by saying that 'without NFT payments, tranditional art would just be derative'. This is quite a laughable argument when you look at NFT art. The problems you're raising are issues with Capitalism. NFTs are still part of that system and, thus, don't fix the fundimental flaws with it.

  • @PantherCat64

    @PantherCat64

    2 жыл бұрын

    Okay wow, I feel like I've gain some interesting info here.

  • @TheHell2o
    @TheHell2o2 жыл бұрын

    I think you've missed the biggest problem with NFTs, they aren't needed for any of the positives you outline. There is no reason that 'sale of ownership' or whatever other supposed benefits NFTs provide need to be built on blockchain/NFT systems. Sale of ownership, resale profit split and IP rights can all be handled through legal contracts. As for the idea of art that changes every time it is sold, it seems a niche novelty but even if it became a mainstream form of art there is no need to attach it to a blockchain based system. Each of the capabilities that you ascribe to NFTs could be implemented in a centralized platform (or as an extension to an existing platform like Patreon) without any use of blockchain nonsense and this could also remove at least two of the limitations inherent to NFTs: Minting cost could be removed entirely, this acts as both a barrier to entry and an added risk to artists since now they need to make back their investment. Minting (or indeed any action that affects the blockchain) has to have a cost associated with it in a blockchain based system in order to prevent either massive bloat to the chain or the chain slowing to a crawl. Security can function like any other web platform. Blockchains are built as a fundamentally 'trustless' system meaning that any action on the blockchain must be validated by all (or at least >50% of) other users of the blockchain, this sounds good until you realise that the only validation that other users of the blockchain can do is cryptographic validation. This means that as far as the blockchain is concerned if some has your password, they are you, and because actions on the blockchain cannot be reversed, you're screwed, your money is now their money. Compare this to any non-blockchain platform: Twitter, Facebook, KZread, PayPal, Patreon, etc where if your account is hacked, you can contact support and undo just about any damage they managed to do. Finally in response to your claim that Ethereum will become better for the environment if it ever actually moves to proof of stake, that is only true in comparison to it's current proof of work system which is obviously wildly inefficient. It is true that getting rid of all the GPUs/ASICs that currently just produce waste heat is an improvement but even without those systems blockchains are fundamentally built around massive redundancy since all changes to the blockchain need to be checked by at least every full node on the network. This would still mean at least hundreds of computers all doing the exact same calculations, just to be sure they all get the same result. A centralized system only needs to do that work once. tl;dr: blockchain and NFTs aren't magic and I have yet to see a problem (outside of committing crimes) that is better solved by blockchain than by some other solution. Even in the situations where it's presented as a solution it is outperformed by other options.

  • @rnbpl

    @rnbpl

    2 жыл бұрын

    bro, nobody really cares about the environment. you produce 100x as much CO2 as the average african and you will never change your lifestyle enough to make a difference.

  • @TheHell2o

    @TheHell2o

    2 жыл бұрын

    @@rnbpl I never said anything about changing anyone's lifestyle. I simply argued that if someone is going to build a system that does these things then perhaps it would be better to build it in a way that is not wildly inefficient.

  • @Zetaphor

    @Zetaphor

    2 жыл бұрын

    "This would still mean at least hundreds of computers all doing the exact same calculations, just to be sure they all get the same result. A centralized system only needs to do that work once." You're not entirely correct here, things like content distribution networks and load balancers/failovers are effectively doing the same thing. They duplicate content across continents to ensure fast delivery and require massive data centers to operate, which in turn have enormous electrical, cooling, and maintenance costs. A good example is Netflix, they ship computers directly to your ISP full of duplicated content so that you get your stream faster than if all of their customers were to reach out to their central servers.

  • @omicron1100

    @omicron1100

    2 жыл бұрын

    Its primary appeal is non-reliance on a centralized authority, or rather a blockchain authority that can in theory be highly democratized. Instead of one government being that enforcer, it's the entire internet (really those who are on that Blockchain ecosystem)

  • @dennisthemenace567

    @dennisthemenace567

    2 жыл бұрын

    Allows for the product to be decentralized so it’s never regulated by just one entity who couldn’t be trusted to act in your interest only their own. When many are incentivized because their own interest is to do what protects your ownership, then they do what helps them and helps you. -This is the innovation of NFTs: decentralized securitization.

  • @HELLOhelloHELLOhelloHELLO
    @HELLOhelloHELLOhelloHELLO2 жыл бұрын

    the fall of a legend unsubbed

  • @happies444
    @happies4442 жыл бұрын

    Imagine sending your donut only to be turned into a nft 💀

  • @saebelorn
    @saebelorn2 жыл бұрын

    Watch 'Line Goes Up' for a more convincing negative review of NFTs and the real issues with them. It's not just speculation that's the problem, the technology itself isn't yet fit for purpose.

  • @bloedsinnik
    @bloedsinnik2 жыл бұрын

    NFT actually stands for no fucking thanks

  • @Omidion
    @Omidion Жыл бұрын

    Gotta do a "You're Wrong About NFTs (part 2)" :D

  • @UsulBard
    @UsulBard2 жыл бұрын

    The big thing that arguments for NFTs seem to miss is that none of this requires blockchain technology, which actively hurts the environment. You don't need blockchain to keep a registry of certificates of ownership. In fact, we will still require traditional databases in order to keep track of which token points to which specific piece of art and who owns that art. Your example of a certificate for physical art is a great analogy, but that certificate doesn't use blockchain technology to keep track of the owner. Right now, people are just using NFTs to make quick cash because people are throwing money around not understanding the concepts. Artists, if you want to sell ownership of your art, you can do this without NFTs. You could probably sell a certificate over Ebay. Then, you can put the buyer's name/screenname next to the picture of the art on your website's portfolio. And not a single NFT is needed.

  • @SwedishYouthHumanist
    @SwedishYouthHumanist2 жыл бұрын

    There are people who buy physical art for themselves with no intention of ever selling it. Are there any people buying NFTs without intending to sell it at some point? No, there aren't and that should be all the warning we need. I hate NFTs and will never support it.

  • @xyre8443

    @xyre8443

    2 жыл бұрын

    becuz NFTs is not art at all, god it's really annoying tbh

  • @calvinl5726

    @calvinl5726

    2 жыл бұрын

    Ok

  • @Greenhourglass

    @Greenhourglass

    2 жыл бұрын

    hell, i already buy DIGITAL art for myself. and I don't need some stupid blockchain to "prove" who made it or who owns it. and I will never ever buy an NFT.

  • @pixhammer

    @pixhammer

    2 жыл бұрын

    "Are there any people buying NFTs without intending to sell it at some point? No" ... Me

  • @rahulgaur9445

    @rahulgaur9445

    2 жыл бұрын

    Me. Not selling lots of 1/1 art I've bought.

  • @SyntheticFuture
    @SyntheticFuture2 жыл бұрын

    Having watched "line goes up" and several deep dives on the topic of NFT's I am cocky enough to say my view of NFT's is not wrong. It's just the next speculative market thing. And the people that make money of it? Not artists but mostly marketing specialists. And if they are artists they often have huge dedicated fanbase already and have a steady stream of income. This isn't helping the "little man". This is just more whale food.

  • @MichaelFlynn0

    @MichaelFlynn0

    2 жыл бұрын

    I watched it twice. And sent it to all my friends that said to me -- you should do an NFT. Afterwards they say -- Ahhhh - I see why you are not sold on the whole fiasco.

  • @rutrazemog2080

    @rutrazemog2080

    2 жыл бұрын

    Lol everyone who saw that shitty biased two hour video thinks now they are an expert. Good riddance I say, let NFTs with people with open minds and creativity.

  • @Deadener

    @Deadener

    2 жыл бұрын

    @@rutrazemog2080 The bored ape type shit (which is absolutely everywhere) is some of the least creative artwork I've ever seen in my life. It's anti-creativity. It encourages randomly generated artwork instead of real creative one-of-a-kind pieces. It's as fake as your concept of an "open mind".

  • @KillerKyuubi

    @KillerKyuubi

    2 жыл бұрын

    @@rutrazemog2080 What issue are NFTs solving that can't already be done with like...commissioning artists directly and utilizing copyright laws?

  • @medqua

    @medqua

    2 жыл бұрын

    @@rutrazemog2080 you mean ponzi schemes.

  • @tjaartandriesbosua9248
    @tjaartandriesbosua92482 жыл бұрын

    Yeah I am pretty sure that NFT's has nothing to do with the "art" that is attached to it, and its all about the blockcain technology, and the "art" is just a placeholder

  • @desadesa
    @desadesa Жыл бұрын

    Aged like milk

  • @doze3705

    @doze3705

    Жыл бұрын

    Why? Global markets have all been hit hard because of conditions impacting the economy.. younger and smaller markets are naturally more volatile and experience sharper moves up or down. The value of assets decreasing as all global markets decrease doesn't really prove anything. The tech is still useful for many, and the people that buy artwork NFTs to support their favorite artists are by and large still very happy with their purchases.

  • @BunzJackson

    @BunzJackson

    11 ай бұрын

    @@doze3705 the only market going strong is the copium trade I see

  • @doze3705

    @doze3705

    10 ай бұрын

    @@BunzJackson Are you studying economics with your eyes closed? The S&P is nearly back at it's previous all time high. Crypto has been hurting, but its no different than previous corrections after a year or two of explosive growth. Notice how BTC/ETH are both holding support at many multiples above their previous lower support levels? Sure, people 'investing' blindly at the top got burned, but the same thing can be said about people that invested in Tesla at the top.

  • @Zenith_Star69

    @Zenith_Star69

    8 ай бұрын

    ​@@doze3705cope

  • @MichelDood
    @MichelDood2 жыл бұрын

    Pretending like there is or there's going to be a significant amountof "die hard fans" purchasing nfts perfectly exemplifies the dishonesty and delusions of nft bros lmao

  • @Yodd

    @Yodd

    2 жыл бұрын

    Spot on, even die hard fans would not pay for things they can get for free. People downloaded and streamed movies, games and music illegally since beginning of time, why the hell would they start paying now.

  • @saforder
    @saforder2 жыл бұрын

    It is always the same when people try to defend NFTs. Nothing you have said as a benefit is actually a result of the technology and can be achieved in other ways better. If people want to support an artist there are already mechanisms for that. You say artist can only sell there art as an NFT which I won't even start with how incorrect it is. If someone is a fan they will want to support the artist with a purchase or donation its been the same for the last 2000+ years. The only benefit to NFTs are the hype of profiting off someone else's work. While I agree value is in the eye of the beholder I question any artist who chooses to participate in what is an exploitative market for both the planet and the buyers who will inevitably lose out when the music stops.

  • @maggyfrog

    @maggyfrog

    2 жыл бұрын

    personally as an art nerd, i am strongly of the opinion that art is not a democracy. sure, people should be able to OWN art, but to democratize the standard of what has artistic merit and what is essentially garbage is the problem with art NFT. artistic value is not at the center of it, and in place of that is hype. all the intangible human musings people associate with physical art don't usually figure when most people make their own NFTs. i don't think anyone's ever stared at an art NFT and felt what one can feel looking at vermeer or goya or japanese prints like the famous hokusai works. i think art NFT will continue to suffer this scam image so long as there are NFTs created for the sole purpose of hype.

  • @rnbpl

    @rnbpl

    2 жыл бұрын

    There's another benefit to NFTs which is that it is leaving behind communist artists who don't understand basic economics. It's good that you stay away from it, we don't want people like you.

  • @rnbpl

    @rnbpl

    2 жыл бұрын

    @@maggyfrog nobody cares, commie. the buyer decides what the value is, not you.

  • @dennisthemenace567

    @dennisthemenace567

    2 жыл бұрын

    This is not true! NFTs allow art to be traded on a digital marketplace and for owners to know what they purchase is with them and them alone safely. I will only ever buy what something is worth to me. The same always goes for others. If people are willing to purchase a risk then they are willing to purchase that risk. You disagreeing with how they act doesn't disable the medium of NFTs from working and potentially being the best way to get artists the compensation they need to do the amazing work they do full-time. The tech takes out a very upset middleman who will want to keep his control over markets. But markets do not need a middleman anymore. Only buyer and seller. People can serve each other and they don't need anyone to tell them how or why besides themselves.

  • @KillerKyuubi

    @KillerKyuubi

    2 жыл бұрын

    This. When I like someone's art and want my own, I just.....commission them? And tip them when I think they're undercharging. And for others art, if they either don't have commissions open or it's not my style to commission them, I'll share their art so other people who DO like them can be exposed to them. NFTs are trying to solve problems that itself is helping create.

  • @serpent7553
    @serpent75532 жыл бұрын

    Bro, please don’t cancel yourself on this

  • @Mmesi737

    @Mmesi737

    Жыл бұрын

    Helpline 📲📩 QUESTIONS CAN COME IN ☝️☝️..

  • @Tyrunz

    @Tyrunz

    Жыл бұрын

    Don't worry, his political beliefs, his racist, homophobic and misogynistic tendencies will take care of him sooner or later...

  • @senboy9002

    @senboy9002

    Жыл бұрын

    @@Tyrunz I only watch this channel for the blender tutorials, what were those? I don't really doubt it, if he's already a crypto fan then he's probably also affiliated with other adjacent spaces

  • @Tyrunz

    @Tyrunz

    Жыл бұрын

    @@senboy9002 the thread was deleted but someone made a compilation of all his shitty takes, you can find a backup archive of it by googling it

  • @pantsdraws
    @pantsdraws2 жыл бұрын

    This video contradicts itself so many times its actually hilarious. And don’t even get me started on the comment section- everyone is spitting truth

  • @themanwhospeaks8010

    @themanwhospeaks8010

    2 жыл бұрын

    _you are possessed by memes_

  • @sockpocketpre-alpha8258

    @sockpocketpre-alpha8258

    Жыл бұрын

    can you point out the times where he contradicts himself so many times? timestamps or somethin idk

  • @magni319
    @magni3192 жыл бұрын

    NFTs don't mean anything. You don't buy commercial rights, you don't buy any rights. It's literally meaningless.

  • @jed2923

    @jed2923

    2 жыл бұрын

    Then don't buy nfts, why do people care what other people spend their money on. I could say the same for buying art pieces, don't own the rights when you purchase a painting

  • @mercurial6480

    @mercurial6480

    2 жыл бұрын

    @@jed2923 people care about environment and nft bring no practicality, no benefits for the humanity, nothing at all, it's just another way to get just one step closer to the American dream - do nothing and get a lot of money.

  • @Ki_Adi_Mundi

    @Ki_Adi_Mundi

    2 жыл бұрын

    @@jed2923 Because the perceived "likeability" of nfts is making them ubiquitous in every industry. Which will make them unavoidable in the long term, whether you like them right now or not.

  • @nargaman261

    @nargaman261

    2 жыл бұрын

    @@jed2923 Because idiots circle jerking the blockchain cause enviromental harm and are absolutely not helpful for the ongoing chip crisis

  • @Harpysisters

    @Harpysisters

    2 жыл бұрын

    @@jed2923 Did you watch the video? Andrew cares what other people spend their money on. He wants people to buy into NFTs and finishes off the video with a link to his own.

  • @0Blueaura
    @0Blueaura2 жыл бұрын

    Are you sure about that

  • @aoshinn
    @aoshinn2 жыл бұрын

    Is this an April Fools video? Seriously. You made a whole career out of a freeware, made by programmers and artists working - initially - mostly on commissions and you bring THAT MUCH of a bad take?

  • @nephritedreams

    @nephritedreams

    2 жыл бұрын

    ​@L D according to his community post he hasnt been able to sell it at all lmao

  • @johnschwalb

    @johnschwalb

    2 жыл бұрын

    I agree artists should just make us free stuff!

  • @AshtonK1816
    @AshtonK18162 жыл бұрын

    For a second I was worried that I’d fallen for your April fools joke, but alas you posted this on 3/31.