Fun fact for artists: *There aren't any background checks to make sure an NFT seller is the creator.* The market is new, and it's a free-for-all. The only real background check for NFTs right now is the check to make sure there isn't a duplicate NFT on the market. This means that if you wanna make an NFT with your art, you have to do it hoping that an art thief hasn't already made one of yours. If you wanna take down an NFT yourself you're gonna need a lot of lawyers to sue them- because not only are NFTs such a new thing that the lawyer you actually _can_ afford won't be trained in it, but the person who's sold your work for big cash/crypto now has more than enough money to fight you in court. Not only are NFTs unregulated environmentally, they suck in every way possible for small artists with no recognition.

@blackopal3138

3 жыл бұрын

unless your work has never been published or uploaded. thats what i dont get about the platforms. they require your portfolio to be on a cloud somewhere. im like, isnt that defeating the reason for your existence?

@HelloOnepiece

3 жыл бұрын

Also, there are a million of Crypto networks, so there can be millions of originals, heck vreating a new system is not that hard either....

@icarus550

3 жыл бұрын

There are no background checks when selling physical or digital art anyway.

@asbrozek64

3 жыл бұрын

As far as I can tell, there is nothing inherent about the NFT system that claims original ownership. So you can just upload your own copy and claim you are the actual creator, hopefully with some info to back it up.

@fatisummer9106

3 жыл бұрын

@@blackopal3138 you can create on a private portfolio where no one can see without a link to it

So much money to be made in NFTs because of the crypto whales though tbh. I'm just a glad to be a part n understand the space so well. Just got into Bangsta Bears nft and the community is awesome, I've learned a crap ton!

@Nothers90

2 жыл бұрын

*screenshot your nfts*

@buzzlightyer2948

Жыл бұрын

ratio

I don't know why but the more you've explained this...the more icky it feels. But thank you for explaining it & researching it. Because I didn't want to lol!

@christoliver2065

2 жыл бұрын

Weird. The more I watched this video the more I think everyone overreacted about NFTs. Edit: nvm talked to my friend who actually does cryptography. It's like a lot worse than it seems on a lot of fronts.

@wombatcube

2 жыл бұрын

@@christoliver2065 Cool .....I had some misgivings before the video too so....and if you don't believe in climate change I can see why you'd say this fella's overreacting. personally, after five months, I'd say I still feel icky about NFTs because it's already really hard to get noticed as an artist.....but new gatekeeping tactics are the norm, these days.

@PROPAGANDASHAND

2 жыл бұрын

Ah, the world is going to be a bit different... soon....

I don't think NFTs are going to disappear anytime soon, but I don't think we can ignore the fact that all of the current buzz revolves more around the money than the art itself. People are purchasing these art pieces with the intention of selling them at a later point for more money. It is an investment in the relative perceived value of a digital asset. So for newer / undiscovered artist, I see this as being a waste of time. Even if you are an incredibly skilled artist, if there isn't any value attached to your name, you probably won't fair well on these platforms, as the major players involved are more interested in money than art.

@voiceofreason1613

2 жыл бұрын

That's what I'm nervous about. Being one of the more skilled artist and getting ignored.

@r.jguerra5526

2 жыл бұрын

@@voiceofreason1613 the best people don't always stand out, that's frustrating

@meBethany101

2 жыл бұрын

Not to be blunt but the selling.. of art has always been about money. Also money laundering.. now they have just modernised it

@T4eva

2 жыл бұрын

Oh Jesus :( I don’t think we like that.

@thenman23

2 жыл бұрын

the artists earned royalties on every sale lmfao

Great explanation and I’m glad you gave your honest take on it. To me, it seems like the idea of an NFT cheapens the art people create. It becomes a commodity and the sole purpose is to make money. I like that it’s a way for artists to make more money but it kinda defeats the whole purpose of art which is the create an idea or a feeling not to poop out a picture and hope to make a million with it within a year.

@rettenthetetlen8759

2 жыл бұрын

It's not a big sacrifice if you don't necessarily have to work 40 hours a week to live off. Loosing time, energy and creativity = waste of time while you not making art. Live off making art is sooo difficult sad but true.

what you were saying about the gas price reminds me of how the people who made the real money in the gold rush were the people who sold the shovels

@wavypeso

3 жыл бұрын

This comment right here tho

@alil8270

3 жыл бұрын

Bruhhhhhhh !!!!

@Ilovesushi123456

2 жыл бұрын

Dude, so true.

As an artist who's been around plenty of people that collect original art, this seems more to me like an art stock market rather than a collectible market. People who collect physical art want to display it. They want to get up close to it and experience it. Many times it's a memento of the relationship between the artist and the buyer. When an artist signs something for you, or personalizes it with a note that resonates with you, it becomes really meaningful. NFTs, on the other hand, seem at this point to be a stock market for digital art. And while it seems to be paying off now for some (and who knows - I might dip my toe in it), it never in its current form will have the significance to someone that an original, commissioned piece of art can.

@TheFinalGate_

3 жыл бұрын

Money talks though

@KeshArt

3 жыл бұрын

This is such an underrated comment. An important observation that needs to be made

@nickreeder2979

3 жыл бұрын

Well said.

@hankzhong

3 жыл бұрын

I have the exact same sentiment. You're basically buying a piece of paper that says you own this art work, without the actual physical art. I think what is interesting is actually using the NFT to authenticate a real physical piece of art. There will always be fraud and forgery, but the combination of having to replicate an artist's unique physical piece AND an NFT is magnitudes more difficult than either one alone.

@ryuugaeisen8946

3 жыл бұрын

This is so true.

THANKYOU for explaining this is a way I totally understood it - Cheers Brad!

@thebradcolbow

3 жыл бұрын

It's all those hours on clubhouse in the NFT rooms 😄

@MajeedaArt

3 жыл бұрын

Yes! I have been seeing so much about this lately but much of the information is a bit confusing I appreciate the way the info was simplified :)

@clairecar9390

3 жыл бұрын

Yes thank you! New sub ☮️

@JAPARICOFOREX

3 жыл бұрын

@@clairecar9390 I also did a live event about NFTs yesterday but Brads explanation is easier and makes more sense.

@acap2025

3 жыл бұрын

@@thebradcolbow Do you buy a token to go along with all your pieces of art or do you have to buy a token for each different piece of art you make and put on the site?

Sweet! Another thing I will completely fail to capitalize on!

@Schroefdoppie

3 жыл бұрын

Yup

@chibuzorawanye8662

3 жыл бұрын

Same

@metagirl2573

3 жыл бұрын

that’s what you think;)

@frostreaper1607

3 жыл бұрын

Same, the entry price is already high and it’ll only go up I guess.

@jagz888

3 жыл бұрын

@@frostreaper1607 it will go up which is exactly why you should do it, many will give up and those that don't will likely succeed I want the price to rise eliminating my competition

Investment is very good and necessary

@ednerklax4456

3 жыл бұрын

I trade my bitcoin and other crypto currencies with a broker and make lots of profit that's my investment

@houstonlamer1731

3 жыл бұрын

Because of the market fluctuating price, Investing in online trading now will be the wisest thing to do especially that it's very profitable

@houstonlamer1731

3 жыл бұрын

Online trading is really profitable as an investment

@luckiestjames7254

3 жыл бұрын

I know its wise to invest in bitcoin but as the price is rising its likely to fall, so I am afraid of investing

@queenjones5692

3 жыл бұрын

Trading experts are not easy to find

I'm here because someone on Twitter allegedly had their art "stolen" when someone else uploaded their art on one of these sites. If the artist didn't upload their work themselves and publicly condemned the "authentic" copy, would this work the same way that market forces do and the guy who stole it basically just paid gas for something no one would buy because of it's stolen nature? I think this is super interesting, especially the part that talks about how we think about money and value for digital, arguably immaterial(?), things. Even more when you think that our current intellectual property laws don't even cover this area yet.

@uwumarii

3 жыл бұрын

This is the question that's been bugging me while watching "what is nft videos" Why has no one talked about this??

@wavypeso

3 жыл бұрын

Sketchy af

@thosoz3431

2 жыл бұрын

Excellent post. Would be a good follow up video.

@m.p.3839

2 жыл бұрын

Mu biggest fear stolen

Damn man - you just bring art community content to a whole new level I can’t thank you enough!

@thebradcolbow

3 жыл бұрын

Haha, thanks man, that means a lot coming from you. I rewrote this script several times to make it accurate and not to get bogged down in the weeds which is very easy to do with this topic.

@abcdef2072

3 жыл бұрын

@@thebradcolbow Hey Brad, thank you a lot for your video. I don't judge anybody who does NFT, I know it's complicated and artists who have been undervalued for so long are happy to finally have a tool that values their work properly. But I feel as if the video passage on the downsides downplays the negative effects a little too much in comparison to all the benefits that you emphasize a lot. (I do understand. A lot of the things you mentioned excite me, too. But I think NFTs are a lot more critical than presented in the video.) There is a strongly worded article on Medium that explains the problems and whereas I know its tone is really sharp I think the points it makes are still worth considering. Maybe you could look into this? everestpipkin.medium.com/but-the-environmental-issues-with-cryptoart-1128ef72e6a3

@Thesamurai1999

3 жыл бұрын

Adam, here’s your opportunity to become a millionaire 🤩

@adrianboysel

3 жыл бұрын

He's a boss!

Thank you for the unintimidating, easy to understand way of explaining this. Its so easy to get distracted by all the noise and the gold rush mentality and lose all control for a money grab. You explained this very well. Thanks again!

This video was sooo necessary! Thanks for that. I think you summarized it the best possible way. Cheers

"focus on creating" that is the perfect advice. Plan for 10 years of creating. Start now, make 1 artwork per month.

@Ilovesushi123456

2 жыл бұрын

Exactly! The more developed your style is the more people will know who you are.

This is the best channel for digital art. I really love the quality of content and your way of teaching :)

Crypto currency is also increasing the demand on video cards which is raising the price of PCs that I'm trying to buy.......

@spicydraks

3 жыл бұрын

Nvidia and AMD said they would throttle mining in their cards (not all of them) so that should balance it out again hopefully

@JiorujiDerako

3 жыл бұрын

@@spicydraks Take at least Nvidia's claims with a grain of salt, they're also selling mining-only cards now which are even worse because they're driver-locked to be rendered useless for anything else (because they didn't like how with the 10xx series, when the mining crashed, miners sold their used cards and gamers were able to get them cheap and not buy the 20xx series like Nvidia wanted them to do). Demand is still going to be up a bit now that mining seems to be getting popular again, the mining-only cards might help with the prices a bit, but then further down the line, you won't have that option to buy those used cards, and those cards are likely destined for landfills as a result. LinusTechTips has a pretty insightful rundown on it.

@astercast

3 жыл бұрын

Because it’s the future. Stop gaming and learn.

@mfatihbilhaq4977

3 жыл бұрын

@@astercast game developers : *don't*

@hayaokakizaki4463

3 жыл бұрын

I just wanna play video games!

As much as I study this I feel like I still don't understand the real use or how it helps anything

@overtarget

3 жыл бұрын

Money laundering bro, even my nephew knw it. Lol!

@juannaym8488

3 жыл бұрын

That's because it doesn't

@X8X8X6X4X

2 жыл бұрын

It doesn't help humanity, only rich people with an abundance of money

@GenevieveKim

2 жыл бұрын

The biggest benefit to this is ensuring that artists are properly compensated for their artwork. With a token, usage and terms for usage along with compensation can be monitored. This is great for artists for multiple reasons. Let's say you are a professional photographer and someone decided to take your photos screenprint them onto a whole bunch of t-shirts and sell the t-shirts at $100 a piece. Technically under artist copyright laws this is illegal, however, this happens all the time, and artists often do not get compensated even though there would be no t-shirt without your photos. So in order to prevent this from happening, you could turn your photos into NFTs and ensure that you are compensated for any purchase or future use. Also, you can determine the terms of usage. So if you don't want your photos ever put on a t-shirt, you can write those terms into your contract. You can also also set the terms such that you can get a royalty anytime someone does sell a t-shirt using your photo. The beauty is you can be making money off of every t-shirt that uses your photo without having to do more "work." It's like having a digital widget. Hope that helps explain things! As an artist, I think this is pretty amazing because artists get ripped off all the time, especially with digital art. People steal things off the internet and use it to make money without any acknowledgment to the artist, and in the end, if it weren't for the artist, there wouldn't be a "$100 t-shirt" to sell.

@reginaschmidt4904

2 жыл бұрын

@@GenevieveKim Thanks for the explanation. What I still would wonder about: okay, so maybe one can 100% see who created the piece of art, but what if someone screenshots the pic simply and then prints the t-shirts. The NFT-creator/artist would have to get lawyers involved to claim his rights -> a ton of costs and maybe even no success... especially if the person who "stole" the art is somewhere far away and/or not to be located. And also: if they sell the NFT-piece -> do they just sell the access or the piece and the rights to it alltogether or can that be different? I mean: who will track if the access gets bought, but then t-shirts are printed from it. I am really asking out of curiosity, because I can't see it and I also suspect money laundering to be the real reason hahaha I can t wrap my head around anyone spending thousands on on some digital graphic ._. at least not to this extend at that the NFT sells are presented - like: "Anyone can create and sell - Get rich now" ... it seems like it s some money new market especially to do money laundering

So THIS is what everyone has been screaming about on my twitter for the past week. I seriously had no idea and just thought everyone suddenly had this mighty need to draw bigfoot. The more you know!

Thanks for clearing a lot of questions I had. Appreciate the time you took for the research.

I was so confused about the whole situation, I'm glad you explained it in a simple manner. being away from social media this year was a smart choice until controversial topics like this one emerges 😂

There are some interesting aspects about NFTs for the future, but currently, with the way they affect the environment, I definitely can't support something reprehensible like that.

@bluepterosaur

3 жыл бұрын

How do they effect the environment

@bluepterosaur

3 жыл бұрын

It’s digital?

@NoblesseOblige-17

3 жыл бұрын

@@bluepterosaur Every operation with PoW Blockchain (which NFTs are based on) demands a disgusting amount of electricity to be used.

@shinkamui

3 жыл бұрын

is the carbon footprint from that higher than making prints and shipping it across the world? cause if they can replace prints, might be overall worth it

@renjithjoseph7135

3 жыл бұрын

Trying to get virtue signallers to think.... Best of luck.

Believe me when I say I saw a few videos of NFT’s and was more confused this video explained everything crisp and sharp man thank you

Omg this helped me and my dad so much, tysm brad!

Nah. Someone paid $19,000 to 'believe' they own that jpg. Which we can all still use freely as this video did.

@datvuong7420

3 жыл бұрын

I have the same thought, still don't understand NFT

@pabloescobar4555

3 жыл бұрын

Its like an identical reprint

@HalkerVeil

3 жыл бұрын

@@pabloescobar4555 Honestly I think it's all about copyright law. IF someone owns an NFT they want to say, "I own this! You must take it down! You can't use this in your video!" If that happens, the NFT system is going down. And all of it will lose value.

@pabloescobar4555

3 жыл бұрын

@@HalkerVeil thank you for this explanation i personally dont know much about nfts

Thank you for the video, Brad! What I'm worried about is how people might use NFTs for large scale art theft. If the NFT is tied to normal jpgs (or pngs or what-have-you) then what stops people to take a jpg from an artist's social media account and register it as an NFT that they can sell. Now they can make even bigger bank than just stealing artworks for t-shirt printing websites. Big, curated galleries might conduct background checks but they restrict which artists can sell their art through them. As there are also other websites like the ones you mentioned in the video I can see these being a big problem for smaller artists. Or bigger artists without a lot of money! For indie artists fame/following doesn't always translate into big bucks. Even a lot of famous digital artists are just very average people financially. The costs of turning their art into an NFT may be too high for them to be feasable but at the same time not turning it into an NFT might mean they're not protected against art thieves with more resources available. There is so much art theft already, as an independent artist this really worries me.

@SchemingGoldberg

3 жыл бұрын

What stops it is copyright law. If somebody did that, they would very quickly get dragged into copyright court. There are many lawyers who are willing to work for free, especially for cases where they are guaranteed to win (such as if you can easily prove that the art is stolen).

@abcdef2072

3 жыл бұрын

@@SchemingGoldberg I'm not sure how realistic that is, tbh. I feel like a lot of people want to fall back on that "it's protected by law" narrative whereas the practical reality looks different for many people. I've already seen two examples by people on twitter whose art has been wrongfully minted by other people. This may be a big problem if you consider the international scale of the internet and the digital art world. Cryptoart doesn't just happen in an enclosed national space, e.g., it's not just done by US Americans for US Americans etc. If a website is hosted in a foreign country with different copyright laws (or different willingness to enforce laws) then this might make regulation much harder if someone mints your work. On the other hand, even if we are talking about reputable websites foreign artists might have a hard time accessing law enforcement in this country. There may be language barriers which make entering the procedure hard, intimidating or impossible, knowledge barriers wrt foreign law or financial barriers (who says everyone will have access to a free laywer? It's great there are those who do it in the US (I assume) but that doesn't guarantee they will be available for everyone, let alone in any country where the art theft happens, or that they all will represent international clients). And lastly, it's also possible that you just don't notice if your art gets stolen. The internet is a vast place and there are a lot of artists who only learn much later or never about an art theft. I do think it's a realistic threat and whereas I don't think copyright laws are useless I think they will not protect people as much as they hope they will.

@SchemingGoldberg

3 жыл бұрын

@@abcdef2072 Copyright law is almost entirely universal, there's only a tiny handful of countries which don't abide by it, look up the Berne Convention. And DMCA is universal even across countries. Also, the only law that matters is the law of the marketplace. If the marketplace is in the USA, then it will abide by USA copyright laws. And every marketplace has a system for reporting fraudulent art (without needing to drag them to court). There may be some isolated incidents, but I don't think it will be that widespread, especially on the marketplaces which require approval.

@TheUbernuck

2 жыл бұрын

@@SchemingGoldberg The only ones that copyright law helps protect are big companies. I have never seen a small artist be able to get a company to stop selling stolen art.

@SchemingGoldberg

2 жыл бұрын

@@TheUbernuck Yes, I agree, I think copyright and patents should be completely abolished. However, even without copyright there are ways for an artist to prove that they are the creator. And then it will be up to the NFT marketplace to curate the submissions. If they don't curate, then they will get a bad reputation, which means the rich high art collectors won't use that marketplace. So it's still a non-problem even in that case.

Loved your simplified explanation of block chain and the art angle to it

Awesome and candid video. Exactly the info and tone I was looking for. Thanks Brad!

Thank you very much for the information. You hit the point!! The fees: the main reason that will finally clean all the stuff generated by the initial NFT fever. Everybody consider they may get rich during a weekend, after paying almost $100 fees, to put their "art" in a infinite beach full of sand grains. Briefing: are you an artist? This is an excellent way of selling your art. You don't have experience as an artist? Think twice the fees you're going to pay/waste...

@aintcappin

3 жыл бұрын

@J H yes. Everytime you sell an art you gotta pay

Love that you point out not only the potential of NFTs but also the caveats, especially the environmental impact of crypto. Yes, I'm aware there are also cryptocurrencies that use mechanisms other than proof-of-work (a.k.a. mining) in order to mitigiate the environmental impact, but right now Bitcoin is still the big player and the total energy consumed by mining outclasses entire countries.

@pepudin

3 жыл бұрын

But the problem is how the electrical energy is produced (a.k.a fossil fuels,coal), not the mining of Bitcoin. If for example the energy came from solar panels there wouldn't be a problem. We need to fight the source of the problem...

@naiknaik8812

3 жыл бұрын

But tbh that sounds like a problem of the energy souce itself, not bitcoin.

@peppamunky

3 жыл бұрын

@@naiknaik8812 it's a problem of both. It's like saying a car that produces a lot of emissions doesn't have a problem, the problem is that the car uses fuel.

@SchemingGoldberg

3 жыл бұрын

NFTs don't use Bitcoin, they use Ethereum. And Ethereum is switching to proof of stake, which uses WAY less power.

@peppamunky

3 жыл бұрын

@@CygnusOrb do you have a source for that? I’m not being snarky, the environmental impact is my only hang up

@Brad The best video I've seen on NFTs. Love! Thank you for this super easy explanation.

Very helpful video, thanks for clarifying so effectively what this all means

@tonichibutial52

2 жыл бұрын

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Thank you sooo much! I always had the feeling I NEED to do this now and felt a lot of pressure - so thank you for giving me some more arguments to wait! :)

Gotta say I am glad you mentioned the carbon footprint too only video I've found that mentioned it

@HAL_NOVEMILA

3 жыл бұрын

Yeah, though he should have really talked about it (not just mentioned it), because many just don't not realize how ludicrously big the carbon footprint of crypto art really is... There's really no way to make partecipating in this market morally justifiable

@StupidSmut

3 жыл бұрын

@@CygnusOrb 39% of what massive usage ?

@StupidSmut

3 жыл бұрын

@@CygnusOrb it does help

@VimeleosZen

3 жыл бұрын

Yeah probably because they don't want to discourage others or put crypto art in a bad light by mentioning a con.

@sleepy3362

3 жыл бұрын

@@HAL_NOVEMILA I really hope that you are vegan.

Looking for this type of detailed video on Crypto-Art. Thank you!

Saw a lot of videos to understand this but you made it. Got it somewhat now. Thanks a ton 🙂

Thanks for keeping us updated.

It’s gonna end up that someone famous owned the art and that’s how it gets it’s value .. nothings changed

@millionaireincorporated6280

3 жыл бұрын

definitely an interesting space, and I can definitely see that aspect to it. I think there might be another evolution to NFT's that will make them more valuable to own (I don't know what though, just a thought)

@user-mx4vd4ow2e

2 жыл бұрын

@@benisrood They did.

The most useful video about crypto art i've seen. Thanks

Wow this is the best explanation I’ve seen thank you

Not about art at all, simply best money laundering process ever!

Reminds me of those pieces of paper you can buy to clame ownership of a star in the sky

@crnkmnky

3 жыл бұрын

not exactly ownership, just “everybody on this planet who recognizes the authority of this star registry, agrees that you have given that star a name.”

@GwarFluffyGoreGuts

3 жыл бұрын

Bahaha i love that scam. I thought China owns the stars

@tttroyyy

3 жыл бұрын

Except you'll be buying it from the person who made the stars

@rtan73

3 жыл бұрын

I was thinking the same.lol

So glad I’m subscribed to you !! 🤩

Thank you for your valuable input to this trend! Really helpful!

Now I'm more scared to start commissions or uploading my art online. I don't know what I would have to do if someone steals my work and does this.

@rinaxwyz

3 жыл бұрын

I want to start doing commissions too but now I'm scared of this whole thing. I guess the only solution would be to sue them, but who knows if that would work...

@JanineMKartist

3 жыл бұрын

@@rinaxwyz they only requests I would take for making my art would be size of a piece. I am developing at a sloths pace so I have t started selling online just yet. Yes this concept seems like a huge I just don’t know about this. Sounds cool at face value until one starts watching videos like this . My hope is it doesn’t devalue physical - ie on canvas etc artwork . I’m doing mixed media so this concept wouldn’t fit me. Also I like working with physical art materials . Digital alone isn’t enough to satisfy my creativity .

@ai-man212

3 жыл бұрын

You sue them and make bank.

@_____._..--_

3 жыл бұрын

@@ai-man212 you need a lawyer, and most cases, if you win the money you won from the lawsuit would be pocketed by the attorney lol

@edilangsultan3522

3 жыл бұрын

I find it funny that just yesterday, one of my favorite digital artist who uploaded his NFT discovered that his art got stolen and is bidding for slightly higher fee than him in the auction 😅 He was selling his art for 0.30 ether, the other dude was around 1. Something almost 2.

Thank you for the education. I'm new to making digital art mainly because I'm making NFTs of my work and giving them away for free as well as listing some on the market.

Thank you for creating this video Brad. I do learn a lot from your videos fr 🥰😍😍😍😍😍

I came in knowing less than nothing about crypto anything and you explained it in such a well-spoken and concise way. Thank you so much!

So an NFT is like a certificate of authenticity, basically.

@thebradcolbow

3 жыл бұрын

Yep, exactly. But it's digital.

@muranziel

3 жыл бұрын

And it can't be forged.

@spielundzeug

3 жыл бұрын

@@muranziel funged

@JoelQueiroga

3 жыл бұрын

and can make you receive royalties each time someone trades it, forever.

@MrAndrewsome

3 жыл бұрын

It's also able to track who is the original and its will update hash value every time it's got a bit of changing, and all those changes are traceable as well that all recorded on blockchains

Such a nice and clear explanation, well done! I’ve been with Makersplace since 2018, selling NFTs. I’m happy it’s lifting off now 😊

@thebradcolbow

3 жыл бұрын

Oh wow! that's great. you got in early then!

@divalea

3 жыл бұрын

Which platform? They’re incredibly costly in energy consumption. I do t blame anyone who didn’t know how much energy it takes for NFTs. But once they do know? I question their ethics.

@ArtwithFlo

3 жыл бұрын

@@divalea I sell my work at Makersplace, but yes, minting a piece is quite expensive. You need to keep an eye on the gas price.

@thebudgieartist3391

3 жыл бұрын

@@divalea says someone who eats animal products which is the number one climate killer.

@crazydragy4233

3 жыл бұрын

@@thebudgieartist3391 Not sayin that they don’t but how do you know?

Appreciate this clear explanation, this makes way more sense now

Look here Brotha, you have been very clear and simple, I appreciate your honesty and being realistic. Extending Love, Light & Inner~G to you and your family!

Wow they found a way to sell you GAS (the token), so I guess that means that the value of the crypto currency will increase.

Dude, i totally agree what you said at the end. "If it interests you, play the game. But focus on your work, then the rest'll take care of itself"

Interesting stuff. You put the info across in an easy to understand way.

Loved the video. You made it very easy to understand, possibly the easiest. I think NFT's will be here to stay but I think it wont be as we know it right now. I think the aspect relating to artists will definitely hold and prove very valuable, but for general creators I want to see more value given in the space, not just a simple token they've created to make money, maybe like access to a personal club of some sort.

This was very helpful! Does the buyer have to pay for “gas” as well because they have to also pay for their spot in the block chain? It’s hard to understand since the seller paid for “gas” to upload why the buyer also pays.

Thanks Brad, this was very insightful! I found that I was getting ahead of myself in hopes that I could easily make money off my art. I then reached the end of your video where you mentioned NFT would be more lucrative for people who already have a decent following... lol. I guess ill be playing the long game in growing my audience first but I'm glad I know where to start now.

@reginaschmidt4904

2 жыл бұрын

Still would not make sense with that boy that created those wale icons and become rich 💭

@theprocrastinator6813

2 жыл бұрын

Yea nfts mostly benefit the bigger artists more since theyre more recognizable. Meanwhile for small artists , theyll often experience the unfortunate case of someone claiming their art and using it as their own nft and somehow profiting off it .

@femo3336

2 жыл бұрын

nfts is bad for the envirohnement btw

Very pleasantly surprised to see the Blockchain being covered here! I came for the Galaxy Tab S7, and I subbed for the respect. This technology will be to future humans what fire was for us.

Loved the way you explained it, great video

Here's my biggest issue with all of this. This NFT stuff is cool and I think it's great that certain digital artists are benefitting from it. However, how does this affect me? How does this affect some artist with 50 followers on Instagram who's been posting a new work everyday for 2 years? How does this affect your average struggling artist without a huge following? If you ask me, this is a step in the pompous fine arts direction. 90% of people will look at a piece by Picasso and think "wtf is that? it's just scribbles" Then the pompous 10% will say "oh it's a Picasso, so now it's worth $10 mil" That annoying thought process of art professors, art collectors, etc. Where if 2 people make the exact same piece of work at the exact same time and are completely unrelated to each other, but if one of them is popular well then bam that work is worth 10,000 times more than the other guys work. Who drew that cat picture? Was it some random dude on the street? Or was it some guy with millions of followers who adore his every move? You said it yourself, you put up your work and received zero hits. It's because nobody knew who you were. The whole point of this is just to support those ever popular people. If you ask me, this isn't gonna do anything for the 95% of us with less than 300k subs or 800k followers. We're just gonna be the people that get scrolled past on those websites you mentioned.

@ninja_tony

3 жыл бұрын

You're absolutely right. about 1% of the people at the top will likely make a killing from this, and the rest of us will not. And while that's happening, the same 99% that won't make any money will ALSO get sucked deeper into the scheme because they keep hearing about how it's the "next big thing". There will always be a "next big thing", and it will never make a genuine difference for the vast majority of people involved. And in this instance, there are so many negatives involved, I just don't see it ever being a good thing. It's a fad and the bubble will burst as soon as people realize that.

I have been doing digital art for years. And I have kept them in my USB drive thinking that nobody will buy it or see it valuable. Now I am grateful and opportunity like NFT came out to me today. So I’m learning and taking notes :)

@rolandmata6395

3 жыл бұрын

Where do you post your works?

@SupremeChief1

3 жыл бұрын

@@rolandmata6395 I have one ready in Rarible

Best explanation on NFTs I could find!

Thanks for this. You answered so many questions

One nft can cause the amount of energy consumption of a person in the EU for 30 days

I've seen a lot of people worried that the crypto-art minting might have a negative outcome for the enviroment and that is a reality nowadays... Minting an NFT on Ethereum can be expensive and needs a lot of electric and gas support. Some green platforms are working towards creating these same NFT with lower cost of minting and less gas fee, you can check this one out on Twitter @avalancheavax. I hope other crypto platforms take the same path overtime because this is a major thing in the art community

Thank you for sharing this for this beginner!

It’s true, just as any market place, someone or a business needs a following of customers that desire the work before anything will sell. So keep promoting your work! Keep creating! In the long game. No short easy money here.

So Kim jung gi becomes a billionaire when?

OMG ! This is why artist should always watermark their artwork ! Who knows if someone else puts NFT on your art and sell it online !

@marcianoforst6311

3 жыл бұрын

Those are copyrighted images/art, the penalty is that you have to pay the owner of the material and are(in most cases) prohibited for further use without owner consent.

@avidadolares

3 жыл бұрын

I dont think you get how this works. A watermark is kind of irrelevant to this. It doesnt legally protect the artwork and solve all the issues with NFT. it makes it undesirable to copy mostly. Someone stealing your work and trying put the NFT on it isnt very likely to happen. It could easily be proven to be a fake without any digital files showing the original work. A simple image isnt going to be enough proof.

@marcianoforst6311

3 жыл бұрын

@@avidadolares Exactly

@mosamaster

3 жыл бұрын

@@avidadolares can a watermarked file be made into NFT labelled file ? Just asking.

@luminous420

3 жыл бұрын

You can always leave signature or link to your website on the blockchain

Thanks so much for the explanations. I needed that. Interesting.

Your explanation was much better than other videos 👍🏽

Just became aware of this recently, so thank you for explaining it! As always you explain things very well.

THANK YOU! I've been wading through this stuff for a few days now with a view to doing some 'fine-art' kinda stuff. Your opinions pretty much confirm mine. As ever you're a clear and rational voice that cuts through the noise.

Really really great video Brad!

Thanks for the video....really helped to understand NFT a lot better 👍🏼

You’re literally the only video on NFTs that I was able to understand, thanks man

People don't really care about the environment like they say they do

@DJAlicorn

3 жыл бұрын

Facts. It's like Tesla heavily investing in Bitcoin. Hypocritical.

@channelofstuff6662

3 жыл бұрын

everyone alive now and future generations wont feel the effects when the tempature is going to raise 1 degree every 100 years.

@astercast

3 жыл бұрын

What about the environment? I’m really confused

@lignenox

3 жыл бұрын

​@@channelofstuff6662 short sighted understanding, entire ecosystems can collapse from prolonged unnatural temperature changes. e.g. great barrier reef. The flow on effects to everything on Earth is more direct and pronounced than simply dialling up the aircon.

@Jerry11606

3 жыл бұрын

@@DJAlicorn look up how they get their lithium, or where most electricity in the US in generated. Yeah tesla isnt doing anything to help the environment. Their cars are just more status symbols

very clearly explained and nice voice. thank you now i can explain it to my students

thank you for explaining this, I was really into NFT right now but dont have much popularity on my work so ig I should focus more on that before jumping into other stuff.

I think atm it’s a bubble. A bunch of low quality stuff go for high prices simply because people trading in NFTs think it’s the best money making scheme right now. Sure lots of them will make money, but a lot more will lose a ton once the bubble bursts and people realize it’s not about art at all-at the moment. Given time, if it doesn’t tank, I think it’ll be viable for real artists, but we won’t be seeing the insane prices like right now.

@Rationalist101

3 жыл бұрын

.

@ninja_tony

3 жыл бұрын

This is the first truly sane and reasonable comment I've seen. It's got potential down the road, but right now, it's quite literally just a big scheme.

@Hollyhock7

2 жыл бұрын

Data junkies just getting high..... that's what I see

I think this is a fad! right now it's over hyped and soon it will be saturated. Also I think it's different than buying a rare painting. Collectors buy a painting because they can feel the artwork and the work of the artist and hang on their walls ... or show off I don't know. But what's this all about. People buying some pixels that you can download from the Internet? I think this is mostly driven by greed. People usually buy these artworks not because of the artworks themselvs but to sell them at higher prices. That's just my opinion

Amazing how you jus know what goin on n can explain easy for anyone

The Best explanation I have ever heard!

Great video. But what’s stopping random people stealing other’s art and slapping a token on them?

@annababe03

3 жыл бұрын

true point, huh,

@faryedeltayesh3352

3 жыл бұрын

The 1st thing I would think of is that people who have are should associate it with an nft token before uploading it anywhere.

@AT-ws9lx

3 жыл бұрын

nothing, actually. so if youre dead and you posted art even once before, any rando can slap a token on it and profit from your work

So the art with the NFT is not the original, but a copy of the original that is uploaded to any of those websites

@Toksyuryel

3 жыл бұрын

The *original* is not even the original, it's a copy of the original that is copied to your hard drive from the one stored in RAM by your art program.

@julia-pw8fz

3 жыл бұрын

@@Toksyuryel so basically its not an original, which is driving me insane!!! theres literally blatant art theft from twitter atm! small artist communities who are super alarmed... ajsdasdk like it's sounds interesting n all but this just doesn't feel right...

@Toksyuryel

3 жыл бұрын

@@julia-pw8fz The concept of "the original" doesn't really exist digitally just as a consequence of how computers work. This novel approach to blockchain attempts to implement such a concept, though it sounds very flawed to me- what's to stop some rando from taking a piece of art that's not their's, attaching a token to it, and claiming to have the original to make bank off someone else's work? I too was directed to this video by an artist I follow who was worried about how this technology might negatively impact them, indicating they were going to start using far more aggressive watermarking going forward as a result.

@julia-pw8fz

3 жыл бұрын

@@Toksyuryel LOLLLL YEAHH like there's an artist called cuqqid, apparently they started putting their watermark closer and closer to the face/eyes/hair because people tend to crop out corners and lower bodies XDDD

@Xgil2Play

3 жыл бұрын

@@Toksyuryel The original would be the file itself (if you used Photoshop: .psd, if you used Blender: .blend so on).

Perfectly clear thanks bro !

The level of honesty in this post is sincerely appreciated! 💯🙏🏽🇹🇹

Thank you for also listing the negatives of cryptoart! I’ve only been seeing the whole 'get rich quick' mindset when I was doing my research so it’s good to see someone who actually talks about both sides.

Sounds like an amazing way to waste money! 😅

@TakaMitsukai

3 жыл бұрын

That’s a tiny bit unfair as artist have been traditionally ripped off of their artwork. And a lot of times they don’t get much of the value from all the work that they put in. I see what this does and I see the value in this. And I would hope that if there’s something that you enjoy you would also be able to enjoy the value whatever it is you do or make if you are creative.

@mamayareborn

3 жыл бұрын

@@TakaMitsukai They will continue to not see value from the work they put in; the vast majority of the income from each consequent sale is still going to the current owner, never the creator -- nobody will buy a piece off of you if its resale % fee is high. And that's the people that DO sell. You never will make that type of money and neither will I. I feel as confident saying that as saying that you or me will never win the big lottery -- because the chances are more or less the same. It has nothing to do with creativity or work, but rather being found by a rich enough person, with a compatible enough taste, at an opportune enough time. The vast majority of people will be effectively paying for the privilege of uploading images onto a site where they will stay forever. At that point, just use Photobucket lol.

@astercast

3 жыл бұрын

I’m glad u look kinda old because this is the future for the next 200 years so I’m glad you’ve had your time. Let the rest of us learn and adapt to this. Clown

@taniayager3361

3 жыл бұрын

​@@mamayareborn I have to agree it is all a bit of a fools paradise! Very few artists make tons of money. Just like many indie book publishers make tiny royalties. It is always the owners of the schemes that win and crafty marketers who can see how to spin the wheel of fortune. If you look at many traditional artists they never made money from their art. A 100 years later you find that the sleezy marketers have seen an opportunity and sold the paintings at vast profit! Sadly the original artist never made a gain in any way. It reminds me of the stock market they are all greedy gambling pariahs! They'll step on anyone who gets in their way of profiteering. I worked alongside these sharks and hated their guts!

@jefferythompsonGRYTman

3 жыл бұрын

@@taniayager3361 people like you most of the time regret making those comments...look down the road in just a few years and you may regret that you did not put anything on the platform...what is the risk? there is none..

I felt so old when I came across the NFT term... Had no idea what it was, thanks!

thanks so much for your info, by far, your clip made the most sense

This feels as though it solves zero problems and just burns the environment down.

@twours

3 жыл бұрын

it's just selling sea shells on a sea shore, selling air on a bottle while destroying the trees

@yoavhalperin5852

3 жыл бұрын

@@twours it's not trees that get destroyed, it mainly causes holes in the ozone which then lead to more radiation from the sun and more global warming

@techpriest4347

3 жыл бұрын

@@yoavhalperin5852 I'm aware. It's hyperbole

@lignenox

3 жыл бұрын

It solves the problem of not being able to own digital work. It's a costly solution, for sure, but it does solve something.

@astercast

3 жыл бұрын

I think you are misinformed please look into what you are talking about because you sound like a clown to anyone who can read a few articles (aside from mainstream media). If you mean energy consumption, then blockchain technology uses a very small fraction of the energy that our current financial system uses. All of these nfts would be running on the same blockchains that your country’s central bank will be using very soon. You can stick to old beliefs all you want until you realize youre getting left behind. Good luck in the future because this is it.

What happens when someone steals your work and manages to list it on one of these sites, (unbeknown to the site) before the creator has listed it somewhere and it's already sold and resold one or two times? Genuine fakes?

@Cred1Tor

3 жыл бұрын

it wouldn't be worth anything because it didn't come from the original creator (as i understand it at least)

@joemotive

3 жыл бұрын

@@Cred1Tor but how would anyone know?

@Cred1Tor

3 жыл бұрын

@@joemotive it's on you to make sure, there's no built-in defense against it and i heard there is some fraudulence going on, kinda the same with physical art, you can't always know you're not being sold a fake

@davidlewis4013

3 жыл бұрын

Mine is the real jpeg! That guy's is a phony! Oh and what if the artist is dead? This stuff has value because x amount of people agree it does. At least with professional fakes of physical artwork there are telltale signs as to why it's a fake, beyond "who uploaded this?"

@joemotive

3 жыл бұрын

@@davidlewis4013 that’s what I’m curious about too.

Very informative and condensed. Thank you.

thanks for explaining! always nice when someone jumps into the video instead of using some boring intro

Wow! I saw also someone sold pepe Nft for 20 Eth in Opensea. This really makes me eager to create my own NFT! I want to turn my art pieces into Digital Art NFT. And my friend told me theres this NFT Tech soon coming out where I can do that 🤩 Can't wait to sell my collections for 20,30 or even 40 ETH on their marketplace. 😍

@user-kl5ze4tf2c

3 жыл бұрын

Where to roll this world...

You explained what it is and I still think it is stupid. I cannot get an exact, perfect copy of a painted work, but I can with a digital one. I see no value at all in doing this. Copyrights already exist and it does nothing to prevent pirating of digital art. Unless embedding a code in it prevents someone from simply right clicking and copying the art, it's pointless.

You explained it perfectly .Thank you

Thank you for sharing Brad