NFT's Explained in 4 minutes!

You can also do the same thing with a QR code or a USB ? Probably even a irl if it is infact something that is 1of1 or holds value

Thank you for a very clean and lucid explanation to this vague concept; yours is the best I've seen so far; well done 👍

Thank you for sharing

from start it is wrong explanation, NFT call NFT is not due to changeable or notchangeable, NFT is just special token that consist from only ONE token. That is the difference from regular token (that can be issued in 1000, 10000, etc) . ALL TOKEN (NFT TOKEN ALSO) ARE CHANCHEABLE!! ChangeABILITY is a key feature (on the DNA level) of ALL digital assets of the blockchain (tokens (NFT or not NFT) and coins). Again NFT is just - ONE token.

Just like a regular Joe or Joanna won't care who currently owns the Mona Lisa, they won't care who owns the NFTs for things. However, you can bet the mega rich will care.

So you said I can own this video as an NFT. So will I the owner receive the revenue earned by the video or the creator of the video?

I’ve read up on it, I’ve watched videos about it, I’ve heard celebs talk about it… but to this day I still don’t understand what the hell NFTs are haha

Hello

The best video for NFTs explaination 🤩🔥

Why would anyone want fake "ownership" of something like a tweet or digital artwork anyway? That's what bemuses me.

You only "own" it if everyone else in the world (and the legal system) agrees that possession of the NFT means that you own it. Otherwise the NFT means nothing.
Personally I think these might be more useful for things like online identity verification than "owning" stuff.

this is the best explanation ever!

well, it's actually "NFT's explained in 3.5 minutes!"

Learn something,I have subscribed to your channel

Best explanation

I have many NFTs, like 86, but they never sell.

Amazing explanation!

Now that I finally understand what an NFT is does anyone want to buy this comment?

wtf

I watched but I still don't have a fuckin clue why anyone would pay Dumb Donald Trump 99$ for whatever a NFT is!

Mann what i wanna buy that sh## for??

So you pay for something that everyone and anyone can get for free so you can "brag" that someone says you "own" it?
How stupid would someone need to be to buy this?
You can't really call this a scam because they tell you up front that you are being taken.

I think most people that are explaining this are trying to make sure that they don't lose value because they're holding a really expensive NFT. Buying NFT to gain real monetary value for keeping it and then reselling it is like playing a game of hot potato. Whoever is holding the potato last when the NFT music stops is the biggest loser. However, if you're just swimming in crypto currency more than you know what to do with them, then NFT is a perfectly fine item to buy for bragging rights and maybe just a way for you to redistribute a bunch of crypto currency that you can't (or don't want to) cash out.

and then someone changes, what realy lies on the ifps share :D as long as the nft-target isnt stored on the blockchain (~10k$ in costs) itself, it's just garbage

My 3 years doubt cleared in 3 minutes 🫥🫥

Clearest description ever. But c'mon 2.9 million dollars for a tweet What are with humans these days

The most easy and understandable video about nft

NFTs are being used to ease in the legalization of drugs. Big time drug dealers will cash out all the unlaundered drug money using NFTs and then the legalization process can then take place. The dealers will be shielded from the IRS.

Honestly, from what i've seen Crypto, NFTs, virtual property and whatnot are more excuses for soulless, greedy individuals to gain more wealth and power for themselves. Not to mention some of these have connections to intolerant, racist, and criminal activities.

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rarp

Thanks for the quick and easy-to-understand video 👍

I’ve watched about 5 videos on NFTs and still have 0 idea why I would EVER need one, especially when ctrl c and ctrl v exist.

It’s all a scam

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Just seems like another way to launder money or evade tax for the rich. Look into why rich people buy crap art for ridiculous sums if you don't get the first sentence.

I still don’t understand it…I need NFTs for dummies

OJA is a high-speed, and cost-friendly blockchain. It's explicitly built to speed up transactions with almost zero transaction fees.

NFTs I believe, need the next generation of the web. That copying of other people's items may not be as simple in the future. NFTs might deal with the "right click save" generation of entitled children out there.

Also so I derived from this that owing an NFT is like owning the original Mona Lisa, you could have a life sized poster that looks exactly the same for 30 bucks (or even free if you downloaded and printed yourself) .... or you can pay a billion dollars to own the original. The difference is the Mona Lisa is very old and revered for centuries... NFTs can disappear if we have a power cut.

Thank you for "dumming it down". Its been drivibg me nuts trying to get an explanation with out tech jargon.

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Ojacoin an awesome project

Thank you very much for the nice video. Very good video.