Most definitely a solid investment, IP Rights, Marketing Deals, Price gains, Free airdrops worth $20k+, Whitelists for NFT projects which you can flip for $500+ profit each. Well worth it
Thank you for continuing to keep it real. I've stopped watching a lot of the finance CZcamsrs who sold out in the crypto and NFT space. You approach all of your videos in a very genuine way, and I appreciate it
@@iLoveBoysandBerries people don't understand anything about editing...which is fine, they're the consumer they decide what they like but between liking something and saying "this thing it's objectively good" there's an abyss that people should really stop to cross.
ITS THE FUCKING UTILITY IN A PROJECT NOT THE DAMN PICTURE. IF I CAN MAKE $4k/MONTH STAKING MY DEGOD THEN IMMA STICK WITH NFTs. IMAGINE PAYING $20k FOR A HOUSE AND MAKING $4k/MONTH. just stick to rentals bud if you dont wanna learn then nft aint for you.
@@brianwilliams7267 You wont get through to some people. They would only understand if they had a taste of it themselves. Otherwise "NFT dumb, now laugh"
I kinda agree with what he said, that people play these games just bc it's related to NFT. Developers should really try to focus on the gaming experience cause it kinda holds back the idea of fun and just tries to cover it with crypto, nft involvement. Theres this Starlight NFT that I'm looking forward to though. Should really check it out.
Microtransactions are just about the same. Plus it’s obvious that steam won’t allow NFT games since their profits would be affected as they also control item selling on the trading market
i've been wondering why it seems like no1 is buying stuff on opensea anymore, people just aren't too interested in anything new & it seems like no NFTs have any meaningful tangible utility in real life
Been in crypto for 6 years now, there’s always a fad that comes and goes: Lending platforms (bitconnect, p3d, davor, etc.), Crypto Kitties, Binance ERC20 ICO launches that would do 100x just because binance was attached to them. NFTs are just another fad and something new will come along to replace them. As long as you recognize it and get in early and out before it pops you’ll make an absurd amount of money, but none of these are long term investments.
NFTs are just a way to send money without taxes, if you want to inherit money from your parents, in Spain you need to pay 15-35% tax upfront, even for Real Estate. But if the parent buys the sons NFT spending all the money he has, he will transfer money to his son without any taxes
You won't avoid taxes. Eventually you will have to take that money and turn it into fiat to be able to use it in the real world. At that point once the money enters your bank its considered taxable income.
Regarding the security statement, I agree. But if the utility of the NFT itself is not profit sharing, then you could argue that you didn't buy for the interest in selling later on. You do the same thing with watches and artpieces. As long as you can prove that you "didn't buy to sell" then it's not only NOT a security but also not taxed.
Verry interesting angle, yes you can buy a luxury watch and if it's a Rolex/PP/AP with rare color dial it will most likely come up in value. But here are the two main problems in my eyes. Rolex doesn't make 10 grade presentations on why their product is valuable. Such high ticket item is made by top watch specialists, it's produced in finite units and have a long history, where NFT for the most part are subpar art form. When you got an A1 tier product you don't need a marketer to sell it like what we observe right now. The prices for an art that can be replicated relatively easy is so out of touch. And It's not really quantity limited, if someone pays me to make 100 NFTs and we make good profit, this obviously will happen again and again. When you get to the point of tax reduction you got a some % of false signal to the market. Because a bunch of millionaires decided to put some money (not much for them, but if this goes up so much better for them) this is not a market move. Just like the luxury watches, if it's going to work it must have a proven track record and for now this can be said only for a verry few NFT projects.
@@immortalcrypto5837 not at all. Rolex make proper marketing campaigns, not 10 grade presentation on how a jpg on a Blockchain will go up in value and will change your life. And for certain models you event can't buy them unless you know someone that have off catalog models and this part is not really marketed just the demand is there from theirs super fans.
Always felt weird and stupid from the beginning. Surprising how mob/fad mentality can get best out of people. Thankful that I didn’t invest it the space, but definitely wish best for people who did invest heavily.
Man this is good. I personally invested in the games you showed, Axie Infinity and Pegaxy and I'm currently in -90% Axie and -80% in Pegaxy. The only way you'll make it is if you get into it early, nothing else.
Axie and Pegaxy are shitty games they don’t have fun gameplay and their tokenomics are shit. You have to look into Big Time, Crypto Unicorns, Heroes of Mavia, Illuvium, and Mirandus / Gala Games.
Absolutely agree, 99.99% of the nft arts(just useless pictures) and p2e games where you basically need to click every once in a while are just Ponzi schemes. The only nft based project that can succeed, that will attract people with the gameplay itselt, not that it is an Blockchain game. But I disagree that gamers don't want NFts in real games. Actually csgo skins are NFTs and player love them. They are just not on Blockchain, but controlled by Valve and you can lose them whenever they like. Imagine playing the Fortnite with every skin, and then selling it, when you are tired of the game and getting your money back. That would incentive people to spend more on game. But game companies are the one, that don't want Nft, because in that case players are buying from secondary market and company get only a small percentage of the price, instead of paying full price directly to the game company if there is no possibility of trading in-game assets. And I also disagree with the fee cost, it's just Eth net that requires shit ton of commission, there are a lot for Blockchains that require almost zero to non commissions at all, because they utilize proof of stake instead of proof of work.
Gamers do not want NFTs, unfortunately you are blind to that market trend, along with all of the influencers and large video game developers. Do not speak on something with confidence when you are speaking with bias.
I was coming down to say this if a really good game with cosmetic things like 2k madden or Fortnite takes the money players invest in already for those cosmetics and allow players to resell them then it will be good it was the only kind of nft I was waiting for.
Roblox is the OG nft factory without a block chain. Kids can make thousands on roblox selling their creations then picked up by a team mayb and earn even more. I like crypto games but I don't want to see games use their own crypto coin. I want crypto games to worry about the game and partner with an already established coin. A coin that can partner with multiple crypto game teams and just keep stacking use cases. Like I heard Disney is building a meta verse and plan to use a coin zilliqa. But since i never heard anything else on that mayb it was bs hype that failed cos zil didn't do nothing. But it makes sense to do it that way. Game devs don't really have any business trying to run an economy they should just focus on the game. Like a game studio does do. Then use a coin like teams use EA or whatever. That way even if the game fails the coin won't and the team will not be able to con the players at all. They would just partner with a coin and receive coin like buying shares in the game or rights to its economy system. Axie infinity what do those devs know about money? Nothing i bet. But having total control axie team had their star coin AXS. Then they had their bag token two of them to extra confuse people and the team rugged the SLPs im sure of it. They was always gonna take the SLP money so AXS can grow. Just like the shib team they soon released two more tokens they owned all of to profit big since they locked up their shib wallets and told us vitalik burned it all. Until oct 28th when it showed up destroyed shibs run. Now shib still has 30 trillion tokens in total supply not counted in circulating supply so those will turn up if it ever runs again snd I really don't think it will. That tram lied too much now it only has its hostages fr ATH desperate to try and fomo others into it lol.
Reading about people grabbing multi-figures monthly as income in investments even in this crazy days in the market,any pointers on how to make substantial progress in earnings?would be appreciated.
I think a Good T/A like her will pay off more than random u-tube videos,a lot of CZcamsrs don’t actually care if you loose money, they just want more views and traffic!,
She’s the one I referred my pops to after 2nd trading week when I just received profits. 12 days in my dad was smiling to $75,050 profit...tbh I became jealous lol was a bit skeptical starting high😤.
This happened to me in many areas of life not only crypto or nft . That is, NFT revolved around my interest, when it wasn't hyped I was into it and it blew up just as soon as I got into it and saw NFT everywhere, soon I lost my interest it plummeted to fast as if I am controlling the NFT Space with just my mind. The other reason, War, Inflation and Crypto Bills and Ban have effected NFT's
Yeah, same here with meme coins, any time I got interested again as prices were tempting then shortly after the market pumped then I got bored and it went down etc. and as for we’re the average Joe, yeah I guess so but I’d say we’re average Joe plus one, slightly ahead of the curve but with similar mindset, but not at the level of those super early to everything genius types
Don't invest any real money in NFTs. Don't invest in things you have limited knowledge in, don't invest things that don't have utility (value). You are better off investing your money in other assets like gold , stocks, or relestate. Always research into anything you plan on investing in. Warren Buffet got rich because he had a deep understanding in the industries he was investing in and understood how their markets worked. Golden rule: if it sounds too good to be true, chances are they aren't true.
I totally agree it’s like crypto where the one who are already big stay big and orthers most likley be exponentially down by each other,and yes when the SEC comes in they just one punch everything
The dinkdoink and dope gorillas sponsorship part killed me 😂😂😂 Perfectly executed. Love your explanation! Why make the process more complicated? Personally I will be trading all of my cyberpunks for web3 QR codes
you should dig a bit deeper into solana nfts and their utility and use case. For one blacksmith labs has great utility that is based and forged within the blockchain. Also, I think you may have missed one of the biggest points to the utility of BAYC... the ape coin. That is going to be the decentralized currency of the ape metaverse
The only thing comparable to NFTs or crytpo in gaming is Roblox or Core. The problem with these platforms are the fees which take nearly 70% of your profits. The blockchain is able to offer the same thing for a fraction of the cost to the end users. It is like saying we don't need save game states because developers can just implement continue passwords in their game like Mega Man X. One may do something similar to the other, but they are vastly different.
Quick reality check to all the crypto shills in the comment section: Gamers will NEVER accept NFTs in their video games. I’m a trader, but I’m a gamer first. Putting business before art kills games. Every time. No exceptions. Everyone here is blind to that truth. The shills here are the type of people nobody can stand. NFTs are garbage.
Gamers already have accepted NFTs in their video games. I can't speak for them as you claim to, but I can see the millions of players ditch play to circle jerk games. This is the type of logic that is used to exploit developers into a terrible work/life balance and that is what "kills games". People making them who hate their life, but should be doing it "for the passion". Why don't you trade stocks "for the passion" or STFU.
@@DanielDroegeShow Your argument is just fundamentally flawed. Gamers don’t accept NFT’s. You only want to do things that make you money? Fine. The customer base does not accept this bullshit. You launch a product infested with this and it WILL fail. The fact that you’re trying to make a speculation about a market you don’t know a thing about is hilarious. If you were a fan of games, you’d know it wouldn’t work. Ubisoft’s stock price dropped 50% in the last 2 years, they’re actively looking to sell the company to salvage something out of it. They’re the king of trying to make money over making actual creative works. Passion is the backbone of the entire entertainment industry. A dirty little shill like you would never get that though. If it doesn’t make you the most money possible, then it’s worthless to you. That’s why projects will fail. Every time. Every box office flop, every forgotten video game, is a result of your flawed mindset. Sure, you gotta keep a budget, and set realistic expectations for workers wages and the scope of a project, but that’s no excuse to think NFT’s would ever pass. You wouldn’t stamp an advertisement on the Mona Lisa for more ‘exposure’, so you shouldn’t do it here. Simple as that.
I think it will be at least 5-10 years before NFTs really have a use case. The concept is novel but until Blockchain sees wider adoption and gas prices come down there's not a point they serve that doesn't already exist.
I am loving this channel recently. I just turned 18, looking to invest and have no clue what to do. By gaining knowledge myself, it loses me money. By gaining knowledge with biaheza, i dont pay anything and the content is also funny :)
Both NFT and energy inefficient cryptocoins are a serious attack on the invironment and have to stop at some point. It is amazing how many people shut their eyes for the rediculous high energy consumption. Nobody would ever accept that, except when greed comes around the corner then we forget about it real fast.
I could see it being useful in the sale of second hand concert tickets or things that require authenticity. It be nice to be able to pay someone and then know forsure they gave you a real ticket. Or buying a used LV belt and knowing its authentic becuase of the NFT. Other than that ....
I'm glad to see NFTs taking it in the chin. I never could understand why anyone would pay more for an Atari-like pixellated car than the real thing. I used to think NFTs were a money-laundering vehicle but now I see it was just a fad that, thankfully, is most likely dead.
Moonbirds went up like 20 eth overnight this week wtf are you talking about its dead lol 🙄 you couldnt be more wrong😂🤣 Follow my channel and twitter for calls if you're having such a bad time with NFTs I can give you some direction on what to get
I think we needed a pop like this to bring people back down to reality. I have an NFT podcast and show on Twitter and we celebrated this. Good buying opportunity and chance to set our expectations back down to Earth. The tech will improve over time, people will create new utilities, this is healthy for the NFT market.
Agree, Why NFTs > Membership (as he compared) is the security behind. You can easily fake a QR Code, or maybe even hack the Patreon server and manipulate data, which you can't with NFTs. So he missed the security aspect. NFTs which represent ownership of Cars/Houses will pretty sure be the future
@@emanuelavram2513 why would houses and cars be NFTs? You can’t just forge a house deed and take it to court and claim someone’s house is yours… same with cars… these things just don’t happen, if they did, yeah, I agree that NFTs would solve the problem which is now nonexistent
@@SonniTheDog its not about claiming its yours, but about frauds. I got scammed with a car, which had seemingly original papers, car keys, ... but in the end it was a leased car with falsified papers. Or any other victim who bought stolen goods.. Those things just can't happen with NFTs. Thats why we would need them
The only utility would be functioning as a built-in-receipt / list of lifetime buyers for houses, cars, and expensive collector items. Other than that - ehhhhhhhhhhh
Thank you for continuing to keep it real man! I never believe in NFT not until I discovered your insights about NFTs. Love your channel and I’m following you!😊
From an artist point of view, I was happy to see it happening, in my head I was translating it as when back in the day you could buy an oil painting, you had the proof that you had the original item. Modern world photography (my field) was lacking this because you can just copy paste things.. however making an nft creates the original "painting" feeling where finally collectors can actually prove that the item belongs to them. From that moment I don't have to explain how the trading and collector market works itself out. I feel like nft is definitely the right step, but just like with everything lately, people saturated it with items only chasing maximum profit, with zero long term vision, where now they are panicing and trying to build up a system around it: bored apes. Steve Jobs said: don't try to creat a product and try to find out how to sell it to people.. listen to what they need and then create the product.. that it the exact reason why these companies at their current form are destined to collapse. However I truly believe that with nft we explored something much needed, and with time noise will die down, and people who actually need it, will keep improving and benefit from it.
This 👏🏽 NFTs are only a small aspect of a larger revolutionary technology: The Blockchain. Let the hype die down and allow the blockchain to settle itself into this fast pasted world just like the internet itself has. There’s a lot of potential to be realized 💯🌐
Issue with that is that the people who own the oil painting actually has the 1 and only painting that can’t be recreated to a T. Nfts can be recreated to a t for free… it don’t hold the same value
Art is just one aspect of nft utility, as a technology nft allows any asset to carry a proof of authenticity along with a record of all transactions along with it, it can be revolutionary in collectibles, music, limited edition items, access to specific events or exclusive access and discounts.
Im an Nft maxi and I thought this was a good video. Its just one thing. I agree that nfts dont make games better. But what they do is create ownership. At this stage, steam can just shut down your account and take your karambit fade. If those skins were nfts connected to your wallet. Then steam couldn’t take them. I believe that digital ownership can be useful in cases like this👍
Steam could invalidate them though, particularly if we're talking about skins for valve games specifically (like CSGO and TF2). It would be as easy as having it so when someone is banned, it also checks what NFTs belong to the person and banning them as well, since the database is necessarily public.
if games shut down then the NFTs created for that game are also useless same with steam if you store NFTs on a blockchain for steam games yes you would still have the NFT but what is the point if the game it was for is no longer available
@@TeleportRush valid point. And if steam doesnt track the nft it could create alot of problems as well. The player could just connect to a new profile with his or her nft and continue with bad behavior etc. Maybe someone will come up with a solution to this. Thanks for the response.
Adding smart contracts to real estate companies is where NFTs will show their true utility, one project doing that is Villator LDT and they’ll take buying and selling a home from 6-1year+ down to the time it takes to process that on the given blockchains that have smart contracts. Check it out they also offer holders free holiday stays air their air BNB locations.
YES I AM SO HAPPY THAT PEOPLE ARENT BLOWING MILLIONS FOR A JPG IMAGE! Everyone’s finally waking up and coming back to the real world. The metaverse wont last long either
There was an Launch yesterday from an new Project with an proven Team. They minted at 2,5E (7,5K $). The Floorprice is 17E (51K $) and they have an traded Volume of 210 million Dollar :) Welcome to the new world
NFTs are a piece of tech. It’s like sleeping on the internet in the late 90s. Are most project overhyped? definitely. However in 10 years people will be surprised by how much of the internet and social networks are built on top on nft and other erc tech.
You're not comparing the entire concept of the internet with nfts😂 the fact that it's technology doesn't mean it's just as revolutionary as the internet nor does it mean it will automatically still be used in 10 years
With all due respect, but I don't think that nft's will be as impactful as the entire Internet. The nft tech can be useful, but it's definitely not in the final form and investing in the current stage of the nft landscape is in no way a 100% succes. I think it more likely that the tech behind the nft will be improved and the nft's as we know them now will be useless.
@@Daniel-yt7ry blockchain/crypto is no doubt bigger than the internet. Would also never doubt the power of being able to monetize and own internet content for the first time
Dedicated ball trimmers are also new tech over the past decade or so. Programming languages and standardized protocols are what the present and future will be built on. Not silly baseless claims to objects pointing to external references that could literally be handled by google with a txt document.
As a 3d printed construction journalist/ youtuber my membership revolves around digital 360 tours of 3d printed houses in matterport. I choose not to use an NFT because my audience is an average age of 45 so they don't know how to buy the NFT. I am pretty confident I would have done far less sales as an NFT unless I got useless sales from virality but I am much happier just having people that truly want the value of the membership not some scammy 'NFT' asset attached to it.
Right now the whole shipping community still use a lot of manual solutions. Smart contracts and ownership by locating originals seems like the very best way of doing future trade. Now, 2022, ships issue physical document and send by snail mail through banking system and the physical original document is the used at the port of discharge of cargo for the buyer to collect the goods. U risk losing the document. U risk it being faked (fake copy). The ship may deliver to the wrong person and thus may even lose insurance cover. By using NFT technology or actually only using smart contract solutions, fake contracts of carriage would simply no longer be an issue and can be shared without snail mail..
"By 1636, tulips were traded on the exchanges of numerous Dutch towns and cities. This encouraged trade by all members of society; Mackay recounted people selling possessions in order to speculate on the tulip market, such as an offer of 5 hectares (12 acres) of land for one of two existing Semper Augustus bulbs, ..."
I agree 90% on what said on this video, however projects like SoRare are actually working because its around NFTs but to be fair, I saw many other projects and couldn't invest because of what Biaheza mentioned about being poor games (or Heartstone clones).
The utility of NFTs for video games is so when you buy an in game item with irl money you actually own it. Even if you are banned from the game or choose to change accounts you still have the items you bought and the money isn't necessarily wasted, you can sell them or move them to alternative accounts without the game company being in control. Video game NFTs wouldn't and aren't typically on Ethereum bc of gas fees as you pointed out, they're typically built on chains that can actually support mass transactions at very low costs, such as Solana (not saying it is used, just using it as an example of a chain that can support something like this)
I was waiting for someone to explain this to him... It provides the gamer ownership of the items they've bought so they can then re sell it on a secondary marketplace or move it to another account. Whereas now you buy an item on Fortnite and you don't really own anything
We don't want NFTs in our games Ubisoft found that out the hard way. The time requirements to unlock the NFTs were ridiculous and in addition to that the game itself was garbage. And to make matters worse many games already have marketplaces for buying and reselling in game items. And the best part of those marketplaces is that outsiders can't speculate on in game items and raise prices for people that actually play the game
This is good for the 1% of gamers who want to turn their TF2 hat-trading hobby into a full time job, but for the rest of the 99% of gamers, we don't care about "ownership", we just want some decent and actually fun games ffs.
I don't agree with what you said about the NFT gaming utility. While right now most play-to-earn games are basically smart Ponzi schemes (It's hard to make a p2e game that isn't. Trust me, we tried to design one), there are games like Sandbox or Decentraland where you benefit from your items being NFTs. (While not sure about these ones, In games like those anyone/everyone could theoretically start running the game if servers went down) Also, there is a place for NFTs as game cosmetics, I would love my CSGO skins to be NFTs, right now you just don't know what restrictions will Valve roll out or if you are going to get banned for no reason and lose them. (Also being limited by 7 trade ban). Finally, transaction costs are no problem with layer 2 solutions. Edit: The only way we found for a play to earn games to not be Ponzi schemes is to have a free economy with some form of finite resources and earning being based on getting "money" from other players (in exchange for something you collect or whatever). The reason play to earn games like Axie Infinity, based on getting money from the game itself, can't work long term is that everyone just wants to get money out but no one wants to put money in (except the first purchase to get in the game). You can't just create money out of thin air and give it to everyone. It needs new players and regulations from developers to work.
@@crispyasfuck2856 I mean, valve doesn't allow NFT integration in the first place, but I meant more of "When we ban the user, we also ban the Non-fungible Tokens they possess in their wallet from the system". It's 100% something a company can do, that they could only be held responsible for if the legal system would prevent them, and it hasn't really prevented that in the case of microtransactions thus far.
Decentralization (the key point of crypto and nfts) doesn't work in a game that a single company controls, because it's centralized If you're running a game you don't need to use NFT's because you can just tie in-game items to the account
NFTs have been created for a variety of purposes. Incidentally, some of them address specific problems, such as the Mona Lisa Coin, which is designed to encourage people to protect artwork online.🤔😁
First time I gotta disagree with you man. In my opinion, I think that lots of collections started manipulating this niche, by making fake promises and clickbaiting the beginner investors that wanna make legitimate money and those people that don't even know what they're diving into. I think that this niche will be developed furthermore to a safer and stabilized level. These nfts, if they get used right and have an honest and great team behind it, then it's gonna become a more stabilized niche. Now beside that, I really love what you are putting out there, thanks for sharing such amazing videos. Keep up the awesome work!😎🙌🏼
I never saw the gain from the beginning. In layman's words I buy nft which everyone can screenshot then hope maybe it I may cash out at profit later on,mhhh kinda ponzi for me and as you have said still waiting on a proper utility. On the brighter side, I believe in Maybe 5,10 years to come maybe virtual lands can replace nfts fully! At least that one I know it's mine and mine alone and can add value and such alike
You’ve hit the nail on the head, this is the number one reason why we pivoted our start up. NFT’s can be revolutionary if used correctly, P2E and PFP’s in my humble opinion is not the correct use case as to how this technology should be used, crypto/NFT’s should always be on the backend and not dominating the entire narrative, in 2020 musicians only saw 12% of all revenues in the music industry that’s an example of a broken system that NFT’s can fix, although it’s really more about access, ownership and utility theres a lot to figure out and most of what we are seeing is nonsense. I’m more interested and focused on the underlying technology. Great video
That's why I don't think blockchain is as good as people pretend If it was that good banks and other systems would be running it internally on their back ends
so lots of comments, would love to talk to you more about it. Not all NFTs are on ETH, gas fees for gaming... just does not apply... NFTs in games are actually a way to empower the gamer and take away from the company taking all the profits, most people dont understand this. I can agree that many current games aren't great, but many games are coming that will change that. Wont list any so I don't sound like a shill... next, SEC is a big joke, "protecting" the consumer is something they have rarely ever done.... biggest example recently is them not allowing users to earn interest on Celsius,,, only users with networth above 1 M and 250 annual income allowed.... seems like just screwing the little buy again... Again I think you are focusing on mostly the ETH NFTs and the work there, while there are many other projects elsewhere doing great work...
"next, SEC is a big joke, "protecting" the consumer is something they have rarely ever done" they didn't protect consumers when filing suit against XRP which has been ongoing for years now. When they filed suit the price plummeted and knocked XRP from 3rd highest crypto and tons of those "sec protected" consumers lost tons of money.... thanks SEC.
@@biaheza No investment will rise forever, a downtrend was inevitable. The argument that nfts are doomed is incorrect imo. Similar to crypto there are many high value tokens that'll remain popular for some time. The hobby of collecting rare items is as old as human history. It's in our nature to desire rare items, whether digital or physical. I do agree that the nft scene is filled with low quality projects, but once they die off the nft market will be stronger for it.
I am a game Developer And Seriously I don't Take Those Projects Which Says They Want NFT . I don't Like To Implement NFT in Games. They just Ruin the Game
Agreed with some of the points but some weren't accurate... I'll point out these first - alot of layer 2 are gasless, so why build a gaming NFT on top L1 where it cost a fortune to transact when you can build on top of stacks, polygon and immutableX and they cost close nothing. - NFTs applications will vary beyond art, nowadays art was the most obvious use case but digital ownership and smart contracts are needed for remotely anything and the next 3-5 years will prove that point. - almost 98% of projects are going to 0 that's guaranteed but also the %2 and more projects are coming to provide real value beyond just the hype and cash grabs, look for builders and solid communities and you'll be guaranteed to make it. - invest only what you can afford to lose and encourage those around you to do so, that way you don't need to go work for McDonald's if shit hit the fan. Thats pretty much my 2 cents and always DYOR folks
I agree, art is the main use case for NFTs right now but there are so many use cases that people have not even thought about. There will be NFTs that you can buy that will be the equivalent to having a Netflix subscription and holding the NFT will give you access to every film/series that has been uploaded onto the blockchain. The perks would mean that you could watch anything and nothing would be taken off like Netflix does right now.
@@georgeevans8021 Absolutely, to name a few that I am enjoying right now while holding NFTs for a few projects; IP rights, lifetime access to web3 blogging editor, staking NFT yielding token that I exchange for money (fiat), tracking tool gated by an NFT and that's just to name a few, there are ones up & coming such as NFT that yields you token by jogging & running or there's another one I came across for cycling and doing IRL tasks, heck there's a mapping service right now that by holding their NFTs and installing a dash-cam on your car you will get tokens that are exchangeable for fiat. So, folks, art is just one side, NFTs technology, and digital ownership are far more than just art. Make up your mind, DYOR, and follow founders & communities, not hype.
Toxic positivity followed by "suggested reasonable caution" to try and give credibility to yourself. Fundamentally none of these services need this tech as they could be done locally on a spread sheet. line goes up till rug, I feel sick even knowing I bothered to reply.
@@stevenbuth8530 Alright now you sound smarter than I am and know a lot. Good for you, I will keep counting my free money from staked NFTs while you go around talking like you know better than others by bringing them down :)
Another NFT maxi here, great video. As a developer the main values I see in NFTs is speed. NFT technology allows for an easy to implement bundle of tools. Its the combination digital ownership, programmable utility, and connectivity to marketplaces. These technologies are not new on their own but are incredibly difficult to put together. NFTs technology basically offers this bundle as an easy to implement service. The other value I'm seeing is giving the opportunity for people to buy into brands and be directly apart of their journey and/or community. Look at Azuki, and Haus as two examples of this. Azuki can be compared with Nike and Haus apple in terms of vibe. BAYC was the first to dip their toes into this idea but Azuki and Haus are innovating and taking it to another level. Who knows where this road will actually go and most of it is complete speculation. But I think it's easy to forget that innovation is happening fast in NFTs, they are not a static system, they will change.
@@irarelyupload6930 Top Shot is a scam?? Please no I really hope not I've bought a few and were hoping for the best in the long run people have bought and sold at ridiculous prices but I have noticed a slight dip at certain times hopefully it will balance itself out😪
@@mackjones3939 It depends why you're holding them. Are you holding them because you want to get rich? Or are you holding them to just collect them? Individual NFTs themselves are just like any other collectable. If there is increased demand they will become more scarce and price will rise. If you think that in the future the amount of people collecting them will grow then they'll also grow in price.
Gaming and nfts is meant so that you actually own your items so you can sell them and trade them outside of their centralized platform. Also if you get banned u can create a new account and just continue playing with the assets.
I will forever appreciate this investment program, it helped me and my family a lot, your advice and lessons are inspirational helpful to us, I now earn every week. You’re such a blessing to this generation, we all love you.
So I'm pro NFT, but I agree with many of the points in this video. Because there are so many projects that lack the 2 fundamentals that give NFTs value (collectability and utility), all of the novelty around the technology has lead us to see moonshot prices that just won't be able to sustain itself in the long term. I think the whole NFT industry is at risk unless projects start turning the tables and innovating ways to utilise the smart contract. Regulation is going to bite us and can lead to mass unpopularity making innovation very hard... a spiraling cycle. I feel that the solution is to build out the platforms that let us enjoy the usecases (social media x nft marketplaces like I'm building, metaverse ecosystems like Facebook is building) and ramp up the public adoption. The NFT bubble bursting can be healthy or detrimental. Healthy if it helps educate people about the danger of rug-pulls and to allow the novelty to wear off, leading to greater effort being required as a creator in order to sell out. Detrimental if the public sides with regulatory bodies in putting heavy restrictions on the industry as a whole.
Another pro nft gaming argument *it's a good one, i guess* You could create a system that would not extort more money from players than they already do and use NFTs in at least 2 ways: profits, in-game utility. How would that look? We'll wait and see (probably). Secondly, it could do something else for the beginning. Instead of trying to make this thing a money machine, they could just start going after secondary markets of games. Such as players who buy items off of eBay for games, or from in-game stores. Just remove friction in the process and have a database forever. Also skins ofc. Probably there are more things that would work in the future for this. But as you said, the regulations will start coming and create a framework for all these new types of *potentially taxable, innovating* new ideas.
Super under researched video. Interest is only drops in retail investors. Where you think Vc’s and big brands go ? Nike literally buys and entire company RTFKT bruv.
NFTs are like beta testing for what is yet to come. It proves that smart contracts can work and they have the capability of holding value. You can apply a smart contract to almost anything you can think of. It is just a matter of time before the world fully adapts to smart contracts.
Somebody should make a video game and sell nft’s for control and ownership of each character, something like that. Like you own the character and that gives you special privileges within the game and ability to see everybody playing the character and be able to make money somehow off the character. I’m not a gamer so I don’t understand the microeconomics of it all but somebody who does, take this idea and run with it.
It’s funny how everyone has an opinion on NFTs but no one knows VeVe, the only company with name brand sponsors, and we can use your NFTs in the metaverse, AR and VR.. none of this cheap bored ape garbage
The NFT I got into was called WVRPS. Their NFTs came with 30 seconds loops of a best thats unique to your characteristics. So its good for Music creators but otherwise I dont get BAYC.
If you really wanna tackle this, you need to address the human need for: 1. (the illusion of) ownership 2. (the illusion of) exclusivity 3. PROFIT (the big daddy of them all) And make no mistake, even the stuff you can hold in your hand (like a painting or a super rare sculpture) only gives you the illusion of ownership and exclusivity for a very finite period of time. You can cling to it all you want but we all leave everything behind at some point, young or old. It's the illusion that counts. And NFTs help create the illusion (and sometimes along with profit). It is not about utility at all. People don't pay stupid money for "utility". That's a fact!
you forgot the IP rights. just how some bigger ones have been used for restaurants, cannabis, merch etc. As a developer you have the incentive of royalties
I've been involved in the NFT space for a year, and I agree, 99% of them are useless haha but the 1% that do, are looking great. I do think your missing the point of decentralization, providence (huge issue in the art world), how the culture is going digital - people rather own a Bored Ape than a Lambo for example for the Flex. This is also just the beginning, we're only in the first year of Bored Apes. Gaming, play and earn is amazing and legit the opposite of what the current gaming standard is, like you mentioned people had enough with play to win games. Play and earn is truly industry changing. You can also legally sell your gaming assets (unlike now where it's against the TOS). AAA blockchain games are inevitable. Yeah the SEC will come down hard on NFTs for sure, but again there's a lot of projects that got lawyers and are doing it properly. Long story short, I think web3 is inevitable, it's just a matter of time. I do think everything will be tied to the blockchain including movie tickets, but I don't they will be exactly how we see them today, there's still lots of innovation ahead of us. NFTs only exploded in 2021, and only been around for 4 years. Keep that in mind !
Scrolling back up to smash the like button remains an undefeated blue chip investment
im firs-
u know it’s bad when the biggest nft fanatic says it’s over
Do VeVe next
Cut that leaf behind you it looks like among us
Great vid bro!
Wait you're telling me investing 200k into a Jpeg of a monkey isn't a solid investment?
Most definitely a solid investment, IP Rights, Marketing Deals, Price gains, Free airdrops worth $20k+, Whitelists for NFT projects which you can flip for $500+ profit each.
Well worth it
The dumb reality is as stupid as it sounds man bought that blue cap punk jpeg for 6mil and flipped it for 10 in about 2 weeks it’s crazy out here
@@rollsrollie3480 fuck man seems like I should just dump my whole net worth in some
Who are these people buying this shit for ridiculous prices and making everyone think it's so wise to throw money in NFT
@@dondatrader5609 dont, i lost almost everything on fluffy coin.
One of the most popular natural NFT-like but not NFT items in game are RuneScape partyhats
I'd maybe play osrs again if they had a play to earn model. Like a crypto coin you can trade for GP. Or the other way around. Lol.
@@digi3218 Know one guy thats making an rsgp coin and tryin to target rwt comunity as it would be a safer way to real world trade lol
And limiteds on roblox are like nfts. If you sell them on the roblox "black market" you actually can make some good money
@@digi3218 that’s the most popular way to trade gold is through crypto
I remember when blue partyhats were almost $5k
Thank you for continuing to keep it real. I've stopped watching a lot of the finance CZcamsrs who sold out in the crypto and NFT space. You approach all of your videos in a very genuine way, and I appreciate it
Larry Green can you please do me a favor?
This guy is a genius when it comes to editing his videos.
This was pirate Bay that did it for me. 🤣
No he's not. This is an erratic mess
@@iLoveBoysandBerries people don't understand anything about editing...which is fine, they're the consumer they decide what they like but between liking something and saying "this thing it's objectively good" there's an abyss that people should really stop to cross.
@@iLoveBoysandBerries I smell FUD
@@iLoveBoysandBerries Meanwhile he has 1.15m subs and you have 10 lol
Shoutout to Biaheza for putting this huge amount of effort in every single video
🐈
and for reincarnating in this lifetime hahahaa
What else does he have to do? it pays the bills.
uyda azerbaycanli
Bruh, I like his videos, but this entire vid including editing was likely done in under half a day
i agree, i've never believed in NFTs for some reason,
maybe BCS there is no real reason for this shit to work in the first place
ITS THE FUCKING UTILITY IN A PROJECT NOT THE DAMN PICTURE. IF I CAN MAKE $4k/MONTH STAKING MY DEGOD THEN IMMA STICK WITH NFTs. IMAGINE PAYING $20k FOR A HOUSE AND MAKING $4k/MONTH. just stick to rentals bud if you dont wanna learn then nft aint for you.
@@brianwilliams7267 You wont get through to some people. They would only understand if they had a taste of it themselves. Otherwise "NFT dumb, now laugh"
@@brianwilliams7267 You might be getting lucky, but deep down you know in the end your NFT will be worth 0
The Pirate Bay joke was subtle yet so effective. Had a good laugh.
Can't believe no one referenced this joke in the comments!!
So glad I wasn't the only one
I kinda agree with what he said, that people play these games just bc it's related to NFT. Developers should really try to focus on the gaming experience cause it kinda holds back the idea of fun and just tries to cover it with crypto, nft involvement. Theres this Starlight NFT that I'm looking forward to though. Should really check it out.
Microtransactions are just about the same. Plus it’s obvious that steam won’t allow NFT games since their profits would be affected as they also control item selling on the trading market
Hundread percent agree with you man. Finally someone stating the obvious and waking us up to reality.
I think you mean "snap back to reality".
i've been wondering why it seems like no1 is buying stuff on opensea anymore, people just aren't too interested in anything new & it seems like no NFTs have any meaningful tangible utility in real life
@@ComradeChams not everything has to be a saying. Man was speaking from the heart
@@ComradeChams Oh there goes gravity
people make millions off of this
Keeping it real and that’s why I always love your videos
Been in crypto for 6 years now, there’s always a fad that comes and goes:
Lending platforms (bitconnect, p3d, davor, etc.), Crypto Kitties, Binance ERC20 ICO launches that would do 100x just because binance was attached to them. NFTs are just another fad and something new will come along to replace them. As long as you recognize it and get in early and out before it pops you’ll make an absurd amount of money, but none of these are long term investments.
NFTs are just a way to send money without taxes, if you want to inherit money from your parents, in Spain you need to pay 15-35% tax upfront, even for Real Estate. But if the parent buys the sons NFT spending all the money he has, he will transfer money to his son without any taxes
Inheritance tax is theft from the government 💀
Thats basically money laundering and tax evasion
@@nizarama587 But legally
You won't avoid taxes. Eventually you will have to take that money and turn it into fiat to be able to use it in the real world. At that point once the money enters your bank its considered taxable income.
@@doso4486 nowawaydays, you can buy real things with crypto, so no need to turn into fiat.
The bots in this comment section are about to go craaaazy
Regarding the security statement, I agree. But if the utility of the NFT itself is not profit sharing, then you could argue that you didn't buy for the interest in selling later on.
You do the same thing with watches and artpieces. As long as you can prove that you "didn't buy to sell" then it's not only NOT a security but also not taxed.
Verry interesting angle, yes you can buy a luxury watch and if it's a Rolex/PP/AP with rare color dial it will most likely come up in value. But here are the two main problems in my eyes. Rolex doesn't make 10 grade presentations on why their product is valuable. Such high ticket item is made by top watch specialists, it's produced in finite units and have a long history, where NFT for the most part are subpar art form. When you got an A1 tier product you don't need a marketer to sell it like what we observe right now. The prices for an art that can be replicated relatively easy is so out of touch. And It's not really quantity limited, if someone pays me to make 100 NFTs and we make good profit, this obviously will happen again and again. When you get to the point of tax reduction you got a some % of false signal to the market. Because a bunch of millionaires decided to put some money (not much for them, but if this goes up so much better for them) this is not a market move. Just like the luxury watches, if it's going to work it must have a proven track record and for now this can be said only for a verry few NFT projects.
@@Nikola_Botev are you really trying to convince people Rolex doesn't market their products...?
@@immortalcrypto5837 not at all. Rolex make proper marketing campaigns, not 10 grade presentation on how a jpg on a Blockchain will go up in value and will change your life. And for certain models you event can't buy them unless you know someone that have off catalog models and this part is not really marketed just the demand is there from theirs super fans.
@@immortalcrypto5837 They don't market them as an investment
Always felt weird and stupid from the beginning. Surprising how mob/fad mentality can get best out of people. Thankful that I didn’t invest it the space, but definitely wish best for people who did invest heavily.
I made 6 figures, and still think they are shit
Man this is good. I personally invested in the games you showed, Axie Infinity and Pegaxy and I'm currently in -90% Axie and -80% in Pegaxy. The only way you'll make it is if you get into it early, nothing else.
It's still early my friend.
You invested in games nobodies heard of? Good call.
Aka if you aren’t first in the ponzi than ur last
Axie and Pegaxy are shitty games they don’t have fun gameplay and their tokenomics are shit. You have to look into Big Time, Crypto Unicorns, Heroes of Mavia, Illuvium, and Mirandus / Gala Games.
@@abdo Apeiron not bad also
Absolutely agree, 99.99% of the nft arts(just useless pictures) and p2e games where you basically need to click every once in a while are just Ponzi schemes. The only nft based project that can succeed, that will attract people with the gameplay itselt, not that it is an Blockchain game. But I disagree that gamers don't want NFts in real games. Actually csgo skins are NFTs and player love them. They are just not on Blockchain, but controlled by Valve and you can lose them whenever they like. Imagine playing the Fortnite with every skin, and then selling it, when you are tired of the game and getting your money back. That would incentive people to spend more on game. But game companies are the one, that don't want Nft, because in that case players are buying from secondary market and company get only a small percentage of the price, instead of paying full price directly to the game company if there is no possibility of trading in-game assets. And I also disagree with the fee cost, it's just Eth net that requires shit ton of commission, there are a lot for Blockchains that require almost zero to non commissions at all, because they utilize proof of stake instead of proof of work.
Gamers do not want NFTs, unfortunately you are blind to that market trend, along with all of the influencers and large video game developers. Do not speak on something with confidence when you are speaking with bias.
I agree with this 100%! I think once the first real gameplay focused game comes out, its going to be dope!
I was coming down to say this if a really good game with cosmetic things like 2k madden or Fortnite takes the money players invest in already for those cosmetics and allow players to resell them then it will be good it was the only kind of nft I was waiting for.
other eth competitors that have super low fees only can achieve that by being more centralized, and thats a fact.
Roblox is the OG nft factory without a block chain.
Kids can make thousands on roblox selling their creations then picked up by a team mayb and earn even more.
I like crypto games but I don't want to see games use their own crypto coin.
I want crypto games to worry about the game and partner with an already established coin. A coin that can partner with multiple crypto game teams and just keep stacking use cases.
Like I heard Disney is building a meta verse and plan to use a coin zilliqa. But since i never heard anything else on that mayb it was bs hype that failed cos zil didn't do nothing.
But it makes sense to do it that way.
Game devs don't really have any business trying to run an economy they should just focus on the game.
Like a game studio does do. Then use a coin like teams use EA or whatever.
That way even if the game fails the coin won't and the team will not be able to con the players at all.
They would just partner with a coin and receive coin like buying shares in the game or rights to its economy system.
Axie infinity what do those devs know about money? Nothing i bet. But having total control axie team had their star coin AXS.
Then they had their bag token two of them to extra confuse people and the team rugged the SLPs im sure of it. They was always gonna take the SLP money so AXS can grow.
Just like the shib team they soon released two more tokens they owned all of to profit big since they locked up their shib wallets and told us vitalik burned it all. Until oct 28th when it showed up destroyed shibs run.
Now shib still has 30 trillion tokens in total supply not counted in circulating supply so those will turn up if it ever runs again snd I really don't think it will. That tram lied too much now it only has its hostages fr ATH desperate to try and fomo others into it lol.
Reading about people grabbing multi-figures monthly as income in investments even in this crazy days in the market,any pointers on how to make substantial progress in earnings?would be appreciated.
You have to have an idea on what you wanna invest in carefully before going in..
I think a Good T/A like her will pay off more than random u-tube videos,a lot of CZcamsrs don’t actually care if you loose money, they just want more views and traffic!,
She’s the one I referred my pops to after 2nd trading week when I just received profits. 12 days in my dad was smiling to $75,050 profit...tbh I became jealous lol was a bit skeptical starting high😤.
Check creamy friends nft
This happened to me in many areas of life not only crypto or nft . That is, NFT revolved around my interest, when it wasn't hyped I was into it and it blew up just as soon as I got into it and saw NFT everywhere, soon I lost my interest it plummeted to fast as if I am controlling the NFT Space with just my mind. The other reason, War, Inflation and Crypto Bills and Ban have effected NFT's
You are the average joe ,that's why
Yeah, same here with meme coins, any time I got interested again as prices were tempting then shortly after the market pumped then I got bored and it went down etc. and as for we’re the average Joe, yeah I guess so but I’d say we’re average Joe plus one, slightly ahead of the curve but with similar mindset, but not at the level of those super early to everything genius types
You’re not controlling anything buddy
@@Wokeupindesigner lol
Wasn't watching you for 5 years. Congrats on your success and that you are still positive and explaining things as they are :)
Sphere finance and Parrot finance will change how you look at NFTs give users Real world utilities. It will be like having a black Amex card 🙌🏿🙌🏿🙌🏿
Don't invest any real money in NFTs. Don't invest in things you have limited knowledge in, don't invest things that don't have utility (value). You are better off investing your money in other assets like gold , stocks, or relestate. Always research into anything you plan on investing in. Warren Buffet got rich because he had a deep understanding in the industries he was investing in and understood how their markets worked. Golden rule: if it sounds too good to be true, chances are they aren't true.
This is the best NFT video yet
💯
I totally agree it’s like crypto where the one who are already big stay big and orthers most likley be exponentially down by each other,and yes when the SEC comes in they just one punch everything
Yes but crypto has an underlying purpose, transferring value securely. NFT is only as good as the platform holding it.
The dinkdoink and dope gorillas sponsorship part killed me 😂😂😂 Perfectly executed. Love your explanation! Why make the process more complicated? Personally I will be trading all of my cyberpunks for web3 QR codes
Me too lmao this dude is a comedic genius
you should dig a bit deeper into solana nfts and their utility and use case. For one blacksmith labs has great utility that is based and forged within the blockchain. Also, I think you may have missed one of the biggest points to the utility of BAYC... the ape coin. That is going to be the decentralized currency of the ape metaverse
He already pointed out in the video that utility that generates more "useless" jpegs/shitcoins isn't sustainable.
The only thing comparable to NFTs or crytpo in gaming is Roblox or Core. The problem with these platforms are the fees which take nearly 70% of your profits. The blockchain is able to offer the same thing for a fraction of the cost to the end users. It is like saying we don't need save game states because developers can just implement continue passwords in their game like Mega Man X. One may do something similar to the other, but they are vastly different.
Quick reality check to all the crypto shills in the comment section: Gamers will NEVER accept NFTs in their video games.
I’m a trader, but I’m a gamer first. Putting business before art kills games. Every time. No exceptions. Everyone here is blind to that truth. The shills here are the type of people nobody can stand. NFTs are garbage.
Well nfts have made me 35grand in 3 months and they do suck just cause you said so 😀
@@myanjae7388 I actually shorted your position an made 5mil. You wish you could be me.
Solid logic.
Gamers already have accepted NFTs in their video games. I can't speak for them as you claim to, but I can see the millions of players ditch play to circle jerk games. This is the type of logic that is used to exploit developers into a terrible work/life balance and that is what "kills games". People making them who hate their life, but should be doing it "for the passion". Why don't you trade stocks "for the passion" or STFU.
@@DanielDroegeShow Your argument is just fundamentally flawed. Gamers don’t accept NFT’s. You only want to do things that make you money? Fine. The customer base does not accept this bullshit. You launch a product infested with this and it WILL fail. The fact that you’re trying to make a speculation about a market you don’t know a thing about is hilarious. If you were a fan of games, you’d know it wouldn’t work.
Ubisoft’s stock price dropped 50% in the last 2 years, they’re actively looking to sell the company to salvage something out of it. They’re the king of trying to make money over making actual creative works.
Passion is the backbone of the entire entertainment industry. A dirty little shill like you would never get that though. If it doesn’t make you the most money possible, then it’s worthless to you. That’s why projects will fail. Every time. Every box office flop, every forgotten video game, is a result of your flawed mindset. Sure, you gotta keep a budget, and set realistic expectations for workers wages and the scope of a project, but that’s no excuse to think NFT’s would ever pass.
You wouldn’t stamp an advertisement on the Mona Lisa for more ‘exposure’, so you shouldn’t do it here. Simple as that.
I think it will be at least 5-10 years before NFTs really have a use case. The concept is novel but until Blockchain sees wider adoption and gas prices come down there's not a point they serve that doesn't already exist.
Bro you gotta tell me…who does your editing? Is it you or someone else? It’s straight 🔥🔥🔥 every time.
has me so dead 😂
I am loving this channel recently. I just turned 18, looking to invest and have no clue what to do. By gaining knowledge myself, it loses me money. By gaining knowledge with biaheza, i dont pay anything and the content is also funny :)
Since the beginning this was my idea about that
NFTs is just a quick wave that will slide very fast
And yes it did slide
I been trying to tell my buddy at work this with out being too rude. These NFT have no value, no use, no utility.
Both NFT and energy inefficient cryptocoins are a serious attack on the invironment and have to stop at some point. It is amazing how many people shut their eyes for the rediculous high energy consumption. Nobody would ever accept that, except when greed comes around the corner then we forget about it real fast.
The amount of Ads about NFTs show it survives in it being a trend, once it doesnt trend it ends.
true
I could see it being useful in the sale of second hand concert tickets or things that require authenticity. It be nice to be able to pay someone and then know forsure they gave you a real ticket. Or buying a used LV belt and knowing its authentic becuase of the NFT. Other than that ....
But that is just blockchain, not an nft.
@@dogelife7901 you know that nft means non fungible token and doesn't mean PICTURE...right?
Dude these videos always make mi piss myself of laughter, you are the definition of infotainment. Informative and entertaining. Love it
I'm glad to see NFTs taking it in the chin. I never could understand why anyone would pay more for an Atari-like pixellated car than the real thing. I used to think NFTs were a money-laundering vehicle but now I see it was just a fad that, thankfully, is most likely dead.
its not dead lmao
Moonbirds went up like 20 eth overnight this week wtf are you talking about its dead lol 🙄 you couldnt be more wrong😂🤣
Follow my channel and twitter for calls if you're having such a bad time with NFTs I can give you some direction on what to get
@@Sommervillle NFTs without a use-case are crap and may as well be casino chips. And most people who 'invest' in that shit will lose.
@@1967MGC yah so? you can lose money trying to trade pokémon or mtg cards, it's no different -- what's your point lol
I can’t wait for you to be my exit liquidity when you have to conform to society accepting NFTs to take the risk and invest lol
I think we needed a pop like this to bring people back down to reality. I have an NFT podcast and show on Twitter and we celebrated this. Good buying opportunity and chance to set our expectations back down to Earth. The tech will improve over time, people will create new utilities, this is healthy for the NFT market.
This guy has just Scratched the surface of NFT utility. Good video, but not up to date.
Agree,
Why NFTs > Membership (as he compared) is the security behind.
You can easily fake a QR Code, or maybe even hack the Patreon server and manipulate data, which you can't with NFTs.
So he missed the security aspect.
NFTs which represent ownership of Cars/Houses will pretty sure be the future
@@emanuelavram2513 why would houses and cars be NFTs? You can’t just forge a house deed and take it to court and claim someone’s house is yours… same with cars… these things just don’t happen, if they did, yeah, I agree that NFTs would solve the problem which is now nonexistent
@@SonniTheDog its not about claiming its yours, but about frauds.
I got scammed with a car, which had seemingly original papers, car keys, ... but in the end it was a leased car with falsified papers.
Or any other victim who bought stolen goods..
Those things just can't happen with NFTs.
Thats why we would need them
The only utility would be functioning as a built-in-receipt / list of lifetime buyers for houses, cars, and expensive collector items.
Other than that - ehhhhhhhhhhh
@@emanuelavram2513 yeah fair enough that’s a good use case
Sad to see some people see NFTs just as an image, OWNERSHIP, thats what NFTs are and thats why they are the biggest technology in the last 20 years.
Lol look up the greater fool theory...it applies fully here.
Oh dear...
yeah i completely agree with this, see stacking, p2e do sound good but there way more volatility that its too good to be profitable
Thank you for continuing to keep it real man! I never believe in NFT not until I discovered your insights about NFTs. Love your channel and I’m following you!😊
Same as I love how NFT evolved. such a waste im not there when it start up. Good thing i found a new startup NFT have you heard with starlight nft?
It's always a good idea to for something that's just starting. :3 like Starlight NFT they are launching soon
@@christinemariandumas6966 it is but ofc we should always DYOR that wont hurt
@Meh They are bots that's why!
@@YTUA1983 "startup NFT" hahahahhahahaha
Think bigger. Think how NFT’s shape the future of the music industry.
This was such a good video
Not even close to being over, CoinBase NFT will bring in the normal person to NFT’s!
From an artist point of view, I was happy to see it happening, in my head I was translating it as when back in the day you could buy an oil painting, you had the proof that you had the original item. Modern world photography (my field) was lacking this because you can just copy paste things.. however making an nft creates the original "painting" feeling where finally collectors can actually prove that the item belongs to them.
From that moment I don't have to explain how the trading and collector market works itself out.
I feel like nft is definitely the right step, but just like with everything lately, people saturated it with items only chasing maximum profit, with zero long term vision, where now they are panicing and trying to build up a system around it: bored apes.
Steve Jobs said: don't try to creat a product and try to find out how to sell it to people.. listen to what they need and then create the product.. that it the exact reason why these companies at their current form are destined to collapse.
However I truly believe that with nft we explored something much needed, and with time noise will die down, and people who actually need it, will keep improving and benefit from it.
No one’s “NEEDS” nfts lol
@@miguelfigueroa360 digital art community needs nfts lol
This 👏🏽
NFTs are only a small aspect of a larger revolutionary technology: The Blockchain. Let the hype die down and allow the blockchain to settle itself into this fast pasted world just like the internet itself has. There’s a lot of potential to be realized 💯🌐
Issue with that is that the people who own the oil painting actually has the 1 and only painting that can’t be recreated to a T. Nfts can be recreated to a t for free… it don’t hold the same value
@@gm4ulkill yes it does. you don’t own the commercial rights to screenshotted art?
Art is just one aspect of nft utility, as a technology nft allows any asset to carry a proof of authenticity along with a record of all transactions along with it, it can be revolutionary in collectibles, music, limited edition items, access to specific events or exclusive access and discounts.
Im an Nft maxi and I thought this was a good video. Its just one thing. I agree that nfts dont make games better. But what they do is create ownership. At this stage, steam can just shut down your account and take your karambit fade. If those skins were nfts connected to your wallet. Then steam couldn’t take them. I believe that digital ownership can be useful in cases like this👍
Steam could invalidate them though, particularly if we're talking about skins for valve games specifically (like CSGO and TF2). It would be as easy as having it so when someone is banned, it also checks what NFTs belong to the person and banning them as well, since the database is necessarily public.
if games shut down then the NFTs created for that game are also useless same with steam if you store NFTs on a blockchain for steam games yes you would still have the NFT but what is the point if the game it was for is no longer available
@@TeleportRush valid point. And if steam doesnt track the nft it could create alot of problems as well. The player could just connect to a new profile with his or her nft and continue with bad behavior etc. Maybe someone will come up with a solution to this. Thanks for the response.
@@RC6Jax that is very true. If there is no game, there is no reason to hold the nft.
@@RC6Jax Yeah it's like owning a house built on a sinkhole. Once it goes down, I mean you still own it right? All smooshed and soggy?
NFTs are straight up garbage, I've been saying this from day 1, and I want nothing to do with them, ever.
Gary vee thinks he knows what he’s talking about
he's a pump and dump master he made his bag early
He's just another scammer guru, full of fallacy
He made quick money of people who wanted to make quick money. That's it.
Adding smart contracts to real estate companies is where NFTs will show their true utility, one project doing that is Villator LDT and they’ll take buying and selling a home from 6-1year+ down to the time it takes to process that on the given blockchains that have smart contracts. Check it out they also offer holders free holiday stays air their air BNB locations.
YES I AM SO HAPPY THAT PEOPLE ARENT BLOWING MILLIONS FOR A JPG IMAGE! Everyone’s finally waking up and coming back to the real world. The metaverse wont last long either
There was an Launch yesterday from an new Project with an proven Team. They minted at 2,5E (7,5K $). The Floorprice is 17E (51K $) and they have an traded Volume of 210 million Dollar :) Welcome to the new world
NFTs are a piece of tech. It’s like sleeping on the internet in the late 90s.
Are most project overhyped? definitely. However in 10 years people will be surprised by how much of the internet and social networks are built on top on nft and other erc tech.
You're not comparing the entire concept of the internet with nfts😂 the fact that it's technology doesn't mean it's just as revolutionary as the internet nor does it mean it will automatically still be used in 10 years
With all due respect, but I don't think that nft's will be as impactful as the entire Internet. The nft tech can be useful, but it's definitely not in the final form and investing in the current stage of the nft landscape is in no way a 100% succes. I think it more likely that the tech behind the nft will be improved and the nft's as we know them now will be useless.
@@Daniel-yt7ry blockchain/crypto is no doubt bigger than the internet. Would also never doubt the power of being able to monetize and own internet content for the first time
Dedicated ball trimmers are also new tech over the past decade or so. Programming languages and standardized protocols are what the present and future will be built on.
Not silly baseless claims to objects pointing to external references that could literally be handled by google with a txt document.
@@cormachayden bigger fool scam is actually a well documented term
As a 3d printed construction journalist/ youtuber my membership revolves around digital 360 tours of 3d printed houses in matterport. I choose not to use an NFT because my audience is an average age of 45 so they don't know how to buy the NFT. I am pretty confident I would have done far less sales as an NFT unless I got useless sales from virality but I am much happier just having people that truly want the value of the membership not some scammy 'NFT' asset attached to it.
Great now people can stop basing their whole personality off them
Influencers and ads halted the potential of what NFTs could be.
Kudos to people who believe in crypto and never in NFTs😇
Lol they are both a scam with no real value. Crypto has simply lingered on slightly longer.
Right now the whole shipping community still use a lot of manual solutions. Smart contracts and ownership by locating originals seems like the very best way of doing future trade.
Now, 2022, ships issue physical document and send by snail mail through banking system and the physical original document is the used at the port of discharge of cargo for the buyer to collect the goods.
U risk losing the document. U risk it being faked (fake copy). The ship may deliver to the wrong person and thus may even lose insurance cover. By using NFT technology or actually only using smart contract solutions, fake contracts of carriage would simply no longer be an issue and can be shared without snail mail..
Dude just completely forgot that every single item in the Metaverse will be an NFT
ikr
I'm 90% sure the Metaverse will fail
@@roborbiettinoisgone392 You give us hope.
@@roborbiettinoisgone392 why
@@roborbiettinoisgone392 that's low # you got to pump that number up.
I wish I watched this a year ago....Ive been down on crypto sense may of last year..I keep hoping it will come back up
"By 1636, tulips were traded on the exchanges of numerous Dutch towns and cities. This encouraged trade by all members of society; Mackay recounted people selling possessions in order to speculate on the tulip market, such as an offer of 5 hectares (12 acres) of land for one of two existing Semper Augustus bulbs, ..."
I agree 90% on what said on this video, however projects like SoRare are actually working because its around NFTs but to be fair, I saw many other projects and couldn't invest because of what Biaheza mentioned about being poor games (or Heartstone clones).
The utility of NFTs for video games is so when you buy an in game item with irl money you actually own it. Even if you are banned from the game or choose to change accounts you still have the items you bought and the money isn't necessarily wasted, you can sell them or move them to alternative accounts without the game company being in control. Video game NFTs wouldn't and aren't typically on Ethereum bc of gas fees as you pointed out, they're typically built on chains that can actually support mass transactions at very low costs, such as Solana (not saying it is used, just using it as an example of a chain that can support something like this)
I was waiting for someone to explain this to him... It provides the gamer ownership of the items they've bought so they can then re sell it on a secondary marketplace or move it to another account. Whereas now you buy an item on Fortnite and you don't really own anything
We don't want NFTs in our games Ubisoft found that out the hard way. The time requirements to unlock the NFTs were ridiculous and in addition to that the game itself was garbage. And to make matters worse many games already have marketplaces for buying and reselling in game items. And the best part of those marketplaces is that outsiders can't speculate on in game items and raise prices for people that actually play the game
@@nhilist5774 with the difference that you not really own the game items on those marketplaces and the gamedev could do literally anything with it.
This is good for the 1% of gamers who want to turn their TF2 hat-trading hobby into a full time job, but for the rest of the 99% of gamers, we don't care about "ownership", we just want some decent and actually fun games ffs.
@@erosandolina4785 who cares? I don't want to own in game items,I want to fun game to play with my friends after a long day of work and nothing more
Been telling people it was about to happen but everyone wants a tulip
I don't agree with what you said about the NFT gaming utility. While right now most play-to-earn games are basically smart Ponzi schemes (It's hard to make a p2e game that isn't. Trust me, we tried to design one), there are games like Sandbox or Decentraland where you benefit from your items being NFTs. (While not sure about these ones, In games like those anyone/everyone could theoretically start running the game if servers went down)
Also, there is a place for NFTs as game cosmetics, I would love my CSGO skins to be NFTs, right now you just don't know what restrictions will Valve roll out or if you are going to get banned for no reason and lose them. (Also being limited by 7 trade ban).
Finally, transaction costs are no problem with layer 2 solutions.
Edit:
The only way we found for a play to earn games to not be Ponzi schemes is to have a free economy with some form of finite resources and earning being based on getting
"money" from other players (in exchange for something you collect or whatever). The reason play to earn games like Axie Infinity, based on getting money from the game itself, can't work long term is that everyone just wants to get money out but no one wants to put money in (except the first purchase to get in the game). You can't just create money out of thin air and give it to everyone. It needs new players and regulations from developers to work.
If your skins were NFTs, valve could ban the skins. They run the game after all.
@@TeleportRush that makes no sense at all they wouldn't of allowed NFT integration in the first place
@@crispyasfuck2856 I mean, valve doesn't allow NFT integration in the first place, but I meant more of "When we ban the user, we also ban the Non-fungible Tokens they possess in their wallet from the system". It's 100% something a company can do, that they could only be held responsible for if the legal system would prevent them, and it hasn't really prevented that in the case of microtransactions thus far.
Decentralization (the key point of crypto and nfts) doesn't work in a game that a single company controls, because it's centralized
If you're running a game you don't need to use NFT's because you can just tie in-game items to the account
NFT's might be useful for owning and trading copyrighted art / pictures. But NFT's of 'moments' like 'Jack Dorsey's first tweet' are nebulous at best.
NFTs have been created for a variety of purposes. Incidentally, some of them address specific problems, such as the Mona Lisa Coin, which is designed to encourage people to protect artwork online.🤔😁
First time I gotta disagree with you man. In my opinion, I think that lots of collections started manipulating this niche, by making fake promises and clickbaiting the beginner investors that wanna make legitimate money and those people that don't even know what they're diving into. I think that this niche will be developed furthermore to a safer and stabilized level. These nfts, if they get used right and have an honest and great team behind it, then it's gonna become a more stabilized niche.
Now beside that, I really love what you are putting out there, thanks for sharing such amazing videos. Keep up the awesome work!😎🙌🏼
Yeah but NFTs are still worthless and useless tho…
I never saw the gain from the beginning. In layman's words I buy nft which everyone can screenshot then hope maybe it I may cash out at profit later on,mhhh kinda ponzi for me and as you have said still waiting on a proper utility. On the brighter side, I believe in Maybe 5,10 years to come maybe virtual lands can replace nfts fully! At least that one I know it's mine and mine alone and can add value and such alike
You’ve hit the nail on the head, this is the number one reason why we pivoted our start up. NFT’s can be revolutionary if used correctly, P2E and PFP’s in my humble opinion is not the correct use case as to how this technology should be used, crypto/NFT’s should always be on the backend and not dominating the entire narrative, in 2020 musicians only saw 12% of all revenues in the music industry that’s an example of a broken system that NFT’s can fix, although it’s really more about access, ownership and utility theres a lot to figure out and most of what we are seeing is nonsense. I’m more interested and focused on the underlying technology. Great video
That's why I don't think blockchain is as good as people pretend
If it was that good banks and other systems would be running it internally on their back ends
Buy in during recession 6-18 months out (Fed will prolly over tighten monetary policy)
so lots of comments, would love to talk to you more about it.
Not all NFTs are on ETH, gas fees for gaming... just does not apply... NFTs in games are actually a way to empower the gamer and take away from the company taking all the profits, most people dont understand this. I can agree that many current games aren't great, but many games are coming that will change that.
Wont list any so I don't sound like a shill...
next, SEC is a big joke, "protecting" the consumer is something they have rarely ever done.... biggest example recently is them not allowing users to earn interest on Celsius,,, only users with networth above 1 M and 250 annual income allowed.... seems like just screwing the little buy again...
Again I think you are focusing on mostly the ETH NFTs and the work there, while there are many other projects elsewhere doing great work...
"next, SEC is a big joke, "protecting" the consumer is something they have rarely ever done" they didn't protect consumers when filing suit against XRP which has been ongoing for years now. When they filed suit the price plummeted and knocked XRP from 3rd highest crypto and tons of those "sec protected" consumers lost tons of money.... thanks SEC.
I agree with you 100%, I was waiting for someone to say that
For the first time ever u have to disagree with biaheza. Im involved deeply in the space and nothing is dying.
Agreed man he is waaay off on this video in my opinion. And I usually always think his content is spot
not going anywhere anytime soon
This is a click bait video, "the world is ending click here..." Which I did 😅
Which parts did I get wrong tho?
@@biaheza No investment will rise forever, a downtrend was inevitable. The argument that nfts are doomed is incorrect imo. Similar to crypto there are many high value tokens that'll remain popular for some time.
The hobby of collecting rare items is as old as human history. It's in our nature to desire rare items, whether digital or physical. I do agree that the nft scene is filled with low quality projects, but once they die off the nft market will be stronger for it.
I am a game Developer And Seriously I don't Take Those Projects Which Says They Want NFT . I don't Like To Implement NFT in Games. They just Ruin the Game
Agreed with some of the points but some weren't accurate... I'll point out these first
- alot of layer 2 are gasless, so why build a gaming NFT on top L1 where it cost a fortune to transact when you can build on top of stacks, polygon and immutableX and they cost close nothing.
- NFTs applications will vary beyond art, nowadays art was the most obvious use case but digital ownership and smart contracts are needed for remotely anything and the next 3-5 years will prove that point.
- almost 98% of projects are going to 0 that's guaranteed but also the %2 and more projects are coming to provide real value beyond just the hype and cash grabs, look for builders and solid communities and you'll be guaranteed to make it.
- invest only what you can afford to lose and encourage those around you to do so, that way you don't need to go work for McDonald's if shit hit the fan.
Thats pretty much my 2 cents and always DYOR folks
I agree, art is the main use case for NFTs right now but there are so many use cases that people have not even thought about. There will be NFTs that you can buy that will be the equivalent to having a Netflix subscription and holding the NFT will give you access to every film/series that has been uploaded onto the blockchain. The perks would mean that you could watch anything and nothing would be taken off like Netflix does right now.
@@georgeevans8021 Absolutely, to name a few that I am enjoying right now while holding NFTs for a few projects; IP rights, lifetime access to web3 blogging editor, staking NFT yielding token that I exchange for money (fiat), tracking tool gated by an NFT and that's just to name a few, there are ones up & coming such as NFT that yields you token by jogging & running or there's another one I came across for cycling and doing IRL tasks, heck there's a mapping service right now that by holding their NFTs and installing a dash-cam on your car you will get tokens that are exchangeable for fiat.
So, folks, art is just one side, NFTs technology, and digital ownership are far more than just art.
Make up your mind, DYOR, and follow founders & communities, not hype.
Toxic positivity followed by "suggested reasonable caution" to try and give credibility to yourself.
Fundamentally none of these services need this tech as they could be done locally on a spread sheet. line goes up till rug, I feel sick even knowing I bothered to reply.
@@stevenbuth8530 Alright now you sound smarter than I am and know a lot. Good for you, I will keep counting my free money from staked NFTs while you go around talking like you know better than others by bringing them down :)
VERY nicely said bro...
I think NFT's will have a solid place in Meta but only a small fraction of them would be profitable
Another NFT maxi here, great video.
As a developer the main values I see in NFTs is speed. NFT technology allows for an easy to implement bundle of tools. Its the combination digital ownership, programmable utility, and connectivity to marketplaces. These technologies are not new on their own but are incredibly difficult to put together. NFTs technology basically offers this bundle as an easy to implement service.
The other value I'm seeing is giving the opportunity for people to buy into brands and be directly apart of their journey and/or community. Look at Azuki, and Haus as two examples of this. Azuki can be compared with Nike and Haus apple in terms of vibe. BAYC was the first to dip their toes into this idea but Azuki and Haus are innovating and taking it to another level.
Who knows where this road will actually go and most of it is complete speculation.
But I think it's easy to forget that innovation is happening fast in NFTs, they are not a static system, they will change.
What do you think about NBA TOPSHOT bro, do you think the opinions in this video are related to that side of the NFT wave?
Its a scam.
@@irarelyupload6930 Top Shot is a scam?? Please no I really hope not I've bought a few and were hoping for the best in the long run people have bought and sold at ridiculous prices but I have noticed a slight dip at certain times hopefully it will balance itself out😪
@@mackjones3939 It depends why you're holding them. Are you holding them because you want to get rich? Or are you holding them to just collect them? Individual NFTs themselves are just like any other collectable. If there is increased demand they will become more scarce and price will rise. If you think that in the future the amount of people collecting them will grow then they'll also grow in price.
Gaming and nfts is meant so that you actually own your items so you can sell them and trade them outside of their centralized platform. Also if you get banned u can create a new account and just continue playing with the assets.
I will forever appreciate this investment program, it helped me and my family a lot, your advice and lessons are inspirational helpful to us, I now earn every week. You’re such a blessing to this generation, we all love you.
So I'm pro NFT, but I agree with many of the points in this video.
Because there are so many projects that lack the 2 fundamentals that give NFTs value (collectability and utility), all of the novelty around the technology has lead us to see moonshot prices that just won't be able to sustain itself in the long term. I think the whole NFT industry is at risk unless projects start turning the tables and innovating ways to utilise the smart contract. Regulation is going to bite us and can lead to mass unpopularity making innovation very hard... a spiraling cycle. I feel that the solution is to build out the platforms that let us enjoy the usecases (social media x nft marketplaces like I'm building, metaverse ecosystems like Facebook is building) and ramp up the public adoption. The NFT bubble bursting can be healthy or detrimental. Healthy if it helps educate people about the danger of rug-pulls and to allow the novelty to wear off, leading to greater effort being required as a creator in order to sell out. Detrimental if the public sides with regulatory bodies in putting heavy restrictions on the industry as a whole.
What made you a Pro NFT?
Another pro nft gaming argument *it's a good one, i guess*
You could create a system that would not extort more money from players than they already do and use NFTs in at least 2 ways: profits, in-game utility. How would that look? We'll wait and see (probably).
Secondly, it could do something else for the beginning. Instead of trying to make this thing a money machine, they could just start going after secondary markets of games.
Such as players who buy items off of eBay for games, or from in-game stores.
Just remove friction in the process and have a database forever. Also skins ofc.
Probably there are more things that would work in the future for this.
But as you said, the regulations will start coming and create a framework for all these new types of *potentially taxable, innovating* new ideas.
I'm glad I never bought any NFTs. I did buy a bag full of FLUFFY COIN.
Fluffy coin 💎
Same😫
Well he specifically said NOT to do that. So A you don't listen and B you don't listen
@@wolfofyoutube474 Did ya say something?
@@rayk126 🤣🤣 bet
Valve obviously don't like NFTs because they have their own steam collectible system that they have full control over and take fees from!
im so early hi biaheza
Super under researched video. Interest is only drops in retail investors. Where you think Vc’s and big brands go ? Nike literally buys and entire company RTFKT bruv.
NFTs are like beta testing for what is yet to come. It proves that smart contracts can work and they have the capability of holding value. You can apply a smart contract to almost anything you can think of. It is just a matter of time before the world fully adapts to smart contracts.
This is the part that people keep missing. The JPEG thing is not what matters
Somebody should make a video game and sell nft’s for control and ownership of each character, something like that. Like you own the character and that gives you special privileges within the game and ability to see everybody playing the character and be able to make money somehow off the character. I’m not a gamer so I don’t understand the microeconomics of it all but somebody who does, take this idea and run with it.
It’s funny how everyone has an opinion on NFTs but no one knows VeVe, the only company with name brand sponsors, and we can use your NFTs in the metaverse, AR and VR.. none of this cheap bored ape garbage
The NFT I got into was called WVRPS. Their NFTs came with 30 seconds loops of a best thats unique to your characteristics. So its good for Music creators but otherwise I dont get BAYC.
Way too hyped for way to long
Jack Dorseys initial tweet was sold for 2.9 mil$ but after that no bidders for more that 6000$
If people think the NFT bubble has already popped, they are in for a huge surprise.
Right lmao this is just the beginning
@@crispyasfuck2856 totally agree, it's going to get much worse before it's officially declared as popped 😉
Just watched the first 20 secs. Mate I've been trying to up my videos to be atleast close to yours, but now I'm sure it's impossible. you're genius
If you really wanna tackle this, you need to address the human need for:
1. (the illusion of) ownership
2. (the illusion of) exclusivity
3. PROFIT (the big daddy of them all)
And make no mistake, even the stuff you can hold in your hand (like a painting or a super rare sculpture) only gives you the illusion of ownership and exclusivity for a very finite period of time. You can cling to it all you want but we all leave everything behind at some point, young or old.
It's the illusion that counts. And NFTs help create the illusion (and sometimes along with profit).
It is not about utility at all. People don't pay stupid money for "utility". That's a fact!
you forgot the IP rights. just how some bigger ones have been used for restaurants, cannabis, merch etc. As a developer you have the incentive of royalties
I've been involved in the NFT space for a year, and I agree, 99% of them are useless haha but the 1% that do, are looking great.
I do think your missing the point of decentralization, providence (huge issue in the art world), how the culture is going digital - people rather own a Bored Ape than a Lambo for example for the Flex. This is also just the beginning, we're only in the first year of Bored Apes. Gaming, play and earn is amazing and legit the opposite of what the current gaming standard is, like you mentioned people had enough with play to win games. Play and earn is truly industry changing. You can also legally sell your gaming assets (unlike now where it's against the TOS). AAA blockchain games are inevitable.
Yeah the SEC will come down hard on NFTs for sure, but again there's a lot of projects that got lawyers and are doing it properly.
Long story short, I think web3 is inevitable, it's just a matter of time. I do think everything will be tied to the blockchain including movie tickets, but I don't they will be exactly how we see them today, there's still lots of innovation ahead of us. NFTs only exploded in 2021, and only been around for 4 years. Keep that in mind !
What on earth is factual information doing on youtube?
@@immortalcrypto5837 Someone has to do it haha
Love the style of the vidoes and you always keep me interested! Great job.