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NFT Explained In 5 Minutes | What Is NFT? - Non Fungible Token | NFT Crypto Explained | Simplilearn
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- Äas pĆidĂĄn 15. 08. 2024
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This video on What is NFTcovers all the important concepts of NFTs like What are NFTs?, What are Non-Fungible Tokens, What is NFT and how it works, how are NFTs different from other cryptocurrencies working in the same Blockchain Technology, how NFT became so popular and what future NFTs hold for the world's economic system.
Don't forget to take the quiz at 03:47!
00:00 What are NFTs?
01:39 What is NFT and how it works?
02:09 How are NFTs different from other cryptocurrencies like Ethereum and Bitcoin?
03:05 How did NFTs become so popular?
04:05 Future of NFTs
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#NFT #WhatIsNFT #NFTExplained #NFTCryptoExplained #NFTCryptoForBeginners #NonFungibleTokens #WhatAreNonFungibleTokens #NonFungibleTokensExplained #NonFungibleTokensExplainedSimply #NFTExplanation #Simplilearn
What is NFT? - Non-Fungible Token
NFTs turn your digital assets into one of a kindby creating a unique digital signature that defines the ownership of your assets and that can be bought and sold for real money, cryptocurrency or any other asset like a non-fungible tokenaka NFT.
NFT basically creates a blockchain-based digital certificate for your digital collectables, including games, music, art, and many more. This certificate gives your artwork a unique identity. The Underlying technology and the programming language used by NFTs are the same as other cryptocurrencies ie. Blockchain and the programming language Ethash or Scrypt. On the other hand, NFT is a unique token; therefore, if you try to trade it, you may end up with something completely different in your hands. Cryptopunks is a remarkable example of NFT, it enables you to buy, sell and store 10,000 collectables with the proof-of-ownership being stored on the Ethereum Blockchain.
NFT has proved itself to be a boon in the lives of many others - like Jack Dorsey, the CEO and co-founder of Twitter with his very first and famous tweet, just setting up my twitter,and Vignesh Sundaresan, famously known as Metakovan,who bought 69.3 million dollars worth of NFT art on Beeple. Owing to its increasing popularity, people are now willing to pay hundreds of thousands of dollars for NFTs.
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unique digital signature
Can you help me understand how to create such animated videos ? do you have any course for this ?
Oh, and to answer and âtake the quizâ, my answer is: b) Unique digital signatureâŠright?đ
B) unique digital signature
B) unique digital signature â
I was hoping for a decent and unbiased explanation, yet I was met with some infomercial on why I should quit my job and start making cat doodles for my retirement fund. We're doomed as a species.
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@@SimplilearnOfficial lol what
@@SimplilearnOfficial what a shitty bot
bruh wtf is this comment
Did...did you watch the same video?
This is probably the most comprehensive and understandable breakdown I've seen. I still don't personally understand why somebody would want to own one of these...
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a high school student became millionaire off some beluga avatar,.. Why would *she* own one? hmm. just sayin
(But not super-sayin')
Well you haven't watched this then
czcams.com/video/YQ_xWvX1n9g/video.html
Kenny NFTS are gonna dominate the world
@@ayaangarg7941 no they wont
You pay for ownership of your own art. Lmao okay.
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Its always been that way, the middleman gets a slice from the labours of others .....
@@wealthintruth6227 I don't think "it's always been that way" will ever be a good thing to say. Especially as an reply to something that is obviously stupid. So you are saying people always been stupid to pay someone else so you have the rights to what you have done. Lmao good to know lul
@@schmietwechdeschiet4340 Most artists are artists, not sales shills..... they rely on the middleman to hustle and the middleman hustles a piece of the pie.... this has been happening for eons....
@@wealthintruth6227 wierd every artist I know are dead set on their pricing and won't negotiate for even a penny less. Lmao. And changing it to "happening for eons" doesn't change anything. My point about that still stands.
Here's an issue I see with digital art. If you compress it and then re-expand it you might loose quality but you'll also destroy the NFT. Assuming the metadata is destroyed. You could take a photo od a screenshot and the NFT wouldn't be present. So forgeries can be made easily.
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Forgeries can always be made of even real world art. NFT's provide a chain of authentic ownership.
@@mikeniemand9368, yes but does having an NFT authentic ownership serve as any legal recourse on infringement? Does it make sense to pay for something that we cannot actually use as legal protections?
I haven't checked on NTF pricing, but if it's the same cost as a trademark or copyright (actual legal protections), then I'm not seeing the benefit -- especially for digital works that, as Gazza-in-the-usa put it, whereby the metadata is destroyed due to compression and expansion of the digital artwork.
@@Kai-fp3kd Well it will vary from country to country but 'broadly' you have an inherent copyright in any work produced by yourself. NFT's allow you to transfer and prove this ownership. Surely?
@@mikeniemand9368 So then it's main benefit is for the optics?
I could get into it if proceeds of purchasing NTFs circled back to the artists themselves-or better yet-to communities where art supplies and education is underrepresented. Right now, it just seems like a capitalist move, but I get it.
I still don't understand it
Hello
Just look it as a digital ownership based on blockchain and smart contracts
It's stupid
Me too
damm mark is a really good friend
Edit:
bruh wtf is up with the replies
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He's friendzoned
@@kiruurself3553 đ
Are you familiar with the Nft space?
@@kiruurself3553 Are you familiar with the Nft space?
It sounds so fascinating yet so incredulous.
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don't worry its just the smell of boolshit
in short, for the collector. that's literally all it is. social status. on the level of having a picture file on your hard drive, NFT is useless. in the case of having a one of a kind item in a video game or MMO, then it seems to be the best case scenario. no one in their right mind would care to own a gift that exists all over the web already. millionaires don't count, they aren't real people.
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What value has 100 dollar bill? Its just 0.0001c wort of paper so why you can exchange it in shop for things w much higher value?Think about it , same thing as nfts.Real worth of some assets is set by community and people who trust it ,not literal value
@@remist can i buy an iphone with an NFT i just made on microsoft paint?
@@thetriwizardchampion9809 sure which one do you want? Turbo pro or turbo pro max
czcams.com/video/zBYZQnpb1Xo/video.html
Respect to you man, how you are literally answering everyone's comment down there.
Thanks a ton! Your support makes all the difference đ
Earth desperately needs another meteor to end with this stupidity
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Kim Jong Un might do the job!!
The only one stupid is you because you don't understand this technology
Will the meteor be fungible?
@@cryptic7965 I think he understands it more than you do
Thanks this really helps explain what they are. I still donât understand any real situation why a person would buy an NFT of digital art if you could just see a free copy online, but this video answers the what not that why so thanks!
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@Tubular Tom. Projects ? App? Websites, music, games. What are a farmer? đ
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NFTs are only good for two things:
1) Bragging to crypto-bros
2) Laundering money
@@Broodwich11 They are perfect for laundering money. Any other usefulness falls under "A sucker is born every minute"
So itâs just like owning something in real life, but itâs all on the computer....you just canât touch it or hang it up....sounds pointless to me. Iâll stick to tangible things thank you.
Yeah, that's how I see - but there must surely be more to it than that.
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@@SimplilearnOfficial shut up
You are missing the point. It's to secure ownership. Say you purchased a Picasso from a standard art auction house. They would give you a standard bill of sale in paper form. And let's say in addition to that paper bill of sale, they create a NFT which holds the same information as your paper bill of sale, except now it's immutably notated on the blockchain. Now let's say that sometime down the road there was a dispute about the originality of your painting because some guy auctioned off a counterfeit painting with a counterfeit bill of sale from the same auction house that you bought yours from. That issue could be promptly solved because you have the NFT, that's been written to the blockchain. Case closed. That's just one simple case of NFT use.
@@eldodiaz1863 I take a picture from google and make ntf to make it mine.
So let me get this straight. It's a virtual patent with no legal protection other than it's authenticity based on computer code or whatever and the only value it has is what other people see in it?
Iâm other words, itâs art that isnât legally protected
Yeah, stupid isn't it?
NFTs are also subject to piracy by China. Just wait til the Chinese sell similar NFTs to competitors at a lower price.
"No, NFT is a digital form of an artwork with an authentic certificate created by blockchain technology that underlies Cryptocurrency. Now this certificate validates its ownership and authenticity. and this makes it secure to any kind of malicious act like forgery or manipulation. These certificates store valuable information in them. Therefore, its unique data makes it easy to verify and validate their ownership and the transfer of tokens between owners and you don't need any type of external protection to make it secure.
"
Liam but people would be able to see it is a copy because of the blockchain
Answer is option B). Unique digital Signature makes the item non fungible. This is so because with the help of NFT's we can prove the ownership of the item.
Loving your content. !!!!
"Hello! You're absolutely right!. The answer is B - Unique digital signature is the correct answer.
NFT is a digital asset that represents internet collectibles like art, music, and games with an authentic certificate or unique digital signature created by blockchain technology which makes it one of a kind. Therefore, it cannot be exchanged nor can it be distributed publicly."
Question for all the cyber experts on here: so does the exchange of NFT assets also means the original owner also gives up their "private key" to the new owner when they sell an original item online?
They always say its âYoursâ Just screenshot the art and it will be yours đ
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Hello đ
@@CalvinSmith-fr7pf nice pfp đž
I just learned about "all my apes gone" and I assumed NFT's were about buying useless files in the hopes that you can sell them later to some other dude who is both richer and more stupid than you. I still think I'm not far off.
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That's basically what it is. Rich guys get influencers to promote their NFTs and Crypto. Their followers invest and drive up the price, the owners then sell off their assets and the value tanks. Leaving the followers/investors with nothing and the rich guys and influancers make money.
Hello, I have a few questions for you:
1- How can we find out that the person who goes to our social media and says that if you put your product online on the gateway-nft platform, I will buy from you, is he a fake or a real buyer?
2- How much is the total cost of gas and other costs for printing a photo in NFT form?
3-Does gas fee have to be paid for every time we mint a photo as NFT or not? Or does it have to be paid only once?
What the point of selling a nft when i have screenshot
You can own the screenshot, but not the copyright and the ownership. Yes, feel free to screenshot
@@MiJi_29 I do not think there is any copyright law currently that actually relies on a blockchain.
Answer: B!
And thank you so much for the video! My sister is an artist and I'm excited for her
"Hello! You're absolutely right!. The answer is B - Unique digital signature is the correct answer.
NFT is a digital asset that represents internet collectibles like art, music, and games with an authentic certificate or unique digital signature created by blockchain technology which makes it one of a kind. Therefore, it cannot be exchanged nor can it be distributed publicly."
Hello
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Unique digital signature ....
& best way to explain nfts
Hello! You're absolutely right!. The answer is B - Unique digital signature is the correct answer.
NFT is a digital asset that represents internet collectibles like art, music, and games with an authentic certificate or unique digital signature created by blockchain technology which makes it one of a kind. Therefore, it cannot be exchanged nor can it be distributed publicly.
hello , the answer for the question is option D - Distributed public ledger. Because the others are fungible tokens .
"Sorry, The correct answer is B - Unique digital signature is the correct answer.
NFT is a digital asset that represents internet collectibles like art, music, and games with an authentic certificate or unique digital signature created by blockchain technology which makes it one of a kind. Therefore, it cannot be exchanged nor can it be distributed publicly."
Hello
Due to the fact that it's linked to crypto I find that really it's a desperate attempt to keep crypto alive and hyped. NFTs generates no objective value and are a waste of computer processing.
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Hello
The overly priced art world is a form of tax evasion. This is just another way to buy art. That one guy bought 63 million dollars worth of NFT. You donât honestly think thatâs because he really loves digital artwork lol
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@@SimplilearnOfficial dude is this just a chain you send to everyone?
What I was thinking as well. Itâs like all the rappers gifting other rappers Lamborghiniâs and shit
100% Art and âFoundationsâ are two massive tax evasion avenues the uber wealthy take.
This would really inspire beginners
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I still donât understand what the benefits are compared to traditional systems of ownership, copyright, authentication and sales.
There are utility nfts and I would advise you look at nfts with an investorâs eye not as something you buy and just keep, Iâve made a fortune off nft sales and I didnât need to create my own to do so
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Yes itâs so complicated but I get it now thanks to this CZcams video haha.
Happy to help!
Oh do you?
Someone has just proposed me $7500 for 1 peace of my Art if I put it in NFT...
It smells fishy and I still can't figure out why...
Crypto growth is absolutely the craziest I've ve ever witnessed! I have always hoped to invest in crypto fore one day but the thought of doing so without enough knowledge of the Bitcoin market makes the whole thing less attractive can't afford to lose any money in this pandemic period
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Hello đ
How are you doing?
its all a huge hoax
thanks for the video, so the basic idea is to take the gold and substitute it with Monopoly dollar bills
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Hello
I dont get the people whonhate nft if i understand it correctly you sell your ownership of pictures to people. Isnt that just like normal selling but just online?
You own the token. The picture attached to the token is arbitrary.
I think NFT's would be useful if they were integrated with smart contracts in such a way where you could use an NFT to get a smart contract to do something it would not do without the NFT.
This NFT art stuff, though, is just strange.
This was a really helpful video for me!! Was looking for an NFT for dummies type video and this was perfect, thank you!
Glad it was helpful!
Wait a sec, I just watched this video...
Are you calling me a dummy?
Yeah wait hold up
đđđđđđđđđđđđđđđFor more information messages him, he have helped a lot of people that got scammed..
@@tammyperez6652 are⊠are you referring to yourself?
That made things clearer, however this is VERY exploitable and doesn't help freelancer artists at all
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Hello
I still don't understand, why would Suzy need to bye a NFT of artwork she made herself? She already owns the copyright as creator and no one can copy or duplicate the work without her consent.
Hi
Owning an NFT of their artwork provides a unique digital certificate of ownership and authenticity that can prove they are the original creator and owner of the artwork, potentially provide a new source of income through commissions, and offer new opportunities to showcase and distribute their work in digital marketplaces.
Art meeting finance...interesting n exciting concept đ
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Hello
The answer is Unique digital signature
But seriously, I need more of a lay man explanation of NFT
"Hello! You're absolutely right!. The answer is B - Unique digital signature is the correct answer.
NFT is a digital asset that represents internet collectibles like art, music, and games with an authentic certificate or unique digital signature created by blockchain technology which makes it one of a kind. Therefore, it cannot be exchanged nor can it be distributed publicly."
Hello đ
@@SimplilearnOfficial I agree with you đŻ
For more clarifing, if you buy a nft artwork, the ownership of the NFT link is yours but the intelectual property of the artwork is still belong to the artist unless they never claim intelectual property or sold it.
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And if you screen shot it what then?
@@laraycrenshaw5908 you can claim it as yours and piss off the real owner (cough cough cough twitter cough cough cough)
@@yoniment I mean you can use it all you want. Ain't no one gonna stop you.
@@laraycrenshaw5908 Well you have the image but don't really own it on the blockchain so it's not really useful
The Answer is B I believe. What makes an item non-fungible, is the Unique digital signature that is secured to a specific item. It cant be interchangeable. It can be copied, but it will remain without authenticity.
Hello! You're absolutely right!. The answer is B - Unique digital signature is the correct answer.
NFT is a digital asset that represents internet collectibles like art, music, and games with an authentic certificate or unique digital signature created by blockchain technology which makes it one of a kind. Therefore, it cannot be exchanged nor can it be distributed publicly.
OK so NFTs is something you make or you produced đ€ and when you put it out there online and if someone likes it you get paid am I correct ya I still kinda don't understand did u get it right I think
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Fabulous info. Concise and informative. Thanks for sharing.
To the makers of these videos: please include people of color for your graphics instead of just caucasians. Your audience is diverse and the market expands to more than just caucasians. The message of exclusively caucasian graphics is as outdated as racism itself.
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Does not bother me. Just cartoon figures.
Hello đ
Hello how are you doing?
Let's appreciate this quality video
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Hello
thank u for thorough explanation
Glad it was helpful!
Hello đ
Thank you for simplifying for something like me, who is new & learning about the crypto world!
WooHoo! We are so happy you love our videos. Please do keep checking back in. We put up new videos every day on all your favourite topics Have a good day!
Everyone is walking.
But you must see the way.
Have the courage to choose your path even if no one is walking on it! đđ
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Hello
ethash and scrypt are algorithms. the programming language used is solidity.
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Good explanation cheers
Glad it helped
Very Educational video
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This is a great technological solution to a problem that effects a few people, thank you!
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Please show me where the solution was
How does this get rid of screen shots?
if only you knew.
Agree. Basically someone invented a unique 'sticker' and wants to stick the sticker to everything they can and then try and upsell it as if the sticker adds value. Seriously, it's a scam until someone actually shows it's real utility. Using it as a watermark for a legally signed document is probably the only use case and Docusign already owns that IP.
I believe the answer is (a)Exchangeability for the question at end
"Sorry, The correct answer is B - Unique digital signature is the correct answer.
NFT is a digital asset that represents internet collectibles like art, music, and games with an authentic certificate or unique digital signature created by blockchain technology which makes it one of a kind. Therefore, it cannot be exchanged nor can it be distributed publicly."
@@SimplilearnOfficial yeah agreed. But, your question was what makes an item "non-fungible" not what makes an item an NFT (non-fungible token). In my opinion a unique digital signature does not make an item non-fungible, an item becomes non-fungible due to the emotions we attach to it.
Hello
B) Unique digital signature! If you thik about it carefully, definitely, today's technology easily can help you in many cases to take what others considered as untouchable, I'm sure that NFTs are an excelent safety tool, for the next few years!
"Hello! You're absolutely right!. The answer is B - Unique digital signature is the correct answer.
NFT is a digital asset that represents internet collectibles like art, music, and games with an authentic certificate or unique digital signature created by blockchain technology which makes it one of a kind. Therefore, it cannot be exchanged nor can it be distributed publicly."
It's not that difficult. NFT could be anything of value that could be sold. You save it online. It's secured and has information of who owns it. No one can steal it. It's stored in Blockchain(type of tech)
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Fascinating how the internet developed to the point of hyper-monetization: monetize everything physical and virtual. Linking real money to lines of code. Generating money from mathematical calculation. Giving real monetary value to "digital art". The world of finance and its endless innovations. I'm really curious to see how up the numbers will go
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You know, I started to notice that more and more. I have a few things that are monetize, but I think I'm going to do it the old school way and try to incorporate a few new age styles of making money online. I don't know, it's hard to fit in anywhere right now, especially how things are shifting very quickly, and I really don't know how to gauge life entirely. Also this video made me feel extra stupid, because I did not know Jack squat what any of this is! I'm still waiting for watered-down version of this explanation, especially since I'm not strong with technology, finance, or advanced coding.
@@xRegenQueenx I totally am on the same level as you
Answer To the question:what makes an item non fungible is its unique digital signatures.
"Hello! You're absolutely right!. The answer is B - Unique digital signature is the correct answer.
NFT is a digital asset that represents internet collectibles like art, music, and games with an authentic certificate or unique digital signature created by blockchain technology which makes it one of a kind. Therefore, it cannot be exchanged nor can it be distributed publicly."
@@SimplilearnOfficial hi! I dont quite understand. Like what if someone just take a ss or save the digital art? Would it be a loss for the NFT owner? I hope i can get an explanation on that! Thank you in advance
@@aiman7282 if you happened to get a screenshot it would be very difficult to sell because a screenshot doesnt have the digital signature and certificate that the original has.
@@yoniment OHHH! that makes sense now. if you screenshot you just get to use it but you cant get any money from selling it as it is not authorized. thank yoU!!
@@yoniment yes but in terms of utility, they are the same. One just has a hefty pricetag behind it.
Cool to see how you really only talk about how great it is .... not at all explore what can happen when things go wrong or what that could mean for the future and such
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Hello
The answer to the question at 3:47 is B unique digital signature
"Hello! You're absolutely right!. The answer is B - Unique digital signature is the correct answer.
NFT is a digital asset that represents internet collectibles like art, music, and games with an authentic certificate or unique digital signature created by blockchain technology which makes it one of a kind. Therefore, it cannot be exchanged nor can it be distributed publicly."
Hello
Right click save as
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Amazing video..nice explanation. Thanks for Sharing with us.
Glad you liked it!
Hello đ
How are you doing?
This is a bit pointless. It's not stopping anyone from copying it. I feel that there's something that it can be used for that nobody is quite seeing yet...but this aint it.
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This is totally the most understandable and comprehensive platform I have seen, NFTs is simple to comprehend.
Thanks a ton! Your support makes all the difference đ
Give me a break, still trying to wrap my head around CRYPTO currency haha
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Thank you so much for this explanation! It really helped!
Glad it helped!
Hello đ
How are you doing?
This was a good collective ideas in NFT, I have bought the OJX coin recently.
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very informative thank you
Glad it was helpful!
Hello đ
I still don't understand this. Can someone explain it with this scenario. So if Susan created an NFT for her artwork, how does it solve the problem of duplication? Can anybody not simply copy the art work and recreate it themselves? What is stopping them from doing so?
It doesnt. People can still copy your work, but now you have legal proof that it was originally yours so you can start legal actions against them.
@@Nicothomas17 I see. Thanks
Thanks for this video... And the answer to your question, its "b) Unique digital signature". :)
"Hello! You're absolutely right!. The answer is B - Unique digital signature is the correct answer.
NFT is a digital asset that represents internet collectibles like art, music, and games with an authentic certificate or unique digital signature created by blockchain technology which makes it one of a kind. Therefore, it cannot be exchanged nor can it be distributed publicly."
Hello đ
My answer is b) Unique digital signature
"Hello! You're absolutely right!. The answer is B - Unique digital signature is the correct answer.
NFT is a digital asset that represents internet collectibles like art, music, and games with an authentic certificate or unique digital signature created by blockchain technology which makes it one of a kind. Therefore, it cannot be exchanged nor can it be distributed publicly."
Excellent video.
Thank you very much!
Fun Fact: Artworks in Louvre is actually IRL NFTâs
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Great Breakdown!! I'm Taking Notes đ đ
Glad it was helpful!
How are you doing? How
What makes any item non-fungible ?
b)unique digital signature
Right ?
"Hello! You're absolutely right!. The answer is B - Unique digital signature is the correct answer.
NFT is a digital asset that represents internet collectibles like art, music, and games with an authentic certificate or unique digital signature created by blockchain technology which makes it one of a kind. Therefore, it cannot be exchanged nor can it be distributed publicly."
Hello
Thanks bro đ:- ans is b unique signature
"Hello! You're absolutely right!. The answer is B - Unique digital signature is the correct answer.
NFT is a digital asset that represents internet collectibles like art, music, and games with an authentic certificate or unique digital signature created by blockchain technology which makes it one of a kind. Therefore, it cannot be exchanged nor can it be distributed publicly."
thanks for the explanation. Now I can explain why I hate it!
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Hello
Thanks for that insightful break down
Glad it was helpful!
Hello đ
Ans= B .. Unique digital signature
"Hello! You're absolutely right!. The answer is B - Unique digital signature is the correct answer.
NFT is a digital asset that represents internet collectibles like art, music, and games with an authentic certificate or unique digital signature created by blockchain technology which makes it one of a kind. Therefore, it cannot be exchanged nor can it be distributed publicly."
You cant make a trade with NFT so option c is not fit, else if you support the barter system then it's possible else trading is not a good idea with this.
"Sorry, The correct answer is B - Unique digital signature is the correct answer.
NFT is a digital asset that represents internet collectibles like art, music, and games with an authentic certificate or unique digital signature created by blockchain technology which makes it one of a kind. Therefore, it cannot be exchanged nor can it be distributed publicly."
Great way to explain NFTs. Thank you for your wonderful work đ
Glad you liked it!
This doesnât explain why NFTs secure the work. A JPG of an NFT is the same. This is nothing like owning a physical painting. This also does nothing to secure copyright under the Copyright Act.
Buying an NFT does not, in itself, convey title to the copyright of the work. That would require a separate contract.
The only practical use I can see for NFTs is to record documents in a verifiable way, similar to how county recorders record real property records.
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If you make a piece of art, and attach it to an NFT, I guess it can prove ownership, since any other person pretending it's theirs would need a proof of ownership which existed earlier than your NFT, and such a proof wouldn't exist, unlike your NFT. It's a little bit like people used to send their own work to themselves via postal services, so that the date on the envelop would prove they were the first owners.
But I could be missing something?
@@niconois You donât have any ownership rights or responsibilities. You canât delete it if you want. You donât pay to maintain the server so someone else can just turn it off. Thatâs actual ownership.
You donât attach an image to an NFT. You only attach a link. You cannot copyright an IP address just like you canât copyright street addresses or recipes. I can create an NFT and link it and it has the exact same property qualities. Itâs not like registering a title deed with the county. That confers specific defined property rights. Linking an IP address confers zero.
You basically said - You upload art, add a copyright, worth thousands yet canât be turned into actual money yet is being sold with actual money. Youâre missing like huge major parts that would actually help.
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Thank God for your quick easy to understand video.
Glad it was helpful!
Hello đ
How are you doing ?
So what I understood is, Being a Music producer I can create music and should pay some party to get NFT for that creation and now typically it would be generated from my digital file (WAV/MP3). So here is the problem then, What if someone use the same tune but completely rearrange the music. I think, NFT will not help here to claim the ownership?
So the benefit will be, if I can tell people that, that this is the tune copied from my work and here is the NFT for my original work which produced before this one.. Looks like I am living in some other Universe :D
Anyways but, Thanks SimpliLearn for insightful video.
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the problem is the NFT is most likely not going to work the way people might think. I am not convinced NFT is something people actually need.
I was thinking this too. music is automatically your property for 75years, wheras images and designs, you have to pay for copyright, depending on country. the video makes it seem like its good to get NFTs, but i've yet to see a bennefit.
the best ways to ensure your music rights still, is to save all music projects to an online storage service, this will keep the dates of all things created. or as im sure your aware, save your projects onto a usb and post it to yourself via special delivery and dont open it.
I feel like im missing something with NFTs to see the point.
Hello
Thank you for extra ordinary explanation đ
You are so welcome!
Hello đ
Tysm For Showing What Is NFTs Are I Didn't Really Know What They Are But I'm Glad You Showed Them Thank You Again âșïž
You are so welcome!
Hello đ
So how does an NFT guarantee the original asset? You can just ship a fake. Or The person registering the asset may claim itâs real and original but itâs not. What tied the token to the asset???
Great explainer! Thank you for putting a complicated concept into simple words.
Glad it was helpful!
Unique digital Signature is answer.
Overall nice video!
"Hello! You're absolutely right!. The answer is B - Unique digital signature is the correct answer.
NFT is a digital asset that represents internet collectibles like art, music, and games with an authentic certificate or unique digital signature created by blockchain technology which makes it one of a kind. Therefore, it cannot be exchanged nor can it be distributed publicly."
I like it and I will sign up today out in the future
We are glad that you have enjoyed your learning experience with us : )
Excellent explanation âïž
Glad it was helpful!
Its like buying a star⊠really youâre just buying a certificate. Nothing about NFT means anything.
Thanks for watching our video and sharing your feedback.
Youâre welcome.
Thank you so much for this video; cant wait to learn more from you
Glad it was helpful!
Hello đ
Why canât someone screenshot an NFT print it on a million t-shirts with Microsoft Paintbrush?
Where and How can we own a NFT? Does NFT has a standard? In what platform we can have the NFT? Can the NFT be exchange or recognised in different platform?
Hi, this is an excellent question.
To purchase or hold an NFT, you need to have an account on a listing marketplace like OpenSea and a wallet like MetaMask. You can purchase NFT(s) on the marketplace while the transaction details are held on your wallet.
After you purchase a NFT, you can list it on other marketplaces at your discretion. =]
Thank you for explaining this in terms and examples I can understand!!!
Glad it was helpful!
Hello đ
Nice to meet you how are you doing?
This does not feel like real life any longer...
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The explanation I have gotten so far thanks alot
You are welcome!
Hello đ
Absolutely amazing video
Thank you very much!
This thing is only effective if you create something on digital platforms that is very incredible, with alot of detail, creativity and unique. Like is it worth applying NFT on a digital content that was made using Microsoft Paint, of a simple building with 3 different colours used?
This only works if you have high end photo editing softwares.
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Good point. I'd like to hear what others think about this. I tend to agree with you.
B. Unique Digital Signature. Great video!
"Hello! You're absolutely right!. The answer is B - Unique digital signature is the correct answer.
NFT is a digital asset that represents internet collectibles like art, music, and games with an authentic certificate or unique digital signature created by blockchain technology which makes it one of a kind. Therefore, it cannot be exchanged nor can it be distributed publicly."
ANSWER IS ...B...UNIQUE DIGITAL SIGNATURE ...i watch your video till the end since i am just recently so curious about NFTs and wondering where to start...any tips?
Hello
Hello! You're absolutely right!. The answer is B - Unique digital signature is the correct answer.
NFT is a digital asset that represents internet collectibles like art, music, and games with an authentic certificate or unique digital signature created by blockchain technology which makes it one of a kind. Therefore, it cannot be exchanged nor can it be distributed publicly.
thanks man like you helped alot you explain it in an amazing way
You're welcome!
@@SimplilearnOfficial