No One Bought Steve Vai's NFT
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- čas přidán 27. 06. 2024
- Steve Vai's Hydra NFT didn't really work out. I believe that this is a sign that this trend will only continue with others who offer little to no utility. Will Fender and Gibsons projects fall to a simular fate?
Timestamps
0:00 Intro
1:35 What's an NFT???
3:35 What was Vai's NFT?
4:05 The listing
4:37 Secret Jewel Box
5:15 The Auction
6:56 The future of guitar NFTs
7:33 The Stratoverse(TM)
8:34 Will it last?
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Steve's project might have failed, but I can tell you from first-hand experience Gibson's NFT's are the real deal.
Just last week my Gibson NFT cracked right at the headstock. I'm still looking for a virtual luthier to do a proper repair.
Lol! Great comment. I’m invested in crypto but the whole nft thing is horse shit as far as I’m concerned. Best of luck finding that luthier 🤣🤣👏👍
Only fonzanoons break Gibson necks.
LOL this is by far the best comment
I have a Dan Erlewine NFT that can fix it for .0025 StewMac coin.
@@mooggeek75 Now we're talking!
i wouldnt even pay 2600 usd to get that exact guitar and i am a vai fan. im so happy when ppl ignore money grabbing fake nonsense like this. it almost restores my faith in humanity
🤣👏👏👏 I wouldn’t want that guitar free of charge
You could not pay people to take that monstrosity.
Almost
This was easy to predict. It's taken nearly 30 years for guitarists to begrudgingly accept digital modelling and that actually works. A incorporeal magic token had no chance.
I mean, digital modelling doesn't work, amp sims suck, Kempers sound like shit, and blockchain crypto/NFT stuff is a giant pyramid scheme robbing the gullible.
Not all have fallen to the dark side. Analog 4 life biches
@@hchoe741 What is a ”biche”?
@@hchoe741 brother do you use audacity for that sweet analogue sound?
@@djsusan00 no disk jockey is a brother of mine
I'm a big fan of Steve. NFTs are just a money grab. Can't believe he even offered this. Something tells me his team did this because he is not a money grabber.
He is not a money grabber? Lmao his guitars are super expensive even the ones made in indonesia are like $1800
@@naegleriafowleri2230 he doesnt decide the price of the guitar, that's just done by ibanez
You are both right. Kinda.
Steve Vai is not a money grabber. The prices of his concert tickets are a testament to that fact.
@@oldnikix is “money grabber” like a dog whistle for jewish? Ive never seen people being so negative towards people making money
I miss when companies/people actually produced real things. Now everything is reduced to some sort of a scam.
Western AAA gaming in a nutshell.
Gimmie a couple grand and I will make your pristine guitar look like it's been played for 50 years.
I've known about nfts for a year now.
You are the first person to give an actual practical use for this technology
What's sad is even thought he explains NFT extremely well (It's a technology), I see comments from people on this very video saying stupid things like "NFTs are a money grab". UGH.
@@Mr.Batsu12 They're right, NFTs are used as scams. Crypto gambling sht
@@MybeautifulandamazingPrincess Saying NFTs are horrible because people use them for horrible things is like in the 80s saying the music CD is horrible because bad music was put onto CD. Or that Bluray is bad because bad movies are put on Bluray discs. The technology of NFTs are amazing but most people just know of the crap they are used for. If you think "NFTs are scams" then you are just showing how ignorant you are.
@@Mr.Batsu12 Well I said they're being used that way, not that they're that way in its essence.
NFTs are being used for crypto scams, ponzi schemes and rug pulls. Just the fact that crypto is still the wild west and can't be regulated against frauds and scams currently, it's a given. That undoubtedly has damaged the idea of NFTs in many people's eyes
@@MybeautifulandamazingPrincess Oh, my bad. I thought you were agreeing with people who don't know what an NFT was but just associate them with scams. Yes, it's a shame NFTs are primarily being used this way. It's put a big stain on a useful technology.
I never understood the point of an NFT. It’s just a picture of something really
it's not even the picture in most cases, but a link to the image hosted elsewhere that could be taken down in the future.
* clears throat * Well actually-
I believe the main point was to manufacture a use case for ETH.
The point of nfts are to sucker someone into buying them. If you sell an nft = great business move! If you buy an nft = LOL DUMBASS.
Do you think famous paintings are worth hundreds if millions? Do you think Jimi Hendrix's guitar was worth millions? Nope. We have people that are too rich to know what to do with their money so they inflate their ego by inflating the prices on things that shouldn't have any, at all.
The JEM you showed is the Premium line. Ibanez somewhat recently discontinued the Japan JEM and they now sell for around $2500-3000
As a 3d artist friends have asked me why I haven't created NFT's, to which I usually respond with "because I'm not a conman".
NFT does have actual legitimate use, but to buy and sell jpgs? Nah, that's a giant waste.
It's more than that. You can build yourself as an artist with nfts having a bunch of stipulations on those nfts. You can be a conman...but you can be a legit business man. I could buy an nft from you that gives me a percentage on something you do.and if I sell it, you get a percentage everytime it's sold. It's a utility. You could build your own studio off of nfts.
@@NintenDub Too bad that 99.999999% of them are just scams
@@NintenDub percentage from an easily copied digital image? sounds like a scam to me.
@@NintenDub there is nothing remotely legit about NFTs. Nothing. They have zero relevance or value in the real world - just like cryptocurrencies. Fool's gold.
"NFT does have actual legitimate use", such as?
Great video! I'm amused to see how much the tide has turned against NFT's. Sony recently released "digital collectables" associated with Playstation games and went to great lengths to explain that they are not NFT's, you can't trade them, and they don't use blockchain technology.
Okay, this bizarre. I have been a subscriber to KDH and Patrick Boyle for a while. Now, Patrick Boyle, the finance professor, posts on KDH's guitar channel. Other than both are Irishmen, ... how does this happen?
(Stares outside to see if planet killing meteor is about to crash.)
@@cdurand510 it's literally just the Irish thing.
@@cdurand510 The population is quite small
Is this a glitch in the matrix?! You're the last person I'd expect to see watching KDH, but I'm so glad to know you do, because this channel is awesome. Cheers!
This screams to me that most of the guitar-oriented world has little to no understanding of what NFTs are lol. They want to seem relevant and hip so they take a chance on a new business idea, not having the knowledge to do a proper risk analysis. I was a little disappointed when I saw Vai do the NFT thing, though I never thought it was malicious. Just a boomer move...
Yeah because guitar world and guitarists are famous for their open minds, and how quickly they embrace new technologies
If "boomer" refers to "baby boomer", I don't think it's appropriate here. They're less likely to be involved in tech crap like this. Just my take but I could be wrong. I'm sure someone will correct me if I am.
@@aw2584 more true than you think, have you even seen the new guitars these days? A far cry from my les paul
@@castleanthrax1833 it does
I don’t think the ignorance is just with the guitar community. Social media marketing is such a huge business now that there are teams of people across multiple industries scouring the internet for the latest fad to jump on. There’s very little oversight now , I can imagine 20 years ago someone in Steve’s team would have had to veto this , but social media is still seen as a dark art in marketing terms so they probably agreed as you said : with little to no understanding.
One Vai project that never came to fruition was the whole "Real Illusions" story; that album is Part 1 and there were supposed to be multiple albums. If you partook in the EVO Experience on that tour, Steve gathered all of the participants in front of a camera and had everyone say a single word. At the show I attended, Columbus OH, the word was, 'We.' The idea was to compile all of the words said by all of the EVO Experience attendees throughout the tour and that would be a verse or something to a song that was to be the finale of the whole Real Illusions story. That never came to be as that was back in '05. Cool idea, shame it never materialized...yet at least.
i was VERY stoked on Real Illusions. that album didn't leave my cd changer for like 2 yrs straight. i remember hearing about the EVO 'word'(s) and it made me REALLY need the follow up. instead. SEVEN YRS LATER. we got 'The Story of Light'. which is rad too but "Real Illusions: Reflections" i can STILL put on and run it front to back without skipping a song.
Because those evo experience are too expensive lol
Cool story.
I remember this, the gig I was at the word was here.
I can imagine that everyone with OCD tendencies (like Sheldon in TBBT) must be squirming like hell, unable to complete the sequence of words they were
“because it banged in thumbnails”.
Amazingly you’ve cracked the code.
Love your videos. I'm glad you are able to be cohesive. Fair and full of wit. Thanks!
I'm so glad this channel exists to call out shitty practices
What’s shitty
The record labels and biz ppl
Good luck getting your band signed
Maybe if you could sell you nft collection to fund your band you wouldn’t need them
Always look forward to your insightful offerings... Cheers.
I LOVE your channel. Ever since the Rob Chapman video I keep coming back. Great content and much thanks from across the pond!
I checked, still subbed but I did turn notifications on. I hope you get everything you ask the universe for mr. KDH
Steve is one of my favorites, I would get the PIA and never a NFT
Getting the PIA really is a nobrainer, but I am sure they can add a unique NFT to each PIA for free. And I still would not want that stupid NFT. ;-)
So you would plays someones elses wife? Lmao
Definitely! Gimmie the Green PIA!
Doesn't he have a stake in the entire RG shape since it started off as a "cheaper JEM" in the first place? Zero reason why an NFT is necessary. Even a limited edition Funko Pop or $80 Vai mini statue/figure would be cooler
@@naegleriafowleri2230 his wife's name is Pia, I just discovered that a few days ago.
Man, I love how you take shots at people. It's refreshing to see a channel that isn't afraid to throw shade at musicians that people generally respect. People are too nice in this day and age. We need more hate in this world. Keep up the great work!
It's not hate for the grifter. It's love for the consumer.
can't tell if this is sarcasm or not
@@pkdude5334 its massively sarcasm.
As a Vai fanboy, I think this was done by his team to get in on every new trend for the hydra guitar rather than steve having a huge passion for fucking jpegs. This was most likely done by his media team, the only reason I knew about this was because of one insta story i saw so they didnt put a lot of effort into the marketing either.
You can release songs and music videos as nft
Content
Are you an idiot???
Y speak of things you know little of like you are a goddamn genius
Oh wait you said you’re a vainfanboi carry on
that guitar is the ugliest thing I have ever seen in my life it looks like the wall of an Applebee's
Great video bro 🤣Greetings from NZ 😎🤘🎸
Great observation and insight! New sub 🤟
What's up KDH! Loved the breakdown of Steve Vai's NFT "Project". Keep up the good work. 🤘🤘
Still Subscribed love your content :)
This video made me giggle, thank you.
I think everyone was saving up for those sweet Gamestop NFTs.
There's absolutely no way Steve knew what he was signing on the NFT things. He's such a lovable goof that if he knew what nft actually are being used for, he wouldn't sign.
Steve is a computer geek
All he knew was it was going to "make tons of money" and he signed on it. Hes no better.
Wow me and Steve Vai have at least 1 thing in common, nobody buys my shit either. I must be a great guitar player!!
Fucking hilarious
Yeah my music isnt on the radio either lol
@@GlennJimenez well have you even gone to your radio relay station to sign up to play for a song?
@@Tommybouy666 No. Has it worked out for you?
One of my mates explained NFTs to me a year ago and how people were making money from them (I'd literally not heard of them previously). It confirmed for me that some people will buy anything. Except guitar nfts it would seem.
NFT's will end up being nothing more than a punchline.
you did get more views than Steve Vai's NFT listing in ten minutes
Called it
A shame cause I don’t even know kdh music only his CZcams channel
Support music and artists
Isn’t that y y’all here
Oh wait…. 🤣🤣🤣
@@kodykindhart5644 no
Steve Vai looks like he sells crystals, incense and tarot cards. Not NFTs
Hearing people referencing Trogly always makes me giggle. Hahahah ❤️
Now Vai is getting the KDH treatment… no one is safe! 😂
I'll be glad when this NFT bullshit is over.
I only own one NFT. It is the I OWN AMC NFT. I collected it the same day I sold all my shares lol.
Btw love your channel KDH! Found you a couple months ago and binged all your content!
It already is haha
@@ReprobateMind I wish you were right. Recently at some parisian "Tech Event" among numerous "Internet of Things" bullshits, a startup was trying to sell NFTs on "connected Bonsaïs".
@@arvetemecha yeah if you look at all the numbers it never ever starter TBF, more people own and use digital assets in that decade or two old game second Life in 2021 that bought NFTs ever it was always a vocal minority, lots of the projects still are trying to start and failing but attendance at these places and people buying NFTs is a select small group of the Cryptobro community and most of them won't even touch NFTs, unless someone comes up with something useful to regular people they're dead
Great video 😌😌😌
that was the best nft explanation for nornies on yt
I want to go back in time before nfts and crypto were a thing. This shit and crypto bros are so annoying.
I'm a huge Steve Vai fan, but the world of NFTs is one that I refuse to get involved with. I'm kind of surprised and let down that Steve Vai got involved in the NFT game. I mean I can get behind Gibson including NFTs with their guitars and used in legitimate ways that are not a money grab, but it would be even better if Gibson employees could tell the differences between their own guitars and a cheap Chinese knock off, which speaks wonders towards their actual quality control issue.
Nft can help directly support new and upcoming bands instead of the bullshit industry ran by money and greed
Sure there was great music but it was to the benefit of business not artists and music
Support bands and artists you live by giving to them directly
Nft is how we drop new are to our fans first
They buy our stuff there and get perks that come w different ones
Some tokens grant you access to things
Don’t judge that which you do not fully understand
We are in Pdx
Spreading love and sharing music
Helping bands
Throwing free shows
All because we sold our nfts and didn’t sign with a label who takes everything
Gibson will start giving a shit again when name recognition alone isn't enough anymore for them... so basically you might as well wait for pigs to fly.
@@kodykindhart5644 Every industry is about money and greed
Cool go support them then
Hopefully your not hating on bands selling nfts to support themselves
That’s not greed
I’m not greedy getting paid to write create produce and release music
You’d rather bands be left to the industry at large rather than being able to support themselves thru things like nft releases
We also partnered with lots of amazing artists to help promote each other’s work
The "legitimate uses" have no extra utility beyond a secure encrypted password in the first place though, it's quite literally just designed for market speculation (read: ponzi schemes) and drawing orders of magnitude more electricity.
The only reason you'd want your password (or other like, "identifying code") to be stored on a blockchain instead of some centralized server is when you don't trust the provider of said server... which presumably you do if you're buying a guitar from them. And on the blockchain you're instead trusting every single little finger in the pie to not straight up steal or delete your stuff as it gets passed along
Having NFTs as a guarantee of authenticity is a great idea. Good one.
I guess the guitar community still have some sense to understand that NFT's were created for people who don't know what to do with the extra money they have. For us, that extra $$ is obviously going to guitars🎸
oddly fascinating bit of music... can't say i'll listen to it twice, though
Still waiting to complete my box set…🙁
Hey KDH , is it true that all modern Gibsons have a RFID tag under the fretboard? I heard it's for internal use and it's somewhere under the 1st to the 3rd fret of the guitars. 😃Cheers
Great video - common sense!
Don't come down on Steve this was most likely in Steve's contract with Ibanez as a part of the release of the Hydra. I've met Steve several times he doesn't come across as someone trying to rip his fans off, he probably doesn't care about the NFT either.
No, I'll come down on Steve for this. He's at a level in his career that he sets terms of contracts, he doesn't get bulldozed by corporate lawyers. Ibanez isn't pushing contract terms on him without his consent. At the end of the day, Steve is in charge of his business. Same with Bonamassa and all the tat he sells.
Me: I don't know what an NFT is.
Someone else: Really? I'm surprised no one's ever explained them to you.
Me: Actually, they've been explained to me many times.
I could sell you the correct explanation of an NFT as an NFT.
Trogly has some knowledge pertaining to Norlin era Les Pauls. He's pretty knowledgable in general when it comes to Gibson's but the bulk of his knowledge is on Les Pauls from the 70's through to present day. Their are folk who are far more knowledgable but Austin knows his stuff. It's just a shame he's become less humble as times gone by. It's great to see someone do well but this guy won't answer questions in his comments on youtube but will if you pay him via his website. It's a shame these chips develop as time goes by and channels grow.
I like his channel and what he does, but yeah sometimes it feels like he forgets who his core audience is. When he says stuff like "Gibson should've charged more" and "It's *only* 6k".
I’m still Subbed. Thanks for checking in though.
Still subscribed!
KDH dude I 100% with you
Your delivery is very succinct. Your dry humor on this one is outrageous. And your attention to detail ... you should have been a lawyer. It's not too late, why not? You could make a video on it. :-)
You should definitely make a video about stratosphere
I got a Gibson les Paul and when someone stamped the serial number on, the last couple of letters are only just visible. The last one is only visible at certain angles. Took ages to find a guitar with the top I wanted. Now if it had nft instead as a verification, with photos ect, that could be something a little more easily identifiable as no 2 tops are the same.
I had to look up what an NFT was. Never heard of it before this video.
I checked. I'm subscribed still. ♥️
It's a solution to a problem that mostly doesn't exist or no one cares about. 😂
I love the idea of an NFT style digital receipt. It should really be a no-brainer 👍
I personally don't even care about meaningful NFT utility. At best the benefits are marginal.
my fav player was Stevie Ray Vai
KDH was right, sitting at 17 minutes since posting and there is 580 views on the video already.
Nasty looking gtr.
2:47 Yeah about that, he wasn't the expert at that time, that he is now.
Great video, but the technology behind NFTs doesn't have uses. Do a CZcams search for "The Trouble with NFTs." An immutable ledger that requires you to burn the equivalent of 10 gas stations to add an entry has a catastrophic design flaw.
That’s a good point, especially for something on the Etherium blockchain. Eth in general really isn’t great, gas fees etc.
However there are alternatives that have significantly less environmental impact which could make the tech make sense.
@@KDH there is literally no application for blockchain tech. It's a completely useless pyramid scheme. Go and watch munecat's video about crypto.
@@richardharrold9736 in it's current form yea, but just like every evolution,it'll be ironed out and will seem so easy..making now look so ridiculous.
It’s like every tuber critical of nft’s always has a comment about the usefulness of the block chain tech so crypto dorks don’t lynch them in the comments. They come off as npc’s too me.
High GAS fees isn't a design flaw because it wasn't part of the original design of NFTs. High GAS fees are happening because of the current environment of cryptocurrencies. These can and will be fixed with time.
Oh man, for a moment you had me thinking it would be a sweet deal for me to go buy a new Jem 😅
I already have a Slash Snakepit guitar. It's not bad.
I want to call NFTs a fad, but they've become something more... Insidious than that.
On paper, they seem perfect for artists to monetize their artwork instead of relying on institutions that could screw them over.
In practice, they come in three brands of shit:
Poorly designed, auto-generated art made by a soulless brand that doesn't have any interest in artistic integrity (Bored Apes in a nutshell).
Quick cash grab fads by celebrities wanting to make a quick buck.
Or the epitome of the diseased micro transaction mentality seen in the gaming industry.
Just another result of capitalism.
Yes its an old argument
No I am not a communist
Yeah, direct to consumer shadiness instead of middleman shadiness.
I think there's a lot of applications of digital signatures and storing data on a blockchain for the music industry. You can QR code parts and make it easy to verify their authenticities and trace their origin. Using a merkle tree, you can effectively print verifiable genuineness labels on an entire production lot of guitar strings for a fraction of a cent. But yeah, selling a receipt for nothing for thousands of dollars is kinda dumb.
🤘👍
I have an immense urge to buy a Silver Sky now.
Jordan Rudess was shilling them too. Haven't heard anything from him on that front for about 6 months now
I wonder how much of the proceeds from the Vaibrant guitars (Which are like the old ESP pickguard guitars that look like a floating strat pickguard and a neck but with his JEM style fluro paintjobs) I know he wouldnt allow use of the name for nothing..
"it cant be faked" famous last words
Thanks for clearing what an NFT is. Here I thought he was auctioning off the actual guitar!
I don't really know who they are trying to reach with this. Any guitar player looking to spend $2700 will spend it on actual gear, rather than a video of gear. Any non-guitar player doesn't give a crap about guitar NFTs.
It's like auctioning off exclusive downloadable content for one person to have with immutable proof on the chosen chain. I guess at some point it might become useful for artists but it seems like selling futures for value of artists. Digital assets in this NFT form seem to be more about boosting scarcity value and less about providing income stream for less well heeled artists.
Just wanted to touch on that Fender video, it looks almost exactly like the graphics in Decentraland, which is a metaverse token where you can buy and sell digital land. So maybe Fender used that to build the “stratoverse” or whatever it’s called. Just speculating though.
I don’t see a future for NFTs in music as the concept isn’t clear for a lot of people.
steve is 62 years old i don't think he particularly cares about nfts, it was probably his manager's idea or one of his children's idea.
🎸
steve is one person I'd give a buy on something like this until or unless it's a pattern. Knowing what he does and how he operates, it's not even unlikely that he'd be using NFTs to get funding to promote artists that don't get enough exposure.
Other possibility is people who make comments "you know, you should do an NFT - I'd bid on it". That - not related to NFTs only, but requesting anything, is usually followed by disappearance.
Just like people who say "you put a group buy together for this, I'm in dude. Count me in on 3 of them"
A couple of months later:
"yeah, I changed my mind, can you give me my deposit back?"
Thank-you so much for explaining what an NFT is. Yes, I've asked several people/went to several sources, received/saw several answers, all of which were a bit different from each other.... Your explanation was sensible and helped a lot. Now, Steve who?
Oh, shit remember when NFTs were a thing?
It's been a while ain't it?
Thank you for your continued coverage of the nonsense in the gear world …
You nailed this man. NFTs are essentially just a receipt. The NFT should be free with every guitar (or product) bought.
Make stuff people want and do it better than they are expecting.
It's hard to manufacture a new collectibles market for adults. There are a lot of practical applications for NFTs, like you said. Sticking to those will actually attract interest, although the name "NFT" may be ruined.
Guarantee one small section of Steve's rack equipment cost 20x the desired amount for the NFT
He should have at least included the real Hydra guitar with the NFT. Joe Bonamassa included one of his bursts if you bought his NFT.
Vai, Gibson etc. are late on the initial NFT craze, as it's already over.
It's alright if artists and companies experiment with NFTs a bit, to figure out decent use cases for this new technology. It'll take a few years for NFTs and what to do with them to mature.
The Stratoverse seems quite cool. Everything has to start somewhere. It appears to simply be a map for some VR platform.
The crappy thing about NFTs is that they have so much potential. Bands issuing their own tickets via NFTs, on a public blockchain -- no scalping, no bots, no transfers. Ticketmaster would be out of business, if not for their exclusivity deals with venues :(
NFT's can and have been "faked" via theft by hacking. They are NOT bulletproof.
@@Boudica234 You’ve lost me. Faking something (fraud) is totally different than stealing it, which would be hacking. You can’t fake a transaction on the blockchain.
@@5urg3x The point is NFT's for verification purposes cannot be held in a so-called cold wallet. That means they can be stolen just like any other crypto.
@@Boudica234 Regular concert tickets can be stolen too. Two factor auth solves that, ie they need to present the ticket (or NFT) and a drivers license at the point of entry, or some other factor like a PIN.
@@5urg3x The authentication for lower priced items is PROBABLY safe because it PROBABLY wouldn't he worth it to steal these type of NFT's. But if the authentication is for stuff like real estate, expensive musical instruments (or other expensive assets I've heard suggested for NFT authentication) or expensive digital NFT "art" like Bored Ape, the shit is as vulnerable as any crypto held in a hot wallet.
I'm still subscribed so we're good
Why does it look like……..shit? 😂😂😂😂 that was brilliant
Love your content kdh. Have really enjoyed the stuff you’ve dug up
8:13 FENDER: We need to hire a 3D animator!
Councellor: I know a guy who animated stuff for a bowling hall
Fender just discovered second life 😂
I seriously doubt Vai knows what an NFT is - his marketing team probably put him up to it. Just a trendy way to get some attention for nothing.
You make a great point about how NFTs could be used as certificates of authenticity for limited runs. Hadn’t thought about that. Great content as usual!
Soooooooo........if I bought this, I have a digital receipt for the video..........if I own the video, does that mean I can download it and upload it wherever I want and monetize it? In other words does it give me the copyright?
Someone explained this to him in a convincing way and he went "ah well that's kinda cool let's do it" with good intentions and he's now realizing it was a bad idea.
I don't see Steve doing this with I'll intentions. Who really knows tho. Lot of my heros have shown their true colors last few years.
NFT = Not F****ng Tangible
It's a case of a celerity not knowing their fan base. Vai's fan base is almost entirely guitar players, mostly from the 80's, who spend all of their disposable income on guitar gear. I'd be surprised if any of his fans own any NFT's