Understand the NFT game | #NFT explained

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Understand the NFT game | #NFT explained

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#Cryptocurrencies #Bitcoin #NFT

What are Non-fungible Tokens(NFTs)? It’s a way through which the rich are getting even more RICHER!

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How? I have explained the whole concept in detail in this video so do remember to watch it till the end 🙂

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0:00 Introduction
450 Blockchain
7:28 NFT
12:26 What about us
16:11- Final verdict

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50 Replies to “Understand the NFT game | #NFT explained”

  1. Faz um vídeo pra gente falando sobre alguns jogo NFT e quais dentre deles são os mais promissores. EX: Axie, PVU, Polychain Monsters, Block Monsters.

  2. Natasha Che is doing an experiment where she’s created an NFT and destroyed the underlying asset – a diamond. pretty cool and intriguing. not to mention entertaining

  3. Great info Akshat as always. The only disconnect I have is, unlike any other assets which we own , we have right to sell/keep and also destroy it. I can melt gold, burn paintings and swipe existance of a musical piece if I own that asset. Can I do the same with NFTs ?

  4. How to buy NFTS in india , kindly post the video regarding how to buy and sell and which application is good to buy that NFTS kindly create the video regarding this

  5. You rightly pointed out that whichever diamond, however exquisite can never replace the identity of Kohinoor diamond. Same is the case for the original image file that Beeple exported out of the art tool (or the arsenal of tools) of their choice. But the moment the exported image is uploaded to their NFT collection, it then and there becomes a digital copy of the bits and bytes that once lived on the Beeple machine. How is someone who can view the art on the NFT marketplace taking a screenshot of the art any different from the art being uploaded as bits and bytes copies from the Beeple machine to the blockchain network?

    Is it just all about bragging rights and the collector mindset that "this trusted blockchain approves it is mine", or is there something more than that which I’m overlooking, which actually makes collector’s NFT more like the Kohinoor diamond scenario and less like "buy and name your own stars" scenario?

  6. Hi Akshat…
    I know you once said that you don’t buy expensive electronic stuff.
    But please buy a good mic, one that are used by youtube creators that would give your sweet voice more pleasant to hear.

  7. The 2 most important factors of NFT’s Eco-system would highly depend on
    1. "Where is the shared platform of NFT and Who Owns that data (records or entries or transaction ledger) that currently , recognised in which currency or cyrpto coins".
    2. "The judiciary Law and rights (copyright is a serious topic for NFT). The Laws needs to be framed first to make it robust and bring transparency and value of the eco-system."

  8. But yes I have to nr rationsal in what o do n a docotor who is like x men with no tym but still follloewssuccess with t
    T.you has to be proven . I think it will be of help to everyone

  9. @Akshat, Nfts as of now are only buyable through cryptocurrency like Ethereum. My concern is since blockchain requires a massive amount of energy to sustain itself and the world by the day is getting more and more conscious about the environmental problems. Is cryptocurrency or nfts practical in a long run to invest on??

  10. Dear akshat, please post a video on real estate, especially residential plots (not the apartment/flat). No matter what, the plot rates are sky rocketing, unlike stock market and other money multiplying instruments where there’s always ups and downs.

  11. Really like the video. Super informative and valuable. One question I had was how do we purchase these nfts? Could you perhaps do a video on that?

  12. There is way too much that has happened in the world post pandemic. There is so much to consume in every field that it is unreal. I read a news lately where someone sold his Pokemon cards collection for some insane amount. I am not sure if it is good or bad. It is becoming way too easy for people to become rich and famous and if you are someone who is diligent and focused on his work and choose to not delve into these things then the world might call you a fool. In today’s world you need to be a smart worker and someone who is the jack of all trades ; there is no need to be a master to mint money. It is challenging to keep yourself updated on every new thing that is popping up and honestly, I find the whole process quite intimidating. But there isn’t much of a choice as change is the only constant, however it is happening quite rapidly.

  13. I still am not able to comprehend… What is actually being sold.. "Is it the words i.e. I (idendity x) seeling this to You (identity y) on block chain ?".
    what will stop me from creating 10 copies of a image and then sell it as10 NFTs.. , how is this validated? heck.. what if NFTs are available on different block-chains?

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