In the past year a new trend in the crypto world has boomed: NFTs, or non-fungible tokens. They started as a way for digital artists to have ownership over their work but have transformed into a dizzying new multi-billion-dollar marketplace. Are they worth the hype?
00:00 – Are NFTs worth the hype?
01:38 – How to sell an NFT
03:24 – Where did NFTs come from?
04:51 – Why are NFTs so popular?
05:45 – NFTs in the artworld
07:04 – The risks in buying and selling NFTs
08:08 – NFTs in the metaverse
08:53 – The real world uses of NFTs
Read Alice Fulwood’s cover story on decentralised finance: https://econ.st/3L3yzBh
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Why did we decide to sell our own NFT?: https://econ.st/3ofuyzV
Listen to our podcast episode on how our NFT auction went: https://econ.st/3sccbNv
What is an NFT?: https://econ.st/3KYbtfb
Find our most-read explainers on decentralised finance: https://econ.st/3KYbDDj
Did an avant-garde French artist sell the first NFT?: https://econ.st/3s6fsxC
How is the market for NFTs growing?: https://econ.st/35HW42z
source
Aka Scams. Pity whoever is left holding the bag
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The video seems to talk an awful lot but actual reason why someone would be prepared to pay huge money for NFT is mainly glossed over.
Informative value of this video is minimal, but someone did spend some time on the putting all these neon signs together.. shame it didn't help much
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Like most art, NFT is a scam.
NFTs are 21st century tulip futures. 🌷
NFT = scam
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This dude up here ⬆️ really works like a magician, at first it sounds like an impossible task to retrieve stolen NFTs but then he made it possible and I retrieved my NFTs intact .. thank you so much for keeping to your promises. ❤️
This dude up here ⬆️ really works like a magician, at first it sounds like an impossible task to retrieve stolen NFTs but then he made it possible and I retrieved my NFTs intact .. thank you so much for keeping to your promises. ❤️
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that carbon talk is alittle wrong on the numbers
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One Year Splash of NFT Stats –
Unique NFT Buyers/Sellers over the Past 52 Weeks (using market analytics data)
Compared to May 2021 the number of unique NFT:
Buyers has increased by a factor of x20.5 (1380 to 28,231)
Sellers has increased by a factor of x20.9 (1366 to 28,605)
In proceeding 52-week period the number of unique:
NFT Buyers peaked at 192,226 the week of January 31, 2022
NFT Sellers peaked at 155,379 also in the week of January 31, 2022
Does anyone have a gut feeling as to when the next peak might occur? hmmmmm
And…. here’s the raw data (hope it’s useful to you)
2021-05-10 B: 1380 S: 1366
2021-05-17 B: 6562 S: 5367
2021-05-24 B: 9272 S: 6889
2021-05-31 B: 10835 S: 8219
2021-06-07 B: 12179 S: 9490
2021-06-14 B: 14546 S: 10390
2021-06-21 B: 15307 S: 11683
2021-06-28 B: 16365 S: 12698
2021-07-05 B: 17762 S: 14167
2021-07-12 B: 21975 S: 16965
2021-07-19 B: 25894 S: 19056
2021-07-26 B: 29527 S: 21489
2021-08-02 B: 50190 S: 34670
2021-08-09 B: 70500 S: 42244
2021-08-16 B: 69722 S: 43672
2021-08-23 B: 105283 S: 64875
2021-08-30 B: 110286 S: 64271
2021-09-06 B: 94123 S: 55671
2021-09-13 B: 98383 S: 65660
2021-09-20 B: 99930 S: 70635
2021-09-27 B: 110959 S: 79972
2021-10-04 B: 109523 S: 80485
2021-10-11 B: 102664 S: 70104
2021-10-18 B: 92706 S: 66126
2021-10-25 B: 66307 S: 49795
2021-11-01 B: 65070 S: 50145
2021-11-08 B: 62705 S: 47608
2021-11-15 B: 83866 S: 65659
2021-11-22 B: 7849 S: 64374
2021-11-29 B: 88038 S: 65799
2021-12-06 B: 89892 S: 69056
2021-12-13 B: 108809 S: 80606
2021-12-20 B: 104193 S: 79341
2021-12-27 B: 128590 S: 101165
2022-01-03 B: 161487 S: 127450
2022-01-10 B: 175170 S: 133805
2022-01-17 B: 179279 S: 132186
2022-01-24 B: 176893 S: 140191
2022-01-31 B: 192226 S: 155379
2022-02-07 B: 170442 S: 141313
2022-02-14 B: 162208 S: 142100
2022-02-21 B: 171652 S: 143412
2022-02-28 B: 146543 S: 125126
2022-03-07 B: 133348 S: 114938
2022-03-14 B: 123594 S: 115383
2022-03-21 B: 130926 S: 119577
2022-03-28 B: 125889 S: 123996
2022-04-04 B: 145748 S: 136596
2022-04-11 B: 140472 S: 127389
2022-04-18 B: 142981 S: 142013
2022-04-25 B: 136104 S: 130838
2022-05-02 B: 130374 S: 124565
2022-05-09 B: 94647 S: 91298
2022-05-16 B: 28231 S: 28605
Still being lazy and waiting for someone to buy me … 🙁
Thanks for this cool video, I’m looking forward to seeing more videos about NFT.
OI, adorei o vídeo
stop propagating these lies. And stop using the word "owner". You don't own anything. These are just scams.
HELLO, I'M A NEWBIE IN CRYPT0😞 AND I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN…I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED… CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?
I'm here to try to understand NFT's from a microeconomic perspective.
I see the future potential of NFT's as a technology – if and when they are used as tokens of ownerships of rivalrous or excludable goods.
I'm still to be convinced however, that currently existing NFT's can justifiably have a price from a microeconomic perspective. They are all, to my understanding non-rivalrous and non-excludable, and as such public goods.
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Yet to seen many translations going with 👆🏿☝🏾👆🏿 you are so amazing
This is dumb, nfts are an example that only few will be successful while others find out about them only to gain nothing from them.
<<*Despite the economic crisis, this is still a good time to invest in Crypto and Gold*
The market is unregulated so you own something doesn't mean anything.
One of the worst most boring vanilla videos on NTFs I've seen to date.
Still haven't got a scobby what an NFT is!!