NFT Mania - Hype Or A New Paradigm? CryptoPunks, BAYC, Generative Art, Loot Explained

NFTs are clearly one of the hottest topics in crypto at the moment. CryptoPunks, Autoglyphs, Bored Apes, Pudgy Penguins - some of them selling for hundreds of thousands or even millions of dollars.

So are NFTs just a hype or a paradigm change? What are some of the most interesting NFTs out there? And what are the biggest challenges of this new space? You’ll find answers to these questions in this video.

Let’s start with a quick recap of what NFTs are in the first place.

An NFT or a Non-Fungible Token is a way of representing ownership in the digital world.

Since the dawn of our civilization, humans have been collecting rare items. From seashells and gems to coins, post stamps and Pokemon cards. NFTs are just digital versions of that.

Collectibles, pieces of art, game items, domain names and even complex bespoke financial instruments - all of these can be represented as NFTs.

In contrast to cryptocurrencies like Bitcoin or Ether where each unit is interchangeable, NFTs are unique - at least in most cases. The creator of an NFT project can decide on the exact parameters of their NFTs.

Some of the common examples are:
-only 1 NFT per unique piece of art - artists that create individual pieces like Beeple follow this approach,
-a collection where each item has a unique combination of different traits - CryptoPunks, Bored Apes
-a collection where there is a set number of the same item in the collection - usually used for card collectibles like My Curio Cards.

-----Timestamps-----
00:00 - Intro
00:37 - What are NFTs?
02:40 - CryptoPunks
04:42 - The PFP Mania
07:31 - Generative Art
09:47 - Other NFTs
11:34 - Challenges
14:21 - Summary (Loot)

[Finematics]

❓ What do you think about the NFT mania? Comment down below
👍 Hit the like button if you enjoyed this video

[theokaenzig]

your videos are art. you should make nft‘s out of them 🌅

[jenniebui]

NFT is very popular in my Country today. To the point that middle class earner cant afford the investment me here waiting for the new NFT game. Will be waiting for BSCS token

[basitkhaliquebasitkhalique]

This is by far the best material I have seen on NFTs. It is a treat to watch this and learn!

[fcdion]

Finematics makes the complex clear every time and this one on NFTs is no exception. Well Done !

[sbanerjee]

This is the by far the best material I have seen on NFTs. It is a treat to watch this and learn!

[adedejijubril]

PartyBid is also a protocol in the fractional NFT space. Minting of NFTs can also be done in L2 like Polygon.

Mirror is a publishing protocol like Medium that allows you to sell your Essay or blog post as an NFT. It's gaining traction among the Cryptoverse community. Very cool project.

This is a great explainer

[maureenriggs]

Brilliant! Your NFT type presentation is fabulous. The best learning material ever. Thank you.

[Freedexplore]

Very solid video! You just forgot to talk about NFT Photography that is going wild nowadays ^^

[keyone]

Salute to quality of ur work!
I joint when it was less than 2k subscribers only few months ago

[thenftcritique]

Awesome video, you videography is an art form, we are developing an AI for NFT price prediction and was wondering whether we could have it read you video's comments as part of the data mining?

[cryptomadness]

Very informative. Looking forward to NFTs minted on the Cardano Network. I own a few of The Adapunks.

[DiegoTeliz]

I think the clear missing part of NFTs at the moment is the ability to show them off. People who buy these type of tokens will like to show them to the world at some point, but for now, it doesn't seem to be many options, other than PFP, which ultimately is a very manual process.
In the future, if social networks, games and other platforms integrate or allow users to "link" or somehow show-off their NFTs... then things will blow out for sure.

[rishabh]

From an inside perspective, I'm very very impressed at how you've explained everything, You clearly haven't used the generic copy paste, Ponzi narrative. Good stuff

[DGladiator]

Super solid overview and explanations. It's always a pleasure to watch your videos. Keep rocking my friend! Best, Ben

[rowanhorton]

Best team dev, good development orientation, clear roadmap, i like it from BSCS

[RanduxSA]

Rich people games. Great, informative video as always.

[doncollymore]

Great explanation on NFTs. Thank you for breaking it down for newbies such as myself!

[Enzwurm]

Great video again. Still i find the audio a bit inconvenient to listen to. Maybe the settings of the microphone?

[robertperez]

Another informative video! Thank you for explaining this space in such a clear way!

Also, love the Curio Cards shout out!