NFTs Explained: The REAL Reason Why People Buy JPEGs

Why are people spending so much money on NFTs, and are they really just JPEGs? In this video, we'll cover:
1. What is an NFT, and are they just JPEGs?
2. Top 4 Reasons why people buy NFTs

NFT stands for Non-Fungible Token, which represents a unique digital asset on a blockchain, such as Ethereum. These tokens can be used to verify ownership and authenticity of digital items such as artwork, music, and collectibles.

NFTs mentioned:

Links:

Timestamps:
00:00 Intro
00:20 NFT vs JPEG
00:57 Reason 1
01:21 Reason 2
01:50 Reason 3
02:40 Reason 4
03:00 Outro

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[teakcore]

For collectibles & art so far they are an incredible way to make secure and legitimate transactions! This will permeate to other areas and sectors.

[arjunkumargupta]

Good project I like your project thank you so

[VikTortor]

LOL it litelarly saying anyone can save your nft 10 seconds later it saying "noone can duplicate it" this vid is full of contradictions

[ehanneken]

NFTs could be useful, but it’s odd to see so many people using them to establish ownership of something inherently non-scarce, like a JPEG (which can be copied infinitely at almost zero cost, and which many people can view simultaneously without interfering with one another). It would make more sense to make NFTs out of real estate or auto titles.