Nfts are not just JPGs #Shorts

The contract and how creators and artists and entrepreneurs use that contract is a huge variable most don’t take about. if you as a creator focus on bringing value to the audience that buys the NFT and focus on always adding value to the “contract” even years down the line .. that’s where these get special. #shorts #Nft #Nfts #blockchain
—
Thanks for watching!
Check out another series on my channel:
—
Gary Vaynerchuk is one of the world’s leading marketing experts, a New York Times bestselling author, and the chairman of VaynerX, a modern-day communications company and the active CEO of VaynerMedia, a contemporary global creative and media agency built to drive business outcomes for their partners. He is a highly popular public speaker, and a prolific investor with investments in companies such as Facebook, Twitter, Tumblr, Venmo, Coinbase, Slack, and Uber. Gary is a board/advisory member of Bojangles’ Restaurants, MikMak, Pencils of Promise, and is a longtime Well Member of Charity: Water. He’s also an avid sports card investor and collector. He lives in New York City.

[michellejones]

NFTs are essentially paying for a receipt.

[sehfisch]

the moment when you realize that you could already sell paint buckets before NFT's were a thing 🤯🤯🤯

[mralpha]

Fun fact: You can copyright NFTs regardless of whether or not you own it.

[insanedrummer]

2 things.
1. NFTs have a copywrite problem if they want to be really taken seriously.
2. Its sus how much Gary starts talking about nfts before and after his project Veefriends. Hmmm

[aaronsmith]

😂😂😂 This NFT craze cracks me up. If there was ever a sign we were in a bubble…. These are worthless because there will clearly be an oversupply of NFTs. Makes no sense, but I guess I’m just “not with the times” and “unable to adapt”.

[MaxMakerChannel]

You could do the same thing without the block chain as well.

[bazza]

When an NFT becomes a legally binding contract enforced by a court, I’ll believe Gary Vee’s bullshit😂

[dunkinggg]

This man is trying so hard to explain why nfts are important its funny 😂

[Nick-mdfx]

They want this nft thing to take off so badly….. literally rebranding digital pictures.

[Noise-Bomb]

Well it's basically the money laundering aspect of the real art world combined with a very simple get rich quick scheme. Stellar combo...

[LPdeltaT]

I feel this generation never read "the emperor's new clothes" finally when a child shouts "the emperor has no clothes" and everyone laughs these will be go to zero....

[rainplays]

Ur right, their not. Nfts are only links, the photos not in the blockchain. Legally you own the link not the photo

[espy...]

No different than a handwritten contract..

[lammybowers]

There's literally nothing stopping people from making contracts like that already

[iamonlymeme]

Where's the paint buckets used in digital art? Do they get the computer or tablet it's created on???

[randomness]

I feel extremely “motivated” by Gary Vee from the honest wine shop, lemonade stall, garage sales, working your ass off, sports cards to “revolutionary”, “futuristic” and “game-changing” NFTs. I admire how he missed out on Tesla, Microsoft, Apple or other big tech booms and now wants to “appear intelligent” by getting early into the “game” which has little to no value to entire the world, except for a very small percentage of nerds and geeks who are living virtual lives. Lol

[karlmarx]

You can spend on an nft and say oh i have a asset but until someone else places that same value on it its really just a jpeg, you cant convince me that nfts hold intrinsic value equal to their ridiculous prices

[FluffyBuritoz]

While NFT’s do and will have a real world use. Most of their usage today is a cash grab

[Real_Lion_Slayer]

So can someone help me understand this. Since there is an infinite amount of NFTs, doesn't that make them worthless? Wouldn't it just be worth what people are willing to pay for it?

[Matt-skhi]

Nfts aren't jpg's you don't get the image itself. The image is hosted on a website somewhere else. You just get a code that says you are the "owner". Also you can own the code for an image and have the image no longer be hosted by the website effectively making your nft the literal code and nothing else. People who support net's have literally no idea how they work and it shows