@kennywesley
This is probably the most comprehensive and understandable breakdown I've seen. I still don't personally understand why somebody would want to own one of these...
@jackspooky3103
I was hoping for a decent and unbiased explanation, yet I was met with some infomercial on why I should quit my job and start making cat doodles for my retirement fund. We're doomed as a species.
@GodzillaGoesGaga
Here's an issue I see with digital art. If you compress it and then re-expand it you might loose quality but you'll also destroy the NFT. Assuming the metadata is destroyed. You could take a photo od a screenshot and the NFT wouldn't be present. So forgeries can be made easily.
@aayanalix7660
Respect to you man, how you are literally answering everyone's comment down there.
@PieceOfThePieWithTy
Great Breakdown!! I'm Taking Notes 📝 😅
@blitzblix9455
damm mark is a really good friend Edit: bruh wtf is up with the replies
@IzludeTingel
in short, for the collector. that's literally all it is. social status. on the level of having a picture file on your hard drive, NFT is useless. in the case of having a one of a kind item in a video game or MMO, then it seems to be the best case scenario. no one in their right mind would care to own a gift that exists all over the web already. millionaires don't count, they aren't real people.
@schmietwechdeschiet4340
You pay for ownership of your own art. Lmao okay.
@KADALA_ABDUL
Unique digital signature .... & best way to explain nfts
@virtuelee8898
This is totally the most understandable and comprehensive platform I have seen, NFTs is simple to comprehend.
@user-pkjha
It sounds so fascinating yet so incredulous.
@ameethkumarvj
Answer is option B). Unique digital Signature makes the item non fungible. This is so because with the help of NFT's we can prove the ownership of the item. Loving your content. !!!!
@tubulartom666
Thanks this really helps explain what they are. I still don’t understand any real situation why a person would buy an NFT of digital art if you could just see a free copy online, but this video answers the what not that why so thanks!
@shekhars6014
Art meeting finance...interesting n exciting concept 👍
@victorwilliam5260
Crypto growth is absolutely the craziest I've ve ever witnessed! I have always hoped to invest in crypto fore one day but the thought of doing so without enough knowledge of the Bitcoin market makes the whole thing less attractive can't afford to lose any money in this pandemic period
@lon6boardlord
So let me get this straight. It's a virtual patent with no legal protection other than it's authenticity based on computer code or whatever and the only value it has is what other people see in it?
@brandonrhody7209
So it’s just like owning something in real life, but it’s all on the computer....you just can’t touch it or hang it up....sounds pointless to me. I’ll stick to tangible things thank you.
@TheJayco14
Answer: B! And thank you so much for the video! My sister is an artist and I'm excited for her
@karma1823
Let's appreciate this quality video
@SimplilearnOfficial