This Art Is Sold For 5000 Crores | What Is NFT?! | Explained In Hindi |


NFT stands for non-fungible token, that means anything that is irreplaceable. For example, Red Fort. one cannot replace Red fort with something else Because it is a unique and one-of-a-kind asset. Crypto Punks, Crypto Kitties, NBA Top Shot, Nyan Cat GIF etc, are on trending in the NFT crypto market.

NFT is a way to sell artwork using blockchain. But it does not work like a Bitcoin. Bitcoin is fungible token, i.e. one can replace a bitcoin with another bitcoin.

NFT is like the registration of ownership of a digital object on a Ethereum blockchain, a digital ledger that records all transactions from the time they were created to the time they last exchanged. It is a new method of buying and selling art and other media in a digital mode.

In recent weeks, some NFTs (non-fungible tokens) have sold for hundreds of thousands of dollars. One such trade has taken place between Beeple and Vignesh Sundaresan. The deal is worth more than $69 million at an auction.

Beeple, an American digital artist, sold his digital collage having 5000 pictures, titled “Everydays: The First 5,000 Days” to the Indian origin, Vignesh Sundaresan.

Another such trade with NFT is Twitter co-founder, JackDorsey’s first-ever tweet. It received the bid worth $2.5 million when it went for sale.

Chris Torres sold an animated Gif of Nyan Cat for $561,000. Now he is about to launch an event called “Memeconomy” to sell his other memes “Keyboard cat” and “Bad Luck Brian” via auction with NFT(Non-fungible Token).

Want to know more about NFTs (Non Fungible Tokens)?

Let’s watch :

0:27 – NFTs That Have Been Sold
0:59 – What is NFT?
1:56 – Offline Vs Online Auction (NFT)
3:47 – How NFT works?
4:42 – Is NFT in Bubble?
5:40 – Platforms to buy and sell NFTs
6:29 – Pros and Cons of NFTs
8:53 – Is it a good investment tool?
9:41 – What will be the future of NFT?

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Responses (26)

  1. Hey, we just got some Classy look for you, Don't forget to check out our Dope Merchandise
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  2. Agar muze apna art bechna hai to sahi tarika kya hai? Clearly batao, confuse mat Karo.yaa first aisa video hi mat banao.

  3. mera 1month se bhi jjyada hoaay aur abhi tk bhi nft sell nhi kya kru kaha mistake ho rahi batao

  4. Majnu bhai agar nft bnake sell kre aj bhi million dollar chaap skte hain 😂😍

  5. plz, pronounce Mr. Natwarlaal not only Natwarlaal. The man with more IQ than einstein should be respected. Plz, do not represent him as a bad man in any of your videos. I truly like your content.

  6. Good knowledge given . 👍👍

  7. Brother i have some doubts ,agar maine kisi ki art ki image save karke usko Mai apne account par sell laga du to ???

  8. bhai agar mene kuch sketch kiya hai pencil se to usko nft kaise banaye ?? uski photo click karke ya aur kuch ??

  9. Amazing content. Accommodated each n everything about NFT 👌👌

  10. Nft's future= Meta verse

  11. What kind of investment is this.ppl have more money and they don't know what to do, hence creating this kind of meaningless ideas. No person will invest in this who earns legally.

  12. Apko kisne bataya ki crypto ke wajah se climate change ho raha hai, Please do research and do not believe what everyone saying.

  13. Great knowledge thanks 😊👍👍

  14. i want convey shirt

  15. Sir, nft me apna art creat kaise kare

  16. Agar mai apne wallet se kisi dusare person k wallet me cryptocurrency bhejna chahu to ye legal h ya nhi ?
    Itr me ise bhi dikhana padega?

  17. Well done sir 👌👌👍👍

  18. Video on Meta verse plzz

  19. I am still trying to understand how this thing has crredentials to become a financial tool…..

  20. Majano Bhai Ki Painting Ki Beeding karo yar

  21. Sir…. I am fan of ur video's , you come always with new informative video and the way you present the information is highly impactful

  22. Bhai prasad ka channel , sabse best hai investment par…👍👍