NFTs, Blockchain and Crypto. Explained

Check out Hajime Kinoko’s first NFT “Samsara” in partnership with RPM: Drops MAY 23rd 9:30AM PST, in 46 hours. (Depending on when you’re reading this.)

I had been meaning to talk about crypto and blockchain for a while now, and with the recent hype around NFTs, seemed like the perfect time. This video of course is not meant to be investment advice.

While this video was sponsored by RPM, they had no influence over the script.

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  1. What I've Learned

    CORRECTION: The Kinoko NFT drops May 23rd 9:30AM PST, in 46 hours. (Depending on when you're reading this.)

    Guys, beware of scammers in the comments talking about where to buy bitcoin or who to send a message to (usually whatsapp) for bitcoin or something like that. A recent trend is people making accounts with the same name as the video creator with the same icon. I think it'll be pretty obvious if someone is impersonating me, but just pay attention to whether there's a check mark next to the name or not. (Mine will have it, scammer won't)

  2. daniel rimando

    Hello! would it be possible to put subtitles to this video? Im a hearing challenged person. Many thanks!

  3. still doesnt explain why owning anything currently on the blockchain as an NFT matters. the nyan cat gif for example, who cares who owns it? why does it matter? if I want to use the gif, ill just do so.

  4. eaturfeet653

    My issue with NFT ownership is that most of the artwork and historical clips being sold are not original or unique. I don’t care about that for “hipster’s sake”. I care because they serve no utility to the owner if a digital copy exists. The digital copy in the hands of the creator can still generate revenue (think of the NBA clips, the owner doesn’t gain royalty rights of that clip when they own the NFT). The copy in the hands of the public I not the same as owning a poster of the Mona Lisa, because the digital art work copy could be identical to the NFT (save for unique hash for ownership).

    That being said I think people are innovating in the space, the purchase of digital real estate, or horses in a racing game are clever applications of a tool.

    This was a great piece on NFTs and crypto technology. Thank you for your efforts and commitment to spreading well researched information on a variety of topics

  5. Daniel Uusitalo

    Would love to get your take on saunas. Thank you for all the amazing content!

  6. Adam Riekert

    Fyi, blockchain uses a TON of energy. Contributing to climate change <<< accepting centralized ledgers

  7. Super Explainer

    Sapiens by Yuval Noah Harrari changed my life

  8. I've already done at the 'ownership' part. Egoism of human at its finest. Couldn't be more meaningless than this.

  9. Utterly ill concept from that divvy book 'Sapiens'. Let me tell you just how long and how much skill it takes to create just one flint spear arrow head head, let alone a skinning tool, a carving tool, etc etc and you're saying they wouldn't have wanted to use them time again, so the thought "where's that thing i use? (Not in English obviously)' is obviously some several thousands of years away is it? Get real man.

  10. What a great video.
    Just wrapped all up in a meaningful logical way.
    Thank you!

  11. Veronica Aguero

    This content is great, I loved it! Have you thought about creating your own coin on MintMe to monetize your talent? You should try it.

  12. Man I love your channel

  13. Katalina Kate

    𝒟𝑜 𝓎𝑜𝓊 𝓀𝓃𝑜𝓌 𝓎𝑜𝓊 𝒸𝒶𝓃 𝓂𝒾𝓃𝑒 𝟣 𝐸𝓉𝒽𝑒𝓇𝑒𝓊𝓂 𝓌𝒾𝓉𝒽 𝟧 𝓇𝒶𝓏𝑒𝓇 𝑔𝑜𝓁𝒹 𝒸𝒶𝓇𝒹?..𝐻𝑀𝒰 𝑜𝓃 𝓉𝑒𝓁𝑒𝑔𝓇𝒶𝓂 𝑜𝓇 𝒯𝓌𝒾𝓉𝓉𝑒𝓇 @ 𝒮𝒩𝐸𝒜𝒦𝒪𝒰𝒯𝒞𝐿𝒪𝒰𝒟 𝑜𝓇 𝒲𝒽𝓉𝓈𝒜𝓅𝓅 +𝟣.𝟤𝟣𝟢.𝟪𝟣𝟩.𝟨𝟫𝟫𝟦 𝒻𝑜𝓇 𝑒𝓃𝓆𝓊𝒾𝓇𝒾𝑒𝓈

  14. Katalina Kate

    𝒟𝑜 𝓎𝑜𝓊 𝓀𝓃𝑜𝓌 𝓎𝑜𝓊 𝒸𝒶𝓃 𝓂𝒾𝓃𝑒 𝟣 𝐸𝓉𝒽𝑒𝓇𝑒𝓊𝓂 𝓌𝒾𝓉𝒽 𝟧 𝓇𝒶𝓏𝑒𝓇 𝑔𝑜𝓁𝒹 𝒸𝒶𝓇𝒹?..𝐻𝑀𝒰 𝑜𝓃 𝓉𝑒𝓁𝑒𝑔𝓇𝒶𝓂 𝑜𝓇 𝒯𝓌𝒾𝓉𝓉𝑒𝓇 @ 𝒮𝒩𝐸𝒜𝒦𝒪𝒰𝒯𝒞𝐿𝒪𝒰𝒟 𝑜𝓇 𝒲𝒽𝓉𝓈𝒜𝓅𝓅 +𝟣.𝟤𝟣𝟢.𝟪𝟣𝟩.𝟨𝟫𝟫𝟦 𝒻𝑜𝓇 𝑒𝓃𝓆𝓊𝒾𝓇𝒾𝑒𝓈

  15. Katalina Kate

    𝒟𝑜 𝓎𝑜𝓊 𝓀𝓃𝑜𝓌 𝓎𝑜𝓊 𝒸𝒶𝓃 𝓂𝒾𝓃𝑒 𝟣 𝐸𝓉𝒽𝑒𝓇𝑒𝓊𝓂 𝓌𝒾𝓉𝒽 𝟧 𝓇𝒶𝓏𝑒𝓇 𝑔𝑜𝓁𝒹 𝒸𝒶𝓇𝒹?..𝐻𝑀𝒰 𝑜𝓃 𝓉𝑒𝓁𝑒𝑔𝓇𝒶𝓂 𝑜𝓇 𝒯𝓌𝒾𝓉𝓉𝑒𝓇 @ 𝒮𝒩𝐸𝒜𝒦𝒪𝒰𝒯𝒞𝐿𝒪𝒰𝒟 𝑜𝓇 𝒲𝒽𝓉𝓈𝒜𝓅𝓅 +𝟣.𝟤𝟣𝟢.𝟪𝟣𝟩.𝟨𝟫𝟫𝟦 𝒻𝑜𝓇 𝑒𝓃𝓆𝓊𝒾𝓇𝒾𝑒𝓈

  16. Stef Diaz Diaz

    "foodlike substance" yummy

  17. You own your stuff and your stuff owns you. So true…

  18. 1 correction. You are allowed to use Black Lotus in Magic. Look up Vintage. It's a format that allows cards like Black Lotus to be played.

  19. Sounds to me like NFTs are only worth what people value them. And if I wanna have a gif of nyan cat, I just download one from the internet.What do I care about who it really belongs to if I can have the same experience for free?
    Seems like a new kind of stocks with a JPG or something attached. More for people who have an emotional reason for buying NFTs or for speculating.
    And until these things are at least close to Carbon Neutral, I don't really like then

  20. I’ve never seen crypto and NFTs explained so understandably. This video is an accomplishment

  21. Do an episode on overfishing, seems to be popping up a lot and could have a bigger impact than that "meat is killing the environment" crap.

  22. countdooku75

    gamestop digital NFT marketplace buying and selling used digital games. Thank me later 😉

  23. Bill Preston

    A video "explaining" these topics, yet not a single word uttered about the environmental cost. On top of that, promotes NFTs. Yikes.

  24. Nicholas Robins

    I was surprised you didn't use the Simpson episode where Bart buys the animated cel showing Scratchy's arm.

  25. nothing is impossible

  26. I still don't understand how you can own a gif. Like who are you actually buying the gif from? How would you verify they are the legitimate holders or creators of the original gif? Does the person who converted the images to the gif have the rights to sell it as an NFT or do the rights belong to the basketball player in the gif?

  27. you should mirror your channel to LBRY.. its just a one time procedure. and you earn crypto money, more than on youtube. also its censorship resistant

  28. One thing I still don't understand is who OWNS the artwork? So if I sell some of my art, can I then use them to make prints out of and sell on another site like ebay? Or am I forbidden by law (I don't know who's law this would possibly be and who would enforce it) from making any money from it starting the day someone buys it?

  29. Lloyd Torres

    Hi may we request for a video about steaming face? And Sauna? How does it help our body and skin?

  30. That was a great introduction to NFTs and the technology behind them.

    What I'm missing though is how legally binding an NFT ownership is. Does it mean anything yet to have your ownership recorded in the Blockchain? Especially when owning a tweet. Can I now change or delete that tweet? How is it different from just buying the rights to something with normal money and a contract or so?

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