Is an NFT Worth $69 Million? Today’s Art Market Thinks So | Niche Markets | WSJ

Non-fungible tokens, or NFTs, have gone in the last year from a relatively obscure blockchain technology to a market valued at around $44 billion. WSJ explores how NFTs are transforming the art market and tells the story of who is behind the buzz. Photo illustration: Alexander Hotz/WSJ

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  1. God bless you MR Potterst0cks! If trading was easy then everyone would be doing it. I feel shortchanged having also spent a lot on trading courses and materials without tangible results, it just seems everyone wants to sell their course. Thanks to you, I'll be adopting a more practical approach…

  2. Apparently (and obviously), it was a marketing tactic to hype the art and the artist. The plan was to launch a crypto currency with this art as the backing asset. That's all I can recall.

  3. This video is full of misinformation or lacking of crucial information, about NFTs (what is that token, where is that token saved and what does it mean. Can it be destroyed?), how and why NFTs are represented by a picture – and how those two connect , or in better words not connect.
    6:08 "Artists getting a cut of resales" … which might be the case in the this particular instance but is not true in general.
    1:38: "if you want proove that you own a thing a nft is one way" … well you own the token… some numbers in a database that everyone can look into… but you do not own automatically the thing which is represented by it… which are pictures… pictures who somebody created and this person most likely hast the right for that picture, not you because you bought a nft.

    Somebody could create a blockchain and mint some NFTs go to wall street journal, make pictures of everyone that works there, and sell the picture of their faces as NFT. what does the creator own then? The token? the pictures? the people on this pictures? what does the buyer own?

    You could have also mentioned the huge scams all over the place with NFTs, why they are happening, how they can happen, and how easy it is they got hyped up by influencers, who get a cut, and then the whole thing gets rug pulled.

  4. This a such a scam. Producing a digital cartoon and getting $750k for it just sounds ridiculous. Like when things like this happen you know it’s all a bubble and fraudulent. Someone will be left with that hot potato when the music stops. And music always stops


  6. I'd pay $500 for the best legendary characters in a video game over an NFT supposedly worth $50000 or $5M. Then again, 99.99% of the population would never spend $500 on a video game. There's always a fool out there, but at least I know I get hours and hours of playing time and fun from the video game. An NFT, what do I do? Stare at it like an idiot?

  7. It's not even proof of ownership. Someone could make and NFT of some else's art. It's also not clear how these invisible tokens improve the quality of art. People who buy these are clowns 🤡

  8. Wonderful lessons for new trader like myself. Great details and modeling. Some persons will definitely be kicking themselves in regret for missing the opportunity to invest in crypto. Crypto is pretty much a genius Idea no more printing of money💰

  9. Thanks for the video, I am wondering how the recent ETH price drop will affect the overall NFT market? I am planning on Buying a Meta Triad NFT once it drops in Feb. Any thoughts on how they will do?

  10. NFTs are nothing more then combination of a casino plus some rich people trying to make NFTs and crypto more known, so that even more people buy them and they make even more money on something that doesn’t actually have any worth to it. Fun fact: when you buy an NFT you don’t actually buy that image. Just buy buy an URL to an image (NFTs cannot store enough data for a full imagine, so they only store a link). If the owner of the server where the image is hosted decides to shutdown the server – then your image is also gone. And if the server owner decides to change the image that’s behind the URL, then you suddenly have an NFT that links to a completely different image ^^ I mean… from all the scams people imagined in recent decades… this one is indeed one of the most insane ones…
    Of course you can still choose to spend money on NFTs and cryptocurrencies. Just be aware it’s like gambling and your money might get lost any time. And watch

  11. No one will stop you from reselling NFTs physically such as in cards form, but the only place you can't sell them is online because the current sites block you from doing so. *That is until sites come along that DOES allow you to sell copied and modified NFTs, then the whole scarcity and value of NFTs tanks and we forget the whole thing. Which will be great for the environment.

  12. Great Stuff. I started watching your videos last year as a beginner before giving STOCK and CRYPTO a trial. I was able to make $972,000 within 3 Months with a capital of $200,000 with the help of BLAINE PHILLIPS JR. I learned a lot about buying when there is fear in the market . I use to get shaken out and panic sell but now I buy more when I see the low prices

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