Therefore, a lot of NFT specific channels have a slightly lower following because of a narrowed-down topic.
In short, cut the hype and get straight to the facts!
Consistency of Uploads is Priceless
A major problem I found with NFT videos is the rarity and inconsistent uploads among a few big names.
If you’re solely looking for NFT content, you should ideally go for a channel that has regular videos and content about NFTs.
Blindly Following the Guides is Dangerous
With NFTs, you’re dealing with your hard-earned money and savings.
So, you shouldn’t pour it just because someone tells you to buy an image of a potato for $1.50, as it might get popular down the road.
Trusting your own gut over someone else’s is always better.
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NFTs can have only one owner at a time, and their use of blockchain technology makes it easy to verify ownership and transfer tokens between owners. The creator can also store specific information in an NFT’s metadata. For instance, artists can sign their artwork by including their signature in the file.
What Are NFTs Used For?
Blockchain technology and NFTs afford artists and content creators a unique opportunity to monetize their wares.
For example, artists no longer have to rely on galleries or auction houses to sell their art. Instead, the artist can sell it directly to the consumer as an NFT, which also lets them keep more of the profits. In addition, artists can program in royalties so they’ll receive a percentage of sales whenever their art is sold to a new owner.
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NFTs in hopes that they will be worth more later. People acquire art NFTs because they believe they will increase in value.
Are NFTs Good Investments?
Absolutely. Investing in NFTs is a great way to make money. But like any other investment, it has its share of risks as well.
Here’s a guide on how to make money with NFTs.
It is crucial to remember that the exclusive digital asset commands a price only based on its demand.
One collector may find a particular NFT worthy of millions while another may not.
Their value isn’t determined or influenced by any economic indicators, making it a risky investment.
An investor stands to lose some or all their money if their resale value is low or no one is willing to buy their NFT.
Usually, investing in NFTs is a more personal decision rather than a financial one.
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The NFT Podcast – Lengthy Discussions About NFTs
The NFT Podcast covers different aspects of NFTs and the current happenings in a podcast format.
The host Francesco Vincenti is a great presenter who invites several well-known NFT artists to the podcast and covers their journey.
The videos are highly educational and entertaining to watch.
In fact, you can gain a decent amount of knowledge about NFTs by listening to them.
The NFT Podcast was launched in March 2021 and it’s a new channel.
Although it’s not one of the most popular channels, you will definitely find their videos helpful.
What Makes Francesco a Good Presenter?
Francesco is a great individual with decent knowledge of NFTs.
His ability to ask the right questions that viewers may have and keeping the podcast engaging and entertaining makes him great.
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They then use this information to steal the wallet’s content including NFTs.
In February 2022, hackers launched a phishing scheme and stole more than $1.7 million dollars worth of NFTs from users on OpenSea, one of the biggest NFT marketplaces. Earlier that year, New York art collector and gallerist Todd Kramer claimed hackers stole more than $2 million worth of his NFTs.
And high-profile scams like these could theoretically help kill the hype behind NFTs and thereby their value. In fact, daily average sales of NFTs dropped by 92% during the week of May 2, 2022 compared to its high in September, according to data site NonFungible.
In any case, you should carefully vet any NFTs you’re purchasing.
From crypto enthusiasts on social media to celebrities like Paris Hilton and Snoop Dogg, everyone seems to be talking about NFTs, or non-fungible tokens. And it’s not surprising. Digital art NFT collections like the Bored Ape Yacht Club and CryptoPunks have sold for millions of dollars. And while the volatile NFT market has seen major dips, the big NFT marketplace OpenSea still has more than 1 million users.
But before you jump into the virtual Wild West of NFTs, you should know exactly what you’re getting into.
What is a Non-Fungible Token (NFT)?
A Non-Fungible Token, or NFT, is a digital contract representing ownership of digital media like art, music, videos, memes and even real-world objects like designer sneakers and real estate. Non-fungible basically means unique.
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Each NFT token is unique.
And why are investors putting money into NFTs?
NFT or non-fungible tokens refer to unique assets, like an irreplaceable doge meme or an autographed tweet.
NFTs could be anything from an art piece, domain name, a tweet, music piece, a trading card or just about any digital good that has a value attached to it.
For example, the first tweet from Jack Dorsey, the Founder of Twitter, is an NFT.
And it sold for 2.9 Million Dollars as an NFT! (Source)
just setting up my twttr
— jack⚡️ (@jack) March 21, 2006
Their value lies in their exclusivity.
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This is an attractive feature as artists generally do not receive future proceeds after their art is first sold.
Art isn’t the only way to make money with NFTs. Brands like Charmin and Taco Bell have auctioned off themed NFT art to raise funds for charity. Charmin dubbed its offering “NFTP” (non-fungible toilet paper), and Taco Bell’s NFT art sold out in minutes, with the highest bids coming in at 1.5 wrapped ether (WETH)—equal to $3,723.83 at time of writing.
Nyan Cat, a 2011-era GIF of a cat with a pop-tart body, sold for nearly $600,000 in February.
And NBA Top Shot generated more than $500 million in sales as of late March.
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NFTs are different. Each has a digital signature that makes it impossible for NFTs to be exchanged for or equal to one another (hence, non-fungible). One NBA Top Shot clip, for example, is not equal to EVERYDAYS simply because they’re both NFTs.
(One NBA Top Shot clip isn’t even necessarily equal to another NBA Top Shot clip, for that matter.)
Best Crypto Exchanges 2022
We’ve combed through the leading exchange offerings, and reams of data, to determine the best crypto exchanges.
How Does an NFT Work?
NFTs exist on a blockchain, which is a distributed public ledger that records transactions.
Besides, you should only watch NFT videos for educational purposes and not as a piece of financial advice.
You get the idea, right? Now…
Listen to Multiple Opinions & Choose your Own Path
A good way to confirm the authenticity of some news is by following multiple sources.
After all, you won’t reinvent the wheel or make mistakes that others might make.
That’s all for the considerations, let’s get on to the list!
5 Best NFT YouTube Channels you Can Learn from
1. NFT Times – Tips to Learn the Basics of Buying, Selling & Marketing NFTs
Starting the list with one of the best NFT YouTube channels, NFT Times is a great source for learning the basics.
If you’re an absolute beginner, you will love the channel.