Well , now you are seeing two 500 greenbacks in my hand and I am depicting you this for a purpose. Why am I evidencing you this? Let me talk to you about it. Exactly anticipate, I have two memoranda, precisely a 500 memo would be in your pocket, so the note that I have and the indicate “youve had”, is of the same value. Right, we can replace it and We can interchange it among ourselves. You give me your memo, I cause my observe to you. It is not matter because the value is the same. But take an example here. Suppose I have Ram on one side and Shyam on one side. I give one-note to Ram and I hold another tone to Shyam.Now they both have 500 and the government has equal money.Now Ram says to Shyam that gives people your mention, do the exchange, it does not matter. He also has 500 and he also has 500 and Ram tells me that Sir you are giving me 500. I would like a spare, Please sign on this note and give it to me. If Ram says this to me, then I have to sign. Why am I signing in front of you? I will tell you about it. Now repute I ratified now on this note. So I settled a sign here in front of you and I put today’s date here, then I have signed a mentioned here and I have situated a year in front of you. Today’s time has been put on this note and that more I declared that I have signed with dark-green ink.So it is a unique color. Now you have this note and I returned the present note to Shyam, Now Shyam speaks to ram that brother do one thing and give me this signed note. Ram said here today that I is not able to hand it is now time. Shyam says take my five hundred notation and exchange it. Ram says that no, I can no longer exchange. Now your observe is the same as the rest of the notes. It is fungible. But this note is non-fungible. There is not a single notation in the whole world like this. This is merely one record which has been signed in front of the audience and that very with green color and it is with me then I will not give it to you. And I will sell the present note for 5000. Its price has increased. Ram said that.Now Shyam said that both are the same but here why it becomes non-fungible, do you are familiar with. Because there was such a thing in it that it increased its appreciate. You can do this with anything. you can add value to anything. Suppose you have a phone and you have an Apple phone and I also have an Apple phone. But suppose the data in your telephone, you do something new with that. you get gold plating in it, then whatever is your phone, it will become non-fungible, there is not a single phone in the world. Now, this is the concept of non-fungible, I keep these notes in my pocket because I will explain to you what Ram is going to do with non-fungible concepts. Ram says whatever I have in Today’s year, it became very my non-fungible asset and I fasten the token with it.Now, I am interpreting what the clue is. NF is non-fungible, I tell you what a sign is. Then this will become NFT. This NFT concept is based on blockchain technology, that is Ethereum Blockchain. Now this blockchain technology. This means Secure. You understand that all the enterings are being done. He says that I will articulate photos of this note on the internet and I will make this into a token that I have an NFT, Anyone who wants to buy it can buy it. Similarly, Ram says that not only will I do this, I also constitutes a graphic designer. I will make a graphic. I will make a GIF. I’ll make a jpg, I will upload an image, or I will settle a video. He can say anything and I will tell them that it is non-fungible, because GIFs like this are not there in the whole world.I have made this. This is my NFT. Now where T is coming from, how this is Becoming token. This is Becoming token Because the blocking technology is added here. Now the concept of NFT here says that we will give additional benefits to the creator. What benefits will it give? You can sell your NFT to anyone here. If someone came out and bought something, you will get this coin. But suppose that this buyer will sell this to as countless parties the next time, Suppose he sells it to ABC, Then the next time ABC sells to XYZ, how many times it will sell, that many times the founder will get a royalty of 10 %. Now you understand what he wants to say. The abstraction is that as many times it will sell, That same thing he will get a royalty of ten% time and again. Similarly, a Beeple called person has sold digital artwork for 69 million that is 500 crores.Now he is calling this digital artwork as NFT. Now a person called Vignesh, who is of Indian origin, bought it and bought it here in fact. Now when he will sell it to someone ABC person, then 10% royalty will go to the one who induced it. Once if make, Beeple. Once the creator is registered and he are expected to continue to get Royalty whenever it is sold. And it will have a value addition for every time. If person will buy something for 500 crores, he will sell it for 600 crores for next time, or he will sell for 1000 crores for next time.Then he will get Royalty for 10%, this is the concept. Some people are saying that this concept is a bubble, that how you can sell Something in so much money and it is online if you buy a make-up then he takes it to the house. It is digital. Now he will look into the phone. And some people now saying that this is a tremendous concept, this is the future. What do you think, you will tell in specific comments below. Look that artistry is, This is something that no one can decide its appreciate. People decide its significance. You is not like a illustration, I likewise do not like it. But parties are liking that painting and if someone wants to give 10,000, 000 rupees for that covering, then we cannot stop him. That’s why you will see that as countless as artwork patches, Their auction makes sit, then parties are clearing music NFT in today’s date, Creating NFT of videos.In Fact, the shot of baseball players that is done by beings, “its also” stimulating NFT of the shot, that we want to sell it. in fact, CEO of Twitter, Jack Dorsey, They have sold their first tweet by making NFT for 18000000 0! Now it has been sold, that tweet is in the public domain. How it gets sold, by a token. In the refer of this token, it will be sold, over and over again, the sign which you did not understand in starting. It was that I can speak today, You can say that you are selling your NFT on the internet and You will deserve 10% royalty as many times it will sell Now some people are is of the view that how can this happen, sir, how can common people do this.Here, go on the internet, whatever knowledge is there for you. All of that is online. You threw NFT marketplace on the Internet, a lot of websites will come before you, crypto.com will come in front of you. OpenSea.io will come in front of you. You Open it, Open crypto.com here and you will see that what people are selling here in the name of NFT, and if “youve got something” unique which is non-fungible , non-replaceable, so you can made it on the Internet by making it your token.You can see that whatever parties are doing and you can also sign in and you consider Someone is selling his artwork for$ 1500 and similarly here at$ 350 and now at $ 500, can you create something like this and the strange things are more popular. Again we explain this concept. You employed NFT Highest Bids on Google and you will see as I “ve told you”. The artwork of Beepal, this is sold in 69 million, that artwork. Similarly, you see that jpg has been sold. You see that GIF file. You have seen that GIF file of Cat, It is sold for $ 500,000. Now you will say that who buy it for $ 500,000. But it is sold, Now they will get 10% as the time it will sell. Similarly, you see this, see this. you witness what is being sold, I said that CEO of Twitter Jack Dorsey, his tweet “ve sold”. Everything is been sold on NFT and NFT is getting extremely very popular. Now I asked you what you think is a bubble or it is the future, statement below. if you understood NFT. I would know if you will like this video and share this video to construct beings understand.If you are watching videos on YouTube then subscribe to it and click on the bell icon, if you are watching on Facebook then you follow us. I will see you in the next video till the time you go self-made . .
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