Well , now you are seeing two 500 notesin my hands and I am depicting you this for a purpose. Why am I depicting you this? Let metell you about it. Merely speculate, I have two notations, exactly a 500 memo would be inyour pocket, so the had pointed out that I have and the notation you have, is of the same value. Right, we can replace it and We can interchange it among ourselves. You gives people your document, Igive my notation to you. It is not matter because the value is the same. But take an examplehere. Suppose I have Ram on one side and Shyam on one side.I give one-noteto Ram and I hand another record to Shyam. Now they both have 500 and they have equalmoney.Now Ram says to Shyam that give me your tone, do the exchange, it is not matter.He also has 500 and he also has 500 and Ram tells me that Sir you are giving me 500. I wishes to a indulgence, Please sign on this note and give it to me. If Ram saysthis to me, then I have to sign. Why am I indicating in front of you? I will tell you aboutit.Now suppose I indicated now on this note. So I made a sign here in front of you and Iput today’s date here, then I have signed a note here and I have leant a time in frontof you. Today’s year has been put on this note and that extremely I have said that I havesigned with lettuce ink. So it is a unique color. Now you have this note and I payed this noteto 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 commit it now.Shyam says take my five hundrednote and exchange it. Ram says that no, I can no longer exchange. Now your memorandum is thesame as the remainder of the notations. It is fungible. But this note is non-fungible. Thereis not a single tone in the whole world like this. This is merely one note which has beensigned in front of the audience and that too with green color and it is with me then Iwill not give it to you. And I will sell this note for 5000. Its appreciate has increased.Ram said that. Now Shyam said that both are the same but now why it becomes non-fungible, do you understand. Because there was such a thing in it that it increased its value.You can do this with anything. you can add value to anything. Suppose you have a phone and you have an Applephone and I too have an Apple phone. But belief the information contained in your telephone, you do somethingnew with that. you get gold plating in it, then whatever is your phone, it will becomenon-fungible, there is no such thing as a single phone in the world. Now, this is the concept ofnon-fungible, I keep these notes in my pocket because I will explain to you what Ram isgoing to do with non-fungible concepts.Ram says whatever I is available in Today’s date, it hasbecome my non-fungible asset and I attach the token with it. Now, I am showing whatthe clue is. NF is non-fungible, I tell you what a clue is. Then this will become NFT.This NFT notion is based on blockchain technology, that is Ethereum Blockchain.Now this blockchain technology. This means Secure. You understand that all the entriesare being done. He was of the view that I will keep photos of this note on the internet and I will makethis into a token that I have an NFT, Anyone who wants to buy it can buy it.Similarly, Ram says that is not simply will I do this, I am also a graphic designer. Iwill make a graphic. I will make a GIF. I’ll make a jpg, I will upload an portrait, or I willput a video. He can say anything and I will tell them that it is non-fungible, becauseGIFs like this are not there in the whole world. I have made this.This is my NFT. Nowwhere T is coming from, how this is Becoming token. This is Becoming token Because theblocking technology is added here. Now the notion of NFT here says that we willgive additional benefits to the creator. What assistances will it give? You can sell your NFTto anyone here. If someone came out and bought something, you will get this coin. But suppose that this buyer will sell this to asmany parties the next time, Suppose he sells it to ABC, Then the next time ABCsells to XYZ, how many times it will sell, that many times the architect will get a royaltyof 10%. Now you understand what he wants to say. The concept is that as many times itwill sell, That same thing he will get a royalty of ten% time and again. Similarly, a Beeple mentioned person has sold digital artwork for 69 million that is 500 crores. Now he is calling this digitalartwork as NFT. Now a person specified Vignesh, who is of Indian origin, bought it and boughtit here in fact.Now where reference is will sell it to someone ABC person, then 10% royalty willgo to the one who compiled it. Once if pioneer, Beeple. Once the make 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 someone will buysomething for 500 crores, he will sell it for 600 crores for next time, or hewill sell for 1000 crores for next time. Then he will get Royalty for 10%, this is the concept.Some beings are saying that this concept is a bubble, that how you can sell Somethingin so much money and it is online if you buy a illustration 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 atremendous concept, this is the future. What do you think, you will tell in the commentbelow. Look that artistry is, This is something that no one can decide its value.People decideits quality. You “dont like” a depict, I also “dont like” it. But beings are likingthat cover and if someone wants to give 10,000, 000 rupees for that decorating, then we cannot stop him. That’s why you will see that as numerous as skill cases, Their auctiontakes sit, then parties are uttering music NFT in today’s date, Creating NFT of videos.In Fact, the shot of baseball players that is done by beings, they are also starting NFT ofthe shot, that we want to sell it. in fact, CEO of Twitter, Jack Dorsey, Theyhave sold their first tweet by making NFT for 18000000 0! Now it has been sold, thattweet is in the public domain.How it gets sold, by a token. In the list of this token, it will be sold, time and 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 internetand You will make 10% royalty as many times it will sell Now some people are is of the view that how can thishappen, sir, how can common people do this. Here, go on the internet, whatever informationis there for you. All of that is online. You employed NFT marketplace on theInternet, 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 now and you willsee that what people are selling here in the name of NFT, and if you have something uniquewhich is non-fungible , non-replaceable, so you are eligible to situated it on the Internet by making ityour token. You has been noted that whatever beings are doing and you can also sign in and yousee Someone is selling his artwork for$ 1500 and similarly here at$ 350 and here at $ 500, can you create something like this and the strange things are more popular.Again we explainthis concept. You kept NFT Highest Bids on Google and you will see as I told you. Theartwork of Beepal, this is sold in 69 million, that artwork. Similarly, you see that jpghas been sold. You see that GIF file. You have is evident that GIF file of Cat, It is soldfor $ 500,000. Now you will say that who buy it for $ 500,000. But it is sold, Now theywill get 10% as the time it will sell.Similarly, you see this, see this. you see what is beingsold, I said that CEO of Twitter Jack Dorsey, his tweet “ve sold”. Everything is been soldon NFT and NFT is getting awfully very popular. Now I asked you what you think is a bubbleor it is the future, remark below. if you understood NFT. I would know if you will likethis video and share this video to compile parties understand. If you are watching videos onYouTube then subscribe to it and click on the buzzer icon, if you are watching on Facebook then you follow us. Iwill see you in the next video till the time “theres going” self-made ..
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