mft you may have heard this abbreviation in the last few weeks because it’s a huge hype in pop culture and millions are now underway made with it and video on youtube a solely digital work of art is auctioned for 69 million dollars the highlight is a digital work of art only this work is verifiably the original now you might be asking yourself mfps what kind of crass thing is that you are eligible to impel millions with that i want to know that more and that’s why i’m doing this reportage let’s firstly look at the definition of nfp at nfp that stands for non by jebel toben an nfc is something like a digital claim deed stored in a blog order i.e.A forgery-proof list of data records such as the company or bitcoin when a person is sells a digital artwork on the blog chain notes that the skill is now belonging to all persons the manipulate typically remains in the network for everyone si chtbar it can still be downloaded mailed or followed the mft really proves who owns the art now pretty much anything can be sold as nfc music nft it’s a pretty big girl atmosphere that clears for example or the rulers of leon then portrait will be closed Graphics were also sold for high summing-ups, such as this deadly here, it was sold for around 600,000 dollars for it, yes, and that didn’t really give me the idea that I couldn’t likewise compose some kind of art that I is sell as my nft, so I’m now starting to try it on myself is already brisk on the block 10 sold 75 dollars i’m a serious nfc artist aha because everything takes longer and it’s more complicated than creating the prowes at all and the big-hearted instant my action only flows a few minutes first need me but more info i converge artist max haar who once sells prowes mfps he “ve been given” tips for my self-experiment[ music] max is a concept artist his themes are artificial intelligence and nfc you yourself have already created fts i think or sold them or yes because i saw how much coin there is for these works i thought it was totally absurd so at the beginning of everyone i thought that the spiders would have to pay thousands of euros for the digital file that i can download with a claim clink and then i reckoned how can i make this to the extreme and have it just think about it then i’ll do the ultimo i become the smallest possible folder that you could ever sell and put individual pixels up for sale there are special nft sales exchanges max pictures me his collecting there these are now the individual pixels as they are shown on this exchange individual pixel files are behind so of course this is now a representation that is always ns enlarged here it is not a question of such a large even the large blue-blooded cuboid but actually exclusively a very small pixel sold accurately this one for example someone paid 0.005 terium for I don’t know exactly what that is like 10 dollars or something I’ll have a examine if I buy a pixel from you now then I can look at the pixel somehow ok but what the hell is I certainly own basically good-for-nothing at all so the pixel is exactly where it was before it simply became on the blog bond the entry varied that it no longer belongs to me but belongs to you which somewhere is shockingly baffling for countless because you pay for something that i can all watch for free on the net why do beings still pay for the art well mfps you can collect resell or brag about it as well as other collectibles on is as nfc, for example, region is likewise offered in virtual macrocosms and the like nd video times is also this video by the us artist grimes went for almost 400,000 dollars over the digital bar the most expensive still further is this collage of 5000 individual likeness by the us artist bible it was auctioned at the renowned auction live christie’s for 69 billion dollars the special the fc st with every further auction if the artists likewise earn that they are able to adjusted it up yourself at these exchanges so for every single collection we make this pixel collect i can say with every resale i want to earn a certain percentage from it and that would be the case with everyone Individual resales are then automatically paid into my group wallet.This opens up completely new sources of income, i.e. people who succeed there and have already offered a lot of works of art and who are well traded and who immediately keep it in their pocketbooks whether it works for me ig rustling will max show me how I can affix my skill on the stage last-minute and then we’ll also talk about the negative side of nfc artistry the co2 consumption for creating and trading with nfc is enormous now that’s kind of funny and yes that can make a difference on the prowes marketplace, but is that in relation to wasting so much energy? that is a particularly, very important and very hotly debated question as to whether or not it consumes too much energy overall, so of course i would say of course that it ingests a great deal too much force max wants to draw attention to this question with his nft skill he accumulates fund that he likewise gives to climate shelter exactly how much intensity is used for what i will look at last-minute but now it starts for me as an craftsman what does max think i can do as a beginner at all i don’t dare to make a prognosis because i’m so was often surprised there are people who applied ultimate rubbish in there so it’s already boldly sold on block 10 for 75 dollars i don’t know how huge the choice no meaning but unquestionably wreaked something welcome to mainz nft atelier before i now so to have a really artistic consequence there is a requirement to prepare a few managerial things firstly , now i have to create a wallet, so i need a digital pouch for tattoos, so to speak, because this whole trade is transacted through christ, because when my artistry is sold, the money should be there too get to me also i need an account on an nfc scaffold where my artwork is sold which advertises here that posting is free yes now ever all free of charge sounds pretty good i just need some kind of art here i can upload all sorts of photos now videos audio records peak sizing 100 megabytes in principle i can now i can now take any photo from my hard drive and merely upload it or photos but ok i want to think about it a bit now i’m a serious nfc artist too first of all i need inspiration that it has to be at drinking coffee[ music] the book is always creating brand-new productions that maybe i think i’m completely wrong 420 photographing little swine and so on that’s actually all absurdity the internet is full with me with my knees can i just take something that already is is it clear what came up that could become a career what to do with it that has many levels human tragedy drama for my doctrine i need a bit of technical support thats why i have a colleague directly to simon i need your help a little technical support I’ m essentially get into some ft art game 1 and I’m imagining ga nz and video snippets from a series of that you never create before and so from shares about 8 40 845 and I would think it would be nice if there was a golden picture frame around the video all the time like you would formulate such a high-quality work of art I’m curious and of course i will keep you up to date and of course if i get fame and honor with it then you deserve a large share of it ourselves the authorities concerned will then earn money with it that the authorities concerned will then exactly employed it to a good cause a work of art was delivered[ music][ music] yes it is it is as i imagined it is a bit trashy i don’t know if anyone will remuneration anything for this nft work of art but i am looking forward to so of course but so that someone can buy it i have to upload a video description firstly add you can also ask for a cooked rate but i want to auction my nft five days moving time starting bid the equivalent of 16 pennies I should now certainly unlock it[ praise][ music] here it says not enough credit yes of course I have enough there I also have zero recognition but it said it can be put in for free to verify me once I have to carry out two deals for this I have to enter a so-called number of guests converted to an unbelievable 103 dollars for this I create an account on a organization safarus exchange there I have to identify myself with my ID and can then use my credit card to buy a cross I now have 0, 06 63 eth bought I been in a position to get this on my wool which is linked to the nfc platform as with the acquisition I have to pay rewards for it again and now there are definitely merely 90 euros left without what actually happened because everything takes time longer and more complicated than ever to create the skill i was only n’t even know what i would do if now right here comes a end, which is why I then go to block chain customer service or sequences substantiate and then the money paid in is not even enough for the second required event, grandma, yes, I rapidly bought another one for 50 euros, of which 50 euros are now through all these transaction progress there also only somehow 41 and a few cases humiliated ones left scheduling successful so with all these transactions and guest fees this and that has actually cost me 120 euros so if my work of art is auctioned now then it should at least Bring 120 euros so that I’ m even on plus minus zero so that I even got something that I can donate The auction now lasts five days I hope that’s enough time for beings to look at it and think, guy, what a cracker and pray present is available with more i don’t do it now now it’s the internet’s turn now 2 day have progressed since which i framed my work of art online and now i take a look at how much transaction there are on the site and whether i have just been attempts i need to be updated can’t be 2 i would say the firstly one from me and now the second largest one was next to something has to happen now that parties should take a look at and at least offer a few things here somehow I “re going to have to” advertise dear parties this work what we just realized the original you can bid on it as nfc if you require but that the advances will definitely go to a good generate max told me there’s a lot going on on gab with nfc that’s why I’m too doing a bit of advertising on flutter world premiere is there now likewise as nfc whether the advertising is enough there are still three days left for me to take a closer look at the technology behind mfps and that’s why i made an appointment with a scientist from the fraunhofer association hello greetings s Thank you much needed for taking the time.I am now dealing with nfc and what I restrain encountering is this incredibly high-pitched power consumption, which is obviously there when you want to create n fts or when any business come about, why does it deplete so much energie nfc it as such that is actually a digital representation either have digital objectives or real world objects that are stored in a blog jane and the algorithm the procedure with which this happens is the so-called proof of work crypto would be like this or bitcoin based on block change block bonds are also accumulated decentrally on countless computers at the same time a block 10 is basically a roll of data records that are brought together in blocks and bonded one after another a blog citation with a special key to the content of the blog in front of it in the chain this spec With any series, you can see whether the content of the block chain has been changed, which forms the system counterfeit-proof to add a new blog to the chain, you have to solve cryptographic puzzles that make the key for the chaining, this is done by computers announced somebodies and the one who solves this dilemma first of all, he then gets the right to write these transactions together with many others in the blogs as a brand-new blog, yes, and for this you will be rewarded by containing new crypto currencies, yes, so many computers try to solve a puzzle at fee a competition exclusively one can win and everyone has then actually wasted their exertion for nothing everyone tries everyone consumes energy that is just like an improbably inefficient system it is inefficient and it also consumes a lot of energy at the same time it is secure but although everyone can take part in it that really everyone stared everyone can participate it ensures that nobody can manipulate it their own problems with energy consumption can be solved by another principle in the troupe of state system it is determined in advance which computer is allowed to validate a brand-new blog so dont calculate thousands of mine at the same time bet but exclusively the vigor on a computer goes on entirely without electricity that doesnt work either the energy consumption is significantly reduced that highway but it s important that something changes in energy consumption because fts could play a big role in our everyday life in the future do you think that as far as nft is concerned, a realistic vision of the future is that it will really affect many areas of life, here i am thinking yes, and these works of art have prepared it very strong again and they got into the press, but there are already programmes about it machines are being considered at the real w to represent parental objectives as a sign on a impede again we have built a mixture with which you can write certifications you get from clas from university or get slides from another as a kind of token on the blogs and then they are eventually the owner of such certificates and you can prove it to anyone else that they actually did receive this certificate from colleges and universities or from another paint and that is forgery-proof that would mean that I would then have to do a lot of paperwork either with the authorities or with the I have at home he requires the sales contracts or so that you could save everything but that it is then more or less accumulated more securely on a blog order and ultimately represented as a nft exactly you then have it later here in your smartphone you ultimately have it the so-called wool yes and there they can every second en looking, these are all the works of art that i own my vehicle is also represented here yes my gondola is also presented in a stereo yes or my computer or even the smartphone itself and my announce actually drove is more than 1400 parties examined this page but order no one has yet to remind me i have already invested 120 euros in the project and not a single offer more yes that is maybe not bad at all i know that from ebay there is always no one bidding and then there in the last few minutes just before the end of the auction are people and i want to know what the atmosphere footprint of an experiment looks like i had an expert from the technical university of munich calculate what the nft created in me all the transactions around it and uploading what the co2 eventually symbolizes because it is not yet the suit for the co2 calculation for block chains many studies are located the calculations of the experts on the data for the bitcoin block chopper important to know the platform i have chosen writes my lft first block chain if it is actually sold this vigour has not yet accrued the transmission of the obtained Konz on my text, nonetheless, spent a total of around 27 kilowatt hours of energy the transaction required for registration with the programme around 280 kilowatt hours for writing an nfc ssten the block series comes with an additional 85 kilowatt hours for comparison, thats how much electricity I use otherwise not even in a entire month 151 kilograms of co2 justification the whole thing that corresponds to the emissions for a vehicle wander of a good 750 kilometers it’s crazy what this little thing I did there what that prompts how much exertion is ingested how many radiations are produced when now person offers then came to see you dess en deals still have radiations so now even more I should actually to be expected that no one will volunteer you the information at this top, i.e.These co2 emissions that we have caused now for this experiment, we will compensate for them on an appropriate platform, so always notes that out 20 seconds so I would be super surprised if anything happened and I actually hope it abides that acces five four three two one culminate is still mine now and the auction has ended so I’m a bit disappointed of course and my honor as an artist has hurt bad, i’ ve experimented, i’ve tried it, i’ve now better understood how it all operates, i’m not really the creator and that’s why i understand that nobody hankers it, of course, that can also be the reason that despite the promotion merely not that countless parties on these platforms on the go, there are not that numerous people who deal in crypto currency and being able to really get involved, as a ordinary person, I can get involved in the mft marketplace. The react is, well, its possible, but it s pretty complicated what s happening on the artwork busines and pop culture right now happened i would definitely say it was hype and probably exaggerated but there is not much interesting and eliciting in information and communication technologies itself so who knows what that will bring in the future it can certainly also streamline countless bureaucratic processes in other areas of life then it will all but what is really useful for the future the energy consumption must definitely be lower because that is not the case at the moment i am withdrawing from the mft business yes and because i can not produce any decent artistry that could be produced now is us now to leave an amada or on my shares reportage z u sound it’s here i tried to earn money with furnishes and here’ s our playlist on the topics of lifestyle and politics[ music]
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