mft you may have heard this abbreviation in the last few weeks because it’s a huge hype in pop culture and millions are currently being made with it and video on youtube a strictly digital work of art is auctioned for 69 million dollars the highlighting is a digital work of art simply this work is verifiably the original now you might be asking yourself mfps what kind of crass thing is that you are eligible to attain millions with that i want to know that very 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 entitle deed stored under a blog series i.e. a forgery-proof list of data records such as the company or bitcoin when a person is sells a digital skill on the blog series notes that the artistry is now belonging to another person the cultivate frequently are still in the network for everyone si chtbar it can still be downloaded routed or mimicked the mft only proves who owns the art now pretty much anything can be sold as nfc music nft it’s a pretty big teenager environment that obliges for example or the princes of leon then draws will be closed Graphics were also sold for high-pitched parts, such as this lethal 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 also create 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 skill at all and the big-hearted minute my action only passes a few minutes first need me but more info i meet artist max haar who already sells prowes mfps he gave me tip-off for my self-experiment[ music] max is a concept artist his themes are artificial intelligence and nfc you yourself have already composed 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 are of the view that the spiders would have to pay thousands of euros for the digital enter that i can download with a liberty clink and then i contemplated how can i make this to the extreme and have it just think about it then i’ll do the ultimo i obligate the smaller possible enter that you could ever sell and put individual pixels up for sale there are special nft marketings exchanges max registers me his collecting there these are now the individual pixels as they are shown on this exchange individual pixel folders are behind so of course this is now a representation that is always ns dilated here it is not a question of such a large even the large off-color cuboid but actually only 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 seek if I buy a pixel from you now then I can look at the pixel somehow ok but what would I really own mostly nothing at all so the pixel is exactly where it was before it only became on the blog order the entering altered that it no longer belongs to me but belongs to you which somewhere is shockingly disheartening for numerous because you pay for something that i can all watch for free on the net why do parties still pay for the prowes well mfps you can collect resell or brag about it as well as other collectibles on is as nfc, for example, land is too offered under virtual natures and the like nd video excerpts are also available this video by the us artist grimes went for almost 400,000 dollars over the digital counter the most expensive so far is this collage of 5000 individual epitomes by the us artist bible it was auctioned at the renowned auction house 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 provided it up yourself at these exchanges so for every single collection we take this pixel accumulation 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. beings who succeed there and has so far been offered a lot of works of art and who are well sold and who speedily keep it in their pouches whether it works for me ig rustling will max show me how I can post my prowes on the programme last-minute and then we’ll likewise talk about the negative side of nfc skill 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 art busines, but is that in relation to wasting so much energy? that is a unusually, very important and very hotly debated question as to whether or not it eats too much energy overall, so of course i would say of course that it exhausts a great deal too much force max wants to draw attention to this trouble with his nft art he collects coin that he likewise donates to climate shield exactly how much exertion is used for what i will look at last-minute but now it starts for me as an master what does max think i can do as a newcomer at all i don’t dare to make a prognosis because i’m so was often surprised there are people who placed ultimate rubbish in there so it’s already boldly sold on block 10 for 75 dollars i don’t know how great the choice no project but definitely made something welcome to mainz nft atelier before i now so to have a really artistic result there is a requirement to prepare a few organizational things first , now i have to create a wallet, so i need a digital wallet 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 platform where my prowes is sold which touts now that announcing is free yes now always all for free sounds pretty good i just need some kind of art here i can upload all sorts of photos now videos audio records maximum sizing 100 megabytes in principle i can now i can now take any photo from my hard drive and precisely 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 boozing coffee[ music] the book is always creating brand-new occupations that maybe i think i’m completely wrong 420 photographing little swine and so on that’s actually all rigmarole 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 notion i need a bit of technical support thats why i have a colleague instantly to simon i need your help a little technical support I’ m almost getting 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 make 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 we will then exactly situated 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 spend 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 first add you can ask for a fixed expenditure but i want to auction my nft five days leading time starting bid the equivalent of 16 cents I should now really unlock it[ ovation][ music] here it says not enough credit yes of course I getting enough there I too have zero ascribe but it said it can be put in for free to verify me formerly I have to carry out two transactions 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 sorority 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 can now get this on my wool which is linked to the nfc platform as with the purchase I get paid 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 creating the artwork at all i would n’t even know what i would do if now right here comes a closure, which is why I then go to block chain customer service or streaks foundation and then the money paid in is not even fairly for the second largest necessary busines, granny, yes, I speedily bought another one for 50 euros, of which 50 euros are now through all these transaction motions there also only somehow 41 and a few cases mashed ones left listing successful so with all these transactions and guest rewards this and that has actually cost me 120 euros so if my work of art is auctioned now then it is desirable to at least Bring 120 euros so that I’ m even on plus minus zero so that I even have something that I can donate The auctioneer now previous five days I hope that’s enough time for people to look at it and think, human, what a cracker and cry present is available with more i don’t do it now now it’s the internet’s turn now 2 day have delivered since which i leant my work of art online and now i take a look at how much traffic there is already 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 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 have to advertise dear people this work what we just interpreted the original you can bid on it as nfc if you want but that the advances will definitely go to a good stimulate max told me there’s a lot going on on flutter with nfc that’s why I’m likewise doing a bit of advertising on gab 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 institute hello greetings s Thank you very much for taking the time.I am now dealing with nfc and what I hinder encountering is this incredibly high-pitched energy consumption, which is obviously there when you want to create n fts or when any deals come about, why does it destroy so much energie nfc it as such that is actually a digital illustration either have digital objectives or real world objectives 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 collected decentrally on numerous computers at the same time a block 10 is basically a list of data records that are combined in blocks and bonded one after the other a blog invoke with a special key to the content of the blog in front of it in the chain this spec With any bonding, you can see whether the content of the block order has been changed, which stirs the system counterfeit-proof to add a brand-new blog to the chain, you have to solve cryptographic riddles that make the key for the series, this is done by computers announced servicemen and the person who is solves this mystify first of all, he then gets the right to write these transactions together with many others in the blogs as a new blog, yes, and for this you will be reinforced by containing brand-new crypto monies, yes, so many computers try to solve a puzzle at settle a competition only one can win and everyone has then actually squandered their intensity for nothing everyone tries everyone consumes energy that sounds like an incredibly inefficient system it is inefficient and it also destroys 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 the problem 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 new blog so dont calculate thousands of mine at the same time bet but exclusively the intensity on a computer goes on perfectly without electricity that doesnt employment either the energy consumption is significantly reduced that direction 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 impelled it very strong again and they got into the press, but there are already activities about it machines are being considered at the real w to represent parental objects as a token on a blocking again we have built a solution with which you are eligible to write certificates you get from institution from university or get word-paintings 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 genuinely did receive this certificate from a university or from another draw and that is forgery-proof that would means that I would then have to do a lot of paperwork either with the authorities concerned 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 collected more securely on a blog bond and eventually represents an a nft precisely you then have it last-minute here in your smartphone you eventually have it the so-called wool yes and there they can every second en seek, these are all the works of art that i own my auto is also represented here yes my car is also presented in a stereo yes or my computer or even the smartphone itself and my advertise actually manipulated is more than 1400 parties examined this page but offer no one has yet to remind me i have already invested 120 euros in development projects 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 beings entreat and i want to know what the environment footprint of an experiment looks like i had an expert from the technical university of munich calculate what the nft creation of me all the transactions around it and uploading what the co2 eventually symbolizes because it is not yet the lawsuit for the co2 calculation for block bonds many studies are based the calculations of the experts on the data for the bitcoin block chopper important to know the platform i have chosen writes my lft firstly block series if it is actually sold this energy has not been able to accrued the transfer of the bought Konz on my command, however, ingested a total of around 27 kilowatt hours of energy the transaction required for registration with the pulpit around 280 kilowatt hours for writing an nfc ssten the block chain comes with an additional 85 kilowatt hours for comparison, thats how much energy I use otherwise not even in a entire month 151 kilograms of co2 began the whole thing that corresponds to the emissions for a car travel of a good 750 kilometers it’s crazy what this little thing I did there what that provokes how much force is depleted how many releases are produced when now someone offers then come for dess en events still have radiations so now even more I should actually hope that no one will furnish you the information at this level, i.e.These co2 emissions that we have caused here for this experiment, we will compensate for them on an appropriate platform, so always point that out 20 seconds so I would be super surprised if something happened and I actually hope it stands that behavior five four three two one goal is still mine now and the auction has ended so I’m a bit disappointed of course and my reputation as an master has hurt bad, i’ ve experimented, i’ve tried it, i’ve now better understood how it all succeeds, i’m not really the craftsman and that’s why i understand that nobody miss it, of course, that can also be the above reasons that despite the promotion exactly not that numerous beings on these programmes on the go, “theres not” that many people who deal in crypto currency and being able to really get involved, as a normal party, I can get involved in the mft market.The react is, well, its possible, but it s pretty complicated what s happening on the artwork sell and pop culture right now happened i would definitely say it was hype and probably inflated but there is not much interesting and arousing in the technology itself so who knows what that will bring in the future it can certainly likewise streamline numerous administrative manages 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 prowes that could be produced now is us here to leave an amada or on my shares reportage z u click it’s here i tried to earn money with broths and here’ s our playlist on the topics of lifestyle and politics[ music]
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