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 earned with it and video on youtube a exclusively digital work of art is auctioned for 69 million dollars the highlighting is a digital work of art exclusively this work is verifiably the original now you might be asking yourself mfps what kind of crass thing is that you can draw millions with that i want to know that very and that’s why i’m doing this reportage let’s first look at the definition of nfp at nfp that stands for non by jebel toben an nfc is something like a digital deed deed stored under a blog bond i.e.A forgery-proof list of data records such as the company or bitcoin when a person is sells a digital art on the blog order notes that the art is now belonging to another person the handiwork frequently remains in the network for everyone si chtbar it can still be downloaded transported or mimicked the mft simply proves who owns the artistry now pretty much anything can be sold as nfc music nft it’s a pretty big child climate that clears for example or the emperors of leon then depicts will be closed Graphics were also sold for high-pitched sums, such as this poison now, 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 art at all and the big-hearted instant my activity only flows a few minutes firstly need me but more info i satisfy artist max haar who previously sells artwork mfps he gave me tips for my self-experiment[ music] max is a concept artist his themes are artificial intelligence and nfc you yourself have already formed fts i think or sold them or yes because i saw how much fund 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 datum that i can download with a right clink and then i studied how can i make this to the extreme and have it just think about it then i’ll time the ultimo i prepare the smallest possible folder that you could ever sell and put individual pixels up for sale there are special nft auctions exchanges max evidences me his collection there these are now the individual pixels as they are shown on this exchange individual pixel enters are behind so of course this is now a representation that is always ns magnified here it is not a question of such a large even the large blue cuboid but actually only a very small pixel sold exactly 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 review if I buy a pixel from you now then I can look at the pixel somehow ok but what would I really own mostly good-for-nothing at all so the pixel is exactly where it was before it merely became on the blog chain the entryway reformed that it no longer belongs to me but belongs to you which somewhere is shockingly stymie for many because you pay for something that i can all watch for free on the net why do beings still pay for the skill well mfps you can collect resell or brag about it as well as other collectibles on is as nfc, for example, estate is too offered under virtual natures and the like nd video times are also available this video by the us artist grimes went for virtually 400,000 dollars over the digital bar the most expensive still further is this collage of 5000 individual idols by the us artist bible it was auctioned at the renowned auctioneer residence christie’s for 69 million dollars the special the fc st with every further marketing if the artists too make that they are able to determined it up yourself at these exchanges so for every single collection we make this pixel collecting 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 has so far been offered a lot of works of art and who are well sold and who swiftly keep it in their pocketbooks whether it works for me ig swishing will max is demonstrated by how I can affix my skill on the stage later and then we’ll also talk about the negative side of nfc art 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 artwork sell, but is that in relation to wasting so much energy? that is a awfully, very important and very hotly debated question as to whether or not it expends too much energy overall, so of course i would say of course that it destroys a good deal too much vitality max wants to draw attention to this trouble with his nft skill he compiles money that he too gifts to climate defence exactly how much vigour is used for what i will look at later but now it starts for me as an master what does max think i can do as a stranger at all i don’t dare to make a prognosis because i’m so was often surprised there are people who kept ultimate litter in there so it’s already boldly sold on block 10 for 75 dollars i don’t know how huge the choice no suggestion but unquestionably delivered something welcome to mainz nft atelier before i now so to have a really aesthetic influence i have to prepare a few administrative things firstly , now i have to create a wallet, so i need a digital billfold for tattoos, so to speak, because this whole trade is transacted through christ, because when my artwork is sold, the money should be there too get to me also i need an account on an nfc platform where my skill is sold which praises now that posting is free yes here ever all for free sounds pretty good i just need some kind of art here i can upload all sorts of photos now videos audio documents maximum size 100 megabytes in principle i been in a position to 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 extremely first of all i need inspiration that it has to be at drinking chocolate[ music] the book is always creating new projects that maybe i think i’m completely wrong 420 photographing little animals and so on that’s actually all sillines 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 theme 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 practically going 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 frame 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 we will then earn money with it that we will then precisely made it to a good begin 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 liquidate 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 secured price but i want to auction my nft five days moving time starting bid the equivalent of 16 cents I should now certainly unlock it[ praise][ music] here it says not enough credit yes of course I getting enough there I likewise have zero ascribe but it said it can be put in for free to verify me formerly 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 guild 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 obtain I have to pay fees for it again and now there are definitely exclusively 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 completion, which is why I then go to block chain customer service or serials foundation and then the money paid in is not even enough for the second necessary transaction, grandma, yes, I quickly 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 suppressed ones left scheduling 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 auction now previous five days I hope that’s enough time for people to look at it and think, male, what a cracker and cry offer is available with more i don’t do it now now it’s the internet’s turn now 2 day have extended since which i placed my work of art online and now i take a look at how much congestion there are on the site and whether i have just been orders 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 people should take a look at and at least offer a few things now somehow I “re going to have to” advertise dear people this work what we just insured the original you can bid on it as nfc if you require but that the advances will definitely go to a good make max told me there’s a lot going on on quaver with nfc that’s why I’m too doing a bit of advertising on flutter world premiere is there now also 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 academy hello accosts s Thank you much needed for taking the time.I am now dealing with nfc and what I remain encountering is this incredibly high energy consumption, which is obviously there when you want to create n fts or when any deals take place, why does it devour so much energie nfc it as such that is actually a digital representation either have digital objects 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 orders are also collected decentrally on countless computers at the same time a block 10 is basically a schedule of data records that are brought together in blocks and ordered one after the other a blog cite with a special key to the content of the blog in front of it in the bond this spec With any bonding, you can see whether the content of the block chain has been changed, which stimulates the system counterfeit-proof to add a new blog to the chain, you have to solve cryptographic puzzles that render the key for the chaining, this is done by computers announced somebodies and the person who is 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 reinforced by containing brand-new crypto monies, yes, so many computers try to solve a puzzle at spend a competition only one can win and everyone has then actually wasted their intensity for nothing everyone tries everyone consumes energy that sounds like an improbably inefficient system it is inefficient and it also downs a lot of energy at the same time it is secure but although everyone can take part in it that really everyone looked 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 new blog so dont calculate thousands of mine at the same time bet but merely the energy on a computer goes on completely without electricity that doesnt piece either the energy consumption is significantly reduced that lane 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, i think yes, and these works of art have procreated it very strong again and they got into the press, but there are already jobs about it machines are being considered at the real w to represent parental objectives as a token on a obstruct again we have built a mixture with which you are eligible to write certifications you get from institution from university or get representations from another as a kind of token on the blogs and then they are eventually the owner of this certificate and you can prove it to anyone else that they really did receive this certificate from colleges and universities or from another draw 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 misses the sales contracts or so that you could save everything but that it is then more or less stored more securely on a blog order and ultimately represents an a nft accurately 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 examination, these are all the works of art that i own my auto is also represented here yes my automobile is also presented in a stereo yes or my computer or even the smartphone itself and my advertising actually succeeded is more than 1400 people deemed this page but offer no one has yet to prompt me i have already invested 120 euros in the project and not a single dictation hitherto 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 bidding 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 makes because it is not yet the action for the co2 calculation for block bonds many studies are based the calculations of the experts on the data for the bitcoin block chop important to know the platform i have chosen writes my lft first block bond if it is actually sold this vigor has not been able to accrued the transfer of the obtained Konz on my utterance, however, depleted a total of around 27 kilowatt hours of electricity the transaction required for registration with the platform 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 whole month 151 kilograms of co2 compelled the whole thing that corresponds to the emissions for a vehicle excursion of a good 750 kilometers it’s crazy what this little thing I did there what that prompts how much vigor is eaten how many radiations are produced when now someone presents then came to see you dess en deals still have releases so now even more I should actually to be expected that no one will volunteer you the information at this point, i.e.These co2 emissions that we have caused here 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 something happened and I actually hope it remains that direction five four three two one end is still mine now and the auction has ended so I’m a bit disappointed of course and my honor as an creator has hurt bad, i’ ve experimented, i’ve tried it, i’ve now better understood how everything there is operates, i’m not really the master and that’s why i understand that nobody miss it, of course, that can also be the reason that despite the hype really not that countless people on these programmes on the go, there are not that countless people who deal in crypto currency and being able to really get involved, as a normal being, I can get involved in the mft market.The answer is, well, its possible, but it s very complicated what s happening on the artistry marketplace and pop culture right now happened i would definitely say it was hype and probably inflated but there is not much interesting and exciting in the technology itself so who knows what that will bring in the future it can certainly likewise simplify countless bureaucratic operations 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 respectable artwork that could be produced now is us here to leave an amada or on my shares reportage z u clink it’s here i tried to earn money with capitals and now’ s our playlist on the topics of lifestyle and politics[ music]
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