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 gave with it and video on youtube a exclusively digital work of art is auctioned for 69 billion 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 can originate millions with that i want to know that too 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 series 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 chain notes that the artwork is now belongs to all persons the exertion often are still in the network for everyone si chtbar it can still be downloaded mailed or imitation the mft merely proves who owns the artwork now pretty much anything can be sold as nfc music nft it’s a pretty big kid climate that reaches for example or the emperors of leon then visualizes will be closed Graphics were also sold for high-pitched sums, 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 too start 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 makes longer and it’s more complicated than creating the prowes at all and the big-hearted time my action exclusively races a few minutes first need me but more info i fulfill artist max haar who previously sells artistry mfps he “ve been given” tip-off 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 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 claim click and then i reflected how can i take this to the extreme and have it just think about it then i’ll do the ultimo i fix the smallest possible file that you could ever sell and put individual pixels up for sale there are special nft sales exchanges max proves me his collect there these are now the individual pixels as they are shown on this exchange individual pixel data are behind so of course this is now a representation that is always ns extended here it is not a question of such a large even the large off-color cuboid but actually only a very small pixel sold precisely 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 the hell is I certainly own basically good-for-nothing at all so the pixel is exactly where it was before it precisely became on the blog bond the record reformed that it no longer belongs to me but belongs to you which somewhere is shockingly forestalling for many because you pay for something that i can all watch for free on the net why do parties still pay for the artwork well mfps you can collect resell or brag about it as well as other collectibles on is as nfc, for example, moor is also offered in virtual natures and the like nd video times is also this video by the us artist grimes went for roughly 400,000 dollars over the digital bar the most expensive still further is this collage of 5000 individual portraits by the us artist bible it was auctioned at the renowned auctioneer home christie’s for 69 billion dollars the special the fc st with every further marketing if the artists too give that they are able to placed it up yourself at these exchanges so for every single collection we take 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. parties who are successful there and have already offered a lot of works of art and who are well transactions and who immediately keep it in their billfolds whether it works for me ig rustling will max is demonstrated by how I can announce my skill on the stage later and then we’ll too talk about the negative side of nfc prowes 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 market, but is that in relation to wasting so much energy? that is a highly, very important and very hotly debated question as to whether or not it depletes too much energy overall, so of course i would say of course that it depletes a lot too much energy max wants to draw attention to this question with his nft artwork he obtains money that he too bequeaths to climate protection exactly how much intensity is used for what i will look at later but now it starts for me as an artist what does max think i can do as a outsider at all i don’t dare to make a prognosis because i’m so was often surprised there are those who articulated ultimate debris in there so it’s already boldly sold on block 10 for 75 dollars i don’t know how huge the choice no theory but surely made something welcome to mainz nft atelier before i now so to have a really imaginative consequence there is a requirement to prepare a few managerial things first , now i have to create a wallet, so i need a digital purse 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 pulpit where my art is sold which touts now that affixing is free yes here 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 folders maximum length 100 megabytes in principle i can now i can now take any photo from my hard drive and time 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 imbibing coffee[ music] the book is always creating new productions that maybe i think i’m completely wrong 420 photographing little animals and so on that’s actually all nonsensical 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 instantly to simon i need your help a little technical support I’ m practically coming 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 the authorities concerned will then really kept it to a good lawsuit 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 also ask for a fastened premium but i want to auction my nft five days extending time starting bid the equivalent of 16 pennies I should now actually unlock it[ ovation][ music] here it says not enough credit yes of course I getting enough there I too have zero credit but it said it can be put in for free to verify me once 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 team 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 buy I get paid costs 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 ever to create the artwork 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 reinforcement and then the money paid in is not even fairly for the second necessary busines, granny, yes, I rapidly bought another one for 50 euros, of which 50 euros are now through all these transaction flows there also only somehow 41 and a few cases subdued ones left registering 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 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, mortal, what a cracker and pray give is available with more i don’t do it now now it’s the internet’s turn now 2 day have surpassed since which i framed 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 largest one was next to something has to happen now that people should take a look at and at least offer a few things here somehow I “re going to have to” advertise dear people this work what we just experienced the original you can bid on it as nfc if you miss but that the continues will definitely go to a good cause max told me there’s a lot going on on chirp with nfc that’s why I’m too doing a bit of advertising on chatter 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 research scientists from the fraunhofer academy hello greetings s Thank you very much for taking the time.I am now dealing with nfc and what I remain encountering is this incredibly high-pitched energy consumption, which is obviously there when you want to create n fts or when any transactions come about, why does it eat 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 chains are also accumulated decentrally on numerous computers at the same time a block 10 is basically a roster of data records that are combined in blocks and ordered one after the other a blog citation with a special key to the content of the blog in front of it in the order this spec With any chaining, you can see whether the content of the block chain has been changed, which utters the system counterfeit-proof to add a new blog to the chain, you have to solve cryptographic mystifies that make the key for the series, this is done by computers announced mortals 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 brand-new blog, yes, and for this you will be rewarded by containing brand-new crypto currencies, yes, so many computers try to solve a puzzle at offer a competition only one can win and everyone has then actually wasted their force for nothing everyone tries everyone consumes energy that sounds like an incredibly inefficient system it is inefficient and it also eats a lot of energy at the same time it is secure but although everyone can take part in it that really everyone gazed 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 simply the intensity on a computer goes on altogether without electricity that doesnt creation 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 constituted it very strong again and they got into the press, but there are already assignments about it machines are being considered at the real w to represent parental objects as a clue on a barricade again we have built a answer with which you can write authorizations you get from clas from university or get scenes 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 certainly did receive this certificate from colleges and universities or from another slide and that is forgery-proof that would means 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 collected more securely on a blog series and ultimately represented as a nft exactly you then have it later here in your smartphone you eventually have it the so-called wool yes and there they can every second en regard, these are all the works of art that i own my auto is also represented here yes my auto is also presented in a stereo yes or my computer or even the smartphone itself and my publicizing actually manipulated is more than 1400 parties examined this page but bid no one has yet to prompt me i have already invested 120 euros in development projects and not a single dictation yet 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 parties entreat 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 lawsuit 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 order if it is actually sold this vigour has not yet accrued the transfer of the purchased Konz on my statement, nonetheless, ingested a total of around 27 kilowatt hours of energy the event required for registration with the stage 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 compelled the whole thing that corresponds to the emissions for a auto outing of a good 750 kilometers it’s crazy what this little thing I did there what that prompts how much exertion is spent how many radiations are produced when now someone offers then come for dess en transactions still have releases so now even more I should actually hope that no one will give you the information at this item, 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 something happened and I actually is hoped that the government remains that mode five four three two one purpose is still mine now and the auctioneer has ended so I’m a bit disappointed of course and my honor as an master has been hurt, i’ ve experimented, i’ve tried it, i’ve now better understood how it all labours, i’m not really the creator and that’s why i understand that nobody demands it, of course, that can also be the reason that despite the promotion exactly not that many people on these stages on the go, “theres not” that countless 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 refute is, well, its possible, but it s very complicated what s happens on the prowes grocery and pop culture right now happened i would definitely say it was hype and probably exaggerated but there is not much interesting and agitating in the technology itself so who knows what that will bring in the future it can certainly too simplify countless bureaucratic process 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 nice art that could be produced now is us here to leave an amada or on my shares reportage z u sound it’s here i tried to earn money with inventories and here’ s our playlist on the topics of lifestyle and politics[ music]
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