There's lots of hype around NFTs (Non Fungible Tokens) but I think there's some potential to allow us to finally own our digital media and give creators ongoing royalties whenever content is re-sold. But there are a lot of barriers and cost involved which makes it not quite ready for wide consumer adoption. Subscribe for more ! http://lon.tv/s

VIDEO INDEX:

00:00 - Intro

00:39 - NFTs Explained

01:53 - Brands, the NBA, and athletes minting NFTs

02:51 - Value of NFTs

05:20 - Ethereum Blockchain

05:50 - Fractional Ownership

06:15 - Creating NFTs with Rarible

08:22 - Royalties for original creator

11:13 - Gas fees

12:35 - Negatives, Complexity, Hosting, Counterfeits, False Scarcity

15:36 - NFT Conclusion

16:10 - Supporter Thank Yous

16:58 - Helping the Channel

17:10 - My Other Channels

18:05 - Conclusion

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