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#NFT Explained in Hindi | How to #MakeMoney with Non Fungible Tokens? | Ethereum Blockchain - YouTube
Channel: Pushkar Raj Thakur: Business Coach
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Well, now you are seeing two ₹ 500 notes
in my hand and I am showing you this for a
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purpose. Why am I showing you this? Let me
tell you about it. Just think, I have two
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notes, exactly a ₹ 500 note would be in
your pocket, so the note that I have and the
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note you have, is of the same value. Right,
we can replace it and We can interchange it
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among ourselves. You give me your note, I
give my note to you. It does not matter because
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the value is the same. But take an example
here. Suppose I have Ram on one
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side and Shyam on one side. I give one-note
to Ram and I give another note to Shyam. Now
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they both have ₹ 500 and they have equal
money.Now Ram says to Shyam that give me your
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note, do the exchange, it does not matter.
He also has ₹ 500 and he also has ₹ 500
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and Ram tells me that Sir you are giving me
₹ 500. I would like a favor, Please sign
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on this note and give it to me. If Ram says
this to me, then I have to sign. Why am I
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signing in front of you? I will tell you about
it. Now suppose I signed here on this note.
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So I put a sign here in front of you and I
put today's date here, then I have signed
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a note here and I have put a date in front
of you. Today's date has been put on this
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note and that too I have said that I have
signed with green ink. So it is a unique color.
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Now you have this note and I gave this note
to Shyam, Now Shyam speaks to ram that brother
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do one thing and give me this signed note.
Ram will say that I can not give it now. Shyam
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says take my five hundred
note and exchange it. Ram says that no, I
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can no longer exchange. Now your note is the
same as the rest of the notes. It is
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fungible. But this note is non-fungible. There
is not a single note in the whole world like
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this. This is only one note which has been
signed in front of the audience and that too
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with green color and it is with me then I
will not give it to you. And I will sell this
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note for ₹ 5000. Its value has increased.
Ram said that. Now Shyam said that both are
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the same but here why it becomes non-fungible,
do you understand. Because there was such
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a thing in it that it increased its value.
You can do this with anything. you can add
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value to anything.
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Suppose you have a phone and you have an Apple
phone and I also have an Apple phone. But
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suppose the data in your phone, you do something
new with that. you get gold plating in it,
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then whatever is your phone, it will become
non-fungible, there is not a single phone
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in the world. Now, this is the concept of
non-fungible, I keep these notes in my pocket
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because I will explain to you what Ram is
going to do with non-fungible concepts. Ram
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says whatever I have in Today's date, it has
become my non-fungible asset and I attach
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the token with it. Now, I am explaining what
the token is. NF is non-fungible, I tell you
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what a token is. Then this will become NFT.
This NFT concept is based on blockchain technology,
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that is Ethereum Blockchain.
Now this blockchain technology. This means
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Secure. You understand that all the entries
are being done. He says that I will put photos
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of this note on the internet and I will make
this into a token that I have an NFT, Anyone who
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wants to buy it can buy it.
Similarly, Ram says that not only will I do
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this, I am also a graphic designer. I
will make a graphic. I will make a GIF. I'll
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make a jpg, I will upload an image, or I will
put a video. He can say anything and I will
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tell them that it is non-fungible, because
GIFs like this are not there in the whole
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world. I have made this. This is my NFT. Now
where T is coming from, how this is Becoming
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token. This is Becoming token Because the
blocking technology is added here.
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Now the concept of NFT here says that we will
give additional benefits to the creator. What
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benefits will it give? You can sell your NFT
to anyone here. If someone came out and bought
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something, you will get this money.
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But suppose that this buyer will sell this to as
many people the next time, Suppose
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he sells it to ABC, Then the next time ABC
sells to XYZ, how many times it will sell,
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that many times the creator will get a royalty
of 10%. Now you understand what he wants to
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say. The concept is that as many times it
will sell, That same thing he will get a royalty
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of 10% again and again. Similarly, a Beeple named person has sold digital artwork for 69 million that is
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500 crores. Now he is calling this digital
artwork as NFT. Now a person named Vignesh,
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who is of Indian origin, bought it and bought
it here in fact. Now when he will sell it
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to someone ABC person, then 10% royalty will
go to the one who made it. Once if creator, Beeple.
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Once the creator is registered and he will continue to get Royalty whenever it is sold. And it will have a value
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addition for every time. If someone will buy
something for ₹ 500 crores, he will sell
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it for ₹ 600 crores for next time, or he
will sell for 1000 crores for next time. Then
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he will get Royalty for 10%, this is the concept.
Some people are saying that this concept is
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a bubble, that how you can sell Something
in so much money and it is online if you
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buy a painting then he takes it to the house.
It is digital. Now he will look into the phone.
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And some people now saying that this is a
tremendous concept, this is the future. What
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do you think, you will tell in the comment
below. Look that art is, This is something
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that no one can decide its value. People decide
its value. You do not like a painting, I also
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do not like it. But people are liking
that painting and if someone wants
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to give 10,000,000 rupees for that painting,
then we cannot stop him. That's why you will
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see that as many as art pieces, Their auction
takes place, then people are making music
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NFT in today's date, Creating NFT of videos.
In Fact, the shot of baseball players that is
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done by people, they are also making NFT of
the shot, that we want to sell it. in fact,
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CEO of Twitter, Jack Dorsey, They
have sold their first tweet by making NFT
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for ₹ 180000000! Now it has been sold, that
tweet is in the public domain. How it gets
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sold, by a token. In the name of this token,
it will be sold, again and again, the token
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which you did not understand in starting.
It was that I can speak today, You can say
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that you are selling your NFT on the internet
and You will earn 10% royalty as many times it will sell
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Now some people are feeling that how can this
happen, sir, how can common people do this.
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Here, go on the internet, whatever information
is there for you. All of that is online.
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You put NFT marketplace on the
Internet, lots of websites will come before
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you, crypto.com will come in front of you.
OpenSea.io will come in front of you. You
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Open it, Open crypto.com here and you will
see that what people are selling here in the
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name of NFT, and if you have something unique
which is non-fungible, non-replaceable, so
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you can put it on the Internet by making it
your token. You can see that whatever people
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are doing and you can also sign in and you
see Someone is selling his artwork for $ 1500
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and similarly here at $ 350 and here at $ 500,
can you create something like this and the
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odd things are more popular. Again we explain
this concept. You put NFT Highest Bids on
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Google and you will see as I told you. The
artwork of Beepal, this is sold in 69 million,
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that artwork. Similarly, you see that jpg
has been sold. You see that GIF file. You
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have seen that GIF file of Cat, It is sold
for $ 500,000. Now you will say that who buy
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it for $ 500,000. But it is sold, Now they
will get 10% as the time it will sell. Similarly,
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you see this, see this. you see what is being
sold, I said that CEO of Twitter Jack Dorsey,
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his tweet has sold. Everything is been sold
on NFT and NFT is getting very very popular.
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Now I asked you what you think is a bubble
or it is the future, comment below. if you
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understood NFT. I would know if you will like
this video and share this video to make people
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understand. If you are watching videos on
YouTube then subscribe to it and click on the bell icon, if you are
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watching on Facebook then you follow us. I
will see you in the next video till the time
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you go self-made.
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