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Are NFTs Worth Your Money? | The Daily Show - YouTube
Channel: The Daily Show with Trevor Noah
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nft nft nft nfts
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they're non-fungal toenails or naked
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flag tricks
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or non-fungible tokens whatever they are
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everyone is talking about it what is
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this new system where digital only
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products are bought and sold
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the painted work by the robot known as
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sofia
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sold for 700 000 at auction
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a robot painting worth 700 000
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that's definitely a scam to find out
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exactly how the tech bros are screwing
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us this time
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i spoke to the top tech bro nah it's not
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a scam it's the real deal
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you can you can really make some money
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definitely with nfts
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because you said so yes look mark
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just level with me here okay is this
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like the mavericks where you got stuck
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with nfts and now you're just trying to
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convince everyone that it's cool
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for real ronnie nfts are really a game
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changer
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i can issue an nft to allow you to have
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ownership in my house
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i can issue an nft to allow you to have
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ownership in that trophy behind me you
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can spend
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25 50 100 on great collectible art
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this stuff is just starting it's going
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to get bigger
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and bigger and bigger as more people
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understand it become comfortable with it
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i don't know what the [聽__聽] it is
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it's just it's just a simple way to own
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things what i really admire is how
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you've taken something really simple
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that people understood
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and replaced it with something super
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complicated and it's going to make you
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even more rich
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bravo ronnie
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look if you go into nfts don't do it to
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speculate
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don't buy something because you think
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it's going to be worth millions of
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dollars
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buy something because you want to
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collect it and if you really truly like
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it
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then it's worth it the cube had me
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convinced it's time to buy
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nft odd but should i start with a gif a
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song by trevor's cool twin
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or pyro girl meme or i could pick up
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some work by one of the stars of this
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new scene
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digital artist people the technology is
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actually quite simple you basically just
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upload a video
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and you can just make an energy out of
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any video any picture
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any sound anything you want wow great
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but how much can you realistically make
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off this
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i sold a jpeg of that was a compilation
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of the last 13 years of work that i did
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and that just sold at christie's for 69
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million dollars
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making me the third
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third most expensive living artist what
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holy [聽__聽] this dude raked in 69 million
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dollars on an nft of one jpeg
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this must be some mona lisa level
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artwork okay you know what can you just
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show me this art
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that you're talking about okay so here's
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the piece that i sold
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this was the first picture that i did
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it's a drawing of my uncle jim
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and this down here is the absolute last
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picture
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it's uh a bunch of weird stuff drawn by
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a fully
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adult man pervert yeah that's a real
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inspirational message keep being a weird
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pervert and
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eventually if you don't get arrested you
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might make 69 million dollars
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and it turns out people's art only gets
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more mature
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from there so the mickey thing is sort
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of imagining if
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everybody wanted to drink milk from this
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weird robot mickey thing um because it
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they put
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super addictive properties into it so
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people were kind of
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a bit cracked out trying to get this
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mickey mouse okay look i don't know
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much about art but that looks like
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something
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someone who knows about art would say is
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not odd
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ah yeah but what do i know
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maybe you know the critic jerry saltz
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could help me appreciate the true value
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of people's work
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what you're seeing is pure crapola
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they're just stupid cartooning
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unoriginal
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bro high school notebook blah
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it's also sold for 69 million dollars so
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how do you reconcile
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your personal opinion with the fact that
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he is now super rich
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well art has always loved sleeping with
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money and
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money loves having sex with art but in
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this case it's more like the
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69 right it's like a dick waving contest
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at auctions you see white guys bidding
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up other white guys until you know
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they bring home the trophy the next tech
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bro will want to pay 70 million dollars
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to own the same looking thing but i
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promise you
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all of them are gonna lose money except
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for you know that four or five percent
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and that's what america is all about if
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the price of making money is you jerry's
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[聽__聽] on it
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i think that's a price i'm willing to
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pay my instincts were right as always
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nfts are definitely a scam which means
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i had one last question for people look
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i have to get on board okay if i don't
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get in on this i'm gonna hate myself
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forever
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1 000 can't lose great so can you lend
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me some money to get in on this
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um no
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so can i take a photo of your artwork
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that you just sold
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and make an nft out of that you could it
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probably will not sell for very much
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we'll see about that my public friends
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yes we will
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you
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