π£ Banksy to become 10,000 NFTs? $12.9 Million Sotheby's piece sold for crypto on blockchain
London Real
Brian Rose
4.4 β’ 1.9K Ratings
ποΈ 10 December 2021
β±οΈ 3 minutes
ποΈ Recording | iTunes | RSS
π§ΎοΈ Download transcript
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π The DeFi Academy:Β https://londonreal.tv/defi
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| 0:00.0 | So Banksy will soon become an NFT. Yes, Banksy, the renowned British graffiti artist whose incredible productions are actually on the walls right around here in shortage where we broadcast from, is going to soon be part of NFT space, which is non-fungible tokens, a correction actually. |
| 0:21.0 | One of the Banksy's will soon be 10,000 NFTs because one of his pieces that was auctioned for $12.9 million at Christie's is going to be split into 10,000 different pieces of that one piece of art, thanks to a company called Particle and sold off to where potentially we can all own a Banksy or part of a Banksy. |
| 0:45.0 | Now you're probably looking at me thinking, Brian, this market's gotten weird and it doesn't make sense. I can barely understand NFTs, let alone 110,000 of a piece of art that's an NFT. |
| 0:57.0 | But this is what's beautiful about the crypto asset space, the metaverse, the future of value exchanges as humans because NFTs or non-fungible tokens are here to stay. |
| 1:09.0 | It's a way where we can actually trace and trade art on the blockchain. And what we're discovering is that humans value art in this way, in a way that we never found predictable before. |
| 1:22.0 | My recent guest, Justin Sun of Tron Networks, just spent $15 million on a board ape. Yes, it's a picture of an ape and he owns it now for $15 million. |
| 1:34.0 | And the crazy thing is, is Justin's probably going to sell it at a profit when he wants to one day because there's scarcity, there's utility, and there's value. |
| 1:44.0 | I learned this firsthand when I gave my 17-year-old daughter Gabby an NFT. I gifted it to her and I'm telling you, I became the coolest dad in the world for about a day. |
| 1:55.0 | I got more value out of that NFT than I could have by buying her a brand new car because she thought that was cool and fun and valuable and interactive. |
| 2:05.0 | She could show it to her friends, she had ownership of it, she could sell it on, she could prove it existed. |
| 2:11.0 | And these are some of the fascinating concepts that are built into NFTs and it's why this isn't just a craze, this isn't a bubble. |
| 2:18.0 | This is here to stay. Yes, there's a lot of risky plays, there's a lot of NFT assets that will end up being worth nothing. |
| 2:25.0 | But there's something real here and it connects us to who we are as humans and it plays into crypto, to decentralized finance, to gaming in an all interconnected way. |
| 2:35.0 | And I'm learning this every single day on London Real when I talk to some of the experts, I'm teaching this to my students and the DeFi Academy and I want you to be aware with this. |
| 2:43.0 | But I want to hear from you, leave me your comments below, tell me do you think NFTs are a bubble or a trend? |
| 2:49.0 | Would you buy one ten thousandth of a Banksy piece of art? |
| 2:52.0 | Leave me your comments below, tell me what you think and let's continue this conversation. |
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