Are NFTs a Scam? | Understanding the cryptocurrency craze

In this video, we will explore why the hype around NFTs is looking more and more like a stock bubble. We’ll tell you about the origins of NFTs - do you remember Alex Tew’s pixel website? Or how about Cryptokitties? We’ll fill you in on the details of NFT art, such as who buys it, the cost of the NFT of the very first tweet ever and what to expect from governments in the field of market regulation. And, for the cherry on the top, we’ll try to analyse a new direction in the NFT- move-to-earn market. Who are the guys from the Australian startup Stepn, how can virtual sneakers make you rich and why in fact is the average player is still in the red? Sound interesting? Then get on and watch the video! Timecodes 00:00 NFTs are a scam 00:24 Explaining the history - Pixels and Cryptokitties 06:37 NFT-Art Wave 7:50 Three main categories of buyers 8:22 What was the very first tweet worth? 11:36 What are the new NFTs and what is Move-to-Earn? 15:30 NFTs Scam predecessor - genius Charles Ponzi 17:31 - Bill Gates vs The Industry with a turnover of $ 22 billion Sumsub — empowering compliance and anti-fraud teams to fight money laundering, terrorist financing, and online fraud. More about us: https://sumsub.com https://www.youtube.com/channel/UCSh2ew90LSmi5_101c14JLQ https://twitter.com/Sumsubcom https://ift.tt/yEIb6kr https://ift.tt/0bECvhT #nfts #nft #nftscam #sumsub #nftsexplained
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