*** On this video, we speak about NFT’s and the latest sale of the $70 million Beeple digital NFT murals. *** NFT’s have potential as collectibles, however it’s so speculative it’s NOT definitely worth the danger in my view. ***

E mail for Vintage/Collectible Consulting Companies: ReservedInvestments@gmail.com

Patreon: https://www.patreon.com/reservedinvestments

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SchrSc
1 month ago

11:55 Oh, that would actually be awesome. You also hit the nail on the head about it showing unique ownership, that's the value, we're not a traveling band of hippies, we understand property. But imagine instead of buying Pokemon cards it was an NFT 'booster pack' people could purchase that spat out random pokemon, then my collection of ethically questionable fighting animals would follow my wallet from game to game. Like maybe there's a card game version, then maybe I can also log into a VR stadium game and use my owned pokemons.
People would at least have population reports, there are already sites that track stats of NFTs.

Tino
3 months ago

do you think 'collectible' NFTs could be compared to the beanie baby bubble??

Clark Smith
6 months ago

In just under a year, NFTs already dropped 70% down in sales; worst investment possible. People need to subscribe to your channel and stop listening to Gary Vee. If any celebrity can sell a completely digitalized "investable" pixel for $17 Million and instantly beat out the top 1% of collectibles, something is wrong with this picture.

Bla Blaba
8 months ago

These NFTs are in my opinion no different from other items sold as ”limited edition collectibles”… in other words totally worthless. Are there any historical examples of items sold as ”limited edition collectibles” that actually went up in value?

Eugene Baldovino
8 months ago

NFTs… fans are not investing in the jpeg. 🙅‍♂️ They are investing in a verifiable relationship with the artist. Really think about that. 💡When you invest in a coin, comic book, or stock… you are investing in the product. With an NFT, you are investing in a relationship (verified on a blockchain). ❤️

ControllerDice
8 months ago

So NFTs are similar to Star Citizen?

PWheat23
8 months ago

These NFT's sound like they are in they same realm as virtual land. With the virtual land I own, I at least may be able to explore and build virtual buildings on it for others to visit in the future and interact with the individuals. As for the NFT's I was able to google a picture of something someone paid 70 million for. I am not knocking anyone investing in these, I just don't understand that market at all and what makes them so valuable.

mike pike
8 months ago

The 1% are acting out Brewsters Millions but instead of 30 millions its infinite millions so the only way is to buy fantasy garbage.

Looking forward to the bitcoin video :0

Al Marcel
8 months ago

Regarding NFT art and its detractors, sometimes it doesn't matter if you think something is foolish aslong as there's a market for it and you get in early enough to capitalize from it.

Al Marcel
8 months ago

Hey Shawn speaking of coins, just sold my 1887 Victoria £5 sov ms63 that I bought in 2020 for $4460
for $8300. Its a great coin to longterm hold but for now I'll need the cash for other things!

Paul Clairmont
8 months ago

This is a Mad-Mad world!! I have been in the collectibles market for 30+ years and I can't even believe that a digital asset is a thing. This is ridiculous! I can understand why the person who paid nearly $70 million wants to remain anonymous. It's certainly not because he or she is a savvy investor. It's because they are completely unhinged from how the real world functions and I'm pretty sure they live in a world where they are so utterly rich they most likely didn't actually work to attain that level of wealth but were born into that life. The collectibles world is an interesting window in the human psyche and in 2021 these types of examples show how utterly deranged people are becoming for material things. I sell higher end collectibles from comics, sports cards and Pokemon and collectors always ask what they should jump into. I tell them all… at this present time…don't even start buying. Just wait, this will collapse. As an example. Many of these collectors entering the market are too young to remember the over-drive hype of the early 1990's sports card craze and how expensive new product being released started to become and how much of it was being manufactured at a time when the internet was not even readily available to shop and see the true amount of "land fill" quality material that was being produced. A word of caution…. nothing is scarce or limited and especially in this current 2021 market place. Vintage will always be the safer bet. But people buying up sealed product of heavily manufactured new product will be hurting. They may not want to believe it being they have too much vested in it to see the reality of economics. This phase will not last forever and I will guarantee it… PHEW! I got off topic with that rant. Good video as always Shawn!! Keep it up !!!

Bassgod 14
8 months ago

I have a small channel and would love on my show… Hey if you don't ask you never know..

801 pel
8 months ago

AT PRESENT TIME

WilliamsGoldAndDiamonds

I think this is a dot com type of thing that is going on.. BUT we shouldn't underestimate how many timmy's are actually out there and gen z may be gen timmy.. so with that logic one might have to be bullish on shitcoin.

curious youtuber
8 months ago

current flock of retail """investors""" exclusively specialize on worthless stuff – hertz, kodak, tesla, gamestop, random crypto """"currencies:"""" and now nfts. much worse than the dotcom bubble. will enjoy the world burn and all these lemmings lose all their money and more.

Zachary Doebler
8 months ago

Hell yeah this channel exposed me to various concepts. Thanks Shawn

Peter G
8 months ago

the marketplace for NBA Top Shot does seem over priced. However if you can get the packs (which are sold out) it seems these are reasonably priced and people like them, so I just don’t see a problem with this new class of collectable. It’s the crazy prices on the secondary market that are problematic. Also Dapper Labs is not fly by night. They have a very good startup in canada w top engineers that already made and learned from cryptokitties

Stephen Harris
8 months ago

I'm a proponent of bitcoin, all be it, it needs to evolve to be what it was intended to be, but it can. A lot of NFTs are just silly. All your paying for a unique identifier, if the asset linked to it can be identically duplicated infinitely and you don't have any other rights it's a bit silly. If they are linked to a physical item or you get some exclusive rights over the asset then it maybe has a value. But the $69 m artwork doesn't have any of these. But this artwork is a bit like the emperors new clothes, but if enough people by into it, it has value, pretty much like every collectable.

Brass Cupholder
8 months ago

Hearing reports of stolen NFTs on Nifty Gateway.

Unknown User
8 months ago

I unterstand Why crypto currencys are a thing , but i dont See a Long Term Future for nfts, this Seems so dumb to me, ofc you Could say to me well crypto is basically the same, but i can buy a Tesla with bitcoin, but a Virtual picture/Video LOL ( i mean for some Things it Could make Sense, like for Example buing the rights to famous movie scenes but other then that it Makes no Sense to me at all)

panthar1
8 months ago

NFT's might make crypto more "mainstream", but, let me state that, I have followed BTC since it was ~10 dollars a coin, no joke. It was big news when its market cap 1 billion in the tech community. It took me some years to accept it myself, but, after seeing it crash and return to new highs many many times, I don't think your going to convince me it has no staying power and applicability to many different industries as the technologies evolve. I will agree that it's speculative, much like the early days of the internet, and I agree it's risky investment because of that, since there will be some winners, and a lot of losers. But, the technology is here to stay, and it will continue to find uses everywhere as the years go on.

The biggest problem right now, is that trading crypto is a taxable event, so it's hard to use it as "money", but, blockchain is much larger then that. That will not stop the economy of blockchains/coins and value those coins will have to changing industries, that is already happening. I am not certain BTC will be the reserve currency of the cryptospace, but so far, we value things relative to bitcoin.

Collectors Impact
8 months ago

NFTs feel extremely scamtastic. I really hope your prediction about wizards of the coast making NFT products one day doesn't come to fruition. I'd never in a million years invest in NFT Magic cards.

snethss
8 months ago

perfect timing. i was going to ask you about NFT's in your next Q&A. glad you jumped on this early. I think artists will be pushing NFT's pretty hard as they can get revenue every time it is resold.

CatsMeowPaw
8 months ago

I can't help but feel the future will be in virtual assets. Virtual this, digital that. And one day… we wake up and think 'oh, hang on, I don't really own anything', and these assets will crash, and everyone will run to the government for a massive bailout. I hope whoever is running the government that day is smart enough to say 'no you idiots, it's your fault you bought these things'.

medisand
8 months ago

We are in a time period where people would invest in anything if they thought it would increase in value

unstoppableExodia
8 months ago

Yeah if I had 69 million burning a hole in my pocket I’d rather use it to get a Rembrandt or a Jackson pollack over a jpeg authenticated by blockchain technology. If I brought a lady to my place or any guest to my home they’d be wowed by a valuable piece of fine art on my wall while a jpeg that I have the rights to would just be a head scratcher. I think ColdFusion was right in his video about this when he likened this craze for NFT’s like the dot com bubble. There’s a market mania and rich people can sense the potential and want to buy up everything that might carry that potential before the market corrects and the ones that go on to become Titans can emerge from the ashes

Lee Haskins
8 months ago

agree very much with your thoughts. Alot of people will get hurt in the NFT collectables and to me the sad part is they may remove themselves completley fromt he collectables which would include the real thing… physical collectables. Which is where they should have been in the first place and enjoy a long term investment and fun factor that it brings 🙂

thereaintnojusti
8 months ago

You should sign the note in the background.

EN KUO
8 months ago

"You know, I know this steak doesn't exist. I know that when I put it in my mouth, the Matrix is telling my brain that it is juicy and delicious. After nine years, you know what I realize?" "Ignorance is bliss….."

larry smith
8 months ago

NFT's are a joke, don't get played, I hear its near imposable to get your money out of one. When buying sports cards only buy already graded cards of GOAT's that are numbered. Billionaires are not ahead of the wave, they are creating the wave. their target is the stupid millionaires, actors, the rich and famous, CEO's ect. Try hard to get into a job you love, pay off your house with your profits, and semi retire as early as you can.

larry smith
8 months ago

Free people living in free countries will never understand bitcoin.

larry smith
8 months ago

Bitcoin wont go away for the same reason it was created, to give those a way to hide/transport their money when leaving a communist type country that keeps all your assets and kicks you in the ass on your way out, if you make it alive.

larry smith
8 months ago

I love this message.

happy b
8 months ago

We are no doubt in NFT mania at the moment, but that doesn’t mean than NFTs aren’t here to stay. They do hold intellectual value, like patents and other forms of IP, so they aren’t absolutely worthless; tho physical collectibles can consist of both intellectual and physical craftsmanship. E=mc^2 – in some contexts NFTs will be superior (ex: portability), tho in other respects will be inferior to their physical counterparts — this is going to be a huge development in the long-term history of the collectibles market.

brandon smith
8 months ago

NBA has this with moment clips or something

Blitzkrieg
8 months ago

Hell NO I wouldn't pay $2500 for a digitized image of a coin! Bitcoin is much better.

The Herbalist Gamer
8 months ago

Overpriced and overhyped but the technology is legit and I definitely see the future potential. Great video!

Nathan Bearden
8 months ago

Do you have a discord or anything? I’ve made some money this year selling/flipping topshot and modern basketball cards and wanted to learn more about graded video games. I’m not looking to flip I just think having a graded copy of my favorite games would be cool.

King_Ghidra
8 months ago

Im no millionaire, I rather go the path that has already been treaded to move up in life. I have flipped top shot in small amounts mainly because friends have told me its easy to make a buck. But on a surface level I know nothing about it and just looks like something I could lose big on. But i do like looking at what is happening to the market since it seems like it will be a nice piece of history

PatienceZero
8 months ago

The one down vote…..momma's basement dweller who has become organically integrated into his gaming chair and console, being tube-fed pureed pizza and donuts!

Matthew Randall
8 months ago

I was of the exact same mindset up until a month ago. Learning more about VR's projected progress, and valve working on suppressing the vertigo issue for a fair few users, I can see where value is added to NFTs.
Entering into a globally connected virtual reality with a full stock of NFTs would definitely appeal to those who subscribe to the VR mentality.
I do not subscribe to the VR ideology but I will make money off of those who do.

John Smith
8 months ago

I understand you Shawn, the risk right now but NFT is really good for artists, is a great way to protect art pieces. I'm creating a NFT, smart contract etc for a friend that is an artist. He explain me how the NFT can resolve a lot of his actual problems with his pieces of art.

Marc S
8 months ago

Wave of the future, speculative or not. We've actually had a small sampling of how collectibles are evolving, including digitizing physical ones. In order to officially call a physical collectable authentic, it needs to be officially documented thru third party grading or any officiating party. Then it gets tagged with a unique label and a cert to say it is real. Some may lock it up in a vault and only have certs to say they own something. Replicas are out there too along with natural disasters. With NFTs it offers instant, hassle free, secure and transparent ownership. 11 years later, bitcoin still getting hate. Yet it continues to climb with or without speculative labels.

mrmovieprop
8 months ago

An NFT based on original artwork should have value if the original is destroyed so its like the only record of it. Also for commercial marketing purposes if the artwork can be used to sell things or promote things. But thats more exclusive royalty free artwork value range not the prices discussed. Now if it was as part of a fractional ownership scheme where more than one digital copy is out there to go along with the fractional ownership and a vote in how the artwork is displayed or any revenue it can generate that would be different. This would be like a digital currency based by something.

On things like bitcoin and block chain technology the real potential is in disrupting the credit card and bank processing fee structure. If a block chain like system can be used instead of credit card processing companies for a small cost per transaction it would change things. Imagine if all retail stores could pay a few cents per debit transactions versus 12 cents or what not. I would say the potential to disrupt the lucrative credit card processing system that costs potentially 1.8 to 3 percent or more per transaction would totally transform the economy. But the credit card system does provide protection against fraud that would be hard to mirror via a low cost block chain technology alone. But if one can figure out traditional anti fraud systems it could be a viable low cost alternative to traditional credit card processing systems. Some physical stores I have been in take paypal so a new payment system could be worked out of the technology potentially.

But just imagine if Walmart and Grocery stores could get rid of 2 percent credit card transaction fees and replace that with a 5 cent block chain technology system of purchased bitcoin type things. That would totally change the world. Would increase net profit margins of grocery stores and stores like walmart by 50 percent to 100 percent on the transactions that are credit card based. Perhaps this compared with some sort of anti fraud insurance separate from the processing tech might evolve.

turbomodegames
8 months ago

One of the few real ones on YouTube. Great content as always.