Kids React To NFTs! | Kids REACT


– It'' s just a pet cat with a Pop-Tart on its back with a rainbow appearing of its butt. (laughs) – (React) So, do you think it'' s worth half a million bucks?- No. ♪ (spirited introductory )♪- Logan Paul. I see why he got among these. He ' s type of a no-brainer. But Snoop Dogg? No! Why would certainly Snoop purchase that ?!-( man )Why are these anime apes so pricey?- (anchor )Currently, to the most recent trend that ' s sweeping the internet.
– (anchor 2) … supposed NFT. – (anchor 3) They'' re now offering for HUGE bucks. – (support 4) $69 million.
– Oh my god. – “” Non-fungible token.””.
I put on'' t understand what the “word “fungible”” means.
– NFT represents “” non-figible token.”” – Non-tokenable something? (laughs).
– They'' re a little strange, if you ask me.
– And also this is where people obtain puzzled,.
but all non-fungible methods is that it'' s distinct, distinctive,.
as well as can not be interchanged.Yes, I do understand that.

-( Amara )Let ' s use
the Mona Lisa as'an instance. As most of us understand, the Mona Lisa. is an one-of-a-kind art item.
And also envision you own. the NFT Mona Lisa.
You have the digital deed. which shows that you are the rightful owner. of this NFT Mona Lisa.
Which electronic deed … -Okay.-( Amara) …
is known. as a clever contract. – (React) Is it making sense?
– No. (laughs) – No. (snickers).
– (Amara) And that is why even if other individuals.
screenshot this, if other individuals attempt.
to right-click, conserve, at the end of the day,.
you are the only one that has this electronic action. Which digital act offers you permit to sell.
– You'' re the only one who owns it,.
like no one else does. – If you have a smart agreement,.
that suggests you can market it. – So, it'' s simply points. that are online.
– (React) Exactly.- Yeah.- They ' re simply points. that are on the internet that people are now purchasing the legal rights to.-( man )Could you explain NFTs to me, however in a basic method?
'' Reason I wear ' t obtain it. -( Gary) You play video games? – (guy) Yes. -( Gary) Have you ever purchased. skins or virtual things for your video game?- (male) Yeah'. – (Gary) That ' s an NFT.-( React )Have you?- Yes. -I possess skins on Minecraft.- That type of 'relates to me ' reason I really play that game.
– You can get something online to identify your character.
on Fortnite? – (React) NFTs,.
or non-fungible symbols, are basically pictures. They can be GIFs, appears, essentially anything that lives.
or exists online that you can really acquire. So, it'' s kind of like art that you would see in a museum,.
or as she stated, like a Mona Lisa. A person owns the Mona Lisa.
– Okay. – (React) A person owns the art.
in a museum.We can likewise

look at it,.
yet they'' re just individual who possesses it. Which suggests that they can market it.
– Okay. So, I understand. – If you possess the Mona Lisa,.
every person can take photos of it, yet you'' re still the owner of it.
– (React) These photos of apes become part of a collection of NFTs.
called the Bored Ape Yacht Club. – Okay. Yes.
– (React) Mm-hmm. Currently, these are some.
of one of the most costly Bored Apes that you can purchase. So, check out how much these expense. This set costs $44 million.
– If I can pass out on hint, I would have.
– It'' s like a rip-off just to own it when you could. simply take a picture of it.
-( React) So, these ones,.
you ' ll notice, are a little bit less costly. than the other ones. -( uncertain) Uh-huh,'very affordable. That ' s ludicrous.( laughs )-( React) Why do you think. a few of these apes are more costly than others?
– Occasionally, people charge people for just how much time it takes. So, possibly this didn'' t take as much time to shade,. draw, or paint.- Maybe it was attracted. by a well-known artist?- Due to the fact that they ' re among

a kind.
– I ' m gon na have to go. with individuals are foolish.
-( React )Several of individuals. that own Bored Apes are Justin Bieber, KSI, DJ Khaled, Logan Paul,.
Snoop Dogg, as well as a lot more well-known individuals possess these.
– Snoop Dogg. – (React) Why do you think.
that these renowned people are buying these monkeys?
– To sell them and also obtain more money? (laughes).
( polite applause) – All of them.
are really abundant stars, so they can get them.
– They are a lot more recognized. If they both something like that,.
they'' ll obtain a great deal of focus. – (Jack) When you own an ape,.
it'' s your ticket right into the Personal Yacht Club.
and gives you member-only advantages. – Oh.
– (Jack) You can join their private group chat,.
obtain access to a mutant variation of your ape that'' s worth. tens of countless dollars. And of training course, you obtain a welcome. to Ape Week …- Oh.- (Jack )… which is a week-long event that has an event on, you guessed it …
– I desire in. – (Jack) … a private yacht.
– You obtain a yacht? Or you hop on a private yacht?
– (React) You obtain to most likely to an event on a yacht.
– I might most likely just acquire that yacht with the quantity I bought the ape for.
– I see why Snoop Dogg got one.

– I put on'' t believe
it ' s worth it.- Eh. I would certainly like to have a yack, yet still not worth
it.- That ' s a whole lot of cash for simply an image and some.
group chats as well as to take place a luxury yacht. – (React) Still not worth it? You still wouldn'' t–. – You just take place a cruise. – (React )Yeah, just go. on a cruise ship,'best ?!
– And I can guarantee you that ' s over. 10 times cheaper than this. -( React) All right, so like I said,. a great deal of people are getting involved in getting these NFTs,.
yet it'' s actually not simply for grownups or for rich, famous individuals. There are really kids like you that are making a great deal of cash.
marketing NFTs. – That'' s insane.-( storyteller )This 12-year-old made $4 million selling NFTs.
– (laughs) – (React) Just how old are you?
– 12. – So, I could literally just draw.
a photo and sell it for a million bucks? That feels like simple cash. – (narrator) She made a collection.
called the Long Neckie Ladies. She had the ability to sell.
about 962 Ethereum. 962 Ethereum has to do with $4 million. – So, you get it with Ethereum, and afterwards later,.
you convert that into cash.

– Making a million dollars.
for attracting. – (React) Do you assume.
that you could do something like that? – No. I wear'' t think it would certainly be. adequate for people to purchase for that much cash. (laughes).
– I'' m not actually good with computer illustration,.
so you know. Maybe I'' ll just upload.
my image onto the computer. – (React) And market it? – She'' s 12 years of ages.
with $4 million. I would certainly purchase a castle.
in Scotland. (snickers) – (React) All right, so since you.
kind of understand NFTs a bit, allow'' s take an appearance.
at what various other NFTs are out there. – Christie. – Noise kind of like.
a Picture Dragons song.

– Spacey.
– You tip within, and also you begin walking? Well, no, that'' s not an actual individual.- It appears like a robot. astronaut thingy anime. (laughes) – (React) So, this is.
a video clip sculpture piece, and it'' s by one. of the most well-known NFT musicians. – Who?
– (React) His name is Beeple. – Beeple.
– (React) Mm-hmm. – I like that name.
– (React) So, that video offered for $29 million.
– State what now? (laughes) – It looks cool. However I can actually simply view it. I wear'' t need to acquire
it.- Oh yep, I'' ve seen these ones. My brother has it.
– Oh, that'' s pixel art. – He looks like a monkey.
– It'' s like a zombie or something.

– That looks like I could.
make that in two secs. – (React) So, this'' s. from the CryptoPunk collection. -Yeah, I'' ve become aware of it.
– The CryptoPunk collection. Okay. – $11.8 million?
– Whoa. I can actually spend for college.
– Who in their ideal mind would such as that ?!
– Woman Gaga? (laughs) – That is the creepiest point.
I'' ve ever before seen.- Wha– it ' s simply–. -( React) It ' s just a GIF.
So, that one is called. the Right-Click and Save As Man.- Right-Click and also Save.
– (React) This little joke marketed for $7 million.
– It'' s not reasonable due to the fact that primarily,.
you need to acquire NFTs to in fact have '' em.- I'wear ' t assume I ' ll ever before buy that in my whole life. – Ah!-( React )Do you acknowledge that person?
– His name is– he'' s from

a program.- Home … Homer Pepe?- Homer Simpson developing into a frog. (chuckles).
I believe I'' ve seen him previously. – A Pokemon or a Magic card.
– A Homer Pepe Pokemon NFT. – (React) Specifically, yes! That'' s what this is! ♪ Nyan nyan nyan nyan ♪. ♪ Nyan nyan nyan nyan nyan nyan ♪- Wait, that'' s an NFT? – I saw this.- That ' s the Nyan
Pet cat!- Why would certainly individuals want that? – (React) I don'' t recognize,. yet somebody paid nearly half a million bucks.
for that, for Nyan Feline. – Year of Farts,.
Master Collection. – “” One fiscal year.
of recorded farts.”” Hm?
– I'' m glad I can ' t hear anything. Oh, god. No–.
– (fart sound) – No! No! NOOOOO! (laughs).
– (giggling calmly) – (fart noises).
– (chuckles) – No! The length of time does this go on for? – (React) A team of pals.
market their taped farts as NFTs.
– (snickers) – These individuals are crazy nowadays!
– That'' s gon na be the new Rick roll.That '

s gon na be the new Rick roll.
– (React) So, Austin, do you believe that NFTs.
are a great suggestion? – No. They'' re simply a little–.
type of a rip-off? – Some of them are great. Several of them are bad. A few of '' em,. a great deal of individuals have, as well as you don ' t actually. want those.
The various other one of those. are really epic and also few people have,.
so you want those as well. – You really feel a lot more happy.
if you have an image that you made,.
not another person'' s image. Unless it'' s so useful,. lost from background! Apart from that,.
I wouldn'' t treatment. – Thanks for viewing.
this episode of Kids React. – Sign up for our channel.
for brand-new videos. – Would certainly you acquire any kind of.
of these NFTs? Let us recognize in the remarks.
– Bye. – Bye! Yes.
– (React) Okay, why? – '' Reason you get to take place a luxury yacht.
as well as get invited to the Ape Club and get invited to Ape Week! Therefore numerous factors!

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