before we grab those magic mushrooms we need some game rules i am no financial advisor clearly i mean two financial advisors dressed like this that means that nothing in this video is financial advice purely for your education see for those new here bonjourno i am super guy the main character over here at the coin bureau here we are on a quest to conquer the crypto market everything from news to reviews and coin overviews we cover it right here so if you would like to join my crypto familia you can do so by jumping on the subscribe button make sure to ping the bell as well to make sure you get a notification the moment we're ready for a new quest you don't want it falling through the cracks huh finally look down at the video timeline is broken up into different chapters so you can easily hop around different sections of the video however skipping any levels this nor was super guy would recommend alright it's a time to start this nft collecting game viva apologies to any italians watching now i assume that most of you will know exactly what an nft is at this stage if you don't here is the quick tldr an nft is a non-fungible token a unique digital asset that is issued on a blockchain and holds the following characteristics it's permanent it cannot be replicated it cannot be counterfeited and the owner can prove that they do in fact own it now there are a number of different nft types out there these range from digital art to music domain names to sports events now i've covered nfts on numerous occasions the first of which was over a year ago so i encourage you to watch some of my earlier videos if you want more information on the sector now that being said one of those nft sectors that i'm dying to dive into is the crypto collectible one these are the ones that have been grabbing all the headlines recently and baffling a good many people these collectibles can be considered as being like baseball cards on a blockchain essentially they are unique collectible images that have been minted mostly on the ethereum blockchain as an nft each of these images are unique and they contain certain characteristics some of these characteristics are shared with other images some of them are only shared with a limited few the prevalence of these characteristics in the population of images in the collection determines the value so you can think of it as akin to those sports trading cards we had as kids the rarer the qualities of the card the more valuable some of the characters on the cards shared characteristics and features with the others however those that had the combination of the most rare elements were the most valuable and consequently came with the highest prices anyways when it comes to cryptocollectible nfts there is much larger scope for developing these unique images they use a randomized algorithm to incorporate certain elements in the creation of these nfts statistically some are more likely to have the most common elements whereas only a few are likely to incorporate the rarer elements you can think of it as akin to a pokemon character or your favorite baseball or football star and breaking them down into various unique components these components could be strength dexterity stamina defense offense etc etc these qualities are then placed in a randomized mixer jumbled around and then pulled out of the mixer as a unique collectible rinse and repeat for all of those that you
START_INTERACTION_TOKEN before we grab those magic mushrooms we need some game rules i am no financial advisor clearly i mean two financial advisors dressed like this that means that nothing in this video is financial advice purely for your education see for those new here bonjourno i am super guy the main character over here at the coin bureau here we are on a quest to conquer the crypto market everything from news to reviews and coin overviews we cover it right here so if you would like to join my crypto familia you can do so by jumping on the subscribe button make sure to ping the bell as well to make sure you get a notification the moment we're ready for a new quest you don't want it falling through the cracks huh finally look down at the video timeline is broken up into different chapters so you can easily hop around different sections of the video however skipping any levels this nor was super guy would recommend alright it's a time to start this nft collecting game viva END_INTERACTION_TOKEN