NFTs – If You Don’t Know, Now You Know | The Daily Social Distancing Show

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Published on April 8, 2021

NFTs, or nonfungible tokens, are a new craze breaking out in the world of cryptocurrency, but what are you actually buying? #DailyShow #TrevorNoah #NFTs

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119 comments

  • Ron Newcomb 2 weeks ago

    Entertaining BUT actually very helpful. Thank you!

    Reply
  • Pallav Prabhakar 2 weeks ago

    Once things go back to normal be I am gonna miss this crazy Trevor!

    Reply
  • Anish Vattappara 2 weeks ago

    Imagine if a emp went off destroying there computer and they had no back up lol

    Reply
  • Max Voltage Mining & Crypto 2 weeks ago

    Great video. Only one correction… Ethereum blockchain only accounts for 0.02% of the world’s power. Also, much of the mining is accomplished using renewable energy. If the world is trying to fix the last 0.02% of energy production in order to fix the climate change problem, then the world is in a much better place than it is right now.

    Reply
  • ezlyfe 2 weeks ago

    I dont get NFTs, do you own the rights to a video you bought? How can you be sure it’s authentic and not a copy? How can you stop ppl from making copies? Im still under 30 and I feel too old for this

    Reply
  • Ryan Grant Zero 2 weeks ago

    Snl explained this pretty well lol

    Reply
  • Mental Stamina 2 weeks ago

    IFPS – International Fluid Power Society is where the smart host NFTs. Decentralization is the future. Trevor was spreading big FUD at the end of this video.

    Reply
  • awang suhairey awang kelana 2 weeks ago

    economic explain had made a video on this topic if you are interested

    Reply
  • Kisha Miles 2 weeks ago

    Please don’t cut your hair when you go back on the set.

    Reply
  • Jon Dough 2 weeks ago

    I have a folded up piece of paper from some wandering guy, while I was on an Australian beach at night.
    It shows his representation of the creation of the universe.
    One of a kind.

    Lemme know. Lol.

    Reply
  • Nancy Brown 2 weeks ago

    Scam .

    Reply
  • Seraph Johansson 2 weeks ago

    Who buys this stuff?? I just don’t get this one. Weird.

    Reply
  • SailorMoon 2 weeks ago

    Market and demand. Eh…part of the economy creating new jobs etc… But is this new market patent? The BET industry is going to get creative…no worries…There are many sectors umbrella under the Art category that is part of the whole economy. I take it that you’re not a visual art person eh???

    Reply
  • Izzy B 2 weeks ago

    I’m selling a NFT of my not around dad. You as well as I don’t know his location but hey, 3 million dollars and you can own that experience!!!

    Reply
  • Stephanie Flynn 2 weeks ago

    This is all BS for more fools to be separated from their money. Am NOT impressed.

    Reply
  • TheDapperDolphin 2 weeks ago

    Sometimes artists can make money off this, but most of the time people are just making millions on art that other people created.

    Reply
  • Richie Vegas 2 weeks ago

    yep el scam Ola

    Reply
  • Elijah Rey Bautista 2 weeks ago

    I’m happy beeple got to make 69 mil off his hard work. Guy’s a machine when it comes to putting out masterpieces.

    Reply
  • William Breaux 2 weeks ago

    Sorry Trevor but SNL already taught me what an NFT is

    Reply
  • احمدرضا احمدی 2 weeks ago

    I there anyone else that still didn’t understand ?

    Reply
  • alluvial18 2 weeks ago

    Errrr, R. Kelly also had a video (If I could turn back time) where little pictures turned into one big picture of him….lol

    Reply
  • z.f. chicken 2 weeks ago

    here i m, in 3rd world country, wishing covid would just go away. like your last president. hehe

    Reply
  • Justin Harris 2 weeks ago

    I’m to old for this sh#@🤷🏾‍♂️.

    Reply
  • Jo DeBerry 2 weeks ago

    Why is Trevor the only host that hasn’t gone back to the studio?

    Reply
  • Matt Seremet 2 weeks ago

    There are alternative blockchains for NFTs that don’t require killing any polar bears. Might take a paw or two but not the whole bear!

    Reply
  • Zion Antoine 2 weeks ago

    NFTS is the convoluted and dumbest thing online ever

    Reply
  • Anand Bk 2 weeks ago

    Dude, get better informed about blockchain hey. Your assumptions towards the end are so……

    Reply
  • Sergio Nascimento Bordalo 2 weeks ago

    Are y-all a-gonna ku-razy!?

    Reply
  • Rao Venu 2 weeks ago

    NFTs make sense in a certain context. For e.g., if you want to have a digital record that you own your car / car registration / house. So if it is tied to a physical asset whose title you don’t have to carry around to prove ownership.
    But I don’t understand the ways it is being used currently for e.g., owning the NFT on Jack Dorsey’s first tweet. That tweet is authored by Jack Dorsey, hosted on twitter but somehow you own it? So what does ownership even mean then when it is associated with a digital asset which can be copied (like a song /video)?

    Reply
  • Tyretes 2 weeks ago

    did i hear trevor said 69?

    Reply
  • MrSpikegee 2 weeks ago

    The last part about loosing a NFT over a faulty server is totally wrong, else cryptocurrencies would not exist. The blockchain is a decentralized technology, that’s why.

    Reply
  • Obi-Wan Kenobi 2 weeks ago

    a

    Reply
  • BaiNotBye 2 weeks ago

    The best 21st Century grift. Periodt

    Reply
  • Ashraf Saad 2 weeks ago

    That’s old news. Check out bit cloud. Another insane trend

    Reply
  • Pat Levy 2 weeks ago

    🤣😆😂😆Trevor is just too much🤣

    Reply
  • Sisco Hollard 2 weeks ago

    This was a bad segment, full of partial facts, very misleading and overemphasizing the risk, also if you’re concerned by the energy consumption look up Proof of Stake (POS), operates on a fraction of the ETH blockchains energy

    Reply
  • oteng mahlala 2 weeks ago

    Future court cases are going to be a nightmare for judges with them NFTs..

    Reply
  • Turbolsvda9 2 weeks ago

    Dang man turn up the volume bro

    Reply
  • Bobby M 2 weeks ago

    The blockchain It’s not on a fcking server and it’s not destroying the climate. Ffs so much desinformation

    Reply
  • Jackson Bangs 2 weeks ago

    I am aparently so old from 1992 that I don’t see the value of a NFT. I am hanging on to my hard earnd money!

    Reply
  • Tamesha Kirkland 2 weeks ago

    Yeah, I’m still confused about NFTs 🤷🏾‍♀️

    Reply
  • Eric-Sean Jakoph 2 weeks ago

    I wish you would talk about the environmental damage done my NFTs.

    Reply
  • Robert W 2 weeks ago

    Just one push of a button and all that money and NFTs are gone.

    Reply
  • Med A. Ismail 2 weeks ago

    This show has turned into a youtube show and it’s sad.

    Reply
  • Micah Castorina 2 weeks ago

    Nice to see the mainstream getting some info, but the whole server going down and losing your NFT/Crypto is not true. Etherium would have to disappear for that to happen

    Reply
  • kashgarinn 2 weeks ago

    This is basically a digital version of the Rai stones from the island of Yap in Micronesia…

    Reply
  • Taneka C Craig 2 weeks ago

    Digging the fro! ❤

    Reply
  • I Shot My Boss 2 weeks ago

    Great. Trevor made a new fact meme format.

    Reply
  • amphathyst 2 weeks ago

    Another problem about nfts is that artist’s work on the internet can be turned into nfts without the artist’s consent

    Reply
  • Aminah Isra 2 weeks ago

    AmErican umans have gone crazy

    Reply
  • non·de ·script 2 weeks ago

    Scam
    Rich folks will buy then the server will magically go down and insurance will pay 3 times the original price on some thing that doesn’t even exist physically.

    Reply
  • TCBrison 2 weeks ago

    I don’t get this. One of the best things about the internet is that it’s all code, digital. You are able to copy and share all of the internet or coded cuz you can just copy the code. How is this so profitable/ why are people paying willing millions of dollars for this?
    Like with physical art like paintings it’s impossible to perfectly replicate it. But with digital art it can be replicated infinitely.

    Reply
  • Laqueta Hodge 2 weeks ago

    So…it’s basically like buying a star….

    Reply
  • JRNY Crypto 2 weeks ago

    ~W~~h~~a~~t~~s~~a~~p~~p
    +~~~1~~~7~~~3~~~4~~~2~~~7~~~4~~~9~~~5~~~7~~~4✔✔….
    Do well let him know l referred you his strategies are top notch ✔️………..

    Reply
  • Erwin Patio 2 weeks ago

    Oceans 14 would be about a bunch of nerds hacking an NFT in their parent’s basement.

    Reply
  • Sandy Frank 2 weeks ago

    I still don’t understand

    Reply
  • Anonymous because I feel like it. 2 weeks ago

    This is one of the stupidest things ever.

    Reply
  • Pudumo Kegoratile Sehoole 2 weeks ago

    The rap segment has Roy Wood Jr written all over it.

    Reply
  • Bitcoin 2 weeks ago

    Thank for your comment, l will refer you to my trade analyst and………..

    Reply
  • Beth Wiggins 2 weeks ago

    What an idiotic waste of money!

    Reply
  • Janice Lee Ripley 2 weeks ago

    Can you insure NFTs?

    Reply
  • Erik H 2 weeks ago

    NTF’s definitely feel like there’s illegal money being moved with it

    Reply
  • Danny John 2 weeks ago

    Could we use some of that money to feed kids in africa… You know starving children

    Reply
  • roxylaa 2 weeks ago

    ……… WHAT?

    Reply
  • Andethidial bubabibub 2 weeks ago

    Why would you buy something that is for free xd

    Reply
  • Steven Lopez 2 weeks ago

    I feel like the people wasting that kind of money could be using it for a better purpose……….

    Reply
  • roxy 2 weeks ago

    If you don’t know, now you know, that you will never know

    Reply
  • Joshua Skei 2 weeks ago

    You can’t loss it! That’s what block chain protects.

    Reply
  • Unfortunately Evil 2 weeks ago

    Also, there is nothing stopping DogeFT from selling the same “ownership” to that official dunk to someone else.

    Reply
  • Marcus Lee 2 weeks ago

    Dynamite Mario impression

    Reply
  • Marq 2 weeks ago

    Not gonna lie, that Matt Gaetz joke was top-notch👌

    Reply
  • Flygirl fly 2 weeks ago

    NFT’s….sounds like a con, grift. My head hurts.

    Reply
  • Random Dude 2 weeks ago

    I love to have enough money to waste on NFTs. I would use it to do something sensible.

    Reply
  • Matthew Houston 2 weeks ago

    This is literally a new all time HIGH of stupidity.. I mean come ON ..quarantine is not that bad people SMH

    Reply
  • Harriette Jensen 2 weeks ago

    Some people just have too much money and too little sense.

    Reply
  • Jude Ankrah 2 weeks ago

    Seriously looking for that song. It’s a banger. Anyone knows the artist?

    Reply
  • B T 2 weeks ago

    Wait why is the rap song lowkey fire LOL

    Reply
  • Nancy Jenkins 2 weeks ago

    The point of NFTs is that they are pointless. Y’all could’ve donated that cash to my poor a**.

    Reply
  • Random Dude 2 weeks ago

    I have a gif of Thor shouting “Yes!”. $3M.

    Reply
  • MarGoLuv 2 weeks ago

    If people have enough money to pay for an “online gif or screen captures” than we should TAX THE RICH!

    Reply
  • Edward Blair 2 weeks ago

    And the worst part is that you can’t make a backup because that would defeat the whole purpose behind why you were willing to spend so much money on it in the first place. If it were possible to make a backup, then there would be no way to be sure that you own the original and were not sold someone else’s backup.

    Reply
  • Miguel Rodriguez 2 weeks ago

    All this proves is the financial system is a joke 😂. All these numbers could be used to do something practical like research for global warming and sustainability

    Reply
  • Nathaniel Hellerstein 2 weeks ago

    Anything digital can be replicated endlessly for free. The Web inherently makes money meaningless.

    Reply
  • Gusty Maat 2 weeks ago

    Are they federally insured? Lol

    Reply
  • Ezequiel Z 2 weeks ago

    Buying video and pictures are you serious there’s nothing like actually having it in your hands

    Reply
  • Artemisss1 2 weeks ago

    I can’t be too old at 26, already, can I? I don’t understand a single thing about this. It’s completely beyond me.

    Reply
  • Megan Malk 2 weeks ago

    I’m watching Trevor so I can know what is happening – and it hit me – I’m one of those grandmas trying to stay hip.

    Reply
  • Egooist 2 weeks ago

    Thanks! Now I know that I don’t care for NFT.

    Reply
  • Tanya Wade 2 weeks ago

    $69 mill for a painting, meanwhile ppl are starving in the world🤦🏽‍♀️.

    Reply
  • KelZ X 2 weeks ago

    Anybody else *STILL* confused? 😝

    Reply
  • agnobayis enalemis 2 weeks ago

    Geezus, people have a lot of money to spend out there..

    Reply
  • Victoria Winters 2 weeks ago

    But do you own the rights to the art? As in, can you produce it on liscened merchandise?

    Reply
  • Illuminate 2 weeks ago

    I thought NFT was non-sufficient funds transfer

    Reply
  • Fauler Perfektionist 2 weeks ago

    Oh. Yeah. I’ve got an NFT; an _extraordinarily_ rare NFT. It’s got footage of Trump accurately pronouncing the words “anonymous” and the “states” and personally playing the guitar at his oceanside resort in Arizona. It’s _quite_ rare.

    Reply
  • sxli3340 2 weeks ago

    ngf

    Reply
  • Beau33 2 weeks ago

    I hate rich people.!

    Reply
  • Calvin Chann 2 weeks ago

    It’s all vapourware.

    Reply
  • Awesome Sauce 2 weeks ago

    What’s that song??

    Reply
  • Snuffy Smif 2 weeks ago

    Meh… sounds like another tech-savvy, rich conman’s scam to me.

    Reply
  • Moses Matsepane 2 weeks ago

    The news outlet talking about servers going down has no idea of how the blockchain works. 😎 This is not a website from 1998 for crying out loud.

    Reply
  • Rozenque 2 weeks ago

    Why not just commission the artwork from the artist?

    Reply
  • BUIDL Baker Cameron Blaise 2 weeks ago

    I make ITEMs. NFTs are soooooo 90s

    Reply
  • Astrobum 2 weeks ago

    Trevor’s Youtube channel is getting better and better

    Reply
  • Anne Day 2 weeks ago

    The question I have is this : Who is plaiting Trevor’s hair every night to maintain the lushness of his fro? Who is detangling it for him? I’m just so in awe of how healthy it looks…

    Reply
  • K.J. Paasche 2 weeks ago

    Digital art is not true art; any computer or chimpanzee can make the same piece. Whoever paid all that money for an NFT is an idiot who has too much money with no taste in art.

    Reply
  • jamako 2 weeks ago

    Not gonna lie, I had to laugh at what the ‘experts’ were saying. That clearly were not experts. If the ‘website’ goes down, you do not lose your NFTs. That is not how blockchains work, not at all how they work. Sad to see that the Daily Show is pushing info this bad and obviously false.

    Reply
  • Chloe Easley 2 weeks ago

    This is ridiculous. Spending all that money or whatever on useless stuff. 😒I’d give anything to have a million dollars would change my life

    Reply
  • Nate G 2 weeks ago

    Oh, it’s a scam…

    Reply
  • Esteban Gallardo 2 weeks ago

    The whole thing about the Blockchain is that it’s replicated through thousands of computers across the world, it’s a decentralized network meaning there isn’t any centralized access point that hackers can exploit or if some of that computers are down there will be still thousands of copies.

    If you lose your private key, yes, you are going to lose control over what you have signed. It will still be signed in the Blockchain network but you won’t have any way to confirm that document is signed by your private key.

    Reply
  • _J u N_ 2 weeks ago

    He looks like the weekend ngl

    Reply
  • yaw mfoafo 2 weeks ago

    Trevor doesn’t wear pants, lol

    Reply
  • Illusive. 2 weeks ago

    In other words skip the nfts and buy ethereum

    Reply
  • CarmenN Cruz 2 weeks ago

    Another $cam. This time for rich people!

    Reply
  • Mugdorna 2 weeks ago

    I blame World of Warcraft, it all went downhill when people started paying for ingame stuff.

    Reply
  • Amanda Z Espinosa 2 weeks ago

    They didn’t even mention the art theft involved

    Reply
  • Derek Steed 2 weeks ago

    My head hurts after watching this.

    Reply
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    Reply
  • Gwen Walravens 2 weeks ago

    If you buy an NFT, you’re not buying the thing it points to, only the pointer. Let’s say you buy an NFT of the Mona Lisa, you won’t own the Mona Lisa or have reproduction rights. You only have the record history.

    Reply
  • frankthedsigner 2 weeks ago

    Ok, so this is not entirely true. Firstly with the new way of transacting NTFs is going to change the ball game as it will actually consume a ton less energy. Secondly there is a secure offline key you can buy to store your NTF on so it does not require an internet connection to retain what you’ve bought, like any crypto you might own. The false impression that you are giving that it lives on a server is not true. When you bought it, you have the key to prove you own it. No one can hold that key and it most certainly does not get stored on a server.

    Reply

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