What the hell is nft

What the Hell Is ‘Right-Clicker Mentality’?

Every new subculture eventually develops its own language, and the people buying and selling NFTs are no different.

The blockchain scene is full of crypto-heads spouting phrases like WAGMI (we are going to make it), cope, and GM (good morning). Sometimes a subculture will produce a new phrase or buzzword so beautiful it gets adopted by the wider culture. So it is with “right-clicker mentality.”

An NFT-bro using the phrase “right-clicker mentality” went viral on October 26 on Twitter while talking about Salt Bae. If you aren’t familiar, Salt Bae is a Turkish chef named Nusret Gökçe who went viral in 2017 for the way he sprinkles salt on meals. His restaurants boomed on the back of his internet success and now he charges tens of thousands of dollars for gold-encrusted steaks at his London location.

“This is a great example of right-clicker mentality,” Midwit Milhouse said on Twitter. “Sure, you can make your own gold-coated steak for 65GBP, but then you don’t have the satisfaction, flex, clout that comes from having eaten at Salt Bae’s restaurant. The value is not in the cost of the steak. Go ahead, make yourself a gold-coated steak at home. Post a picture of it on Instagram. See how much clout it gets you. Salt Bae’s dish costs around 1500GBP because people want to pay 1500 GBP to show off that they can afford to pay that much. It’s all about the flex.”

So, what is the “right-clicker mentality”? Quite literally, it is referring to one’s ability to right-click on any image they see online to bring up a menu and select the “save” option in order to save a copy of the image to their device. In this term we have a microcosm of the entire philosophical debate surrounding NFTs. NFTs, or non-fungible tokens, are unique tokens on the blockchain ostensibly representing a receipt of ownership pointing to some (usually) digital thing, like a JPEG hosted on a server somewhere. To be an NFT collector is to philosophically buy into the idea that owning this string of numbers means you “own” a JPEG that lesser people simply right-click to save on their machines at any time.

Indeed, right-clicking initially emerged as trolling praxis as the NFT market took off in 2021, and the term “right-clicker” went viral in September: the comments under a post of someone showing off their new multimillion-dollar ape cartoon JPEG are reliably filled with people saving and reposting the image and claiming that, hey, they own it now too!

To NFT fans, then, a right-clicker is someone who doesn’t understand NFTs and will never get that to view the Mona Lisa online is quite different from having the ownership receipt for the Mona Lisa stashed somewhere. Sure, you can look at it; you can even save a JPEG of the Mona Lisa on your computer, but you will never “own” it nor will someone pay you millions of dollars for your saved JPEG. That receipt, though, is another matter entirely.

The result of this is NFT investors insisting that they’re not mad, they’re actually laughing. When one NFT collector’s valuable ape JPEGs were stolen from him by scammers this week, he begged onlookers to simply right-click save the images from his tweet rather than purchase the NFTs themselves from the hackers. Such is the distinction between image file and receipt in the minds of NFT fans. And, to be clear, they are not-mad-laughing all the way to the bank, as people are seemingly still willing to pay huge sums of cryptocurrency on NFTs.

But the right-click mentality is a bit of a cipher, and while it’s derogatory in the hands of an NFT enthusiast, it’s a badge of honor for the haters. An NFT fan might call someone a “right-clicker” because they don’t “get” NFTs, and a hater might embrace the label because, hey, there’s nothing to get, and this entire idea of owning an infinitely-copyable bundle of pixels because it says so on a digital list called a blockchain is a profit-seeking farce.

As of this writing, Midwit Milhouse’s original tweet only has 3 likes and 9 quote retweets. A post making fun of Midwit Milhouse for posting something so weird has 121 retweets and almost 2,000 likes. In the clout game, the right-clickers are winning.

A search of “right-clicker mentality” on Twitter returns thousands of results making fun of NFTs and the very concept of right-clicker mentality. “You can’t be funnier than their own coping,” one tweet said.

“idk I think the real flex is a 95% discount just by cooking the steak yourself but maybe I’m blinded by my right-clicker mentality the steak tastes just as good, the jpeg looks just as good, there’s no difference, NFTs can suck my dick,” another said.

The concept of “right-clicker mentality” so perfectly encapsulates the dizzying mental contortions and social dynamics inherent to NFTs that novelist Dave Whelan tweeted, “just been told about ‘the right clicker mentality’ and it annoys me so much when internet trolls are better at social satire than novelists.”

Whelan is right. Sometimes a word or phrase comes along that’s so perfect it almost makes you angry. NFTs only hold value because everyone owning them and trading them agrees they hold value.

To right-clickers, the blockchain ledger where their receipt resides is a comforting technological myth that NFT owners point to to legitimate their claims of ownership of a JPEG. It’s a kind of slacktivism, a way to address the problem without risking anything. Right-clicking a JPEG, saving it, and displaying it back to the NFT owner is a way to point out the Emperor has no clothes. Meanwhile, the NFT fans make millions off their naked Emperor. Round and round.

The phrase “right-clicker mentality” elevates this practical distinction to the realm of philosophy, though. To right-click is one thing, but to have a right-clicker mentality implies an ontological break between crypto-fans and critics. Indeed, it implies the person saving the JPEG to their hard drive isn’t just wrong, they’re broken in some way.

The people who use “right-clicker mentality” unironically are participating in hustle culture mutated into a new form, playing fast and loose with risky new financial products. A few of them will win big, but many will end up with some variation of crying online about having their ape JPEGs stolen. The right-clicker mentality may win in the end, but not before the NFT crowd makes untold millions.

ORIGINAL REPORTING ON EVERYTHING THAT MATTERS IN YOUR INBOX.

By signing up, you agree to the Terms of Use and Privacy Policy & to receive electronic communications from Vice Media Group, which may include marketing promotions, advertisements and sponsored content.

‘What the hell’s an NFT?’ — ‘SNL’ explains in an amazing rap parody

Mike Murphy

Pete Davidson rapped about NFTs on «Saturday Night Live.»

NFTs have officially gone mainstream.

Non-fungible tokens are the hottest thing in the crypto-asset community these days, generating headlines and social-media buzz even though many people still have no idea what they are or how they work. But it might have taken a sketch on this weekend’s “Saturday Night Live” to answer the big question: “What the hell’s an NFT?”

In the sketch, Kate McKinnon plays Treasury Secretary Janet Yellen addressing a college economics class, when an Eminem-clad Pete Davidson asks a question.

“Two Silicon boys were talkin’ outside,” he starts, to the tune of Eminem’s 2000 hit “Without Me.” It quickly breaks into an elaborate rap parody, joined by Chris Redd, who offers a rapid-fire “list of complete nonsense.”

Then musical guest Jack Harlow, playing a janitor who wanders by, joins in and actually presents a pretty decent explanation: “Non-fungible means that it’s unique,” he raps. “There can only be one like you and me. NFTs are insane, built on a blockchain. A digital ledger of transactions, it records information on what’s happening. Once it’s minted, you can sell it as art.”

So that clears things up, right?

For the record, NFTs are intended to be unique — like art or collectibles — and aren’t meant to serve as a currency. They tend to be written on the ethereum blockchain and carry unique digital signatures that cannot be altered, guaranteeing authenticity.

Twitter CEO Jack Dorsey, NFL star Rob Gronkowski and the startup marketplace NBA Top Shot have all been in the headlines recently for their eye-popping NFT deals.

Readers looking to learn more about investing in crypto assets can sign up for MarketWatch’s Virtual Events series, moderated by reporters and editors from MarketWatch and Barron’s, featuring speakers including Galaxy Digital’s Michael Novogratz; Securities and Exchange Commissioner Hester Peirce; and Sheila Warren, deputy head of C4IR at the World Economic Forum.

В Saturday Night Live показали пародию на клип Эминема. Получилась песня про NFT

Тема NFT стала настолько популярной, что про нее уже стали снимать пародии. В новом выпуске шоу Saturday Night Live исполнили песню о non-fungible tokens («невзаимозаменяемых токенах»), которая представляет собой пародию на клип Эминема Without Me. Шоу юмористическое, клип тоже, а вот песня очень познавательная. Для тех, кто знает английский, но не знает, что же такое NFT, это отличный вариант разобраться, а заодно и развлечься.

Сначала напомним о сюжете клипа Without Me. В нем Эминем просыпается на шелковых простынях с двумя девушками и первым делом берется за своеобразный пейджер, чтобы посмотреть видеосообщение от своего друга. Им оказывается Морфеус из «Матрицы», поэтому для того, чтобы смотреться вместе гармоничнее, Эминем переодевается в костюм Робина. Весело и задорно они мчатся по ночной Америке. Еще там много странных танцев, персонажей и вмонтированных роликов, а самого рэпера постоянно бьют. В пародии из выпуска Saturday Night Live тоже присутствуют костюмы, да и сам стиль оригинального видео учтен, но есть и нововведения.

Новый клип начинается с лекции, которую ведет глава Федеральной резервной системы США Данет Йеллен, и преподаватель предлагает студентам задать интересующие их вопросы. Руку тянет студент (Пит Дэвидсон) в том самом костюме Робина и задает вопрос: What’s the hell is NFT? Ответить он решает самостоятельно, в песне звучат слова cryptocurrency (в переводе с англ. «криптовалюта». — Прим. SRSLY) и real life monopoly (в переводе с англ. «реальная монополия жизни». — Прим. SRSLY). Во время своего творческого выступления Робин задает еще один вопрос, уточняя, может ли кто-то ему помочь создать NFT. Вторым участником дискуссии становится персонаж в костюме Морфеуса: сначала он шутит про таблетки, а потом присоединяется к студенту в костюме Робина и начинает зачитывать рэп, рассказывая, что NFT может быть абсолютно любым, но люди все равно будут его покупать. В порыве восторженных эмоций Йеллен спрашивает мнение об NFT у уборщика: им оказывается рэпер Джек Харлоу, который просыпается в шелке и рассказывает об уникальности токенов.

В пародии повторили не только костюмы, стиль танцев и подачи, но и культовые сцены: Робин по тросу поднимается по фасаду здания, Робин и Морфеус катаются на машине, кстати, в этой сцене идентичны даже повороты камеры. К слову, артистам в пародии повезло чуть больше Эминема, ведь их никто не бил. Закончился клип так же ярко, как и начался: Данет Йеллен пригласила всех высказавшихся на UFC 260, после чего они вчетвером решили уйти красиво. В конце видео из этого тоже сделали NFT.

What the hell is NFT?

NFT or non-fungible tokens are certificates of ownership for digital or physical assets.
Fungible assets are the things that can be interchanged for example, if you exchange one dollar with another one dollar and it would be the same value.
But for the non-fungible assets, you can’t do that, it’s one of its kind, for example, house/painting — they have different properties.

So NFT means the ownership of the asset lives on the blockchain and cannot be forged, suppose you buy an NFT for a painting, now there would be only 1 copy on the blockchain for that painting and you are the owner of that. Others can make copies of the same painting but that will not be the original.
If you sell the painting then it will create another transaction on the blockchain for the painting, and the lifecycle of the painting can be tracked easily in the blockchain.

For simple words, assume there is only 1 bitcoin in the whole world and you are the owner of that bitcoin. now every transaction of that single bitcoin is available on the blockchain. The same things happen for any non-fungible asset.

How do you create an NFT?

There are many platforms that provide such services, currently, all the NFT marketplace are on Ethereum blockchain and the NFT will be on the eth blockchain.

(There are some new platforms coming in the future on Binance Smart Chain, on that blockchain gas fees are much much less than ETH gas fees.)

If you find this article helpful do consider following me. I am trying to get to 100 followers. Cheers!

NFTs Are Taking Off in the Music Industry. What’s an NFT?

Malen Blackmon April 28, 2021 4:00AM

Trying to understand cryptocurrency and non-fungible tokens (NFTs) can be annoying AF, but the amount of cash being made and spent in the crypto space can’t be ignored. Artists and musicians have been independently making millions of dollars by selling digital versions of their art, music, video clips, photos and pretty much any other kind of digital media they can think to throw up on the blockchain.

In the music world, an NFT could be defined as a rare collectible that is stored on a digital ledger. Artists and musicians can create NFTs themselves to auction off various forms of digital media to their fans who pay using cryptocurrencies like Bitcoin, Ethereum and others. They could add multiple buyers to the NFT or make it so there is only one owner. The artist can also receive royalties every time a buyer of that digital copy sells it to somebody else. This puts a lot of power back in the hands of artists who now have another way to monetize their art or other forms of digital merchandise.

NFTs could have a huge effect on streaming platforms that simply don’t earn artists enough. We could see an era when artists are able to do business directly with music retailers and sell their NFTs like they used to with self-produced CDs. Keite Young from Medicine Man Revival says this is just the start of cryptocurrency and the concept of blockchain technology being utilized in the creative space.

Young says he plans to release an NFT in the next 90 days, in a series called End of the Tunnel.

“It’s a performance series that is curated into an installation,” Young says. “It happens at different venues and it’s not open to the public.”

Fans will be able to purchase a digital copy of the installation as an NFT. (The digital works sold as NFTs can still be copied and shared themselves, but ownership of a token is unique. Think of it as something like a copy of a popular book autographed by the author; there are lots of copies of the book and more can easily be made, but the NFT version is one of kind.)

Young says his company Culture Factory has been working to help others build their own NFT platforms. Young says Culture Factory wants to be «the concierge» to the web 3.0 experience. He says he has the time, skillset and knowledge to engage the NFT community and develop product-to-market strategies consistent with the values of the community.

“NFTs will give artists another outlet to create exclusive content for fans in a more artistic fashion. In the future we’ll see the value of songs appreciate, like Basquiat paintings.” – Dallas rapper Rakim-Al Jabbaar

John Patillo, CEO of Southwest Digital, a Houston-based music distribution company, says they will add an NFT component onto their platform. He raises the point that artists such as Snoop Dogg and Post Malone sell 6 to 7 figures in digital assets and believes that artists in the Southern hip-hop market can see similar financial success.

“We are treating our distribution layout almost like a Walmart or Amazon in a digital space,” Patillo says. “For example, we have NFTs coming from Nipsey Hussle, DJ Screw and NFTs from some of the iconic guys here in the South. And not only are we going to let them live on our NFT platform or collectible storefront but we also are going to create these NFT collectible galleries.”

This will be a physical place where fans could go see the digital assets, leading up to the final countdown of the auction. Patillo says his company educates artists on how they can navigate this new digital space of crypto currency, NFTs and blockchain technology.

As the NFT wave gains momentum, we will see more creative ways artists for artists to capitalize on NFTs.

Dallas rapper Rakim-Al Jabbaar says NFTs will change the rap game forever and he is working on a special NFT release with his upcoming album.

“NFTs will give artists another outlet to create exclusive content for fans in a more artistic fashion,” Al-Jabbaar says. “In the future we’ll see the value of songs appreciate, like Basquiat paintings.”