WATCH & LEARN: the ‘Problem With NFTs’ has been viewed more than 5.1M in 3 weeks

“The Problem With NFTs” has been viewed more than 5.14 million times since it was uploaded to YouTube in January 21st.

That’s particularly impressive when you realized that the video is 2 hours and 18 minutes long.

While the potential of crypto, NFT, social tokens, DAOs, and all of Web3 to transform the music industry and the lives of musicians is undeniable, the current reality is far murkier and more confusing.

“If someone pitches you on a “great” Web3 project, ask them if it requires buying or selling crypto to do what they say it does,” writes vlogger Dan Olson.

Highlights

00:00:00 Preface
00:01:12 0. In 2008 The Economy Collapsed
00:07:09 1. Bitcoin
00:18:18 2. Ethereum
00:24:34 3. The Machine
00:39:07 4. NFTs Exist To Get You To Buy Crypto
00:57:54 5. The Unbearable Cringe Of Crypto
01:11:46 6. A Self-Organizing High Control Group
01:16:57 7. Crypto Reality
01:25:36 8. There Is No Privacy On The Chain
01:32:52 9. If This “Looks Like Scam” Then Every NFT Room I’m In Looks Like Scam LOL
01:38:29 10. Play To Earn Exists To Get You To Buy Crypto
01:46:39 11. We’re All Gonna Make It And By “We” I Mean “Us” Not You
01:56:08 12. DAOs Exist To Get You To Buy Crypto
02:13:21 13. I Know It’s Rigged, But It’s The Only Game In Town

Watch & Learn

Bruce Houghton is Founder and Editor of Hypebot and MusicThinkTank and serves as a Senior Advisor to Bandsintown which acquired both publications in 2019. He is the Founder and President of the Skyline Artists Agency and a professor for the Berklee College Of Music.