Transcripts
1. 1 Overview 11 26: Welcome. This is going to
be a fun course. We will learn the
fundamentals of LFTs and Web three in very
non-technical way. When completed, you will
know more about an FTEs, Web three, and crypto than
probably 95% of the public. Now someday, I want to
do a course like this. When I open up by
saying this course, we'll show you how
to make a fortune just by following
a few easy steps. But now is not the
time to make money. Now's the time to get
ready make money. One of my favorite
phrases in life is that success happens when
preparation meets opportunity. Right now the world
economy is way too unpredictable for
most of us to invest. So now's the time to learn. So that when the
economy turns around, you'll have the cash and the understanding to
take advantage to perhaps create legacy
money that will change your life and the life
of your extended family. This course and those that follow will help you prepare
for that opportunity. Now, NFT is Web three are the future of all things online. This course is meant
to simply introduce you to the future of
this online existence, as well as getting
your feet a little wet with buying and selling and NFT. With the first module
in this series, you'll get ready
for Web three and a non-technical way
that makes sure you understand the importance of the technology and how it's
going to impact your life. Web three is the next
phase of the web, and LFTs are at the forefront. These are the digital
representations of real-world objects and items, making them easier
to track, transfer. Promised number one, I'm going to keep it
simple, nontechnical. I've been working
in cutting-edge information technology
a long time. And I'm told that I'm a
pretty good explainer. Fact is all humanity will someday be
interconnected by Web. Three FTEs will be everywhere. And we will hardly notice
taking this course. And now we'll put you
in front of that crowd. Understanding and
consensus basis. As I said in the first slide, this course is not
about investing. If T's and Web three or actually more
than five years old, but they just seem really new. We're going to see
an explosion of all of those in 2023, 2024. The macro financial
market is a mess. If you are invested now, most investors are
saying, hold on. Doesn't seem to me
that either buying or selling is prudent. So here's what's going to be in the sequence of
classes in this course. We're going to cover the tools. You probably already have them. You won't need anything new. I don't think I'm gonna do a brief explanation
of lefties Web three, introduce you to some
of the language. We're going to do a
beginner's guide to NFT buying, selling,
and investing. And then we're going to do a fun little project
where you're going to create and post your
own FTE for sale. To do that, you're
going to need to understand a little bit
about basic crypto. And then we'll wrap everything up and
review your success. I do want to remind
you that I will have future courses on this topic. This gives you the big picture
in the way of a mindmap. So just as a way of
short background, my name is Kurt has
one of the nicknames I have is this Captain crypto. Based on rank that
I was in the Navy. I actually took an artificial
intelligence course back in 1972, 50 years ago. Here it is. I recommend you buckle up, jump right into the course. You'll be glad you
did. Thank you.
2. 2 Tools You Need 26Nov: This is going to be a
quick and short lesson going over the tools that you need and remind you this is just a basic
understanding kind of course, where ultimately you're going
to create and post and NFT. And it's not going to
cost you anything. Tools. Again on the
Table of Contents, we're gonna do this.
Everything you need. And you can see how the rest of the course is going to unfold. Now, first thing you need is a browser and your
own Skillshare. So I know you already
have a browser. There are many to pick from. As you can see, the
Internet Explorer, Chrome, Edge,
Firefox, and Safari. I recommend probably
either Chrome or Edge. They're actually
the same browser. And perhaps Firefox far it's got a few problems with some sites, but all of them are free. All of them are available
on every platform, easy to download and install. You also need a little money, but actually you need zero line. But it would be nice
to have $1 or two in your cyber or your
cryptocurrency account, just so it's there. Now, crypto currency is obtained the same way you would be if you are visiting a foreign country, you go to an exchange. And in this case, you'll be
converting the currency of our nation into a specific
crypto, namely Ethereum. It's very similar to Bitcoin, it's just easier
to use right now. The other thing you're going
to need is a digital image. You may already have one. You see the image on the
right there is one that I created in a few seconds
simply by saying, I want an image of a Victorian
house and the style of Van Gogh will be using
an AI tool to do that. Again, it's no cost. The availability is free, very easy to use and fun. So as a reminder, and I'll
probably do this often. Please ask a question. You know. If you have a question, most likely someone
else does as well. I'm happy to update this class
or to add it to the Q&A. So if you're
enjoying the course, I'm going to suggest you
recommend it to others, but let's get to
the next lesson. Thank you.
3. 3 Explain NFTs: Okay, This section is to
quickly learn the basics. So at this point, we're going to talk about the language of
LFTs and Web three. And that will go on
to the beginner guide to NFT buying and selling. So non NFT or non
fungible tokens, what that gets at
fungible simply means that you're able to replace
it by an identical item. These are actually
not things that you're going to have
on your computer. They are a snapshot that's
saved on the blockchain. You don't need to really
understand what it is, but it's going to be
something that is within the entire Web three and
crypto infrastructure. So note that this digital image that we're going to
post on the NFT site. It doesn't prevent
somebody from copying it. However, you know, like
in the physical world, you can photo of
baseball card or a rare stamp and then
print it out, right? But that fake is mostly worthless because it's
relatively easy to prove that the reproduction
is not the original, the value of that card or stamp. And the NFT resides in the
proof of who created it, and it's authentic, authenticity and the ability
to transfer ownership. So today's emphasis is on creative things like
images and music. They are evolving way beyond collectibles and we'll talk
about those a little more. But we're talking
about encrypted proof of identity, digital signature. Perhaps your educational
accomplishments. Government issued licenses. Blockchain technology
implements these and traces the transfers
with the details. Oops. So sorry. Because I was reviewing
this before uploading it, I noticed there's way
too much detail in here, information that you really
don't need to know in order to do the project or to
come away from this course. A good understanding of Web three and FTEs and
cybersecurity. So feel free to skip right to the end or watch the rest of it, but I apologize for not keeping it as
simple as I promised. Let's just take a
quick look at some of these advanced terms. So the utility is simply the most important part is who owns it and
who has owned it. The roadmap, of course, is the long-term vision, tells you where the
project is going. Interoperability refers
to the fact that a and then if T can be supported
on multiple platforms. And AirDrop is when somebody is going to
sell a whole bunch of similar and FTEs and they
will be in a community. Usually it's as reward
or something to promote. Floor price, which
is something we can, we will talk about when we
post your image on this side, is basically the minimum price that you're willing to sell. Something for. The provenance is just
a sophisticated term for proving ownership
history on the blockchain. And we will see as we get into N of t is a little more,
especially these images. The traits of an image or those things didn't make it
unique in the collection. Next, we want to talk a little
bit about crypto wallet. It's, as you would guess, it's the place where
you keep crypto. Now there are two major types. They're referred to
as a hot or cold. Hot simply means it's online. Cold means it's not online. One thing you want to
connect from this is a cold is safer. And it is almost
impossible to be hacked. But that's where
cryptocurrency is capped. So there are a lot of variations on this and we're
going to learn a little more about them
as we move forward. Griffin currency is just money. It's a form of money,
digital money. And you will see that there are coins like Bitcoin, Ether, as we know this term
of exchanges where you take money from one type and turn it into money
of another type. And you're typically exchanges
where they will take your dollars and change
that to you or Bitcoin, one who has changed over thousands and other
parent folder, you will be protecting it by having say, where you keep them. And now one of the really
critical things about the whole
cryptocurrency world is that these things
called smart contracts. Smart contract is just
software and it is published. It in effect executes the
terms of the contract, e.g. when we sell, put
this NFT for sale. We can say that whenever
it changes hands, somebody's going to
pay me a royalty. And all of this information
is stored on blockchains. And NFT transaction is actually, there's a contract
underneath this specifies what the
price is for sale. Who the creator is, who the buyer and seller were in the terms
of the contract, which in our case
is going to include a royalty payment every
time it changes hands. Royalties are sort of fun. You sell your NFT for $10. Somebody else buys it for $100. Well, our smart contract
is going to say, pay me 20% of that every
time it changes hands. Someday if it sells
for $1 million, you collect 200,000 because somebody has found
it so valuable. So you continue as long as that thing exists every time it changes and you'll get 20%. Okay, now the next
thing we're going to talk about is Web three. Why are we talking wiser, even called Web three? Because we've already
done web and web two.
4. 3b web terms 26Nov2022: This is a continuation of us talking about learning
some of the terms. At this point, we're going to talk about what Web
three really means. So I was actually around during webs her and
web one and web two. So what Zero was
pre-Internet when folks on their own computers talking about the seventies
microcomputers. My computer science
degree was in 73 and I was in Silicone Valley pursuing
a master's 78-80. So those microcomputers were known as TRS-80 days Commodore, Apple, even IBM had many others. Web one was initial internet, and actually before
was the Internet. It was a thing called arpanet. Were military and
universities connected in a network that
was Nick proof. Now web to began with the emergence of social
media platforms. Instead of read
only is in Web one. Went to, you can actually
post information which we all did on the various
social media sites. So those social media sites and other places use the data that, that individual is created
and made money off of them. Facebook keeps about 98% of all the money that is generated on user content on
Facebook, on their ads. Goal keeps about 95%
of what's created on, on youtube and other sites. So they monetize
that and they kept track of our surfing habits so that they could
sell advertising. So it was actually more money, more money, more money. With three, this come along. Here. The content is going to
be owned by creators. So instead of money going to these large
corporations that are controlling everything
that we see and do online. There'll be micro-payments
that is fractions of a cent for
listening to music or taking a video course or
for other excellent content direct from the user
to the creator. Top university students are
now headed toward Web three. That's their top destination. And billions of dollars
and be investigated by a very wise venture capitalists
all toward Web three, because that's the future. Okay? That's the quick
look at where web three is knowing why
it's going there. And we will move on next
to a beginner's guide to NFT buying,
selling, an investing.
5. 4 beginner guide NFTs: Okay, you've gotten
the background now of lefties Web three. Now we're going to talk
about buying and selling. So again, if you look, we've already looked at
what the tools you need. We've done the brief
explanation and we're up to the beginner guide and you can see where we're
going eventually. The overall goal, remember, is to familiarize you
with the world of NFT is not a course to teach
her how to invest in FTEs. Vesting is a very complex topic. And in general depends on each individual's
financial situation. The only investing
advice I've ever gotten is that
universally great wisdom. Buy low, sell high. Obviously. But I wish I had
done more of that. Buying low and selling high during my
investment lifetime. Investing is not recommending
any point in this course simply because of
the environment which I've already described
in the introduction. Most experienced
investment advisors are recommending waiting until the global macro
financial picture clears out. Sometime in 2023. You are doing the smart
thing by learning now. So I'm going to update this
course on a regular basis. And so let's look
at buying an NFT. It's really very easy. You put money into
a crypto wallet. Recommended only buy things
that you really love, love, love, and you
want to have it. It's pretty much
the same process. If you are collecting stamps or baseball cards or paintings, you want to hold it, look at it. Whenever you feel like
you really don't buy those things with the intention of making a profit someday. So you can buy some in FTEs
for virtually nothing. Or you can spend many
millions on them. And just to give you a
sense of a marketplace, there's a collection of 10,050, is called a board, a Yacht Club. And I'll show you
some images of those. But the minimum price for
any of those $117,000 each. Crypto punks are selling
for over 100,000. So you can Google
for those images. And but this, the top three have a market capital
of $2.3 billion. Invested about 25,000. Very wealthy people. Certainly not in my leg. Selling an FT is
just the opposite. You sell something
you've created, usually very low or no cost
and you pocket the difference between the Soul Price
and the listing fees. Hard part of course in this
or any other businesses, finding someone who loves
your product and is willing to part with their hard-earned
cash to acquire it. So when you do this
recommended project which is coming up next, you'll see how easy
it is to create a fascinating NFT and
put it up for sale. Well, that's easy. You're probably not gonna
make any money on it. If you do it, it'll
be a small amount, but you will get the
great satisfaction of bragging to your friends and
family that you've created. And then if D and you
put it up for sale. So we can dream about the
big money and of course, best part of the fun,
dreaming about it. So investing in an NFT. And again, this course is
not recommending that you invest in anything this time
or anytime in the future. That's something that's
going to be a family kind of decision or something that you've done a fair
amount of studying. The next part of this course, we'll be actually creating
an NFT and posting it. This is the project part. Like the rest of the topics that are available
on Skillshare. Doing the project is probably
the most valuable part. You can listen to
me talk all day. And it's not going to
do a whole lot for you. But if you do the project, you'll be very impressed with
what you've accomplished. So on to the next class.
6. 5 1 Project Intro: Okay, I hope you are ready
to start the project. I promise you,
it'll be fun, easy. And you'll be very proud of yourself when
you're done with this. So part one is a little
introduction on how and why. So we're going to
do these steps. We're going to open
a crypto account with a wallet somewhere for the buyer to put
money for your NFT. Once we post it, if
somebody sees it, they like it, they
want to buy it. You need a wallet to put that money in because
they're going to buy it with cryptocurrency. So after we get the wallet
open on to create an image, now we're going to use an AI
tool that's called Dolly. And it's given as simple texts command and it produces images that you like. You can also use a preexisting image if
you already have one. Then we're going to
connect the NFT to the wallet when you
post your NFT for sale. And finally, you get to collect your many
billions of dollars. So enjoy. Just kidding, nobody is making millions of dollars
on this matter, least with this one little NFT. But if you come up with
the right product, you could make the big time. For now, our goal is
only to understand how to get started if you
find it valuable. And you may want to
continue with other NFT.
7. 5 2 Coinbase account: Okay, back to the project where
we're going to eventually post on an NFT site
a image for sale. I'm going to use for this the videos provided by Coinbase. It's the easiest product to use. Very straightforward,
easy to follow. If you're having any difficulty, watch it to come back and
watch this sequence of videos. Again, while also having
the resources tab, the PDF of the step-by-step. How to create a
Coinbase account? To create a Coinbase account
online, go to coinbase.com. Select Sign Up in the top right corner
of the homepage page. Verify whether you want an individual or
business account, then select it, gets
started, sorry. Fill out your first
and last name, email address, and create
a secure password. Check off the box, acknowledging your age and agreeing to
the terms and conditions. Then click Create Account. You will now be prompted
to verify your email by clicking on the verification
link sent to your inbox. For added security, you'll
be prompted to set up your two-step
verification by selecting the country you reside and entering your mobile
phone number. Then selecting send code. Enter the seven digit code
sent to your text messages. Then click Submit. Next, verify your country of citizenship, and click Submit. You now have the
option to complete the identity
verification process by filling out this form with
your personal information. Or you can choose to
skip this step for now by selecting skip
in the top right. The next required step is
to add a payment method. Click Continue to select the institution
in which you will be using for your
payment method. You will then be redirected to your institution site to sign in and verify your identity and confirm you'd like
to link this account. Coinbase will now link this account as your
preferred payment method, which you can always
update at a later time. In order to trade crypto, you'll want to finish
verifying your info, which you can start
at any time by clicking on verify your info. The previous video
demonstrated how to connect your bank
account simply because that's the best long-term
way to move money into and out of a
crypto exchange. There are many easier
ways which you can see. Using credit cards. Using Apple Pay, Google Pay. Perhaps the easiest one, is to simply use PayPal. Welcome to Coinbase wallet, your key to the world of crypto. In this video, we'll go over the basics of crypto wallets, the tools to keep
your crypto stake. In the first steps
you'll need to get started with
Coinbase wallet. Coinbase wallet is a
self custody wallet. Crypto wallets are
categorized by who has custody of the
wallets private key, and your private key is a set of randomized letters and numbers
assigned to your wallet. Grants access to spend, trade. Do whatever you want
with your crypto, with a self custody while you are the one who
controls the key. This means there's
no third party like a crypto exchange responsible
for your crypto assets. So why take on the
responsibility of safeguarding your
keys and crypto? Because you need a
self custody wallet to do more with your crypto, like participate in
the wider universe of decentralized finance by an
NFT or trade certain tokens. Now, let's explore how
self custody wallets work. Every wallet has a
unique set of keys, a public key and a private key. And your public key is
your wallets address. You can freely share this key so anyone can send you funds. Your private key, however, is only for you. The private key is
required for spendings, trading, or doing anything else with the crypto
in your wallet. It's crucial to protect your private key and to
never share it with anyone. In other words, anyone who has your private key
has your crypto. With Coinbase wallet, your private key is managed
by a recovery phrase. Or recovery phrase is a readable translation
of your private key. So you don't have to remember a long set of numbers and letters. When you set up your
Coinbase wallet, the app generates a twelv
word recovery phrase. Coinbase will never ask you
for your recovery phrase. If you lose it, Coinbase will not be able to help
you recover it. To avoid losing your key, we strongly recommend
doing two things. One, writing your
recovery phrase down on paper and storing
it somewhere safe. And to backing it
up to the Cloud. Coin Base Wallet
makes it easy with an encrypted Google Drive and iCloud recovery phrase
backup feature. If you choose to use this, it's important to have
a strong password for your Cloud account. Now that we've covered the
importance of security, let's walk through how to
create a Coinbase wallet. Download the Coinbase
wallet mobile app or browser extension. For this video, we'll
use the mobile app. Select, Create a new. Well. The first step
is to pick a username. This lets you easily receive crypto from other
Coinbase wallet users. Choose the public setting
in your privacy preferences if you wish to be searchable
or choose private, if you prefer to stay anonymous, then you'll be prompted to add an extra layer of security
to access your account. Choose between a biometrics
option or a passcode. Now you're ready for the
most important step, storing your wallets
recovery phrase. Again, we recommend
writing it down on paper and backing
it up to the crowd. Remember, this is the
key to your wallet, so never share it with anyone. If you have a
Coinbase account than the first thing you'll
want to do is link it to your Coinbase wallet so you can transfer your crypto settings, then connects to Coinbase
and follow the instructions. If you don't have a
Coinbase account, you can still transfer crypto
from another exchange or wallet by sending crypto to
your Coinbase wallet address. And now in 90 countries, users can buy crypto
directly with a credit or debit card
in Coinbase wallet. And that's the basics
of Coinbase wallet. Now you're ready to explore
the world of crypto to get started or keep learning
about Coin Base Wallet, go to coinbase.com slash wallet. Excellent tutorial. Yes, It's a little tedious. Again, this is just
one of those things. You'll find the rest
of this project be very straightforward and fast. Hope you got through
that. If you have any questions, please post them. Won't be happy to help you out. Just as a recap, you can see what
we've done so far. We opened up Coinbase account. We put five bucks into the account or nothing if
that's what you chose to do. And then we created
a crypto wallet. Then the next thing we're
going to do is to use and use an AI tool to
create some digital art. And then a very
simple process of connecting the wallet to open C, which is the number one place where FTEs are bought and sold. And when we post our
heart to the open sea, we'll be finished
with an NFT for sale.
8. 5 3 DALLE account create image: Okay, Project. We are now at part three, which is to create
some digital art. Just announce
originally this Dali, a tool that we're going to
use required you to wait. Here's a bunch of t's, but you can see they're
all sort of goofy. But some of them are
worth a lot of money. I'm not sure why, but I'm
not buying any of them. So now we're going to okay. When you were at
the Dalai website, which is at open
eight and nine.com. Now many other available tools, and this one is probably
the most sophisticated and the most frequently
used online sign-up. And it's pretty
straightforward sign up. Where are we at
her an email list. Now, it's going to
depend on the date this by making me go to my email system and retrieves the verification e-mail
simply by clicking this link, verify the email address. Having done so, suggests
that beautiful. Provide where you can
adjust your settings. You can buy more like people
who are using the software. Once signed in, you'll see
that you'll have 15 credits. You can buy more. Like 100 credits are
150 credits for $15. And there's other information
here that will be useful for working with Dolly. We're going to do a quick make an NH and we'll be right back. As you can see, just
typed in a silly idea of an impressionist painting of a Victorian house with
angels flying overhead. And I'm going to ask
Dali to produce that. You can see what is probably a very interesting painting with a Victoria
impressionist painting. And this is now the credits or the other
images that it created. Angels flying overhead. And we'll pick one of
these to use in our NFT. As a recap, you see that? The only thing I
did not show you on that last page was
to click save, which would have
downloaded the EMH. Just need to keep track
of where that ME Jews. Because you're going
to use that image in this project a
couple of steps away. If you have a Canva account, lot of people use that
to create images, posters, templates,
logos, you name it. They have just released
their own AI tool called text to image feature. I'll put something in
the resource tab if you want to use Canva
instead of Dolly. Hello, Dolly is much
more sophisticated. Kevin may just be easier
at this point in time. Again.
9. 5 4 Connect walletl: Okay, we're back at
our project where we're posting an NFT for sale. And we are in Part four
where we're going to very easily connect the
wallet to the NFT site. Okay? Okay. I am now Paul had open see where we're going
to post our image. So as you can see, it opens C. There is no login. You simply connect your wallet. And in this case,
we're going to use our Coin Base Wallet. When we do that, like Coinbase wallet comes
up like connected. And it says, okay,
you're good to go. The video did not
previously say that the not mentioned in
the previous video was the fact that when
you connect the wallet, open C expects you to go into your Coinbase
wallet app on your, on your phone or on the desktop if you use
an extension there. And when you go in there
to Natalie say hey, open C is once you to sign in
using your Coinbase wallet. So you simply click on the
sign-in button and you're connected and you can do whatever you want
now, an open seat. Of course, if you wanted to buy something while you were there, you've gotta go back
to the Coinbase, putting money into your wallet. For now, we're just
going to move forward. So a site mentioned, we're going to be using OpenCV
because it's the biggest, it's free to post. And then if you do sell it, there's a two-and-a-half
percent fee. The other FTP sites
that are very big, our variable by Nance. And then actually Coinbase
now has its own NFT library, which is a little easier
to use an open sea. But for now, we're gonna go to Open see because it
is the biggest place and where you would work if
you had a collection of NFT as you wanted
to sell or buy. Now or only thing
left to do is to post our art because
I met if T for sale. Again, if you have a
question, please ask. I'm happy to help.
10. 5 5 Post on OpenSea: Okay, back to our
project where we're going to post and if T for sale, we are now in part five, which is pretty simple
and straightforward. As I said before, we're
going to post on open C. And I will plan on showing how to post on some
of the alternative sites, as well as how to create images
using different AI tools. Okay, Now we are on the
creative collection. I'm going to use same image
for everything I did is I created an image on a dolly and I'm going to
use that image as my logo, my featured image
everywhere I can. So I don't have to
do anymore work. Simply dragging and dropping
the same file everywhere. Because if I'm going
to do something with this later, I'll come back. And I'm going to
call this Kate may. Victorian, famous impressionist. Going to customize the URL with Cape May Torreon election. Well, the category will be, and I'm not going
to put any links. And I will now create
the collection. Once the collection, a
collection has been created, I could create another. And if I was going to
do a bunch of FFTs, right now, I'm going to
be working in my cake. May Victoria going to
add an item to this? It's the MHC I just created and I'm going
to again just I'm going to drag and drop
that MH analytical us sample home to show
the effect, effect. This, I'm going to just
simply leave it here. And I'm going to be using a theory and create a single NFT costs nothing
as I promised early on. And I'm creating this. So it wants me to
prove I'm not a robot. Now that the NFT
has been created, I'm going to share it. Some of you may
want to put it on Facebook, Twitter, or Telegram. I'm simply going
to copy the link. I sent it to myself so that
whenever I want to show somebody that I've created
an NFT, I just copied them. Now for our project, if
you would copy this link into your projects submission, I really appreciate it and
I might even buy something. We'll see, we'll see.
So I copied the link. I go into my email system. Great and new email, send it to myself. What the email will look like when your friend had
relative loved ones, rich relatives. Click on it. They will then go to this and
they can bid on this price. Now if someone wants to buy it, they make a collection officers. They would have to
connect their wallet. And now we're in
cryptocurrency world and things get paid
for by their wallet. So they would come in here
and you connect their wallet. Remember there's no
login, open sea. They come in, they
connect a wallet, and then they can
make a bid on this, which I can accept or allow to continue to see if
anyone else is interested. Okay. So we've opened the account, maybe put a few bucks into it. We created a wallet. We then made our digital art. We connected the
wallet to open C and then post it are NFT for sale. Congratulations.
We got that done. Yes. Question is if you've got
them, I'm happy to answer.
11. 5 6 Top NFT sites: Okay, back to the project for a few more pieces
of entertainment. At this point.
Congratulations, are in order. You are in that top 1%. You have posted an NFT for sale, unlike 99% of the
rest of the world. So right now, we got a
little bonus material. I'm going to give some
big picture stuff. So you can see what's going
on in the overall market. But this is just for
casual interest. And we still want you
to just post your own the project part of
the Skillshare world. These other sites, and this is, you can see what's
being presented. You can pause this
video, of course, if you'd like to read more
or you can go to their sites and read the background
information on them. There's a ton of them and
there's more every day. The async is more
music, you will see. Okay, here are the top ten. Number one brought in 91.8 min. Okay, here are the top ten. Each one of these inequities. It's pretty crazy. And here's number one. Brought in 91.8 million. It was multiple sets
of the same image. How about, I think
25,000 people bought it. So you can see what
we've accomplished. You've done the understanding, you can complete guide. You worked on the project. Now we're gonna go ahead and do some bonus materials when three that's coming
in the next video. Little more information
about where web three is expected to go and
some material on basic cryptocurrency that is a nice backup when
your friends and relatives start asking
you questions about it. This is sort of a
nice collection of things that's worth knowing. Then we'll do a wrap up and I will talk to you about some future courses
I plan on to them.
12. 6 Future Web3: Alright, now we're going
to sort of peel back on what we've done and
where we're going next. We're going to talk a
little bit about Web three. And then we're going
to talk a little bit about cryptocurrency. So we talked about Web
three, web two, etc. Before. The important point here is that in Web three,
it is decentralized. Meaning you don't have
to deal with Appel, who's taking 30% or YouTube
which is taking 50% or so. Facebook, Twitter, Instagram
taken close to 100%. Just to get your mind around
what's happening when these corporate guys
are controlling things. Spotify requires
more than 300,000 plays for a musician
to be paid $1,000? Yeah, That's one-third
of a penny per click. There. 11 million artists
earn on average $636. When Web three infrastructure
comes into play, she'll pay your
favorite artists are reasonable fee to stream
their albums directly, less than 1% overhead. If you want to see what's
really going on in the Web, three investments, take
a look at a 16 z.com. They are, I think
they've got over $4.5 billion
invested in web 0.3. And you can see the many,
many different companies that they are investing in. I trust them more
than anyone else. Good indicator of
their expertise is that they said no to FTX. If you've heard of the
big crash and burn that just happened
late November. It was FTX. They 16s, he said No thanks. As a side note, Elon Musk said FTX did not pass
his BS detector. So in any case, this creator to consumer
direct payments are going to exceed 99%. Okay? So that's where we are. And as a notice to
where FTEs are really, really big already,
it's in gaming. Gaming is now a 220
billion dollar industry. Now compare that to
the film industry. I'm talking Hollywood. All these different
creators that are in the film business,
only 50 billion. So already we're getting in
line and game currencies. Virtual land has set factories, scholarships, all via FFTs. Just binding virtual land
in these games will see $2 billion this year in real dollars spent by
gamers want to get ahead. So short-term NFT for infrastructure
improvements are going to require this much easier access. You saw what you had to go
through at coinbase to get an account establish showing
your ideas, et cetera. All of this is going
to end up being, being done much easier. Then we're going to turn
to identity Control. Id cards, credit scores, et cetera, are gonna
be done with LFTs. And they will be used to
identify an exchange goods and services worldwide without banks or corporate involvement, it'll be peer to peer, person, buyer to creator,
and vice versa. So those sites will
end up being similar to what you see today
in Etsy and Spotify, where you can buy
and sell directly to people around the world.
13. 7 NFTs expanded: Let's talk just for a
minute about the future of an FTEs and where
they are headed. Pretty much break them into these six different categories. And we'll start with
community and LFTs. So a community, and if T is when a creator or
cells, these many, many different products
to a similar people they all gathered together and they talk about is making money, what sells better than others? Or perhaps a community
of similarities where the graduates of your
high school class or your college class or a bunch of people who are
taking the same course. So if you want to be
part of the community, you're granted an NFT
that gets you into the extra classes are
the extra videos. And we're going to talk about the first group you have
to actually own some of these NFT is in order
to join the community. The next area is like a
product or a service and f t, where you're used to
help the business. So why don't I sell a product, I give you an F t, and f t then gives you
certain rights within my corporation to have access to different
kinds of things to improve the experience function, product, an example
of a service. And if T is like where
if you buy one product, I would give you an NFT. That would then grant
you to 2 h of my one-on-one consultation and
how to best use that product. So collectible LFTs,
group of people who all on New York Yankee player cards. Again, where the
people get together based on a common interest. And they, in this particular case
where we're talking about sequential collections would
be you have to own some and you're getting
in line to buy the next one and the
sequences they come out. So eventually you'll have
all of the available. The most interesting
on this coming up I think is sold bound LFTs. And this was a proposal
put forth by Frederick, who was the creator of Ethereum, considered to be one of the all-time best thinkers
in decentralized finance. And FTEs, Web 3.0,
cryptocurrency. These LFTs are the kinds
of things where, you know, work history of grades, your birthday, your political affiliations, your
medical history. And of course, almost
anything then could be used as a proof of something. Of course, if you're going
to have proof of something, the big deal is, how do you control who has
access to which empties? And it's a very interesting
part of what's, what's coming in the future. And so eventually what you would have as an
individual is say, okay, if Company
XYZ wants access to my credit history because I want them to give
me a line of credit. I will give them them
that plus perhaps a banking NFT that shows that I have $5,000 in my checking account or
something along those lines, these are products that
are still in development and expect it to be really
a major part of our future. There is a really interesting
PDF that I have downloaded. Hello sol bound tokens will
change society as we know it. It's worth the read.
Again, if you want to be up to speed a little bit
on where things are going. Of course, there's much
more happening here. And I'm going to be
creating follow-up courses. For those of you
who are interested in knowing what's going on, I stay connected with
literally hundreds of different people who are engaged in this on
a day-to-day basis. And I'll try to
encapsulate what's going on there and put them
into little mini courses. Here on skill soft
as we go forward.
14. 8 Basic Cryptocurrency: Okay, now we're gonna do a short little
mini tutorial with some of the most foundational
elements of cryptocurrency. So we'll start with
this definition, which is simply it's a digital currency and an
alternative form of payment. So all ideas is going to be that you will buy and sell things
using cryptocurrency. As we talked about
previously with Web three, there's going to be a
lot more peer to peer. So these transactions will be both perfectly retained
and maintained. And we'll be using smart
contracts with an theorem. And it's all encrypted, which means it's secure
and it's forever. Now, Investopedia
answers the question of, what's the purpose? The purpose is mainly
the future being decentralized was simply
means it's more reliable, secure, and it can't be controlled by the
government and, or banks. As much of our lives is
currently controlled. This creates an international
platform for people around the world use cryptocurrency without having to deal
with their government. Let's talk a little
bit about bitcoin, Ether, Altcoin to hear
them quite a bit. And as we said, it's similar but very different. Bitcoin is considered
this store value like gold or something
else that's scarce, so rare commodity of some sort, because it's limited
to 21 million. Bitcoins, can't change. The infrastructure, cannot cause more to be printed
under any circumstance. Now that's different from ether, which is the currency
of Ethereum network. And as we've said before, this is the domain of
this smart contracts and other decentralize finance,
decentralized application. Its value lies in the fact
that it's going to be used in many, many
different applications. If Ti's, as you've been seeing, is one of the most
prominent uses of Ethereum. Right now, more people are
involved in cryptocurrency because of a theorem
implementing an FTEs. Of course, altcoins
or everything else. You hear about
these on the news. And they're just alt coins and their value is also
lives in their utility. A lot more work is
really necessary. And the most fundamental being that most people need
something that's easy to use. They're not going to learn
all about crypto and Web three and d phi and decentralized
and everything else. It's simply going to be
part of everyday life. One of the most famous people in this whole arena has said, Look, we know this is going to
be mainstream because literally hundreds
of thousands of the smartest people on the
planet are working on this. And some of the biggest money on the planet is working on this. So while the news is all
about cryptocurrency, that in fact, all
this work is being done under the surface. That doesn't really
care about how much Bitcoin or Ether or any of the
old coins are selling for. It just carries about
creating utility, which is where the big
money will be made. Crypto security is
the most serious part of what needs to happen. Right now. The most
reliable wallet is in the hardware that connects with Bluetooth or with a
cable to your computer. And you control your assets
with those smart wallets. It's complicated. It's getting easier every month, but it's complicated,
needs to be made easier. Maintaining security at
the same level as a bank, if you have millions
of dollars in cryptocurrency is not
a trivial exercise. This is all said and done. My personal advice is simply
be aware of scammers. Skepticism is the rule. Don't believe anything you
see here on mainstream media. You have to stay in touch and you have
to know who rely on. So don't invest anything
that you're not prepared to lose until you've done all the homework they
can possibly be done. Which brings us to this
quote, unquote extra study. I've put a lot of material
in the Resources tab so that you can get up to speed
without getting into deep. But the long and short of it is, is that we all need
to keep learning. It's a major part of my
day today, is reading, taking online courses and trying to stay in touch with the people who are
most invested in this. You're on Skillshare. You know the importance
of learning. So keep it up.
15. 9 Conclusion: Well, congratulations,
That's a wrap. You have finished the course. You now know more than 98% of the world's population about NFP tees wet three, cryptocurrency. Nice work. My intention here is to also create more
courses on Skillshare to take on some other
project or elements and some of the other parts
of what's going on in this technology arena. So you can stay up-to-date
and continue to learn. I have to repeat to please
continue to learn on your own. Do research, you find something, there's really
interesting. Research it. If you have questions about it, please address it to me either in this course or in
one of the other courses. I'm happy to tell
you what I know, and I'm happy to tell
you what I don't know. But if you share it with
the Q&A on Skillshare here, the answers and the inputs
from other students will help us all be a little
smarter as we go forward. There's an old guy. I just have to keep reinforcing, re-emphasizing. Please minimize risk. Don't become one of the
people who say, Oh, I took my life savings
and I put it in this XYZ token because
it looked great, or I put it all in some NFT and then the
value of what went down, minimize your risk and you
will have long-term gains. Absolutely promise. Finally, I'd like to ask you
to post a five-star review. If it's not quite a five-star, please pester me
and I will improve whatever area needs
more attention. This is my first
course on Skillshare. So I'm sure there's lots
of room for improvement. If you are a veteran, I would invite you to come
over to vh ve community. It's veterans helping veterans. That's what the V stands
for. Free to join. And you can interact
with other veterans about the whole myriad
of veterans issues. Again, congratulations. There'll be lots of updates. I really would appreciate
the five-star review. Just so you get the final last. It's going on. I have
some latest news. So I think it's really big
when people like Facebook say, hey, we're gonna do in FTEs. This is a quote right from
the Facebook and Instagram. News releases on this subject just shows you how in
main stream and if T's are going to be any good
companies like Walt Disney, they are hiring people. There's job postings on
LinkedIn and other areas. And the final sentence
is important, assistant performing
due diligence, which means they're going
to ensure that they're not promoting anything that
doesn't have long-term value. Apple has now announced
that is going to allow users to buy and
sell NFT via, via apps. They've withheld that
until there feel like it's no longer a major danger
to their customer base. Walmart is getting involved
and they are going to release some NFT kinds of experiences in a previously
mentioned Disney. So the latest news from
the Web three academy, it's a great place if
you really want to dig in to Web three. All by itself. They just released this sense of most
significant trends for 2023. The big brands are taking
Web three seriously, Nike, Budweiser, Gucci,
the name of few. Nike already has
more than 100,000 items in 14 collections of NFT. The tech giants are
putting billions and onboarding millions
of NFT users. That meant it as Facebook. They have more
than 10 billion in Google has more than
one-and-a-half billion. Microsoft has a
half 1 billion in venture capital firms are in the neighborhood
of $50 billion. Yes billion. Crypto payment is more
than a marketing stunt. That should be a cross out. On marketing span. It's actually taking
place already. 15,000 merchants are accepting cryptocurrency
for payment. Integration with Shopify, PayPal and WordPress is
already accomplished. Crypto. Credit cards are
being offered with a merchant either
accepts cash or crypto, and it will come out
of your crypto wallet. Sort of like a debit card. But for your crypto, token, ticketing is granting some really
interesting kinds of stuff. It becomes an NFT ticket, that soap becomes a collectible. In addition to granting crypto controlled
access to the event, Universal Studios
is implementing NFT and ticketing already. Universe is actually a
term that was defined in 1992 science fiction, film. It's everything,
everywhere, online, virtual reality,
augmented reality. So the universe is not the
renamed Facebook corporation, which is simply meta. Zuckerberg is sort of tying
himself into this omega. And as I mentioned previously, already has $10
billion invested. I'm planning on some
additional courses. I've mentioned this in the past. I'm using a light to create some really
interesting in FTEs. And then there's some
other tools that will allow your really good idea to be mass produced so that you can sell
slight variations. That creates a collection
that can be very valuable. The most valuable. And if T is right now, are all in collections where
there's literally thousands, in many cases, 10,000 items
in it in a collection. You can do the math. If they were selling for $100 a piece and you had
10,000 of them, that turns into $10 million. I'm also going to do
a course on what's going on in the Web three world, who the major investments
are and what they are doing. If you're wondering
why you should bother. Mark Cuban was not a tech guy. In a lot of ways. Certainly doesn't talk
about it too much when Shark Tank and the Dallas maths, of course, are not
a high-tech firm. But he got his start in web two, a company called broadcasts.com. It made them rich. He is heavily invested in
cryptocurrency and Web three. I'm going to do a course on Dali version to
just open access. You have 50 free credits
with each new account and 15 free credits
every month thereafter. You can purchase
credits and there's some really good
tutorials out there already that or YouTube
kinds of tutorials. Feel free to watch them. I am going to develop
a course that tries to keep us all sort of up to
speed and what's going on. Here's the details on my
veterans helping veterans. You're wondering
what it's all about. There's a really good
video introduction at VH v dash video.com. And if you know a
veteran who might find this course valuable or
the community valuable, please pass it along.
Thanks so much. And that's a wrap.
Curt Hess, I make tech subjects easy to understand
