Make Money With NFTs
Hassan Gives Fun Intro To NFTs
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This video is a good intro to NFTs and how to make money with them.
Make Money With NFTs
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FULL VIDEO TRANSCRIPT
00:00
in this video what are nfts what are
00:03
these monkeys and crypto punks how to
00:06
create why and sell nfts and how you can
00:09
grow your online business with nfts
00:13
think about it as the ultimate nft
00:15
course for beginners stay tuned
00:18
so what is nft or non-fungible token
00:22
let’s make things simple here i have 300
00:27
if i now want to give you a 100
00:30
do you care if i give you this 100 or
00:33
this 100 or even this old 100
00:36
also i can send it through bank while
00:38
transfer you don’t care so there is
00:41
nothing unique about each paper here all
00:44
has the same value please focus very
00:47
well this is the first characteristic
00:48
the second characteristic this 100
00:50
dollars can be splitted into ports we
00:54
have 10 dollars 20 dollars we have fifty
00:57
dollars these are eighty dollars so we
00:59
can form a one hundred dollar with two
01:03
fifty dollars or one fifty combined with
01:06
two twenties and one ten and so on so a
01:09
one hundred dollar can be splitted and
01:11
there’s nothing unique about each paper
01:14
so these dollars are fungible so what is
01:18
non-fungible nft simply it is something
01:22
that you can’t split and it’s unique by
01:26
itself let’s give an example here’s one
01:28
of my nft collections let’s open this
01:31
painting if you now want to buy this
01:34
painting do you buy a copy of it or you
01:38
buy and you want the original painting
01:41
and you want to ensure that it’s from
01:43
the correct artist so you want to buy
01:46
this unique painting this unique token
01:49
you can’t buy a copy of it or something
01:52
similar you need this one exactly it’s
01:54
unique and you can’t split it obviously
01:57
so this is a non-fungible token the main
02:00
characteristics are
02:02
we can split and it’s unique there is
02:05
something unique in every token and the
02:08
value is in its uniqueness and obviously
02:11
since we are talking about the digital
02:12
world these tokens are digital now a
02:16
small quiz
02:17
bitcoin which is a cryptocurrency is it
02:20
nft i will give you three seconds
02:24
of course not why because simply bitcoin
02:28
can be splitted into satoshi’s and the
02:31
second reason that there’s nothing
02:33
unique about each bitcoin again if you
02:36
now ask me to send you a bitcoin you
02:38
don’t care if i send it from this wallet
02:41
or this wallet or which bitcoin you need
02:43
a bitcoin like the 100 explained at the
02:47
beginning i hope you got the idea i
02:49
tried my best to make it as simple as
02:51
possible now how to create buy and sell
02:54
nfts let’s see this practically whenever
02:58
you want to buy something online usually
03:00
we have a marketplace if you want to buy
03:03
a book an ebook an apple you go to a
03:06
store to a marketplace in nfts we have
03:10
an nft market places the top are open
03:14
c.i.o
03:15
rearable.com and mintable.app today we
03:19
are going to go with
03:20
opencl and give you a practical example
03:23
how things work the idea is almost the
03:26
same on wearable and mintable just
03:28
follow up understand the concept and you
03:30
can apply it and test it if you want so
03:32
go to opencl and here you can search for
03:35
whatever you want items collection
03:38
accounts or you can simply click on
03:40
explore here and start with these
03:42
categories music domain names
03:44
collectibles sports whatever as you can
03:47
see a lft can be anything digital even a
03:50
domain name it can be ft even a music
03:54
audio video photography anything digital
03:57
can be transferred into nft so let’s say
04:01
i want something trending now let’s go
04:04
to this account here he has three items
04:07
this one costs 20 ethereums or 20 ether
04:10
this one 0.1 if you want to buy it you
04:13
simply click on buy now of course i’m
04:15
not gonna buy this now it’s 80 000
04:18
based on the ethereum price you simply
04:20
here click on this box and confirm check
04:23
out you just click on check this and
04:25
then confirm check out why it’s disabled
04:27
simply because in my wallet here i don’t
04:30
have this number of ethereum i have only
04:32
0.01 that’s the reason so it’s that
04:35
simple you can buy directly from these
04:38
marketplaces now the question or the
04:40
main idea here how to create our own nft
04:43
and how we are going to sell it on openc
04:46
let’s see together i will do now a small
04:48
example i will go to canva.com if you
04:51
don’t know canva it’s one of the best
04:53
websites to create any design online i
04:55
will simply go create a design and click
04:57
on instagram post just to get this
05:00
thousand by thousand pixels template i
05:02
will go here to elements and let’s
05:04
search for monkey let’s get this funny
05:08
one
05:09
or maybe this
05:10
i like this one for nft i will set the
05:13
background for
05:15
black and this monkey for bright yellow
05:19
like this and i will write here
05:23
one eternity later
05:26
the monkey nft
05:28
wow oh my god
05:32
go to effects
05:33
and go here to
05:35
shadow
05:36
and then set the color to
05:39
maybe red like this transparency
05:42
direction
05:44
and here we are let’s set to red like
05:46
this and here is my nft i will download
05:49
this it’s an example remember this
05:52
download okay so we have the png now
05:55
let’s go again to open c and now i will
05:58
go ahead and click on create and then it
06:00
will automatically ask me to sign with
06:03
metamask now if you don’t know what is a
06:05
metamask it’s simply a crypto currency
06:08
wallet it’s a wallet where you put
06:10
cryptocurrency in it’s like this wallet
06:13
but for cryptocurrencies so it’s a
06:15
chrome extension if you want to install
06:17
it just go here i will sign now just for
06:20
sake of time go to metamask.i oh make
06:24
sure to use this website be careful we
06:27
have a lot of scammers go here metamask
06:30
with io and then download click on
06:33
download select chrome and install
06:35
metamask for chrome it will be installed
06:37
automatically in your browser here okay
06:40
now i have around 72 dollars if you
06:42
don’t have anything in the wallet you
06:45
have to send a couple of dollars for the
06:47
first time because when you create a
06:49
collection it will ask you for gas fees
06:52
let’s do this practically to show you in
06:54
action how this happens i will go here
06:56
to my account my collections then click
06:59
on create a collection need to select a
07:01
logo let’s select now this featured
07:03
image this one also anything example my
07:07
secret nfts anything like this and you
07:11
can enter a url if you want like secret
07:14
hdk nft a description if you want and
07:19
you can add your website your twitch
07:21
instagram so on and here please focus
07:24
very well we have something called
07:25
realities it’s something super awesome
07:28
in nfts look at this collect a fee when
07:31
a user resells an item you originally
07:35
created look what happens if i set here
07:38
like 2.5 percent you will enter a wallet
07:41
address okay now whenever someone buys
07:44
the item you will get a fee then if that
07:48
person who bought the item sells it
07:50
again you will get a fee so you will
07:53
keep getting a fee while this item or
07:57
anything in this collection is traded
07:59
you see how this is really awesome it’s
08:01
one of the most important advantages of
08:04
holding nfts as we’ll talk later in how
08:07
to grow your business with nfts and how
08:09
to make money with nfts anyway now i
08:11
will keep it now zero then you need to
08:14
select the blockchain if you watched my
08:16
blockchain video what is blockchain the
08:19
blockchain is a network where all these
08:21
cryptocurrencies works on nfts
08:24
everything is on the blockchain and we
08:26
have different blockchains like ethereum
08:28
blockchain and polygon now polygon is
08:30
gadget free so you don’t need to pay
08:32
anything when you list your items but
08:34
the problem in polygon number one it’s
08:37
not active like ethereum we don’t have a
08:39
lot of users working on it like ethereum
08:42
and the second reason is that polygon
08:45
has a limited number of coins that if
08:47
someone wants to buy something from you
08:49
they need that exact coin so it’s
08:52
limited by coins so this is why i prefer
08:54
ethereum but if you want to try gaza
08:56
free you can go with polygon if you want
08:58
just for testing or if you want to list
09:00
it it’s up to you then you can select
09:01
the payment tokens and select ethereum
09:03
or simply select a token from here we
09:05
have a lot of tokens you can see when
09:07
you select polygon we have only ethereum
09:09
on polygon or these three limited tokens
09:12
you see we have limited number of coins
09:15
or tokens you can buy through so i
09:16
select ethereum and now we have a lot of
09:19
tokens so select the token so you can
09:22
add tokens if you want anyway select the
09:24
display theme i will keep it contained
09:26
and click on create look what will
09:28
happen now the collection is created
09:30
it’s empty now let’s go back and create
09:34
our first nft go back to create select
09:37
our nft this is our nft item name the
09:40
secret monkey anything you can add
09:43
external link if you want for more
09:45
descriptions to your website or whatever
09:47
add description here for the item and
09:49
here we have some properties like if you
09:52
have a collectable list let’s say this
09:54
one has color
09:56
yellow so you can create another monkey
09:58
which is a red monkey and add it as red
10:01
can add properties to this item you can
10:03
also add unlockable content like adding
10:05
a link a code access code maybe a
10:09
signature maybe
10:10
anything special you want to give for
10:12
someone who buys this nft and this also
10:15
very important in businesses especially
10:18
online business i will talk about this
10:20
later on in this video then you can add
10:23
the supply when you add multiple number
10:26
of copies if you want to change this you
10:28
can change this but think about it if
10:30
you change this number what will happen
10:32
then ft will be semi-nft because as we
10:36
explained one of the main
10:37
characteristics is that every single lft
10:40
is unique if you make multiple copies it
10:43
will be semi-nft anyway click now on
10:46
create we created it this nft is now
10:49
added to my collection how to sell it
10:52
simply click here on sell it’s that
10:55
simple you can add a fixed price or
10:57
timed action so people can bid on your
11:00
nft i will go now with a timed action
11:02
let’s say
11:03
five w ether duration for
11:06
one week anything now more options so i
11:10
am selling this nft as a starting price
11:12
for five w ether and it’s a timed
11:16
auction for one week for twenty thousand
11:18
dollars go and buy it
11:29
complete listing and now automatically
11:31
metamask will open let’s see you see now
11:34
it’s confirming i will sign this
11:37
excellent view item now why it didn’t
11:40
ask me for a gas fee this time because
11:42
simply i paid for this when i created my
11:45
account for the first time so for the
11:47
first time when you create the first
11:49
collection and the first item in your
11:51
account it will ask you for a gas fee so
11:53
you have to pay this except if you are
11:56
working on the polygon network i hope
11:58
you got the idea so this is how you can
12:01
buy or sell and create nfts on openc the
12:04
same idea the same concept is also
12:06
available on readable to create or sell
12:09
nfts or mintable.app sign up test if you
12:12
want and we have a lot of videos about
12:14
all these platforms you can check here
12:16
on youtube or on the internet so you
12:18
finished part two on how to create sell
12:20
and buy nfts let’s see now one of the
12:23
most important things about nfts how to
12:26
really use them why they are helpful how
12:29
to use them to grow your business how to
12:30
make money out of nfts let’s see oh
12:33
don’t forget before we continue if you
12:35
have any questions relate to the video
12:38
anything you want you can join us on the
12:40
forum on my website to ask anything you
12:42
want to metamask transactions to crypto
12:46
nfc anything you want i will be active
12:48
almost every day to help you with all
12:51
the community
12:52
on the forum with more than 40 000
12:55
members go now and join us it’s free
12:58
let’s make things simple now in front of
13:00
you i created this image how i can
13:03
verify my ownership me i own this image
13:08
i created it simply nft is the best
13:11
solution when you create an ft it means
13:14
it will be saved in the blockchain and
13:16
in the blockchain video what we said the
13:18
blockchain is number one in security and
13:22
verifying ownership of nfts so number
13:26
one is protecting your ownership your
13:29
creative ownership whatever you create
13:31
any type of creation you have can be
13:34
transferred into an nft the second
13:37
reason why you should create nfts is
13:39
simply because it’s easy and affordable
13:42
as you saw now in minutes we created an
13:45
nft and published it and listed it for
13:47
sale and it’s affordable it’s like fifty
13:50
dollars cash fees if you want to use the
13:51
ethereum blockchain it’s not that big
13:54
deal in a business so you can create
13:55
another commercial product line in your
13:58
business and build another income stream
14:00
selling nfts other way is trading nfts
14:04
if you are following today’s news a lot
14:06
of people are selling nfts for millions
14:08
of dollars trading them buying low
14:10
selling high and so on so another way to
14:13
make money with nft is by trading and
14:15
buying and selling nfts this requires a
14:18
full video i can go with it right now i
14:20
will dedicate a full video about it if
14:22
you want just let me know in the
14:24
comments section below other reason why
14:26
i should create nfts the thing we
14:28
mentioned before is when you create a
14:31
collection you remember create a
14:33
collection we have something called the
14:35
reality lifetime fees so if you set here
14:38
any percentage and the royalty fees you
14:40
get always a percentage fee while these
14:43
tokens are traded sold both whatever
14:47
anything happens with your tokens with
14:49
your nfts you will get a percentage fee
14:52
so it’s a lifetime passive income stream
14:55
really nice now other than trading nfts
14:58
now you may tell me i don’t have time to
15:00
create i’m not a creator i don’t know
15:02
what to do what are some examples for
15:05
online businesses to work with nfts i
15:08
will give you now what i’m planning to
15:09
do with nfts in my business which is
15:12
nothing related to trading or buying or
15:15
selling what i’m going to do if you go
15:17
here to my academy if you follow me you
15:19
know i have an academy i sell courses
15:22
these are my courses let’s say now
15:24
someone bought this course what i will
15:27
do later on this year is whenever
15:30
someone finishes this course i will give
15:33
him an nft with value like maybe 0.1
15:36
ether which is rft which is unique a
15:39
certificate which is unique and has a
15:42
value with the course so you can boost
15:45
your business with nfts think about ways
15:48
you can give nfts with your products
15:51
other example let’s say someone went
15:53
here to my collection and wants to buy
15:56
this nft this painting what i can do is
15:59
simply tell this person if you buy this
16:02
nft you will get also the physical
16:04
painting with it i will ship the
16:06
physical painting so this will be really
16:08
interesting to sell physical products
16:11
attached to nfts or sell a digital
16:14
product like courses or applications
16:16
software whatever attached to nft think
16:19
about this how you can use your own
16:22
business and later on when i finish my
16:24
case study finished developing my system
16:26
about nfts and courses i will share
16:28
everything with you as you know me i
16:30
share everything here on my channel
16:32
before we end this video i want to tell
16:34
you about something really very
16:35
important you see here metamask it’s a
16:38
wallet containing your coins and your
16:42
nfts are attached to this wallet okay so
16:46
how secure is this metamask as a wallet
16:49
is somehow secure the blockchain is
16:52
secure but what if someone hacked your
16:54
pc and got your private key you will
16:57
lose all your coins and all your nfts so
17:01
when it comes to crypto wallets we have
17:03
mainly two types digital wallets
17:05
connected to the internet connect your
17:08
pc like metamask or trust wallet on your
17:11
phone or we have something called
17:13
physical wallets like ledger this ledger
17:17
wallet here when you put your coins in
17:20
it and it’s offline no one will be able
17:22
to do anything it’s offline even if your
17:25
pc is hacked no one can access your
17:28
tokens or your coins so if you bought
17:31
some coins for a long-term investment or
17:34
some nfts for long-term investments and
17:37
you can afford a physical wallet i
17:39
prefer you do this to be on the safe
17:41
side anyway it’s not that important for
17:43
now just pointing this to know about it
17:46
we have physical wallets and digital
17:48
wallets i hope you enjoyed this video
17:50
please if you have any questions the
17:52
comments section below is for you the
17:55
forum the telegram channel everything is
17:58
for you just contact me i will be active
18:00
almost every day to help you and answer
18:03
your questions notifications to get
18:06
every new update see you later