1 00:00:00,000 --> 00:00:02,970 Johny Fernandez: So NFT. We spoke about that on our last 2 00:00:02,970 --> 00:00:09,870 episode. And over the weekend, yeah, deBanked. Officially, I 3 00:00:09,870 --> 00:00:11,760 guess you could say opened an NFT. 4 00:00:11,970 --> 00:00:15,390 Sean Murray: We did minted is the term. Minted. Minted NFTs, 5 00:00:16,440 --> 00:00:18,720 that's all right, I'm I'm just learning the terminology myself. 6 00:00:18,870 --> 00:00:20,700 Johny Fernandez: So it'd be deBanked mints NFT. 7 00:00:20,760 --> 00:00:21,240 Sean Murray: That's right. 8 00:00:21,270 --> 00:00:24,930 Johny Fernandez: All right. I gotta be honest with you, I 9 00:00:24,930 --> 00:00:28,770 think. After learning how NFT works. 10 00:00:29,550 --> 00:00:31,080 Sean Murray: Hold on, I want to hear I want to hear what you 11 00:00:31,080 --> 00:00:31,440 thought. 12 00:00:31,650 --> 00:00:33,180 Johny Fernandez: Okay, I thought, you know, you would, 13 00:00:33,270 --> 00:00:35,610 you know, you, you get the account, you know you get the 14 00:00:35,670 --> 00:00:40,710 specific wallet, so you can start buying things. And I 15 00:00:40,710 --> 00:00:46,020 thought there's an option to cash out and get the items that 16 00:00:46,020 --> 00:00:50,250 you've purchased and mailed to you. So, you know, we spoke 17 00:00:50,250 --> 00:00:55,230 about professional baseball players last week. So it's like, 18 00:00:55,230 --> 00:00:58,680 hey, if I buy a bat on NFT, and it's signed, I would want that 19 00:00:58,680 --> 00:01:02,340 mailed to me. Honestly, like, I would want that. And, and if for 20 00:01:02,340 --> 00:01:05,070 some reason, in my mind, I thought there was an option to 21 00:01:05,070 --> 00:01:08,610 get things mailed to you. And today I find I found out that 22 00:01:08,610 --> 00:01:11,730 that is no option. Yeah. So everything is strictly. 23 00:01:13,920 --> 00:01:14,730 Sean Murray: It's digital. Yeah. 24 00:01:14,730 --> 00:01:15,690 It's digital. Yeah. 25 00:01:15,750 --> 00:01:18,930 So Johny isn't alone. I think what's interesting or and 26 00:01:18,930 --> 00:01:22,380 confusing about the NFT phenomenon, especially when we 27 00:01:22,380 --> 00:01:25,380 were talking about autographed at IO, that's where you can buy 28 00:01:25,590 --> 00:01:28,620 digital autographs from Derek Jeter, Tom Brady, Wayne Gretzky, 29 00:01:28,650 --> 00:01:34,050 you know, etc. Is that you get what looks like a card, but you 30 00:01:34,050 --> 00:01:36,330 know like like a baseball card looking thing, but it's an 31 00:01:36,330 --> 00:01:41,010 animated GIF file or a JPEG file. And I think that are there 32 00:01:41,010 --> 00:01:44,670 probably is a population, like Johny originally thought that 33 00:01:44,670 --> 00:01:47,220 believes that, yes, you're getting this picture in your 34 00:01:47,220 --> 00:01:50,340 phone, but that you're also gonna get. Cash out and get. 35 00:01:51,150 --> 00:01:53,940 You're gonna yeah that it's backed by a physical asset, 36 00:01:53,940 --> 00:01:57,180 there's an actual card somewhere like a physical card that they 37 00:01:57,180 --> 00:01:59,130 can mail to you when you want it. Or maybe they're holding it 38 00:01:59,130 --> 00:02:02,160 on on. Cause. Holding it for you. But that's not not the 39 00:02:02,160 --> 00:02:02,460 case. 40 00:02:02,460 --> 00:02:04,620 Johny Fernandez: I'm like, 70 years old, and I want that 41 00:02:04,620 --> 00:02:07,800 Batman, it's my house signed, I can put it in my memorabilia 42 00:02:07,800 --> 00:02:09,300 wall and have it at home. 43 00:02:09,360 --> 00:02:11,760 Sean Murray: Yeah, well, this this is the perfect example of 44 00:02:11,760 --> 00:02:16,830 kind of like, why people kind of hate on the NFT market because, 45 00:02:17,100 --> 00:02:19,860 you know what is an NFT? You know, here there are some people 46 00:02:19,860 --> 00:02:22,830 who believe it's just kind of a digital represent digital 47 00:02:22,830 --> 00:02:25,230 representation of something physical that perhaps they can 48 00:02:25,230 --> 00:02:27,690 get it at a later date. But it isn't that at all. It's a 49 00:02:27,690 --> 00:02:31,350 digital representation of nothing. Yeah. It's just a 50 00:02:31,410 --> 00:02:34,770 digital representation. Yeah. And it's just it's just an image 51 00:02:34,800 --> 00:02:38,280 file that that's literally a file not like a picture that you 52 00:02:38,280 --> 00:02:40,230 can print. You know, I guess you could print it out on your 53 00:02:40,230 --> 00:02:43,320 printer if you wanted to. But there is no like, actual card or 54 00:02:43,320 --> 00:02:46,770 actual bat or, you know, actual crypto punk or whatever is 55 00:02:46,770 --> 00:02:51,420 selling now or actual rocks that people are making NFTs of it's 56 00:02:51,420 --> 00:02:54,150 just the picture file. That's what the NFT is it isn't 57 00:02:54,150 --> 00:02:54,840 anything else. 58 00:02:54,840 --> 00:02:57,240 Johny Fernandez: And what blows my mind is that whether you're 59 00:02:57,240 --> 00:03:00,750 putting it you know, on the market, you created your own NFT 60 00:03:00,750 --> 00:03:06,660 you're buying it all of this is costing money. For a picture 61 00:03:07,110 --> 00:03:08,130 that's like this big. 62 00:03:08,550 --> 00:03:10,080 Sean Murray: Well, yeah, well, it depends on how big your 63 00:03:10,080 --> 00:03:13,440 screen is. You know, if you're opening it up on your desktop, 64 00:03:13,710 --> 00:03:16,590 desktop computer, I suppose it could be a large a large 65 00:03:16,590 --> 00:03:17,160 picture. 66 00:03:17,370 --> 00:03:20,550 Johny Fernandez: You're paying money. And it's not like $10 67 00:03:21,150 --> 00:03:23,460 It's like, couple hundreds. 68 00:03:23,580 --> 00:03:25,560 Sean Murray: Yeah, but you know, here's an example though. What 69 00:03:25,560 --> 00:03:30,390 if Derek Jeter opened up an image of himself in Photoshop, 70 00:03:30,420 --> 00:03:33,360 and with his hand in Photoshop, signed his name saved it and 71 00:03:33,360 --> 00:03:35,640 then turned it into an NFT? Would that be worth anything to 72 00:03:35,640 --> 00:03:35,820 you? 73 00:03:35,880 --> 00:03:37,110 Johny Fernandez: I need it mailed to my house. 74 00:03:37,140 --> 00:03:38,040 Sean Murray: You need it mailed to your house? 75 00:03:38,070 --> 00:03:40,230 Johny Fernandez: I want like to, like I want the marker to like, 76 00:03:40,230 --> 00:03:42,900 be fresh. And I can smell the ink. 77 00:03:42,930 --> 00:03:44,580 Sean Murray: So if he did it in Photoshop. 78 00:03:44,730 --> 00:03:46,110 Johny Fernandez: No, it doesn't count cause I can do that. 79 00:03:46,110 --> 00:03:46,950 Sean Murray: So that's worth zero. 80 00:03:46,980 --> 00:03:47,400 Johny Fernandez: Zero. 81 00:03:47,490 --> 00:03:49,620 Sean Murray: That's worth zero. So some people will pay 150 82 00:03:49,620 --> 00:03:50,250 grand for that. 83 00:03:51,720 --> 00:03:53,640 Johny Fernandez: I'm sorry. I just don't agree with that. 84 00:03:53,640 --> 00:03:57,690 Cause anyone can do that, anyone can literally do that online. 85 00:03:58,980 --> 00:04:01,890 Sean Murray: So this is this is a this is a great a great kind 86 00:04:01,890 --> 00:04:06,690 of example of how wild the crypto market is because it 87 00:04:06,690 --> 00:04:09,930 shows that there's a divide on what the value is of an NFT. 88 00:04:10,080 --> 00:04:12,180 Johny Fernandez: Like I'm okay with like buying it but I would 89 00:04:12,180 --> 00:04:15,060 want it in my hands. Whether it's a picture whether it's 90 00:04:15,120 --> 00:04:18,450 memorabilia, whether it's a bat, a baseball, I want it in my 91 00:04:18,450 --> 00:04:26,190 hands. But that again, I'm like 70 years old inside I I'm like 92 00:04:26,190 --> 00:04:29,640 seven years old inside. So again, I don't trust the 93 00:04:29,640 --> 00:04:32,250 internet so much because you might steal my identity. 94 00:04:34,260 --> 00:04:36,000 Sean Murray: Well, you know, I would say that, you know, 95 00:04:36,000 --> 00:04:39,120 perhaps NFT's aren't for the older, older minded, you know, 96 00:04:39,120 --> 00:04:42,750 older minded individuals. And I totally get it I think that some 97 00:04:42,750 --> 00:04:47,400 of some of the value assigned NFTs comes into a lack of 98 00:04:47,400 --> 00:04:50,610 understanding as to you know, what they are and how they work. 99 00:04:51,360 --> 00:04:51,810 You know. 100 00:04:51,840 --> 00:04:53,880 Johny Fernandez: Let me ask you this. So when you have it what 101 00:04:53,880 --> 00:04:55,800 is the purpose of you having something that you can't even 102 00:04:55,800 --> 00:04:57,330 have, like in your hands. 103 00:04:58,140 --> 00:04:59,640 Sean Murray: All right, so I'll tell you, I'll give you an 104 00:04:59,640 --> 00:05:03,900 example. We have a lot of stock photos on our website that I 105 00:05:03,900 --> 00:05:08,580 don't have the physical copies of yet I pay to license those so 106 00:05:08,580 --> 00:05:12,330 that I can use them on the site. Now I'm not paying 150 grand to 107 00:05:12,330 --> 00:05:15,780 license the stock photo, I might spend like $1. Right? It could 108 00:05:15,780 --> 00:05:17,700 be a picture of like, it could be a picture of like the New 109 00:05:17,700 --> 00:05:20,310 York City skyline or a picture of like a public official. 110 00:05:20,460 --> 00:05:22,860 That's better than the Wikipedia one. Yeah. There's a picture of 111 00:05:22,860 --> 00:05:25,740 Derek Jeter on our site, at least the back of him that cost 112 00:05:25,740 --> 00:05:28,440 me like two or three bucks, right? Yeah. I don't have the 113 00:05:28,440 --> 00:05:31,410 physical copy. Nobody sent me anything in the mail. But it had 114 00:05:31,410 --> 00:05:34,500 value to me, I licensed it so that I could use it on our site. 115 00:05:34,500 --> 00:05:37,980 Now that that's just one example of where I have only the digital 116 00:05:38,010 --> 00:05:40,800 representation of something. And I don't have the physical. 117 00:05:40,830 --> 00:05:43,830 Johny Fernandez: But here is my rebuttal to that. I can just 118 00:05:43,830 --> 00:05:50,310 screenshot that crop out any signature, deBanked logo, and 119 00:05:50,310 --> 00:05:51,180 use it as my own. 120 00:05:51,540 --> 00:05:54,060 Sean Murray: Okay, but you can't really because at the end of the 121 00:05:54,060 --> 00:05:55,950 day, people are going to people we're going to wonder if you 122 00:05:55,950 --> 00:06:00,630 have a license to use that art. It's all about copy copyright. 123 00:06:01,020 --> 00:06:03,840 Yeah. And so they're gonna wonder, yes, you screenshotted 124 00:06:03,840 --> 00:06:06,780 it. Yes, it's on your computer. Yes. Hahaha, you know, you have 125 00:06:06,780 --> 00:06:10,320 a copy right? But can you put it on your website, you might not 126 00:06:10,320 --> 00:06:13,290 be able to if you try to use it with with any type of commercial 127 00:06:13,290 --> 00:06:15,780 purpose you could actually end up getting in trouble you could 128 00:06:15,810 --> 00:06:19,800 you could be liable and so it's supposed to, I think represent 129 00:06:19,800 --> 00:06:23,400 ownership at the end of the day at this particular one is 130 00:06:23,430 --> 00:06:27,660 assigned and accounted for and is legitimate right and started 131 00:06:27,660 --> 00:06:31,890 here and it's definitely real to copy that that one here. And so 132 00:06:31,980 --> 00:06:33,600 you know, like I said, we already do that with stock 133 00:06:33,600 --> 00:06:38,940 photos on a much cheaper basis. But now now I think about 134 00:06:38,940 --> 00:06:41,640 whether or not I went to the same stock photo account and and 135 00:06:41,850 --> 00:06:45,300 if I had the option to get signed Photoshop signed Derek 136 00:06:45,300 --> 00:06:49,830 Jeter stock photos, and they were like 150 grand. I'm just 137 00:06:49,830 --> 00:06:52,680 using 150 grand. Yeah. Maybe it's not even 150 grand. Yeah. I 138 00:06:52,680 --> 00:06:54,480 just like throwing out a ridiculous number. But there 139 00:06:54,480 --> 00:06:57,660 were some NFTs on autograph going for like more than 150 140 00:06:58,950 --> 00:07:01,200 Johny Fernandez: I'm like old school. I want to wait outside. 141 00:07:02,340 --> 00:07:06,570 Sean Murray: And meet the player. Woah, you're so old 142 00:07:06,570 --> 00:07:11,370 fashion. Yeah. Okay, boomer, he will he wants to meet the player 143 00:07:11,370 --> 00:07:14,640 in person, have the players sign a paper. What's paper? What's 144 00:07:14,640 --> 00:07:15,600 pen? I don't know any of those. 145 00:07:15,600 --> 00:07:17,550 Johny Fernandez: Like a wild? Like, yeah, I'll bring a sharpie 146 00:07:17,550 --> 00:07:19,110 too, I'll bring my hat. 147 00:07:19,950 --> 00:07:21,540 Sean Murray: Boomer mentality over here. 148 00:07:22,260 --> 00:07:24,630 Johny Fernandez: In my mind, we're still living in like 1998. 149 00:07:26,130 --> 00:07:28,140 Sean Murray: Yeah, waiting for Derek Jeter to actually, you 150 00:07:28,140 --> 00:07:29,490 know, come out come home off the field. 151 00:07:32,700 --> 00:07:33,660 Johny Fernandez: And then go home happy. 152 00:07:33,900 --> 00:07:34,890 Sean Murray: And then go home happy. 153 00:07:34,980 --> 00:07:37,290 Johny Fernandez: And then I can I can. And then I can resell it 154 00:07:37,290 --> 00:07:37,830 on eBay. 155 00:07:37,860 --> 00:07:40,080 Sean Murray: And then you wake up and realize it's just an NFT. 156 00:07:40,410 --> 00:07:43,680 But actually, so you can resell them. It doesn't mean you can't 157 00:07:43,680 --> 00:07:46,110 resell them. And they are legitimate and they are 158 00:07:46,110 --> 00:07:49,830 accounted for. Like it's you can avoid getting a fake one, so to 159 00:07:49,830 --> 00:07:53,070 speak, if you because you can watch the transaction history of 160 00:07:53,070 --> 00:07:55,530 the NFT on the blockchain itself. So you can avoid getting 161 00:07:55,590 --> 00:07:58,530 you can avoid getting a fake. There might be value in that how 162 00:07:58,530 --> 00:08:02,100 many fakes autograph items are there in the world? I'll be 163 00:08:02,100 --> 00:08:05,310 honest, I own a few books of which they are autographed by 164 00:08:05,370 --> 00:08:09,450 authors that are that have died 100 years ago. I don't know. 165 00:08:09,450 --> 00:08:11,820 100% know for sure if it was time with that person, right? 166 00:08:11,820 --> 00:08:15,720 I'm actually the person who sold it to me certified it bought. I 167 00:08:15,720 --> 00:08:17,010 don't know you know what I mean, like. 168 00:08:17,010 --> 00:08:18,660 Johny Fernandez: So you're speculative. Okay. 169 00:08:18,900 --> 00:08:19,170 Right. 170 00:08:19,470 --> 00:08:20,730 So you're speculating about that. 171 00:08:20,880 --> 00:08:23,190 Sean Murray: But I can't trace imagine if that author could 172 00:08:23,190 --> 00:08:25,080 have signed it with their private key and then I could 173 00:08:25,080 --> 00:08:27,300 have watched the ownership change on the blockchain for all 174 00:08:27,300 --> 00:08:31,560 time. And by the time I get it, I know 100%. See now I'm arguing 175 00:08:31,560 --> 00:08:34,410 in favor of NFT's now it can trace ownership. So let's say 176 00:08:34,440 --> 00:08:36,540 2000 years, 1000 years from now. 177 00:08:37,380 --> 00:08:39,060 Johny Fernandez: You know how I know it's real ownership, and 178 00:08:39,060 --> 00:08:41,190 I'm waiting for Derek Jeter outside Yankee Stadium. 179 00:08:41,490 --> 00:08:43,860 Sean Murray: Okay, but what if 1000 years from now, somebody 180 00:08:43,860 --> 00:08:46,440 wants a Derek Jeter sign thing. And then someone's like, oh, 181 00:08:46,440 --> 00:08:49,110 this is totally signed by Derek Jeter and you're like he died 182 00:08:49,140 --> 00:08:51,840 1000 years ago. How could there's no way this is real. 183 00:08:51,870 --> 00:08:55,110 This is fake. Like, there's no way it's preserved that well, 184 00:08:55,140 --> 00:08:57,660 but if it was on the blockchain, the blockchain survived 1000 185 00:08:57,660 --> 00:09:00,660 years you can trace. You can trace the autograph for 1000 186 00:09:00,660 --> 00:09:03,000 years and be like holy crap, this really was signed by 187 00:09:03,030 --> 00:09:06,420 digitally signed by Derek Jeter 1000 years ago, that is way more 188 00:09:06,420 --> 00:09:10,020 foolproof than a card or a piece of paper signed 1000 years 189 00:09:10,020 --> 00:09:12,120 earlier, which by the way, is going to degrade and turn into 190 00:09:12,120 --> 00:09:13,380 nothing 1000 years from now. 191 00:09:13,380 --> 00:09:13,770 Johny Fernandez: But what if. 192 00:09:14,880 --> 00:09:17,190 Sean Murray: You could have real Derek Jeter signed merchandise, 193 00:09:17,730 --> 00:09:19,860 digitally signed merchandise 1000 years from now. 194 00:09:19,980 --> 00:09:23,070 Johny Fernandez: Anyone could sign Derek Jeter NFT and say 195 00:09:23,070 --> 00:09:24,000 it's Derek Jeter. 196 00:09:25,200 --> 00:09:28,980 Sean Murray: Actually, so not as well. Yes and no, right. So if 197 00:09:28,980 --> 00:09:32,520 Derek Jeter tells us his private he tells us his public key today 198 00:09:32,520 --> 00:09:35,760 if he told us his public key we'll, we'll know if it's, we'll 199 00:09:35,760 --> 00:09:38,700 know it's originated from Derek Jeter if you tell this is public 200 00:09:38,700 --> 00:09:38,940 key. 201 00:09:39,000 --> 00:09:40,440 Johny Fernandez: So let me ask you this. So you got like an 202 00:09:40,440 --> 00:09:45,000 NFT, can you print it out? Can you print out the picture? All 203 00:09:45,000 --> 00:09:46,170 right, and then are you gonna frame it? 204 00:09:46,470 --> 00:09:48,000 Sean Murray: You can, you can if you want to. 205 00:09:48,960 --> 00:09:49,320 Johny Fernandez: I guess. 206 00:09:49,560 --> 00:09:51,180 Sean Murray: But how you know, but how do you prove ownership? 207 00:09:51,180 --> 00:09:52,230 It's gonna be the NFT. 208 00:09:52,620 --> 00:09:54,390 Johny Fernandez: Little pixelated pictures with your 209 00:09:54,390 --> 00:09:55,230 fresh marker. 210 00:09:55,260 --> 00:09:57,030 Sean Murray: You know, this is an interesting debate cause I 211 00:09:57,030 --> 00:10:00,090 already feel like here we are. Here we are two people that I 212 00:10:00,120 --> 00:10:04,980 totally don't I don't agree about what the value is, but I 213 00:10:04,980 --> 00:10:08,370 do. Here I am kind of railing against them. But as as you're 214 00:10:08,370 --> 00:10:10,350 also railing against them, I turn around and I defend them. 215 00:10:10,350 --> 00:10:15,600 That's because imagine it would be impossible to to authenticate 216 00:10:15,600 --> 00:10:19,620 a Derek Jeter NFT 1000, Derek Jeter signed handside, autograph 217 00:10:19,710 --> 00:10:20,580 1000 years from now. 218 00:10:20,880 --> 00:10:22,500 Johny Fernandez: You can't say it's hand sign because he did it 219 00:10:22,500 --> 00:10:22,980 on like. 220 00:10:23,280 --> 00:10:27,660 Sean Murray: No, you can say that it was signed by him that 221 00:10:27,660 --> 00:10:30,180 it came from his public key, if he tells you, hey, you know, 222 00:10:30,180 --> 00:10:30,600 this was. 223 00:10:30,750 --> 00:10:32,160 Johny Fernandez: I want mail to my house. 224 00:10:32,820 --> 00:10:34,500 Sean Murray: Well, you can only pass it down for so many 225 00:10:34,500 --> 00:10:37,020 generations. At some point, it's gonna get lost where the NFT 226 00:10:37,020 --> 00:10:39,870 could last for 1000 years, or even longer, it could last 227 00:10:39,870 --> 00:10:43,200 forever till the end of the world. That's the power of 228 00:10:43,890 --> 00:10:48,330 NFT's. All right. But all right. So the reason we're talking 229 00:10:48,330 --> 00:10:53,160 about it is because deBanked, printed or minted, or, as you 230 00:10:53,160 --> 00:10:58,020 say, opened some NFT's over the weekend. So deBanked deBanked 231 00:10:58,020 --> 00:11:00,930 being me, I did it. We didn't we didn't have a whole team and I 232 00:11:00,930 --> 00:11:04,230 worked on it by myself. But so I deployed a smart contract onto 233 00:11:04,230 --> 00:11:07,350 the Ethereum blockchain. It's an NFT contract, it's a very simple 234 00:11:07,350 --> 00:11:12,750 contract, you can find it on ether scan.io. The name of the 235 00:11:12,750 --> 00:11:15,360 contract is deBanked. It might be difficult to find because we 236 00:11:15,360 --> 00:11:19,680 only we only minted four tokens on there. So we have an NFT 237 00:11:19,680 --> 00:11:23,490 smart contract. And I actually minted some NFT's I put the 238 00:11:23,520 --> 00:11:26,820 deBanked logo on there. The deBanked logo is etched forever 239 00:11:26,850 --> 00:11:31,320 for all time for 1000 years, not not printed out and not mailed 240 00:11:31,320 --> 00:11:35,010 to you 1000 years on the blockchain assuming that the 241 00:11:35,010 --> 00:11:37,170 Ethereum blockchain is still around 1000 years that's the 242 00:11:37,170 --> 00:11:38,340 other hitch right all these tokens. 243 00:11:38,970 --> 00:11:41,400 Johny Fernandez: When it's signed in person by Derek Jeter, 244 00:11:41,610 --> 00:11:44,940 and he's signing it that will last, having been to for 1000 245 00:11:44,970 --> 00:11:45,420 years. 246 00:11:45,570 --> 00:11:47,790 Sean Murray: All right, 1000 years. I love I love to see if a 247 00:11:47,790 --> 00:11:50,580 hand signed memorabilia can last 1000 years, I guess we'll find 248 00:11:50,580 --> 00:11:53,190 out I suppose it can right because we find artifacts from 249 00:11:53,220 --> 00:11:54,240 1000s of years ago. 250 00:11:55,500 --> 00:11:55,920 Johny Fernandez: I don't know. 251 00:11:56,250 --> 00:11:57,510 Sean Murray: I don't I don't know. I don't know if Derek 252 00:11:57,510 --> 00:11:59,850 Jeter hand signed an autograph that will last 1000 years in 253 00:11:59,850 --> 00:12:02,730 person but deBanked minted some actual NFT's you put the 254 00:12:02,760 --> 00:12:06,570 deBanked logo on there. The Broker Fair 2021, 2021 logo, 255 00:12:06,990 --> 00:12:10,320 register for Broker Fair, that's your cue. Yeah. Register for 256 00:12:10,320 --> 00:12:14,400 Broker Fair brokerfair.org buy some tickets. December 6. I put 257 00:12:14,400 --> 00:12:18,840 the first cover of deBanked's print magazine ever. I made that 258 00:12:19,080 --> 00:12:25,410 an NFT. And I also because we were talking about it, put a 259 00:12:26,010 --> 00:12:31,560 Photoshop hand signed original Sean Murray autographed photo 260 00:12:31,710 --> 00:12:35,250 into the Ethereum blockchain. This is, this is original, I'm 261 00:12:35,250 --> 00:12:38,190 going to show it to you right now. This is legit. Right now 262 00:12:38,190 --> 00:12:42,690 you can go onto the Ethereum blockchain. And you can view the 263 00:12:42,690 --> 00:12:47,400 Sean Murray autographed NFT. Legit. It's gonna last for more 264 00:12:47,400 --> 00:12:52,530 than 1000 years. So yeah, if you'd like to buy it for $10 265 00:12:52,530 --> 00:12:55,290 million, please, I will consider it. But. 266 00:12:55,470 --> 00:12:57,690 Johny Fernandez: Let me see. Let me see. See, it's so small. See 267 00:12:57,690 --> 00:12:58,650 I would want to print that. 268 00:12:58,650 --> 00:12:59,340 Sean Murray: Because it's on the phone. 269 00:12:59,370 --> 00:13:01,260 Johny Fernandez: I would want to print that and have it sent to 270 00:13:01,260 --> 00:13:02,550 my house. So I can frame it. 271 00:13:03,810 --> 00:13:05,610 Sean Murray: You could do that if you wanted. You know, maybe 272 00:13:05,610 --> 00:13:08,700 some people are doing that. But I don't think that's what 273 00:13:08,700 --> 00:13:11,400 everyone is doing. I think most people are really just using the 274 00:13:11,400 --> 00:13:13,770 digital art or the photo is it's just the photo at the end of the 275 00:13:13,770 --> 00:13:16,950 day. And I do want to say one other thing after having minted 276 00:13:16,950 --> 00:13:20,790 NFTs is that the image itself isn't even what's on the 277 00:13:20,790 --> 00:13:26,400 blockchain. It's a JSON file. It's basically a metadata file. 278 00:13:27,120 --> 00:13:31,500 And in that metadata file, you put the URL of where the photo 279 00:13:31,500 --> 00:13:35,130 is located somewhere else on the web, to be like, oh, it was this 280 00:13:35,130 --> 00:13:39,960 picture over here. So these images, these NFT's, they're not 281 00:13:39,960 --> 00:13:42,720 even on the blockchain itself, atleast not on not on ethereum, 282 00:13:43,440 --> 00:13:46,860 there's just a link to them in the metadata file that's 283 00:13:46,860 --> 00:13:49,710 connected to the token. So really, what you're getting is a 284 00:13:49,710 --> 00:13:55,140 JSON file and a link to where a photo is, and hopefully it's 285 00:13:55,140 --> 00:13:57,450 there forever, because if it's not, let's say, let's say it 286 00:13:57,450 --> 00:13:59,820 links to the deBanked server, that image is on the deBanked 287 00:13:59,820 --> 00:14:04,590 server. That's what that's where one of those photos is. And the 288 00:14:04,620 --> 00:14:07,470 deBanked server doesn't exist 100 years from now, and people 289 00:14:07,470 --> 00:14:10,260 are like check out my deBanked NFT well the deBanked server is 290 00:14:10,260 --> 00:14:13,860 gone so is the image unless it was you know, let's move 291 00:14:13,860 --> 00:14:20,130 somewhere else but that that token is gonna forever reference 292 00:14:20,190 --> 00:14:21,330 that dead link. 293 00:14:22,020 --> 00:14:25,530 Johny Fernandez: See, I just don't agree with that cause I 294 00:14:25,530 --> 00:14:28,290 just want something signed. I would wait outside the Yankee 295 00:14:28,290 --> 00:14:31,410 Stadium to get you know, my hat signed. 296 00:14:31,470 --> 00:14:32,910 Sean Murray: It sounds like the only thing that will make Johny 297 00:14:32,910 --> 00:14:35,580 feel better about NFT's if Derek Jeter if you're out there. He 298 00:14:35,580 --> 00:14:39,840 really would appreciate a signed bat. Maybe a sign a hat maybe a 299 00:14:39,840 --> 00:14:40,410 glove. 300 00:14:40,830 --> 00:14:42,480 Johny Fernandez: Yeah. And shipped to my apartment. 301 00:14:42,510 --> 00:14:44,430 Sean Murray: Ship it to his house. It has to be US Postal 302 00:14:44,430 --> 00:14:45,570 Service. He doesn't accept it. 303 00:14:45,570 --> 00:14:46,080 Johny Fernandez: No FedEx. 304 00:14:46,110 --> 00:14:48,510 Sean Murray: Yeah no Amazon trucks or anything like that has 305 00:14:48,510 --> 00:14:54,660 to be oh old guy. USPS only seven days. Snail mail shipping. 306 00:14:55,140 --> 00:14:56,130 Johny Fernandez: And a letter, a handwritten letter. 307 00:14:56,280 --> 00:14:57,840 Sean Murray: With a handwritten letter from Derek Jeter. 308 00:14:57,840 --> 00:15:02,520 Johny Fernandez: Hey man. Thanks for ordering, have a great year. 309 00:15:02,790 --> 00:15:05,100 Sean Murray: Thats what you want him to say all right Derek Jeter 310 00:15:05,100 --> 00:15:10,620 that was Johny's special request for his non NFT, NFT.