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.