{"page":"<link rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" />\n<link rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" />\n<div data-title='Why The NFT Market Is Not As Crazy As You Think' data-url='/boclips/videos/605cd1425e604933bd2ee1fc' data-video-url='/boclips/videos/605cd1425e604933bd2ee1fc' id='bo_player_modal'>\n<div class='boclips-resource-page modal-dialog panel-container'>\n<div class='react-notifications-root'></div>\n<div class='rp-header'>\n<div class='rp-type'>\n<i aria-hidden='true' class='fai fa-regular fa-circle-play'></i>\nVideo\n</div>\n<h1 class='rp-title' id='video-title'>\nWhy The NFT Market Is Not As Crazy As You Think\n</h1>\n<div class='rp-actions'>\n<div class='mr-1'>\n<a class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"><span><span>Get Free Access</span><span class=\"\"> for 10 Days</span><span>!</span></span></a>\n</div>\n</div>\n</div>\n<div class='rp-body'>\n<div class='rp-info'>\n<div aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'>&times;</div>\n<i aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'></i>\n<i aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'></i>\n<div class='rp-rating'>\n<span class='resource-pool'>\n<span class='pool-label'>Publisher:</span>\n<span class='pool-name'>\n<span class='text'><a data-publisher-id=\"30356231\" href=\"/search?publisher_ids%5B%5D=30356231\">Economics Explained</a></span>\n</span>\n</span>\n</div>\n<div class='rp-description'>\n<span class='short-description'>🌈🐱 Get your very own EE NFT! 👉 Nyan Cat, a video of LeBron James dunking, and a tweet by Jack Dorsey. These all have one thing in common (and no, it’s not because they were sold in recent months for millions of dollars, contrary to what...</span>\n<span class='full-description hide'>🌈🐱 Get your very own EE <a href='https://opensea.io/collection/economicsexplained' target='_blank' rel='nofollow'>NFT! 👉</a> Nyan Cat, a video of LeBron James dunking, and a tweet by Jack Dorsey. These all have one thing in common (and no, it’s not because they were sold in recent months for millions of dollars, contrary to what you may have heard). What actually happened was the unique digital signatures of these three pieces of media were sold-off to a new breed of 21st-century collectors; bringing massive attention to these Non-Fungible Tokens (or NFTs). Overwhelmingly, the astronomical prices some NFT sales have fetched have attracted ridicule by outside observers. Perhaps understandably so, considering some are spending Lamborghini money on a Nyan Pop-Tart cat GIF that you anyone watch for free online. But is it really all that ridiculous? In this video, we’ll explore the potential NFTs hold and why these laughable prices may not be so absurd after all. #NFT #MarketBubble #HypeTrain ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ✨Special NFT Highlights ⬇️✨ Acquire ownership of the entire EE YouTube channel for $10MM USD (no <a href='https://opensea.io/assets/0x495f947276749ce646f68ac8c248420045cb7b5e/43054914477634394329889595616748437970418716425254999584541130147240083456001' target='_blank' rel='nofollow'>joke!) →</a> Acquire the NFT of this video about NFTs (yes, <a href='https://opensea.io/assets/0x495f947276749ce646f68ac8c248420045cb7b5e/43054914477634394329889595616748437970418716425254999584541130148339595083777' target='_blank' rel='nofollow'>seriously) →</a> Economics of <a href='https://opensea.io/assets/0x495f947276749ce646f68ac8c248420045cb7b5e/43054914477634394329889595616748437970418716425254999584541130126349362528257' target='_blank' rel='nofollow'>YouTube →</a> Original EE <a href='https://opensea.io/assets/0x495f947276749ce646f68ac8c248420045cb7b5e/43054914477634394329889595616748437970418716425254999584541130146140571828225' target='_blank' rel='nofollow'>logo →</a> Economics Explained Video (<a href='https://opensea.io/assets/0x495f947276749ce646f68ac8c248420045cb7b5e/43054914477634394329889595616748437970418716425254999584541130139543502061569' target='_blank' rel='nofollow'>Collage) →</a> Why are Billions of Dollars Worth of Ships Being Intentionally <a href='https://opensea.io/assets/0x495f947276749ce646f68ac8c248420045cb7b5e/43054914477634394329889595616748437970418716425254999584541130030691850911745' target='_blank' rel='nofollow'>Destroyed? →</a> Norway: Is It The Perfect <a href='https://opensea.io/assets/0x495f947276749ce646f68ac8c248420045cb7b5e/43054914477634394329889595616748437970418716425254999584541130131846920667137' target='_blank' rel='nofollow'>Economy? →</a> Google Sketchup House Speed Build (EE's very first Google Sketchup <a href='https://opensea.io/assets/0x495f947276749ce646f68ac8c248420045cb7b5e/43054914477634394329889595616748437970418716425254999584541130141742525317121' target='_blank' rel='nofollow'>video!) →</a> ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ 🖼 The Economics Of The Art Market: Why This Painting Isn't Worth $450 <a href='https://youtu.be/V5sOuET8UWA' target='_blank' rel='nofollow'>Million →</a> ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Enjoyed the video? Comment below! 💬 ⭑ Subscribe to Economics <a href='https://bit.ly/sub2ee' target='_blank' rel='nofollow'>Explained 👉</a> ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd <a href='https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g' target='_blank' rel='nofollow'>channel) →</a> ✉️ Business Enquiries → EconomicsExplained@ibg.yt 🎧 Listen to EE on <a href='https://anchor.fm/EconomicsExplained' target='_blank' rel='nofollow'>Spotify! 👉</a> Follow EE on social media: <a href='https://twitter.com/EconomicsEx' target='_blank' rel='nofollow'>Twitter 🐦 →</a> <a href='https://www.facebook.com/EconomicsEx' target='_blank' rel='nofollow'>Facebook →</a> <a href='https://www.instagram.com/EconomicsExplained' target='_blank' rel='nofollow'>Instagram →</a> <a href='https://discord.gg/MJGcTH6' target='_blank' rel='nofollow'>Discord →</a> ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron <a href='https://www.patreon.com/EconomicsExplained' target='_blank' rel='nofollow'>today! 👉</a> The video you’re watching right now would not exist without the monthly support provided by our generous Patrons: Morgon Goranson, Andy Potanin, Wicked Pilates, Tadeáš Ursíny, Logan, Angus Clydesdale, Michael G Harding, Hamad AL-Thani, Conrad Reuter, Tom Szuszai, Ryan Katz, Jack Doe, Igor Bazarny, Ronnie Henriksen, Irsal Mashhor, LT Marshall, Zara Armani, Bharath Chandra Sudheer, Dalton Flanagan, Andrew Harrison, Hispanidad, Michael Tan, Michael A. Dunn, Alex Gogan, Mariana Velasque, Bejomi, Sugga Daddy, Matthew Collinge, Kamar, Kekomod, Edward Flores, Brent Bohlken, Bobby Trusardi, Bryan Alvarez, EmptyMachine, Snuggle Boo Boo ThD, Christmas</span>\n</div>\n<div class='action-container flex justify-between'>\n<button aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'>\n<i class='fai fa-solid fa-align-left'></i>\n<span id='read_more'>Read More</span>\n</button>\n<div class='rp-report'>\n</div>\n</div>\n<div aria-labelledby='resource-details-heading' class='rp-info-section'>\n<h2 class='title' id='resource-details-heading'>Resource Details</h2>\n<div class='rp-resource-details clearfix'>\n<div class='detail'>\n<dl>\n<dt>Curator Rating</dt>\n<dd><span class=\"star-rating\" aria-label=\"4.0 out of 5 stars\" role=\"img\"><i class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"></i><i class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"></i><i class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"></i><i class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"></i><i class=\"fa-regular fa-star text-action\" aria-hidden=\"true\"></i></span></dd>\n</dl>\n</div>\n<div class='detail'>\n<dl>\n<dt class=\"educator-rating-title\">Educator Rating</dt><dd><div class=\"educator-rating-details\" data-path=\"/educator_ratings/rrp_data?resourceable_id=46803&amp;resourceable_type=Boclips%3A%3AVideoMetadata\"><span class=\"not-yet-rated\">Not yet Rated</span></div></dd>\n</dl>\n</div>\n<div class='detail'>\n<dl>\n<dt>Grade</dt><dd title=\"Grade\">6th - 11th</dd>\n</dl>\n</div>\n<div class='detail'>\n<dl>\n<dt>Subjects</dt><dd><span><a href=\"/search?grade_ids%5B%5D=252&amp;grade_ids%5B%5D=253&amp;grade_ids%5B%5D=254&amp;grade_ids%5B%5D=255&amp;grade_ids%5B%5D=256&amp;grade_ids%5B%5D=257&amp;search_tab_id=1&amp;subject_ids%5B%5D=1216220\">All Subjects</a></span></dd>\n</dl>\n</div>\n<div class='detail'>\n<dl>\n<dt>Media Type</dt><dd><span><a href=\"/search?grade_ids%5B%5D=252&amp;grade_ids%5B%5D=253&amp;grade_ids%5B%5D=254&amp;grade_ids%5B%5D=255&amp;grade_ids%5B%5D=256&amp;grade_ids%5B%5D=257&amp;search_tab_id=2&amp;type_ids%5B%5D=4543647\">Instructional Videos</a></span></dd>\n</dl>\n</div>\n<div class='detail'>\n<dl>\n<dt>Source:</dt>\n<dd></dd>\n</dl>\n</div>\n<div class='detail'>\n<dl>\n<dt>Date</dt>\n<dd>2021</dd>\n</dl>\n</div>\n<div class='detail'>\n<dl>\n<i aria-hidden='true' class='fai fa-solid fa-language'></i>\n\n</dl>\n</div>\n<div class='detail'>\n<dl>\n<dt>Audiences</dt><dd><span><a href=\"/search?audience_ids%5B%5D=371079&amp;grade_ids%5B%5D=252&amp;grade_ids%5B%5D=253&amp;grade_ids%5B%5D=254&amp;grade_ids%5B%5D=255&amp;grade_ids%5B%5D=256&amp;grade_ids%5B%5D=257&amp;search_tab_id=1\">For Teacher Use</a></span></dd><dd class=\"text-muted\"><i class=\"fa-solid fa-lock mr5\"></i>2 more...</dd>\n</dl>\n</div>\n<div class='detail'>\n<dl>\n\n</dl>\n</div>\n</div>\n</div>\n<div aria-labelledby='educator-ratings-heading' class='rp-info-section'>\n<h2 class='title sr-only' id='educator-ratings-heading'>Educator Ratings</h2>\n<div id=\"educator-ratings-root\"></div><div id=\"all-educator-ratings-root\"></div><div id=\"educator-rating-form-root\"></div>\n</div>\n</div>\n<div class='rp-resource'>\n<div aria-label='Show resource details' class='rp-show-info' role='button' tabindex='0'>\n<i class='fai fa-solid fa-align-left'></i>\nShow resource details\n</div>\n<div aria-label='Video player' class='player' id='player-wrapper' role='region'>\n<div class='relative container mx-auto' id='lp-boclips-visitor-thumbnail'>\n<a class=\"block\" data-html=\"true\" data-placement=\"bottom\" data-trigger=\"click\" data-content=\"<div class=&quot;text-center py-2&quot;><a class=&quot;bold&quot; 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