Steve's project might have failed, but I can tell you from first-hand experience Gibson's NFT's are the real deal. Just last week my Gibson NFT cracked right at the headstock. I'm still looking for a virtual luthier to do a proper repair.
i wouldnt even pay 2600 usd to get that exact guitar and i am a vai fan. im so happy when ppl ignore money grabbing fake nonsense like this. it almost restores my faith in humanity
This was easy to predict. It's taken nearly 30 years for guitarists to begrudgingly accept digital modelling and that actually works. A incorporeal magic token had no chance.
I mean, digital modelling doesn't work, amp sims suck, Kempers sound like shit, and blockchain crypto/NFT stuff is a giant pyramid scheme robbing the gullible.
What's sad is even thought he explains NFT extremely well (It's a technology), I see comments from people on this very video saying stupid things like "NFTs are a money grab". UGH.
@@MybeautifulandamazingPrincess Saying NFTs are horrible because people use them for horrible things is like in the 80s saying the music CD is horrible because bad music was put onto CD. Or that Bluray is bad because bad movies are put on Bluray discs. The technology of NFTs are amazing but most people just know of the crap they are used for. If you think "NFTs are scams" then you are just showing how ignorant you are.
@@Mr.Batsu12 Well I said they're being used that way, not that they're that way in its essence. NFTs are being used for crypto scams, ponzi schemes and rug pulls. Just the fact that crypto is still the wild west and can't be regulated against frauds and scams currently, it's a given. That undoubtedly has damaged the idea of NFTs in many people's eyes
@@MybeautifulandamazingPrincess Oh, my bad. I thought you were agreeing with people who don't know what an NFT was but just associate them with scams. Yes, it's a shame NFTs are primarily being used this way. It's put a big stain on a useful technology.
I'm a big fan of Steve. NFTs are just a money grab. Can't believe he even offered this. Something tells me his team did this because he is not a money grabber.
Do you think famous paintings are worth hundreds if millions? Do you think Jimi Hendrix's guitar was worth millions? Nope. We have people that are too rich to know what to do with their money so they inflate their ego by inflating the prices on things that shouldn't have any, at all.
Great video! I'm amused to see how much the tide has turned against NFT's. Sony recently released "digital collectables" associated with Playstation games and went to great lengths to explain that they are not NFT's, you can't trade them, and they don't use blockchain technology.
Okay, this bizarre. I have been a subscriber to KDH and Patrick Boyle for a while. Now, Patrick Boyle, the finance professor, posts on KDH's guitar channel. Other than both are Irishmen, ... how does this happen? (Stares outside to see if planet killing meteor is about to crash.)
Is this a glitch in the matrix?! You're the last person I'd expect to see watching KDH, but I'm so glad to know you do, because this channel is awesome. Cheers!
One Vai project that never came to fruition was the whole "Real Illusions" story; that album is Part 1 and there were supposed to be multiple albums. If you partook in the EVO Experience on that tour, Steve gathered all of the participants in front of a camera and had everyone say a single word. At the show I attended, Columbus OH, the word was, 'We.' The idea was to compile all of the words said by all of the EVO Experience attendees throughout the tour and that would be a verse or something to a song that was to be the finale of the whole Real Illusions story. That never came to be as that was back in '05. Cool idea, shame it never materialized...yet at least.
i was VERY stoked on Real Illusions. that album didn't leave my cd changer for like 2 yrs straight. i remember hearing about the EVO 'word'(s) and it made me REALLY need the follow up. instead. SEVEN YRS LATER. we got 'The Story of Light'. which is rad too but "Real Illusions: Reflections" i can STILL put on and run it front to back without skipping a song.
As a 3d artist friends have asked me why I haven't created NFT's, to which I usually respond with "because I'm not a conman". NFT does have actual legitimate use, but to buy and sell jpgs? Nah, that's a giant waste.
It's more than that. You can build yourself as an artist with nfts having a bunch of stipulations on those nfts. You can be a conman...but you can be a legit business man. I could buy an nft from you that gives me a percentage on something you do.and if I sell it, you get a percentage everytime it's sold. It's a utility. You could build your own studio off of nfts.
@@NintenDub there is nothing remotely legit about NFTs. Nothing. They have zero relevance or value in the real world - just like cryptocurrencies. Fool's gold.
This screams to me that most of the guitar-oriented world has little to no understanding of what NFTs are lol. They want to seem relevant and hip so they take a chance on a new business idea, not having the knowledge to do a proper risk analysis. I was a little disappointed when I saw Vai do the NFT thing, though I never thought it was malicious. Just a boomer move...
If "boomer" refers to "baby boomer", I don't think it's appropriate here. They're less likely to be involved in tech crap like this. Just my take but I could be wrong. I'm sure someone will correct me if I am.
I don’t think the ignorance is just with the guitar community. Social media marketing is such a huge business now that there are teams of people across multiple industries scouring the internet for the latest fad to jump on. There’s very little oversight now , I can imagine 20 years ago someone in Steve’s team would have had to veto this , but social media is still seen as a dark art in marketing terms so they probably agreed as you said : with little to no understanding.
Doesn't he have a stake in the entire RG shape since it started off as a "cheaper JEM" in the first place? Zero reason why an NFT is necessary. Even a limited edition Funko Pop or $80 Vai mini statue/figure would be cooler
Man, I love how you take shots at people. It's refreshing to see a channel that isn't afraid to throw shade at musicians that people generally respect. People are too nice in this day and age. We need more hate in this world. Keep up the great work!
As a Vai fanboy, I think this was done by his team to get in on every new trend for the hydra guitar rather than steve having a huge passion for fucking jpegs. This was most likely done by his media team, the only reason I knew about this was because of one insta story i saw so they didnt put a lot of effort into the marketing either.
One of my mates explained NFTs to me a year ago and how people were making money from them (I'd literally not heard of them previously). It confirmed for me that some people will buy anything. Except guitar nfts it would seem.
I'll be glad when this NFT bullshit is over. I only own one NFT. It is the I OWN AMC NFT. I collected it the same day I sold all my shares lol. Btw love your channel KDH! Found you a couple months ago and binged all your content!
@@ReprobateMind I wish you were right. Recently at some parisian "Tech Event" among numerous "Internet of Things" bullshits, a startup was trying to sell NFTs on "connected Bonsaïs".
@@arvetemecha yeah if you look at all the numbers it never ever starter TBF, more people own and use digital assets in that decade or two old game second Life in 2021 that bought NFTs ever it was always a vocal minority, lots of the projects still are trying to start and failing but attendance at these places and people buying NFTs is a select small group of the Cryptobro community and most of them won't even touch NFTs, unless someone comes up with something useful to regular people they're dead
There's absolutely no way Steve knew what he was signing on the NFT things. He's such a lovable goof that if he knew what nft actually are being used for, he wouldn't sign.
Trogly has some knowledge pertaining to Norlin era Les Pauls. He's pretty knowledgable in general when it comes to Gibson's but the bulk of his knowledge is on Les Pauls from the 70's through to present day. Their are folk who are far more knowledgable but Austin knows his stuff. It's just a shame he's become less humble as times gone by. It's great to see someone do well but this guy won't answer questions in his comments on youtube but will if you pay him via his website. It's a shame these chips develop as time goes by and channels grow.
I like his channel and what he does, but yeah sometimes it feels like he forgets who his core audience is. When he says stuff like "Gibson should've charged more" and "It's *only* 6k".
The "legitimate uses" have no extra utility beyond a secure encrypted password in the first place though, it's quite literally just designed for market speculation (read: ponzi schemes) and drawing orders of magnitude more electricity. The only reason you'd want your password (or other like, "identifying code") to be stored on a blockchain instead of some centralized server is when you don't trust the provider of said server... which presumably you do if you're buying a guitar from them. And on the blockchain you're instead trusting every single little finger in the pie to not straight up steal or delete your stuff as it gets passed along
Don't come down on Steve this was most likely in Steve's contract with Ibanez as a part of the release of the Hydra. I've met Steve several times he doesn't come across as someone trying to rip his fans off, he probably doesn't care about the NFT either.
No, I'll come down on Steve for this. He's at a level in his career that he sets terms of contracts, he doesn't get bulldozed by corporate lawyers. Ibanez isn't pushing contract terms on him without his consent. At the end of the day, Steve is in charge of his business. Same with Bonamassa and all the tat he sells.
I think there's a lot of applications of digital signatures and storing data on a blockchain for the music industry. You can QR code parts and make it easy to verify their authenticities and trace their origin. Using a merkle tree, you can effectively print verifiable genuineness labels on an entire production lot of guitar strings for a fraction of a cent. But yeah, selling a receipt for nothing for thousands of dollars is kinda dumb.
I guess the guitar community still have some sense to understand that NFT's were created for people who don't know what to do with the extra money they have. For us, that extra $$ is obviously going to guitars🎸
Great video, but the technology behind NFTs doesn't have uses. Do a RU-vid search for "The Trouble with NFTs." An immutable ledger that requires you to burn the equivalent of 10 gas stations to add an entry has a catastrophic design flaw.
That’s a good point, especially for something on the Etherium blockchain. Eth in general really isn’t great, gas fees etc. However there are alternatives that have significantly less environmental impact which could make the tech make sense.
It’s like every tuber critical of nft’s always has a comment about the usefulness of the block chain tech so crypto dorks don’t lynch them in the comments. They come off as npc’s too me.
High GAS fees isn't a design flaw because it wasn't part of the original design of NFTs. High GAS fees are happening because of the current environment of cryptocurrencies. These can and will be fixed with time.
Just wanted to touch on that Fender video, it looks almost exactly like the graphics in Decentraland, which is a metaverse token where you can buy and sell digital land. So maybe Fender used that to build the “stratoverse” or whatever it’s called. Just speculating though. I don’t see a future for NFTs in music as the concept isn’t clear for a lot of people.
I'm a huge Steve Vai fan, but the world of NFTs is one that I refuse to get involved with. I'm kind of surprised and let down that Steve Vai got involved in the NFT game. I mean I can get behind Gibson including NFTs with their guitars and used in legitimate ways that are not a money grab, but it would be even better if Gibson employees could tell the differences between their own guitars and a cheap Chinese knock off, which speaks wonders towards their actual quality control issue.
Nft can help directly support new and upcoming bands instead of the bullshit industry ran by money and greed Sure there was great music but it was to the benefit of business not artists and music Support bands and artists you live by giving to them directly Nft is how we drop new are to our fans first They buy our stuff there and get perks that come w different ones Some tokens grant you access to things Don’t judge that which you do not fully understand We are in Pdx Spreading love and sharing music Helping bands Throwing free shows All because we sold our nfts and didn’t sign with a label who takes everything
Gibson will start giving a shit again when name recognition alone isn't enough anymore for them... so basically you might as well wait for pigs to fly.
I’m not greedy getting paid to write create produce and release music You’d rather bands be left to the industry at large rather than being able to support themselves thru things like nft releases We also partnered with lots of amazing artists to help promote each other’s work
Hey KDH , is it true that all modern Gibsons have a RFID tag under the fretboard? I heard it's for internal use and it's somewhere under the 1st to the 3rd fret of the guitars. 😃Cheers
steve is one person I'd give a buy on something like this until or unless it's a pattern. Knowing what he does and how he operates, it's not even unlikely that he'd be using NFTs to get funding to promote artists that don't get enough exposure. Other possibility is people who make comments "you know, you should do an NFT - I'd bid on it". That - not related to NFTs only, but requesting anything, is usually followed by disappearance. Just like people who say "you put a group buy together for this, I'm in dude. Count me in on 3 of them" A couple of months later: "yeah, I changed my mind, can you give me my deposit back?"
The crappy thing about NFTs is that they have so much potential. Bands issuing their own tickets via NFTs, on a public blockchain -- no scalping, no bots, no transfers. Ticketmaster would be out of business, if not for their exclusivity deals with venues :(
@@Boudica234 You’ve lost me. Faking something (fraud) is totally different than stealing it, which would be hacking. You can’t fake a transaction on the blockchain.
@@5urg3x The point is NFT's for verification purposes cannot be held in a so-called cold wallet. That means they can be stolen just like any other crypto.
@@Boudica234 Regular concert tickets can be stolen too. Two factor auth solves that, ie they need to present the ticket (or NFT) and a drivers license at the point of entry, or some other factor like a PIN.
@@5urg3x The authentication for lower priced items is PROBABLY safe because it PROBABLY wouldn't he worth it to steal these type of NFT's. But if the authentication is for stuff like real estate, expensive musical instruments (or other expensive assets I've heard suggested for NFT authentication) or expensive digital NFT "art" like Bored Ape, the shit is as vulnerable as any crypto held in a hot wallet.
Your delivery is very succinct. Your dry humor on this one is outrageous. And your attention to detail ... you should have been a lawyer. It's not too late, why not? You could make a video on it. :-)
I met Vai during a signing. I asked him for an autograph, he told me to give him $1000 & he'd go one better. So I gave him $1000 & he gestured for his security to lead me into a room. Steve walked in wearing a bathrobe & told me to lay down. He crouched over my face & said, "imma make you taste what my dinner smells like" & then he farted down my throat. He was right, I could taste the smell. In fact as I speak I can still taste it & if you're reading this far you've got too much time on your hands
@@lanatrzczka ohhh how I lay there, starry-eyed as he lowered his derrière. His puckered hole throbbing like an irate temporal vein. "Open" he whispered in a commanding tone, "open...". So I parted my lips & received his intangible treat. Why, the stench... by god t'was so foul it set my throat aflame!
@@lanatrzczka it's delightful, isn't it? to drink the ass of one's idol. His flatulence coursing down one's throat, oh! The inside of him adjoining with the inside of you. Yes, YES! Behold! For I have been marked! Vai'd, if you will! I carry his stink & if I were to sit on your face & make you taste the smell of my dinner you too would carry it as well!
I wonder how much of the proceeds from the Vaibrant guitars (Which are like the old ESP pickguard guitars that look like a floating strat pickguard and a neck but with his JEM style fluro paintjobs) I know he wouldnt allow use of the name for nothing..
It's like auctioning off exclusive downloadable content for one person to have with immutable proof on the chosen chain. I guess at some point it might become useful for artists but it seems like selling futures for value of artists. Digital assets in this NFT form seem to be more about boosting scarcity value and less about providing income stream for less well heeled artists.
I don't really know who they are trying to reach with this. Any guitar player looking to spend $2700 will spend it on actual gear, rather than a video of gear. Any non-guitar player doesn't give a crap about guitar NFTs.
I seriously doubt Vai knows what an NFT is - his marketing team probably put him up to it. Just a trendy way to get some attention for nothing. You make a great point about how NFTs could be used as certificates of authenticity for limited runs. Hadn’t thought about that. Great content as usual!
To be fair, Horizon Worlds is pretty popular on VR platforms like Meta (Oculus) and the graphics are janky because it’s VR in what is basically a cell phone chip… so not Fenders fault really for how it looks…
I personally don't even care about meaningful NFT utility. At best the benefits are marginal.
2 года назад
Vai, Gibson etc. are late on the initial NFT craze, as it's already over. It's alright if artists and companies experiment with NFTs a bit, to figure out decent use cases for this new technology. It'll take a few years for NFTs and what to do with them to mature. The Stratoverse seems quite cool. Everything has to start somewhere. It appears to simply be a map for some VR platform.
NFT is a digital signature that cannot be replicated on the blockchain, considering this, there can be actual real world use cases. Like IDs, concert tickets, degree certificate and many more like that. But its a "new thing" in the market so there will be a lot of money grabing and hype around it. Eventually when the hype dies, it will have a lot more use cases.
I got a Gibson les Paul and when someone stamped the serial number on, the last couple of letters are only just visible. The last one is only visible at certain angles. Took ages to find a guitar with the top I wanted. Now if it had nft instead as a verification, with photos ect, that could be something a little more easily identifiable as no 2 tops are the same.
It's hard to manufacture a new collectibles market for adults. There are a lot of practical applications for NFTs, like you said. Sticking to those will actually attract interest, although the name "NFT" may be ruined.
Fenders meta verse stuff maybe rudimentary. But they have the right idea. The whole meta verse is a seed. One day it has the possibility to be bigger than any social network we’ve ever seen. It might be a small step. But if they grow along with the meta verse the doors it could open could make guitars And Amps their second biggest product. Ya never know. But if you could meet new people and jam together or write songs together with a good quality experience I’d pay a hefty monthly fee for that service
Someone explained this to him in a convincing way and he went "ah well that's kinda cool let's do it" with good intentions and he's now realizing it was a bad idea. I don't see Steve doing this with I'll intentions. Who really knows tho. Lot of my heros have shown their true colors last few years.
Strato was a roman assistant for Marcus Brutus, when Brutus ordered Strato to stab him with his own sword, because suicide was seen as dishonourable, so imagine Stratos' fear ? (stratosphere)
It's a case of a celerity not knowing their fan base. Vai's fan base is almost entirely guitar players, mostly from the 80's, who spend all of their disposable income on guitar gear. I'd be surprised if any of his fans own any NFT's
I don't think anyone told Vai that Sugizo did this already and actually, you know, uses his triple neck out of practicality, otherwise he'd sometimes need three guitars and a violin in the same song.
I could see the appeal of the big guitar that looks like Homer Simpson designed it. This though. This NFT stuff is where I check out. Too many artist are cashing out as they reach the later part of their careers. He did this with all the low quality releases of the Jem too. Makes me not care about anything else he does form now on.
The receipt in music nft allows you to use it in your music and garnish wages from it. Maybe you create a commercial using clips from the video…mr. Vai gets his royalties and the nft owner gets paid too.
