It’s good.

so far watched half of this, and it features very good explanations of certain obscure facets of NFTs

the overarching points this video makes even more clear;

-the primary function of NFTs is to puff cryptocurrency
-crypto is a somewhat novel and complex scam, it has no real value, niche, or future besides widening income inequality

Good video.

For all the ink spilled about NFTs and crypto, they're not fundamentally that complicated. They're a purely speculative asset. Other than some novel mechanisms behind them, that's all there is.

When the fed raises rates to combat inflation some time soon, I wonder if that will be enough to induce a crypto panic and sell off?

Up until August I worked at Brud, the studio behind virtual Instagram celebrity Lil' Miquela. They got big on NFT's, sold the first one for $86,000. Now they're worth about $10 to $30.

So the company shifted to DAO hype and a governance-token-based voting system where you get to decide what shoes Miquela wears. It's like a really expensive DAZ 3D crossed with Google Forms. Only they've been working on it for a year and still haven't released the Brud Tokens because technically/conceptually that shit doesn't really work.
They recently got bought by Dapper and everyone's now making shit-tons of money for doing basically nothing but talking about how DAO will change the world.

tldr: I worked for a world-changing DAO and all I got were these shitty NFTs.