{"id":479,"title":"NFTs, Explained","description":"This video, presented by Johnny Harris, delves into the burgeoning world of Non-Fungible Tokens (NFTs), explaining what they are, why they're valuable, and the underlying technology of blockchain. Harris highlights real-world examples of NFTs selling for millions of dollars, from the first tweet to digital art and NBA highlights. He simplifies the complex concepts of 'fungible' and 'non-fungible' using relatable examples like jackets and pizza, then introduces the blockchain as a public, verifiable ledger that removes the need for traditional intermediaries like banks. The video also touches on the environmental impact of blockchain technology and draws parallels between the current NFT craze and the dot-com bubble of the 1990s, suggesting that while the hype may eventually subside, the underlying technology has the potential to reshape how we perceive and validate value.","slug":"nfts-explained","creator":"johnnyharris","duration":1060.199909,"tags":["NFT","blockchain","cryptocurrency","digital art","non-fungible token","Johnny Harris","Ethereum","digital ownership","tech bubble","climate change"],"transcription":"Now to the latest trend that's sweeping the internet. Called NFTs. We're now selling for huge bucks. $69 million. So what's behind this latest craze? That is the question to ask. Okay, so there's some super strange stuff happening online right now. And I need to tell you about it. First, look at this tweet. The first tweet ever tweeted in the history of Twitter. The tweet was by Jack Dorsey. I'm one of the co-founders of Twitter. And this tweet was somehow just purchased for $2,915,835.47. You serious? And it's not just a tweet. Just last month, a single JPEG sold for $69 million. Oh my god. The NBA is selling little moments of basketball games for hundreds of thousands of dollars. This is all sorts of digital things that people are purchasing a version of them for lots of money. There are three simple letters that you need to understand to understand what's going on here. Those letters are NFT. What the hell's an NFT? What exactly is an NFT? So-called NFT. Y'all in the chat understand what an NFT is? Like does that stand for not safe for work? What is this what is this mean? Why would you pay for an NFT when you can look at it for free? Is this a gigantic bubble just waiting to burst? I believe in this space with my whole heart. I'm just fascinated by it, all of it. This story is much bigger than a $600,000 cat GIF. Or a $3 million tweet. It's a story about human psychology and how the way we value things is shifting because of technology. A technology that some people think may revolutionize our society while at the same time accelerating the climate disaster. It's really nuts. It's all of these things together and I want to explain it to you. So let's do this. What the hell's an NFT? Lebron James! That was insane. Officially insane, Lebron James. NFT stands for non-fungible token. Okay, there it is. That's the explanation. Non-fungible token, makes sense, right? So the video's over now. No. One of my issues with this topic is that people throw around things like blockchain, crypto art, ledger, NFT, and they just expect me to understand what they're talking about and I and I didn't. But first, ad break. Okay, I'm going to talk about a Tesla for a second. Customized by Unplugged Performance to be the most unique and high-quality Tesla there is. Oh, and it's not just a Tesla, it's also $20,000. You can enter for a chance to win the Tesla and $20,000 by going to Omaze.com/johnnyharris. When you donate $10 or more, your donation goes to support two nonprofits. 501C3 is the first one. They are an organization that seeks to mobilize the next generation to fight climate change by creating a global community that embraces low-carbon culture. The other one is called Give Power, which seeks to give clean drinkable water to the 2.2 billion people around the world who do not have safe access to clean water. The nonprofit uses its deep solar expertise to power and provide clean water, food security, and light to regions around the world. So, to potentially win a Tesla and $20,000 and to support these organizations, go to Omaze.com/johnnyharris to find out more. So, fungible. Let's talk about the word fungible. It's this very specific word that economists use. It has a very precise definition. I want to use a different word for fungible for a second. Let's just use the word replaceable. Non-fungible means non-replaceable. You can't replace it. There's only one of them. It's unique. Non-fungible. Let me give you an example of something I feel very strongly about. Let's say you want to buy an orange jacket. People send these to me, okay? This is really absurd. I've actually never counted these before. Um. Stop it. Get some help. You want to buy an orange jacket from Uniqlo. You go on the internet and a jacket costs $39. If you purchase one of these jackets for $39, you don't care what specific jacket they send to you. They're going to make thousands of jackets in your size, send them to stores, send them to people, and they will send one to you. You don't care which one it is. The jacket is fungible. It's replaceable. As long as you get one that's identical to the rest, it's worth the same to you. They're interchangeable. However, let's talk about one Uniqlo orange jacket that has been with me for a very long time. This is the original. And for those of you who don't know, I sort of have a strange attachment to this jacket. I just love it. I love the color. I like feel like an identity with this thing. And it's sort of starting to disintegrate, but I love it. And I kind of fell in love. This jacket is not replaceable. If I went onto the website and paid $39 for a Uniqlo orange jacket that was this exact same model, it would not be this jacket. This jacket is non-fungible. It is the only one on the planet that exists. It has emotional value. It has significance. It is a very valuable thing because it is scarce. There is only one of them. It's valuable to me at least. And I kind of fell in love. Okay. We can put these down for a second. Everything in our economy is one or the other. Fungible or non-fungible. A sack of rice is fungible. You just want a sack of rice. You don't care which one it is. The Mona Lisa, non-fungible. There's only one. Unsurprisingly, non-fungible things are way more valuable than fungible things. So that's the NF in NFT. Non-fungible. Now let's talk about the T, which is token. This is a very internetty word. And to explain this, I have to explain something I have avoided explaining for a very long time. The blockchain. Luckily, there's a way to understand this, and I'm going to make it as painless as possible. Let's say I want to buy three slices of pizza from my friend Anna. She charges me $6 for these three slices. I don't use cash anymore. So I pull out my debit card, my bank card, and I swipe on her little terminal. As soon as I swipe this card, a message is sent to my bank. And it says, \"Hey, Johnny, who has an account at your bank, wants to spend $6 on pizza, and that money needs to go to Anna's bank.\" This is like the bread and butter of what a bank does all day. They document every transaction that comes in from all their customers. They send out money to the other banks. And at the end of the day, they have a tally of all the money that went out of your account and into your account, and they can give you a number. They can say, \"Based on all of these transactions, you have $50 in your bank account.\" And so when that request comes in as I swipe my card, my bank is like, \"Okay, so based on all of your transactions, you have $50 in your account. I can send $6 to Anna's bank.\" Approved. And they approved the transaction. Once that money comes into Anna's bank, Anna's bank is doing the same thing. They're like, \"Oh, cool, she had $80, and now she has $86.\" And they add it to her record. More and more, your money is just a number on a screen. It's the result of a bunch of transactions. You don't barter with physical things, and you don't use cash as much. So the bank keeping meticulous records of every transaction becomes really important. We trust the bank to do this correctly. So thank you, banks. Banks and other middlemen have been keeping stuff like this running smoothly for centuries. I mean, kind of smoothly. The Nasdaq, everything and more has been. Worst day on Wall Street. What in the world is happening on Wall Street? There have been a few bumps in the road. With the rise of the internet, people started to wonder, \"Is there a way that we could do this same thing, coordinate this transaction of transfer of money between two people without the bank?\" The result is a very clever concept called the blockchain. The blockchain fulfills the same thing the bank was doing. But instead of doing this privately on my bank account and talking to Anna's bank, all of the transactions are actually recorded publicly on the internet. So let's redo this example in a crypto world. Anna charges me six crypto coins for my three slices of pizza. I go to swipe my proverbial bank card to say, \"Yes, I want to pay you six coins.\" Instead of the bank seeing that request for a transaction and trying to validate it, it goes onto this public record where a bunch of people's computers all around the world are keeping track of every single transaction of everyone, always. If I don't indeed have the six coins in my account to pay Anna, all of the people's computers who are keeping track of every single transaction will notice that there's a discrepancy. They'll be like, \"Whoa, whoa, whoa, dude, you don't have six coins. We're looking at every transaction ever, and you don't have six coins. Your transaction is rejected.\" If I do have six coins, all of the computers looking at the public record will see that request for a transaction, and they'll be like, \"Yep, approved. You have six coins, and now Anna has six coins.\" And they'll write that transaction into the public record. Now Anna, having those six extra coins, is now the business of everybody. Everybody now knows that. The point here is that the group verifies the legitimacy of every transaction by keeping an eye on every transaction to make sure that it adds up. Okay, I'm getting hot at this point, so I'm taking off my orange jacket. Okay. So you're wondering, \"What does the blockchain and this public record have anything to do with cat GIFs that sell for $600,000?\" Well, I'm about to tell you. So, in my pizza example, we talked about blockchain as a way to verify currency transaction. I pay you this much, you pay me this much, and everybody knows how much everybody has because it's all public. But this is where it starts to bend my mind a little bit. What if we apply this to something that isn't money or currency? Let's say one day you're just looking at the ledger. And the ledger's like, \"Johnny wants to give Anna six coins.\" Okay, he's got six coins. Approved. And then a transaction comes up that's like, \"A Malaysian businessman wants to give $3 million worth of coins to Jack Dorsey in exchange for a little token or digital certificate that says that the tweet is now somehow owned by the Malaysian businessman.\" The only thing that the blockchain cares about is, \"Does the Malaysian businessman have $3 million worth of coins?\" And so a bunch of computers all around the world look at the whole entire list of transactions and say like, \"Yeah, this guy has more than $3 million worth of coins.\" Approved. They approved the transaction. And now it is written in a public record that is unalterable, that says that this Malaysian businessman owns this tweet. The token has been transferred to somebody new. Non-fungible token. NFT. And if there's anything that gets human psychology to value something, it's if an entire group validates that it's real and that there's only one of them. There are tens of thousands of NFTs of all kinds. Some music is being given tokens. Lots of art is being minted as tokens and being bought and sold. And then, of course, there's uh NBA Top Shot, who's taking advantage of this. These highlight moments, these top shot moments from your favorite NBA players have been turned into non-fungible tokens. Jesse made headlines the other day when he paid $208,000 for LeBron James Top Shot. It's the weirdest thing. As soon as humans have enough abundance and have their basic needs met, food, shelter, warmth, et cetera, the next frontier is to create value in things that have no inherent value. The value turns into psychological hype, excitement around a certain thing. We've been doing that forever. I mean, that's the whole art industry is based on the idea of a bunch of people deciding that this painting, this little bit of canvas and wood and paint is valuable, and thus it is valuable. The only difference about now is we now have the technology to do this in a non-physical way, using this very sophisticated internet technology that is maturing very quickly. The blockchain. Okay, so this is a lot of hype, and I know you're probably thinking, like, \"Cool, there's a bunch of rich people online buying and trading digital art, and there's millions of dollars worth of cards. I thought you said that this was going to have the potential to change the world.\" And I'm getting there, but first I need to talk about the crazy flip side to the NFT fad. The reality is that the technology that is the backbone for all of this, the the blockchain stuff that we've been talking about, relies on the public ledger thing that I talked about. Like that is the sort of heart and soul conceptually. But mechanically, like physically, what it relies on is computers doing a bunch of little calculations all day and night forever. These computers aren't real computers. They don't have any memory or screens or anything. They all they do is just make little micro calculations all day, all night. Most NFTs are stored on a blockchain called Ethereum. And as of now, in early April 2021, when I'm filming this, the Ethereum blockchain is using 33 terawatt-hours of electricity. And you're like, \"What's a terawatt-hour of electricity?\" That's the same amount of power as the country of Serbia. A reminder that generating electricity usually comes from power plants that are burning fossil fuels that are putting carbon into the atmosphere, which is a big, freaking problem. Causing a man-made disaster on a global scale. The power consumption of the Ethereum blockchain is exploding. It is just it quadrupled in like eight months, and it is showing no sign of slowing down. It is a lot of energy. And to think that that much energy is not being used to like move people around or produce things, it's used to like crunch numbers in a weird computer warehouse somewhere so that somebody can buy a fake token of a thing that we only Oh, man, I just I can't. It's just it's mind-blowing. It's such an ironic moment where it's like, \"This is all digital. It's all fake. It's not real.\" But it's having deeply real-world effects. Ouch. Oh my god. I just I want to finish this video now. Talking about what this might mean for our world going forward. This is definitely hype, and that's the whole point. I mean, these speculation markets are all about hype. We see this all the time with new technologies and new things that people get excited about, and they swarm it with their investments and the price goes up, and then something happens. For example, Come on, Uncle Phil, it's the 90s, man. What's a web page? Something ducks lock on. Of equal value. So cash in on today's new accounts. Man, it's the 90s. It's hammer time. In the 90s, the internet was taking off, and people were just realizing that you could like make money on the internet. You could like make big businesses on the internet. The stock market was surging, 400% in five years, mainly fueled by so much hype and excitement around these new internet companies. Break the record as America's longest boom. The new economy. Is it a boom without end? This rise peaked in March of 2000, and then the bubble burst, and a lot of these companies either went under or completely lost all of this excitement valuation that they had. Sorry, didn't you? It was down some. But did that mean that the internet went away? Did that mean that internet businesses didn't come back? No. Companies went on to reshape our world. Right now, I think we are probably in that stage of NFTs. It's hype. It's novel. It's exciting. But what it's doing is it's pushing our minds to think differently about how we validate and verify things. If I buy a house, there is a whole thick stack of paperwork and a bunch of middlemen to make sure that it is very clear who owns the house and how that money gets transferred from one person to another. It is like a nightmare of an experience. If suddenly technology existed that took away the centralized middleman and made transactions between people able to be authenticated, verifiable, and much smoother, that could change our world. I'm not here to say if the bubble's going to burst or whatever. I don't know. I just know that this is a crazy moment where we're getting our heads around a new technology and what it means. And eventually, we'll adapt. This won't be crazy. This won't be novel anymore. Prices will go down, but the technology that allowed it all to happen will probably stick around. Tom Fox made the music for this video. He's really good and can make music for your videos too. tfbeats.com","timeline":[{"t":0,"speech":"Now to the latest trend that's sweeping the internet. Called NFTs. We're now selling for huge bucks. $69 million. So what's behind this latest craze? That is the question to ask.","visual":{"action":"The video opens with quick cuts of various news anchors discussing NFTs and large sums of money. A man in a blue sweater sits on a couch, laughing and pressing a red button. The scene shifts back to a news anchor, then to a four-panel split screen of different individuals reacting to the NFT discussion.","colors":{"dominant":"#000080","palette":["#000080","#800080","#C0C0C0","#008000","#FFFF00"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"medium"},"mood":"informative","objects":[{"color":"red","name":"button","position":"center","state":"pressed"},{"color":"gray","name":"couch","position":"center","state":"stationary"}],"people":[{"age_range":"30s","clothing":{"accessories":"none","bottom":"black pants","footwear":"not visible","top":"black blazer over white top"},"face":"serious, focused","hair":"dark brown, shoulder-length","hands":"gesturing to the left","pose":"sitting upright","position":"center"},{"age_range":"40s","clothing":{"accessories":"glasses","bottom":"dark gray trousers","footwear":"not visible","top":"light blue collared shirt with gray sweater"},"face":"laughing, mouth open","hair":"short, light brown","hands":"right hand pressing a red button","pose":"sitting, leaning forward","position":"center"},{"age_range":"30s","clothing":{"accessories":"glasses","bottom":"not visible","footwear":"not visible","top":"black t-shirt with red 'H' logo"},"face":"smiling","hair":"short, dark, curly","hands":"not visible","pose":"sitting, leaning slightly forward","position":"left"},{"age_range":"30s","clothing":{"accessories":"large hoop earrings","bottom":"not visible","footwear":"not visible","top":"pink blazer over black t-shirt"},"face":"smiling, looking up","hair":"bald","hands":"clasped in front","pose":"sitting, leaning slightly forward","position":"center left"},{"age_range":"30s","clothing":{"accessories":"none","bottom":"not visible","footwear":"not visible","top":"black jacket with white trim"},"face":"smiling","hair":"short, dark","hands":"not visible","pose":"sitting, leaning slightly forward","position":"center right"},{"age_range":"30s","clothing":{"accessories":"white earbuds","bottom":"not visible","footwear":"not visible","top":"purple hoodie"},"face":"smiling, beard","hair":"long, light brown, styled in a bun","hands":"not visible","pose":"sitting, leaning slightly forward","position":"right"}],"setting":{"architecture":"modern office","background":"blue world map graphic","lighting":"bright, even","location":"news studio"},"text_on_screen":[{"content":"ABC NEWS PRIME","location":"bottom left","style":"white sans-serif text on blue banner"},{"content":"IMMIGRATION CRISIS","location":"bottom center","style":"white sans-serif text on blue banner"},{"content":"UNACCOMPANIED MINORS ARRIVE AT TEXAS CONVENTION CENTER","location":"bottom center","style":"white sans-serif text on red banner"},{"content":"NEWS LIVE","location":"bottom right","style":"white sans-serif text on blue banner"},{"content":"Christie's Images/Beeple","location":"top right","style":"white sans-serif text on black banner"},{"content":"NFT: THE DIGITAL COLLECTABLE CRAZE","location":"bottom center","style":"white sans-serif text on black banner"},{"content":"LIVE","location":"bottom right","style":"white sans-serif text on black banner"},{"content":"DIGITAL ARTWORK SELLS FOR A STAGGERING $69M","location":"bottom center","style":"white sans-serif text on black banner"}]}},{"t":10,"speech":"Okay, so there's some super strange stuff happening online right now. And I need to tell you about it.","visual":{"action":"Johnny Harris sits at a wooden counter, looking directly at the camera, speaking with a serious expression. He gestures with his hands to emphasize his points.","colors":{"dominant":"#808080","palette":["#808080","#C0C0C0","#404040","#008080","#A0522D"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"medium close-up"},"mood":"serious","objects":[],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"light gray jacket over white t-shirt"},"face":"serious, direct gaze","hair":"light brown, styled up, short beard","hands":"gesturing with open palms","pose":"sitting upright, leaning slightly forward","position":"center"}],"setting":{"architecture":"modern, open-plan room with large windows","background":"windows on the left, framed artwork and a plant on the right, blurred","lighting":"natural light from windows, soft ambient light","location":"home office"},"text_on_screen":[]}},{"t":16,"speech":"First, look at this tweet. The first tweet ever tweeted in the history of Twitter.","visual":{"action":"The screen transitions to a white background with a Twitter tweet displayed. The Twitter bird logo appears above the tweet.","colors":{"dominant":"#FFFFFF","palette":["#FFFFFF","#ADD8E6","#000000","#008000"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"full screen"},"mood":"informative","objects":[{"color":"light blue","name":"Twitter logo","position":"top center","state":"static"},{"color":"black","name":"tweet text","position":"center","state":"static"}],"people":[],"setting":{"architecture":"none","background":"plain white","lighting":"bright, even","location":"digital space"},"text_on_screen":[{"content":"jack @jack Mar 22, 2006","location":"center","style":"black sans-serif text"},{"content":"just setting up my twttr","location":"center","style":"black sans-serif text"},{"content":"9.1K","location":"bottom left","style":"black sans-serif text"},{"content":"136.8K","location":"bottom center","style":"black sans-serif text"},{"content":"164.8K","location":"bottom right","style":"black sans-serif text"}]}},{"t":20,"speech":"The tweet was by Jack Dorsey. I'm one of the co-founders of Twitter.","visual":{"action":"The screen rapidly cuts between images of Jack Dorsey, CEO of Twitter. First, a close-up of his face, then him sitting at a desk with Twitter-themed graphics.","colors":{"dominant":"#FFFFFF","palette":["#FFFFFF","#000000","#808080","#008000","#FF0000"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up to medium shot"},"mood":"informative","objects":[{"color":"silver","name":"laptop","position":"center","state":"open"},{"color":"blue","name":"Twitter bird figurines","position":"front","state":"static"},{"color":"black","name":"hashtag symbol","position":"front","state":"static"}],"people":[{"age_range":"40s","clothing":{"accessories":"none","bottom":"not visible","footwear":"not visible","top":"black hoodie"},"face":"neutral, serious","hair":"dark brown, short, full beard","hands":"resting on the desk","pose":"sitting upright","position":"center"}],"setting":{"architecture":"minimalist studio","background":"plain white wall","lighting":"bright, even","location":"studio"},"text_on_screen":[{"content":"JACK DORSEY","location":"top right","style":"white sans-serif text"},{"content":"CEO OF TWITTER INC.","location":"bottom right","style":"white sans-serif text"}]}},{"t":23,"speech":"And this tweet was somehow just purchased for $2,915,835.47.","visual":{"action":"Johnny Harris returns to the screen, speaking directly to the camera. The scene then cuts to the tweet again, with a 'SOLD' stamp and the exact purchase price appearing on screen.","colors":{"dominant":"#FFFFFF","palette":["#FFFFFF","#ADD8E6","#000000","#008000","#800000"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"medium close-up to full screen"},"mood":"surprised","objects":[{"color":"light blue","name":"Twitter logo","position":"top center","state":"static"},{"color":"black","name":"tweet text","position":"center","state":"static"},{"color":"black","name":"SOLD stamp","position":"top right","state":"static"},{"color":"black","name":"price text","position":"bottom center","state":"static"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"light gray jacket over white t-shirt"},"face":"surprised, wide eyes","hair":"light brown, styled up, short beard","hands":"gesturing with open palms","pose":"sitting upright, leaning slightly forward","position":"center"}],"setting":{"architecture":"modern, open-plan room with large windows","background":"windows on the left, framed artwork and a plant on the right, blurred","lighting":"natural light from windows, soft ambient light","location":"home office"},"text_on_screen":[{"content":"jack @jack Mar 22, 2006","location":"center","style":"black sans-serif text"},{"content":"just setting up my twttr","location":"center","style":"black sans-serif text"},{"content":"9.1K","location":"bottom left","style":"black sans-serif text"},{"content":"136.8K","location":"bottom center","style":"black sans-serif text"},{"content":"164.8K","location":"bottom right","style":"black sans-serif text"},{"content":"SOLD","location":"top right","style":"white sans-serif text on black banner"},{"content":"$2,915,835.47","location":"bottom center","style":"black sans-serif text"}]}},{"t":33,"speech":"","visual":{"action":"A man in a suit is shown laughing hysterically, then another man approaches him, and the first man continues laughing.","colors":{"dominant":"#808080","palette":["#808080","#404040","#C0C0C0","#A0522D","#000000"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"medium shot to close-up"},"mood":"humorous","objects":[],"people":[{"age_range":"50s","clothing":{"accessories":"tie","bottom":"not visible","footwear":"not visible","top":"brown suit jacket over white shirt"},"face":"laughing, eyes crinkled","hair":"graying, combed back","hands":"not visible","pose":"sitting, leaning back","position":"center"},{"age_range":"20s","clothing":{"accessories":"none","bottom":"dark pants","footwear":"not visible","top":"dark jacket"},"face":"neutral, looking at the laughing man","hair":"dark brown, short","hands":"at sides","pose":"standing","position":"right"}],"setting":{"architecture":"office","background":"wooden panels, window with blinds, desk","lighting":"natural light, some artificial overhead","location":"office"},"text_on_screen":[]}},{"t":37,"speech":"You serious?","visual":{"action":"The man in the suit stops laughing and looks seriously at the camera, then the scene cuts back to Johnny Harris.","colors":{"dominant":"#808080","palette":["#808080","#404040","#C0C0C0","#A0522D","#000000"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up to medium close-up"},"mood":"serious","objects":[],"people":[{"age_range":"50s","clothing":{"accessories":"tie","bottom":"not visible","footwear":"not visible","top":"brown suit jacket over white shirt"},"face":"serious, questioning","hair":"graying, combed back","hands":"not visible","pose":"sitting, leaning back","position":"center"},{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"light gray jacket over white t-shirt"},"face":"serious, direct gaze","hair":"light brown, styled up, short beard","hands":"at sides","pose":"sitting upright, leaning slightly forward","position":"center"}],"setting":{"architecture":"office to home office","background":"wooden panels, window with blinds to windows and framed artwork","lighting":"natural light, some artificial overhead","location":"office to home office"},"text_on_screen":[]}},{"t":38,"speech":"And it's not just a tweet.","visual":{"action":"Johnny Harris speaks, then the screen transitions to a white background with a digital artwork composed of many small images. Text appears below the artwork.","colors":{"dominant":"#FFFFFF","palette":["#FFFFFF","#808080","#404040","#C0C0C0","#000000"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"medium close-up to full screen"},"mood":"informative","objects":[{"color":"multicolored","name":"digital artwork","position":"center","state":"static"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"light gray jacket over white t-shirt"},"face":"neutral, direct gaze","hair":"light brown, styled up, short beard","hands":"at sides","pose":"sitting upright","position":"center"}],"setting":{"architecture":"home office to digital space","background":"windows and framed artwork to plain white","lighting":"natural light, soft ambient light to bright, even","location":"home office to digital space"},"text_on_screen":[{"content":"EVERYDAYS: THE FIRST 5000 DAYS","location":"bottom left","style":"white sans-serif text on black banner"},{"content":"BEEPLE (B. 1981)","location":"bottom left","style":"white sans-serif text on black banner"}]}},{"t":40,"speech":"Just last month, a single JPEG sold for $69 million.","visual":{"action":"The digital artwork remains on screen, and text indicating the current bid and realized price appears, showing the JPEG sold for $69,346,250.","colors":{"dominant":"#FFFFFF","palette":["#FFFFFF","#808080","#404040","#C0C0C0","#000000","#FF0000"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"full screen"},"mood":"informative","objects":[{"color":"multicolored","name":"digital artwork","position":"left","state":"static"},{"color":"black","name":"price information","position":"center right","state":"static"}],"people":[],"setting":{"architecture":"none","background":"plain white","lighting":"bright, even","location":"digital space"},"text_on_screen":[{"content":"Current Bid(353 Bids) USD 60,250,000","location":"top right","style":"black sans-serif text"},{"content":"Extended: 0m 0s","location":"center right","style":"red sans-serif text"},{"content":"Price Realised USD 69,346,250","location":"top right","style":"black sans-serif text"},{"content":"Closed: 11 Mar 2021","location":"center right","style":"black sans-serif text"}]}},{"t":45,"speech":"Oh my God.","visual":{"action":"The screen transitions to a white background, then the NBA Top Shot logo appears. The scene then cuts to a basketball highlight video with accompanying text.","colors":{"dominant":"#FFFFFF","palette":["#FFFFFF","#000000","#FF0000","#000080","#808080"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"full screen"},"mood":"informative","objects":[{"color":"black and red","name":"NBA Top Shot logo","position":"center","state":"static"},{"color":"red and blue","name":"NBA logo","position":"left","state":"static"},{"color":"multicolored","name":"basketball highlight video","position":"left","state":"playing"},{"color":"black and white","name":"text overlay","position":"right","state":"static"}],"people":[{"age_range":"20s","clothing":{"accessories":"none","bottom":"red shorts","footwear":"red sneakers","top":"red jersey"},"face":"focused","hair":"short, dark","hands":"dunking a basketball","pose":"jumping, mid-dunk","position":"center left"}],"setting":{"architecture":"basketball court","background":"crowd, stadium lights","lighting":"bright, artificial","location":"basketball arena"},"text_on_screen":[{"content":"TOP SHOT","location":"center","style":"black sans-serif text"},{"content":"PASCAL SIAKAM, DUNK, Jan 29 2021","location":"top right","style":"white sans-serif text"},{"content":"Toronto Raptors","location":"bottom right","style":"white sans-serif text"},{"content":"Sacramento Kings","location":"bottom right","style":"white sans-serif text"}]}},{"t":50,"speech":"The NBA is selling little moments of basketball games for hundreds of thousands of dollars. This is all sorts of digital things that people are purchasing a version of them for lots of money.","visual":{"action":"The screen rapidly cuts between a news article headline about LeBron James's NFT selling for $208,000, and Johnny Harris speaking. 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Those letters are NFT.","visual":{"action":"Johnny Harris speaks, then the screen cuts to a black background where the letters 'N', 'F', and 'T' appear one by one, with glitch effects and images of news anchors and Johnny Harris filling the letters.","colors":{"dominant":"#000000","palette":["#000000","#800080","#0000FF","#FF00FF","#C0C0C0"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"medium close-up to full screen"},"mood":"informative","objects":[],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"light gray jacket over white t-shirt"},"face":"serious, direct gaze","hair":"light brown, styled up, short beard","hands":"gesturing with open palms","pose":"sitting upright, leaning slightly forward","position":"center"}],"setting":{"architecture":"home office to digital space","background":"windows and framed artwork to plain black","lighting":"natural light, soft ambient light to dark","location":"home office to digital space"},"text_on_screen":[{"content":"N","location":"center","style":"white sans-serif text with glitch effect"},{"content":"F","location":"center","style":"white sans-serif text with glitch effect"},{"content":"T","location":"center","style":"white sans-serif text with glitch effect"}]}},{"t":107,"speech":"What the hell's an NFT? What exactly is an NFT? So-called NFT. Y'all in the chat understand what an NFT is? Like does that stand for not safe for work? What is this what is this mean? Why would you pay for an NFT when you can look at it for free? Is this a gigantic bubble just waiting to burst? I believe in this space with my whole heart. I'm just fascinated by it, all of it.","visual":{"action":"The video rapidly cuts between various news anchors and individuals asking what an NFT is, interspersed with quick flashes of digital art, financial charts, and a man in a Robin costume from SNL. 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Or a $3 million tweet. It's a story about human psychology and how the way we value things is shifting because of technology. A technology that some people think may revolutionize our society while at the same time accelerating the climate disaster.","visual":{"action":"Johnny Harris speaks, then the screen cuts to a Nyan Cat GIF with its price, followed by Jack Dorsey's tweet with its price. The scene then transitions to a series of black and white and color clips depicting human brains, cash registers, old computers, data centers, melting glaciers, hurricanes, and crashing waves, illustrating the impact of technology and climate change.","colors":{"dominant":"#000000","palette":["#000000","#808080","#C0C0C0","#404040","#008080","#FF0000"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"medium close-up to various shots"},"mood":"serious","objects":[{"color":"gray and pink","name":"Nyan Cat GIF","position":"center","state":"animated"},{"color":"blue","name":"Twitter tweet","position":"center","state":"static"},{"color":"gray","name":"human brain model","position":"center","state":"static"},{"color":"black","name":"cash register with 'CASH' display","position":"center","state":"static"},{"color":"silver","name":"old computer reels","position":"center","state":"spinning"},{"color":"white","name":"server racks","position":"center","state":"static"},{"color":"blue and white","name":"glacier calving","position":"center","state":"melting"},{"color":"blue and red","name":"hurricane path map","position":"center","state":"static"},{"color":"green and blue","name":"ocean waves crashing","position":"center","state":"moving"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"light gray jacket over white t-shirt"},"face":"serious, direct gaze","hair":"light brown, styled up, short beard","hands":"gesturing with open palms","pose":"sitting upright, leaning slightly forward","position":"center"},{"age_range":"40s","clothing":{"accessories":"none","bottom":"not visible","footwear":"not visible","top":"white shirt"},"face":"neutral","hair":"dark, short","hands":"operating a machine","pose":"standing, looking at machine","position":"center"}],"setting":{"architecture":"home office to digital space to data center to nature","background":"windows and framed artwork to plain white to server racks to ocean and mountains","lighting":"natural light, soft ambient light to bright, even to artificial to natural","location":"home office to digital space to data center to ocean and mountains"},"text_on_screen":[{"content":"$631,875","location":"bottom left","style":"black sans-serif text"},{"content":"NYAN CAT","location":"bottom center","style":"black sans-serif text"},{"content":"$2,915,835","location":"bottom right","style":"black sans-serif text"},{"content":"ORIGINAL TWEET","location":"bottom right","style":"black sans-serif text"},{"content":"CASH","location":"top center","style":"white sans-serif text on black background"},{"content":"Dollars Cents","location":"center left","style":"white sans-serif text on black background"},{"content":"GMA","location":"bottom right","style":"white sans-serif text on blue background"}]}},{"t":152,"speech":"It's really nuts. It's all of these things together and I want to explain it to you. So let's do this.","visual":{"action":"Johnny Harris speaks directly to the camera, gesturing with his hands. He looks serious and engaged.","colors":{"dominant":"#808080","palette":["#808080","#C0C0C0","#404040","#008080","#A0522D"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"medium close-up"},"mood":"determined","objects":[],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"light gray jacket over white t-shirt"},"face":"serious, direct gaze","hair":"light brown, styled up, short beard","hands":"gesturing with open palms","pose":"sitting upright, leaning slightly forward","position":"center"}],"setting":{"architecture":"modern, open-plan room with large windows","background":"windows on the left, framed artwork and a plant on the right, blurred","lighting":"natural light from windows, soft ambient light","location":"home office"},"text_on_screen":[]}},{"t":158,"speech":"What the hell's an NFT? What exactly is an NFT? So-called NFT. Y'all in the chat understand what an NFT is? Like does that stand for not safe for work? What is this what is this mean? Why would you pay for an NFT when you can look at it for free? Is this a gigantic bubble just waiting to burst? I believe in this space with my whole heart. I'm just fascinated by it, all of it.","visual":{"action":"A series of quick cuts showing different people asking about NFTs, including a man in a Robin costume from SNL, a financial news anchor, the Nyan Cat GIF, a basketball highlight, and a man in a car. The phrase 'WTF IS AN NFT' appears on a black screen, composed of various digital artworks.","colors":{"dominant":"#000000","palette":["#000000","#800080","#0000FF","#FF00FF","#C0C0C0"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"various shots to full screen"},"mood":"confused","objects":[{"color":"red and green","name":"Robin costume","position":"center","state":"worn"},{"color":"blue and white","name":"financial chart","position":"center","state":"static"},{"color":"gray and pink","name":"Nyan Cat GIF","position":"center","state":"animated"},{"color":"yellow and purple","name":"basketball highlight","position":"center","state":"playing"},{"color":"multicolored","name":"digital artworks","position":"center","state":"static"}],"people":[{"age_range":"30s","clothing":{"accessories":"mask, cape","bottom":"red shorts","footwear":"not visible","top":"red and green Robin costume"},"face":"smiling, energetic","hair":"bald","hands":"outstretched","pose":"dancing, gesturing","position":"center"},{"age_range":"50s","clothing":{"accessories":"tie","bottom":"not visible","footwear":"not visible","top":"suit jacket and white shirt"},"face":"serious, looking at papers","hair":"bald","hands":"holding papers","pose":"sitting at a desk","position":"center"},{"age_range":"30s","clothing":{"accessories":"mask","bottom":"not visible","footwear":"not visible","top":"red and green Robin costume"},"face":"energetic, talking","hair":"bald","hands":"gesturing","pose":"sitting in a car","position":"center"}],"setting":{"architecture":"studio to financial newsroom to digital space to car interior","background":"red wall with circles to financial data to blue background to city lights","lighting":"bright, artificial to bright, artificial to dark to city lights","location":"studio to financial newsroom to digital space to city street"},"text_on_screen":[{"content":"\"SNL\"/Mar. 27, 2021","location":"top right","style":"white sans-serif text"},{"content":"coindesk.tv","location":"top left","style":"white sans-serif text"},{"content":"NFT","location":"bottom center","style":"white sans-serif text"},{"content":"BITCOIN/USD COINBASE","location":"top left","style":"white sans-serif text"},{"content":"47,660.50 +2,837.25 [+6.33%]","location":"top left","style":"white sans-serif text"},{"content":"S&P, NASDAQ HIT RECORD HIGHS WEDNESDAY BEFORE CLOSING LOWER","location":"bottom center","style":"white sans-serif text"},{"content":"MARKET ALERT","location":"bottom left","style":"white sans-serif text"},{"content":"WTF IS AN NFT","location":"center","style":"white sans-serif text composed of digital art"}]}},{"t":209,"speech":"NFT stands for non-fungible token. Okay, there it is. That's the explanation. Non-fungible token, makes sense, right? So the video's over now.","visual":{"action":"Johnny Harris speaks to the camera. The words 'NON FUNGIBLE TOKEN' appear on screen, then disappear, and Johnny Harris looks around, then back at the camera.","colors":{"dominant":"#808080","palette":["#808080","#C0C0C0","#404040","#008080","#A0522D"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"medium close-up"},"mood":"informative","objects":[],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"light gray jacket over white t-shirt"},"face":"neutral, direct gaze","hair":"light brown, styled up, short beard","hands":"at sides","pose":"sitting upright, leaning slightly forward","position":"center"}],"setting":{"architecture":"modern, open-plan room with large windows","background":"windows on the left, framed artwork and a plant on the right, blurred","lighting":"natural light from windows, soft ambient light","location":"home office"},"text_on_screen":[{"content":"NON FUNGIBLE TOKEN","location":"center","style":"white sans-serif text"}]}},{"t":220,"speech":"No. One of my issues with this topic is that people throw around things like blockchain, crypto art, ledger, NFT, and they just expect me to understand what they're talking about and I and I didn't.","visual":{"action":"Johnny Harris shakes his head and explains his frustration with the jargon surrounding NFTs, gesturing with his hands. The screen then transitions to a black background with text.","colors":{"dominant":"#000000","palette":["#000000","#808080","#C0C0C0","#404040","#A0522D"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"medium close-up to full screen"},"mood":"frustrated","objects":[],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"light gray jacket over white t-shirt"},"face":"frustrated, shaking head","hair":"light brown, styled up, short beard","hands":"gesturing with open palms","pose":"sitting upright, leaning slightly forward","position":"center"}],"setting":{"architecture":"home office to digital space","background":"windows and framed artwork to plain black","lighting":"natural light, soft ambient light to dark","location":"home office to digital space"},"text_on_screen":[{"content":"BUT FIRST","location":"center","style":"white sans-serif text"},{"content":"AD BREAK","location":"center","style":"white sans-serif text"}]}},{"t":233,"speech":"","visual":{"action":"The words 'AD BREAK' expand and move towards the viewer, then fade to black.","colors":{"dominant":"#000000","palette":["#000000","#808080","#C0C0C0","#404040"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"full screen"},"mood":"neutral","objects":[],"people":[],"setting":{"architecture":"none","background":"plain black","lighting":"dark","location":"digital space"},"text_on_screen":[{"content":"AD BREAK","location":"center","style":"white sans-serif text"}]}},{"t":235,"speech":"Okay, I'm going to talk about a Tesla for a second.","visual":{"action":"Johnny Harris reappears, looking directly at the camera. The scene then cuts to a sleek gray Tesla car.","colors":{"dominant":"#808080","palette":["#808080","#C0C0C0","#404040","#008080","#A0522D"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up to medium shot"},"mood":"informative","objects":[{"color":"gray","name":"Tesla car","position":"center","state":"static"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"striped button-up shirt"},"face":"serious, direct gaze","hair":"light brown, styled up, short beard","hands":"at sides","pose":"sitting upright","position":"center"}],"setting":{"architecture":"home office to garage","background":"windows and framed artwork to metal wall","lighting":"natural light, soft ambient light to bright, artificial","location":"home office to garage"},"text_on_screen":[]}},{"t":238,"speech":"Customized by Unplugged Performance to be the most unique and high-quality Tesla there is.","visual":{"action":"The video shows close-ups of the Tesla's customized wheels, the tan leather interior, and the infotainment screen displaying a fireplace animation.","colors":{"dominant":"#808080","palette":["#808080","#C0C0C0","#404040","#A0522D","#FF0000"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up"},"mood":"impressive","objects":[{"color":"silver","name":"car wheel","position":"center","state":"static"},{"color":"tan","name":"car seats","position":"center","state":"static"},{"color":"black","name":"infotainment screen","position":"center","state":"displaying fireplace animation"}],"people":[],"setting":{"architecture":"car interior","background":"car interior","lighting":"artificial, warm","location":"car interior"},"text_on_screen":[{"content":"Omaze","location":"bottom left","style":"white script text on black background"}]}},{"t":242,"speech":"Oh, and it's not just a Tesla, it's also $20,000.","visual":{"action":"Johnny Harris reappears, speaking with wide eyes. The scene then cuts to a black and white clip of a man operating a cash register and counting money.","colors":{"dominant":"#000000","palette":["#000000","#808080","#C0C0C0","#404040"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up to medium shot"},"mood":"surprised","objects":[{"color":"black","name":"cash register","position":"left","state":"operational"},{"color":"white","name":"money bills","position":"center","state":"being counted"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"striped button-up shirt"},"face":"wide-eyed, surprised","hair":"light brown, styled up, short beard","hands":"at sides","pose":"sitting upright","position":"center"},{"age_range":"40s","clothing":{"accessories":"none","bottom":"not visible","footwear":"not visible","top":"suit jacket and tie"},"face":"smiling","hair":"short, dark","hands":"operating cash register, counting money","pose":"standing, leaning over counter","position":"center"}],"setting":{"architecture":"home office to store","background":"windows and framed artwork to dark, blurred","lighting":"natural light, soft ambient light to artificial, direct","location":"home office to store counter"},"text_on_screen":[]}},{"t":247,"speech":"You can enter for a chance to win the Tesla and $20,000 by going to Omaze.com/johnnyharris.","visual":{"action":"Johnny Harris speaks directly to the camera. The Omaze logo appears on a black background, with the website address below it. The Tesla car is subtly visible in the background.","colors":{"dominant":"#000000","palette":["#000000","#FFFFFF","#008080","#404040"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up to full screen"},"mood":"informative","objects":[{"color":"white","name":"Omaze logo","position":"center","state":"static"},{"color":"gray","name":"Tesla car silhouette","position":"background","state":"static"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"striped button-up shirt"},"face":"serious, direct gaze","hair":"light brown, styled up, short beard","hands":"at sides","pose":"sitting upright","position":"center"}],"setting":{"architecture":"home office to digital space","background":"windows and framed artwork to plain black with car silhouette","lighting":"natural light, soft ambient light to dark","location":"home office to digital space"},"text_on_screen":[{"content":"Omaze","location":"center","style":"white script text"},{"content":"OMAZE.COM/JOHNNYHARRIS","location":"bottom center","style":"white sans-serif text"}]}},{"t":255,"speech":"When you donate $10 or more, your donation goes to support two nonprofits. 501C3 is the first one. They are an organization that seeks to mobilize the next generation to fight climate change by creating a global community that embraces low-carbon culture.","visual":{"action":"Johnny Harris speaks to the camera. The screen then cuts to a series of clips showing children and adults involved in various community and environmental activities, including a group huddle, a recycling machine, and solar panel installation.","colors":{"dominant":"#808080","palette":["#808080","#C0C0C0","#404040","#008000","#A0522D"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up to various shots"},"mood":"hopeful","objects":[{"color":"blue","name":"recycling machine","position":"right","state":"static"},{"color":"black","name":"solar panels","position":"top","state":"installed"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"striped button-up shirt"},"face":"serious, direct gaze","hair":"light brown, styled up, short beard","hands":"at sides","pose":"sitting upright","position":"center"},{"age_range":"child","clothing":{"accessories":"none","bottom":"not visible","footwear":"not visible","top":"various t-shirts"},"face":"smiling, engaged","hair":"short, dark","hands":"clasped in a huddle","pose":"huddled together","position":"center"},{"age_range":"adult","clothing":{"accessories":"sunglasses","bottom":"not visible","footwear":"not visible","top":"t-shirt with vest"},"face":"focused","hair":"dark, styled up","hands":"working on solar panel","pose":"standing, working","position":"center"}],"setting":{"architecture":"home office to gymnasium to hallway to outdoor rural setting","background":"windows and framed artwork to white walls to community center to mountains and villages","lighting":"natural light, soft ambient light to bright, artificial to bright, artificial to natural, sunny","location":"home office to community center to rural village"},"text_on_screen":[{"content":"kindhumans","location":"bottom right","style":"white sans-serif text on blue background"}]}},{"t":313,"speech":"The other one is called Give Power, which seeks to give clean drinkable water to the 2.2 billion people around the world who do not have safe access to clean water. The nonprofit uses its deep solar expertise to power and provide clean water, food security, and light to regions around the world.","visual":{"action":"Johnny Harris speaks to the camera. The Give Power logo appears, then the screen cuts to clips of hands catching clean water, a Give Power facility, people drinking water, and solar panels being installed in various global locations.","colors":{"dominant":"#008080","palette":["#008080","#FFFFFF","#000000","#A0522D","#404040"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up to various shots"},"mood":"hopeful","objects":[{"color":"white","name":"Give Power logo","position":"center","state":"static"},{"color":"blue","name":"water","position":"center","state":"flowing"},{"color":"black","name":"solar panels","position":"top","state":"installed"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"striped button-up shirt"},"face":"serious, direct gaze","hair":"light brown, styled up, short beard","hands":"at sides","pose":"sitting upright","position":"center"},{"age_range":"adult","clothing":{"accessories":"hat","bottom":"not visible","footwear":"not visible","top":"green t-shirt"},"face":"smiling, drinking","hair":"dark, short","hands":"holding a glass","pose":"drinking, thumbs up","position":"center"},{"age_range":"child","clothing":{"accessories":"none","bottom":"not visible","footwear":"not visible","top":"green t-shirt"},"face":"smiling","hair":"dark, short","hands":"holding a cup","pose":"standing, smiling","position":"center"}],"setting":{"architecture":"home office to outdoor rural setting","background":"windows and framed artwork to tropical landscape to village","lighting":"natural light, soft ambient light to natural, sunny","location":"home office to rural village to outdoor market"},"text_on_screen":[{"content":"givepower","location":"center","style":"white sans-serif text"},{"content":"CLEAN WATER FOR 15,780 PEOPLE EVERY DAY","location":"top center","style":"white sans-serif text on black background"},{"content":"CLEAN WATER FOR 35,000 PEOPLE EVERY DAY","location":"top center","style":"white sans-serif text on black background"}]}},{"t":331,"speech":"So, to potentially win a Tesla and $20,000 and to support these organizations, go to Omaze.com/johnnyharris to find out more.","visual":{"action":"Johnny Harris speaks directly to the camera, gesturing with his hands. The Omaze website address appears on screen.","colors":{"dominant":"#808080","palette":["#808080","#C0C0C0","#404040","#008080","#A0522D"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up to full screen"},"mood":"informative","objects":[],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"striped button-up shirt"},"face":"serious, direct gaze","hair":"light brown, styled up, short beard","hands":"gesturing with open palms","pose":"sitting upright, leaning slightly forward","position":"center"}],"setting":{"architecture":"home office to digital space","background":"windows and framed artwork to plain white","lighting":"natural light, soft ambient light to bright, even","location":"home office to digital space"},"text_on_screen":[{"content":"OMAZE.COM/JOHNNYHARRIS","location":"bottom center","style":"white sans-serif text on blue background"}]}},{"t":341,"speech":"So, fungible. Let's talk about the word fungible. It's this very specific word that economists use. It has a very precise definition.","visual":{"action":"Johnny Harris speaks to the camera. The word 'FUNGIBLE' appears on a white background, then its definition is displayed below.","colors":{"dominant":"#FFFFFF","palette":["#FFFFFF","#000000","#808080","#C0C0C0"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up to full screen"},"mood":"informative","objects":[],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"light gray jacket over white t-shirt"},"face":"serious, direct gaze","hair":"light brown, styled up, short beard","hands":"gesturing with open palms","pose":"sitting upright, leaning slightly forward","position":"center"}],"setting":{"architecture":"home office to digital space","background":"windows and framed artwork to plain white","lighting":"natural light, soft ambient light to bright, even","location":"home office to digital space"},"text_on_screen":[{"content":"FUNGIBLE","location":"center","style":"black sans-serif text"},{"content":"(OF GOODS CONTRACTED FOR WITHOUT AN INDIVIDUAL SPECIMEN BEING SPECIFIED) REPLACEABLE BY ANOTHER IDENTICAL ITEM; MUTUALLY INTERCHANGEABLE.","location":"bottom center","style":"black sans-serif text"}]}},{"t":349,"speech":"I want to use a different word for fungible for a second. Let's just use the word replaceable. Non-fungible means non-replaceable. You can't replace it. There's only one of them. It's unique. Non-fungible.","visual":{"action":"Johnny Harris speaks to the camera, then the screen cuts to the word 'REPLACEABLE' appearing, then 'NON-REPLACEABLE' below 'NON-FUNGIBLE'. Finally, a picture of the Mona Lisa appears with 'NON-REPLACEABLE' below it.","colors":{"dominant":"#FFFFFF","palette":["#FFFFFF","#000000","#808080","#A0522D","#C0C0C0"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up to full screen"},"mood":"informative","objects":[{"color":"multicolored","name":"Mona Lisa painting","position":"top center","state":"static"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"light gray jacket over white t-shirt"},"face":"serious, direct gaze","hair":"light brown, styled up, short beard","hands":"gesturing with open palms","pose":"sitting upright, leaning slightly forward","position":"center"}],"setting":{"architecture":"home office to digital space","background":"windows and framed artwork to plain white","lighting":"natural light, soft ambient light to bright, even","location":"home office to digital space"},"text_on_screen":[{"content":"REPLACEABLE","location":"center","style":"black sans-serif text"},{"content":"NON-FUNGIBLE","location":"top center","style":"black sans-serif text"},{"content":"NON-REPLACEABLE","location":"bottom center","style":"black sans-serif text"}]}},{"t":399,"speech":"Let me give you an example of something I feel very strongly about.","visual":{"action":"Johnny Harris speaks, then leans down and retrieves a pile of orange jackets from below the counter. He then stands up holding one of the jackets.","colors":{"dominant":"#A0522D","palette":["#A0522D","#FFFFFF","#808080","#C0C0C0","#404040"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"medium close-up to medium shot"},"mood":"enthusiastic","objects":[{"color":"orange","name":"puffer jackets","position":"below counter, then on counter","state":"piled up"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"light gray jacket over white t-shirt"},"face":"smiling, enthusiastic","hair":"light brown, styled up, short beard","hands":"reaching, then holding jacket","pose":"sitting, then standing, then leaning over counter","position":"center"}],"setting":{"architecture":"modern, open-plan room with large windows","background":"windows on the left, framed artwork and a plant on the right, blurred","lighting":"natural light from windows, soft ambient light","location":"home office"},"text_on_screen":[]}},{"t":406,"speech":"Let's say you want to buy an orange jacket.","visual":{"action":"Johnny Harris holds up an orange jacket, then places it on the counter with others. He then picks up another jacket, and then two more, showing a pile of identical orange jackets.","colors":{"dominant":"#A0522D","palette":["#A0522D","#FFFFFF","#808080","#C0C0C0","#404040"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"medium shot"},"mood":"informative","objects":[{"color":"orange","name":"puffer jackets","position":"on counter","state":"piled up"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"light gray jacket over white t-shirt"},"face":"neutral, focused","hair":"light brown, styled up, short beard","hands":"holding and placing jackets","pose":"standing, leaning over counter","position":"center"}],"setting":{"architecture":"modern, open-plan room with large windows","background":"windows on the left, framed artwork and a plant on the right, blurred","lighting":"natural light from windows, soft ambient light","location":"home office"},"text_on_screen":[]}},{"t":414,"speech":"People send these to me, okay? This is really absurd. I've actually never counted these before. Um.","visual":{"action":"Johnny Harris holds up two identical orange jackets, then places them back on the pile. He looks slightly amused.","colors":{"dominant":"#A0522D","palette":["#A0522D","#FFFFFF","#808080","#C0C0C0","#404040"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"medium shot"},"mood":"amused","objects":[{"color":"orange","name":"puffer jackets","position":"on counter","state":"piled up"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"light gray jacket over white t-shirt"},"face":"smiling, amused","hair":"light brown, styled up, short beard","hands":"holding and placing jackets","pose":"standing, leaning over counter","position":"center"}],"setting":{"architecture":"modern, open-plan room with large windows","background":"windows on the left, framed artwork and a plant on the right, blurred","lighting":"natural light from windows, soft ambient light","location":"home office"},"text_on_screen":[{"content":"PEOPLE SEND THESE TO ME OK?","location":"bottom center","style":"white sans-serif text on black background"}]}},{"t":419,"speech":"Stop it. Get some help. You want to buy an orange jacket from Uniqlo. You go on the internet and a jacket costs $39. If you purchase one of these jackets for $39, you don't care what specific jacket they send to you. They're going to make thousands of jackets in your size, send them to stores, send them to people, and they will send one to you. You don't care which one it is. The jacket is fungible. It's replaceable. As long as you get one that's identical to the rest, it's worth the same to you. They're interchangeable.","visual":{"action":"A black and white clip shows Michael Jordan looking serious. The screen then cuts to an orange Uniqlo jacket with a '$39' price tag. Three identical jackets are then shown, and Johnny Harris returns to the screen, gesturing with his hands over the pile of jackets.","colors":{"dominant":"#A0522D","palette":["#A0522D","#FFFFFF","#808080","#C0C0C0","#000000"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up to full screen to medium close-up"},"mood":"informative","objects":[{"color":"orange","name":"Uniqlo jacket","position":"center","state":"static"},{"color":"red","name":"Uniqlo logo","position":"top center","state":"static"},{"color":"black","name":"price tag","position":"center","state":"static"},{"color":"orange","name":"puffer jackets","position":"on counter","state":"piled up"}],"people":[{"age_range":"50s","clothing":{"accessories":"tie","bottom":"not visible","footwear":"not visible","top":"light suit jacket"},"face":"serious","hair":"short, dark","hands":"not visible","pose":"sitting","position":"center"},{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"white long-sleeve t-shirt"},"face":"neutral, direct gaze","hair":"light brown, styled up, short beard","hands":"gesturing with open palms","pose":"standing, leaning over counter","position":"center"}],"setting":{"architecture":"studio to digital space to home office","background":"gray background to plain white to windows and framed artwork","lighting":"dark to bright, even to natural light, soft ambient light","location":"studio to digital space to home office"},"text_on_screen":[{"content":"UNIQLO","location":"top right","style":"red sans-serif text"},{"content":"$39","location":"center","style":"white sans-serif text on black background"},{"content":"FUNGIBLE","location":"center","style":"white sans-serif text on black background"}]}},{"t":448,"speech":"However, let's talk about one Uniqlo orange jacket that has been with me for a very long time.","visual":{"action":"Johnny Harris speaks, then picks up one of the orange jackets from the pile, holding it up and looking at it with affection. The scene then cuts to a montage of him wearing the jacket in various outdoor and travel settings.","colors":{"dominant":"#A0522D","palette":["#A0522D","#FFFFFF","#808080","#C0C0C0","#404040"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"medium close-up to various shots"},"mood":"nostalgic","objects":[{"color":"orange","name":"puffer jacket","position":"center","state":"held"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"white long-sleeve t-shirt"},"face":"smiling, affectionate","hair":"light brown, styled up, short beard","hands":"holding jacket","pose":"standing, leaning over counter","position":"center"},{"age_range":"30s","clothing":{"accessories":"backpack","bottom":"not visible","footwear":"not visible","top":"orange puffer jacket"},"face":"looking around, smiling","hair":"light brown, styled up, short beard","hands":"holding coffee cup","pose":"walking, looking at scenery","position":"center"}],"setting":{"architecture":"home office to forest to cafe to mountains to bridge","background":"windows and framed artwork to snowy forest to cafe interior to mountain landscape to Golden Gate Bridge","lighting":"natural light, soft ambient light to natural, sunny to artificial to natural, sunny to overcast","location":"home office to various outdoor and indoor locations"},"text_on_screen":[]}},{"t":499,"speech":"This is the original. And for those of you who don't know, I sort of have a strange attachment to this jacket. I just love it. I love the color. I like feel like an identity with this thing. And it's sort of starting to disintegrate, but I love it. And I kind of fell in love. This jacket is not replaceable. If I went onto the website and paid $39 for a Uniqlo orange jacket that was this exact same model, it would not be this jacket. This jacket is non-fungible. It is the only one on the planet that exists. It has emotional value. It has significance. It is a very valuable thing because it is scarce. There is only one of them. It's valuable to me at least. And I kind of fell in love.","visual":{"action":"Johnny Harris puts on the orange jacket, then speaks to the camera, gesturing with his hands. The screen cuts to a close-up of his face, then back to him. The Uniqlo jacket with a '$39' price tag and three identical jackets are shown again, then a picture of the Mona Lisa with 'NON-REPLACEABLE' below it. Johnny Harris continues to speak, emphasizing his points with hand gestures.","colors":{"dominant":"#A0522D","palette":["#A0522D","#FFFFFF","#808080","#C0C0C0","#404040"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"medium shot to close-up to full screen"},"mood":"passionate","objects":[{"color":"orange","name":"puffer jacket","position":"worn","state":"worn"},{"color":"orange","name":"puffer jackets","position":"on counter","state":"piled up"},{"color":"orange","name":"Uniqlo jacket","position":"center","state":"static"},{"color":"red","name":"Uniqlo logo","position":"top center","state":"static"},{"color":"black","name":"price tag","position":"center","state":"static"},{"color":"multicolored","name":"Mona Lisa painting","position":"top center","state":"static"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"orange puffer jacket over white long-sleeve t-shirt"},"face":"smiling, passionate","hair":"light brown, styled up, short beard","hands":"gesturing with open palms, touching jacket","pose":"standing, leaning over counter","position":"center"}],"setting":{"architecture":"home office to digital space","background":"windows and framed artwork to plain white","lighting":"natural light, soft ambient light to bright, even","location":"home office to digital space"},"text_on_screen":[{"content":"UNIQLO","location":"top right","style":"red sans-serif text"},{"content":"$39","location":"center","style":"white sans-serif text on black background"},{"content":"NON-REPLACEABLE","location":"bottom center","style":"black sans-serif text"}]}},{"t":537,"speech":"Okay. We can put these down for a second. Everything in our economy is one or the other. Fungible or non-fungible. A sack of rice is fungible. You just want a sack of rice. You don't care which one it is. The Mona Lisa, non-fungible. There's only one. Unsurprisingly, non-fungible things are way more valuable than fungible things.","visual":{"action":"Johnny Harris takes off the orange jacket, then speaks to the camera. The screen cuts to a white background with 'NON-FUNGIBLE' above 'FUNGIBLE'. A sack of rice appears below 'FUNGIBLE', then the Mona Lisa painting appears below 'NON-FUNGIBLE'. Money bills fall from the top of the screen.","colors":{"dominant":"#FFFFFF","palette":["#FFFFFF","#000000","#808080","#A0522D","#C0C0C0"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"medium shot to full screen"},"mood":"informative","objects":[{"color":"orange","name":"puffer jacket","position":"removed","state":"removed"},{"color":"white","name":"sack of rice","position":"bottom center","state":"static"},{"color":"multicolored","name":"Mona Lisa painting","position":"top center","state":"static"},{"color":"green","name":"money bills","position":"top","state":"falling"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"white long-sleeve t-shirt"},"face":"neutral, direct gaze","hair":"light brown, styled up, short beard","hands":"gesturing with open palms","pose":"standing, leaning over counter","position":"center"}],"setting":{"architecture":"home office to digital space","background":"windows and framed artwork to plain white","lighting":"natural light, soft ambient light to bright, even","location":"home office to digital space"},"text_on_screen":[{"content":"NON-FUNGIBLE","location":"top center","style":"black sans-serif text"},{"content":"FUNGIBLE","location":"bottom center","style":"black sans-serif text"}]}},{"t":597,"speech":"So that's the NF in NFT. Non-fungible. Now let's talk about the T, which is token. This is a very internetty word.","visual":{"action":"Johnny Harris speaks to the camera. The words 'NON FUNGIBLE TOKEN' appear on screen, then 'TOKEN' is highlighted. Johnny Harris continues to speak, looking serious.","colors":{"dominant":"#A0522D","palette":["#A0522D","#FFFFFF","#808080","#C0C0C0","#404040"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"medium close-up"},"mood":"informative","objects":[{"color":"orange","name":"puffer jacket","position":"worn","state":"worn"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"orange puffer jacket over white long-sleeve t-shirt"},"face":"serious, direct gaze","hair":"light brown, styled up, short beard","hands":"gesturing with open palms","pose":"standing, leaning over counter","position":"center"}],"setting":{"architecture":"modern, open-plan room with large windows","background":"windows on the left, framed artwork and a plant on the right, blurred","lighting":"natural light from windows, soft ambient light","location":"home office"},"text_on_screen":[{"content":"NON FUNGIBLE TOKEN","location":"center","style":"white sans-serif text"},{"content":"TOKEN","location":"center","style":"white sans-serif text"}]}},{"t":607,"speech":"And to explain this, I have to explain something I have avoided explaining for a very long time. The blockchain.","visual":{"action":"Johnny Harris speaks, looking serious. He then sighs dramatically. The word 'BLOCKCHAIN' appears on screen, then disappears, and Johnny Harris looks at the camera again.","colors":{"dominant":"#000000","palette":["#000000","#808080","#C0C0C0","#404040","#A0522D"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up to full screen"},"mood":"dramatic","objects":[{"color":"orange","name":"puffer jacket","position":"worn","state":"worn"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"orange puffer jacket over white long-sleeve t-shirt"},"face":"serious, sighing","hair":"light brown, styled up, short beard","hands":"at sides","pose":"standing, leaning over counter","position":"center"}],"setting":{"architecture":"home office to digital space","background":"windows and framed artwork to plain black","lighting":"natural light, soft ambient light to dark","location":"home office to digital space"},"text_on_screen":[{"content":"THE BLOCKCHAIN","location":"center","style":"white sans-serif text"}]}},{"t":616,"speech":"Luckily, there's a way to understand this, and I'm going to make it as painless as possible.","visual":{"action":"Johnny Harris speaks directly to the camera, gesturing with his hands. The screen then cuts to a cartoon head of Johnny Harris and three slices of pizza, representing a transaction with Anna Wintour.","colors":{"dominant":"#FFFFFF","palette":["#FFFFFF","#000000","#808080","#C0C0C0","#A0522D","#FF0000"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up to full screen"},"mood":"informative","objects":[{"color":"red and yellow","name":"pizza slices","position":"right","state":"static"},{"color":"black","name":"price tag","position":"center","state":"static"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"orange puffer jacket over white long-sleeve t-shirt"},"face":"serious, direct gaze","hair":"light brown, styled up, short beard","hands":"gesturing with open palms","pose":"standing, leaning over counter","position":"center"},{"age_range":"30s","clothing":{"accessories":"green beanie","bottom":"not visible","footwear":"not visible","top":"not visible"},"face":"neutral","hair":"light brown, short beard","hands":"not visible","pose":"static head","position":"left"},{"age_range":"50s","clothing":{"accessories":"sunglasses","bottom":"not visible","footwear":"not visible","top":"not visible"},"face":"neutral","hair":"short, blonde bob","hands":"not visible","pose":"static head","position":"top right"}],"setting":{"architecture":"home office to digital space","background":"windows and framed artwork to plain white","lighting":"natural light, soft ambient light to bright, even","location":"home office to digital space"},"text_on_screen":[{"content":"PIZZA","location":"bottom right","style":"black sans-serif text"}]}},{"t":627,"speech":"Anna charges me $6 for my three slices of pizza. I don't use cash anymore. So I pull out my debit card, my bank card, and I swipe on her little terminal. As soon as I swipe this card, a message is sent to my bank. And it says, \"Hey, Johnny, who has an account at your bank, wants to spend $6 on pizza, and that money needs to go to Anna's bank.\"","visual":{"action":"The screen shows Johnny Harris's and Anna Wintour's heads, with pizza and a price. A debit card appears, then the Bank of America logo. Johnny Harris's account details are displayed, showing a $6 transaction.","colors":{"dominant":"#FFFFFF","palette":["#FFFFFF","#000000","#808080","#C0C0C0","#A0522D","#FF0000"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"full screen"},"mood":"informative","objects":[{"color":"red and yellow","name":"pizza slices","position":"right","state":"static"},{"color":"white","name":"debit card","position":"center","state":"static"},{"color":"red and blue","name":"Bank of America logo","position":"top center","state":"static"},{"color":"black","name":"account details","position":"center","state":"static"}],"people":[{"age_range":"30s","clothing":{"accessories":"green beanie","bottom":"not visible","footwear":"not visible","top":"not visible"},"face":"neutral","hair":"light brown, short beard","hands":"not visible","pose":"static head","position":"left"},{"age_range":"50s","clothing":{"accessories":"sunglasses","bottom":"not visible","footwear":"not visible","top":"not visible"},"face":"neutral","hair":"short, blonde bob","hands":"not visible","pose":"static head","position":"top right"}],"setting":{"architecture":"digital space","background":"plain white","lighting":"bright, even","location":"digital space"},"text_on_screen":[{"content":"$6","location":"center","style":"black sans-serif text"},{"content":"PIZZA","location":"bottom right","style":"black sans-serif text"},{"content":"BANK OF AMERICA","location":"top center","style":"blue sans-serif text"},{"content":"ACCOUNT NAME JOHNNY HARRIS","location":"center","style":"black sans-serif text"},{"content":"$6?","location":"center right","style":"black sans-serif text"}]}},{"t":647,"speech":"This is like the bread and butter of what a bank does all day. They document every transaction that comes in from all their customers. They send out money to the other banks. And at the end of the day, they have a tally of all the money that went out of your account and into your account, and they can give you a number. They can say, \"Based on all of these transactions, you have $50 in your bank account.\" And so when that request comes in as I swipe my card, my bank is like, \"Okay, so based on all of your transactions, you have $50 in your account. I can send $6 to Anna's bank.\" Approved. And they approved the transaction.","visual":{"action":"Johnny Harris speaks to the camera. The screen then cuts to Johnny Harris's account details, showing a balance of $50, then a green checkmark appears as $6 is deducted, leaving $44. Anna Wintour's account details are then shown, with $6 added to her balance of $80, making it $86, with a green checkmark.","colors":{"dominant":"#FFFFFF","palette":["#FFFFFF","#000000","#808080","#C0C0C0","#A0522D","#008000"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up to full screen"},"mood":"informative","objects":[{"color":"black","name":"account details","position":"center","state":"static"},{"color":"green","name":"checkmark","position":"right","state":"static"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"orange puffer jacket over white long-sleeve t-shirt"},"face":"neutral, direct gaze","hair":"light brown, styled up, short beard","hands":"gesturing with open palms","pose":"standing, leaning over counter","position":"center"},{"age_range":"30s","clothing":{"accessories":"green beanie","bottom":"not visible","footwear":"not visible","top":"not visible"},"face":"neutral","hair":"light brown, short beard","hands":"not visible","pose":"static head","position":"top center"},{"age_range":"50s","clothing":{"accessories":"sunglasses","bottom":"not visible","footwear":"not visible","top":"not visible"},"face":"neutral","hair":"short, blonde bob","hands":"not visible","pose":"static head","position":"top center"}],"setting":{"architecture":"home office to digital space","background":"windows and framed artwork to plain white","lighting":"natural light, soft ambient light to bright, even","location":"home office to digital space"},"text_on_screen":[{"content":"ACCOUNT NAME JOHNNY HARRIS","location":"top center","style":"black sans-serif text"},{"content":"SALARY +$1200","location":"center","style":"black sans-serif text"},{"content":"RENT -$800","location":"center","style":"black sans-serif text"},{"content":"FOOD -$200","location":"center","style":"black sans-serif text"},{"content":"TRANSPORT -$50","location":"center","style":"black sans-serif text"},{"content":"ORANGE JACKETS -$100","location":"center","style":"black sans-serif text"},{"content":"BALANCE $50","location":"bottom center","style":"yellow sans-serif text on black background"},{"content":"$6?","location":"center right","style":"black sans-serif text"},{"content":"BALANCE $44","location":"bottom center","style":"yellow sans-serif text on black background"},{"content":"TD Bank","location":"top center","style":"green sans-serif text"},{"content":"ACCOUNT NAME ANNA WINTOUR","location":"top center","style":"black sans-serif text"},{"content":"PIZZA SALE +$6","location":"center","style":"green sans-serif text"},{"content":"BALANCE $80","location":"bottom center","style":"yellow sans-serif text on black background"}]}},{"t":720,"speech":"Once that money comes into Anna's bank, Anna's bank is doing the same thing. They're like, \"Oh, cool, she had $80, and now she has $86.\" And they add it to her record. More and more, your money is just a number on a screen. It's the result of a bunch of transactions. You don't barter with physical things, and you don't use cash as much.","visual":{"action":"Johnny Harris speaks to the camera. The screen then cuts to a black and white clip of a woman typing on an old computer, then a shot of a data center, then hands sifting through leaves, then counting money.","colors":{"dominant":"#000000","palette":["#000000","#808080","#C0C0C0","#404040","#A0522D"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up to various shots"},"mood":"informative","objects":[{"color":"black","name":"old computer","position":"center","state":"operational"},{"color":"black","name":"server racks","position":"center","state":"static"},{"color":"brown","name":"leaves","position":"center","state":"static"},{"color":"white","name":"money bills","position":"center","state":"being counted"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"orange puffer jacket over white long-sleeve t-shirt"},"face":"neutral, direct gaze","hair":"light brown, styled up, short beard","hands":"gesturing with open palms","pose":"standing, leaning over counter","position":"center"},{"age_range":"30s","clothing":{"accessories":"watch","bottom":"not visible","footwear":"not visible","top":"patterned shirt"},"face":"focused","hair":"dark, short","hands":"typing on keyboard","pose":"sitting, typing","position":"center"}],"setting":{"architecture":"home office to office to data center to forest","background":"windows and framed artwork to office interior to server racks to forest floor","lighting":"natural light, soft ambient light to artificial to dark to natural","location":"home office to office to data center to forest"},"text_on_screen":[]}},{"t":741,"speech":"So, the bank keeping meticulous records of every transaction becomes really important. We trust the bank to do this correctly. So thank you, banks. Banks and other middlemen have been keeping stuff like this running smoothly for centuries. I mean, kind of smoothly. The Nasdaq, everything and more has been. Worst day on Wall Street. What in the world is happening on Wall Street?","visual":{"action":"Johnny Harris speaks to the camera. The screen then cuts to Johnny Harris's account details, then a Wall Street sign, then a stock exchange floor with traders looking worried, then news headlines about financial crises, and finally a news reporter talking about Wall Street turmoil.","colors":{"dominant":"#000000","palette":["#000000","#808080","#C0C0C0","#404040","#A0522D","#008000"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up to various shots"},"mood":"serious","objects":[{"color":"black","name":"account details","position":"center","state":"static"},{"color":"black and white","name":"Wall Street sign","position":"center","state":"static"},{"color":"multicolored","name":"stock exchange screens","position":"background","state":"static"},{"color":"white and black","name":"newspaper headlines","position":"center","state":"static"},{"color":"blue and white","name":"news channel graphics","position":"background","state":"static"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"orange puffer jacket over white long-sleeve t-shirt"},"face":"neutral, direct gaze","hair":"light brown, styled up, short beard","hands":"gesturing with open palms","pose":"standing, leaning over counter","position":"center"},{"age_range":"40s","clothing":{"accessories":"suit","bottom":"not visible","footwear":"not visible","top":"suit and tie"},"face":"worried, hand over mouth","hair":"short, dark","hands":"hand over mouth","pose":"standing","position":"center"},{"age_range":"40s","clothing":{"accessories":"suit","bottom":"not visible","footwear":"not visible","top":"suit jacket and blouse"},"face":"serious, direct gaze","hair":"dark brown, shoulder-length","hands":"at sides","pose":"standing","position":"center"}],"setting":{"architecture":"home office to Wall Street","background":"windows and framed artwork to city street to stock exchange floor to news studio","lighting":"natural light, soft ambient light to natural to artificial to artificial","location":"home office to Wall Street to stock exchange to news studio"},"text_on_screen":[{"content":"ACCOUNT NAME JOHNNY HARRIS","location":"top center","style":"black sans-serif text"},{"content":"SALARY +$1200","location":"center","style":"black sans-serif text"},{"content":"RENT -$800","location":"center","style":"black sans-serif text"},{"content":"FOOD -$200","location":"center","style":"black sans-serif text"},{"content":"TRANSPORT -$50","location":"center","style":"black sans-serif text"},{"content":"ORANGE JACKETS -$100","location":"center","style":"black sans-serif text"},{"content":"BALANCE $50","location":"bottom center","style":"yellow sans-serif text on black background"},{"content":"WALL ST","location":"center right","style":"white sans-serif text on black background"},{"content":"THE WALL STREET JOURNAL","location":"top center","style":"black serif text"},{"content":"Crisis on Wall Street as Lehman Totters, Merrill Is Sold, AIG Seeks to Raise Cash","location":"center","style":"black serif text"},{"content":"The New York Times","location":"top right","style":"black serif text"},{"content":"DEFIANT HOUSE REJECTS HUGE BAILOUT; STOCKS PLUNGE; NEXT STEP IS UNCERTAIN","location":"center right","style":"black serif text"},{"content":"AT THE CLOSE","location":"top left","style":"white sans-serif text on blue background"},{"content":"Market Turmoil","location":"center left","style":"white sans-serif text on blue background"},{"content":"New Rules","location":"center left","style":"white sans-serif text on blue background"},{"content":"Dynegy CEO","location":"center left","style":"white sans-serif text on blue background"}]}},{"t":803,"speech":"There've been a few bumps in the road. With the rise of the internet, people started to wonder, \"Is there a way that we could do this same thing, coordinate this transaction of transfer of money between two people without the bank?\"","visual":{"action":"Johnny Harris speaks to the camera, gesturing with his hands. The screen then cuts to Johnny Harris's and Anna Wintour's heads, with pizza and a price, representing a transaction without a bank.","colors":{"dominant":"#FFFFFF","palette":["#FFFFFF","#000000","#808080","#C0C0C0","#A0522D","#FF0000"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up to full screen"},"mood":"thoughtful","objects":[{"color":"red and yellow","name":"pizza slices","position":"right","state":"static"},{"color":"black","name":"price tag","position":"center","state":"static"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"orange puffer jacket over white long-sleeve t-shirt"},"face":"neutral, direct gaze","hair":"light brown, styled up, short beard","hands":"gesturing with open palms","pose":"standing, leaning over counter","position":"center"},{"age_range":"30s","clothing":{"accessories":"green beanie","bottom":"not visible","footwear":"not visible","top":"not visible"},"face":"neutral","hair":"light brown, short beard","hands":"not visible","pose":"static head","position":"left"},{"age_range":"50s","clothing":{"accessories":"sunglasses","bottom":"not visible","footwear":"not visible","top":"not visible"},"face":"neutral","hair":"short, blonde bob","hands":"not visible","pose":"static head","position":"top right"}],"setting":{"architecture":"home office to digital space","background":"windows and framed artwork to plain white","lighting":"natural light, soft ambient light to bright, even","location":"home office to digital space"},"text_on_screen":[{"content":"$6?","location":"center right","style":"black sans-serif text"},{"content":"PIZZA","location":"bottom right","style":"black sans-serif text"}]}},{"t":814,"speech":"The result is a very clever concept called the blockchain. The blockchain fulfills the same thing the bank was doing. But instead of doing this privately on my bank account and talking to Anna's bank, all of the transactions are actually recorded publicly on the internet.","visual":{"action":"Johnny Harris speaks to the camera. The words 'THE BLOCKCHAIN' appear on screen, then disappear. The screen then cuts to Johnny Harris's and Anna Wintour's heads, with pizza and a price, representing a transaction. A public ledger appears, showing a list of encrypted transactions, with Johnny Harris's transaction highlighted.","colors":{"dominant":"#FFFFFF","palette":["#FFFFFF","#000000","#808080","#C0C0C0","#A0522D","#008000"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up to full screen"},"mood":"informative","objects":[{"color":"black","name":"computer monitors","position":"left and right","state":"static"},{"color":"white","name":"public ledger","position":"center","state":"static"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"orange puffer jacket over white long-sleeve t-shirt"},"face":"neutral, direct gaze","hair":"light brown, styled up, short beard","hands":"gesturing with open palms","pose":"standing, leaning over counter","position":"center"},{"age_range":"30s","clothing":{"accessories":"green beanie","bottom":"not visible","footwear":"not visible","top":"not visible"},"face":"neutral","hair":"light brown, short beard","hands":"not visible","pose":"static head","position":"top left"},{"age_range":"50s","clothing":{"accessories":"sunglasses","bottom":"not visible","footwear":"not visible","top":"not visible"},"face":"neutral","hair":"short, blonde bob","hands":"not visible","pose":"static head","position":"top right"}],"setting":{"architecture":"home office to digital space","background":"windows and framed artwork to plain white","lighting":"natural light, soft ambient light to bright, even","location":"home office to digital space"},"text_on_screen":[{"content":"THE BLOCKCHAIN","location":"center","style":"white sans-serif text"},{"content":"JOHNNY HARRIS (ENCRYPTED) TRANSFER B6 ANNA WINTOUR (ENCRYPTED)","location":"center","style":"green sans-serif text"}]}},{"t":833,"speech":"on the internet. So let's redo this example in a crypto world.","visual":{"action":"A black and white clip shows a young boy happily typing on a computer, then giving a thumbs up. The scene cuts back to Johnny Harris speaking.","colors":{"dominant":"#808080","palette":["#808080","#C0C0C0","#404040","#A0522D","#000000"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"medium shot to close-up"},"mood":"informative","objects":[{"color":"white","name":"computer monitor","position":"right","state":"static"}],"people":[{"age_range":"child","clothing":{"accessories":"none","bottom":"not visible","footwear":"not visible","top":"light blue polo shirt"},"face":"smiling, giving thumbs up","hair":"blonde, short","hands":"typing, then thumbs up","pose":"sitting, typing","position":"center"},{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"orange puffer jacket over white long-sleeve t-shirt"},"face":"neutral, direct gaze","hair":"light brown, styled up, short beard","hands":"at sides","pose":"standing, leaning over counter","position":"center"}],"setting":{"architecture":"office to home office","background":"office interior to windows and framed artwork","lighting":"artificial to natural light, soft ambient light","location":"office to home office"},"text_on_screen":[]}},{"t":838,"speech":"Anna charges me six crypto coins for my three slices of pizza. I go to swipe my proverbial bank card to say, \"Yes, I want to pay you six coins.\" Instead of the bank seeing that request for a transaction and trying to validate it, it goes onto this public record where a bunch of people's computers all around the world are keeping track of every single transaction of everyone, always.","visual":{"action":"The screen shows Johnny Harris's and Anna Wintour's heads, with pizza and a price in crypto coins. A crypto card appears. Johnny Harris speaks, then the public ledger with encrypted transactions appears, highlighting Johnny Harris's transaction.","colors":{"dominant":"#FFFFFF","palette":["#FFFFFF","#000000","#808080","#C0C0C0","#A0522D","#008000"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"full screen"},"mood":"informative","objects":[{"color":"red and yellow","name":"pizza slices","position":"right","state":"static"},{"color":"white","name":"crypto card","position":"center","state":"static"},{"color":"black","name":"computer monitors","position":"left and right","state":"static"},{"color":"white","name":"public ledger","position":"center","state":"static"}],"people":[{"age_range":"30s","clothing":{"accessories":"green beanie","bottom":"not visible","footwear":"not visible","top":"not visible"},"face":"neutral","hair":"light brown, short beard","hands":"not visible","pose":"static head","position":"left"},{"age_range":"50s","clothing":{"accessories":"sunglasses","bottom":"not visible","footwear":"not visible","top":"not visible"},"face":"neutral","hair":"short, blonde bob","hands":"not visible","pose":"static head","position":"top right"}],"setting":{"architecture":"digital space","background":"plain white","lighting":"bright, even","location":"digital space"},"text_on_screen":[{"content":"B6","location":"center","style":"black sans-serif text with crypto symbol"},{"content":"PIZZA","location":"bottom right","style":"black sans-serif text"},{"content":"JOHNNY HARRIS (ENCRYPTED) TRANSFER B6 ANNA WINTOUR (ENCRYPTED)","location":"center","style":"green sans-serif text"}]}},{"t":905,"speech":"If I don't indeed have the six coins in my account to pay Anna, all of the people's computers who are keeping track of every single transaction will notice that there's a discrepancy. They'll be like, \"Whoa, whoa, whoa, dude, you don't have six coins. We're looking at every transaction ever, and you don't have six coins. Your transaction is rejected.\"","visual":{"action":"Johnny Harris speaks to the camera, gesturing with his hands. The public ledger is shown again, with Johnny Harris's transaction highlighted in red and marked as rejected. The scene then cuts to Johnny Harris again, speaking with a confident expression.","colors":{"dominant":"#FFFFFF","palette":["#FFFFFF","#000000","#808080","#C0C0C0","#A0522D","#FF0000"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up to full screen"},"mood":"informative","objects":[{"color":"black","name":"computer monitors","position":"left and right","state":"static"},{"color":"white","name":"public ledger","position":"center","state":"static"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"orange puffer jacket over white long-sleeve t-shirt"},"face":"neutral, direct gaze","hair":"light brown, styled up, short beard","hands":"gesturing with open palms","pose":"standing, leaning over counter","position":"center"}],"setting":{"architecture":"home office to digital space","background":"windows and framed artwork to plain white","lighting":"natural light, soft ambient light to bright, even","location":"home office to digital space"},"text_on_screen":[{"content":"JOHNNY HARRIS (ENCRYPTED) BALANCE B10","location":"top left","style":"black sans-serif text"},{"content":"ANONYMOUS MALAYSIAN (ENCRYPTED) TRANSFER B62 JACK DORSEY (ENCRYPTED)","location":"center","style":"green sans-serif text"},{"content":"JOHNNY HARRIS (ENCRYPTED) TRANSFER B6 ANNA WINTOUR (ENCRYPTED)","location":"center","style":"red sans-serif text"}]}},{"t":924,"speech":"If I do have six coins, all of the computers looking at the public record will see that request for a transaction and they'll be like, \"Yep, approved. You have six coins, and now Anna has six coins.\" And they'll write that transaction into the public record. Now Anna, having those six extra coins, is now the business of everybody. Everybody now knows that. The point here is that the group verifies the legitimacy of every transaction by keeping an eye on every transaction to make sure that it adds up.","visual":{"action":"Johnny Harris speaks to the camera, gesturing with his hands. The public ledger is shown again, with Johnny Harris's transaction highlighted in green and marked as approved. The scene then cuts to Johnny Harris taking off his orange jacket, looking hot.","colors":{"dominant":"#FFFFFF","palette":["#FFFFFF","#000000","#808080","#C0C0C0","#A0522D","#008000"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up to full screen to medium shot"},"mood":"informative","objects":[{"color":"black","name":"computer monitors","position":"left and right","state":"static"},{"color":"white","name":"public ledger","position":"center","state":"static"},{"color":"orange","name":"puffer jacket","position":"removed","state":"removed"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"orange puffer jacket over white long-sleeve t-shirt"},"face":"neutral, direct gaze","hair":"light brown, styled up, short beard","hands":"gesturing with open palms","pose":"standing, leaning over counter","position":"center"}],"setting":{"architecture":"home office to digital space","background":"windows and framed artwork to plain white","lighting":"natural light, soft ambient light to bright, even","location":"home office to digital space"},"text_on_screen":[{"content":"JOHNNY HARRIS (ENCRYPTED) TRANSFER B6 ANNA WINTOUR (ENCRYPTED)","location":"center","style":"green sans-serif text"}]}},{"t":953,"speech":"Okay, I'm getting hot at this point, so I'm taking off my orange jacket.","visual":{"action":"Johnny Harris takes off his orange puffer jacket, then runs his hands through his hair, looking a bit flustered.","colors":{"dominant":"#FFFFFF","palette":["#FFFFFF","#808080","#C0C0C0","#404040","#A0522D"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"medium shot"},"mood":"flustered","objects":[{"color":"orange","name":"puffer jacket","position":"removed","state":"removed"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"white long-sleeve t-shirt"},"face":"flustered, running hands through hair","hair":"light brown, styled up, short beard","hands":"removing jacket, running through hair","pose":"standing, leaning over counter","position":"center"}],"setting":{"architecture":"modern, open-plan room with large windows","background":"windows on the left, framed artwork and a plant on the right, blurred","lighting":"natural light from windows, soft ambient light","location":"home office"},"text_on_screen":[]}},{"t":958,"speech":"Okay. So you're wondering, what does the blockchain and this public record have anything to do with cat GIFs that sell for $600,000?","visual":{"action":"Johnny Harris speaks to the camera, gesturing with his hands. The screen then cuts to the Nyan Cat GIF, which is animated and flying across a starry blue background.","colors":{"dominant":"#000080","palette":["#000080","#FFFF00","#FF00FF","#00FF00","#FF0000","#000000"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up to full screen"},"mood":"informative","objects":[{"color":"gray and pink","name":"Nyan Cat GIF","position":"center","state":"animated"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"white long-sleeve t-shirt"},"face":"neutral, direct gaze","hair":"light brown, styled up, short beard","hands":"gesturing with open palms","pose":"standing, leaning over counter","position":"center"}],"setting":{"architecture":"home office to digital space","background":"windows and framed artwork to starry blue background","lighting":"natural light, soft ambient light to bright, artificial","location":"home office to digital space"},"text_on_screen":[]}},{"t":1007,"speech":"Well, I'm about to tell you. So, in my pizza example, we talked about blockchain as a way to verify currency transaction. I pay you this much, you pay me this much, and everybody knows how much everybody has because it's all public.","visual":{"action":"Johnny Harris speaks to the camera. The public ledger is shown again, with various transactions highlighted in green. Johnny Harris continues to speak, gesturing with his hands.","colors":{"dominant":"#FFFFFF","palette":["#FFFFFF","#000000","#808080","#C0C0C0","#A0522D","#008000"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up to full screen"},"mood":"informative","objects":[{"color":"black","name":"computer monitors","position":"left and right","state":"static"},{"color":"white","name":"public ledger","position":"center","state":"static"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"white long-sleeve t-shirt"},"face":"neutral, direct gaze","hair":"light brown, styled up, short beard","hands":"gesturing with open palms","pose":"standing, leaning over counter","position":"center"}],"setting":{"architecture":"home office to digital space","background":"windows and framed artwork to plain white","lighting":"natural light, soft ambient light to bright, even","location":"home office to digital space"},"text_on_screen":[{"content":"JOHNNY HARRIS (ENCRYPTED) TRANSFER B6 ANNA WINTOUR (ENCRYPTED)","location":"center","style":"green sans-serif text"}]}},{"t":1021,"speech":"But this is where it starts to bend my mind a little bit. What if we apply this to something that isn't money or currency?","visual":{"action":"Johnny Harris speaks to the camera, looking thoughtful. He then gestures with his hands, emphasizing his point.","colors":{"dominant":"#FFFFFF","palette":["#FFFFFF","#808080","#C0C0C0","#404040","#A0522D"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up"},"mood":"thoughtful","objects":[],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"white long-sleeve t-shirt"},"face":"thoughtful, direct gaze","hair":"light brown, styled up, short beard","hands":"gesturing with open palms","pose":"standing, leaning over counter","position":"center"}],"setting":{"architecture":"modern, open-plan room with large windows","background":"windows on the left, framed artwork and a plant on the right, blurred","lighting":"natural light from windows, soft ambient light","location":"home office"},"text_on_screen":[]}},{"t":1027,"speech":"Let's say one day you're just looking at the ledger. And the ledger's like, \"Johnny wants to give Anna six coins.\" Okay, he's got six coins. Approved. And then a transaction comes up that's like, \"A Malaysian businessman wants to give $3 million worth of coins to Jack Dorsey in exchange for a little token or digital certificate that says that the tweet is now somehow owned by the Malaysian businessman.\"","visual":{"action":"The public ledger is shown again, with various transactions highlighted in green. A new transaction is highlighted in yellow, showing an 'ANONYMOUS MALAYSIAN' transferring coins to 'JACK DORSEY'. The Twitter logo appears next to Jack Dorsey's name.","colors":{"dominant":"#FFFFFF","palette":["#FFFFFF","#000000","#808080","#C0C0C0","#A0522D","#008000"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"full screen"},"mood":"informative","objects":[{"color":"black","name":"computer monitors","position":"left and right","state":"static"},{"color":"white","name":"public ledger","position":"center","state":"static"},{"color":"blue","name":"Twitter logo","position":"right","state":"static"}],"people":[],"setting":{"architecture":"digital space","background":"plain white","lighting":"bright, even","location":"digital space"},"text_on_screen":[{"content":"JOHNNY HARRIS (ENCRYPTED) BALANCE B10","location":"top left","style":"black sans-serif text"},{"content":"ANONYMOUS MALAYSIAN (ENCRYPTED) TRANSFER B62 JACK DORSEY (ENCRYPTED)","location":"center","style":"yellow sans-serif text on black background"}]}},{"t":1052,"speech":"The only thing that the blockchain cares about is, \"Does the Malaysian businessman have $3 million worth of coins?\" And so a bunch of computers all around the world look at the whole entire list of transactions and say like, \"Yeah, this guy has more than $3 million worth of coins.\" Approved. They approved the transaction. And now it is written in a public record that is unalterable, that says that this Malaysian businessman owns this tweet. The token has been transferred to somebody new. Non-fungible token. NFT. And if there's anything that gets human psychology to value something, it's if an entire group validates that it's real and that there's only one of them.","visual":{"action":"The screen shows the public ledger, highlighting the Malaysian businessman's balance and then his transaction with Jack Dorsey, which is approved. The Twitter logo appears next to Jack Dorsey's name. The words 'NON FUNGIBLE TOKEN' and 'NFT' appear on screen, then Johnny Harris speaks to the camera, looking thoughtful.","colors":{"dominant":"#FFFFFF","palette":["#FFFFFF","#000000","#808080","#C0C0C0","#A0522D","#008000"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"full screen to close-up"},"mood":"informative","objects":[{"color":"black","name":"computer monitors","position":"left and right","state":"static"},{"color":"white","name":"public ledger","position":"center","state":"static"},{"color":"blue","name":"Twitter logo","position":"right","state":"static"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"white long-sleeve t-shirt"},"face":"neutral, direct gaze","hair":"light brown, styled up, short beard","hands":"gesturing with open palms","pose":"standing, leaning over counter","position":"center"}],"setting":{"architecture":"digital space to home office","background":"plain white to windows and framed artwork","lighting":"bright, even to natural light, soft ambient light","location":"digital space to home office"},"text_on_screen":[{"content":"ANONYMOUS MALAYSIAN (ENCRYPTED) BALANCE B1000","location":"top left","style":"yellow sans-serif text on black background"},{"content":"ANONYMOUS MALAYSIAN (ENCRYPTED) TRANSFER B62 JACK DORSEY (ENCRYPTED)","location":"center","style":"green sans-serif text"},{"content":"NON FUNGIBLE TOKEN","location":"center","style":"white sans-serif text"},{"content":"NFT","location":"center","style":"white sans-serif text"}]}},{"t":1136,"speech":"There are tens of thousands of NFTs of all kinds. Some music is being given tokens. Lots of art is being minted as tokens and being bought and sold. And then, of course, there's uh NBA Top Shot, who's taking advantage of this. These highlight moments, these top shot moments from your favorite NBA players have been turned into non-fungible tokens. Jesse made headlines the other day when he paid $208,000 for LeBron James Top Shot.","visual":{"action":"Johnny Harris speaks to the camera. The screen then cuts to a series of news articles about NFTs, including music releases, digital art sales, and NBA Top Shot highlights. A basketball highlight video is shown, followed by a split screen of news anchors discussing NFTs.","colors":{"dominant":"#FFFFFF","palette":["#FFFFFF","#000000","#808080","#C0C0C0","#A0522D","#008000"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up to various shots"},"mood":"informative","objects":[{"color":"white","name":"news articles","position":"center","state":"static"},{"color":"multicolored","name":"digital artworks","position":"center","state":"static"},{"color":"yellow and purple","name":"basketball highlight video","position":"center","state":"playing"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"white long-sleeve t-shirt"},"face":"neutral, direct gaze","hair":"light brown, styled up, short beard","hands":"at sides","pose":"standing, leaning over counter","position":"center"},{"age_range":"30s","clothing":{"accessories":"glasses","bottom":"not visible","footwear":"not visible","top":"black t-shirt with red 'H' logo"},"face":"smiling","hair":"short, dark, curly","hands":"not visible","pose":"sitting, leaning slightly forward","position":"left"},{"age_range":"30s","clothing":{"accessories":"large hoop earrings","bottom":"not visible","footwear":"not visible","top":"pink blazer over black t-shirt"},"face":"smiling, looking up","hair":"bald","hands":"clasped in front","pose":"sitting, leaning slightly forward","position":"center"},{"age_range":"30s","clothing":{"accessories":"none","bottom":"not visible","footwear":"not visible","top":"black jacket with white trim"},"face":"smiling","hair":"short, dark","hands":"not visible","pose":"sitting, leaning slightly forward","position":"right"}],"setting":{"architecture":"home office to digital space to basketball court to news studio","background":"windows and framed artwork to plain white to stadium lights to purple background","lighting":"natural light, soft ambient light to bright, even to artificial to artificial","location":"home office to digital space to basketball arena to news studio"},"text_on_screen":[{"content":"RollingStone","location":"top left","style":"red serif text"},{"content":"Kings of Leon Will Be the First Band to Release an Album as an NFT","location":"center","style":"black sans-serif text"},{"content":"VULTURE","location":"top left","style":"black serif text"},{"content":"Dispatches From the NFT Art Boom","location":"center","style":"black sans-serif text"},{"content":"Single pixel of digital-only art sold for more than $1.7 million at Sotheby's","location":"center","style":"black sans-serif text"},{"content":"What Are NFTs, Anyway? One Just Sold for $69 Million.","location":"center","style":"black sans-serif text"},{"content":"DEANDRE JORDAN, DUNK, FEB 10 2021","location":"top right","style":"white sans-serif text"},{"content":"Brooklyn Nets","location":"bottom right","style":"white sans-serif text"},{"content":"Indiana Pacers","location":"bottom right","style":"white sans-serif text"},{"content":"JESSE SCHWARZ","location":"bottom center","style":"white sans-serif text on black background"},{"content":"LeBron James Lakers Highlight Sells for Record $208K on NBA Top Shot","location":"center","style":"black sans-serif text"}]}},{"t":1207,"speech":"It's the weirdest thing. As soon as humans have enough abundance and have their basic needs met, food, shelter, warmth, et cetera, the next frontier is to create value in things that have no inherent value. The value turns into psychological hype, excitement around a certain thing.","visual":{"action":"Johnny Harris speaks to the camera. The screen then cuts to a series of black and white clips depicting basic human needs being met, such as a nurse serving food, a man getting dressed, and a woman buying shoes. Finally, a man is shown receiving a baseball glove, highlighting the psychological value of objects.","colors":{"dominant":"#000000","palette":["#000000","#808080","#C0C0C0","#404040","#A0522D"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up to various shots"},"mood":"thoughtful","objects":[{"color":"white","name":"food tray","position":"center","state":"held"},{"color":"black","name":"baseball glove","position":"center","state":"held"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"white long-sleeve t-shirt"},"face":"neutral, direct gaze","hair":"light brown, styled up, short beard","hands":"at sides","pose":"standing, leaning over counter","position":"center"},{"age_range":"adult","clothing":{"accessories":"nurse hat","bottom":"not visible","footwear":"not visible","top":"nurse uniform"},"face":"smiling","hair":"dark, short","hands":"serving food","pose":"standing, serving","position":"center"},{"age_range":"child","clothing":{"accessories":"none","bottom":"not visible","footwear":"not visible","top":"sweater"},"face":"smiling","hair":"dark, short","hands":"receiving glove","pose":"sitting, receiving","position":"center"}],"setting":{"architecture":"home office to various indoor settings","background":"windows and framed artwork to hospital room to bedroom to store","lighting":"natural light, soft ambient light to artificial to artificial to artificial","location":"home office to hospital room to bedroom to store"},"text_on_screen":[]}},{"t":1228,"speech":"We've been doing that forever. I mean, that's the whole art industry is based on the idea of a bunch of people deciding that this painting, this little bit of canvas and wood and paint is valuable, and thus it is valuable.","visual":{"action":"Johnny Harris speaks to the camera. The screen then cuts to a series of black and white clips depicting artists and art galleries, including a painter working on a canvas and people admiring artworks.","colors":{"dominant":"#000000","palette":["#000000","#808080","#C0C0C0","#404040","#A0522D"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up to various shots"},"mood":"informative","objects":[{"color":"white","name":"canvas","position":"center","state":"being painted"},{"color":"multicolored","name":"paintings","position":"gallery walls","state":"displayed"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"white long-sleeve t-shirt"},"face":"neutral, direct gaze","hair":"light brown, styled up, short beard","hands":"at sides","pose":"standing, leaning over counter","position":"center"},{"age_range":"adult","clothing":{"accessories":"none","bottom":"not visible","footwear":"not visible","top":"shirtless"},"face":"focused","hair":"bald","hands":"painting","pose":"standing, painting","position":"center"},{"age_range":"adult","clothing":{"accessories":"suit","bottom":"not visible","footwear":"not visible","top":"suit and tie"},"face":"admiring","hair":"dark, short","hands":"clasped behind back","pose":"standing, looking at art","position":"center"}],"setting":{"architecture":"home office to art studio to art gallery","background":"windows and framed artwork to dark studio to white gallery walls","lighting":"natural light, soft ambient light to artificial, dramatic to bright, artificial","location":"home office to art studio to art gallery"},"text_on_screen":[]}},{"t":1242,"speech":"The only difference about now is we now have the technology to do this in a non-physical way, using this very sophisticated internet technology that is maturing very quickly.","visual":{"action":"Johnny Harris speaks to the camera, gesturing with his hands. He looks serious and engaged.","colors":{"dominant":"#FFFFFF","palette":["#FFFFFF","#808080","#C0C0C0","#404040","#A0522D"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up"},"mood":"informative","objects":[],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"white long-sleeve t-shirt"},"face":"serious, direct gaze","hair":"light brown, styled up, short beard","hands":"gesturing with open palms","pose":"standing, leaning over counter","position":"center"}],"setting":{"architecture":"modern, open-plan room with large windows","background":"windows on the left, framed artwork and a plant on the right, blurred","lighting":"natural light from windows, soft ambient light","location":"home office"},"text_on_screen":[]}},{"t":1252,"speech":"Okay, so this is a lot of hype, and I know you're probably thinking, like, \"Cool, there's a bunch of rich people online buying and trading digital art, and there's millions of dollars worth of cards. I thought you said that this was going to have the potential to change the world.\"","visual":{"action":"Johnny Harris speaks to the camera, gesturing with his hands. He looks serious and engaged.","colors":{"dominant":"#FFFFFF","palette":["#FFFFFF","#808080","#C0C0C0","#404040","#A0522D"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up"},"mood":"skeptical","objects":[],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"white long-sleeve t-shirt"},"face":"serious, direct gaze","hair":"light brown, styled up, short beard","hands":"gesturing with open palms","pose":"standing, leaning over counter","position":"center"}],"setting":{"architecture":"modern, open-plan room with large windows","background":"windows on the left, framed artwork and a plant on the right, blurred","lighting":"natural light from windows, soft ambient light","location":"home office"},"text_on_screen":[]}},{"t":1307,"speech":"And I'm getting there, but first I need to talk about the crazy flip side to the NFT fad. The reality is that the technology that is the backbone for all of this, the the blockchain stuff that we've been talking about, relies on the public ledger thing that I talked about. Like that is the sort of heart and soul conceptually.","visual":{"action":"Johnny Harris speaks to the camera, gesturing with his hands. The public ledger is shown again, with various transactions highlighted in green. The Twitter logo appears next to Jack Dorsey's name, and the Malaysian businessman's balance is displayed.","colors":{"dominant":"#FFFFFF","palette":["#FFFFFF","#000000","#808080","#C0C0C0","#A0522D","#008000"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up to full screen"},"mood":"serious","objects":[{"color":"black","name":"computer monitors","position":"left and right","state":"static"},{"color":"white","name":"public ledger","position":"center","state":"static"},{"color":"blue","name":"Twitter logo","position":"right","state":"static"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"white long-sleeve t-shirt"},"face":"neutral, direct gaze","hair":"light brown, styled up, short beard","hands":"gesturing with open palms","pose":"standing, leaning over counter","position":"center"}],"setting":{"architecture":"home office to digital space","background":"windows and framed artwork to plain white","lighting":"natural light, soft ambient light to bright, even","location":"home office to digital space"},"text_on_screen":[{"content":"ANONYMOUS MALAYSIAN (ENCRYPTED) BALANCE B938","location":"top left","style":"yellow sans-serif text on black background"},{"content":"JOHNNY HARRIS (ENCRYPTED) TRANSFER B6 ANNA WINTOUR (ENCRYPTED)","location":"center","style":"green sans-serif text"}]}},{"t":1325,"speech":"But mechanically, like physically, what it relies on is computers doing a bunch of little calculations all day and night forever.","visual":{"action":"Johnny Harris speaks to the camera, gesturing with his hands. The screen then cuts to a series of clips showing data centers and people working on computer servers, emphasizing the physical infrastructure behind blockchain.","colors":{"dominant":"#808080","palette":["#808080","#C0C0C0","#404040","#008000","#000000"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up to various shots"},"mood":"informative","objects":[{"color":"gray","name":"server racks","position":"center","state":"static"},{"color":"black","name":"computer monitors","position":"center","state":"displaying code"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"white long-sleeve t-shirt"},"face":"neutral, direct gaze","hair":"light brown, styled up, short beard","hands":"gesturing with open palms","pose":"standing, leaning over counter","position":"center"},{"age_range":"adult","clothing":{"accessories":"headphones","bottom":"not visible","footwear":"not visible","top":"blue hoodie"},"face":"focused","hair":"dark, short","hands":"working on servers","pose":"standing, working","position":"center"}],"setting":{"architecture":"home office to data center","background":"windows and framed artwork to rows of servers","lighting":"natural light, soft ambient light to artificial, bright","location":"home office to data center"},"text_on_screen":[]}},{"t":1345,"speech":"Most NFTs are stored on a blockchain called Ethereum. And as of now, in early April 2021, when I'm filming this, the Ethereum blockchain is using 33 terawatt-hours of electricity. And you're like, \"What's a terawatt-hour of electricity?\" That's the same amount of power as the country of Serbia.","visual":{"action":"Johnny Harris speaks to the camera. The Ethereum logo appears on screen, then text stating its electricity consumption. A map of Serbia is then shown, highlighting the country's outline.","colors":{"dominant":"#FFFFFF","palette":["#FFFFFF","#000000","#808080","#C0C0C0","#404040"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up to full screen"},"mood":"informative","objects":[{"color":"gray","name":"Ethereum logo","position":"center","state":"static"},{"color":"white","name":"map of Serbia","position":"center","state":"static"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"white long-sleeve t-shirt"},"face":"neutral, direct gaze","hair":"light brown, styled up, short beard","hands":"at sides","pose":"standing, leaning over counter","position":"center"}],"setting":{"architecture":"home office to digital space","background":"windows and framed artwork to plain white","lighting":"natural light, soft ambient light to bright, even","location":"home office to digital space"},"text_on_screen":[{"content":"ethereum","location":"bottom center","style":"black sans-serif text"},{"content":"33 TWH OF ELECTRICITY","location":"center","style":"black sans-serif text"}]}},{"t":1407,"speech":"A reminder that generating electricity usually comes from power plants that are burning fossil fuels that are putting carbon into the atmosphere, which is a big, freaking problem. Causing a man-made disaster on a global scale.","visual":{"action":"Johnny Harris speaks to the camera. The screen then cuts to a power plant emitting smoke, then a global map showing carbon emissions over time, then a glacier calving, and finally large waves crashing on a shore.","colors":{"dominant":"#000000","palette":["#000000","#808080","#C0C0C0","#404040","#008000","#FF0000"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up to various shots"},"mood":"alarming","objects":[{"color":"gray","name":"power plant chimneys","position":"center","state":"emitting smoke"},{"color":"multicolored","name":"global carbon emission map","position":"center","state":"animated"},{"color":"blue and white","name":"glacier calving","position":"center","state":"melting"},{"color":"green and blue","name":"ocean waves crashing","position":"center","state":"moving"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"white long-sleeve t-shirt"},"face":"serious, direct gaze","hair":"light brown, styled up, short beard","hands":"at sides","pose":"standing, leaning over counter","position":"center"}],"setting":{"architecture":"home office to industrial area to global view to nature","background":"windows and framed artwork to blue sky with clouds to space to ocean and mountains","lighting":"natural light, soft ambient light to natural, sunny to dark to overcast","location":"home office to power plant to global view to ocean"},"text_on_screen":[{"content":"Mar 2013","location":"top left","style":"white sans-serif text"},{"content":"Aug 2013","location":"top left","style":"white sans-serif text"},{"content":"Jan 2014","location":"top left","style":"white sans-serif text"}]}},{"t":1420,"speech":"The power consumption of the Ethereum blockchain is exploding. It is just it quadrupled in like eight months, and it is showing no sign of slowing down. It is a lot of energy. And to think that that much energy is not being used to like move people around or produce things, it's used to like crunch numbers in a weird computer warehouse somewhere so that somebody can buy a fake token of a thing that we only Oh, man, I just I can't. It's just it's mind-blowing. It's such an ironic moment where it's like, \"This is all digital. It's all fake. It's not real.\" But it's having deeply real-world effects.","visual":{"action":"Johnny Harris speaks to the camera, looking serious. The Ethereum logo appears, then a graph showing the exponential increase in Ethereum's energy consumption. The screen then cuts to a series of clips showing data centers and people working on computer servers, emphasizing the physical infrastructure behind blockchain. A black and white clip shows a young boy happily typing on a computer, then giving a thumbs up. Johnny Harris looks frustrated, running his hands through his hair, then gestures with his hands. The scene then cuts to a glacier calving.","colors":{"dominant":"#000000","palette":["#000000","#808080","#C0C0C0","#404040","#008000","#FF0000"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up to various shots"},"mood":"frustrated","objects":[{"color":"gray","name":"Ethereum logo","position":"center","state":"static"},{"color":"red","name":"energy consumption graph","position":"center","state":"animated"},{"color":"gray","name":"server racks","position":"center","state":"static"},{"color":"black","name":"computer monitors","position":"center","state":"displaying code"},{"color":"white","name":"computer monitor","position":"right","state":"static"},{"color":"blue and white","name":"glacier calving","position":"center","state":"melting"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"white long-sleeve t-shirt"},"face":"serious, direct gaze","hair":"light brown, styled up, short beard","hands":"at sides","pose":"standing, leaning over counter","position":"center"},{"age_range":"adult","clothing":{"accessories":"headphones","bottom":"not visible","footwear":"not visible","top":"blue hoodie"},"face":"focused","hair":"dark, short","hands":"working on servers","pose":"standing, working","position":"center"},{"age_range":"child","clothing":{"accessories":"none","bottom":"not visible","footwear":"not visible","top":"light blue polo shirt"},"face":"smiling, giving thumbs up","hair":"blonde, short","hands":"typing, then thumbs up","pose":"sitting, typing","position":"center"}],"setting":{"architecture":"home office to digital space to data center to office to nature","background":"windows and framed artwork to plain white to rows of servers to office interior to ocean and mountains","lighting":"natural light, soft ambient light to bright, even to artificial, bright to artificial to natural","location":"home office to digital space to data center to office to ocean"},"text_on_screen":[{"content":"ethereum","location":"center","style":"black sans-serif text"},{"content":"Ethereum Energy Consumption Index Chart","location":"top center","style":"black sans-serif text"},{"content":"Click and drag in the plot area to zoom in","location":"top center","style":"black sans-serif text"},{"content":"2019","location":"bottom left","style":"black sans-serif text"},{"content":"2020","location":"bottom center","style":"black sans-serif text"},{"content":"2021","location":"bottom right","style":"black sans-serif text"}]}},{"t":1497,"speech":"Ouch. Oh my God. I just I want to finish this video now. Talking about what this might mean for our world going forward.","visual":{"action":"A glacier calves into the ocean, creating a large splash. Johnny Harris speaks to the camera, gesturing with his hands.","colors":{"dominant":"#0000FF","palette":["#0000FF","#FFFFFF","#808080","#C0C0C0","#404040"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"medium shot to close-up"},"mood":"serious","objects":[{"color":"blue and white","name":"glacier","position":"center","state":"calving"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"white long-sleeve t-shirt"},"face":"serious, direct gaze","hair":"light brown, styled up, short beard","hands":"gesturing with open palms","pose":"standing, leaning over counter","position":"center"}],"setting":{"architecture":"nature to home office","background":"ocean and mountains to windows and framed artwork","lighting":"natural, sunny to natural light, soft ambient light","location":"ocean to home office"},"text_on_screen":[]}},{"t":1507,"speech":"This is definitely hype, and that's the whole point. I mean, these speculation markets are all about hype. We see this all the time with new technologies and new things that people get excited about, and they swarm it with their investments and the price goes up, and then something happens. For example,","visual":{"action":"Johnny Harris speaks to the camera, gesturing with his hands. The screen then cuts to a series of black and white clips depicting people interacting with early computer technology and stock market displays, illustrating the excitement and speculation around new technologies.","colors":{"dominant":"#000000","palette":["#000000","#808080","#C0C0C0","#404040","#A0522D"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up to various shots"},"mood":"informative","objects":[{"color":"black","name":"computer displays","position":"center","state":"static"},{"color":"white","name":"stock market ticker","position":"center","state":"static"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"white long-sleeve t-shirt"},"face":"neutral, direct gaze","hair":"light brown, styled up, short beard","hands":"gesturing with open palms","pose":"standing, leaning over counter","position":"center"},{"age_range":"adult","clothing":{"accessories":"none","bottom":"not visible","footwear":"not visible","top":"light shirt"},"face":"smiling","hair":"dark, short","hands":"touching screen","pose":"standing, interacting with display","position":"center"},{"age_range":"adult","clothing":{"accessories":"suit","bottom":"not visible","footwear":"not visible","top":"suit and tie"},"face":"neutral","hair":"dark, short","hands":"not visible","pose":"standing","position":"center"}],"setting":{"architecture":"home office to exhibition hall to stock exchange","background":"windows and framed artwork to futuristic displays to ornate building interior","lighting":"natural light, soft ambient light to artificial, bright to artificial, dim","location":"home office to exhibition hall to stock exchange"},"text_on_screen":[]}},{"t":1524,"speech":"Come on, Uncle Phil, it's the 90s, man. What's a web page? Something ducks lock on. Of equal value. So cash in on today's new accounts. Man, it's the 90s. It's hammer time. In the 90s, the internet was taking off, and people were just realizing that you could like make money on the internet. You could like make big businesses on the internet. The stock market was surging, 400% in five years, mainly fueled by so much hype and excitement around these new internet companies. Break the record as America's longest boom. The new economy. Is it a boom without end? This rise peaked in March of 2000, and then the bubble burst, and a lot of these companies either went under or completely lost all of this excitement valuation that they had. Sorry, didn't you? It was down some.","visual":{"action":"A montage of clips from the 1990s and early 2000s, including scenes from \"The Fresh Prince of Bel-Air\" and \"Seinfeld,\" old Yahoo! commercials, and news reports about the dot-com bubble. The stock market is shown surging, then crashing, with headlines about the bubble bursting.","colors":{"dominant":"#000000","palette":["#000000","#808080","#C0C0C0","#404040","#A0522D","#008000"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"various shots"},"mood":"nostalgic","objects":[{"color":"yellow","name":"Yahoo! logo","position":"center","state":"static"},{"color":"white","name":"computer monitor","position":"center","state":"displaying web page"},{"color":"blue and red","name":"CNN news graphics","position":"background","state":"static"},{"color":"white and black","name":"newspaper headline","position":"center","state":"static"}],"people":[{"age_range":"20s","clothing":{"accessories":"none","bottom":"not visible","footwear":"not visible","top":"white and red striped shirt"},"face":"animated, talking","hair":"short, dark","hands":"gesturing","pose":"standing, talking","position":"left"},{"age_range":"50s","clothing":{"accessories":"suit","bottom":"not visible","footwear":"not visible","top":"dark suit and tie"},"face":"serious, walking away","hair":"bald","hands":"not visible","pose":"walking","position":"right"},{"age_range":"child","clothing":{"accessories":"none","bottom":"not visible","footwear":"not visible","top":"striped t-shirt"},"face":"smiling","hair":"short, dark","hands":"not visible","pose":"sitting, looking at computer","position":"center"},{"age_range":"30s","clothing":{"accessories":"none","bottom":"not visible","footwear":"not visible","top":"green t-shirt with stripes"},"face":"smiling, talking","hair":"short, dark","hands":"gesturing","pose":"standing, talking","position":"center"},{"age_range":"30s","clothing":{"accessories":"none","bottom":"not visible","footwear":"not visible","top":"patterned shirt"},"face":"animated, talking","hair":"dark, styled up","hands":"gesturing","pose":"standing, talking","position":"center"}],"setting":{"architecture":"kitchen to digital space to office to kitchen","background":"kitchen interior to black background to office interior to kitchen interior","lighting":"natural to dark to natural to artificial","location":"kitchen to digital space to office to kitchen"},"text_on_screen":[{"content":"Yahoo!","location":"center","style":"yellow sans-serif text"},{"content":"www.yahoo.com","location":"bottom center","style":"white sans-serif text"},{"content":"Web Page","location":"bottom left","style":"white sans-serif text"},{"content":"NEWCOM","location":"top center","style":"blue sans-serif text"},{"content":"Dow's Dazzling Decade","location":"top center","style":"white sans-serif text"},{"content":"CNN","location":"bottom right","style":"white sans-serif text"},{"content":"THE NEW ECONOMY","location":"bottom left","style":"white sans-serif text"},{"content":"BOOM WITH NO BUST","location":"top center","style":"white sans-serif text"},{"content":"THE NEW ECONOMY: BOOM WITHOUT END?","location":"center","style":"white sans-serif text"},{"content":"The Dot-Com Bubble Bursts","location":"top left","style":"white serif text"}]}},{"t":1614,"speech":"But did that mean that the internet went away? Did that mean that internet businesses didn't come back? No. Companies went on to reshape our world. Right now, I think we are probably in that stage of NFTs. It's hype, it's novel, it's exciting. But what it's doing is it's pushing our minds to think differently about how we validate and verify things.","visual":{"action":"Johnny Harris speaks to the camera, gesturing with his hands. He looks serious and engaged. He then explains how NFTs are changing the way we validate and verify things.","colors":{"dominant":"#FFFFFF","palette":["#FFFFFF","#808080","#C0C0C0","#404040","#A0522D"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up"},"mood":"thoughtful","objects":[],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"white long-sleeve t-shirt"},"face":"serious, direct gaze","hair":"light brown, styled up, short beard","hands":"gesturing with open palms","pose":"standing, leaning over counter","position":"center"}],"setting":{"architecture":"modern, open-plan room with large windows","background":"windows on the left, framed artwork and a plant on the right, blurred","lighting":"natural light from windows, soft ambient light","location":"home office"},"text_on_screen":[]}},{"t":1636,"speech":"If I buy a house, there is a whole thick stack of paperwork and a bunch of middlemen to make sure that it is very clear who owns the house and how that money gets transferred from one person to another. It is like a nightmare of an experience. If suddenly technology existed that took away the centralized middleman and made transactions between people able to be authenticated, verifiable, and much smoother, that could change our world.","visual":{"action":"Johnny Harris speaks to the camera, gesturing with his hands. The screen then cuts to a series of black and white clips depicting the process of buying a house, including a 'Model Home' sign, financial statements, a handshake between two men, and paperwork being exchanged.","colors":{"dominant":"#000000","palette":["#000000","#808080","#C0C0C0","#404040","#A0522D"]},"composition":{"angle":"eye-level","focus":"sharp","framing":"close-up to various shots"},"mood":"informative","objects":[{"color":"black and white","name":"Model Home sign","position":"left","state":"static"},{"color":"white","name":"financial statement","position":"center","state":"static"},{"color":"white","name":"paperwork","position":"center","state":"being exchanged"}],"people":[{"age_range":"30s","clothing":{"accessories":"microphone","bottom":"not visible","footwear":"not visible","top":"white long-sleeve t-shirt"},"face":"neutral, direct gaze","hair":"light brown, styled up, short beard","hands":"gesturing with open palms","pose":"standing, leaning over counter","position":"center"},{"age_range":"adult","clothing":{"accessories":"suit","bottom":"not visible","footwear":"not visible","top":"suit and tie"},"face":"smiling","hair":"dark, short","hands":"shaking hands","pose":"standing, shaking hands","position":"center"}],"setting":{"architecture":"home office to suburban house to office","background":"windows and framed artwork to suburban street to office interior","lighting":"natural light, soft ambient light to natural, sunny to artificial","location":"home office to suburban street to office"},"text_on_screen":[{"content":"Model Home","location":"top left","style":"white script text on black background"},{"content":"FINANCIAL STATEMENT","location":"top center","style":"black sans-serif text"},{"content":"LOAN DEPARTMENT","location":"bottom center","style":"black sans-serif text on white background"}]}},{"t":1702,"speech":"I'm not here to say if the bubble's going to burst or whatever. I don't know. I just know that this is a crazy moment where we're getting our heads around a new technology and what it means. And eventually, we'll adapt. This won't be crazy. This won't be novel anymore. Prices will go down, but the technology that allowed it all to happen will probably stick around.","visual":{"action":"Johnny Harris speaks to the camera, gesturing with his hands. 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