I bought NFTs last year when I started playing Axie Infinity, so I had to make an investment buying 3 axies in order to start playing the game.
And after some time I joined Lost Relics and bought another NFT, an ingame bow, through Enjin platform. That wasn't entirely an investment because I also had a lot of fun playing the game and needed better equipments to advance further, completing another scenarios.
So far that is all... I would like to invest more, but I'm afraid of so many ponzi NFT "games" popping everywhere.
Topic: Are you actually using/buying NFT's, and Gaming Tokens? - page 5. (Read 1665 times)
There is a big hype for all NFT & Gaming Tokens these days, I wonder how many person can actually say they own any art forms under, same for Game tokens.
I am sure there are way more buyers of the tokens than there are users!
I am sure there are way more buyers of the tokens than there are users!
I do, But for fun, I buy animated NFT cause I like to hold them. and I also buy fan base gaming tokens to support my favorite team.
I never put my money on those things as an investment. there is no hope by holding NFT and gaming tokens cause both of them have no real-world value, they can fall at any time.
If you talk about erc-20 NFT then it is the biggest lie of the crypto market. you will never be able to sell erc-20 base NFT on OpenSea at your buying price, if you wanna sell $200 worth of NFT collectibles then the network fee will cost you more than 200usd, so ultimately erc-20 based NFT are nothing but bogus.
There is a big hype for all NFT & Gaming Tokens these days, I wonder how many person can actually say they own any art forms under, same for Game tokens.
I am sure there are way more buyers of the tokens than there are users!
I am sure there are way more buyers of the tokens than there are users!
Another fad. I mean yeah it will have some use but the price (and gas) people are paying for nfts can't be sustained. People are buying them speculative hoping they can sell them for more. It's not really being used as a "collector" thing. Once the market gets completely diluted prices will come back to earth.
NFT - Gaming Tokens are really popular, but the number of actively played games is very few in terms of gameplay. Or let me put it this way, there are very few good games, of course, some of them are still in development and beta version, I think these projects will make rapid moves this year. I'm excited for this sector, and we are at the very beginning, and the play2earn system will become a big sector in the coming years.
Yes i am buying alot of gaming token like Recently i had buy tower token only because of the hype of their game in the community and market also i am playing Nft game such as reev ,Nft game value can also be good due to their limited number of collection
There is a big hype for all NFT & Gaming Tokens these days, I wonder how many person can actually say they own any art forms under, same for Game tokens.
I am sure there are way more buyers of the tokens than there are users!
I am sure there are way more buyers of the tokens than there are users!
Another fad. I mean yeah it will have some use but the price (and gas) people are paying for nfts can't be sustained. People are buying them speculative hoping they can sell them for more. It's not really being used as a "collector" thing. Once the market gets completely diluted prices will come back to earth.
That's why NFT is so expensive. Usually NFT is created limited with different variations. So far I've researched NFT games further. Where NFT is a game item in the form of characters or other attributes that we can buy or use in the game. NFT was also created with an unlimited supply but has many variations. For example, in the infinity axie game, the more expensive AXIE purchased character parts will be better and stronger to fight.
NFTs are so expensive because the number of NFTs per project is very limited, there is also a lot of hype, plus many rich people who currently do not know what else to do with their money. All of this together ensures that someone spends $ 400k on a monkey picture just to show, look what I can afford.
I've been playing splinterlands before nfts even were a thing. That game was picked up after play to earn became a thing, now I have like 70% of my portfolio in nfts because of that.
In game assets that pay dividends: YES
Randomly generated jpegs: NO
In game assets that pay dividends: YES
Randomly generated jpegs: NO
I had bought some NFTs few months back and did make some profits but then later on all of it started dumping.
So I thought not to invest in NFTs anymore but these gaming tokens is getting a good hype ever since the metaverse hype started.
So I am thinking to get into it and buy some gaming/metaverse tokens but most of them are already at peak.
So I thought not to invest in NFTs anymore but these gaming tokens is getting a good hype ever since the metaverse hype started.
So I am thinking to get into it and buy some gaming/metaverse tokens but most of them are already at peak.
If you buy some, you need to closely follow their updates or any hints what's going on like keeping tab on their social media channels. Because you will get a hint if they are about to exit the game if they are not active anymore. Then, you need to decide to discard it fast before it declines its value. It is hard to trust these NFT-related projects because most of them are just after to fill-up their pockets. And once they got their money, they will disappear in no time.
That's exactly why I stopped buying NFTs. Many of them turned out to be a rug pull. They launched NFTs just to make money.
The price used to increase in the beginning when they used to launch in marketplace but later everybody used to dump those NFTs.
It felt just like the ICO era which is why decided not to buy any NFTs again.
Not yet! Still trying to figure out how this ecosystem works to be honest....
Besides I really need to find out why some NFts perform better than other pieces of art which are undervalued even when a lot of effort has gone into them which goes unrecognized most of the time!
Talking of gaming tokens am still waiting for ubisoft to jump into this ecosystem as they registered their interest to be part of it.
Besides I really need to find out why some NFts perform better than other pieces of art which are undervalued even when a lot of effort has gone into them which goes unrecognized most of the time!
Talking of gaming tokens am still waiting for ubisoft to jump into this ecosystem as they registered their interest to be part of it.
You made a great decision to observe first the market of NFT and gaming token before you dive down and investing on it but personally speaking I already invested, bought and used gaming token like Axie Infinity. There's a lot of game token that was out today but only few are legit. So I think it is safe to say that jumping on to invest in NFT and gaming tokens are risky. Aside from NFT and gaming token today, Metaverse is also making noise in crypto platform today.
Not yet! Still trying to figure out how this ecosystem works to be honest....
Besides I really need to find out why some NFts perform better than other pieces of art which are undervalued even when a lot of effort has gone into them which goes unrecognized most of the time!
Talking of gaming tokens am still waiting for ubisoft to jump into this ecosystem as they registered their interest to be part of it.
Besides I really need to find out why some NFts perform better than other pieces of art which are undervalued even when a lot of effort has gone into them which goes unrecognized most of the time!
Talking of gaming tokens am still waiting for ubisoft to jump into this ecosystem as they registered their interest to be part of it.
I had bought some NFTs few months back and did make some profits but then later on all of it started dumping.
So I thought not to invest in NFTs anymore but these gaming tokens is getting a good hype ever since the metaverse hype started.
So I am thinking to get into it and buy some gaming/metaverse tokens but most of them are already at peak.
So I thought not to invest in NFTs anymore but these gaming tokens is getting a good hype ever since the metaverse hype started.
So I am thinking to get into it and buy some gaming/metaverse tokens but most of them are already at peak.
If you buy some, you need to closely follow their updates or any hints what's going on like keeping tab on their social media channels. Because you will get a hint if they are about to exit the game if they are not active anymore. Then, you need to decide to discard it fast before it declines its value. It is hard to trust these NFT-related projects because most of them are just after to fill-up their pockets. And once they got their money, they will disappear in no time.
No.
Most of the activity is completely speculative, and there is no utility even for the utility tokens/gaming tokens as they are just flipped whenever someone gets dropped one.
People need to understand that there is a difference between the new Web3.0 infrastructure and the jpegs that they are holding for fun. There is going to be a lot of bloodbaths within these markets coming up if people don't derisk in these positions.
Most of the activity is completely speculative, and there is no utility even for the utility tokens/gaming tokens as they are just flipped whenever someone gets dropped one.
People need to understand that there is a difference between the new Web3.0 infrastructure and the jpegs that they are holding for fun. There is going to be a lot of bloodbaths within these markets coming up if people don't derisk in these positions.
I had bought some NFTs few months back and did make some profits but then later on all of it started dumping.
So I thought not to invest in NFTs anymore but these gaming tokens is getting a good hype ever since the metaverse hype started.
So I am thinking to get into it and buy some gaming/metaverse tokens but most of them are already at peak.
So I thought not to invest in NFTs anymore but these gaming tokens is getting a good hype ever since the metaverse hype started.
So I am thinking to get into it and buy some gaming/metaverse tokens but most of them are already at peak.
I think many people loved nft and sports gaming tokens because these token are go to the moon if you hold in some time and that same act a sports nft if you purchase a cheap price nft but nft is game type so definitely they go to the moon and this nft you definitely sold a higt price and you receive a huge amount profit .
So i advice to everyone use a gaming project coins.
So i advice to everyone use a gaming project coins.
That's why NFT is so expensive. Usually NFT is created limited with different variations. So far I've researched NFT games further. Where NFT is a game item in the form of characters or other attributes that we can buy or use in the game. NFT was also created with an unlimited supply but has many variations. For example, in the infinity axie game, the more expensive AXIE purchased character parts will be better and stronger to fight.
I have a game token where I think will gonna hodl for years from now since the game has some legit developers and a real road map to follow their plan in the future. The game token is now cheap which will attract investors if they wanted to keep the coin in their wallet and forget about it for years. since the capital is not that high, almost everyone can invest and when something goes wrong, there's nothing to worry about since the investment it's not that much and we will be able to recover it in no time but if the token will spike its price in the future, then it's a total victory for us who invested when the price was low.
I am sure there are way more buyers of the tokens than there are users!
There is a big hype for all NFT & Gaming Tokens these days, I wonder how many person can actually say they own any art forms under, same for Game tokens.
I am sure there are way more buyers of the tokens than there are users!
I am definitely considering it. I already looked at Axie and at one point I had enough money to buy 3 axies (still do) and considered buying and playing the game. However I realized that I do not have the time in order to make a profit with them, I do not want to do the whole scholar thing and all so I gave up, sure I could have made some money from that I am sure but it just didn't look like it worths me pushing my limits and sleeping less (axie doesn't take that long, I just do not have time).I am sure there are way more buyers of the tokens than there are users!
Now I am looking at stuff that doesn't require me to spend time, stuff like buying a land in a metaverse would allow me to make a passive income if I am lucky, or maybe it won't, I do not know but I am definitely looking into those nowadays.
Once the market start to bounce and those NFT still hanging there for sure, you will see good value for your money, It's all about having a good nerve when risking your investment, if you understand everything before you invest the A chance to earn is always possible, not easy though but very doable if you are really keen on earning success with NFT business.
When we are talking about cryptocurrencies then you are 100% right, but with the NFT world you need to make sure that you are holding something valuable otherwise it makes no sense. Imagine that you are holding some sort of art, but you do not know if it is picasso or is it the guy down the street that does street painting, that is the case in NFT most of the time.Obviously if you own some cryptopunks then you are going to be doing fine but if you are not sure about the collection that you have, then you are going to end up with a lot of risk by holding it for too long. Most of the time people end up making profit from NFT by buying as soon as it comes out, and selling as soon as they can for higher return, people make tens of thousands of dollars by getting in on the first moment they can, which is a difficult thing and then they sell it the same day to people who couldn't get it but want to buy it.
In this case i think that anyone using and buying nft and gaming token they need to gain a knowledge about this because many time people purchase a nft in high price but it can't sell in future a profitable price so i think this reason many people are gain high loss.
So everyone gain knowledge about these type coins and nft which are u purchase in cheap price.
So everyone gain knowledge about these type coins and nft which are u purchase in cheap price.
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