After start NFT hype, still people creating bullshit art and selling at largest web3 marketplace known as OpenSea. I wonder some people also brought such useless NFT but I think That isn’t the real side of NFT.... I think NFT need for future and It'll stay for identify the real Owners from duplicate copy made by scammers. System might be updated by using IPFS, Sia or other method. so nothing will be vanished instant
Everyone keep saying NFT is hyped and we keep seeing people making money from it. There are persons that don't joke with NFT so we need to look into it and see if people are making money or not than coming out to say that NFT is over hyped and one is not going to make money at all. Those that are making money from NFT are doing that and those that are not are not. 
Topic: Can NFTs last forever? - page 9. (Read 1584 times)
The permanence of an NFT may depend on the existence and stability of the blockchain network it relies on. If NFT is built on a stable, secure and permanent blockchain network, it will last longer.
I think blockchain in general are permanent, but it couldn't save the NFT file inside the blockchain it only records metadata, in saving NFT file one need other services, but actually, I don't think many really care about this, i too don't really care about how nft saved, just invest. Buying NFTs won't be worthy for long. I even found no point to buy NFTs with large amount of money. It just able to create hype because of new trend but demand will be decreased dramatically when hype will over. I still don't understand the concept of buying useless NFTs with millions. Proving ownership is good idea but not satisfactory reason for NFTs could last long. Who already bought NFTs, i doubt they could ever recover their money
The idea of NFT is not quite yet promoted and is not particularly clear to many. Therefore, it is logical that many people buy or receive NFT, and almost immediately sell. It seems to me that NFT is an ordinary postmark that is needed today, and tomorrow it is useless.
I think they will last for a long time as long as they evolve with time.
Ofcourse, I don't think any people will buy the same monkey artwork since many well known/legit artists now are interested in NFTs because they provide a new way to monetize and protect their digital artwork.
NFTs allow artists to prove ownership and authenticity of their work, and the unique nature of each NFT means that they can be sold as one-of-a-kind digital collectibles, which can potentially generate significant income for the artist. Also, NFTs give artists greater control over their work, allowing them to set the terms of the sale and retain ownership and control over their intellectual property. Overall, NFTs offer a new way for artists to earn revenue and gain recognition for their digital creations.
if we want blockchain technology to be accepted by people, then we should be happy with this. It's a win for all of us believer of blockchain.
Ofcourse, I don't think any people will buy the same monkey artwork since many well known/legit artists now are interested in NFTs because they provide a new way to monetize and protect their digital artwork.
NFTs allow artists to prove ownership and authenticity of their work, and the unique nature of each NFT means that they can be sold as one-of-a-kind digital collectibles, which can potentially generate significant income for the artist. Also, NFTs give artists greater control over their work, allowing them to set the terms of the sale and retain ownership and control over their intellectual property. Overall, NFTs offer a new way for artists to earn revenue and gain recognition for their digital creations.
if we want blockchain technology to be accepted by people, then we should be happy with this. It's a win for all of us believer of blockchain.
Even if media data is lost, the history of NFT properties, ownership and expenditures on the blockchain provides a history and reputation that cannot be deleted from the blockchain and is still valuable.
Also I believe most of the NFT is stored on backup servers so it can be re-attached to the media data on new servers, which restores the full value of the NFT.
Also I believe most of the NFT is stored on backup servers so it can be re-attached to the media data on new servers, which restores the full value of the NFT.
Are you saying that using the network for something is "littering" it? I am astonished that people see that as littering. Like hundreds of thousands of fungible tokens and bots buying and selling them wouldn't be littering.
Thing is, if a blockchain can be "littered" by something, then maybe the problem is in the blockchain and not people using it. The whole point of it is that ANYONE can use it. If they didn't do the math on people actually using it and flooding it, then the problem is in the platform design itself. Not on the people "using it wrong"
And we totally see what function nfts have and is and it's a multi billion dollar market so i am not sure what you are trying to say.
Thing is, if a blockchain can be "littered" by something, then maybe the problem is in the blockchain and not people using it. The whole point of it is that ANYONE can use it. If they didn't do the math on people actually using it and flooding it, then the problem is in the platform design itself. Not on the people "using it wrong"
And we totally see what function nfts have and is and it's a multi billion dollar market so i am not sure what you are trying to say.
Blockchains are designed to accept anything they're thrown at them, as long as the user is willing to pay a fee. The more transactions submitted at the same time, the higher the network fees will be. "Littering" would be an issue if the Blockchain didn't had any fees. That would give the spammer ample room to do whatever he wants without being penalized in the long run. Blocking NFTs on the Blockchain, would bring us back to the era of censorship.
We should encourage openess and decentralization to make crypto different from banks. I don't think NFTs are a passing trend, especially when there are some of them that are actually useful and/or valuable. If NFT creators host them on decentralized CDNs, they could last a lifetime. Who knows if maybe Arweave and IPFS are used to preserve NFT data in the future? Just my thoughts
NFTs (Non-Fungible Tokens) cannot last forever in their current digital form. The main reasons for this are; 'i' Dependence on the blockchain 'ii' Storage and hosting 'iii' Technological advancements. It's important to note that efforts are being made to address these challenges and find solutions for long-term preservation of NFTs.
presently; NFTs don't have a guarantee of lasting forever in their current digital state.
presently; NFTs don't have a guarantee of lasting forever in their current digital state.
All of the NFTs you know and love today, have their data stored their on centralized servers (images, video, etc). What is only stored on the Blockchain is just the properties of the NFT itself. While you're basically the "owner" of the NFT, you could lose technically lose it if the centralized server hosting the content of the NFT goes down.
So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.
So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.
Ha ha. Good point, proving once again the absolute impracticality and ineffectiveness of buying NFTs as some form of digital art, and with an exorbitantly high price tag. Investing in NFT is suitable only for speculation, but not for collecting or anything else. Art is eternal, but these chitcoins are fleeting. As the recent situation has shown, NFTs can only effectively destroy entire ecosystems, and they will never be attractive for investment.
Physical art is eternal but when it comes to NFT as Abiky stated, they are stored somewhere, and that is likely in centralized servers.
And these servers don't last forever. And certainly, the owners can't guarantee that they can secure it in eternity.
NFTs is just one facet of today's technology, it can very well disappear in the years to come and replace by a new one.
Remember, it is a hype for now and its future is face with uncertainty. So it is your own prerogative if you want to own one or not.
If you have the capability to buy an expensive artwork, I would prefer the physical artwork rather than the digital one.
That for sure, you can own in your lifetime as you have the full control on how you will handle and secure it.
All of the NFTs you know and love today, have their data stored their on centralized servers (images, video, etc). What is only stored on the Blockchain is just the properties of the NFT itself. While you're basically the "owner" of the NFT, you could lose technically lose it if the centralized server hosting the content of the NFT goes down.
So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.
So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.
Ha ha. Good point, proving once again the absolute impracticality and ineffectiveness of buying NFTs as some form of digital art, and with an exorbitantly high price tag. Investing in NFT is suitable only for speculation, but not for collecting or anything else. Art is eternal, but these chitcoins are fleeting. As the recent situation has shown, NFTs can only effectively destroy entire ecosystems, and they will never be attractive for investment.
It all depends your definition of forever.
If forever really means in the next 50yrs, NFT can last forever because it is a digital idea.
Even if all of it is not hosted on the blockchain, all the hosts will not end one day. So there will be continuity.
But if your definition of forever really means till eternity. I'm sorry to say; Nothing lasts forever
If forever really means in the next 50yrs, NFT can last forever because it is a digital idea.
Even if all of it is not hosted on the blockchain, all the hosts will not end one day. So there will be continuity.
But if your definition of forever really means till eternity. I'm sorry to say; Nothing lasts forever
The permanence of an NFT may depend on the existence and stability of the blockchain network it relies on. If NFT is built on a stable, secure and permanent blockchain network, it will last longer.
After start NFT hype, still people creating bullshit art and selling at largest web3 marketplace known as OpenSea. I wonder some people also brought such useless NFT but I think That isn’t the real side of NFT.... I think NFT need for future and It'll stay for identify the real Owners from duplicate copy made by scammers. System might be updated by using IPFS, Sia or other method. so nothing will be vanished instant
People thought that if that NFT gonna giving huge money for them. There have been many people who were putting their believe into the what they have bought in opensea. NFT can last forever but it doesn't mean if any NFT will always still remain active.
Many NFts will be dead with the goes of time due to the no interest from people to buy it. IPFS has become a common thing for NFT
After start NFT hype, still people creating bullshit art and selling at largest web3 marketplace known as OpenSea. I wonder some people also brought such useless NFT but I think That isn’t the real side of NFT.... I think NFT need for future and It'll stay for identify the real Owners from duplicate copy made by scammers. System might be updated by using IPFS, Sia or other method. so nothing will be vanished instant
To me NFTs are the shit that has littered the blockchain network. I mean what is the essential thing that we have got from NFTs? Apart from the bits and pieces of images, we also don't know what their function is. There may be some good NFTs like Apes but behind that there are thousands if not hundreds of thousands of NFTs that have become trash on blockchain networks like Ethereum and Polygon.
Thing is, if a blockchain can be "littered" by something, then maybe the problem is in the blockchain and not people using it. The whole point of it is that ANYONE can use it. If they didn't do the math on people actually using it and flooding it, then the problem is in the platform design itself. Not on the people "using it wrong"
And we totally see what function nfts have and is and it's a multi billion dollar market so i am not sure what you are trying to say.
NFT is here to stay, I would argue that we have not even scratched its surface, this digital age is going to bring about a lot of changes and we have seen it with art and in-game merchandise, what we called NFTs today would be primitive as compared to what we are going to have in 5 years time, a lot of money has been thrown into this sector and I expect a better result in coming NFT waves. Just look at Pepe, I saw this in 2017 now is making a comeback, the issue I have with NFTs is that it is illiquid if liquidity increases then we are set for another big run
Buying NFTs won't be worthy for long. I even found no point to buy NFTs with large amount of money. It just able to create hype because of new trend but demand will be decreased dramatically when hype will over. I still don't understand the concept of buying useless NFTs with millions. Proving ownership is good idea but not satisfactory reason for NFTs could last long. Who already bought NFTs, i doubt they could ever recover their money
The crypto markets always have something that will trend, and in this case NFTs are the talk of the day at the moment , but with time something else will come to replace these and people will move along with whats trending in the future because they will move were the money is.
I think NFTs are a fascinating innovation that can revolutionize the way we create and own digital assets. However, I also have some concerns about their longevity and sustainability.
These are some of the challenges that I think need to be solved before NFTs can become mainstream. Tax and illegal or unethical purposes
These are some of the challenges that I think need to be solved before NFTs can become mainstream. Tax and illegal or unethical purposes
NFT is just hype. All these picture collections won't be worth anything over time. There are already plenty of stories of people spending hundreds of thousands of dollars a few years ago and now having no more than a hundred dollars. So NFT is just speculation. The same story is happening now with meme coins. Someone will just lose money. But it will be something to remember.
There are countless of stories people buying altcoins and losing money, so are those also worth nothing over time? Everything in this space is speculation so that's not really an argument against nfts, it's an argument against all cryptocurrencies. It has been speculation from the start. No matter the marketcap or the meme lines people draw over the charts as TA. Everything can come down and burn. Just look at the top marketcap coins history People are wasting their time and money in things that won't last forever. Unless NFT creators host the content on decentralized storage solutions such as IPFS, Sia, or Storj, don't expect NFTs to be taken seriously anytime soon. Who knows what the future holds for this nascent industry? Just my opinion
It is too hard to assume but can't give confidence that these NFT projects will still exist years from now.
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