Future of the NFTs | Bitcointalksearch.org

marilynmanson21

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Quote from: BIN-BIN on December 24, 2021, 12:01:09 AM

Quote from: magneto on December 23, 2021, 06:39:43 PM

Quote from: BIN-BIN on December 22, 2021, 01:46:07 PM

As the year 2021 is coming to an end what is the future for the new rave of the moment NFTs which seems to have taken over the cryptocurrency market in 2021 as the new year 2022 is coming and a lot of projects coming up what do we expect to see in the coming year will NFTs continue to drive or a new wave is coming?

I think that good quality projects will benefit from a huge run-up.

However, the more mediocre projects that are just predicated on images of animals will slowly fade away.

Metaverse projects have huge potential in this field, e.g. Sandbox, Decentraland, etc.

Am well aware of the strength of mateverse web 3.0 project and most analysts predict that 2022 is going to be all about metaverse which I believe will happen, but again, I have strong faith that the NFT era is not over yet and the projects are still going to occupy a large day in the coming year 2022 even if metaverse become the craze of the year.

judging by the circumstances what you say is true, even if it is not left behind NFT will always be there and even then only for gaming, but if it has entered crypto? I think the block network will always advance and innovate on the coins offered

Pamadar

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Quote from: Maslate on February 05, 2022, 05:59:35 PM

Quote from: wheelz1200 on February 05, 2022, 05:54:15 PM

Quote from: BIN-BIN on December 22, 2021, 01:46:07 PM

As the year 2021 is coming to an end what is the future for the new rave of the moment NFTs which seems to have taken over the cryptocurrency market in 2021 as the new year 2022 is coming and a lot of projects coming up what do we expect to see in the coming year will NFTs continue to drive or a new wave is coming?

Tons of more scams and terrible "art" that is hype inflated. And then at a certain point most people will lose their "money" as the bottom falls out. The art that is out there in nft land is awful. Few and far between with people who actually spend time. It's a cash grab fad, that's it.

many people had lost their money in crypto for they blindly invest in projects that are worthless.
I don't know but I really have not felt good with these NFTs since before and have had no interest in investing in them until today. But fortunately, I wasn't wrong and I made my decision right as many complaints to hear about suffering losses after buying NFT.

If you don't have that interest, better not to enter or participate, same with any other projects you need

to spend time in doing your research and knowing the potentials, investing blindly most of the time to cause you to lose your money,
though there are investors who managed to earn by investing in this industry, those who take the risk and invest the sooner that they've
heard about the project, taking the risk after seeing the potentials would guide you to earn decently.

Wawa2013

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Quote from: JrRini on February 02, 2022, 07:42:52 AM

Quote from: uneng on February 01, 2022, 02:04:30 PM

Many NFT projects started last year, promising to show some progress during this year of 2022 on their roadmap, but so far I haven't seen any results. I don't know if the bear market slowed down NFT projects' developers , but that is what it looks like. Maybe from the second quarter on updates regard NFT games will be introduced and shared with the crypto community.
There are many promises on this NFT industry, but too little was delivered to investors and enthusiasts for real. So we have to be careful to not believe in anything we see around, only investing in something you see working on practice. Beware of ponzi NFTs.

I agree with you because there are a lot of NEFTs that fake developers make these for and some don't understand how tokens come to the world in a stingy way. Many buyers and sellers have been caught. I have also caught a few NFTs.

As with other crypto trends, NFT provides fresh air for the development of the crypto industry and the future of NFT will be bright this year.
But still there are people who want to profit from NFT in a bad way, by committing fraud. Indeed, after all, scammers are always everywhere,
we must learn to be vigilant in every decision we make. Don't be interested in the NFT project because it promises big rewards, because like you said
a lot of scammers nowadays are creating fake NFT projects for personal gain. Make sure we do a thorough investigation before deciding to
invest in an NFT project.

Maslate

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Quote from: wheelz1200 on February 05, 2022, 05:54:15 PM

Quote from: BIN-BIN on December 22, 2021, 01:46:07 PM

As the year 2021 is coming to an end what is the future for the new rave of the moment NFTs which seems to have taken over the cryptocurrency market in 2021 as the new year 2022 is coming and a lot of projects coming up what do we expect to see in the coming year will NFTs continue to drive or a new wave is coming?

Tons of more scams and terrible "art" that is hype inflated. And then at a certain point most people will lose their "money" as the bottom falls out. The art that is out there in nft land is awful. Few and far between with people who actually spend time. It's a cash grab fad, that's it.

many people had lost their money in crypto for they blindly invest in projects that are worthless.
I don't know but I really have not felt good with these NFTs since before and have had no interest in investing in them until today. But fortunately, I wasn't wrong and I made my decision right as many complaints to hear about suffering losses after buying NFT.

wheelz1200

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Quote from: BIN-BIN on December 22, 2021, 01:46:07 PM

As the year 2021 is coming to an end what is the future for the new rave of the moment NFTs which seems to have taken over the cryptocurrency market in 2021 as the new year 2022 is coming and a lot of projects coming up what do we expect to see in the coming year will NFTs continue to drive or a new wave is coming?

Tons of more scams and terrible "art" that is hype inflated. And then at a certain point most people will lose their "money" as the bottom falls out. The art that is out there in nft land is awful. Few and far between with people who actually spend time. It's a cash grab fad, that's it.

LUCKMCFLY

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Quote from: Questat on February 02, 2022, 08:06:42 AM

Quote from: ?? on ??

We can see for ourselves the development of NFT at the end of last year which rose so fast and attracted the attention of many crypto members, NFT is still new in crypto but has proven to be very outstanding performance so that there are some people who have benefited greatly from the results of NFT so the future NFT is no doubt in the future or this year is the year that NFT has been waiting for, the best trend has also been obtained so it is very easy for further development.

Well, it appears that they have a good start and promising look but this is not enough to give assurance to the investors that they are still profitable in the future. We couldn't assume that eveyrthing will be fine a year from now, even by just tomorrow nor to say that people will still invest NFT once they say another potential investment as for sure that they will look after them and then sell their NFT's. This is certainly be going to happen as it was already happen to the past years.

One of the things that I can conclude based on the NFTs is that they are requiring many devs to launch games that meet the KYC requirements and that we can all see some data, also that the wallets are blocked for at least more than 1 year , so that investors are able to recover their investment if they want to get out of the game, and those who stay can make the economy grow, there are many things that are being worked on, many will go to the Polygon network and Solana, I think the BSC network is not so popular now due to congestion and fees that have increased.

Questat

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We can see for ourselves the development of NFT at the end of last year which rose so fast and attracted the attention of many crypto members, NFT is still new in crypto but has proven to be very outstanding performance so that there are some people who have benefited greatly from the results of NFT so the future NFT is no doubt in the future or this year is the year that NFT has been waiting for, the best trend has also been obtained so it is very easy for further development.

Well, it appears that they have a good start and promising look but this is not enough to give assurance to the investors that they are still profitable in the future. We couldn't assume that eveyrthing will be fine a year from now, even by just tomorrow nor to say that people will still invest NFT once they say another potential investment as for sure that they will look after them and then sell their NFT's. This is certainly be going to happen as it was already happen to the past years.

JrRini

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Quote from: uneng on February 01, 2022, 02:04:30 PM

Many NFT projects started last year, promising to show some progress during this year of 2022 on their roadmap, but so far I haven't seen any results. I don't know if the bear market slowed down NFT projects' developers , but that is what it looks like. Maybe from the second quarter on updates regard NFT games will be introduced and shared with the crypto community.
There are many promises on this NFT industry, but too little was delivered to investors and enthusiasts for real. So we have to be careful to not believe in anything we see around, only investing in something you see working on practice. Beware of ponzi NFTs.

I agree with you because there are a lot of NEFTs that fake developers make these for and some don't understand how tokens come to the world in a stingy way. Many buyers and sellers have been caught. I have also caught a few NFTs.

Flexystar

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I am just loving the way NFT are working. Just now had post about how street artists are getting their arts on the blockchain by using NFT. The so called murals are getting photo copied from the buildings and walls around the states and being uploaded over blockchain as NFT asset.

This is huge leap in the market of street artistry. Who would have ever imagined that these arts which we used to see on the street while Walking and talking are now real digital assets being priced and preserved.

So yup NFT is doing great job.

Read here: Street Art Being Minted on Blockchain - NFT Makes Murals Digital

uneng

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Many NFT projects started last year, promising to show some progress during this year of 2022 on their roadmap, but so far I haven't seen any results. I don't know if the bear market slowed down NFT projects' developers , but that is what it looks like. Maybe from the second quarter on updates regard NFT games will be introduced and shared with the crypto community.
There are many promises on this NFT industry, but too little was delivered to investors and enthusiasts for real. So we have to be careful to not believe in anything we see around, only investing in something you see working on practice. Beware of ponzi NFTs.

riskarcher

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NFT will never die, NFT has become one unit with Metaverse and Defi which big companies participate in in promoting their market through NFT. NFT is one of the digital assets that has copyright in blockchain in the future until 2025 I am sure NFT will still exist and hype like the previous year

lvsca

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The NFT has shown no bubbles so far. Because NFT is a function on the platform compared in trade in the market like the usual token. NFT hype in trading is neater as if there is no bubble with this trend. However, I hope that NFT can advance in 2022 because there is still a lot to be developed from NFT.

arbifahrozy

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Nft will be future of crypto like Defi. I always look for rare and valuable assets. For example, I am waiting for tomorrow's Death Merchant dropping on Terra Virtua because it's gonna be limited quantity, and the common tier has been removed to reduce variants. I'm literally counting hours to get mine!

JooBra

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Quote from: ?? on ??

Quote from: JooBra on January 30, 2022, 03:58:25 PM

Quote from: ?? on ??

Quote from: LaCucina on January 01, 2022, 05:47:35 AM

Many metaverses actively use NFT and continue to develop and interact with each other. For example, a next-gen gaming NFT utility initiative named Shuna Inuverse (SHUNAV2) bypasses that process by making partnerships with the already existing and future appearing tokens to share their metaverses. More information about how it is possible to interact between different metaverses can be found here - https://www.livebitcoinnews.com/lbank-exchange-will-list-shuna-inuverse-shunav2-on-january-5-2022/

Price of NFT depends from demand in them.
Demand depends a lot on promotion. Famous persons and big companies promote NFT, people believe in the growth of NFT price and buy NFT.

Many people create their own NFT collections, NFT is a morden trend and many people want to earn money on this trend.
People continue to buy NFT hoping for their price grow.

NFT's at least most of them give something with them. Passive income or some kind of royality that comes with it. Those are soe of the reasons why NFTs keep growing in price.

There is no gainsaying the fact that NFT gives content creatures the opportunity of generating passive income on the blockchain network and this has given them the chance to properly manage their content and its ownership.

Yeah and I think the integration with other aspects of life will bring even more money into NFT. I think we will see the real implementation of NFT in near future.

LUCKMCFLY

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Quote from: Mahanton on January 27, 2022, 04:35:58 PM

Quote from: arbifahrozy on January 27, 2022, 03:58:41 PM

Future of Nft is looking very good but not for all. Big Artist can sell high while common artist,
95% of those who create an NFT collection are disappointed because they cannot sell them. The same percentage has not yet understood that the value of a nft is given by its usefulness (99%). The remaining 1% concerns the art or better the graphic quality.

One thing that boggles up my mind on whats the true usage or relevance of NFT art which everything could really be driven off with hype.Its true that nft made out by those big artist or popular then for sure it would really sell high but if not then it would be just crap and thats reality but surprisingly there are ones who do reach out millions which it isnt surprising specially if its been on main hype as of this moment.
Future would be still unsure because we know once the hype is gone then expect value would really be going down.This is why its not bad to secure out profits out of those NFT's if you do have one.

NFTs are an opportunity that I think many left or killed, the devs of many NFT games have created a panic among investors that resembles ICOs in 2017-2018, in this case NFTs started with Art and for many artists who took a very high capitalization, then looked for a way to do business with games, now I only see a possibility of success through the metaverses, and since the metaverses promise to be the best for the beginning of a different digital future, I think that If it is not taken advantage of in the best way, they will kill everything as pyramid schemes occur, as happened with most games in 2021.

JooBra

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Quote from: LaCucina on January 01, 2022, 05:47:35 AM

Many metaverses actively use NFT and continue to develop and interact with each other. For example, a next-gen gaming NFT utility initiative named Shuna Inuverse (SHUNAV2) bypasses that process by making partnerships with the already existing and future appearing tokens to share their metaverses. More information about how it is possible to interact between different metaverses can be found here - https://www.livebitcoinnews.com/lbank-exchange-will-list-shuna-inuverse-shunav2-on-january-5-2022/

Price of NFT depends from demand in them.
Demand depends a lot on promotion. Famous persons and big companies promote NFT, people believe in the growth of NFT price and buy NFT.

Many people create their own NFT collections, NFT is a morden trend and many people want to earn money on this trend.
People continue to buy NFT hoping for their price grow.

NFT's at least most of them give something with them. Passive income or some kind of royality that comes with it. Those are soe of the reasons why NFTs keep growing in price.

GHS2014

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I think people need to see the bigger picture here when it comes to NFT's. And yes while it is a hype train and JPEG's are selling for obscene amounts.
There actually are some projects that wants to bring real utility to NFT's.

One of these is Plastiks they are launching their platform soon, and they are focusing on merging NFT's and Recycling companies together so that they can sell Recovery Guarantees of SUP's ( Single Use Packaging ) to consumer brands. Along with this they can mint the NFT with some art if they choose to do so by the artists that upload art on the platform.

1. Recyclers upload their invoices for X amount of KG plastic recovered and sold. And they mint an NFT and choose some art to be included with it.
2. They sell the NFT on the marketplace to consumer brands and / or regular people that want to contribute to remove plastics from our oceans and land.
3. Some of the proceeds goes to recover additional plastics from nature.

And btw these NFT's can only be bought with their own native token, and with the EU Single-Use Plastics Directive i can see real value and utility with these NFT's

I am interested in what other use cases we might find for NFT's in the future.

doomloop

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Quote from: Mahanton on January 27, 2022, 04:35:58 PM

One thing that boggles up my mind on whats the true usage or relevance of NFT art which everything could really be driven off with hype.Its true that nft made out by those big artist or popular then for sure it would really sell high but if not then it would be just crap and thats reality but surprisingly there are ones who do reach out millions which it isnt surprising specially if its been on main hype as of this moment.
Future would be still unsure because we know once the hype is gone then expect value would really be going down.This is why its not bad to secure out profits out of those NFT's if you do have one.

I am going to try to explain this, but I am neither an expert on NFT, nor even have one (just a few free ones). What is the point of any art? What is the point of Mona Lisa? You may say Mona Lisa has a worth, and that is why it is expensive, but what is the point of the art on the wall of your house?

I have one, it is made by an artist, a respectable one since he was capable of it, but not a famous one, so it was VERY cheap, like less than $50, but it is still art, and I believe it looks amazing, put picasso signature under it and suddenly it worths 50 million instead of $50.

Same goes with NFT, people think it has a value, they spend thousands, because that is what they think it worths. There is also the dark side, where people buy from themselves, so if I have 500k, then I create an NFT and buy it from myself for 500k, now I have 500k and an NFT that was bought for 500k. Also money laundering happens as well. So between the art part and the bad people part, NFT became very famous.

letyouearn

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NFT is a very interesting and promising sphere. Tokenisation itself can bring us a lot of useful products and services. You can tokenise everything you can imagine. I think we will see some really exciting cases here and all these NFT pics are only the beginning of this hype.

abikobong

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This section is not suitable for the masses, only for a few people! Because there are differences in thinking, haha. Values are different.
I dont think that this kind of NFT will be the future,There should be others NFT.

Topic: Future of the NFTs (Read 1120 times)