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Topic: How many in this community are into NFT? (Read 320 times)

member
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May 02, 2022, 01:50:12 PM
#30
In my point of view a common man who is a good on canvas such as a wallboard painter cannot earn through NFT. He will still struggle to make his or her ends meet.

What do you guys think?
From my point of view, especially India and Pakistan, NFT has become an active role in crypto circles, I saw it on Facebook and Twitter, I might rate one hundred percent of crypto users in India 70% like NFT.
sr. member
Activity: 798
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Honestly, NFT is just hyped unnecessarily. Understanding the fact is just a paint or image project makes it more terrible not to have a proper use case. The last thing I would ever think of is investing in NFT. I don't see NFT trading more than next year and it will all diminish leaving her investors to perils
full member
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I disagree with 'tech community' being against it, every project I come across these days have included nfts in some way or other.

If ethereum were to solve it's scalability problem, we would see even more participation.

I mean yeah most projects that aim to get short term profits would be into NFTs right? But my point is that most technical shows I've watched (or even stuff like the WAN show) explains how it doesn't really have much of a "value". It can be minted again, and there's little point in "exclusivity" or "proof of ownership" argument when the stuff that is in questions doesnt really have a physical existence.

The way that NFTs are being associated with images, is basically useless because getting that image is basically as simple as right clicking and hitting "Save as". The technology itself isn't worthless - just the current most popular implementation regarding NFT art is.

You can copy a digital file as many times as you want, including the art that’s included with an NFT.
And sure, the proof of ownership that exists on the blockchain can't be copied. But for just any piece of art, does that really carry any value? And it doesnt make it more exclusive, if other people also have that image, it doesnt even remotely compare to art collecting like most people hope it will. With digital art, a copy is literally as good as the original.
hero member
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I feel like I don't agree with most of the sentiments in this thread. I don't think NFTs are going anywhere. A lot of the tech community is already pretty against it I feel. There are also pretty frequent scams with NFTs, that I think damage their reputation further - considering they already do not hold much solid ground in the minds of tech enthusiasts. Yes, I agree that there are scams with crypto too, but NFTs have been plagued with them right from their conception, and there's just not much to build upon that would attract tech enthusiasts to NFTs.

Stuff like this : https://www.theverge.com/2022/1/21/22895126/ozzy-osbourne-nft-scam-cryptobatz-hack-ethereum

This really harms their credibility. Also, it just seems like a hacky way for a lot of influencers to earn quite a decent sum of money pretty fast. I think the following link also summarizes the current sentiment about NFTs among tech enthusiasts at the moment: https://www.theverge.com/2021/12/20/22846654/brian-eno-nft-crypto-skeptical-morozov-suckers

I can't say NFTs arent popular, they definitely are, but what is the user buying exactly? Most of it isnt unique, easily pirated, its mostly just an image. I don't think there's real value there, yet people are buying it. This however is mostly people who aren't very familiar with tech, and thus is being exploited by influencers for their benefit. There's no real value in NFTs - they aren't crypto definitely.

I disagree with 'tech community' being against it, every project I come across these days have included nfts in some way or other.

If ethereum were to solve it's scalability problem, we would see even more participation.


full member
Activity: 155
Merit: 102
I feel like I don't agree with most of the sentiments in this thread. I don't think NFTs are going anywhere. A lot of the tech community is already pretty against it I feel. There are also pretty frequent scams with NFTs, that I think damage their reputation further - considering they already do not hold much solid ground in the minds of tech enthusiasts. Yes, I agree that there are scams with crypto too, but NFTs have been plagued with them right from their conception, and there's just not much to build upon that would attract tech enthusiasts to NFTs.

Stuff like this : https://www.theverge.com/2022/1/21/22895126/ozzy-osbourne-nft-scam-cryptobatz-hack-ethereum

This really harms their credibility. Also, it just seems like a hacky way for a lot of influencers to earn quite a decent sum of money pretty fast. I think the following link also summarizes the current sentiment about NFTs among tech enthusiasts at the moment: https://www.theverge.com/2021/12/20/22846654/brian-eno-nft-crypto-skeptical-morozov-suckers

I can't say NFTs arent popular, they definitely are, but what is the user buying exactly? Most of it isnt unique, easily pirated, its mostly just an image. I don't think there's real value there, yet people are buying it. This however is mostly people who aren't very familiar with tech, and thus is being exploited by influencers for their benefit. There's no real value in NFTs - they aren't crypto definitely.
hero member
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I think most of the crypto holder also you can tell altcoin holder know about the nft now.  Nft is not only in trend also it is holding a huge amount of marketcap now. I am also with lots of nft now. And i think everyone in this community know about the nft but there is some crypto holder who not focus on nft they just focus on trading its on future or spot.
Good to hear that you are into NFT's. Recent article published on mainstream media suggest that the hype of NFT is over. You can read that article by checking the link below.
Code:
https://www.google.com/amp/s/www.cnbctv18.com/cryptocurrency/nft-hype-cools-off-market-volumes-hit-lowest-levels-since-july-12754562.htm/amp

I still think the hype will remain as long as people are willing to buy JPG's which are really important. I do not think shit projects will gain any momentum from now on.
hero member
Activity: 2100
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January 07, 2022, 07:26:40 PM
#24
~~

What I like most about NFT is that it is not affected by the cryptocurrency market. The current crypto market is in bear mode but the NFT market is still stable and some projects are still pumping. Like any other kind of crypto scam, there are scam projects in this domain too therefore do your research before investing.

I am following NFT market from half a year and noticed contrary to what you experienced. In my opinion, NFTs are highly correlated with the crypto price movements. Ethereum and Solana are the two most popular NFT ecosystems and whenever their prices decrease, people tend to liquidate their NFTs too like any other altcoin. Here is the price comparison of Aurory (one of the best Solana projects) in SOL with the SOL price in USD.



You will notice that the first dump in Aurory price happened when SOL went down by 15% on 30th October, second dump came in the last week of Nov when SOL broke by 20%. The third and most significant dump happened near 8th Dec when SOL prices went downhill with the rest of the crypto market.

However, I agree that the recent trend is contradictory. NFT prices are going in the opposite direction to the cryptos since last week. But it's mostly due to the re-surge of Web 3.0 hype in 2022. NFT market volume has increased 15x since 2nd January. If this trend continues, we may see NFT market trend detaching from the primary crypto market trend but we would need much more than PFPs and shitty games from the NFT projects for that to happen.

I might have forgotten to mention it depends on projects too. There are a few projects that I have been monitoring from day 1 of their inception and I see the price going up contrary to the crypto market. You should check these two projects Monaco planet once and sandbox. Also, do check the listing price and the current price especially of Monaco as it was listed a few months ago on OS.
 
legendary
Activity: 1918
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January 07, 2022, 02:14:43 PM
#23
~~

What I like most about NFT is that it is not affected by the cryptocurrency market. The current crypto market is in bear mode but the NFT market is still stable and some projects are still pumping. Like any other kind of crypto scam, there are scam projects in this domain too therefore do your research before investing.

I am following NFT market from half a year and noticed contrary to what you experienced. In my opinion, NFTs are highly correlated with the crypto price movements. Ethereum and Solana are the two most popular NFT ecosystems and whenever their prices decrease, people tend to liquidate their NFTs too like any other altcoin. Here is the price comparison of Aurory (one of the best Solana projects) in SOL with the SOL price in USD.



You will notice that the first dump in Aurory price happened when SOL went down by 15% on 30th October, second dump came in the last week of Nov when SOL broke by 20%. The third and most significant dump happened near 8th Dec when SOL prices went downhill with the rest of the crypto market.

However, I agree that the recent trend is contradictory. NFT prices are going in the opposite direction to the cryptos since last week. But it's mostly due to the re-surge of Web 3.0 hype in 2022. NFT market volume has increased 15x since 2nd January. If this trend continues, we may see NFT market trend detaching from the primary crypto market trend but we would need much more than PFPs and shitty games from the NFT projects for that to happen.
hero member
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January 06, 2022, 07:52:07 PM
#22
I love NFT and holding nfts for future trend. If NFT trend work i will definitely sell in high price.
 Currently NFT is looking just art like btc which was low value in start and now trading above 45k.
In future Solono,Luna and Eth base NFT will give me big profit.

What I like most about NFT is that it is not affected by the cryptocurrency market. The current crypto market is in bear mode but the NFT market is still stable and some projects are still pumping. Like any other kind of crypto scam, there are scam projects in this domain too therefore do your research before investing.
hero member
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January 01, 2022, 05:13:18 AM
#21
I love NFT and holding nfts for future trend. If NFT trend work i will definitely sell in high price.
 Currently NFT is looking just art like btc which was low value in start and now trading above 45k.
In future Solono,Luna and Eth base NFT will give me big profit.
hero member
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December 16, 2021, 01:04:26 PM
#20
I live nfts and their trend. Nft is not just an art but will be  use for different purpose. At this time people just use for buy and sell like tokens. Some projects offer also mining and staking through their NFTs.
Good usecase is Gaming metaverse where its use as a weopen,land,Clothes,inventory etc but i expect some more in future. I bought 10+ for future.
full member
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$CYBERCASH METAVERSE
December 13, 2021, 10:28:38 PM
#19
I impress from nft and i wish i would buy more nfts and hold for future. Solona nfts are very good and also etherium nfts are veey good.
People interest in NFT is going hiGh day by day. Many artist already released their NFts and products companies also lookinh to release NFT. I have some NFTs and i hold itbfor future trend.
hero member
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December 13, 2021, 07:45:49 PM
#18
NFT is super hyped and after Amitabh Bachchan and the news that Rajnikant will also enter it will become viral. What I like about it is that, these superstars are promoting cryptocurrency indirectly. Another aspect of NFT that in my opinion is it will help many new and upcoming graphic designers. Only if they are able to come up with some unique creation. What I dislike is that only celebrities are cashing out. Not all graphic designers are making enough money.

In my point of view a common man who is a good on canvas such as a wallboard painter cannot earn through NFT. He will still struggle to make his or her ends meet.

What do you guys think?

NFT is a garbage! It may be good for celebrities because they have something to back them up. If you own a NFT created by Amitabh Bacchan, then you have something to say about your purchase. But as a common man, it means nothing. If I create an image, I don't have anything to back up to increase its value so regardless of the quality of my images, it won't get any attention.

NFT market is just riding on hype. This hype is bound to decease after a certain time period and may never ckme back again. It's a great tool for money laundering as well. So prefer to stay clear out of this market.

You are right but people are going after this hype and some have also made tons in the NFT market. After celebrities now big companies are also venturing into this craze. Read a few days back the Pepsi has launched its first brand NFT known as Pepsi Mic Drop. They know this will generate a good income for them. Since I have been researching on NFT I have also seen people investing 0.03E and selling at 0.2E in a month time. While the crypto market is in red the NFT market is still in green.
legendary
Activity: 3024
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December 13, 2021, 12:48:59 PM
#17
NFT is super hyped and after Amitabh Bachchan and the news that Rajnikant will also enter it will become viral. What I like about it is that, these superstars are promoting cryptocurrency indirectly. Another aspect of NFT that in my opinion is it will help many new and upcoming graphic designers. Only if they are able to come up with some unique creation. What I dislike is that only celebrities are cashing out. Not all graphic designers are making enough money.

In my point of view a common man who is a good on canvas such as a wallboard painter cannot earn through NFT. He will still struggle to make his or her ends meet.

What do you guys think?

NFT is a garbage! It may be good for celebrities because they have something to back them up. If you own a NFT created by Amitabh Bacchan, then you have something to say about your purchase. But as a common man, it means nothing. If I create an image, I don't have anything to back up to increase its value so regardless of the quality of my images, it won't get any attention.

NFT market is just riding on hype. This hype is bound to decease after a certain time period and may never ckme back again. It's a great tool for money laundering as well. So prefer to stay clear out of this market.
hero member
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December 08, 2021, 03:42:53 AM
#16
Art nft is looking useless. May be in future if some good usecase come to front like use as a ticket for show and sports stadium.
I have some Solona base NFTs and ganing nfts and i believe that metaverse trend is working good and if we have early NFTs we can sell it high ans also use these nfts in game to earn huge reward there.
hero member
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November 20, 2021, 07:18:20 PM
#15
I have been looking into the NFT space for a month now on Opensea and there are many interesting things that I came to know and one of them is the rarity tool. As per my understanding if the rarity of your digital art is less than 2000 then it is considered good. The only thing that is prohibiting me to enter this space is the transaction fee of Ethereum. It seems the art is costing cheaper than the fee. Ayone knows good BEP20 or Matic NFT platforms or any project worth looking for?

Rarity of the art depends on various factors such as number of images in the collection, number of traits the art have, % of each traits the collection has etc...
All of these together determines how rare the art is. ETH NFTs are really costly because of the gas fess.
I have never thought of diving into ETH NFTs. I do have some experience in Solana NFTs though.
Solana NFTs are the best ones after ETH NFTs. They are Cheap and has some good projects.

But the NFT hype is decreasing these days in my opinion.

Do you know any good project in Solano NFT or any upcoming ones. Not much information is coming out of Solano NFT at the moment.

The best NFT project till date on Solana blockchain is Aurory. They have a good team and concept.
The current floor price is around 21 SOL which means around $4500 which is huge for an average person like me.

Website link : https://aurory.io/
You can buy it from : https://www.solanart.io/

Quote
Another question does anyone knows where to find information and news related to the NFT space? I am seriously Interested in getting those JPG images Grin

You can follow the NFT space on Twitter and Discord. On twitter search for hashtags like #NFT #SolanaNFT #NFTGiveaway #NFTshill etc...
These will give you the tweets from various NFT projects. Follow the ones which are of your interest and join their Discord servers.


Important point : There will be many NFT projects but don't fall for them. Do a thorough research before putting your money in any of them.

Thanks for the detailed information. I will check that project need to do some research on it. It looks like a metaverse as a first impression to me. Need to check their whitepaper and if it suits me then I will certainly go ahead with the project.

If anyone here has any other recommendations then please do leave your valuable comment. Just a reminder I am not looking for projects on Ethereum blockchain.
hero member
Activity: 2646
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Nothing lasts forever
November 20, 2021, 08:56:16 AM
#14
I have been looking into the NFT space for a month now on Opensea and there are many interesting things that I came to know and one of them is the rarity tool. As per my understanding if the rarity of your digital art is less than 2000 then it is considered good. The only thing that is prohibiting me to enter this space is the transaction fee of Ethereum. It seems the art is costing cheaper than the fee. Ayone knows good BEP20 or Matic NFT platforms or any project worth looking for?

Rarity of the art depends on various factors such as number of images in the collection, number of traits the art have, % of each traits the collection has etc...
All of these together determines how rare the art is. ETH NFTs are really costly because of the gas fess.
I have never thought of diving into ETH NFTs. I do have some experience in Solana NFTs though.
Solana NFTs are the best ones after ETH NFTs. They are Cheap and has some good projects.

But the NFT hype is decreasing these days in my opinion.

Do you know any good project in Solano NFT or any upcoming ones. Not much information is coming out of Solano NFT at the moment.

The best NFT project till date on Solana blockchain is Aurory. They have a good team and concept.
The current floor price is around 21 SOL which means around $4500 which is huge for an average person like me.

Website link : https://aurory.io/
You can buy it from : https://www.solanart.io/

Quote
Another question does anyone knows where to find information and news related to the NFT space? I am seriously Interested in getting those JPG images Grin

You can follow the NFT space on Twitter and Discord. On twitter search for hashtags like #NFT #SolanaNFT #NFTGiveaway #NFTshill etc...
These will give you the tweets from various NFT projects. Follow the ones which are of your interest and join their Discord servers.


Important point : There will be many NFT projects but don't fall for them. Do a thorough research before putting your money in any of them.
hero member
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November 20, 2021, 04:59:46 AM
#13
I have been looking into the NFT space for a month now on Opensea and there are many interesting things that I came to know and one of them is the rarity tool. As per my understanding if the rarity of your digital art is less than 2000 then it is considered good. The only thing that is prohibiting me to enter this space is the transaction fee of Ethereum. It seems the art is costing cheaper than the fee. Ayone knows good BEP20 or Matic NFT platforms or any project worth looking for?

Rarity of the art depends on various factors such as number of images in the collection, number of traits the art have, % of each traits the collection has etc...
All of these together determines how rare the art is. ETH NFTs are really costly because of the gas fess.
I have never thought of diving into ETH NFTs. I do have some experience in Solana NFTs though.
Solana NFTs are the best ones after ETH NFTs. They are Cheap and has some good projects.

But the NFT hype is decreasing these days in my opinion.

Do you know any good project in Solano NFT or any upcoming ones. Not much information is coming out of Solano NFT at the moment.

Another question does anyone knows where to find information and news related to the NFT space? I am seriously Interested in getting those JPG images Grin
hero member
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November 19, 2021, 11:07:05 PM
#12
Isn't that 'superstar' selling point in first place? Artist must be getting his cut, and without the selling point no one would purchase. Imo it's fine.
hero member
Activity: 2646
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Nothing lasts forever
November 18, 2021, 09:47:17 AM
#11
I have been looking into the NFT space for a month now on Opensea and there are many interesting things that I came to know and one of them is the rarity tool. As per my understanding if the rarity of your digital art is less than 2000 then it is considered good. The only thing that is prohibiting me to enter this space is the transaction fee of Ethereum. It seems the art is costing cheaper than the fee. Ayone knows good BEP20 or Matic NFT platforms or any project worth looking for?

Rarity of the art depends on various factors such as number of images in the collection, number of traits the art have, % of each traits the collection has etc...
All of these together determines how rare the art is. ETH NFTs are really costly because of the gas fess.
I have never thought of diving into ETH NFTs. I do have some experience in Solana NFTs though.
Solana NFTs are the best ones after ETH NFTs. They are Cheap and has some good projects.

But the NFT hype is decreasing these days in my opinion.
hero member
Activity: 2100
Merit: 771
Top Crypto Casino
November 18, 2021, 04:37:04 AM
#10
I have been looking into the NFT space for a month now on Opensea and there are many interesting things that I came to know and one of them is the rarity tool. As per my understanding if the rarity of your digital art is less than 2000 then it is considered good. The only thing that is prohibiting me to enter this space is the transaction fee of Ethereum. It seems the art is costing cheaper than the fee. Ayone knows good BEP20 or Matic NFT platforms or any project worth looking for?
hero member
Activity: 2646
Merit: 713
Nothing lasts forever
November 17, 2021, 12:02:49 PM
#9
NFTs are quite new to be honest. It's just like the ICO era where everybody wanted to hop in to the boat and make money investing in shit tokens.
Many made good profits in the beginning but as the ICO era came to an end people started losing their money.
NFT era is just the ICO era and people started throwing their money buying NFTs with shit art.
But these days not every NFT project is making money. In fact most of them are not gaining any traction.
People are just starting to realize that they should not blindly invest in all the NFTs.

To be honest, NFT is a really cool technology but people are using it for wrong purposes.
Owning a digital asset which is unique is really a cool tech but it has to be utilized in a proper way to make the most out of it.
Only time will tell how good NFTs can be. But one thing is for sure and that is that the these shit arts are not gonna make it in the long run.
Most of these NFT projects will die soon.
hero member
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November 15, 2021, 07:25:50 PM
#8
NFT is super hyped and after Amitabh Bachchan and the news that Rajnikant will also enter it will become viral. What I like about it is that, these superstars are promoting cryptocurrency indirectly. Another aspect of NFT that in my opinion is it will help many new and upcoming graphic designers. Only if they are able to come up with some unique creation. What I dislike is that only celebrities are cashing out. Not all graphic designers are making enough money.

In my point of view a common man who is a good on canvas such as a wallboard painter cannot earn through NFT. He will still struggle to make his or her ends meet.

What do you guys think?
NFT will become too valuable in the future, but its value will come not from the Art-based NFTs but from the NFTs which aim at creating games and subsequently metaverses. These celebs' NFTs are just money-earning tricks created by these celebs and people would soon realize this and will not put their money in them unless they are into collecting Antiques and raribles. Metaverses aim at creating digital identities for everyone, when a person would want to become part of that metaverse, buying NFTs would be made mandatory and that will drive the major part of the growth of the NFTs, graphic design NFTs are way out of trend now and were just overhyped.

I am still trying to understand how then these graphic designers who have listed their work on a marketplace like opensea are still making money if art is no more hyped. Check out the listing once and look into the amount they are charging for something which I do not think is valuable. I also read somewhere maybe within the forum that a lot of people are into NFT because they want to convert their black money to white. Is that true?
Yes, true many people are using it to convert their money from black to white. Also, the worst part about graphic-based NFTs are their value is primarily derived from the past sales price of that NFT. I read an example on Linkedin posted by someone, let's say, I have 100 ETH in 3 different accounts, and I was a graphic designer create an NFT and buy that NFT for 20 ETH using my own address I just paid some gas fees that's it, but now I have 99.9 ETH and an NFT worth 20ETH now I do this once again using 30ETH and therefore showing a price history of sales, using this hype I can easily sell an NFT whose recent sale was of 30ETH at a price of 10 ETH, which means I made 110 ETH out of thin air 
As usual, people have already started exploiting the loopholes. This is in general common practice in the art industry the value of an existing painting or art is derived from its old price. But, what you have told me is a scam and people are falling for it. The problem in crypto industry is that most are new and most never do any kind of research before investing.
Absolutely true, people in this industry first see the first movers becoming rich and then they think getting rich is too easy they just have to replicate what that person did but until then it's too late and these people fall prey to these foolish tactics created by smart people to earn from their investments. Secondly, finding loopholes has always been a habit of folks, especially when it comes to converting black money to white money. I feel this circle would go on continuously just a few people out of the foolish ones become smart each year rest all of them are butchered by the whales for earning money.

I found out about another scam on Opensea. After public sale is over scammers on Opensea create an impression that they would like to sale their NFT in losing price. When user tryies to purchase the NFT they will increase the price without the knowledge of that individual. The user will think it is technical display glitch and will go ahead with the transaction. This another vulnerability of Opensea market place.
hero member
Activity: 2100
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November 14, 2021, 02:29:50 PM
#7
NFT is super hyped and after Amitabh Bachchan and the news that Rajnikant will also enter it will become viral. What I like about it is that, these superstars are promoting cryptocurrency indirectly. Another aspect of NFT that in my opinion is it will help many new and upcoming graphic designers. Only if they are able to come up with some unique creation. What I dislike is that only celebrities are cashing out. Not all graphic designers are making enough money.

In my point of view a common man who is a good on canvas such as a wallboard painter cannot earn through NFT. He will still struggle to make his or her ends meet.

What do you guys think?
NFT will become too valuable in the future, but its value will come not from the Art-based NFTs but from the NFTs which aim at creating games and subsequently metaverses. These celebs' NFTs are just money-earning tricks created by these celebs and people would soon realize this and will not put their money in them unless they are into collecting Antiques and raribles. Metaverses aim at creating digital identities for everyone, when a person would want to become part of that metaverse, buying NFTs would be made mandatory and that will drive the major part of the growth of the NFTs, graphic design NFTs are way out of trend now and were just overhyped.

I am still trying to understand how then these graphic designers who have listed their work on a marketplace like opensea are still making money if art is no more hyped. Check out the listing once and look into the amount they are charging for something which I do not think is valuable. I also read somewhere maybe within the forum that a lot of people are into NFT because they want to convert their black money to white. Is that true?
Yes, true many people are using it to convert their money from black to white. Also, the worst part about graphic-based NFTs are their value is primarily derived from the past sales price of that NFT. I read an example on Linkedin posted by someone, let's say, I have 100 ETH in 3 different accounts, and I was a graphic designer create an NFT and buy that NFT for 20 ETH using my own address I just paid some gas fees that's it, but now I have 99.9 ETH and an NFT worth 20ETH now I do this once again using 30ETH and therefore showing a price history of sales, using this hype I can easily sell an NFT whose recent sale was of 30ETH at a price of 10 ETH, which means I made 110 ETH out of thin air 
As usual, people have already started exploiting the loopholes. This is in general common practice in the art industry the value of an existing painting or art is derived from its old price. But, what you have told me is a scam and people are falling for it. The problem in crypto industry is that most are new and most never do any kind of research before investing.
Absolutely true, people in this industry first see the first movers becoming rich and then they think getting rich is too easy they just have to replicate what that person did but until then it's too late and these people fall prey to these foolish tactics created by smart people to earn from their investments. Secondly, finding loopholes has always been a habit of folks, especially when it comes to converting black money to white money. I feel this circle would go on continuously just a few people out of the foolish ones become smart each year rest all of them are butchered by the whales for earning money.
hero member
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November 14, 2021, 02:15:12 AM
#6
NFT is super hyped and after Amitabh Bachchan and the news that Rajnikant will also enter it will become viral. What I like about it is that, these superstars are promoting cryptocurrency indirectly. Another aspect of NFT that in my opinion is it will help many new and upcoming graphic designers. Only if they are able to come up with some unique creation. What I dislike is that only celebrities are cashing out. Not all graphic designers are making enough money.

In my point of view a common man who is a good on canvas such as a wallboard painter cannot earn through NFT. He will still struggle to make his or her ends meet.

What do you guys think?
NFT will become too valuable in the future, but its value will come not from the Art-based NFTs but from the NFTs which aim at creating games and subsequently metaverses. These celebs' NFTs are just money-earning tricks created by these celebs and people would soon realize this and will not put their money in them unless they are into collecting Antiques and raribles. Metaverses aim at creating digital identities for everyone, when a person would want to become part of that metaverse, buying NFTs would be made mandatory and that will drive the major part of the growth of the NFTs, graphic design NFTs are way out of trend now and were just overhyped.

I am still trying to understand how then these graphic designers who have listed their work on a marketplace like opensea are still making money if art is no more hyped. Check out the listing once and look into the amount they are charging for something which I do not think is valuable. I also read somewhere maybe within the forum that a lot of people are into NFT because they want to convert their black money to white. Is that true?
Yes, true many people are using it to convert their money from black to white. Also, the worst part about graphic-based NFTs are their value is primarily derived from the past sales price of that NFT. I read an example on Linkedin posted by someone, let's say, I have 100 ETH in 3 different accounts, and I was a graphic designer create an NFT and buy that NFT for 20 ETH using my own address I just paid some gas fees that's it, but now I have 99.9 ETH and an NFT worth 20ETH now I do this once again using 30ETH and therefore showing a price history of sales, using this hype I can easily sell an NFT whose recent sale was of 30ETH at a price of 10 ETH, which means I made 110 ETH out of thin air 
As usual, people have already started exploiting the loopholes. This is in general common practice in the art industry the value of an existing painting or art is derived from its old price. But, what you have told me is a scam and people are falling for it. The problem in crypto industry is that most are new and most never do any kind of research before investing.
hero member
Activity: 2100
Merit: 618
November 13, 2021, 03:29:16 PM
#5
NFT is super hyped and after Amitabh Bachchan and the news that Rajnikant will also enter it will become viral. What I like about it is that, these superstars are promoting cryptocurrency indirectly. Another aspect of NFT that in my opinion is it will help many new and upcoming graphic designers. Only if they are able to come up with some unique creation. What I dislike is that only celebrities are cashing out. Not all graphic designers are making enough money.

In my point of view a common man who is a good on canvas such as a wallboard painter cannot earn through NFT. He will still struggle to make his or her ends meet.

What do you guys think?
NFT will become too valuable in the future, but its value will come not from the Art-based NFTs but from the NFTs which aim at creating games and subsequently metaverses. These celebs' NFTs are just money-earning tricks created by these celebs and people would soon realize this and will not put their money in them unless they are into collecting Antiques and raribles. Metaverses aim at creating digital identities for everyone, when a person would want to become part of that metaverse, buying NFTs would be made mandatory and that will drive the major part of the growth of the NFTs, graphic design NFTs are way out of trend now and were just overhyped.

I am still trying to understand how then these graphic designers who have listed their work on a marketplace like opensea are still making money if art is no more hyped. Check out the listing once and look into the amount they are charging for something which I do not think is valuable. I also read somewhere maybe within the forum that a lot of people are into NFT because they want to convert their black money to white. Is that true?
Yes, true many people are using it to convert their money from black to white. Also, the worst part about graphic-based NFTs are their value is primarily derived from the past sales price of that NFT. I read an example on Linkedin posted by someone, let's say, I have 100 ETH in 3 different accounts, and I was a graphic designer create an NFT and buy that NFT for 20 ETH using my own address I just paid some gas fees that's it, but now I have 99.9 ETH and an NFT worth 20ETH now I do this once again using 30ETH and therefore showing a price history of sales, using this hype I can easily sell an NFT whose recent sale was of 30ETH at a price of 10 ETH, which means I made 110 ETH out of thin air 
legendary
Activity: 1876
Merit: 1157
November 13, 2021, 12:51:38 PM
#4
NFTs are, like everything else technology related, not really for the poor guy.

Though it does give the skilled and kind enthusiasts to use it as a way of getting some of these poor guys some actual profits by sending out their work in the form of NFTs and creating a market for them. Much like what National Geographic documentaries used to do for tourism destinations and subsequently for the economies of those places.

So people may not be able to help themselves with NFT, we can help them with that given enough time and desire.

I have bought a few NFTs but there is such a proliferation of them that nothing stays valuable for long enough. Its always the few that command a premium while the rest of the volumes and profits are grabbed by flippers.
hero member
Activity: 2100
Merit: 771
Top Crypto Casino
November 12, 2021, 06:47:38 PM
#3
NFT is super hyped and after Amitabh Bachchan and the news that Rajnikant will also enter it will become viral. What I like about it is that, these superstars are promoting cryptocurrency indirectly. Another aspect of NFT that in my opinion is it will help many new and upcoming graphic designers. Only if they are able to come up with some unique creation. What I dislike is that only celebrities are cashing out. Not all graphic designers are making enough money.

In my point of view a common man who is a good on canvas such as a wallboard painter cannot earn through NFT. He will still struggle to make his or her ends meet.

What do you guys think?
NFT will become too valuable in the future, but its value will come not from the Art-based NFTs but from the NFTs which aim at creating games and subsequently metaverses. These celebs' NFTs are just money-earning tricks created by these celebs and people would soon realize this and will not put their money in them unless they are into collecting Antiques and raribles. Metaverses aim at creating digital identities for everyone, when a person would want to become part of that metaverse, buying NFTs would be made mandatory and that will drive the major part of the growth of the NFTs, graphic design NFTs are way out of trend now and were just overhyped.

I am still trying to understand how then these graphic designers who have listed their work on a marketplace like opensea are still making money if art is no more hyped. Check out the listing once and look into the amount they are charging for something which I do not think is valuable. I also read somewhere maybe within the forum that a lot of people are into NFT because they want to convert their black money to white. Is that true?
hero member
Activity: 2100
Merit: 618
November 12, 2021, 03:12:00 PM
#2
NFT is super hyped and after Amitabh Bachchan and the news that Rajnikant will also enter it will become viral. What I like about it is that, these superstars are promoting cryptocurrency indirectly. Another aspect of NFT that in my opinion is it will help many new and upcoming graphic designers. Only if they are able to come up with some unique creation. What I dislike is that only celebrities are cashing out. Not all graphic designers are making enough money.

In my point of view a common man who is a good on canvas such as a wallboard painter cannot earn through NFT. He will still struggle to make his or her ends meet.

What do you guys think?
NFT will become too valuable in the future, but its value will come not from the Art-based NFTs but from the NFTs which aim at creating games and subsequently metaverses. These celebs' NFTs are just money-earning tricks created by these celebs and people would soon realize this and will not put their money in them unless they are into collecting Antiques and raribles. Metaverses aim at creating digital identities for everyone, when a person would want to become part of that metaverse, buying NFTs would be made mandatory and that will drive the major part of the growth of the NFTs, graphic design NFTs are way out of trend now and were just overhyped.
hero member
Activity: 2100
Merit: 771
Top Crypto Casino
November 12, 2021, 09:07:33 AM
#1
NFT is super hyped and after Amitabh Bachchan and the news that Rajnikant will also enter it will become viral. What I like about it is that, these superstars are promoting cryptocurrency indirectly. Another aspect of NFT that in my opinion is it will help many new and upcoming graphic designers. Only if they are able to come up with some unique creation. What I dislike is that only celebrities are cashing out. Not all graphic designers are making enough money.

In my point of view a common man who is a good on canvas such as a wallboard painter cannot earn through NFT. He will still struggle to make his or her ends meet.

What do you guys think?
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