slowly they are now starting to fade but indeed this is based on the current market decline which indirectly makes NFT also experience a slight decline in hype and this makes them dim.
But maybe there is a glimmer of hope there depending on how they are going to be, whether there are big investors who will bring them back up or not because if they don't, I think they will be forgotten more and more and it's just a matter of time.
Topic: Is NFT's hype over? - page 12. (Read 2212 times)
It's too early to define the failure of this segment.
And why the failure? I was talking about the end of the hype, not failure. I'm not saying that NFT is a failure, but it was heavily littered with spam when everyone wanted to make easy money from the industry. Remember DeFi hype. In the beginning there also were a lot of meaningless tokens which only had the goal to make money from the HYIP. Now that the hype has passed, there are projects that have some real product instead of empty promises.
I think something similar will happen with NFT and only quality products will appear in this industry now.
NFTs becomes so stagnant this year to be honest especially those trending projects because of some sort of situation what they are facing after making so much hype in the space, wherein, that lead them to such situation and reason many people are scared to ride in until now because of some doubts.
So for me this isn't surprising.. And surely most of them will become alive again when they burn and minting because surely investors will take that opportunity as well since such event can help to have a good improvement in the project.
The stagnancy wasn't just in the NFT world though, it was in everywhere and that mainly caused the situation which I can totally understand. Imagine a situation where everyone would be making insane returns from the NFT world when the bitcoin price was stable, how would that look? That would be pretty unlikely wouldn't it? That is why I understand the situation and that is why I think that NFT prices staying put is not that weird, or even going down.So for me this isn't surprising.. And surely most of them will become alive again when they burn and minting because surely investors will take that opportunity as well since such event can help to have a good improvement in the project.
The bull period we had recently when the price moved from 38k levels to 48k levels was actually quite good for NFT as well, even though I dislike the way it is used, I get it and that is why I am sure that people hyped that as well.
Judging by the latest news, I noticed that the interest of NFT industry leaves a double impression. On the one hand in the same March there was a drop in interest in NFT from retail traders and those interested in this direction of the crypto industry.
This is also reflected in the drop in trading volumes on OpenSea and a decrease in the number of searches on Google. That is, according to these factors we can conclude that the NFT haip is coming to an end. But on the other hand in March venture capital investments were mostly in the NFT projects.
What do you think, the NFT HYIP is over or the interest in investments in the NFT projects is due to the fact that now the market began to appear to a greater extent, high-quality projects, but not a mountain of spam, when NFT created everyone who is not lazy?
This is also reflected in the drop in trading volumes on OpenSea and a decrease in the number of searches on Google. That is, according to these factors we can conclude that the NFT haip is coming to an end. But on the other hand in March venture capital investments were mostly in the NFT projects.
What do you think, the NFT HYIP is over or the interest in investments in the NFT projects is due to the fact that now the market began to appear to a greater extent, high-quality projects, but not a mountain of spam, when NFT created everyone who is not lazy?
This trend is over i think. Crypto need other trend to attract more investors
That's true the craze of NFTs between crypto community is getting less from the last couple of months because these days mostly people are preferring to invest their money in coins like Bitcoin, Ethereum and BNB etc. because in terms of utility these coins have much potentials compare to NFTs although I don't think the trend of NFTs will be over because there is a specific group of people in crypto industry who likes and encourage NFT projects.
i dont think so, maybe crypto investors attention to NFT project decline but it due market condition. trading NFT card especially have no utility i game for meanwhile shifted to to major coins or stable coins like usdt or busd. but for nft gaming , i am believe its demand still moreover alot nft gaming price decline and be good opportunity to buy them and used in game to earn gaming token.There are actually nft with almost no utility but still valuable because they are backed by rich individuals. Owners of those nft can just resell their nft to a much higher price but it's still better to invest on the nft with utilities because you can use them for any other things like in gaming, which is pretty cool. Nft hypes are still there but I think they are not lively as before. It's a good thing I believe? this could mean that people are now shifting from the classic cryptos.
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When ICO has been the hype, there are many projects coming still even though the hype is over.
When DeFi has been the hype, even though the hype is over there are still DeFi projects that are still being created.
I think it is the same with NFT's. The hype might be over but still there are some NFT projects or games or arts that will be created out of nowhere. The hype is over and those projects that are still intact right now are the ones that will be there in the future. Maybe I agree with some as well that the market condition affects NFT as well because investors will think twice if they will invest or not. The hype might be over but NFT's will always be there and many will be created in the future still.
When DeFi has been the hype, even though the hype is over there are still DeFi projects that are still being created.
I think it is the same with NFT's. The hype might be over but still there are some NFT projects or games or arts that will be created out of nowhere. The hype is over and those projects that are still intact right now are the ones that will be there in the future. Maybe I agree with some as well that the market condition affects NFT as well because investors will think twice if they will invest or not. The hype might be over but NFT's will always be there and many will be created in the future still.
Maybe the hype is fading now that we no longer have a lot of crap with crazy values. By 2022, the interest of many other industries in NFT has also increased significantly. I would really expect more large conglomerates to enter the NFT market, not less experienced teams creating new products. low quality products published on the market.
I think the NFT hype isn't as strong as it used to be but it is still there but because investors already learning about the many failures of NFT projects in terms of value preservation, many of them are hesitant to invest more into this category. I wouldn't say the hype is over but I can say the majority of the excitement quite died down.
NFTs becomes so stagnant this year to be honest especially those trending projects because of some sort of situation what they are facing after making so much hype in the space, wherein, that lead them to such situation and reason many people are scared to ride in until now because of some doubts.
So for me this isn't surprising.. And surely most of them will become alive again when they burn and minting because surely investors will take that opportunity as well since such event can help to have a good improvement in the project.
So for me this isn't surprising.. And surely most of them will become alive again when they burn and minting because surely investors will take that opportunity as well since such event can help to have a good improvement in the project.
NFTs will never be over, Hype and Fomo will continue to run, moreover NFT and Metaverse are part of one body and one utility,
2022 is still early to talk about when this technology is finished, this is just the beginning mate!,
we will see amazing Fomo and Hype it's going to be awesome, don't miss out on buying NFT or Metaverse coins this year
2022 is still early to talk about when this technology is finished, this is just the beginning mate!,
we will see amazing Fomo and Hype it's going to be awesome, don't miss out on buying NFT or Metaverse coins this year
When something new comes the old one tends to be forgotten. New altcoins, Metaverse, unstoppable creation of meme coins, Web3.
IMO, the hype is still there but due to the different kinds of cryptocurrencies/projects that are being offered, it stretches the money and lowers the amount being input into the old hype.
I have NFT's stashed but they are basically useless, that fact should also be considered when buying this type of investment. It's not like the painting of known personalities that grow in value for years, some bought NFT might be worthless in the long run.
IMO, the hype is still there but due to the different kinds of cryptocurrencies/projects that are being offered, it stretches the money and lowers the amount being input into the old hype.
I have NFT's stashed but they are basically useless, that fact should also be considered when buying this type of investment. It's not like the painting of known personalities that grow in value for years, some bought NFT might be worthless in the long run.
I've heard a lot of hype about NFT before, but honestly, looking at the value and meaning, I just laugh at things like that. Now that more people are aware of this field, they will not waste money on useless products, which shows that it is getting better and better, but the claim of hype has come to an end. Not exactly because there are still new entrants and they are still stuck with the hyped trends.
Figures maybe slowing down but I do not think NFT is dying. It is just the start. Too many NFT games failed to establish a solid economy including Axie Infinity. But there will be more developments as developers will learn a lot from these early NFT failures. Even right now, there are still so many NFT games coming up and I am confident that some of them comes up with better economy structures that is long lasting and sustaining. Even Axie Infinity dubbed as the bitcoin of NFT can also bounce back strong considering they have billion/s of dollars in their pocket to further enhance the game.
the hype is over. nft is no longer profitable. Many are selling at a loss rather than making a profit. only the NFT creators make a profit, the first, second and so on are selling below the price when they bought them. that is why NFT trading volume is slowly decreasing. another reason is because there are already many nft markets now, different from the years before when opensea monopolized the nft marketplace. and people are also getting tired of collecting nft, they know that the future of nft is not very good and not for long term investment.
I would say that one of indicators that NFT trend is ending are transaction fees. Ethereum fees has been relatively low for quite a time, I can say even months. Fees reduction indicated users interest decrease in swapping, now it is decreasing as fewer people create, mint, transfer, traded NFTs.
The other great indicators are bounties and ANN topics. During DEX trend, we had tens of new topics every week. With NFT trend, everyone wanted to release their own NFT marketplace and NFT. Now everyone are P2E or metaverse oriented. I would say that at summer, it would be a rarity to find a NFT related topic on first pages here.
The other great indicators are bounties and ANN topics. During DEX trend, we had tens of new topics every week. With NFT trend, everyone wanted to release their own NFT marketplace and NFT. Now everyone are P2E or metaverse oriented. I would say that at summer, it would be a rarity to find a NFT related topic on first pages here.
Statistics determine the behavior of NFT trading declining both from the volume of Opensea and the interaction from searches on Google, we know that each hype will end in a certain duration depending on the interest of the community, but I am not sure that the NFT hype will end so quickly and can recover in the next few months .
What do you think, the NFT HYIP is over or the interest in investments in the NFT projects is due to the fact that now the market began to appear to a greater extent, high-quality projects, but not a mountain of spam, when NFT created everyone who is not lazy?
I do not think so. it's just data from opensea, but try to combine the volumes of all currently existing NFT marketplaces from different networks. I'm sure the results will be different. trading volume on opensea is decreasing, one of which is because many NFT marketplaces have been released and even large exchanges like binance also have NFT trading services. so the trading volume is eventually split, the impact for opensea is that their volume is decreasing. that's why I'm sure the NFT hype is still there, because NFT is a growing industry. This industry has an interconnected ecosystem.
I'm not sure if the NFT trend is over because if we look at the current market conditions where the price of BTC has also decreased, maybe this makes NFT look like it's in a state of waiting. Those NFT projects may still be running but will not provide updates pending the following market situation. But if the NFT trend ends soon, we will see a new trend coming up, and maybe it will still relate to NFT and Metaverse.
NFTs hype are distracted by the market condition, but many are still coming that are willing to buy NFTs, its not that hyped anymore but there still a demand. If the NFTs project fails to attract new investors, then this might be the start of being over with NFTs. If you have some, better to continue monitoring so you can sell in time.
Yeah right, the NFT market is still kicking especially the NFT games where they developed some kind of MMORPG style games to adopt the current hype of the gaming industry as well. A few days ago I saw a game that they offer free to play but the items you gather and farm inside of it have some real value. Now they need is to make it popular and keep updating it for the players to enjoy the game, not just some random click games where you can earn money and disappear after they get all they want from their players.
Judging by the latest news, I noticed that the interest of NFT industry leaves a double impression. On the one hand in the same March there was a drop in interest in NFT from retail traders and those interested in this direction of the crypto industry.
We've seen a huge drop in NFT as metaverses projects come to rise stronger. The growth of Metaverse has a huge impact on the NFT's market trend. We usually could assume this was a sign of the end of hype. But I think this was not enough to draw a conclusion that these projects become devaluated in the market, however, if the declining sentiment continues for a while, that will be the time we can finally judge what they looked like in the days coming. Let's see how they perform this 2nd quarter if their popularity and demand haven't changed or there is a huge drop occurs.
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