Topic: Is NFT's hype over? - page 5. (Read 2173 times)
I am not really sure about NFT arts and collections. But NFTs to be used in the gaming industry will continue and it will be the future either play to earn or not. Play-to-earn games with their NFTs are already showing some success although there is still a need for further studies in order to have longevity. Axie Infinity for example should have a fully decentralized blockchain and stop creating more coins when in reality their reward coins are already in an oversupply situation. Developers will play very crucial roles as greedy ones will only destroy their economy. Once destroyed it will be very hard to bounce back as players and investors will avoid it already and will look for new ones.
NFTs were never meant to be hyped and that is not the purpose why it's created The only reason why NFT was hyped last year was because of those arts and collectibles that are being sold at a ridiculuous price. Many people thought that it is a get rich quick scheme until bear season happened.
it doesn't matter if that hype will return or not. What I believe is that it will grow more in the future once more companies adopt to the web3 technology. Like in game industry, some popular game copanies are slowly transistioning to web3 technology that they are adding some blockchain aspects to their game where gamers can benefit from playing.
I agree with this. Nft's are different from a meme coin which is a real one that is hyped because meme coins are all the same, they don't have any special use case but nft's has an art, music, games and so much more. If we think about it, arts in real life are also expensive so why not arts in nft's? But of course, we are only talking about those legit arts and not those png/jpeg pictures that looks like they are only grabbed on the internet.it doesn't matter if that hype will return or not. What I believe is that it will grow more in the future once more companies adopt to the web3 technology. Like in game industry, some popular game copanies are slowly transistioning to web3 technology that they are adding some blockchain aspects to their game where gamers can benefit from playing.
What we are paying here is the effort of the artist. If you want the technology to grow more then you should choose for the hype to come back as this helps attract people to get involved on it but those who are ignorant and are anti nft's will choose for the hype to not come back.
NFt hype down so much now but still some NFt has high price in market. Solona and Ethereum NFt are best so far while other Blockchain still working on that. Coinmarketcap also start issuing NFt for collected diamond. I think we may see big hype in future if it's used for Ticket and autograph etc.
maybe yes beacuse of the bear market? but there are some nft is still profitable ithink ? but mosetly is nft is over ithink it will be profitable soon if the market will be bull run again . we need patience again before the nft will be profitable again
Still a lot of artist continuously creating NFT. So, I think the NFT hype is not over yet. It is just temporary because of market condition that's why the demand for it suddenly decreasing. Also NFT's are lack of usecase and only those people who love arts and understand it will patronize such NFT arts.
The hype is too fast for NFT so many people just follow the trend and don't realize it goes by so fast, when the market is still bearish everyone panics and tries to forget it,
but the problem is that Investors are getting smarter and realizing that all NFT trades are difficult to ascertain if they are legit. There is no transparent information about buyers, NFT prices can be easily manipulated or change hands,
so it will be hard to come back
but the problem is that Investors are getting smarter and realizing that all NFT trades are difficult to ascertain if they are legit. There is no transparent information about buyers, NFT prices can be easily manipulated or change hands,
so it will be hard to come back
I don't believe that NFT hype is coming to an end yet, it's just getting started and bigger companies are seeing NFT as attractive way to expand, Nike and many shoes companies just joined NFT so it's just the beginning for me, the problem with NFT is the lack of usability. Most of them NFTs makes no sense.
it's still possible that certain NFTs don't seem to work well and it seems too unreasonable, but there are still others that haven't been worked on properly. So I think you are right, my friend, that the NFT sensation will not end soon, in fact there are still many popping up who are introducing themselves, are just running and it seems that there is already a separate segment that is waiting for it. so stay confident that NFT will continue to grow and will have a very potential market in the future.
Many projects with new ideas and aspirations have appeared on the market. This brings us to the key question is our favorite NFT already hype or a flop? And is it time for a new, more meaningful and exciting venture?
There are a myriad of ways that NFT investors can choose from today. There are some projects that have been mentioned above there may still be others that look very natural from my point of view. We Can Wait and We Will Wait, but not too long, in this life you have to act.
There are a myriad of ways that NFT investors can choose from today. There are some projects that have been mentioned above there may still be others that look very natural from my point of view. We Can Wait and We Will Wait, but not too long, in this life you have to act.
I don't believe that NFT hype is coming to an end yet, it's just getting started and bigger companies are seeing NFT as attractive way to expand, Nike and many shoes companies just joined NFT so it's just the beginning for me, the problem with NFT is the lack of usability. Most of them NFTs makes no sense.
For some time now, I have been having a collection of different NFTs, not stopping though. I can't imagine what will be worth each one in years to come. Any lover of artwork in crypto would always love to have an NFT. Every NFT has its unique concept of drawing, just come up with yours(idea) and get it market on opensea
About the hype of NFTs, I don't see it ending soon NFTs because hundreds are being sold and drawn each passing day.
About the hype of NFTs, I don't see it ending soon NFTs because hundreds are being sold and drawn each passing day.
In your mind every project enter in market for the gain of money, some NFTs are bought by owners form other wallets to build hype the market trend reduces volume I can't find anything else that lowers the volume unlike a token or coin nft is illiquid people choose to save their assets rather than trade for illiquid nft i've checked multipe nft on many platforms and the price floor remains the same with fewer actions once the market turns bullish nft trading will increase this loss of interest may only last for a short time as businesses and institutions start to use nfts.
I already posted this on WO a few days ago. Let me post it again here.
Here is the interesting update of NFT Market!
Here is the interesting update of NFT Market!
Quote
The biggest project in NFT markets is on the verge of a massive collapse. Bored ape yacht club (BAYC) and Mutant Ape yacht club, the two most expensive NFTs and many other NFTs are in danger. In April 2022, the floor price of BAYC was 138 Eth, mean ($450,000+). There's a protocol named Bendao. It's a smart contract that gives out loans against your NFT. They will give a 40% loan instantly based on the floor price of the NFT. So in April, many people took this opportunity to take loans by submitting their BAYC nft. They got 68 eths instantly. The problem is they never paid back their ETH. Right now, the floor price of BAYC came down to 69eth. Soon It will start liquidating itself on auction, causing the nft market to collapse pretty badly.
Once Bill gates said as a joke, "I am pretty sure, some picture of monkeys is surely gonna make our future better".
Source: Facebook Private GroupOnce Bill gates said as a joke, "I am pretty sure, some picture of monkeys is surely gonna make our future better".
NFT as we know it, especially the majority of the gaming ones turned out to be scams. I am not calling out all the NFTs projects scams but stylishly what I'm saying is the fact that 90% of all the p2e that has ever come into existence came back to be a total scam and anyone investing on p2e is taking a high risk.
Don't be frustrated in the bearish market, because this is normal, because the bearish market keeps the market healthy,
yes, maybe we can call it a correction,
and if many traders and investors say that NFT is over, then the answer is no, because it is.
This is the effect of a bear market, look, not only NFT coins are down, but all altcoins are down
yes, maybe we can call it a correction,
and if many traders and investors say that NFT is over, then the answer is no, because it is.
This is the effect of a bear market, look, not only NFT coins are down, but all altcoins are down
the NFT hype has died down. but I see the consistency of NFT is maintained. Recently more and more artists and artists have entered the NFT world more and more. and NFT for games has become increasingly popular and has become commonplace among gamers. so I think NFT will stay consistent with the current situation and will be more widely used from now onwards. but I don't see NFT as an investment. NFT is only good for collectibles and hobbies.
Have you looked around the market for any coins or projects that are being hyped? It's no surprise that the NFT is down and there's no hype as we're in the midst of a cold crypto winter. There is no evidence to confirm that the hype is over, we should wait a little longer when the bear season is over and will NFT come back? The hype will only come during the bull season.
Don't worry, NFT hype isn't over yet, it's just that NFT is still very low in demand,
because there are so many NFTs in freefall up to -90%, of course this is what makes traders or investors afraid to buy them now,
because the market is very bearish, I myself am still monitoring NFT from Ape at a cheap price
because there are so many NFTs in freefall up to -90%, of course this is what makes traders or investors afraid to buy them now,
because the market is very bearish, I myself am still monitoring NFT from Ape at a cheap price
You've said it yourself. The NFT hype is far from over. But I'd have to admit demand is very low especially during this long-lasting bear market. Several companies (eg: Disney, Coca-Cola, Pringles, etc.) have joined the NFT craze, so it should only be a matter of time before mainstream adoption skyrockets like crazy. While most NFTs are pure garbage, there are some that are quite worth the investment. You'd just have to do your own research in order to pick the good NFTs from the bad ones. There's a lot of money invested into this emerging industry, so it's unlikely it'll disappear soon. Just my opinion
NFTs were never meant to be hyped and that is not the purpose why it's created The only reason why NFT was hyped last year was because of those arts and collectibles that are being sold at a ridiculuous price. Many people thought that it is a get rich quick scheme until bear season happened.
it doesn't matter if that hype will return or not. What I believe is that it will grow more in the future once more companies adopt to the web3 technology. Like in game industry, some popular game copanies are slowly transistioning to web3 technology that they are adding some blockchain aspects to their game where gamers can benefit from playing.
it doesn't matter if that hype will return or not. What I believe is that it will grow more in the future once more companies adopt to the web3 technology. Like in game industry, some popular game copanies are slowly transistioning to web3 technology that they are adding some blockchain aspects to their game where gamers can benefit from playing.
I think NFT hype is not over yet, the market is still bearish and many token is affected by this bearish season, and i think if btc recover the hype of the nft tokens will surely back. So lets just wait and have more patience because in crypto holders always get a big profit.
I was always surprised when they wrote in the news that they sold an nft with a trash can for several thousand dollars, and there are a lot of such pictures, now there is no such increased demand for NFT, the era has passed...perhaps because of the bull market.
The NFT hype is way over, like spoiled milk. Investors start to smart up and realize all the NFT trade is hard to confirm if it was legit. No transparent information about the buyers, the price for NFTs can be easily manipulated or changed hands among their circle for pushing some agenda (tax evasion, shill an artist, free press,...).
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