Is this the end for NFTs? | Bitcointalksearch.org

wxa7115

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Quote from: fuguebtc on June 26, 2022, 05:42:16 AM

Quote from: shinratensei_ on June 25, 2022, 06:56:50 PM

I guess the trend kinda dies down already but remember that the memecoin trend back then was also having such massive correction and then gets revived after the bullrun coming.
This could very much happened to NFT in general in the future, since NFT seems it could revive itself if the bullrun comes.
Though this doesn't necessarily a good thing if NFT in general like NFT arts are like a game of greater fool where anyone investing in NFT art think someone else gonna buy their useless art for higher value.

Observing the market currently, we can't confirm anything since memes, NFT, and top altcoins are also experiencing a big drop, we can't say that potential altcoins won't go away and recover at a later point.
In my opinion, we should wait a little longer and things will be clear soon, although NFTs like memes don't have any standout utility, they are very good tools for hype. The total capitalization of the NFT market is more than 12 billion USD and this is not a small number so it is not entirely accurate to say that NFT will die.

We have seen this many times before, a type of coin gets hyped to death and people invest in those type of coins like there is no tomorrow, but one day the hype ends and all of those coins begin to crash to never recover.

There are too many examples of this and I think this is something that is going to happen to NFTs, does this mean that they will disappear completely? No, but they will never regain the popularity they reached and the money moving in those coins will decrease dramatically.

slaman29

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Quote from: Reatim on June 26, 2022, 02:28:43 AM

Quote from: slaman29 on June 19, 2022, 09:34:17 AM

I was just saying that not all shillers want to make their project big, as I said it's just to show others that they're not afraid like the rest of the market.

Like the LUNA problem. People weren't shilling because they wanted Luna to grow, they knew it was going to die. But they wanted people to think they were going to hold forever, and so new people would buy it more, and then they could exit at a higher price.

Trust me, anyone posting good or best words are 100% shilling. Real users, like Bitcoin and Ethereum, they actually can be critical of themselves. I criticize Bitcoin like all the time.

Well good argument mate, and indeed that there are even someone who looks like shilling but the reality is they are a=only expressing their complete trust to that project and even if he losses? who would care as it is his funds and caring for nothing if if he lose everything.
so yeah this is a complete understanding mate.

That is kinda the definition of shilling though,,, expressing your complete trust to a scam knowing that you will lose (if you don't win your gamble and get out in time). You aren't shilling if you actually believe in something but show me one single shiller who actually just loves his project and actually uses it. Every single shiller "loves" more than one project, sees profit in it, and doesn't even use it.

They are the scum of the planet man, people who just hype coins/products and don't even use it.

fuguebtc

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Quote from: shinratensei_ on June 25, 2022, 06:56:50 PM

I guess the trend kinda dies down already but remember that the memecoin trend back then was also having such massive correction and then gets revived after the bullrun coming.
This could very much happened to NFT in general in the future, since NFT seems it could revive itself if the bullrun comes.
Though this doesn't necessarily a good thing if NFT in general like NFT arts are like a game of greater fool where anyone investing in NFT art think someone else gonna buy their useless art for higher value.

Observing the market currently, we can't confirm anything since memes, NFT, and top altcoins are also experiencing a big drop, we can't say that potential altcoins won't go away and recover at a later point.
In my opinion, we should wait a little longer and things will be clear soon, although NFTs like memes don't have any standout utility, they are very good tools for hype. The total capitalization of the NFT market is more than 12 billion USD and this is not a small number so it is not entirely accurate to say that NFT will die.

Reatim

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Quote from: slaman29 on June 19, 2022, 09:34:17 AM

Quote from: Reatim on June 19, 2022, 01:33:06 AM

Quote from: slaman29 on June 13, 2022, 04:04:05 AM

Not everyone is trying to shill to blow up a project though. Just like ICO days and right now, there are going to be SO many people becoming bagholders with a lot of life savings just tied up and down 80% or more.

So they're going to try and project an image of confidence to get even more people to buy to protect the slide.

People will be people, all looking for quick gains and it's so tempting now in this bear market.

There are maybe not that many but at least Shillers will keep shilling just to Boost their projects or their Holding coins in which for me ? a not so good attitude , because you can only post good or best words for the project you deeply understand and Know , not just because you are holding it or at least bought those coins in presale.

I was just saying that not all shillers want to make their project big, as I said it's just to show others that they're not afraid like the rest of the market.

Like the LUNA problem. People weren't shilling because they wanted Luna to grow, they knew it was going to die. But they wanted people to think they were going to hold forever, and so new people would buy it more, and then they could exit at a higher price.

Trust me, anyone posting good or best words are 100% shilling. Real users, like Bitcoin and Ethereum, they actually can be critical of themselves. I criticize Bitcoin like all the time.

Well good argument mate, and indeed that there are even someone who looks like shilling but the reality is they are a=only expressing their complete trust to that project and even if he losses? who would care as it is his funds and caring for nothing if if he lose everything.
so yeah this is a complete understanding mate.

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Quote from: minhtra on June 09, 2022, 11:11:12 AM

NFT was the talk of 2021. Now if we look at floor prices for all popular collections https://www.coingecko.com/en/nft other than BAYC there is nothing that performs well.
Cryptopunks are down big. Same for azuki, moonbird, coolcats. Collectors are now looking for good fundamentals, but how can NFT give it? Discuss?

But NFT is still progressing nowadays? though there are so many bad experience from investors specially those who risked in NFT gaming yet there are still NFT that making its way up , and not to mention those NFT gambling that is booming now , so maybe lets give this at least a year or 3? and lets see what this can bring to all of its supporter though the capitalizations of each are really indeed lowered more than what it has in 2021 and early 2022.

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I guess the trend kinda dies down already but remember that the memecoin trend back then was also having such massive correction and then gets revived after the bullrun coming.
This could very much happened to NFT in general in the future, since NFT seems it could revive itself if the bullrun comes.
Though this doesn't necessarily a good thing if NFT in general like NFT arts are like a game of greater fool where anyone investing in NFT art think someone else gonna buy their useless art for higher value.

fullhdpixel

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Quote from: virasisog on June 24, 2022, 12:19:10 PM

NFTs still have a bright future ahead in the crypto world. There are just lots of NFT projects that failed due to mismanagement. The market isn't in good shape so the NFTs can't reach a good status because they don't have a strong resistance to the bear market yet. If good developers will manage to handle potential NFT projects well, I'm sure that lots of NFTs will boom in the future.

I think it wasn't about mismanagement, I think they were managed very well for what they were designed for. I have seen and even talked and interviewed a lot of NFT project creators, and all they are after is making money. Sure they have tx fee, which means that if those NFT's go higher and gets sold, they will make a ton of profit, hence they would prefer if the project goes big.

But, the main goal of 80%+ of the NFT projects in the past year has been making a profit for the creator and nothing else. They would "prefer" if investors made profit too, but that is the second priority, the first is always making a profit for the creator. As long as that is the destination they want to reach, that project will never take off, and will never be a success at all.

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Time to go NFT shopping!!

CapGelatik

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there are still many utilities of NFT that are still underdeveloped, and off the radar, of course this is a good thing,
because we already know that NFT is still not developing very fast, and will develop even more in the future,
of course its value will also be developing, so don't worry about the future NFT technology, which will definitely Boom! Grin

virasisog

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NFTs still have a bright future ahead in the crypto world. There are just lots of NFT projects that failed due to mismanagement. The market isn't in good shape so the NFTs can't reach a good status because they don't have a strong resistance to the bear market yet. If good developers will manage to handle potential NFT projects well, I'm sure that lots of NFTs will boom in the future.

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Quote from: peter0425 on June 23, 2022, 03:19:23 AM

Quote from: koang on June 22, 2022, 06:30:15 AM

~ ~ ~ ~

This is the problem in Airdrops when we really dont know what to come and what to happen , I only love one thing in this in which where you get the timing and the needed to increase your momentum in getting the prize .

also interested in this one and maybe I will love watching this to take my chances .

Yeah, I know, but the team said they are not leaving the community empty-handed.
they will be sharing more details soon on the upcoming airdrop.
Genie is the NFT marketplace aggregator that has saved millions of users in gas fees. Keep watching
And I hope USDC is going to tank when people start dumping their airdrops. Just kidding...

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Quote from: minhtra on June 09, 2022, 11:11:12 AM

NFT was the talk of 2021. Now if we look at floor prices for all popular collections https://www.coingecko.com/en/nft other than BAYC there is nothing that performs well.
Cryptopunks are down big. Same for azuki, moonbird, coolcats. Collectors are now looking for good fundamentals, but how can NFT give it? Discuss?

There are still hopes for the NFT but not this year , Like Pancake swapping and Meme coins , things are change badly this 2022 and there are so much to expect from changing to increasing .
so take a look deeply for the projects we are going to paid for or else you will lose what you are looking for.
remember that NFT make a insignificant increase in the last year so best to check it out in the last season .

Iyeman

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It could be that most of these NFT are just showing their true valuation after all the former valuation was just all overly inflated valuation due to the massive trend of NFTs and right now they finally shows their true value.
I doubt these NFTs could ever retain their ATH ever again. After all it seems the trend of NFT has truly fading into the void.
At best, maybe in the next bullish run they could somehow brings their value to another level but definitely lesser than their ATH.

peter0425

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Quote from: koang on June 22, 2022, 06:30:15 AM

Quote from: $anounimus$ on June 22, 2022, 05:03:19 AM

Quote from: minhtra on June 09, 2022, 11:11:12 AM

Collectors are now looking for good fundamentals, but how can NFT give it? Discuss?

It looks like an exchange platform Uniswap wants to make an NFT marketplace so people who use Uniswap can buy NFT right away there https://twitter.com/Uniswap/status/1539306960553656320 I think this will be the latest news and the NFT world will be more exciting and for those who work as graphic designers or have design skills, the heyday of NFT is starting soon so start seriously learning NFT from now on.

An interesting move, I will be definitely watching this one closely.

Even though a bearish season is underway in the Crypto market, there is always a chance to make a profit if you know the best way to do it

Damn, I am not eligible to receive USDC Airdrop. I have used it only once Sad

This is the problem in Airdrops when we really dont know what to come and what to happen , I only love one thing in this in which where you get the timing and the needed to increase your momentum in getting the prize .

also interested in this one and maybe I will love watching this to take my chances .

South Park

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Quote from: Natalim on June 21, 2022, 06:35:33 PM

Quote from: Tellek Garing on June 21, 2022, 12:31:17 PM

Quote from: minhtra on June 09, 2022, 11:11:12 AM

NFT was the talk of 2021. Now if we look at floor prices for all popular collections https://www.coingecko.com/en/nft other than BAYC there is nothing that performs well.
Cryptopunks are down big. Same for azuki, moonbird, coolcats. Collectors are now looking for good fundamentals, but how can NFT give it? Discuss?

The reason why we have serious bull run in 2021 was partly because of NFT projects. Some of them especially the popular one on coinmarketcap.com has give huge returns to investors. It is not going to die but know that this is how things work in crypto space. A lot of manipulation is going on and the weak hands are losing seriously. The whales are buying them at this discounted price to sell again for the desperate one at the top.

NFT and metaverses have been so hot last year but never does it say they are the reason for such Bullrun, they just contributed some of it. But now, these two (NFT and Metaverses) have been cold already, in fact, just only a few people talk about them and I'm not sure if these people are buying them or not.

Well, maybe you are right that they will die but sadly just to see that they were very close to that. Investors have never seen any assurance from them, they are shitcoins, and that's why they have been ignored by now.

If they want to survive they will need to change substantially in order to recover the trust from investors, during the previous bull run icos were the ones that were at the center of the attention of the market, however due to the huge number of scams they lost the trust from the community and they eventually evolved to ieos which also got a lot of attention back then, however now any coin which is nothing more but an ico has a lot of problems to raise any capital, so we may see something similar in the NFT market.

koang

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Quote from: $anounimus$ on June 22, 2022, 05:03:19 AM

Quote from: minhtra on June 09, 2022, 11:11:12 AM

Collectors are now looking for good fundamentals, but how can NFT give it? Discuss?

It looks like an exchange platform Uniswap wants to make an NFT marketplace so people who use Uniswap can buy NFT right away there https://twitter.com/Uniswap/status/1539306960553656320 I think this will be the latest news and the NFT world will be more exciting and for those who work as graphic designers or have design skills, the heyday of NFT is starting soon so start seriously learning NFT from now on.

An interesting move, I will be definitely watching this one closely.

Even though a bearish season is underway in the Crypto market, there is always a chance to make a profit if you know the best way to do it

Damn, I am not eligible to receive USDC Airdrop. I have used it only once Sad

$anounimus$

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Quote from: minhtra on June 09, 2022, 11:11:12 AM

Collectors are now looking for good fundamentals, but how can NFT give it? Discuss?

It looks like an exchange platform Uniswap wants to make an NFT marketplace so people who use Uniswap can buy NFT right away there https://twitter.com/Uniswap/status/1539306960553656320 I think this will be the latest news and the NFT world will be more exciting and for those who work as graphic designers or have design skills, the heyday of NFT is starting soon so start seriously learning NFT from now on.

Natalim

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Quote from: Tellek Garing on June 21, 2022, 12:31:17 PM

Quote from: minhtra on June 09, 2022, 11:11:12 AM

NFT was the talk of 2021. Now if we look at floor prices for all popular collections https://www.coingecko.com/en/nft other than BAYC there is nothing that performs well.
Cryptopunks are down big. Same for azuki, moonbird, coolcats. Collectors are now looking for good fundamentals, but how can NFT give it? Discuss?

The reason why we have serious bull run in 2021 was partly because of NFT projects. Some of them especially the popular one on coinmarketcap.com has give huge returns to investors. It is not going to die but know that this is how things work in crypto space. A lot of manipulation is going on and the weak hands are losing seriously. The whales are buying them at this discounted price to sell again for the desperate one at the top.

NFT and metaverses have been so hot last year but never does it say they are the reason for such Bullrun, they just contributed some of it. But now, these two (NFT and Metaverses) have been cold already, in fact, just only a few people talk about them and I'm not sure if these people are buying them or not.

Well, maybe you are right that they will die but sadly just to see that they were very close to that. Investors have never seen any assurance from them, they are shitcoins, and that's why they have been ignored by now.

Tellek Garing

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Quote from: minhtra on June 09, 2022, 11:11:12 AM

NFT was the talk of 2021. Now if we look at floor prices for all popular collections https://www.coingecko.com/en/nft other than BAYC there is nothing that performs well.
Cryptopunks are down big. Same for azuki, moonbird, coolcats. Collectors are now looking for good fundamentals, but how can NFT give it? Discuss?

The reason why we have serious bull run in 2021 was partly because of NFT projects. Some of them especially the popular one on coinmarketcap.com has give huge returns to investors. It is not going to die but know that this is how things work in crypto space. A lot of manipulation is going on and the weak hands are losing seriously. The whales are buying them at this discounted price to sell again for the desperate one at the top.

andyou1234

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Quote from: FrozenBit on June 20, 2022, 03:35:08 AM

Projects related to the NFT trend are gradually cooling down. As the hype becomes more visible about them, less money is injected into them. I don't think there's a problem with their potential; it's just that overusing the term to chase after pump/dump causes the mess to be created. I think now there will be a lot of things related to this industry that are gradually being discarded because of the purpose they were built for. When the overall situation of the market is not good, it is difficult for these trends to work. strong action.

yes, you are right that currently the development of NFT is very slow, where crypto users are reluctant to adopt projects from NFT due to the weakening of investor confidence to inject their funds into the project, but I think that is a natural thing considering the crypto market is currently in a bearish period of course people will consider the project they will invest in, in my view NFT can still develop in the future because NFT is a form of new ideas from creative people in the crypto world.

Topic: Is this the end for NFTs? (Read 560 times)