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

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.

bitterguy28

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Quote from: virasisog on June 24, 2022, 11:19:10 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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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.

koang

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Quote from: peter0425 on June 23, 2022, 02:19:23 AM

Quote from: koang on June 22, 2022, 05:30:15 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...

rodskee

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Quote from: koang on June 22, 2022, 05:30:15 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: $anounimus$ on June 22, 2022, 04:03:19 AM

Quote from: Natalim on June 21, 2022, 05:35:33 PM

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: Tellek Garing on June 21, 2022, 11:31:17 AM

Quote from: $anounimus$ on June 22, 2022, 04:03:19 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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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: Tellek Garing on June 21, 2022, 11:31:17 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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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: FrozenBit on June 20, 2022, 02:35:08 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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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.

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Quote from: FrozenBit on June 20, 2022, 02:35:08 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.

When it comes to this market hype can be incredibly strong and make a particular sector of the market incredibly popular, but just as hype can help the creators of those coins it can also hinder them.

NFTs seemed like a novel idea which could see some decent use in the future, but as scammers took advantage of them the enthusiasm that people had on those coins is slowly disappearing, to the point many people that were interested in those projects before do not care at all about them, as the losses they have suffered are enormous and they refuse to lose even more money because of those coins.

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Quote from: Kadal Ijo on June 19, 2022, 10:00:25 AM

It must be admitted that the NFT market continues to decline, many NFT projects fail and become scams so as to make investors more afraid to invest in NFT, but I think NFT is still promising, the most important thing is to find projects that can last for the long term, and always monitor price movements and the community of the project.

I would guess that NFT and scams were a thing even before today and this month and all of the price drops that happened. However, we need to also accept the fact that bitcoin and all others went low as well, creating a new NFT art and trying to sell that during one of the harshest markets in the last few years, means that it is logical for them to not get sold or finding investors.

I would still be able to find some people, just do a collection for 10 bucks each on mint price, and if you do 10k that means you will make 100k and that is simple enough. Spend about 10-20k to build it, and then sell it for 10 bucks and you will get it, depends on the art idea of course. So, it is not about NFT failing, it is about projects not adjusting to the new market direction.

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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.

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Quote from: Kadal Ijo on June 19, 2022, 10:00:25 AM

It must be admitted that the NFT market continues to decline, many NFT projects fail and become scams so as to make investors more afraid to invest in NFT, but I think NFT is still promising, the most important thing is to find projects that can last for the long term, and always monitor price movements and the community of the project.

For now, it is still very difficult to know which NFT projects will be promising, because under current conditions everyone has also seen some examples of unpromising NFT projects so that some people can draw conclusions about this where NFT projects do not have strong resilience when bear market continues. Unlike many other cryptocurrencies that already have a very strong foundation.

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Quote from: Desscount on June 19, 2022, 09:43:34 AM

it's hard to say that this is the end of NFT, because NFT has just started, the utility of NFT has also been running only in 2021,
when Play To Earn and Metaverse are Trending, then NFT is also Trending, because Bitcoin price is also bearish this year,
of course this is dragging NFTs coins starting to fall, but this is not the end, so don't worry

Yep, the NFT trend is not as hot as it used to be compared to now but NFT will still be here, NFT will still have its own niche in the crypto space.
The market is shaken and some crypto investors rekt, I can't see into the future but I believe the next big thing will happen.
After the rain comes sunshine

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Quote from: Oilacris on June 18, 2022, 02:07:19 PM

Quote from: hyudien on June 18, 2022, 01:58:55 PM

Quote from: WeedGoW on June 18, 2022, 01:54:39 PM

From your point, NFT buyers can be two kind of people:
Real people want to buy the thing because of greed, thought they could sell it back to other at higher price.
Fake people exist to create a fake demand for NFT, to lure in real people so they can sell their overpriced, worthless NFT.
Truly, the worse kind of scheme exists to pump and dump their stuff since exchange at least provides a form of liquidation and real trade volume if that exchange is reputation enough. This is not the same for NFT cause they value it on the rare, only 1 of the kind bullcrap.

But in fact, we see that is no longer applicable in the market. In other words, NFT will only confuse you to resell it. At least set the lowest price because your purchases have dropped and anyone would avoid such NFT schemes. Nothing looks promising other than the NFT that the artists have. And our role is difficult to reach sales promotion even when the Hype is peaking.

One of the most common mistake of someone is to believe that they could make easy money with just those simple artworks and styles and that's why we've been flooded by hundred thousands of it and turns out that this is something which isn't that worth anymore when it comes on making it as an investment or for long term holds.They do know that they could potentially make money if ever it gets hyped or there sudden interest of the art but as expected on where trends do really have an endline or being over which means never make yourself comfortable on everything you do encounter as an investor.

Yes, exactly. They said it was one of the kind, ultra-rare stuff but the next day, many new NFTs floor the market with a similar style or theme. If they said NTFs worth depends on the artist's name then what they buy and sell is just a form of signature trading made by a person. That's lame and stupid.

paramind22

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I never saw much real art in NFT's. Most of it looked like cheap cartoons. I almost had a minor in art history and have been around galleries and talk of painting all my life.

I didn't see any conceptual artists on the level of Bauhaus, the Surrealists, Dadaists, Futurists, etc.

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It must be admitted that the NFT market continues to decline, many NFT projects fail and become scams so as to make investors more afraid to invest in NFT, but I think NFT is still promising, the most important thing is to find projects that can last for the long term, and always monitor price movements and the community of the project.

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it's hard to say that this is the end of NFT, because NFT has just started, the utility of NFT has also been running only in 2021,
when Play To Earn and Metaverse are Trending, then NFT is also Trending, because Bitcoin price is also bearish this year,
of course this is dragging NFTs coins starting to fall, but this is not the end, so don't worry

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Quote from: Reatim on June 19, 2022, 12:33:06 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.

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I don't think so and this is not the end of NFT, to be more precise now the situation is bearish and very reasonable with its declining condition and performance, and hearing from several people NFT will also go up when the market enters into a Bullrun state, not only that but there will be many companies large will go into the NFT.

bussybuddy

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According to the OP, that was the reason for the end of the NFT.
I honestly see the point as just the end of the hype about its capabilities in reality. I admit that NFT has brought something new to this market and let more people see the possibilities that it can bring more. Instead of creating limited products and treating them as a tool to run a monetization system, I don't see many projects that make a difference. Some projects have had some success in this sector, but in general we see a throwaway of shoddy work.

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Quote from: Reatim on June 12, 2022, 06:16:58 AM

Hate to say it but no, it's not the end. Some idiots bought back their stolen Apes, so clearly they will still be ready to pour money into NFTs.

I did say for an entire year the bubble will burst and it already probably has, but we've got to understand ICOs never really went away, they just revived under different modus and different names.

Same shit's happening or will happen for NFTs.

Yes mate, Until there are some investors that wanted to shill for any projects that they wanted to blow up? then there will still movement like this so NFT will still progress this year and the next.

But hope that people now will be aware for what to come , because the chance of being Loser is there more than winning if you invest in legit and working currencies .

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.

Ararbermas

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@Op stop basing on what's the current situation of NFTs nowadays because obviously we are still in bearish mode, where in mostly crypto in the market are influenced by bitcoin including those have big market cap, so don't be surprised!

And it's impossible to end like this because it still in demand and as long as there's a lot of people and investors supporting NFTs, surely it will last compared to other projects in the market.

Psynthax

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It seems so, the trend has finally faded, I'm sure in the future NFT arts just gonna be valued significantly lower than the current value or even its former value.
The thing that's left I guess is an NFT games, where they have real utilities, unlike the NFT arts that was having zero utilities.
Instead, NFT maybe will be used for more mainstream things like document authentication and the likes, since NFT gonna shine in that regards, the NFT arts on the other hand, just gonna become a small thing I guess.

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Quote from: barbara44 on June 17, 2022, 10:22:36 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?

This isnt the end at all. The nfts are just starting and this is a set back just for them for the time being. Eth is killing them so far and they need to be a little stable more. With the whole market falling down its normal that the nft prices are falling was aswell. Once market goes up nfts will go up aswell

sana54210

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We haven't seen too much physical world got into NFT have we? I mean I am %99 sure that there must be plenty of shirt companies that already ripped of the designs of big NFT collections and printed all of them, specially the most rare and expensive ones. But that doesn't change the fact that we do not see plenty of people wearing them everywhere. I go out, and see zero NFT's in real life, in shirts, in billboards, in logos, in nothing basically.

It means that the "ownership" of NFT so far has been only "buy it or mint it early, and then sell it when it goes up" and not really nothing else. When people start to "use" it, then we may see it go back up.

That is going to take a while before it could happen. Not saying that it would never happen, but the idea of NFT is basically something digital, so having a physical corresponding to it makes a bit of sense but not too much. This means that we would have to just wait for it to eventually happen. Like for example you could make 10 thousand NFT's in a collection, and also have tshirts for it as well.

Projects that make their NFT's like 500+ dollars, could afford one shirt, each of them have different design of course, and could ship it to anywhere in the world. I guess MAX it could ever cost would be 100$ each shirt, and I doubt it would even that much. Project would still be in profit. Don't know what happens when you sell the NFT and keep the shirt though. Maybe a promotional thing for people who mint, and not just own the NFT and buy from someone who minted it.

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Quote from: hyudien on June 18, 2022, 01:58:55 PM

Quote from: WeedGoW on June 18, 2022, 01:54:39 PM

From your point, NFT buyers can be two kind of people:
Real people want to buy the thing because of greed, thought they could sell it back to other at higher price.
Fake people exist to create a fake demand for NFT, to lure in real people so they can sell their overpriced, worthless NFT.
Truly, the worse kind of scheme exists to pump and dump their stuff since exchange at least provides a form of liquidation and real trade volume if that exchange is reputation enough. This is not the same for NFT cause they value it on the rare, only 1 of the kind bullcrap.

But in fact, we see that is no longer applicable in the market. In other words, NFT will only confuse you to resell it. At least set the lowest price because your purchases have dropped and anyone would avoid such NFT schemes. Nothing looks promising other than the NFT that the artists have. And our role is difficult to reach sales promotion even when the Hype is peaking.

One of the most common mistake of someone is to believe that they could make easy money with just those simple artworks and styles and that's why we've been flooded by hundred thousands of it and turns out that this is something which isn't that worth anymore when it comes on making it as an investment or for long term holds.They do know that they could potentially make money if ever it gets hyped or there sudden interest of the art but as expected on where trends do really have an endline or being over which means never make yourself comfortable on everything you do encounter as an investor.

hyudien

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Quote from: WeedGoW on June 18, 2022, 01:54:39 PM

From your point, NFT buyers can be two kind of people:
Real people want to buy the thing because of greed, thought they could sell it back to other at higher price.
Fake people exist to create a fake demand for NFT, to lure in real people so they can sell their overpriced, worthless NFT.
Truly, the worse kind of scheme exists to pump and dump their stuff since exchange at least provides a form of liquidation and real trade volume if that exchange is reputation enough. This is not the same for NFT cause they value it on the rare, only 1 of the kind bullcrap.

But in fact, we see that is no longer applicable in the market. In other words, NFT will only confuse you to resell it. At least set the lowest price because your purchases have dropped and anyone would avoid such NFT schemes. Nothing looks promising other than the NFT that the artists have. And our role is difficult to reach sales promotion even when the Hype is peaking.

WeedGoW

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Quote from: hyudien on June 16, 2022, 01:17:34 PM

Quote from: 0verseer on June 16, 2022, 12:01:13 PM

Quote from: lienfaye on June 16, 2022, 04:22:09 AM

We are in bearish market, NFTs are not alone being affected in this season. Its not yet over for these projects but lets face the fact that the hype in NFTs were not the same as before. Those who have utilities can survive, otherwise it will be hard to recover. Just like the past hype (ICO for example) the popularity will fade and another trend will replace them. Some investors also prefer to take risk and ride on the current hype to earn quick. Thus its not surprising if NFTs are not what it used to be at this point.

NFT has become something even hated by the crypto community, not just normal people. There is no point in NFT anymore when everyone just wants to sell their NFT to the higher bid. All the cool and rare stuff NFT were just empty promises to hype up the gullible people to dump it. I think this is better so we don't have a ticking bomb that bubbles up the crypto, making situation worse in the future.

Imagine the last NFT buyer and no one else wants to buy it, or the NFT hype is over and has no value in the market. The difference with crypto maybe we can get money back by selling it on the market. Even with the lower return price, at least we can still sell it on the stock exchange. While NFT does not necessarily guarantee to sell the final ownership. Therefore, judging by the benefits, NFT is just a pile of junk from the last, unlucky buyer.

From your point, NFT buyers can be two kind of people:
Real people want to buy the thing because of greed, thought they could sell it back to other at higher price.
Fake people exist to create a fake demand for NFT, to lure in real people so they can sell their overpriced, worthless NFT.
Truly, the worse kind of scheme exists to pump and dump their stuff since exchange at least provides a form of liquidation and real trade volume if that exchange is reputation enough. This is not the same for NFT cause they value it on the rare, only 1 of the kind bullcrap.

sulendra12

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Quote from: 2tang on June 17, 2022, 04:09:06 AM

Same for azuki, moonbird, coolcats. Collectors are now looking for good fundamentals, but how can NFT give it? Discuss?

The technology behind NFT is incredible yet the current execution for that technology for now is somewhat terrible and the collectors are not that interested anymore because they will get heavily baited and get nothing from their own assets. People are hating NFTs because of how people misinterpreting NFTs and make NFTs are some stupid shit for them and that also makes this trend of NFTs are no longer exist.

someone703

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Quote from: someone703 on June 17, 2022, 04:02:42 AM

In the current context, I think the developers are having a good time with the money they have made during this trend boom period. And now there won't be much incentive for parties to get involved in what has happened. Let's wait and see next time new forms are created and people are drawn back. As for the NFT and the evidence the OP gives about it, is the relevance of that conclusion true? I see the general situation, but such a statement is just the way we imagine it.

I never imagined that now because the current situation is not good, especially the market so that developers may prefer to stay silent rather than create new products that cost a lot of money, because cryptocurrency enthusiasts are starting to get a little restless with the decline never ending price.

I don't know if I've seen the hype about this field all the time, but projects are created that I like to call the industrialization of products. They pack quickly to order, then link up with self-made investment funds and ask KOLS to spread them to manipulate the product and pour newcomers into this market. The earnings are not small. And we acknowledge the fact here that the NFT sector is way too overhyped in terms of possibilities compared to the reality it creates. I can also imagine that if the overall state of the market is good, they will be difficult revealed such facts.

barbara44

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We haven't seen too much physical world got into NFT have we? I mean I am %99 sure that there must be plenty of shirt companies that already ripped of the designs of big NFT collections and printed all of them, specially the most rare and expensive ones. But that doesn't change the fact that we do not see plenty of people wearing them everywhere. I go out, and see zero NFT's in real life, in shirts, in billboards, in logos, in nothing basically.

It means that the "ownership" of NFT so far has been only "buy it or mint it early, and then sell it when it goes up" and not really nothing else. When people start to "use" it, then we may see it go back up.

2tang

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Quote from: someone703 on June 17, 2022, 04:02:42 AM

In the current context, I think the developers are having a good time with the money they have made during this trend boom period. And now there won't be much incentive for parties to get involved in what has happened. Let's wait and see next time new forms are created and people are drawn back. As for the NFT and the evidence the OP gives about it, is the relevance of that conclusion true? I see the general situation, but such a statement is just the way we imagine it.

I never imagined that now because the current situation is not good, especially the market so that developers may prefer to stay silent rather than create new products that cost a lot of money, because cryptocurrency enthusiasts are starting to get a little restless with the decline never ending price.

someone703

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In the current context, I think the developers are having a good time with the money they have made during this trend boom period. And now there won't be much incentive for parties to get involved in what has happened. Let's wait and see next time new forms are created and people are drawn back. As for the NFT and the evidence the OP gives about it, is the relevance of that conclusion true? I see the general situation, but such a statement is just the way we imagine it.

hyudien

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Quote from: 0verseer on June 16, 2022, 12:01:13 PM

Quote from: lienfaye on June 16, 2022, 04:22:09 AM

We are in bearish market, NFTs are not alone being affected in this season. Its not yet over for these projects but lets face the fact that the hype in NFTs were not the same as before. Those who have utilities can survive, otherwise it will be hard to recover. Just like the past hype (ICO for example) the popularity will fade and another trend will replace them. Some investors also prefer to take risk and ride on the current hype to earn quick. Thus its not surprising if NFTs are not what it used to be at this point.

NFT has become something even hated by the crypto community, not just normal people. There is no point in NFT anymore when everyone just wants to sell their NFT to the higher bid. All the cool and rare stuff NFT were just empty promises to hype up the gullible people to dump it. I think this is better so we don't have a ticking bomb that bubbles up the crypto, making situation worse in the future.

Imagine the last NFT buyer and no one else wants to buy it, or the NFT hype is over and has no value in the market. The difference with crypto maybe we can get money back by selling it on the market. Even with the lower return price, at least we can still sell it on the stock exchange. While NFT does not necessarily guarantee to sell the final ownership. Therefore, judging by the benefits, NFT is just a pile of junk from the last, unlucky buyer.

RockCryptoWorld

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It's the beginning of WEB 3 world!
Point Network is a overwhelming project, the tech part of it simply a WOW!
https://pointnetwork.io/
Point Network decentralizes everything, becoming the first ever full web3 implementation. See for yourself and enjoy the web3 experience!

0verseer

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Quote from: lienfaye on June 16, 2022, 04:22:09 AM

We are in bearish market, NFTs are not alone being affected in this season. Its not yet over for these projects but lets face the fact that the hype in NFTs were not the same as before. Those who have utilities can survive, otherwise it will be hard to recover. Just like the past hype (ICO for example) the popularity will fade and another trend will replace them. Some investors also prefer to take risk and ride on the current hype to earn quick. Thus its not surprising if NFTs are not what it used to be at this point.

NFT has become something even hated by the crypto community, not just normal people. There is no point in NFT anymore when everyone just wants to sell their NFT to the higher bid. All the cool and rare stuff NFT were just empty promises to hype up the gullible people to dump it. I think this is better so we don't have a ticking bomb that bubbles up the crypto, making situation worse in the future.

ven7net

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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?

I think the point is not in the NFTs themselves, but in the problems that have arisen in the world and in the market. I believe that now many investors, including those who have invested in NFT collections, are looking for a way to save their funds or even get into cash. This has always been the case when the markets go down. As for the NFT industry itself, I think it will continue to develop and, as you rightly noted, this requires new, more interesting ideas. For me personally, it would be better if NFTs were more tied to real assets or even businesses, goods and services, then probably NFTs could surprise many in the market and attract more attention from investors.

lienfaye

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Quote from: Lagduf on June 15, 2022, 09:02:50 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?

We are in bearish market, NFTs are not alone being affected in this season. Its not yet over for these projects but lets face the fact that the hype in NFTs were not the same as before. Those who have utilities can survive, otherwise it will be hard to recover. Just like the past hype (ICO for example) the popularity will fade and another trend will replace them. Some investors also prefer to take risk and ride on the current hype to earn quick. Thus its not surprising if NFTs are not what it used to be at this point.

traderethereum

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It's not the end for NFT but NFT will be not so noisy like what it was a few months ago before bitcoin dumped so hard like this time. The price for for bored ape yacht NFT was falling so hard. This is telling us if NFT is also facing the same problem like another field when the bearish trend was coming. NFT will always still exist. I remember a few years ago when so many people called that defi will be dead but it's still exist till this time and so what's the differences?

We don't know what NFT will be like in the future because I don't think the NFT trend is over and it looks like it will continue.
Maybe the NFT trend has started to fade but that's also what happened in the crypto market so NFT is also going down.
Although there will be a new trend in the future that tries to replace NFT, it looks like NFT will continue to exist because its potential has not been explored further.
But for now, it's better to invest in bitcoin than NFT because we don't know what will happen with NFT.

adaseb

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Right now I would say it’s not a great time to invest in one. Price can tank a lot depending how the future holds. Obviously many coins and tokens and crypto projects are suffering right now. Besides ETH and BTC everything is risky to buy right now.

When the market recovers will there be a NFT market? I think so. However I don’t think it will be as big as before where celebrities were talking about it left or right. Most likely there will be some other type of hype out there.

RockCryptoWorld

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NFTs is a never-ending story!
DEFI and web3 are the directions we all should choose now
Point Network does a great job by bringing decentralized future to our world
https://pointnetwork.io/

yhiaali3

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Not quite, I think that there is still a lot of good future ahead of NFT, it is not possible to judge well now on NFT because the market is generally bearish and this leads to a complete decline in crypto, including NFT of course, but given the strength that NFT has, I expect that it will last for a long time if Good regulation has been put in place for it and the chaos that has occurred due to lack of strict controls has been eliminated. There are many important services that NFT can provide in the future, so I expect great growth in the future.

wxa7115

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Quote from: tygeade on June 14, 2022, 05:41:22 AM

Quote from: tygeade on June 14, 2022, 05:41:22 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.

Unfortunately that is the truth in all of the hyped projects in crypto. It could be like ICO, or DeFi, or whatever, they are all overhyped and that is why we are seeing it go down like this. However, if you invest into solid foundations and good fundamentals then you could make a profit, and that is how everyone should approach it. Like bitcoin is the king right?

So, when you invest into shiba for a token, or cryptopunks or ape whatever for nft, then you need to realize that it will not be as long lasting as bitcoin and you will be quite upset about it. It's fine, you can make mistakes and it's fine, but you need to just realize you made a mistake and never repeat it hopefully.

We have seen this movie over and over again in this market with all kind of coins, so for people like us this is nothing new, which is why we are not very likely to fall victims of the hype being generated around a great deal of coins.

However this is something that those which are entering the market for the first time have yet to understand, which is why they get seduced by those projects and then when the hype disappears they suffer the crash of the market, and only then they begin to look for answers about what happened, and that is when they realize how much they deceived themselves and the fact there is no chance at all for them to recover their money.

Lagduf

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It's not the end for NFT but NFT will be not so noisy like what it was a few months ago before bitcoin dumped so hard like this time. The price for for bored ape yacht NFT was falling so hard. This is telling us if NFT is also facing the same problem like another field when the bearish trend was coming. NFT will always still exist. I remember a few years ago when so many people called that defi will be dead but it's still exist till this time and so what's the differences?

slaman29

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Quote from: examplens on June 14, 2022, 01:42:42 PM

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

Unfortunately that is the truth in all of the hyped projects in crypto. It could be like ICO, or DeFi, or whatever, they are all overhyped and that is why we are seeing it go down like this. However, if you invest into solid foundations and good fundamentals then you could make a profit, and that is how everyone should approach it. Like bitcoin is the king right?

So, when you invest into shiba for a token, or cryptopunks or ape whatever for nft, then you need to realize that it will not be as long lasting as bitcoin and you will be quite upset about it. It's fine, you can make mistakes and it's fine, but you need to just realize you made a mistake and never repeat it hopefully.

Bitcoin indeed is the king. Hold and use, because utility is what powers it right through the bear markets. Shitcoins/ICO etc I made my mistakes going for great ideas and POTENTIAL which is such a bad word for me now.

Utility is the only thing that matters. If people aren't using it, it's really not worth your time. NFTs and everything else are fads, no utility, just pure all out speculation.

btc78

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it all reminds me of 2017. Then we had a big ICO hype, and there were some great announcements, and opportunities but then everything broke down in a very short period of time. most of them have never recovered.
Now it seems to me that NFTs and various DeFi are going the same way. someone who made a good profit might now try to buy cheap, but that is only the way to a pure loss.

Yeah , its been 5 years now when ICO boomed, there are many who made really good money on those projects , but more are losers , Even me had been a victim of scam ICO when i was new here and I blame nothing but myself as i become greedy those days.

Now here is NFT and DEFI in which at 2021 really brings insignificant profit to others but also losses to many ,

But what can this be in the following years? is something people must be aware of.

bittick

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The trend is giving very big impact to the NFT hype. People care about their money because we are in a very difficult situation. You must also aware if the hype will not be last forever. I think that this may not become the end for the NFT but it need years for NFT to wake up agian from the bottom.
Bitcoin is making anyone scared to deal with the NFT project anymore. It cna be seen from the gradual decrease that happened with majority of NFT projects in the crypto market since this was a new experiment in the blockchain.

el kaka22

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I am able to recall those times, it was definitely a weird period and I still cannot believe that we are not that far from it, just using other stuff for it. I understand that it is not going to be exactly the same, but all of these NFT and whatever comes next, started from the era of ICO because that was the first time people started to pay other people to create projects, that changed everything.

Nowadays it is normal, but before ICO that was a weird thing because we had decentralization. Today, it is such a normal thing to give your money to others just so they would create some new projects and that makes absolutely zero sense to me overall but got practiced to what is the trends of this crypto space for both knowledge and for making profits.

examplens

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it all reminds me of 2017. Then we had a big ICO hype, and there were some great announcements, and opportunities but then everything broke down in a very short period of time. most of them have never recovered.
Now it seems to me that NFTs and various DeFi are going the same way. someone who made a good profit might now try to buy cheap, but that is only the way to a pure loss.

tygeade

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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.

Unfortunately that is the truth in all of the hyped projects in crypto. It could be like ICO, or DeFi, or whatever, they are all overhyped and that is why we are seeing it go down like this. However, if you invest into solid foundations and good fundamentals then you could make a profit, and that is how everyone should approach it. Like bitcoin is the king right?

So, when you invest into shiba for a token, or cryptopunks or ape whatever for nft, then you need to realize that it will not be as long lasting as bitcoin and you will be quite upset about it. It's fine, you can make mistakes and it's fine, but you need to just realize you made a mistake and never repeat it hopefully.

South Park

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Quote from: Cling18 on June 12, 2022, 10:37:44 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?

This was a disaster in the making for a long time, investors were putting their money in NFTs as if they were as good as bitcoin, and that is simply not the case, NFTs must never be held for the long term and at best you can speculate with them, however it can be argued that even that is not a good thing, since it is impossible to know the fair price of NFTs when their market is always going through a massive amount of manipulation, so I am not surprised that with the current drop we are experiencing things are not looking good for them.

GreatArkansas

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Quote from: Reatim on June 12, 2022, 06:16:58 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?

It's not over for NFTs yet, in fact, they're still in the beginning phase. It's just that the market is in a bearish season and even top coins are affected. There are still lots of NFT supporters and investors who are waiting for the market to recover. The whole market isn't in good status so NFTs couldn't strike well. Let's just see how they would recover or boom when the situation gets better.

It was just the wrong timing this time. If you take look at how much the cryptocurrency market lost a few days ago, it's too much, most of the projects that are cryptocurrency-related are losing too much.
So for me, even how quality our project is, NFT or non-NFT, you must suffer because of the market is dumping. This is how the bear market works.

slaman29

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Hate to say it but no, it's not the end. Some idiots bought back their stolen Apes, so clearly they will still be ready to pour money into NFTs.

I did say for an entire year the bubble will burst and it already probably has, but we've got to understand ICOs never really went away, they just revived under different modus and different names.

Same shit's happening or will happen for NFTs.

Yes mate, Until there are some investors that wanted to shill for any projects that they wanted to blow up? then there will still movement like this so NFT will still progress this year and the next.

But hope that people now will be aware for what to come , because the chance of being Loser is there more than winning if you invest in legit and working currencies .

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.

Cling18

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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?

It's not over for NFTs yet, in fact, they're still in the beginning phase. It's just that the market is in a bearish season and even top coins are affected. There are still lots of NFT supporters and investors who are waiting for the market to recover. The whole market isn't in good status so NFTs couldn't strike well. Let's just see how they would recover or boom when the situation gets better.

SirLancelot

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Quote from: Reatim on June 12, 2022, 06:16:58 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?

Now this is what we are talking about the longevity of these so called nft's. If only those nft investors believe on us that nft's are only there for the hypes they wouldn't lose like what they are experiencing now but their heads are just hard so they deserve it. They should learn their lessons by now and won't rush to invest on the new stuffs that they see next time.

On the other hand, bayc nft's are so strong even before and they won't easily died down because they are backed by billionaires, add in that they released their own native coin called recently called ape coin. That is one of the reasons why they need to support the project to make it stay relevant on the game.

Wawa2013

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Hate to say it but no, it's not the end. Some idiots bought back their stolen Apes, so clearly they will still be ready to pour money into NFTs.

I did say for an entire year the bubble will burst and it already probably has, but we've got to understand ICOs never really went away, they just revived under different modus and different names.

Same shit's happening or will happen for NFTs.

Yes mate, Until there are some investors that wanted to shill for any projects that they wanted to blow up? then there will still movement like this so NFT will still progress this year and the next.

But hope that people now will be aware for what to come , because the chance of being Loser is there more than winning if you invest in legit and working currencies .

As long as there are supporters, NFT will always be there and survive, so NFT isn't over yet and maybe the hype will return in the near future.
Moreover, NFT is a relatively new trend in the crypto world, so before there was a replacement trend, NFT was still in demand. What is certain is
that we must be careful if the NFT hype returns, don't let us become FOMO and invest in the wrong projects. In the crypto world everything is risky,
so always do your research and analysis before making a decision, so that we do not choose the wrong projects for investment. We should not
be easily influenced by others, because sometimes other people promote projects just for their own sake. So make sure we make decisions based on
the results of our own research and analysis, because only we know what is best for ourselves.

Reatim

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Eloncoin.org - Mars, here we come!

Quote from: lornadane on June 12, 2022, 01:06:19 AM

Hate to say it but no, it's not the end. Some idiots bought back their stolen Apes, so clearly they will still be ready to pour money into NFTs.

I did say for an entire year the bubble will burst and it already probably has, but we've got to understand ICOs never really went away, they just revived under different modus and different names.

Same shit's happening or will happen for NFTs.

Yes mate, Until there are some investors that wanted to shill for any projects that they wanted to blow up? then there will still movement like this so NFT will still progress this year and the next.

But hope that people now will be aware for what to come , because the chance of being Loser is there more than winning if you invest in legit and working currencies .

wmaurik

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Activity: 2058

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Yes I don't think it's easy for NFT to leave the crypto market because as long as there are fans and lovers of NFT games of course NFT is still being hoped for and certainly still alive and we also can't predict when NFT will end, which is definitely not in the near future.

NFT will end if there is a new concept that is almost the same as it in the crypto space and of course it can be better than the current NFT because the progress of NFT cannot be separated from game lovers and also the connoisseurs of the benefits that can be obtained through NFT so as to make NFT a little bit more advanced at the moment, but after a lot of downturn in the crypto market, I don't see any updates on NFT for now.

slaman29

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Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

Hate to say it but no, it's not the end. Some idiots bought back their stolen Apes, so clearly they will still be ready to pour money into NFTs.

I did say for an entire year the bubble will burst and it already probably has, but we've got to understand ICOs never really went away, they just revived under different modus and different names.

Same shit's happening or will happen for NFTs.

btc78

full member

Activity: 2520

Merit: 214

Eloncoin.org - Mars, here we come!

Quote from: crzy on June 11, 2022, 05:00:11 PM

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?

NFT trend is not here anymore and I don't think it will come back like what 2021 does again because People starts distrusting NFT and looking for new trend that will bring them easy money because projects like those?
and as what most of them are turns BS in the end? I'm sure many of this kind will pop up in the future .
I will stick to my strategy and that is buying only coins that saves my funds and time and those are the ranking currencies .

lornadane

full member

Activity: 529

Merit: 101

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?

NFT is still on their peak hype, though maybe you see their price down just because of the market situation but sooner or later they will rise again and those who bought at a cheaper price can able to earn more. If you see those good NFTs at a cheaper price, better to grab some since NFT is not done yet and they still have a lot of things to offer. I believe, NFT can still last longer here and most probably they will not die at all.

Yes I don't think it's easy for NFT to leave the crypto market because as long as there are fans and lovers of NFT games of course NFT is still being hoped for and certainly still alive and we also can't predict when NFT will end, which is definitely not in the near future.

crzy

full member

Activity: 2128

Merit: 180

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?

NFT is still on their peak hype, though maybe you see their price down just because of the market situation but sooner or later they will rise again and those who bought at a cheaper price can able to earn more. If you see those good NFTs at a cheaper price, better to grab some since NFT is not done yet and they still have a lot of things to offer. I believe, NFT can still last longer here and most probably they will not die at all.

Johnyz

full member

Activity: 2086

Merit: 193

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?

This is not the end yet, maybe this is just the effect of bear market which affects everyone here.
You can only tell its the end if they are not able to survive especially if the market starts to get better and they remain on their bottom prices. Though I see a critical level for the P2E, if they are no longer profitable most probably investors wont come back to them again.

Iadegbola34

member

Activity: 499

Merit: 16

NFT is far from being dead. It's just that the general bearish market condition has spread across to NFT as well. We're still in the early stage of the development of the NFT ecosystem, more adoption from investors is still to come.

Renampun

sr. member

Activity: 2520

Merit: 366

Catalog Websites

Quote from: wheelz1200 on June 11, 2022, 10:24:48 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 majority of NFT and metaverse tokens are experiencing a decline in users, this is why their prices are dropping (mostly)...

https://coinmarketcap.com/view/collectibles-nfts/
https://coinmarketcap.com/view/metaverse/

I'm still doing research on NFT or metaverse projects that have great potential, in my research, I see the NFT market is entering a saturation phase. can't be sure when the NFT market will be bull again. For those who have already bought at a high price, you should just hodl your NFT assets.

Captain Corporate

hero member

Activity: 2170

Merit: 575

I wouldn't really consider it "dead", but it would really be considered a bit of a problem at all, it would probably be considered something that would take a while before its "dead". I am guessing that the worst thing that could happen is also the best thing for the investors/users. Which is, do not spend that much money on NFT unless it provides you with a reason for it. There are a million NFT's coming out everyday, and they are just saying "look how great it is" and making it work somehow, not anymore, from now on investors will ask serious questions before they invest into anything and that will be great for us, but terrible for the NFT market cap overall.

Balmain

hero member

Activity: 2156

Merit: 685

I think NFT is definitely not dead and just lost interest in the process. Collectors will always be interested in NFTs good collectibles. Whether there are moments of licensed sports organizations, nft games should become a huge industry when you think about them. In fact, I think it has grown a lot and made a sound even already. I just think people need to adapt a little more.

Wilhelm

legendary

Activity: 1652

Merit: 1265

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?

NFTs were always just a pyramid scam. Terrible art so don't give me that. People bought in hopes they could sell it higher that's all. They literally are the beanie babies of crypto. Will be a funny story to tell in about 5 years that's about it. Now the use of nfts will expand and have a use case but these "art projects" are all ways for the creators to get rich that's all.

NFTs == Dutch tulip crisis 🌷

wheelz1200

legendary

Activity: 3780

Merit: 1418