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Topic: Will NFTs make a comeback? (Read 631 times)

member
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December 04, 2024, 08:15:11 AM
#49

I'd say NFTs are far beyond just proving ownership on the Blockchain. The time will come when the industry will blossom again. All lies on the hands of developers and the community itself. Persistent data is key towards preserving NFTs for generations. Focus needs to be on utility instead of hype.

that's true, it's necessary to think in a certain direction to be better, and it concerns trust in NFT with ownership of digital assets, and being a part that can benefit from its benefits, and from my thoughts this year NFT is still holding on with a fairly good even though where this condition is a bit pessimistic with performance experiencing a decline but it can be gradually overcome.
legendary
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December 03, 2024, 09:09:52 PM
#48
I'd say NFTs are far beyond just proving ownership on the Blockchain. The time will come when the industry will blossom again. All lies on the hands of developers and the community itself. Persistent data is key towards preserving NFTs for generations. Focus needs to be on utility instead of hype.

I agree with this. The truth is the application of NFT functionality is vastly under-appreciated, and it just so happens that pasting a picture on a token is the one thing that the lowest common denominator of the cryptosphere can get behind. NFTs can signify ownership of a wide variety of non-media related real-world items: real estate, concert tickets, access to secret websites, membership of clubs or bodies, etc. For whatever reason, the cryptosphere has totally rejected the thought of utility and now things are getting stupider by the day, on hyperdrive.
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WOITOKEN Play to Earn NFT Game
December 03, 2024, 04:49:05 PM
#47

NFTs are the most shittiest shits I have seen in the crypto market in my lifetime. So I don't think it will ever make a comeback. Some stupid people are still buying NFTs but they are either too rich or just trying to launder some money. There's isn't any other good reason to buy a NFT and hold onto it as an investment. That's too stupid!

I will rather buy Bitcoin or ETH if I really need to make an investment. NFTs are just plain stupid thing which doesn't make any sense but ran for a while due to good marketing. That's it! It's not worth anything at all!


they have another view of NFT and it continues, even though it is difficult to attract fans in the market, it is not something that needs to be questioned, by experiencing price appreciation, it is possible that at any time it can change again, even though for now it is not as popular as before, at least it still has a place to continue to be watched the in market.
hero member
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CoinMetro
December 03, 2024, 04:14:33 PM
#46
NFTs are the most shittiest shits I have seen in the crypto market in my lifetime. So I don't think it will ever make a comeback. Some stupid people are still buying NFTs but they are either too rich or just trying to launder some money. There's isn't any other good reason to buy a NFT and hold onto it as an investment. That's too stupid!

I will rather buy Bitcoin or ETH if I really need to make an investment. NFTs are just plain stupid thing which doesn't make any sense but ran for a while due to good marketing. That's it! It's not worth anything at all!

If you're talking about "copy and paste" JPEGs (images) obtained from the Web and marketed as NFTs, then yes they are "shit". But not true digital art and in-game items & collectibles. If done right, NFTs could render tangible items obsolete. I'm talking about trading cards, art, books, and whatnot. Digitizing everything is the future.

I'd say NFTs are far beyond just proving ownership on the Blockchain. The time will come when the industry will blossom again. All lies on the hands of developers and the community itself. Persistent data is key towards preserving NFTs for generations. Focus needs to be on utility instead of hype. If "meme" coins made a comeback, I don't see why NFTs can't do the same. Maybe it needs a celebrity or influential person like Elon Musk to come back to life? Cheesy
this!
legendary
Activity: 3220
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www.Crypto.Games: Multiple coins, multiple games
December 02, 2024, 07:58:25 PM
#45
NFTs are the most shittiest shits I have seen in the crypto market in my lifetime. So I don't think it will ever make a comeback. Some stupid people are still buying NFTs but they are either too rich or just trying to launder some money. There's isn't any other good reason to buy a NFT and hold onto it as an investment. That's too stupid!

I will rather buy Bitcoin or ETH if I really need to make an investment. NFTs are just plain stupid thing which doesn't make any sense but ran for a while due to good marketing. That's it! It's not worth anything at all!

If you're talking about "copy and paste" JPEGs (images) obtained from the Web and marketed as NFTs, then yes they are "shit". But not true digital art and in-game items & collectibles. If done right, NFTs could render tangible items obsolete. I'm talking about trading cards, art, books, and whatnot. Digitizing everything is the future.

I'd say NFTs are far beyond just proving ownership on the Blockchain. The time will come when the industry will blossom again. All lies on the hands of developers and the community itself. Persistent data is key towards preserving NFTs for generations. Focus needs to be on utility instead of hype. If "meme" coins made a comeback, I don't see why NFTs can't do the same. Maybe it needs a celebrity or influential person like Elon Musk to come back to life? Cheesy
?
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November 30, 2024, 04:21:51 PM
#44
Simply, not yet. Probably in a few more years, I feel like memes will still be the trend for next year but it's all just speculation. Still, what I'm sure of is that no one has good memories of NFTs
newbie
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November 30, 2024, 09:12:20 AM
#43
NFT will comeback definitely. Although most shit will still head to zero, I think some of top projects will come to lead the indurstry, expecially art collectibles.
legendary
Activity: 3010
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November 29, 2024, 08:58:05 PM
#42
NFTs are the most shittiest shits I have seen in the crypto market in my lifetime. So I don't think it will ever make a comeback. Some stupid people are still buying NFTs but they are either too rich or just trying to launder some money. There's isn't any other good reason to buy a NFT and hold onto it as an investment. That's too stupid!

I will rather buy Bitcoin or ETH if I really need to make an investment. NFTs are just plain stupid thing which doesn't make any sense but ran for a while due to good marketing. That's it! It's not worth anything at all!

They are already making a comeback; its not really up for debate. For example, the top 10 NFT collections on OpenSea have seen an increase in volume between 33% and 615% in the last 30 days.

And I can think of a few NFTs that have outperformed Bitcoin, and most of them are on Bitcoin (Spells of Genesis and Rare Pepes come to mind). The thing is they just aren't as liquid, so you could be stuck holding them for a long time. But that's because they trade more like classic pieces of art than fungible money.

 

Having said that, 99.9% of NFTs will continue to trend to zero. But to write them all off as stupid is... stupid.
legendary
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November 29, 2024, 01:38:15 PM
#41
It's been a while since all of the action moved away from NFTs. All of the hype is on "meme" coins and AI-based tokens. Popular NFTs such as CryptoPunks, Pudgy Penguins, and CryptoKitties have lost a considerable amount of value. If you bought them in the early days, now you'll be left with less money in your pocket. I'm not sure if the market turning bullish will liven up the hype once more.

Do you think NFTs will make a comeback? If not, why? Which NFTs are worth the investment these days? Your input will be greatly appreciated. Thank you very much. Smiley

NFTs are the most shittiest shits I have seen in the crypto market in my lifetime. So I don't think it will ever make a comeback. Some stupid people are still buying NFTs but they are either too rich or just trying to launder some money. There's isn't any other good reason to buy a NFT and hold onto it as an investment. That's too stupid!

I will rather buy Bitcoin or ETH if I really need to make an investment. NFTs are just plain stupid thing which doesn't make any sense but ran for a while due to good marketing. That's it! It's not worth anything at all!

legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
November 29, 2024, 02:45:42 AM
#40
legal ownership representation through NFT always sounds like a great idea, the difficult thing is dealing with the legal aspect, and the fact that most of people probably hesitant to integrate their ownership to NFT because bad reputation, but yeah I can see it works out so well, moreover there's also fractional NFT that could be a great advantage for people wanting to share ownership of a property for renting purpose and distribution of profit.

I can see this would revolutionize the traditional way, but the thing is, we're not ready for this, all these legal framework across various countries aren't ready for this, maybe next decade.

Legalizing NFT ownership is something that will take time to materialize. Many countries are yet to recognize this. Skepticism is what's holding NFTs back from acheiving real use cases. However, I believe this could change in the future. If "meme" coins made a comeback, who's to say the same won't happen with NFTs in the long run? I have faith on this tech.

It'll be up to developers to fix NFTs' inherent issues if they want to lead them all the way to success. Even Vitalik suggested new kinds of NFTs under the name of Soulbound Tokens (SBTs). The future of digital ownership is just getting started. Like I've stated before, we will live in a world where we won't truly own anything. At least physically. Everything will live in the digital realm. This means the end of physical art, collectibles, books, and even trading cards as we know them. Young people will get used to this. The question is: Are you ready to embrace change?
legendary
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Leading Crypto Sports Betting & Casino Platform
November 28, 2024, 12:39:24 AM
#39
NFT's are not that bad in idea, the idea of having ownership paper, basically like a legal tender, it's a good thing and maybe using it for wrong things when we are using it images to promote NFT idea. I have seen it done for real estates and other stuff, like having part ownership for stuff, and that is not always that bad.

So, if we want NFT to make a comeback, maybe we should be using it for something much better, could be something that could be done properly and get a better result. It is not that easy but we could turn NFT world into something else and we could make a lot more profit. This will need some project to come out one day, and do something original with NFT idea, and get very very much hyped, if that ever happens then we could see NFT world make a comeback.

legal ownership representation through NFT always sounds like a great idea, the difficult thing is dealing with the legal aspect, and the fact that most of people probably hesitant to integrate their ownership to NFT because bad reputation, but yeah I can see it works out so well, moreover there's also fractional NFT that could be a great advantage for people wanting to share ownership of a property for renting purpose and distribution of profit.

I can see this would revolutionize the traditional way, but the thing is, we're not ready for this, all these legal framework across various countries aren't ready for this, maybe next decade.
member
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WOITOKEN Play to Earn NFT Game
November 27, 2024, 06:29:18 PM
#38

NFT's are not that bad in idea, the idea of having ownership paper, basically like a legal tender, it's a good thing and maybe using it for wrong things when we are using it images to promote NFT idea. I have seen it done for real estates and other stuff, like having part ownership for stuff, and that is not always that bad.

So, if we want NFT to make a comeback, maybe we should be using it for something much better, could be something that could be done properly and get a better result. It is not that easy but we could turn NFT world into something else and we could make a lot more profit. This will need some project to come out one day, and do something original with NFT idea, and get very very much hyped, if that ever happens then we could see NFT world make a comeback.

it became very popular at that time, indeed NFT before it soared experienced a major correction, and there's nothing wrong with seeing the beginning that was highlighted a lot, and attracted a lot of attention even though the NFT market still survives with images that are still in demand and benefit from it and it continues with innovation that continues to grow, and it must be done with more efforts.
full member
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November 27, 2024, 06:03:43 PM
#37
I think they might get a little pump, but ultimately for me they were a hype-train and a short-term phase in the grander scheme of things. I don't see them returning. I think the use case is solid, i.e. it's a good use of blockchain to provide provenance for art, but let's be real very little of the NFT boom was actually "art" and I the market for AI art is small.

There will be a pump with any Opensea token, but I think they've had their day. Which, I believe, is why Ethereum has also had its day and why it's currently lagging behind. Previous cycle it was memecoins and NFTs propelling Ethereum - memes have gone to Solana, NFTs are dead...so what next?
?
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November 27, 2024, 04:17:16 PM
#36
I have created an AMM for NFTs where you launch a collection in a smart contract and every one can buy and sell whenever they want to the AMM contract. I think this is the only way NFTs can come back. The problem originally was that NFTs couldn't be sold if the interest drop. With similar contracts this problem is fixed.
What do you think about the idea? Here is the code in solidity:
https://github.com/simplepools/simplepools/blob/main/simplepools-smartcontracts/SimplePoolsNft1155AMM.sol
legendary
Activity: 2086
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November 23, 2024, 12:15:25 AM
#35
NFT's are not that bad in idea, the idea of having ownership paper, basically like a legal tender, it's a good thing and maybe using it for wrong things when we are using it images to promote NFT idea. I have seen it done for real estates and other stuff, like having part ownership for stuff, and that is not always that bad.

So, if we want NFT to make a comeback, maybe we should be using it for something much better, could be something that could be done properly and get a better result. It is not that easy but we could turn NFT world into something else and we could make a lot more profit. This will need some project to come out one day, and do something original with NFT idea, and get very very much hyped, if that ever happens then we could see NFT world make a comeback.
Yeah I agree, and this was the main reason why it got popular for the first few months, because it was a good idea and yes images were what it was used at start, but it never got outside of that at all, which complicated things. I am not saying that we are going to see it grow to other things now, it could just stay with images and never grow out of that at all. But that doesn't mean that we are going to see this changing anytime soon, it could stay like that for a long time.

This means we are going to approach this situation a bit differently, and if we are sick and tired of these images dominating the NFT world, then we shouldn't really invest into it unless something else that looks better happens. I always believed we could be using this for more too, but it is not, so I am not investing into those images.
legendary
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November 22, 2024, 05:26:14 PM
#34
Usually once we have things are gone from crypto world it has no fair chance to come back and having glory days but if we are having any solid changes then surely things can take good positivity as we are facing many changes NFT can also have anything like this which will help this to have revival even I am having very low chances, but good thing chances are available which is the best part of this.

Few big names are trying to have their mark which is also interesting because if they are able to bring anything for this we can have good for the crypto world with as recently things are taking good changes anything possible about NFT revival but as mentioned it's never been easy and can take good time as well.

What about the "meme" coins craze? It usually comes and goes. The same might happen with NFTs. If there's something that won't make a comeback, that would be ICOs. Especially when they faced a huge crackdown by the regulators within the early days. Now it's hard to launch an ICO without getting the green light from the regulators. But with NFTs, that's a different story. It's still a regulatory grey area (as far as I know). There hasn't been any crackdowns due to scams and/or theft. At least, not yet.

Some companies went as far as launching NFTs of their own. Even President Trump himself launched an NFT collection. If content were stored forever on the blockchain (persistent data), NFTs will truly last for generations. That's the only thing developers need to fix. Between this and RWAs (Real World Assets), we will live in a future where we won't truly own anything (physically, of course). I'll be paying close attention to their development. Smiley
hero member
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November 22, 2024, 01:04:31 PM
#33
NFT's are not that bad in idea, the idea of having ownership paper, basically like a legal tender, it's a good thing and maybe using it for wrong things when we are using it images to promote NFT idea. I have seen it done for real estates and other stuff, like having part ownership for stuff, and that is not always that bad.

So, if we want NFT to make a comeback, maybe we should be using it for something much better, could be something that could be done properly and get a better result. It is not that easy but we could turn NFT world into something else and we could make a lot more profit. This will need some project to come out one day, and do something original with NFT idea, and get very very much hyped, if that ever happens then we could see NFT world make a comeback.
hero member
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November 21, 2024, 08:02:53 AM
#32
their belief in NFT is always changing by looking at the current situation, depending on the current market cycle, and that is indeed part of it, even so NFT still has a place in this digital market, even though it is experiencing a decline, but I think NFT has a place for investment that will always run and be considered.
Usually once we have things are gone from crypto world it has no fair chance to come back and having glory days but if we are having any solid changes then surely things can take good positivity as we are facing many changes NFT can also have anything like this which will help this to have revival even I am having very low chances, but good thing chances are available which is the best part of this.

Few big names are trying to have their mark which is also interesting because if they are able to bring anything for this we can have good for the crypto world with as recently things are taking good changes anything possible about NFT revival but as mentioned it's never been easy and can take good time as well.
brand new
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November 21, 2024, 12:35:39 AM
#31
It's been a while since all of the action moved away from NFTs. All of the hype is on "meme" coins and AI-based tokens. Popular NFTs such as CryptoPunks, Pudgy Penguins, and CryptoKitties have lost a considerable amount of value. If you bought them in the early days, now you'll be left with less money in your pocket. I'm not sure if the market turning bullish will liven up the hype once more.

Do you think NFTs will make a comeback? If not, why? Which NFTs are worth the investment these days? Your input will be greatly appreciated. Thank you very much. Smiley

It depends if the NFTs have a usage. And depends on the number of NFTs created and if more are being created as time passes.
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November 20, 2024, 05:09:19 PM
#30

Anything can happen, as no one can predict what will happen in the future.. NFTs have caused a huge buzz in the past, but with the emergence of other trends, investors' attention has turned to them.

There are many Utility NFTs I owned at some point,, but after a long time, the value of what I own has decreased by more than half, and some of what I still own has completely lost its value. Of course, I know that the NFT industry has not ended and is still present, but it is moving very slowly.

What I see is that trading and investing in altcoins is more worthwhile than that. Even selling an NFT you own requires luck, and it may take a lot of time unless the collection you bought from has demand, high daily trading volume, or is supported by an innovative project. As for me, I do not like this sector and did not believe in it from the beginning despite the success it has achieved, and each person has his own perspective and decision regarding what he sees as appropriate and believes in.

their belief in NFT is always changing by looking at the current situation, depending on the current market cycle, and that is indeed part of it, even so NFT still has a place in this digital market, even though it is experiencing a decline, but I think NFT has a place for investment that will always run and be considered.
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