NFT are making more sense - page 2. | Bitcointalksearch.org

ethereumhunter

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Quote from: Gorosden on April 09, 2021, 03:25:56 AM

NFT will bring huge disaster to many in near future because they are too overpriced and many of them are less useful, they are created of nothing but useless hypes, the only useful NFT I know are in gaming NFT projects

I am not sure that if the NFT becomes popular, I only think about the scammers that will come back to the crypto and scam people like before. That is what I am worried about and if people get in their trap, that can make the crypto bad for the new people. I do not want to compare between NFT and DeFi because that project is different, although no matter if that is NFT or DeFi, people's chance to get scam will be the same. But the DeFi trend still exists in the crypto, and maybe NFT needs time to explore.

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Quote from: Gorosden on April 08, 2021, 03:57:06 AM

Note this is not a financial advice

NFT will be far more adopted than DeFi and yes I'm positive that it will be more successful than DeFi with the ways things are going right now, I'm no more hearing hypes about DeFi projects now and attentions have been shifted to NFT, do you think NFT are the real deal because the market cap of NFT will visibly surpass DeFi I believe, what do you have to say about this? Am I wrong or right in any way?

You are wrong. Just because there isn't any hype about something, doesn't mean it's still not active.
DeFi has proven to be the future of finance, and NFT's can't surpass that. Thing is, NFT's are now used in a silly manner, and have yet to unlock their full potential.
But again, that potential will be strongly linked with DeFi

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Quote from: Gorosden on April 09, 2021, 03:25:56 AM

NFT will bring huge disaster to many in near future because they are too overpriced and many of them are less useful, they are created of nothing but useless hypes, the only useful NFT I know are in gaming NFT projects

Some people are buying expensive tweets NFTs and others are buying unique paintings NFT at very high prices. Maybe they will not feel this as a loss because these are those people who have a lot of money and they can afford to keep these unique items with them. However, i don't think anyone is buying expensive NFT to sell it at more higher prices.

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Quote from: Gorosden on April 08, 2021, 03:57:06 AM

Note this is not a financial advice

NFT will be far more adopted than DeFi and yes I'm positive that it will be more successful than DeFi with the ways things are going right now, I'm no more hearing hypes about DeFi projects now and attentions have been shifted to NFT, do you think NFT are the real deal because the market cap of NFT will visibly surpass DeFi I believe, what do you have to say about this? Am I wrong or right in any way?

The scope of defi projects is big as compare to the NFTs however there is still a lot of integration to be done to connect the traditional finance with the decentralized finance. NFT on the other hand are easy to implement and we have seen already real world NFT being sold online. Although NFT seems to make more sense now a days but don't forget the defi will be big once it will be implemented.

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NFT will bring huge disaster to many in near future because they are too overpriced and many of them are less useful, they are created of nothing but useless hypes, the only useful NFT I know are in gaming NFT projects

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Quote from: iv4n on April 08, 2021, 02:39:52 PM

Quote from: seoincorporation on April 08, 2021, 02:32:06 PM

If you want to find the sense in NFT then think about the best way to make money laundering in 2021.

This is the right tool to wash money because you can spend a big amount on anything and justify it with a virtual piece of art. That's the only way we can justify the big amount of money we see now rolling under the NFTs.

After thinking a lot about this topic, that's the only sense I found.

More and more I read how NFT is being used for big money laundering operations! And I got a bit into it and I can understand what is going on in the back! But I guess not all NFT is being used for illegal operations... some of the NFT supporters talking some good things about it!

I am just looking at all that from a side... I didn't get into it, I don't play any games where I can get those cards! Once or twice I wanted to invest some money, but I didn't. The whole story is interesting, but like everything else in crypto it's a bit risky... in my opinion too risky! But who knows maybe one day I will get into that too like I got involved in many things over the years in crypto!

Your worries are actually valid. NFTs are not for all crypto users at the moment. Aside from being expensive of these items, a lot will find out that they have of no use for these items. Other than possibly waiting in the future that it will gain its value on its own. This is the risky part, because you have no way of getting assurance that the NFT you bought will be valuable in the future. No one can give you a guarantee on that. So it is understandable that people who are not into games or collectibles, they will not find this another hype as attractive.

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Quote from: seoincorporation on April 08, 2021, 02:32:06 PM

If you want to find the sense in NFT then think about the best way to make money laundering in 2021.

This is the right tool to wash money because you can spend a big amount on anything and justify it with a virtual piece of art. That's the only way we can justify the big amount of money we see now rolling under the NFTs.

After thinking a lot about this topic, that's the only sense I found.

More and more I read how NFT is being used for big money laundering operations! And I got a bit into it and I can understand what is going on in the back! But I guess not all NFT is being used for illegal operations... some of the NFT supporters talking some good things about it!

I am just looking at all that from a side... I didn't get into it, I don't play any games where I can get those cards! Once or twice I wanted to invest some money, but I didn't. The whole story is interesting, but like everything else in crypto it's a bit risky... in my opinion too risky! But who knows maybe one day I will get into that too like I got involved in many things over the years in crypto!

seoincorporation

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If you want to find the sense in NFT then think about the best way to make money laundering in 2021.

This is the right tool to wash money because you can spend a big amount on anything and justify it with a virtual piece of art. That's the only way we can justify the big amount of money we see now rolling under the NFTs.

After thinking a lot about this topic, that's the only sense I found.

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Quote from: Joel_Jantsen on April 08, 2021, 05:58:01 AM

Quote from: Gorosden on April 08, 2021, 03:57:06 AM

Note this is not a financial advice

NFT will be far more adopted than DeFi and yes I'm positive that it will be more successful than DeFi with the ways things are going right now, I'm no more hearing hypes about DeFi projects now and attentions have been shifted to NFT, do you think NFT are the real deal because the market cap of NFT will visibly surpass DeFi I believe, what do you have to say about this? Am I wrong or right in any way?

DeFi's will beat NFT's in the long run. For whatever reasons, NFT's seems to be far more expensive to buy and only are affordable to the rich. Not like we can ever purchase a tiny part of the digital good so there are very few rich folks who will afford to bid or trade those highly-priced items. The market cap is huge because all the celebrities/athletes are jumping on the bandwagon to buy/sell something as a collectable which are insanely expensive.

Also, my knowledge is fairly based on stuff I see on the famous NFT spots like OpenSea/NBA-Top/.

It is not true. Because right now, people are in the hype of NFTs so that its price is very high. To people how has less money, it creates opportunity for young/new/emerging artists to be recognized and acknowledge. Moreover, Copyright is always an important issue, especially in the digital world where people blatantly steal others' works, products and ideas. Right now, in order for further development and recognition, there must be a NFT copy right start-up which can become the next revolution of copyright industry

LUCKMCFLY

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Quote from: ?? on ??

I wonder why people keep thinking of this NFT and Defi thing as a race, both of them bring good adoption to cryptocurrencies, NFT however could become popular if utilized properly like to represent an in-game items or in-game currency, but Defi also has their own use, as which one of them gonna dominate market cap wise, I'd still think it's Defi because that's where the money goes.

You are absolutely right, however on a global level Paris Hilton herself is in favor of NFT and even produced her own article,
also another that caught my attention which is:

Business magazine Forbes sells NFT of its Winklevoss issue cover for $333,333

Quote

“We like to say our covers of the world’s billionaires and next-generation entrepreneurs are the most-valuable real-estate in media for their ability to capture the people who are shaping our world in real time,” said Forbes COO Randall Lane in a statement. “As we watch the rapid rise of cryptocurrency and its mainstreaming across the world, we’re capturing a unique moment in time and also playing a role ourselves."

Source: https://www.theblockcrypto.com/linked/101144/forbes-nft-winklevoss-auction-ends?utm_source=cryptopanic&utm_medium=rss

The potential that NFTs have is unique, only that so much money inflows must be taken care of in which NFTs can invest. As the brothers say, they bought Nifty Gateway since 2019, marking a history in the technological framework.

semobo

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Quote from: Gorosden on April 08, 2021, 03:57:06 AM

Note this is not a financial advice

NFT will be far more adopted than DeFi and yes I'm positive that it will be more successful than DeFi with the ways things are going right now, I'm no more hearing hypes about DeFi projects now and attentions have been shifted to NFT, do you think NFT are the real deal because the market cap of NFT will visibly surpass DeFi I believe, what do you have to say about this? Am I wrong or right in any way?

Bur NFT projects has any real use? NFT has its own purpose in this online world but those coins created using NFT blockchain can be used for anything? I just see it as short term hype so its not really good for investing while DEFI can sustain in the long term because of its decentralized financial purpose.

BitKongy

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Quote from: ?? on ??

I wonder why people keep thinking of this NFT and Defi thing as a race, both of them bring good adoption to cryptocurrencies, NFT however could become popular if utilized properly like to represent an in-game items or in-game currency, but Defi also has their own use, as which one of them gonna dominate market cap wise, I'd still think it's Defi because that's where the money goes.

Well said, instead of trying to figure out which one is going to be better why not keep taking advantage of whatever is topping the charts in crypto space? It's true that in few months or years we might not hear a word about DeFi or NFT anymore but now that they are making sense better grab yourself some opportunities

tyz

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Quote from: Gorosden on April 08, 2021, 03:57:06 AM

Note this is not a financial advice

NFT will be far more adopted than DeFi and yes I'm positive that it will be more successful than DeFi with the ways things are going right now, I'm no more hearing hypes about DeFi projects now and attentions have been shifted to NFT, do you think NFT are the real deal because the market cap of NFT will visibly surpass DeFi I believe, what do you have to say about this? Am I wrong or right in any way?

You can not compare NFT and DeFi because NFT is basically a use case of decentralized finance (DeFi). Decentralized Finance encompasses a wide range of applications. NFT are one of them. So you are comparing apples and oranges.

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I think people and businesses will adopt this technology sooner than later. It’s a great way to prevent fraud in several markets, this will benefit everyone.

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Quote from: Gorosden on April 08, 2021, 03:57:06 AM

Note this is not a financial advice

NFT will be far more adopted than DeFi and yes I'm positive that it will be more successful than DeFi with the ways things are going right now, I'm no more hearing hypes about DeFi projects now and attentions have been shifted to NFT, do you think NFT are the real deal because the market cap of NFT will visibly surpass DeFi I believe, what do you have to say about this? Am I wrong or right in any way?

NFT is just a craze of the time and nothing else! It will die a bitter death sooner or later. In the meantime, some companies are trying to mint money by providing a platform and some digital artists are getting a little more money than they usually make. It's as simple as that!

NFT is not going to stay till the end of 2021. So if you want to make money, jump into it now while it's hot! The NFT mania will end soon! A digital art can't be worth 69 million!

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Quote from: DapanasFruit on April 08, 2021, 08:14:24 AM

I am more inclined to believe that DeFi will eventually the big winner if there can be a race between the two. Now, am not saying that NFTs will not be a big thing but the way I am seeing it is that a big percentage of the trend is just based on hypes. Eventually the market will be looking for those NFTs that got real value in them and after the smoke is clear those who are just there for the sake of just making money will be left out. In NFT anybody can be producing them and am sure that there are already platforms where even a child age 4 can be issuing his own NFTs.

I don't see a big difference between the two, DeFi have been around for years but decided to become big in 2020 with so much hypes and today the hypes have decreased alot, now it's just NFT time and probably later it's going to fade away too but I'm much into NFT most especially the gaming NFT projects, it's like a dream come true

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I am more inclined to believe that DeFi will eventually the big winner if there can be a race between the two. Now, am not saying that NFTs will not be a big thing but the way I am seeing it is that a big percentage of the trend is just based on hypes. Eventually the market will be looking for those NFTs that got real value in them and after the smoke is clear those who are just there for the sake of just making money will be left out. In NFT anybody can be producing them and am sure that there are already platforms where even a child age 4 can be issuing his own NFTs.

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Quote from: Joel_Jantsen on April 08, 2021, 05:58:01 AM

Quote from: Gorosden on April 08, 2021, 03:57:06 AM

Note this is not a financial advice

NFT will be far more adopted than DeFi and yes I'm positive that it will be more successful than DeFi with the ways things are going right now, I'm no more hearing hypes about DeFi projects now and attentions have been shifted to NFT, do you think NFT are the real deal because the market cap of NFT will visibly surpass DeFi I believe, what do you have to say about this? Am I wrong or right in any way?

DeFi's will beat NFT's in the long run. For whatever reasons, NFT's seems to be far more expensive to buy and only are affordable to the rich. Not like we can ever purchase a tiny part of the digital good so there are very few rich folks who will afford to bid or trade those highly-priced items. The market cap is huge because all the celebrities/athletes are jumping on the bandwagon to buy/sell something as a collectable which are insanely expensive.

Also, my knowledge is fairly based on stuff I see on the famous NFT spots like OpenSea/NBA-Top/.

NFT are more expensive to buy because they are treated more like gold or let me say valuable items, that's the real deal there, who buys into tokens that have no real world value? Even big companies and personals are looking into building their own NFT now, in games tokens is the part where I like NFT the most, tell me how that's not a very good use case ?

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Quote from: Gorosden on April 08, 2021, 03:57:06 AM

Note this is not a financial advice

NFT will be far more adopted than DeFi and yes I'm positive that it will be more successful than DeFi with the ways things are going right now, I'm no more hearing hypes about DeFi projects now and attentions have been shifted to NFT, do you think NFT are the real deal because the market cap of NFT will visibly surpass DeFi I believe, what do you have to say about this? Am I wrong or right in any way?

You are not wrong but we can't say for sure if the hype would last long but I assure you it will be longer than bull run since most projects now are diverting their platform towards nft and yes, literally adding options and features that gas nft affiliation some are fully focus or their goal is about nft. We can see the demand and this is a good sign actually of a real adoption.

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Quote from: Gorosden on April 08, 2021, 03:57:06 AM

Note this is not a financial advice

NFT will be far more adopted than DeFi and yes I'm positive that it will be more successful than DeFi with the ways things are going right now, I'm no more hearing hypes about DeFi projects now and attentions have been shifted to NFT, do you think NFT are the real deal because the market cap of NFT will visibly surpass DeFi I believe, what do you have to say about this? Am I wrong or right in any way?

DeFi's will beat NFT's in the long run. For whatever reasons, NFT's seems to be far more expensive to buy and only are affordable to the rich. Not like we can ever purchase a tiny part of the digital good so there are very few rich folks who will afford to bid or trade those highly-priced items. The market cap is huge because all the celebrities/athletes are jumping on the bandwagon to buy/sell something as a collectable which are insanely expensive.

Also, my knowledge is fairly based on stuff I see on the famous NFT spots like OpenSea/NBA-Top/.

Topic: NFT are making more sense - page 2. (Read 434 times)