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Topic: NFT could grow 35% by 2027 (Read 374 times)

jostorres

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Quote from: Dervish doff on May 11, 2022, 04:58:34 AM

To be honest, to this day I personally have not found any interest in NFT, only collections, and the logic is made so that the price is so valuable, so that there will be a price that is not so attractive, even though in the future there will be price potential, but that's impossible, people will get bored and just some people like NFT, NFT is just an image concept that gives value, such as an antique auction place, and then after the fall in the price of bitcoin, ethereum and BNB have an inherent quality of trust and they have become the character of assets that can be stored, what's more , NFT is appreciated by Crypto coins, the Underlay of NFT is still crypto, like money printing in a country there must be a gold reserve.

You do not have to find any logic in it, I do not find any logic in it neither, but the people who buy it should find some logic in it and not all do. That's the problem and that's what I criticize about as well. I mean think about it, there are some people who think that NFT's are stupid and make no sense and yet they still buy.

Because, they believe that they could make some money from this and that is all that matters to these people, making some money. If you do not believe in the long term aspects of a thing but think that you could mint it fresh and sell it for 2x more afterwards, you still get into it even if you think people who buy from you at 2x are doing the wrong thing.

funteki

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Quote from: MARK21 on May 07, 2022, 08:38:04 PM

It is somewhat surprising how NFTs are increasing, we hope that in these 5 years in the future they will be able to spread more. With the news reflecting growing interest in the non-fungible token (NFT) space among current investors, new research predicts that the current $3 billion market size will reach $13.6 billion by the end of 2027.

Quote

In the next five years, the key factors linked to the global rise of NFTs will continue to be the growing involvement of influencers, gaming communities, and the growing demand for digital artwork.

Interestingly, the Mexican women's team was made known, launching a new NFT collection.

Source of the Mexican women's team (In Spanish): https://es.cointelegraph.com/news/mexican-womens-soccer-team-launches-new-collection-of-nfts

The trend of the NFT market was also revealed, here is an image:

Image: https://s3.cointelegraph.com/uploads/2022-05/0ebd8131-9816-4613-ab52-18330ed9db66.jpg

Global NFT Market Trends.
Source: MarketsandMarkets

Also MarketsandMarkets cited this trend:

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"APAC countries are emerging towards constant developments and market launches in the given sector to offer creators and buyers the same opportunities in the ecosystem."

Source (Spanish): https://es.cointelegraph.com/news/nft-market-well-positioned-to-grow-35-into-a-13-6b-industry-by-2027

in my opinion it can be easily achievable, new projects growing fast as lightning, people are not so scared to invest in nft anymore, p2e nfts starting to take position in the market, also, wanna hear your thoughts on project "reptile chronicles", this dudes making game which is based on the lore they made.

Razanm90

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Quote from: MARK21 on May 07, 2022, 08:38:04 PM

Quote

In the next five years, the key factors linked to the global rise of NFTs will continue to be the growing involvement of influencers, gaming communities, and the growing demand for digital artwork.

Quote

"APAC countries are emerging towards constant developments and market launches in the given sector to offer creators and buyers the same opportunities in the ecosystem."

Source (Spanish): https://es.cointelegraph.com/news/nft-market-well-positioned-to-grow-35-into-a-13-6b-industry-by-2027

The NFT has a great future and I didn't understand people, who were so scared to invest in NFT. I am looking for some interesting NFT projects now, especially NFT-based games. Bros, I want to hear your opinion about one new Blockchain-based NFT Game "reptile chronicles". I think it is a really good project with unique lore and amazing arts. I will wait for your thoughts about this.

TheGreatPython

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Quote from: Dervish doff on May 11, 2022, 04:58:34 AM

To be honest, to this day I personally have not found any interest in NFT,

Well, you are not alone with that and if you will look around you, almost all people will say the same thing. For us, we are already contented on what the standard crypto has to offer and there is no need for more new additions in this space. The more those inventors think it will help, the more the crimes are happening. It only helps the reputation of crypto to go down.

Quote from: Dervish doff on May 11, 2022, 04:58:34 AM

even though in the future there will be price potential, but that's impossible, people will get bored

Maybe for some good quality nft's they have a chance to pump but that still can take a long time and before that happens, those who invest of those nft have already sold their nft's earlier because like you said, they got bored waiting. I think those people that invest on nft are only after the profit and not the idea behind it. They aren't like us crypto investors that have a faith on our coins because we believe on it's technology.

el kaka22

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I would guess that there are layers to something that stays in the crypto world and there are none when we are talking about useless ones that go down. I do not know which one this will become but I am sure that it will stay here for a while by the logic of just ownership. If we keep looking at the ape type of stuff then it will probably not become big.

But, imagine what you can sell with "limited edition" mindset in the movie business for example. Like let's say when Marvel had End Game coming up, and they created an NFT to be released at the release day, that way they would have sold 10k NFT's, some common ones would be like drax or mantis or whatever, and a bit more rare would be spiderman antman and what not, and the very top would be captain and iron man for example or even thanos. Wouldn't that be the biggest thing ever? Wouldn't they make millions from it? I mean sure they made 2+ billion lol, but who says no to a extra 10-20 million more?

Dervish doff

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Kunnu

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It's hard to predict that how much NFTs will grow by 2027 although the current popularity of NFTs is not same like it was few months ago it looks people are not taking much interest in NFT projects perhaps it's because of bad market conditions or maybe these days crypto community have eyes on some quality altcoins which are obviously in dip for example Bitcoin, Ethereum and BNB etc.

Fundamentals Of

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Quote from: serjent05 on May 10, 2022, 08:56:18 AM

Quote from: Fundamentals Of on May 09, 2022, 10:50:15 PM

Quote from: GreatArkansas on May 09, 2022, 09:34:29 PM

NFT is here to stay for sure. With the help of blockchain, for me, NFT will stay as cryptocurrency is still evolving day by day.
It is already proven how NFT works and is useful, especially in the digital era in which day by day we are using technology and the internet which I admit that it is really helpful and more convenient.
Yeah for sure NFT growth is low which I can consider that we are still early, we still need more time.

Why do you particularly think that NFT will be here to stay?

Honestly, I also think that NFT is here to stay but I don't think that it will retain its hype.

I also think so. NFT will not completely leave the cryptocurrency scene. It will stay there for as long as cryptocurrency is still there, but not only will it not retain its hype, it will probably undergo a lot of transformation. I mean, the use of it especially.

Quote from: Fundamentals Of on May 09, 2022, 10:50:15 PM

And I believe that nft's can be a great asset of projects that has a real purpose, something that can create a real change here in crypto space and in our society.

What innovation can NFT give to the crypto space?

Probably a lot, but definitely not the kind that it is offering right now. NFT is definitely more than just expensive monkeys. NFT is definitely more than just Snoop Dog and Paris Hilton and others offering some kind of luxurious digital stuff which do not have any real practical use in life.

tyz

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Quote from: MARK21 on May 07, 2022, 08:38:04 PM

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In the next five years, the key factors linked to the global rise of NFTs will continue to be the growing involvement of influencers, gaming communities, and the growing demand for digital artwork.

-snip->

I find such articles and such predictions unserious. I remember well how in 2016 and 2017 during the ICO hype it was predicted that there will be massive growth rates until 2020 and that projects in the future will mainly also set an ICO. Already 2-3 years later, there was hardly anything left to feel. Currently, there are hardly any such ICOs. Previously, the same thing had already happened with so-called colored coins and the same will happen with NFTs.

serjent05

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Quote from: Fundamentals Of on May 09, 2022, 10:50:15 PM

Quote from: GreatArkansas on May 09, 2022, 09:34:29 PM

Why do you particularly think that NFT will be here to stay?

Honestly, I also think that NFT is here to stay but I don't think that it will retain its hype.

Quote from: uelque on May 10, 2022, 07:29:42 AM

We should accept the fact that NFT really has the potential to become very valuable in the future.

In what sense that it will be very valuable?

Quote from: uelque on May 10, 2022, 07:29:42 AM

It's just that now, most of them are just hype that's why some of them lose it's value quite fast. And most of them are just stuff without a purpose, no value, nothing. But if we will look on the greater things nft's can offer we will be convince that the possible growth can be more than 35%.

You already said it and I don't think its use-case will improve in the future.

Quote from: Fundamentals Of on May 09, 2022, 10:50:15 PM

And I believe that nft's can be a great asset of projects that has a real purpose, something that can create a real change here in crypto space and in our society.

What innovation can NFT give to the crypto space?

Quote from: yazher on May 10, 2022, 06:21:22 AM

Yeah! unlike the failed trends back in the day, NFTs are supported by the big-time social media nowadays and they create their own version of it as well to join the revolution of the Metaverse. It's more likely to happen because, after last year's trend of NFTs, people still talking about it right now with more improvement because the good thing about the NFT today is the liquidity and the big companies are now getting involved because they that the trend is healthy for them to join it.

Does this media support change the fact that lots of NFT projects lost their value? And does this "big company involvement" save those investors who suffered huge losses because of the NFT's unsustainable economic model.

diminizio

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NFT does need to develop even better, so far NFT still has many shortcomings that must be developed to become more perfect in the future. In fact, we often hear that NFTs will be turned into digital letters such as land certificates, and that has never happened. What I expect from NFT in the future is, its high security and can be used as a token of ownership of real assets, it will look very good in the future use of NFT.

uelque

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We should accept the fact that NFT really has the potential to become very valuable in the future. It's just that now, most of them are just hype that's why some of them lose it's value quite fast. And most of them are just stuff without a purpose, no value, nothing. But if we will look on the greater things nft's can offer we will be convince that the possible growth can be more than 35%. And I believe that nft's can be a great asset of projects that has a real purpose, something that can create a real change here in crypto space and in our society.

yazher

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Quote from: MFahad on May 08, 2022, 06:45:59 AM

NFt demand is increasing day by day. World best Social media platform Instagram also looking to integrate Etherium,Polygon,Solona and flow. This is very big News and more Artist are taking interest in NFt. I think it can grow 25% by 2025

sayaya17

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Quote from: Ararbermas on May 10, 2022, 02:15:10 AM

Surely it will grow more , because indeed this year NFTs is really getting more attention and become so popular as well because of its features and etc that mostly people can really get a return afterwards and what's good in it is that anyone can go for NFTs not just big investors. So it will stay and grow more after how many years since mostly are legitimate.

The popularity of NFT began to increase in 2020-2021, in that year NFT became the attention of quite a lot of people, so NFT is still a booming trend.
Now that NFT has become a fairly high attraction in the crypto world, not even a few celebrities are getting interested in doing NFT transactions.
Because NFT is still a popular trend, now NFT can be a source of opportunity to earn profits. Therefore, it is likely that NFT will continue to grow
even more in the next few years. But the question is how long NFT will last, that's still a big question mark, because in the crypto world there will
always be new trends and there is a possibility that NFT can be replaced by new trends. So the possibility of NFT falling in the future is possible too,
but for now NFT is still popular and profitable. In conclusion, although NFT seems to have a good future, but still we must be wise and careful
when investing in NFT.

Ararbermas

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adiebitsler

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Quote from: GatotKaca on May 09, 2022, 10:56:52 PM

The realization is still very lacking in the NFT field itself so there is not much ownership of NFT in everyone at this time and it still makes some people hesitate to buy more NFT, whether it is stored or for trading on certain platforms.

Jackl87

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Quote from: MARK21 on May 07, 2022, 08:38:04 PM

A growth by 35% within 5 years seems like a positive but still a very realistic forecast to me and is a nice little exception of all those other forecasts that people are making withing the crypto space like: "Bitcoin will reach a price of 1 Million USD each by 2025" and stuff like that. I can definitely imagine that there are 35% more NFT's minte in 2027 than there are now i would even say this is a very conservative forecast because minting NFT's has become more and more easy. The question is will all this NFT's also have a real value in terms of use case and will they also have a real demand so that people are willing to pay for them. If they are just minted once and never touched again then they are pretty useless in my opinion.

yurez

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Quote from: MARK21 on May 07, 2022, 08:38:04 PM

Until 2027, the NFT market may grow several times. The uses for NFTs are constantly expanding, and it has long been more than just a collectibles or in-game asset market. NFTs will become more in demand in sectors where proof of ownership is important: virtual real estate, clothing and in-game assets, and the ticket market. Most likely, NFTs will increasingly be used as a digital marking of various goods or during the verification of various documents.

GatotKaca

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Quote from: ?? on ??

I was at Amsterdam in Modern Art Museum, there was exhibition of NFT!! so I am sure it will grow 1000% soon

What NFT is on display there and what NFT art will grow to 1000% ?
because so far I haven't seen any NFT growing up to 1000% after you said this because NFT actually still needs more development.

yes, NFT assets now still haven't absorbed trading adoption in the market. they just create hype for some platforms and assets only. after that, there will be a lot of NFT assets in the market. but the realization of the use of NFT ownership is still in doubt.
it seems that the current direction of technological development is indeed leading to the adoption of the growth of the Metaverse project. but we don't know what the future holds for this technology.
I think for now there is no need to think about holding NFT assets in the long term.

Fundamentals Of

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Quote from: GreatArkansas on May 09, 2022, 09:34:29 PM

Why do you particularly think that NFT will be here to stay?

With how NFT is currently being used to only serve more on the aspects of creating digital pictures which are sold with exaggerated prices, do you think it has already proven how NFT really works and how useful it could actually be?

Do you seriously think that NFT is a lasting technological innovation or do you think that it is just another kind of hype in the crypto market?