NFT hype-Who knows what the next big thing in crypto will be?

tyz

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Quote from: luca prieto on September 10, 2021, 03:34:22 AM

Who knows what the next big thing in crypto will be?

I've had a hunch what the next big thing will be: Metaverse.
Nobody really knows what's behind it yet, but since Facebook renamed itself and Zuckerberg presented his idea of Metaverse, there are more and more crypto projects advertising it. So, hype is slowly incoming! Cheesy

RussianEnglishTranslation

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Quote from: luca prieto on September 10, 2021, 03:34:22 AM

Some people are spending millions of dollars on NFTs like crazy these days.They buy so-called NFT art sold out for ten million of dollars (USD) as their Avatars of social platforms.
It sounds ridiculous,which is exactly its charm.
For what I know, crypto behaves in strange and bizarre ways. First it was the ICO hype. Then came the "De-Fi" hype. And now it's the NFT hype. Who knows what the next big thing in crypto will be?

The next big thing in crypto is the metaverse. We will see farms and AMMs and lending platforms like Qubit, Burrow, Ref Finance, Spookyswap, Alpaca in VR space in the metaverse. You can walk into one of these dapps and interact with it, just like you would a bank. Staff can be on site to assist you.

Solanastrong51582

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Presently DeFi circle and NFT circles are exceptionally well known and of course whereas these circles are prevalent individuals are attempting to win as much as conceivable on it, but we know that before long the buildup around the NFT sphere will drop and after that those individuals who contributed in NFT will basically lose cash, and a few individuals will lose exceptionally gigantic cash, but tycoons and extremely rich people like to purchase all sorts of NFTs for tremendous sums, so I do not think they will be disturbed, and in common the NFT circle made a difference the cryptocurrency showcase to develop exceptionally much, so possibly the NFT circle will still appear itself.

turneps

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As of recently, there are enough people, celebrities, and high-fashion companies trading and creating NFTs to make them a hot commodity in the crypto community, especially in regards to the technical arts. number.
NFT's advantages include its ability to protect the intellectual property rights of the work, lower barriers to entry into the art market for the sale of artwork, and the ability to verify ownership.
On the other hand, NFTs are often digital copies of real works and therefore do not provide any added value; artists can easily decide to sell as many copies of the work as possible, thereby devaluing its reproducibility; In fact, the market seems to be in a bubble phase and the regulatory issues have not been resolved.
NFT is a market based on hype.

wxa7115

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Quote from: luca prieto on September 10, 2021, 03:34:22 AM

Some people are spending millions of dollars on NFTs like crazy these days.They buy so-called NFT art sold out for ten million of dollars (USD) as their Avatars of social platforms.
It sounds ridiculous,which is exactly its charm.
For what I know, crypto behaves in strange and bizarre ways. First it was the ICO hype. Then came the "De-Fi" hype. And now it's the NFT hype. Who knows what the next big thing in crypto will be?

Be very careful, it seems more and more obvious to me that a great deal of those ‘sales’ are manufactured and were not legitimate and most likely it was done to deceive investors or it is just a way to launder money.

Think about it, a scammer could create a NFT, buy it himself for all the money he has, establishing a base price for his NFT, then he does this over and over again and now it seems as if all is art is selling for high prices, then finally the previous buyers of their works, which was no one else but himself, put their works for sale and now they earn a lot of money, I am sure this is happening all over the market and as such I would not spend any time thinking about it or about what is next big scam that is coming to the market.

Jackl87

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Quote from: luca prieto on September 10, 2021, 03:34:22 AM

Some people are spending millions of dollars on NFTs like crazy these days.They buy so-called NFT art sold out for ten million of dollars (USD) as their Avatars of social platforms.
It sounds ridiculous,which is exactly its charm.
For what I know, crypto behaves in strange and bizarre ways. First it was the ICO hype. Then came the "De-Fi" hype. And now it's the NFT hype. Who knows what the next big thing in crypto will be?

My response is a little late as we are already in the middle of the next hype and this time it is around play-to-earn games that are running on the blockchain. Axies infinities is definitely the leading project their and everyone that has started playing this game a few months ago can now earn a nice amount of money every month with playing a game, which is crazy. At the moment there are launching new play-to-earn games every day and of course 95% of them suck and just want to ride the hype-wave, but i hope that some of those games are actually doing well and will be still here and played in a few years. I invested a small amount of money into Wanaka Farm and i hope it turns out well.

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To be honest, I haven't understood the cause of NFT fire so far.

The fire caused by the uniqueness of NFT. Others may have different opinion than you. When you're saying that's ugly but people may see that from the different view like it has only a few NFT. You can see cryptopunk or something else. Some people were judging this kind of NFT has no value but people who bought it has different reason.

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I looked at those NFTs. They were so ugly that I had to 1eth. I began to doubt my aesthetics.

NFT market was a free market, when you're seeing an ugly picture that valued at 1 ethereum and that's the price created by the owner of such NFT. You can't put the standard value on it as the creator of NFT itself will be offering what rate that will be suitable for his own NFT to be bought by others. I think that you must understand about this reason.

Brus123

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Knowledge of this information can a poor person be very rich, it all depends on the whales, and those who set the direction of the trends. I think it will be somehow related to Ether 2.0, there is too much information about it in recent months. It is quite possible that the transition to a new model, with a scarce resource of tokens or coins that burn out.

It is a new opinion which is quite reasonable, so I think I can support it. Actually, there are new upgrades of Ethereum all the time and they make us closer to Ethereum 2.0. which is likely to change the things on this market as I think when Ethereum 2.0. launches, it will become cheaper and as a result investors who moved to alternative chains, will come back.

LordMiguel

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i don't think there will be any new big technology that will drive crypto again apart from these two current trends. DEFI and NFT. I THINK THEY ARE NOT HYPE. they are proper methods and ways not only to promote but to adopt crypto. cryptocurrency adoption is still on going. i think Defi and NFT will go along way in this current trends. the huge amount of funds that Defi introduced into crypto remains the main reason it will last for long.

Bourbon44

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all I know is that the current cycle is overhyped. The second we have more practical applications for nfts is the second we’ll have more adoption. I personally have my eye on the nft marketplace 4K (4K.com) where they back nfts with physical assets like watches

MSN02

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NFTs and defi are here to stay. They bring real world value to everyone. I think the next big thing is going to be play to earn games, we’ve already seen games like AXIE blow up and I think that there will be many more to come. So many people love gaming, so why wouldn’t you love making money while you’re gaming, it just makes sense.

Al Qiyamah

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It's true, lately NFT does make small investors feel crazy and unreasonable when they see ordinary things but have fantastic value for big investors or rich people out there. they are willing to spend a lot of money to fulfill their desires. and I'm sure in the future there will be another hype in the crypto world as a continuation of the current trend.

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Quote from: crzy on September 26, 2021, 03:58:42 PM

NFT art might not that worth it if you’re a small time investor, but if are willing to spend that much on an art, then be ready for the risk.

Some do this for collection and some for business and profits. Well we are just on the tip of the ice berg, and I can see more potential on blockchain nfts. Well axie really did a good leading them all, and due to that hype everyone are looking forward to nft trend.

lumierre

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Quote from: luca prieto on September 10, 2021, 03:34:22 AM

Some people are spending millions of dollars on NFTs like crazy these days.They buy so-called NFT art sold out for ten million of dollars (USD) as their Avatars of social platforms.
It sounds ridiculous,which is exactly its charm.
For what I know, crypto behaves in strange and bizarre ways. First it was the ICO hype. Then came the "De-Fi" hype. And now it's the NFT hype. Who knows what the next big thing in crypto will be?

According to some analytics the next successful thing will be multifunctional projects. I follow some bloggers and now they start investing in them. Actually, it is really convenient, when you don't need to use different platforms, you can just come to one and do everything on it. To have a general idea of what I am talking about, jsut take a look at BOT for example. It has exchange, wallet, marketplace, messenger and even NFT-game.

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Quote from: cryptoaddictchie on September 24, 2021, 08:16:39 PM

Quote from: DarkDays on September 24, 2021, 07:54:01 PM

In my view, NFTs is only the beginning, their opportunity can literally be limitless. At the end of the day, people are all about exclusivity, ownership and non-fungibility.

You are right. I have also the feeling that nft hype and trends will not end here but also will expand more in the future. I noticed lately, that some platform are doing nft section of their product which they dont have before, it just show that they wanna join the league of nfts. Even bigger platform or known icos or institutions are adapting to it. Coca cola company had one, and some bigger ones too. Im excited that nft will continue to bloom to the next few years.

Too young to die I guess, the hype might stay for a while as many NFT project still growing and if those project was able to compete, then you might see their new ATH. I invest on some NFTs and I know its really worth it because the hype is still there and some are indeed a good one. NFT art might not that worth it if you’re a small time investor, but if are willing to spend that much on an art, then be ready for the risk.

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Quote from: luca prieto on September 10, 2021, 03:34:22 AM

Some people are spending millions of dollars on NFTs like crazy these days.They buy so-called NFT art sold out for ten million of dollars (USD) as their Avatars of social platforms.
It sounds ridiculous,which is exactly its charm.
For what I know, crypto behaves in strange and bizarre ways. First it was the ICO hype. Then came the "De-Fi" hype. And now it's the NFT hype. Who knows what the next big thing in crypto will be?

We can't really tell which will be the next big thing as there are many ideas currently in this space, and all it takes is the right time for it gain attention, and once the attention is there, every other thing is set for that trend.
Nevertheless, NFT is not as hot as it was before, or will I say a lot of other blockchains hardly experienced or partook massively in NFT, only few can be said to have experienced it good enough and that is ADA and Solana.
However, in my own opinion, the next hype might be on what a particular ecosystem is offering, and if a careful look is taken on this space, one can see the level of seriousness going on with many blockchain networks now, Algo, Fantom, Polygon, Avax and list goes on. Many projects are being developed on these blockchains and one can only be patient to see what will happen next.
Lastly, I also think Defi is not yet done, moreover it is the most lasting trend we have seen so far, thus many blockchain platforms can bank on it again to offer their own unique services.

el kaka22

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Quote from: luca prieto on September 10, 2021, 03:34:22 AM

Some people are spending millions of dollars on NFTs like crazy these days.They buy so-called NFT art sold out for ten million of dollars (USD) as their Avatars of social platforms.
It sounds ridiculous,which is exactly its charm.
For what I know, crypto behaves in strange and bizarre ways. First it was the ICO hype. Then came the "De-Fi" hype. And now it's the NFT hype. Who knows what the next big thing in crypto will be?

Yeah, we do see daily that millions are being spent for NFTs but I suspect how many are within accounts. I mean people may try to manipulate by self-buying so that real millionaires and naive investors may change their mind. Even this is an old practice, when it is happening in big numbers lead me to worry on this. Because, I do not want to see fellow crypto investors to be the last buyer for any of fake hyped NFT. Still, it must be individual's responsibility to stay safer with their crypto stash.

After seeing lots of hack and hijack related crypto space, I just started think like NFT also might be one the core reason why hackers and criminals get back to their illegal activities (like a tree with fruits faces lots of stone throws).

Dread Pirate Roberts

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Quote from: luca prieto on September 10, 2021, 03:34:22 AM

Some people are spending millions of dollars on NFTs like crazy these days.They buy so-called NFT art sold out for ten million of dollars (USD) as their Avatars of social platforms.
It sounds ridiculous,which is exactly its charm.
For what I know, crypto behaves in strange and bizarre ways. First it was the ICO hype. Then came the "De-Fi" hype. And now it's the NFT hype. Who knows what the next big thing in crypto will be?

It seems that things related to smart chains or smart contract will still be popular in the future . and NFT is currently quite hype from many investment circles. it seems that things that are investment and profitable will definitely become a trend in crypto. as previously . staking. farming. and now NFT games investment .

cryptoaddictchie

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Quote from: DarkDays on September 24, 2021, 07:54:01 PM

In my view, NFTs is only the beginning, their opportunity can literally be limitless. At the end of the day, people are all about exclusivity, ownership and non-fungibility.

You are right. I have also the feeling that nft hype and trends will not end here but also will expand more in the future. I noticed lately, that some platform are doing nft section of their product which they dont have before, it just show that they wanna join the league of nfts. Even bigger platform or known icos or institutions are adapting to it. Coca cola company had one, and some bigger ones too. Im excited that nft will continue to bloom to the next few years.

DarkDays

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Quote from: cryptoaddictchie on September 12, 2021, 02:10:36 AM

Quote from: luca prieto on September 10, 2021, 03:34:22 AM

It sounds ridiculous,which is exactly its charm.
For what I know, crypto behaves in strange and bizarre ways. First it was the ICO hype. Then came the "De-Fi" hype. And now it's the NFT hype. Who knows what the next big thing in crypto will be?

No one knows. Just try to spread your assets on different fields and who knows that could be the next generation hype. Nft still resides on defi hype which can be use to a lot of use cases.

The best thing is to keep your mind and option open and adapt to the market trends. Nobody can know what the next big thing is but with a flexible mind it should be possible to enter the new craze.

In my view, NFTs is only the beginning, their opportunity can literally be limitless. At the end of the day, people are all about exclusivity, ownership and non-fungibility.

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