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Topic: NFT is an interesting space - page 10. (Read 2840 times)

hero member
Activity: 3024
Merit: 745
Top Crypto Casino
September 11, 2021, 07:59:03 PM
Recently, I have analyzed that there are many good NFT projects and are very popular now, so all this time I have seen the latest developments about many people who are very interested in NFT, the new trends for projects that have been developed by NTF so far are very good and fast so that they attract investment so that There are many advantages that you have from the results of the NTF investment
There are a lot of good NFT projects but you still need to choose one because it's the one that you are looking at with long term goals. Not all NFTs can be seen with long term goals but if you're good with short term projects in NFTs, you have to be quick that whenever you bought one, you have to sell it with a profit margin because it goes down or until most of the NFTs are totally gone and out of the hype and craze that's really a thing these days.
full member
Activity: 1848
Merit: 158
September 11, 2021, 05:55:43 PM
The most interesting concept of NFT at the moment is in the traditional gaming industry, all the characters, items, skins, equipments and skills you own in one game can only be used within that game itself.
But with NFT, all these collections that you have could potentially be transferable and usable in other games as well. One significant difference is the money you spent in one game will not go to waste, while the other risk that are taken off is if the game developers does not want to support the game anymore, your collections can still be used in other games.

At the moment, gaming is the largest potential for NFT, but lets not exclude any possibilities of it being used in other industries.
What I do not really get is that how is the demand is still so high? I meant don't get me wrong it is great for cryptospace that there are still people out there looking to buy NFT, but I do not get how the demand is still so high. Even bitcoin and ETH drops in hype a lot whenever there is a good reason to drop, the hype dies down time to time, and then it goes back up and everyone is hyped again but it is ups and downs.

Looking at things like monkey NFT pictures and all that, it doesn't make sense that something so useless and worthless suddenly becomes a very valuable thing because everyone in the NFT world deems it very worthy, and not like it is a bad investment, people spend 5 ETH on something stupid like picture of a glass, and then they resell it for 30 eth, no idea why they paid 5 eth, but even bigger no idea how they managed to sell it for 30 eth. NFT is definitely not for people who do not get what art is, certainly not for me.

Some people are really looking at things differently. Just like collection of traditional art paintings. Some are willing to spend thousands or millions of dollars just to get a hold of one piece of art. But I have the same sentiments with you, some NFT arts are really not worth buying. But still some people are because maybe, they are hoping that someday, it will be valued much. However, I don't believe that all NFT arts can get good value in the future. So for those buyers, be selective on what you buy. Because you may end up holding a worthless item.
legendary
Activity: 2660
Merit: 1074
September 11, 2021, 05:26:40 PM
The most interesting concept of NFT at the moment is in the traditional gaming industry, all the characters, items, skins, equipments and skills you own in one game can only be used within that game itself.
But with NFT, all these collections that you have could potentially be transferable and usable in other games as well. One significant difference is the money you spent in one game will not go to waste, while the other risk that are taken off is if the game developers does not want to support the game anymore, your collections can still be used in other games.

At the moment, gaming is the largest potential for NFT, but lets not exclude any possibilities of it being used in other industries.
What I do not really get is that how is the demand is still so high? I meant don't get me wrong it is great for cryptospace that there are still people out there looking to buy NFT, but I do not get how the demand is still so high. Even bitcoin and ETH drops in hype a lot whenever there is a good reason to drop, the hype dies down time to time, and then it goes back up and everyone is hyped again but it is ups and downs.

Looking at things like monkey NFT pictures and all that, it doesn't make sense that something so useless and worthless suddenly becomes a very valuable thing because everyone in the NFT world deems it very worthy, and not like it is a bad investment, people spend 5 ETH on something stupid like picture of a glass, and then they resell it for 30 eth, no idea why they paid 5 eth, but even bigger no idea how they managed to sell it for 30 eth. NFT is definitely not for people who do not get what art is, certainly not for me.
member
Activity: 112
Merit: 10
September 11, 2021, 10:36:40 AM
With NFTs being popular in the next years, I just hope it will be regulated to filter out scammers that take advantage to people who are FOMOed, I know its hard for now but I just hope anyway because NFTs has big potential

you want to limit human work to artistic exploration, it's like you silence singers, not giving writers the opportunity to write, even our work on BitcoinTalk can be valuable in NFT. Don't be a resistance when your work is silenced.
member
Activity: 291
Merit: 13
September 11, 2021, 10:09:22 AM
With NFTs being popular in the next years, I just hope it will be regulated to filter out scammers that take advantage to people who are FOMOed, I know its hard for now but I just hope anyway because NFTs has big potential
member
Activity: 1764
Merit: 10
September 10, 2021, 07:39:43 AM
Of course, I agree with you, but do not forget that the hype around the NFT sphere can end at any time, as it was, for example, with ICO, IEO, and therefore we should not count on the fact that the NFT sphere will be as popular as it is now, for example, in a few years, therefore if I am investing in NFT, then I investing in NFT for a short term only, because I do not believe that the NFT sphere will be as popular as now, for example, next year, well, this is my personal opinion, perhaps the NFT sphere will be popular also after 10 years, so everyone decides by himself to invest in NFT or not.
full member
Activity: 1022
Merit: 100
September 10, 2021, 06:48:18 AM
from its usefulness we can be sure that Nft can be said to be the future of Cryptocurrency. Moreover, we can also see the popularity of Nft which is increasingly being discussed among game players. In my opinion Nft is the best asset of the future if we have it now
sr. member
Activity: 938
Merit: 255
SmartFi - EARN, LEND & TRADE
September 09, 2021, 07:33:38 AM
It's being a long time I started reading or knowing about NFTs but much attention was not paid on them as of then until recently the trend moved to it. In a way, I would say that Meme coins kind of created the part way for NFTs, because since Meme coins were also called animal coins, people started seeing similarities between it and NFT, also looking at most NFTs today you can even call them Meme tokens.
Nevertheless, NFT has created an avenue where new investors are now coming in and the better part of it is, most blockchain platforms are making it easy for them to be launched and I think this is mostly seen in ADA blockchain.
NFTs have many sections of which gaming seems to be the biggest, however, everyone joining the trend should know what he is after and make his due diligence as well.
hero member
Activity: 2828
Merit: 611
September 09, 2021, 07:19:19 AM
Now the same thing is getting some offers as well, of course it is a lot less but it is getting offers right away, that’s the liquid part of the deal. I do not get it, I still don't, why do people pay this much to own these weird things? Don't get me wrong when NFT is a game like axie, I do understand the whole deal, it is basically just a situation where people are gambling with their money in return of a chance to make a profit.

You can play it and make a lot of money if you are lucky. However these? These do not make sense, you do nothing with these, why would anyone want to have any kind of picture and pay 740 ethereum for that? Useless stuff should never worth that much if you ask me. These NFT's basically became a simple way to make money for designers, I have to say I congratulate them for it, definitely something I did not see happening at all.
legendary
Activity: 2534
Merit: 1490
September 08, 2021, 12:15:14 PM
A curious situation occurred as a result of which the first historical name Ethereum Name Services , which functioned as an NFT, was burned.
The error was reported by one of the ENS developers, Nick Johnson. As he himself says, at the time of the transfer of the ENS domain, it was redirected to an address that no one controls. https://twitter.com/nicksdjohnson/status/1435381880484859906



member
Activity: 200
Merit: 11
September 08, 2021, 10:29:14 AM
NFTs is a digital representation of artwork tied to a blockchain. Each NFT has own signature that can be verified in the peoples ledger and which cannot be duplicated or edited.🙏🙏
newbie
Activity: 28
Merit: 2
September 08, 2021, 08:24:31 AM
NFT is an acronym for a non-fungible token. It represents certain data that can be accounted for in a digital ledger. This data is normally tied to an asset. This asset can be an art piece, a movie, music,or other digital files. I read about it on blockster, really interesting https://blockster.com/blockdesk/1360_fud-hodl-fomo-defi-farming-and-nfts-what-does-crypto-jargon-mean
hero member
Activity: 2828
Merit: 604
CoinMetro
legendary
Activity: 2534
Merit: 1490
September 07, 2021, 08:28:37 AM
The N NFT project is just a set of random numbers. This is the fifth most popular NFT project just three days after its launch, and the average selling price of one NFT in the collection is 1.15 ETH $4,537. Smiley
https://decrypt.co/80343/the-n-project-nfts-of-random-numbers-hits-market-cap-of-40-million

sr. member
Activity: 1246
Merit: 285
August 18, 2021, 05:24:27 PM
The problem with these NFTs is that you cannot sell them if no one buys them.
Most of NFT that can be considered as art like that isn't meant to be an investment, it was meant to be collectible just like how you buy arts or painting from an artists, when you buy it you want to put it on your wall and not reselling it in shop.
If you are looking for an NFT that can be resold easily then it's NFT that is based on game like for example an axie, or any NFT games items, these kind of NFT always have quite high demand because it can make the gaming experience better or to earn in game tokens.
Collectibles can also be used as an investment. if it has historical value, rare, ancient, then the longer the price can increase. NFT must fully have the support of its community in order to have value, and who has a taste in that field of art. which I wonder sometimes costs up to thousands of dollars, even just for a simple picture, but for art connoisseurs there may be a special value that makes it so highly negotiable.

while for nft gaming, it's easier for me to understand. where we can get or collect certain items from the game. For game lovers, this is a good opportunity to channel hobbies as well as investment opportunities.
hero member
Activity: 2828
Merit: 604
CoinMetro
full member
Activity: 1246
Merit: 103
August 18, 2021, 05:01:25 AM
Non-Fungible Tokens (NFTs) has been under the radar for the longest time, other than when cryptokitties jammed the Ethereum network.

The initial impression of NFTs is just a nice to have collectible, but if you look deep enough NFT can actually lead the industry a long way.

The most interesting concept of NFT at the moment is in the traditional gaming industry, all the characters, items, skins, equipments and skills you own in one game can only be used within that game itself.
But with NFT, all these collections that you have could potentially be transferable and usable in other games as well. One significant difference is the money you spent in one game will not go to waste, while the other risk that are taken off is if the game developers does not want to support the game anymore, your collections can still be used in other games.

At the moment, gaming is the largest potential for NFT, but lets not exclude any possibilities of it being used in other industries.

nft and DeFi seem to attract someone to invest in them, I think this is because of some interesting concepts offered by NFT. moreover the concept offered is for the game industry. maybe in the future NFT will become a sensation among gamers and will be the latest solution for the game industry
hero member
Activity: 2828
Merit: 604
CoinMetro
August 18, 2021, 04:35:55 AM
GET RICH BY PLAYING VIDEO GAMES? Billionaire NFT investor Yat Siu shares his secrets to success:
https://www.youtube.com/watch?v=80scpAhN250
hero member
Activity: 2366
Merit: 504
August 17, 2021, 08:36:06 PM
The problem with these NFTs is that you cannot sell them if no one buys them.
Most of NFT that can be considered as art like that isn't meant to be an investment, it was meant to be collectible just like how you buy arts or painting from an artists, when you buy it you want to put it on your wall and not reselling it in shop.
If you are looking for an NFT that can be resold easily then it's NFT that is based on game like for example an axie, or any NFT games items, these kind of NFT always have quite high demand because it can make the gaming experience better or to earn in game tokens.
hero member
Activity: 2828
Merit: 604
CoinMetro
August 17, 2021, 04:47:30 PM
Bringing digital property rights to gamers via NFTs:
https://www.youtube.com/watch?v=gfL3vzfnZ_o

+

Building an NFT marketplace with OpenSea co-founder Alex Atallah
https://www.youtube.com/watch?v=zpKTYxnT19Y
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