Topic: NFT ?? What do you think about it ? ? ? (Read 804 times)
I think it's an overhype thing. Btw I have some free nfts from airdrops and giveaways. Some don't have value but some sold for 1-100$. But among them that NFTs sold for 20-40$ now don't have value. So think twice if you put more money in the NFTs.
I concur with it that it is overhyped and I likewise accept that certain individuals exploit it to sell workmanship regardless of whether the craftsmanship is made by youngsters or a kid. Indeed, even an image picture is likewise sold as a NFT and I don't know why that individual got it when many individuals approach it and even remember it for a video or even in an article. Not that I could do without NFT in light of individuals who are exploiting it but since you can likewise acquire benefit yet I figure the promotion will stop sometime.
To date, most NFT projects are of little value to the ecosystem. When these tokens have a real use, for example in popular computer games with large audiences of users, then the market will develop rapidly. In the meantime, this market is full of scammers, and most NFTs have lost over 90% of their value. And it’s not a fact that their price will rise, unlike altcoins.
well it's true if NFT is just being utilized for random arts eventually this will never find bigger valuation in the market, had it being used massively for something that has more utility it could definitely opens up more opportunity, the thing with NFT is that it's being considered rather failure technology because it's frequently being used for these arts which has shown some silly valuation and attempt of manipulation, even though there are so many of utilities that nft offered but it gets overshadowed with arts and its value manipulations. ~
Yeah and I am pretty sure there would be more "try hards" out there thinking that they can just draw trash and earn millions from it. If you want to be a reputated digital artist or earn a lot, NFTs are not the way to go now. I am pretty sure those who had bought some of those trash NFTs are likely questioning their decisions right now.If I was a digital artist, I would just post up my works in Behance and that would work far more better than attempting to sell those in OpenSea as NFT.
NFT arts could easily be imitated so I don't really see that its value is worth it. I would rather use my funds in investing with good coins than purchasing NFT digital arts. NFTs are also having a hard time dealing with the market situation so, despite the potential, they couldn't rise and strike a good position in the market. It may take time before they reach a good spot because they will surely just get along with the market recovery period.
Even though I agree with you, it's about ownership and not being able to use it. The old "I took a screenshot LOL" type of thing misses the point of NFT, it's not about being able to use it or be the only one to use it, it is about the fact that you have ownership of it, it's yours and nobody else's. You could see Mona Lisa as well on google, or you could make it your twitter profile picture, but you do not OWN Mona Lisa right? Same logic.One is digital and the other physical, there is a difference, but the idea is the same when we are talking about ownership. In the end if you really want to be able to provide something great, then you need to realize what it is and what it isn't and fix what it isn't.
Indeed, most altcoins does not have a real use case, but as to NFT - the percentage of no use case is many times more. As an investment, any altcoin is much better than NFT. Even an altcoin without use case is better than NFT. Because you at least try to substantiate why buyer should look at your altcoin and buy it, while NFT - it is just a picture. Try convince someone to buy NFT that you have. Because NFT is only a hype, but any altcoin it is at least an idea and attempt of a technology behind it.
Well i agree to disagree, as i don't see an idea or any new tech under majority of altcoins or tokens. In fact i see them more dishonest as they are often claiming to solve something that doesn't need solving. While collectables don't pretend to be anything else what they are. They are similar to doge in that way.There are altcoins that are actually doing something interesting, but one can see erc721 and 1155 interesting as well.
To date, most NFT projects are of little value to the ecosystem. When these tokens have a real use, for example in popular computer games with large audiences of users, then the market will develop rapidly. In the meantime, this market is full of scammers, and most NFTs have lost over 90% of their value. And it’s not a fact that their price will rise, unlike altcoins.
I’m starting to see all kinds of new NFTs and utilities for them recently. I think most of the “artists” selling pictures have gone the way of the dodo bird leaving those who are actually building functionality for their collections. I just came across an application that lets you be your NFTs on video chats or streams. That seemed like a pretty cool thing to do with NFTs you own if you were into that sort of thing. People are still building…
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I won't even be surprised if some random investor of NFTs just bought a "dick" art in some random site that can just be replicated easily through MS Paint. There are a lot of people that are having misconception between NFTs and digital art and they seem to merge the meaning between the two.Not sure how do those buyers think of its future value, but surely it will still look the same anyway regardless.
If I wanted to buy some digital arts, I would just hire a digital artist and get it in a "appropriate" price.
NFT is a huge swamp. doomloop, show me please something worth investing. I think only "Bored Ape Yacht Club» are the one who still keep high price, everything else, that used to be on hype have lost their value. I see no future for NFT as an instrument of investment. Even bear market with «discount prices» does not create NFT as a great investment. Imho, right now they are more like fun pictures, then something valuable. It was already said many times - NFT hype is gone.
That's weird way to put it, because you might as was say "show me something worth investing in altcoins". Because if you treat NFTs as one thing when it's actually huge amount of of projects, sure, most of them are garbage, but you might as well say that you don't see future in cryptocurrencies. Because also in those, 99% are not worth investing. Same things apply. And if you are talking about real world use cases; aside from form of payment, most altcoins don't have those either.
Indeed, most altcoins does not have a real use case, but as to NFT - the percentage of no use case is many times more. As an investment, any altcoin is much better than NFT. Even an altcoin without use case is better than NFT. Because you at least try to substantiate why buyer should look at your altcoin and buy it, while NFT - it is just a picture. Try convince someone to buy NFT that you have. Because NFT is only a hype, but any altcoin it is at least an idea and attempt of a technology behind it.
I don't see NFT as a good investment in the long-term, and I don't see art value in them. So I don't really see a point in NFTs in their current state.
honestly having NFT arts valued at millions seems like absurd idea even though i honestly really like the technology of NFTs but I think it's just like some kind of manipulation, right now the value of these NFTs are falling apart mainly because of the fact that these NFTs has shown it's rather low utility I guess but hey, at least they still got their NFTs arts even though the value has sink so significantly.
I'm more inclined with the idea of NFTs being taken advantage in gaming and authenticity of products than these NFT arts honestly, the technology is awesome honestly.
I'm more inclined with the idea of NFTs being taken advantage in gaming and authenticity of products than these NFT arts honestly, the technology is awesome honestly.
NFT arts could easily be imitated so I don't really see that its value is worth it. I would rather use my funds in investing with good coins than purchasing NFT digital arts. NFTs are also having a hard time dealing with the market situation so, despite the potential, they couldn't rise and strike a good position in the market. It may take time before they reach a good spot because they will surely just get along with the market recovery period.
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I won't even be surprised if some random investor of NFTs just bought a "dick" art in some random site that can just be replicated easily through MS Paint. There are a lot of people that are having misconception between NFTs and digital art and they seem to merge the meaning between the two.Not sure how do those buyers think of its future value, but surely it will still look the same anyway regardless.
If I wanted to buy some digital arts, I would just hire a digital artist and get it in a "appropriate" price.
NFT is a huge swamp. doomloop, show me please something worth investing. I think only "Bored Ape Yacht Club» are the one who still keep high price, everything else, that used to be on hype have lost their value. I see no future for NFT as an instrument of investment. Even bear market with «discount prices» does not create NFT as a great investment. Imho, right now they are more like fun pictures, then something valuable. It was already said many times - NFT hype is gone.
That's weird way to put it, because you might as was say "show me something worth investing in altcoins". Because if you treat NFTs as one thing when it's actually huge amount of of projects, sure, most of them are garbage, but you might as well say that you don't see future in cryptocurrencies. Because also in those, 99% are not worth investing. Same things apply. And if you are talking about real world use cases; aside from form of payment, most altcoins don't have those either.
NFT is a huge swamp. doomloop, show me please something worth investing. I think only "Bored Ape Yacht Club» are the one who still keep high price, everything else, that used to be on hype have lost their value. I see no future for NFT as an instrument of investment. Even bear market with «discount prices» does not create NFT as a great investment. Imho, right now they are more like fun pictures, then something valuable. It was already said many times - NFT hype is gone.
If you're looking for a long-term investment, the NFT isn't a good fit, and you're asking which NFTs are valuable during bear season, which is unreasonable. Since even projects that people call potential are struggling, you can't ask for a potential NFT at this stage.
For me, the old NFT projects are almost dead, but the NFT trend is not dead or gone, they will come back when the bull season returns. And I'm here to make a profit, as long as something can be profitable, I won't take it lightly.
NFT is a huge swamp. doomloop, show me please something worth investing. I think only "Bored Ape Yacht Club» are the one who still keep high price, everything else, that used to be on hype have lost their value. I see no future for NFT as an instrument of investment. Even bear market with «discount prices» does not create NFT as a great investment. Imho, right now they are more like fun pictures, then something valuable. It was already said many times - NFT hype is gone.
Yes, this is the sad part. NFTs today are worthless since a lot of scammers are joining in and tricking people which is the part it goes down, even though more celebrities are into this kind of art but it will not get hype again just like the last time. NFTs are really worth it if you are really into art and not worrying about the fund you spend.
even if your into art, I doubt you just gonna waste millions of money and then just seeing this turns into nothing, these NFT quite literally hast lost so much of volume that I don't think it's even worth it even if you really fancy arts, moreover the art in NFT usually isn't really art, I think it's more of famous trend that many is riding and at the end of the day it's sinking because the market is seeking for the bigger fool that gonna lose even bigger money.A lot of NFTs lost so much volume but that is expected already because people are only driven by the hype in recent times but most of them have finally woken up from the truth that there are no real benefits from buying and holding an NFT. They can in fact lose money in the process because the demand for NFTs will only get lesser from time to time.
I mean with those digital images, any freelancing graphic designer could have done most of the "image" NFTs. For paintings, I would prefer getting the physical art itself rather than just the digital ones that could be sold in OpenSea. I read before that those bought "physical" paintings in NFTs that were digitalized are burned in regards of the purchase of the buyer (not sure if this was exactly what it said since I read it long time ago), but that does not make it any better than just buying it personally.
I even hear those NFTs being used in games as well.
NFT in games is now widely used. even the prices are crazy when the NFT hype. But now let's see together, the decline in the NFT market is also quite crazy. I even have some NFTs that are pretty decently priced and haven't been able to sell them yet. Eventually, the NFT will just be a Digital display in my wallet. The NFT hype is over and those buying at the price just need to be patient. I even hear those NFTs being used in games as well.
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I mean with those digital images, any freelancing graphic designer could have done most of the "image" NFTs. For paintings, I would prefer getting the physical art itself rather than just the digital ones that could be sold in OpenSea. I read before that those bought "physical" paintings in NFTs that were digitalized are burned in regards of the purchase of the buyer (not sure if this was exactly what it said since I read it long time ago), but that does not make it any better than just buying it personally.I even hear those NFTs being used in games as well.
Not all NFTs are worth buying, but I can agree that there are some valuable NFT creations.
If we browse in OpenSea, there are a lot of artworks that are expensive, and you will wonder why.
For buyers, I suggest, think of its possible future value. Don't just buy because it seems expensive today.
I believe, most of those artworks will be worthless in the future as no one wants to buy it anymore.
As you said, you would prefer a physical art as compared to digital art. Most people still see that it is worth buying a physical art.
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I mean with those digital images, any freelancing graphic designer could have done most of the "image" NFTs. For paintings, I would prefer getting the physical art itself rather than just the digital ones that could be sold in OpenSea. I read before that those bought "physical" paintings in NFTs that were digitalized are burned in regards of the purchase of the buyer (not sure if this was exactly what it said since I read it long time ago), but that does not make it any better than just buying it personally.I even hear those NFTs being used in games as well.
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