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Topic: "NFTs are overrated, over valued and nothing but useless tech fetishism" (Read 361 times)

sr. member
Activity: 882
Merit: 268
Regardless of what you say it's either overblown or overrated but the hype is proving to be enduring which makes this something worth following.
what's happening now is the fact that there are a lot of projects going on and there are still quite a lot of projects working on NFT which makes this even though it's hated but of course it can't be abandoned
full member
Activity: 2128
Merit: 180
Let's be honest, from all the aspects you are mentioning.

Do we really need NFTs or not? IMO, we don't need NFTs at all like the example of the case "Gaming" even Steam or some developer don't want their game using NFT. Like, we already bought the game and we must buy the item asset to play the game with potential risk of our asset.

To much things using NFTs, while the reality you don't need at all.
im not agree, if you buy p2e nft, you don't need to pay for game and mostly majority of games build on D2W (donate to win), but here you can make a profit from a game and not all nfts build that if you have better art, you have more stronger character or less, so I found it kinda interesting, at least its better than buy bored apes
NFTs is a great revolution, despite of its hype right now some projects are still worth to buy. Though with the art one, I think those who appreciate art can buy it and of course those who believe that those NFTs will rise can also buy. We’ve seen a lot of weird art to be sold at a huge value, if you are lucky enough to have one then that could be a great investment for you. NFTs will stay, the hype will surely keep them alive.
newbie
Activity: 70
Merit: 0
Let's be honest, from all the aspects you are mentioning.

Do we really need NFTs or not? IMO, we don't need NFTs at all like the example of the case "Gaming" even Steam or some developer don't want their game using NFT. Like, we already bought the game and we must buy the item asset to play the game with potential risk of our asset.

To much things using NFTs, while the reality you don't need at all.
im not agree, if you buy p2e nft, you don't need to pay for game and mostly majority of games build on D2W (donate to win), but here you can make a profit from a game and not all nfts build that if you have better art, you have more stronger character or less, so I found it kinda interesting, at least its better than buy bored apes
legendary
Activity: 2576
Merit: 1875
Leading Crypto Sports Betting & Casino Platform
Is how people commonly take NFTs as.

And I'm like, really now?

Look, it is pretty obvious that as long as there is interest, there will be demand, and with demand, there will be traffic then money. This is what NFTs nowadays capitalize on. The hype of the "New Thing." Which are seen by close minded people as the title which is only the surface.
This is nothing too complicated but most still can't manage to see this.

What makes NFTs important and revolutionary is not just the art and the games that we see nowadays. There is so much more to NFTs than just that. While it is evident that crypto related games today are mostly ugly and are reliant on profits, it doesn't mean it'll stay like that forever. And the art? It won't be just the custom made apes and monkeys that aren't even that great to be appreciated as true art. How they skyrocket in prices is beyond me. But hey, each to his own, just as how anyone has their own fetishes. Just saying that if these type of arts are already being appreciated this much today, what more in the future?

The main point is that most people failed to take into consideration that the NFT industry is still in its infancy. Honestly, the way I see it, the huge potential of NFTs when it finally matures is unfathomable.

Things we should be excited about with the NFT industry in the coming years :

- Gaming : When games finally become truly fun and not only profitable. Which would rake in the multi billion dollar gaming industry outside the crypto space.

- Arts and multimedia :
* historical arts * - When historical arts like the starry night, Guernica etc., get approval from owners and museums to be produced as an NFT to reach many more people that appreciate its art and historical significance, it will be massive!

 * Music and other media * - Just like how television and radio were over taken by smartphones and computers, multimedia NFTs will overtake the likes of Spotify, iTunes and other paid streaming services. Just a few days ago, I came across an article about the experience of a composer/musician in the world of NFTs and he has earned more than he has using these streaming apps. What's best is that artists like him doesn't have to surrender the rights to their works anymore. The guy is now making 85% of his living off NFTs. And he's just one of the many that are in the MultiMedia side of NFTs today plus there are more that are considering this alternative as well. In fact, here in my country a couple of celebrities/musicians/influencers have just coordinated with a developer and started a project where they create a platform that caters to artists and content creators that want to venture in the NFT space. Just imagine what'll happen if more celebrities decide to jump into these platforms in the coming years!

- Other utilities : Being used as tickets to concerts and more which already happened a few times already. Souvenirs from specific shops, memorabilia from iconic stars and athletes and so much more!


#Moral : Do not be easily satisfied with what you know. Do not close your doors to possibilities and be ready to throw some knowledge in order to make space for new and better ones.

- P.s. I may have missed some info but I think you guys pretty much understand the value of NFTs.

- PP.s. If you were interested with this topic, then come check this one as well : SocialFi Discussion Thread. I would really love to see your thoughts and would really appreciate them. Smiley

I think that NFT Gaming has a great future in nearly future. So we must invest in the NFT gaming industry. When you can play and earn some profit from it, it is to enjoy your fun twice. I am searching for good NFT-based games now. I recently have seen a post on Reddit about the project "Reptile Chronicles". Have you heard about this project? What do you think about that? I was most surpassed by the lore, everything was so detailed. I hope to hear your thoughts about this project.

Right now I think it's really hard to believe in NFT games. perhaps for the games they would be in the field of the metaverses and that with great care, but not everything is for the metaverses, on a platform here in casinos they are implementing everything that has to do with NFTs and they have been very successful, The good thing is that these NFTs do not have the risk of becoming scams or something similar for the simple fact that they are well supported by the company, something that gives players and investors a lot of confidence, I think that in that way everything can be taken advantage of whatever it has to do with NFTs.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
I think that NFT have a great future. I have several NFTs. I am sure that some of them will turn into a good profit. The important thing here is that you must invest wisely because most of the people just follow the hype of NFT. Also I tnink the future is in NFT-based games. At present I am following the project "reptile chronicles". I'm interested in this project because it has its own deep lore and the game will be like Terraria. Therefore I'm really looking forward for the release of this game.
Indeed they do have a great future. I have a few of them that I am holding right now and I am believing that in the future these NFTs are going to be worth several more than what I have purchased them. NFT has been really useful in lots of ways and has benefited so many people around the world.

I have seen a lot of artists who has been able to sell their arts for a price that is well worth it through NFT, and most of them are people who wouldn’t have been able to achieve that if there was nothing like NFT. So we should appreciate that.

the future value of the NFT depends on the NFT itself. we have no idea where NFT market will be few years down the line. but i think, if you have some NFT collections, don't always expect that those will fetch a good price in the future. some of them will be worthless. also, think that not all people are interested in nft, so when it comes time for you to sell, remember, it would take time for you to find a person that will be interested also with your item, if there's any.
newbie
Activity: 42
Merit: 0
Is how people commonly take NFTs as.

And I'm like, really now?

Look, it is pretty obvious that as long as there is interest, there will be demand, and with demand, there will be traffic then money. This is what NFTs nowadays capitalize on. The hype of the "New Thing." Which are seen by close minded people as the title which is only the surface.
This is nothing too complicated but most still can't manage to see this.

What makes NFTs important and revolutionary is not just the art and the games that we see nowadays. There is so much more to NFTs than just that. While it is evident that crypto related games today are mostly ugly and are reliant on profits, it doesn't mean it'll stay like that forever. And the art? It won't be just the custom made apes and monkeys that aren't even that great to be appreciated as true art. How they skyrocket in prices is beyond me. But hey, each to his own, just as how anyone has their own fetishes. Just saying that if these type of arts are already being appreciated this much today, what more in the future?

The main point is that most people failed to take into consideration that the NFT industry is still in its infancy. Honestly, the way I see it, the huge potential of NFTs when it finally matures is unfathomable.

Things we should be excited about with the NFT industry in the coming years :

- Gaming : When games finally become truly fun and not only profitable. Which would rake in the multi billion dollar gaming industry outside the crypto space.

- Arts and multimedia :
* historical arts * - When historical arts like the starry night, Guernica etc., get approval from owners and museums to be produced as an NFT to reach many more people that appreciate its art and historical significance, it will be massive!

 * Music and other media * - Just like how television and radio were over taken by smartphones and computers, multimedia NFTs will overtake the likes of Spotify, iTunes and other paid streaming services. Just a few days ago, I came across an article about the experience of a composer/musician in the world of NFTs and he has earned more than he has using these streaming apps. What's best is that artists like him doesn't have to surrender the rights to their works anymore. The guy is now making 85% of his living off NFTs. And he's just one of the many that are in the MultiMedia side of NFTs today plus there are more that are considering this alternative as well. In fact, here in my country a couple of celebrities/musicians/influencers have just coordinated with a developer and started a project where they create a platform that caters to artists and content creators that want to venture in the NFT space. Just imagine what'll happen if more celebrities decide to jump into these platforms in the coming years!

- Other utilities : Being used as tickets to concerts and more which already happened a few times already. Souvenirs from specific shops, memorabilia from iconic stars and athletes and so much more!


#Moral : Do not be easily satisfied with what you know. Do not close your doors to possibilities and be ready to throw some knowledge in order to make space for new and better ones.

- P.s. I may have missed some info but I think you guys pretty much understand the value of NFTs.

- PP.s. If you were interested with this topic, then come check this one as well : SocialFi Discussion Thread. I would really love to see your thoughts and would really appreciate them. Smiley

I am in love in NFT and I am believing that NFT have a great future. I made a great profit from NFT, it is a good way to investment. I am involved in one interesting NFT project "reptile chronicles", they are have such a good arts and novels. Have you heard about this project?  Smiley
hero member
Activity: 2688
Merit: 588
I think that NFT have a great future. I have several NFTs. I am sure that some of them will turn into a good profit. The important thing here is that you must invest wisely because most of the people just follow the hype of NFT. Also I tnink the future is in NFT-based games. At present I am following the project "reptile chronicles". I'm interested in this project because it has its own deep lore and the game will be like Terraria. Therefore I'm really looking forward for the release of this game.
Indeed they do have a great future. I have a few of them that I am holding right now and I am believing that in the future these NFTs are going to be worth several more than what I have purchased them. NFT has been really useful in lots of ways and has benefited so many people around the world.

I have seen a lot of artists who has been able to sell their arts for a price that is well worth it through NFT, and most of them are people who wouldn’t have been able to achieve that if there was nothing like NFT. So we should appreciate that.
newbie
Activity: 70
Merit: 0
Is how people commonly take NFTs as.

And I'm like, really now?

Look, it is pretty obvious that as long as there is interest, there will be demand, and with demand, there will be traffic then money. This is what NFTs nowadays capitalize on. The hype of the "New Thing." Which are seen by close minded people as the title which is only the surface.
This is nothing too complicated but most still can't manage to see this.

What makes NFTs important and revolutionary is not just the art and the games that we see nowadays. There is so much more to NFTs than just that. While it is evident that crypto related games today are mostly ugly and are reliant on profits, it doesn't mean it'll stay like that forever. And the art? It won't be just the custom made apes and monkeys that aren't even that great to be appreciated as true art. How they skyrocket in prices is beyond me. But hey, each to his own, just as how anyone has their own fetishes. Just saying that if these type of arts are already being appreciated this much today, what more in the future?

The main point is that most people failed to take into consideration that the NFT industry is still in its infancy. Honestly, the way I see it, the huge potential of NFTs when it finally matures is unfathomable.

Things we should be excited about with the NFT industry in the coming years :

- Gaming : When games finally become truly fun and not only profitable. Which would rake in the multi billion dollar gaming industry outside the crypto space.

- Arts and multimedia :
* historical arts * - When historical arts like the starry night, Guernica etc., get approval from owners and museums to be produced as an NFT to reach many more people that appreciate its art and historical significance, it will be massive!

 * Music and other media * - Just like how television and radio were over taken by smartphones and computers, multimedia NFTs will overtake the likes of Spotify, iTunes and other paid streaming services. Just a few days ago, I came across an article about the experience of a composer/musician in the world of NFTs and he has earned more than he has using these streaming apps. What's best is that artists like him doesn't have to surrender the rights to their works anymore. The guy is now making 85% of his living off NFTs. And he's just one of the many that are in the MultiMedia side of NFTs today plus there are more that are considering this alternative as well. In fact, here in my country a couple of celebrities/musicians/influencers have just coordinated with a developer and started a project where they create a platform that caters to artists and content creators that want to venture in the NFT space. Just imagine what'll happen if more celebrities decide to jump into these platforms in the coming years!

- Other utilities : Being used as tickets to concerts and more which already happened a few times already. Souvenirs from specific shops, memorabilia from iconic stars and athletes and so much more!


#Moral : Do not be easily satisfied with what you know. Do not close your doors to possibilities and be ready to throw some knowledge in order to make space for new and better ones.

- P.s. I may have missed some info but I think you guys pretty much understand the value of NFTs.

- PP.s. If you were interested with this topic, then come check this one as well : SocialFi Discussion Thread. I would really love to see your thoughts and would really appreciate them. Smiley
yeah, I agree, that's why im looking for p2e nfts, and find one which has potential for a long term investments, its named "reptile chronicles", their media coverage are good, novel what they did are cool, and game they are working on is based on the novel which they do, top-notch quality, and features as 10k for rare nft, 1% of market sales for legendary, etc.
newbie
Activity: 42
Merit: 0
Is how people commonly take NFTs as.

And I'm like, really now?

Look, it is pretty obvious that as long as there is interest, there will be demand, and with demand, there will be traffic then money. This is what NFTs nowadays capitalize on. The hype of the "New Thing." Which are seen by close minded people as the title which is only the surface.
This is nothing too complicated but most still can't manage to see this.

What makes NFTs important and revolutionary is not just the art and the games that we see nowadays. There is so much more to NFTs than just that. While it is evident that crypto related games today are mostly ugly and are reliant on profits, it doesn't mean it'll stay like that forever. And the art? It won't be just the custom made apes and monkeys that aren't even that great to be appreciated as true art. How they skyrocket in prices is beyond me. But hey, each to his own, just as how anyone has their own fetishes. Just saying that if these type of arts are already being appreciated this much today, what more in the future?

The main point is that most people failed to take into consideration that the NFT industry is still in its infancy. Honestly, the way I see it, the huge potential of NFTs when it finally matures is unfathomable.

Things we should be excited about with the NFT industry in the coming years :

- Gaming : When games finally become truly fun and not only profitable. Which would rake in the multi billion dollar gaming industry outside the crypto space.

- Arts and multimedia :
* historical arts * - When historical arts like the starry night, Guernica etc., get approval from owners and museums to be produced as an NFT to reach many more people that appreciate its art and historical significance, it will be massive!

 * Music and other media * - Just like how television and radio were over taken by smartphones and computers, multimedia NFTs will overtake the likes of Spotify, iTunes and other paid streaming services. Just a few days ago, I came across an article about the experience of a composer/musician in the world of NFTs and he has earned more than he has using these streaming apps. What's best is that artists like him doesn't have to surrender the rights to their works anymore. The guy is now making 85% of his living off NFTs. And he's just one of the many that are in the MultiMedia side of NFTs today plus there are more that are considering this alternative as well. In fact, here in my country a couple of celebrities/musicians/influencers have just coordinated with a developer and started a project where they create a platform that caters to artists and content creators that want to venture in the NFT space. Just imagine what'll happen if more celebrities decide to jump into these platforms in the coming years!

- Other utilities : Being used as tickets to concerts and more which already happened a few times already. Souvenirs from specific shops, memorabilia from iconic stars and athletes and so much more!


#Moral : Do not be easily satisfied with what you know. Do not close your doors to possibilities and be ready to throw some knowledge in order to make space for new and better ones.

- P.s. I may have missed some info but I think you guys pretty much understand the value of NFTs.

- PP.s. If you were interested with this topic, then come check this one as well : SocialFi Discussion Thread. I would really love to see your thoughts and would really appreciate them. Smiley

I think that NFT have a great future. I have several NFTs. I am sure that some of them will turn into a good profit. The important thing here is that you must invest wisely because most of the people just follow the hype of NFT. Also I tnink the future is in NFT-based games. At present I am following the project "reptile chronicles". I'm interested in this project because it has its own deep lore and the game will be like Terraria. Therefore I'm really looking forward for the release of this game.
legendary
Activity: 2534
Merit: 1338
I must be clear about this, in as much as I don't have any NFTS in my possession. I still believe that NFTs has some usefulness in Crypto-currency, I have seen videos, read articles and listened to stories of ordinary people whose lives were positively changed through NFTS. Although now, NFTS sector has been tampered with negatively by the influx of many projects wanting to launch their own NFTS, this has dropped a high standard that NFTS had created a long time ago.
There’s a lot of good impact provided by NFTs in this market despite of its hype though I agree that some are useless because of no utility at all but still as long as someone is willing to buy and invest on NFTs, I believe it will continue its trend. Yes, there’s a lot of projects want to come into this market but it doesn’t mean that you will invest to all of those projects, just choose the best option and you can be good. I still see NFTs to rise as well when the market recovers, just wait for the new trend.
At least in my case my main complain about NFTs are not the NFTs themselves but everything that surrounds them, the NFT technology seems to have some usefulness and as time passes more uses could be discovered for this new technology, however the problem is that scammers have taken over the market and now a great deal of the NFTs that you can buy are completely worthless, so it is really difficult to find one that may hold value for the long term, and with this in mind I prefer to stay away from them as I am not confident enough in my skills to select the right NFT.
newbie
Activity: 42
Merit: 0
Is how people commonly take NFTs as.

And I'm like, really now?

Look, it is pretty obvious that as long as there is interest, there will be demand, and with demand, there will be traffic then money. This is what NFTs nowadays capitalize on. The hype of the "New Thing." Which are seen by close minded people as the title which is only the surface.
This is nothing too complicated but most still can't manage to see this.

What makes NFTs important and revolutionary is not just the art and the games that we see nowadays. There is so much more to NFTs than just that. While it is evident that crypto related games today are mostly ugly and are reliant on profits, it doesn't mean it'll stay like that forever. And the art? It won't be just the custom made apes and monkeys that aren't even that great to be appreciated as true art. How they skyrocket in prices is beyond me. But hey, each to his own, just as how anyone has their own fetishes. Just saying that if these type of arts are already being appreciated this much today, what more in the future?

The main point is that most people failed to take into consideration that the NFT industry is still in its infancy. Honestly, the way I see it, the huge potential of NFTs when it finally matures is unfathomable.

Things we should be excited about with the NFT industry in the coming years :

- Gaming : When games finally become truly fun and not only profitable. Which would rake in the multi billion dollar gaming industry outside the crypto space.

- Arts and multimedia :
* historical arts * - When historical arts like the starry night, Guernica etc., get approval from owners and museums to be produced as an NFT to reach many more people that appreciate its art and historical significance, it will be massive!

 * Music and other media * - Just like how television and radio were over taken by smartphones and computers, multimedia NFTs will overtake the likes of Spotify, iTunes and other paid streaming services. Just a few days ago, I came across an article about the experience of a composer/musician in the world of NFTs and he has earned more than he has using these streaming apps. What's best is that artists like him doesn't have to surrender the rights to their works anymore. The guy is now making 85% of his living off NFTs. And he's just one of the many that are in the MultiMedia side of NFTs today plus there are more that are considering this alternative as well. In fact, here in my country a couple of celebrities/musicians/influencers have just coordinated with a developer and started a project where they create a platform that caters to artists and content creators that want to venture in the NFT space. Just imagine what'll happen if more celebrities decide to jump into these platforms in the coming years!

- Other utilities : Being used as tickets to concerts and more which already happened a few times already. Souvenirs from specific shops, memorabilia from iconic stars and athletes and so much more!


#Moral : Do not be easily satisfied with what you know. Do not close your doors to possibilities and be ready to throw some knowledge in order to make space for new and better ones.

- P.s. I may have missed some info but I think you guys pretty much understand the value of NFTs.

- PP.s. If you were interested with this topic, then come check this one as well : SocialFi Discussion Thread. I would really love to see your thoughts and would really appreciate them. Smiley

I think that NFT Gaming has a great future in nearly future. So we must invest in the NFT gaming industry. When you can play and earn some profit from it, it is to enjoy your fun twice. I am searching for good NFT-based games now. I recently have seen a post on Reddit about the project "Reptile Chronicles". Have you heard about this project? What do you think about that? I was most surpassed by the lore, everything was so detailed. I hope to hear your thoughts about this project.
legendary
Activity: 3010
Merit: 1156
Leading Crypto Sports Betting & Casino Platform
Let's be honest, from all the aspects you are mentioning.

Do we really need NFTs or not? IMO, we don't need NFTs at all like the example of the case "Gaming" even Steam or some developer don't want their game using NFT. Like, we already bought the game and we must buy the item asset to play the game with potential risk of our asset.

To much things using NFTs, while the reality you don't need at all.

You don't NEED to buy them. but technically it would be sweet when you can design your own skins for game items and sell those in nfts. However those skin sets would need to be branded, as anyone could make same skins in the game and sell those as replicas.
sr. member
Activity: 2422
Merit: 357
I must be clear about this, in as much as I don't have any NFTS in my possession. I still believe that NFTs has some usefulness in Crypto-currency, I have seen videos, read articles and listened to stories of ordinary people whose lives were positively changed through NFTS. Although now, NFTS sector has been tampered with negatively by the influx of many projects wanting to launch their own NFTS, this has dropped a high standard that NFTS had created a long time ago.
There’s a lot of good impact provided by NFTs in this market despite of its hype though I agree that some are useless because of no utility at all but still as long as someone is willing to buy and invest on NFTs, I believe it will continue its trend. Yes, there’s a lot of projects want to come into this market but it doesn’t mean that you will invest to all of those projects, just choose the best option and you can be good. I still see NFTs to rise as well when the market recovers, just wait for the new trend.
member
Activity: 756
Merit: 16
We All Can Make It

Maybe only newbies think NFT is a bullshit mechanism.
We'd better see how far the development of NFT in the future and we'll see how many years NFT will last in the long term so that we can prove their doubts all this time.
Even though NFT technology is also as sophisticated as other blockchain technologies.

I don't think this has anything to do with the way newbies thinks, for me it is like an open secret that NFTs are mostly overrated and overvalued but I don't see it as just a useless tech fetishism.

To think that the adoption of blockchain for it's primary function as a medium of transactions is still at a low level then one has to wonder how many people uses this new application to warrant such a huge valuation. Metaverse is currently experiencing some challenges due to difficulty in age verification and the whole NFTs and Metaverse is also at the mercy of hackers.

I think developers should focus more on delivering a ready product rather than cashing out on a work-in-progress that may fail.
hero member
Activity: 1666
Merit: 709
Playbet.io - Crypto Casino and Sportsbook
I must be clear about this, in as much as I don't have any NFTS in my possession. I still believe that NFTs has some usefulness in Crypto-currency, I have seen videos, read articles and listened to stories of ordinary people whose lives were positively changed through NFTS. Although now, NFTS sector has been tampered with negatively by the influx of many projects wanting to launch their own NFTS, this has dropped a high standard that NFTS had created a long time ago.
legendary
Activity: 2534
Merit: 1338
IMO, I believe it is! because for me NFTs are just like a collector's item or a form of digital art a collection of belongings, etc, and it has no utilization and further use cases that could be applied in the real-world application. that's why I don't get where the demand coming from.

Anyway, dont get me wrong, because not all NFTs are just like that, it depends on the NFT functions and purposes because some NFTs that are related to gaming like P2E and entertainment have an impact because the gaming industry is a big industry that's why we can presume that NFT's involve in gaming purposes has a huge potential to create a real-world demand.   
I think that a great deal of the people that have been in this market for a long time can see that there is some potential when it comes to the NFTs, however we can also see that the demand such tokens are experiencing is simply not sustainable and that a great deal of those that are investing their money in different NFTs are going to lose all their money, this is why we are worried, because a great deal of newbies see NFTs as their ticket to untold riches when most likely it is their ticket to poverty.
legendary
Activity: 1932
Merit: 4602
NFT tokens are not for everyone. If we consider serious NFT ecosystems with good development prospects, then these are monkeys and clones. They have very famous developers and they have very serious partnerships. For example Clones - Nike-Takashi Murakami. There are already metaverses where you can walk with your clone, dress him in Nike sneakers and so on. But this is not for poor people. Clones or monkeys are very expensive.
hero member
Activity: 1708
Merit: 566
Leading Crypto Sports Betting & Casino Platform
It depends on what NFT we hold, but also depends on how much influence we have in spreading NFT ownership. However, I still don't have one NFT that I'm really holding onto until now. Not interested and not really going with the flow. Even though there is a lot on social media about people looking to make a profit on NFT, it doesn't mean that our fate is the same. It all comes back to the popularity of the work itself.
hero member
Activity: 3164
Merit: 675
www.Crypto.Games: Multiple coins, multiple games
so far not many music NFTs are packaged by musicians. I think this NFT can save the music industry from piracy. there are currently no worthy achievements for musicians. In the past, a musician was said to be successful when they managed to sell their songs or albums on a large scale. but now piracy is everywhere. Of course, it's costing musicians their finances.
with NFT, wouldn't there be no piracy for a work? Buyers will get original works from musicians.
I believe the development of NFT will not only grow rapidly for art and games. it all depends on how the community directs fans to enter the market.
I am pretty sure that Spotify prevented it as much as it could possibly be prevented. I mean they are not making much money from it, if you are a no-name musician and listened by others about 1 million times, you make less than 1 dollars for getting heard that much, so it is not profitable at all.

However almost all musicians care about their concerts nowadays, the records and them getting sold is not really a big deal for any of them, sure they may make "some" money but they make that much within like 3-4 concerts at that stage, sometimes they do not make any money at all from the records and only make profit thanks to the concerts. NFT doesn't really sound like it would be viable for them.
member
Activity: 280
Merit: 10
You are not 100% wrong and you are not 100% right either, there are some NFTs that makes lot of sense, I am getting rid of artists NFTs because that's where NFTs are killing NFTs to me but the idea of using some NFTs as real in-game asset is cooler than anything NFTs have to offer.
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