NFTs aren't just there yet - page 2.

justdimin

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Quote from: Ezravdb on May 06, 2022, 12:14:33 AM

Quote from: FirmWars on May 03, 2022, 10:26:58 AM

Someone I knew took pictures of a random person and sell it on open sea, the crazy thing is someone actually bought the pictures, this is just stupid honestly but who wouldn't want to make money just because something looks so stupid? I am not going to wait around and keep condemning NFTs when I can make money out of them.

Actually it's not stupid because everyone always judges works of art differently through their views, so that every work of art in the form of a photo does not deserve to be called stupid, especially since the photo can also be used for promotional events.
So as long as it can still be useful, then it's not stupid but on the contrary, especially if you can make money with it.

You are right, however look at how the NFT world has been approaching the "art" side of things. As you may have seen, there are so many things that are not artsy and make no sense that went up a lot. Crypto punks, apes, all of that have absolutely no reason to be as high as it is right now.

Most probably they are just money laundering or fake pumped to be that high, otherwise it makes no sense for such an "art" to be that high. Do you really see any value in these images? I personally do not and I fear that people have overpriced them heavily and they will end up losing so much because of this, their investments will erode overtime for sure.

tvplus006

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Quote from: Victorik on May 02, 2022, 11:23:02 AM

Am I the only one who do not have much interest in this NFTs. I am still yet to understand and comprehend exactly what it is. I don't just know why I don't like it. Anyway, I guess I have to follow the trend and not fight it.

I think I understand your concerns about NFT, since I myself very often fall into a stupor when I see that the cost of Jpeg is hundreds of thousands, and sometimes millions of dollars, which actually have no artistic value. But nevertheless, I have a few NFT stored in my wallet, which may have value in the future.

Leo

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Quote from: JangoUnchained on May 02, 2022, 07:55:08 AM

Ape got hacked and many NFTs we're stolen, yet we saw many spending hundreds of dollars for gas fee to buy yacht club NFT the other day, are people dense or what? This shows how unsecured NFTs are isn't it? Other than playing all those play to earn NFT games I have no reason to be this serious with NFTs, I just feel like NFTs aren't there yet, maybe they will some day.

Ape got hacked and still yet lots of people are still buying, reason is because it has a use case, buy nft that has utility and you will be glad you did, token and coins are being hacked too, you cannot judge that coin and token are not there yet. No doubt there are lots of scam nft just like we have scam coin and token. Most of these creators that have a scam nft projects buy and sell their own Nft's to themselves, multiple times, using different accounts, just to give the impression that the image has some sort of value to it, to lure people that will fall for it and buy at the outrageous amount they've set. Unless the Nft has a tangible use case like in gaming, tickets etc don't waste your money buying.

Ezravdb

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Quote from: FirmWars on May 03, 2022, 10:26:58 AM

Someone I knew took pictures of a random person and sell it on open sea, the crazy thing is someone actually bought the pictures, this is just stupid honestly but who wouldn't want to make money just because something looks so stupid? I am not going to wait around and keep condemning NFTs when I can make money out of them.

Actually it's not stupid because everyone always judges works of art differently through their views, so that every work of art in the form of a photo does not deserve to be called stupid, especially since the photo can also be used for promotional events.
So as long as it can still be useful, then it's not stupid but on the contrary, especially if you can make money with it.

jrrsparkles

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Quote from: JangoUnchained on May 02, 2022, 07:55:08 AM

Ape got hacked and many NFTs we're stolen, yet we saw many spending hundreds of dollars for gas fee to buy yacht club NFT the other day, are people dense or what? This shows how unsecured NFTs are isn't it? Other than playing all those play to earn NFT games I have no reason to be this serious with NFTs, I just feel like NFTs aren't there yet, maybe they will some day.

Influencers are keep bumping for NFTs so investors are ready to invest because these people are recommending and vouching for such investment. Those investors may not aware of what is actually happening in the market because most of them were busy with lots of stuffs so they beleive what the advisors and influencers are telling to them.

Rampagoe004

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I am not too sure about nft projects in the future although currently some NFT projects we can rely on but there are still many things that we have to consider with the project for the future, and to find safety then I focus more on altcoin projects that have potential despite the current market situation but in the future have high hopes of profit, if indeed nft apes can be hacked then this project is very risky.

Lagduf

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just have something to do with the fact that NFT is still rather immature, it’s a new technology after all and a new technology tends to have vulnerability.
I think in the future it’s gonna be a lot more secured and this requires intensive development as it’s financial technology that have something to do with the masses and related with money.
it’s just like how most of the cryptocurrency based technology are, they gonna develop slowly but sure and become more and more mature technology and reach the treshold of this thing you call “aren’t there yet”
it’s matter of time after all.

Razanm90

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I’ve read all of your opinions about the NFT and I agree with some of them, especially about the NFT’s security. If you invest in NFT, you need to be careful. I think that the future is in NFT-based games, because many people like to play. Therefore if you play and make money from it, it’s double the fun. I’m currently actively following-up one interesting NFT project “Reptile Chronicles”. The universe has a deep lore, that surprised me. Also I love card games like HS and Gwent, so I’m really looking forward for the release of this game.

death69

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Quote from: JangoUnchained on May 02, 2022, 07:55:08 AM

Ape got hacked and many NFTs we're stolen, yet we saw many spending hundreds of dollars for gas fee to buy yacht club NFT the other day, are people dense or what? This shows how unsecured NFTs are isn't it? Other than playing all those play to earn NFT games I have no reason to be this serious with NFTs, I just feel like NFTs aren't there yet, maybe they will some day.

It is just a hype that caused people insane, just like what smart contract did in 2017. All of those "buzzwords" , innovation technologies make people think that they are on the right track, they are pioneer investors which turns out to be a huge deception. Just look around you, and think about the smallest NFTs implementation you can imagine. How can we use it in real life? Will it change our life? Does it bring any benefit to the poor or the workforce? Definitely no.

Your money your choice. I only invest in those NFTs because I like to make money with the trend. But we must keep our mind clear that there is no significant insight at all. Everything is just exaggerated. Be a smart investor

FirmWars

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Quote from: DeathAngel on May 02, 2022, 11:59:34 AM

I just think that NFT’s are this cycles version of last cycles ICO boom & bust. Let’s be honest, who wants to pay hundreds of thousands of $ for a stupid JPG image, it’s ridiculous. I think a lot of ballers were selling NFTs to themselves to launder money but also increase the supposed worth of said NFT for the next potential sale. When you have celebs & influencers buying them for stupid money there is always the chance some other high net worth moron will follow them.

If I was you, I would be looking to invest in bitcoin & other leading alts. NFTs are a passing phase, they have no utility & no future use case.

Someone I knew took pictures of a random person and sell it on open sea, the crazy thing is someone actually bought the pictures, this is just stupid honestly but who wouldn't want to make money just because something looks so stupid? I am not going to wait around and keep condemning NFTs when I can make money out of them.

killerfrost

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Quote from: JangoUnchained on May 02, 2022, 07:55:08 AM

Ape got hacked and many NFTs we're stolen, yet we saw many spending hundreds of dollars for gas fee to buy yacht club NFT the other day, are people dense or what? This shows how unsecured NFTs are isn't it? Other than playing all those play to earn NFT games I have no reason to be this serious with NFTs, I just feel like NFTs aren't there yet, maybe they will some day.

The fact that new projects have been constantly attacked recently makes me have a very negative view of products that have not yet reached the level of security, but manufacturers just want to speed up bringing products to market as soon as possible. good. This is also deplorable when projects are of such great value that they ignore the protection steps to keep users and projects safe. As for the case of APE alone, I don't think there's too much to worry about because with the success that the project is having, it is also showing a clear trend, so please be more patient and everything will be fine soon.

Questat

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Quote from: VanityWallets2015 on May 03, 2022, 06:43:59 AM

I just heard before that the APE is pumping and now they get hacked? I don't think NFT are reliable and way back before, I already have doubts about this and didn't proceed in jumping into the hypes until now but it seems that the investors are not concerned about what happened which I think they should be concerned as they are an investors and should be aware in this type of news.

No one in crypto guarantees 100% security and even known exchanges are targets for hackers. But I suspected that APE Yacht has been too careless or their security system isn't strong enough that can easily be cracked by hackers that cause big losses. This is what we called risk in depositing our funds to exchanger as they are the most target of these people.

However, this means that its losses its credibility unless lapses have been too bold to see. But to a matter that was only an accident, I don't think we have to lose our trust.

Ezravdb

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Quote from: cloudfir3e on May 03, 2022, 06:30:49 AM

I was interested in NFT around the end of 2021 then I started hunting for NFT on Twitter airdrops, it hasn't been sold until now

That means you are hunting for NFTs that have no value so the time you spent hunting NFTs in the past has been wasted and now try to hunt for better tokens and coins so that your time becomes very valuable when you can make a very good profit.

VanityWallets2015

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I just heard before that the APE is pumping and now they get hacked? I don't think NFT are reliable and way back before, I already have doubts about this and didn't proceed in jumping into the hypes until now but it seems that the investors are not concerned about what happened which I think they should be concerned as they are an investors and should be aware in this type of news.

cloudfir3e

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I was interested in NFT around the end of 2021 then I started hunting for NFT on Twitter airdrops, it hasn't been sold until now

indo1

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NFT has not yet reached perfection or its development is not yet final. Everyone is still trying to develop NFT with various problems that exist in NFT, including their security. In any case, NFT's security is very vulnerable, we haven't even seen any NFT project that guarantees the security of its users, we only get security based on the blockchain program code without any strengthened security. Besides that, I think the attackers in NFT are like top class hackers who are great at finding loopholes, if you buy NFT you have to be really careful about keeping it.

Blowon

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I believe that NFT is different, the security is different, the blockchain code is made in such a way with high enough security. Especially if it has a large utility at a high price, such as NFT for yacht charter, surely they have prepared everything including security and those who bought it at such a high price must have considered this before buying it. What happened about the APE NFT event might be a hacker class or, or those who really understand the APE system itself, I don't think all NFTs have the same security because if that happened, everyone would never buy NFT.

StarKay

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Quote from: JangoUnchained on May 02, 2022, 07:55:08 AM

Ape got hacked and many NFTs we're stolen, yet we saw many spending hundreds of dollars for gas fee to buy yacht club NFT the other day, are people dense or what? This shows how unsecured NFTs are isn't it? Other than playing all those play to earn NFT games I have no reason to be this serious with NFTs, I just feel like NFTs aren't there yet, maybe they will some day.

It is always good to be a part of an upcoming project although risky but also very rewarding if successful.

NFTs are not there yet means there is an opportunity for you to join early, you just have to do your due diligence and also invest wisely to reduce the risk of losing your investment.

Yogee

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Quote from: JangoUnchained on May 02, 2022, 07:55:08 AM

..... Other than playing all those play to earn NFT games I have no reason to be this serious with NFTs, I just feel like NFTs aren't there yet, maybe they will some day.

That's alright if you feel that way. I also do not see much value in most NFTs yet or I think they are still sold at a price that are higher than what I think is their actual value. Just sit back and let the whales play the game for a while.

sheenshane

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IMO, when there's a hype project (like NTFs) it's always prone to hack or project itself turn into a scam, that's why those NTF projects don't have a real concept were usually considered as scam. I think only P2E games have a better concept on this NTF because they have a real use which is everyone has been tried through Axie Infinity which is everyone has profited already.

I also think that there are some NTF projects belong to the pump and dump price which is obviously a scam.

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