NFTs in the Real World - page 4. | Bitcointalksearch.org

tjtonmoy

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Quote from: deathcode on January 04, 2024, 12:16:21 AM

maybe it looks dead. but maybe it will rise in the future. As long as there is a community that brings it to life, their market will be formed. they're still around and it's entirely possible to build hype again. and when it becomes popular again, the market will breathe again.
there will still be those who come with hype and then sink. and maybe the situation will continue like that.

I'm not so sure about that tho. I don't think this NFT hype will ever occur. We have seen many price pumps and dumps recently in the market, yet no one is talking about NFTs anymore. They can not take back the hype in the market. Those who have already invested in NFTs are keeping their money in it thus still the high price. If they start to sell, there will be no value and they can't sell. No one is offering anything for those NFTs.
There was a wave of NFT and not it has gone away.
Can't tell what the future holds for us. Maybe you are right or maybe I am right. We can only just predict what might happen.

zasad@

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Quote from: anushkasachith888 on January 03, 2024, 03:31:17 AM

NFTs have taken the digital world by storm. How do you envision non-fungible tokens impacting industries beyond art and gaming? Share your wildest NFT use-case scenarios!

I still don’t see any real and widespread use of NFTs. Sometimes I look at statistics
https://www.cryptoslam.io/
And the NFT collections in this list are constantly updated, but a lot of NFT tokens become useless garbage and pain for beginners who bought them very expensive.
The previously popular Bored Ape Yacht Club and CryptoPunks now have low liquidity. The influx of new hamsters has dried up and sales statistics are low.

deepblue01

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Quote from: uneng on January 03, 2024, 05:32:25 PM

Besides arts and gaming usage, I don't see too much utility for NFTs. Actually, even for arts it's worthless in my opinion. The only real usage for NFTs would be inside gaming industry. The concept of its implementation really made sense for me and I thought it was a great idea in theory, but in practice it didn't work as expected.

NO,That's not really true because i found something that they can bring real world item with NFT.
Check this out. https://pudgypenguins.com/
this is a toy for children, when you buy a toy you will get a pair of ntf.
there is a QR code on the toy which connect to NFT in pudgyworld

fat buddah

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Get Ready to Make money.

The only real use for NFTs I've seen is a backpack that has a screen with NFTs. But you can do that with regular pictures.

Bushdark

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Quote from: anushkasachith888 on January 03, 2024, 03:31:17 AM

NFTs have taken the digital world by storm. How do you envision non-fungible tokens impacting industries beyond art and gaming? Share your wildest NFT use-case scenarios!

The impact of NFT in the digital world is very massive and there is nothing we can do rather than to keep watching and investing if we are interested in investing in NFT market. 5here are people that had made more from the NFT market and there is still more that had lost their funds due to crash of different projects especially those ones that and lost greatly from the market.
Any investment we intend to put our money, there is need for us to watch and do a little research since we are making financial decisions.

deathcode

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Quote from: tjtonmoy on January 03, 2024, 01:36:19 PM

NFT? Aren't they dead? Well, I don't see NFT as a proper way of investment. Instead, I see them as a trend that has game and gone after some time leaving people with nothing. There was a hype at the beginning but right now I don't see much movement in the NFT market.
So them coming back for making a change or impact in the market seems like a fairy tale. The Golden era of NFT has died and I don't think it will ever come back. And it is also hard to make real life NFTs. You cannot input blockchain data in real life object. They can be cloned or copied so there's no way for a proper validation.

maybe it looks dead. but maybe it will rise in the future. As long as there is a community that brings it to life, their market will be formed. they're still around and it's entirely possible to build hype again. and when it becomes popular again, the market will breathe again.
there will still be those who come with hype and then sink. and maybe the situation will continue like that.

JeffBrad12

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Quote from: o48o on January 03, 2024, 05:50:20 PM

Quote from: pakhitheboss on January 03, 2024, 07:07:51 AM

I still don't understand why a .jpg extension image is so hyped. The hype is not even dried down in 2023 as earlier it was being speculated that NFTs won't be in business for long term. I did not follow any projects when it came in existence and I am not following any project now. My friends are still into NFT and as per their saying its hype won't go down. Not sure about the real world usage.

It's not about jpgs. NTFs and represent anything. A contract, part of code (like they already do with uniswap v3 LP), or even real world assets. Just like numbers on the screen of your investment bank can represent your bank balance and shares you have invested to. NFTs can do that with tokens you can store without any centralized service holding them. And whiile i am very skeptical about this tech and, there are lots of hurdles, especially with real world assets and ownership rights. Still i must admit, once we can (if we can) tackle those, there are no limits on what they can represent.

thats true NFT is just a piece of technology with general purpose of presenting something unique sort of identifier for unique posession of a thing quite frankly it could represent real world thing like land and so on.
the thing with NFT art that heavily associate itself with NFT technology is that its taking advantage of the term just for the sake of marketing it tries to attract as much attention as they can and try to look techy but we all know that under the hood these NFT art are just some money game and could potentially give bad reputation toward the real use case of NFT.
in my opinion we can grow NFT to have real use case to solve real world problem its just that some use case haven't found yet or not implemented yet I mean we could be using NFT technology for manufaturer to give unique identifier to each of their product to keep themselves from being cloned by random fake goods manufacturer.

o48o

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Quote from: pakhitheboss on January 03, 2024, 07:07:51 AM

I still don't understand why a .jpg extension image is so hyped. The hype is not even dried down in 2023 as earlier it was being speculated that NFTs won't be in business for long term. I did not follow any projects when it came in existence and I am not following any project now. My friends are still into NFT and as per their saying its hype won't go down. Not sure about the real world usage.

It's not about jpgs. NTFs and represent anything. A contract, part of code (like they already do with uniswap v3 LP), or even real world assets. Just like numbers on the screen of your investment bank can represent your bank balance and shares you have invested to. NFTs can do that with tokens you can store without any centralized service holding them. And whiile i am very skeptical about this tech and, there are lots of hurdles, especially with real world assets and ownership rights. Still i must admit, once we can (if we can) tackle those, there are no limits on what they can represent.

uneng

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Besides arts and gaming usage, I don't see too much utility for NFTs. Actually, even for arts it's worthless in my opinion. The only real usage for NFTs would be inside gaming industry. The concept of its implementation really made sense for me and I thought it was a great idea in theory, but in practice it didn't work as expected. NFTs have only worked for a while and due to hype. It was never about unique, original, practical and functional usecase and even if the hype resurges, it doesn't look like it's going to work for another reasons besides more temporary hype.

Every features NFTs offer to adopters can be achieved through another ways. They aren't necessary, neither accessible to the public.

Quote from: wheelz1200 on January 03, 2024, 03:43:31 PM

Like a private club access. Then there is timing certain real world asset ownership to them. Proof of ownership will be conveyed with a corresponding nft.

Yes, that could be a real usecase, but why would people seal deals through NFTs, if they can already do it traditionally using physical papers and contracts? Maybe if it decreased the bureaucracy with notary's office in the process it would make sense to adopt NFTs for this reason. Anyway, clubs memberships are not that popular nowadays, especially among the younger generations which are more connected to crypto technology. So the impact must be almost null on the bigger picture.

wheelz1200

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Quote from: anushkasachith888 on January 03, 2024, 03:31:17 AM

NFTs have taken the digital world by storm. How do you envision non-fungible tokens impacting industries beyond art and gaming? Share your wildest NFT use-case scenarios!

That's the question right, are they going to be used in real life. One way I can see them being used is in sporting or entertainment events where having specific nfts will get you unique access to where other ticket holders can not access. Like a private club access. Then there is timing certain real world asset ownership to them. Proof of ownership will be conveyed with a corresponding nft.

batang_bitcoin

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Quote from: AnonBitCoiner on January 03, 2024, 10:12:47 AM

Quote from: batang_bitcoin on January 03, 2024, 04:17:34 AM

Quote from: anushkasachith888 on January 03, 2024, 03:31:17 AM

How do you envision non-fungible tokens impacting industries beyond art and gaming? Share your wildest NFT use-case scenarios!

It has already affected a lot of things for the past years but this time? I don't think that they'll still have that much effect at all. They might still go with the same effect for some specific projects but not entirely the same that almost every NFT have value before. This time, they're just like cute digital arts that you own and will drop in value.

Hahaha bro. Indeed, NFTs are not as much hyped as they used to be. almost 99% of them are worthless or have very small value compared to when NFT was in Trending. but they ddn't go away in Split second. they dominated Crypto industry, specially web3 industry for almost more than a year.

even tho now NFT is not in that much hyped. but they are still a prominent part of today's defi and web3 world. some of them have good use cases. all of them are not just cute digital arts.

speaking of real-world use. I don't think NFTs have any real use in Real world. some artists used to incentivize their creative work using NFT. that's the only real world use I've seen of NFT.

There are still projects that are into NFT and investors as well. I think these are the people that have kept their faith on it and can't go out anymore as they're in a huge loss. But for the new investors, this is also serving them as if they're not too late anymore. I'd say that they're already too late and if there are RWA projects that makes NFTs still significant, I'll just say good luck to all of you folks with that.

deepblue01

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Quote from: avikz on January 03, 2024, 01:30:54 PM

Otherwise, it has no value. Even Cristiano Ronaldo couldn't save his own NFTs so I don't think anyone else can. So my advise is to stay out of NFTs.

It's interesting for some people. Just because they can see it although they cant touch it.
This is just my opinion because many selebrity like NFT's more than cryptocoin/token

tjtonmoy

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NFT? Aren't they dead? Well, I don't see NFT as a proper way of investment. Instead, I see them as a trend that has game and gone after some time leaving people with nothing. There was a hype at the beginning but right now I don't see much movement in the NFT market.
So them coming back for making a change or impact in the market seems like a fairy tale. The Golden era of NFT has died and I don't think it will ever come back. And it is also hard to make real life NFTs. You cannot input blockchain data in real life object. They can be cloned or copied so there's no way for a proper validation.

avikz

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Quote from: anushkasachith888 on January 03, 2024, 03:31:17 AM

NFTs have taken the digital world by storm. How do you envision non-fungible tokens impacting industries beyond art and gaming? Share your wildest NFT use-case scenarios!

And then it has died a quick death!

NFTs are the most useless things I have seen in a while. The only area it can be successful is the in-game purchases where people usually spend money to get more power or accessories.

Otherwise, it has no value. Even Cristiano Ronaldo couldn't save his own NFTs so I don't think anyone else can. So my advise is to stay out of NFTs.

AnonBitCoiner

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Quote from: batang_bitcoin on January 03, 2024, 04:17:34 AM

Quote from: anushkasachith888 on January 03, 2024, 03:31:17 AM

NFTs have taken the digital world by storm.

After they've taken the world by storm, they've been also taken away by the storm in a split second.

Quote from: anushkasachith888 on January 03, 2024, 03:31:17 AM

How do you envision non-fungible tokens impacting industries beyond art and gaming? Share your wildest NFT use-case scenarios!

It has already affected a lot of things for the past years but this time? I don't think that they'll still have that much effect at all. They might still go with the same effect for some specific projects but not entirely the same that almost every NFT have value before. This time, they're just like cute digital arts that you own and will drop in value.

Hahaha bro. Indeed, NFTs are not as much hyped as they used to be. almost 99% of them are worthless or have very small value compared to when NFT was in Trending. but they ddn't go away in Split second. they dominated Crypto industry, specially web3 industry for almost more than a year.

even tho now NFT is not in that much hyped. but they are still a prominent part of today's defi and web3 world. some of them have good use cases. all of them are not just cute digital arts.

speaking of real-world use. I don't think NFTs have any real use in Real world. some artists used to incentivize their creative work using NFT. that's the only real world use I've seen of NFT.

bluebit25

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Quote from: anushkasachith888 on January 03, 2024, 03:31:17 AM

NFTs have taken the digital world by storm. How do you envision non-fungible tokens impacting industries beyond art and gaming? Share your wildest NFT use-case scenarios!

The essence is that the hype about it has not stopped and developers around this field are still struggling to find a direction to like to think, more precisely in this field the financial factor is something that is exaggerated while others are not. Technological value is also not paid attention. I'm not sure it still has a chance to generate more attention, but from what I've experienced, I would consider it an old trend and an open field with many problems. The only time I've ever traded an NFT was for a gift from BNB, but funny enough when I put it up for $500 someone bought it, I'm not too strange about the fact that some NFTs are worth a lot, but on re-evaluation, the value of money is being underestimated. Regardless, there will still be movements that promote this field and try to apply it to things that they themselves think are cool, but the consensus of opinion does not always go in a positive direction with the hyped products.

btc78

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NFTs has allowed artists to express and explore their creative side while still earning a lot from it however if we are being honest, even NFTs does not seem the most appealing investment right now so they are really of no use to artists much anymore and even then, a lot of people just use AI to generate art so overall not much potential left in NFTs anymore to be considered purposeful in the real world

anushkasachith888

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Thank you everyone for sharing your opinions with us.

Hildentine

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I think NFT are rise there value day by day can we talk about in crypto so many projects launch there own NFT and many nfts are sell in huge amount and many nft give Airdrop in the form of tokens .
And maximum projects NFT people invest them and the future they have not any value so be careful and choose a right project otherwise you receive only loss .

GlacierBIT

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Compared to real things, nfts are similar to lottery tickets, in the real world they have been used for a very long time, it is a kind of money out of thin air. In the cryptocurrency industry, this is growing faster as ideas are easier to implement, leading to rapid growth and expansion of concepts. The NFT world continues to evolve and mature.

Topic: NFTs in the Real World - page 4. (Read 764 times)