NFTs new features on the market - page 2.

Razanm90

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Quote from: Milan1009 on March 02, 2022, 11:14:55 AM

Most of the NFT collections over the crypto space don’t have any utility whatsoever, this issue is beginning to get addressed by a few projects, like DeFiDOJO, with innovation and one of the last features released has been yNFTs (Yield NFTs), where they are trying to combine the beauty of DeFi with collections, have you put your NFTs into a good use lately? what are your thoughts about this?

The hype is not over. I am sure that it is beginning for most of the NFT projects. I am particapating in one interesting p2e game, it is called "reptile chronicles". They have such a good arts and novels. I think this project will succeed. Have you heard about that? Also they have a cool Twitter account.

funteki

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Quote from: btc_angela on March 02, 2022, 04:26:52 PM

Quote from: blockman on March 02, 2022, 03:59:17 PM

It is a fact that most of the NFTs don't really have a utility. But people are still investing in it because of the market value, it's like that after someone has purchased it, the value increases if he starts re-selling it. IMHO, not all of them have that cycle because I saw some NFTs that have been dropping in prices and there's really a market on it where it relies on. So if the market and economy of that specific NFT are strong then its price is going to be higher if it's on-demand and vice versa.

The the hype, so currently there is a huge demand and those people behind are trying to be innovated to keep the market going and alive.

But we don't know how long this hype and the hype are going to be, we all know that there is this kind of certain life span, like ICOs in 2017, IEO and other hype that died down when a new one comes along. The best thing we can do is to take advantage of what it can give us, and then move on and take profits.

I think hype isn't over its only will grow, p2e is starting to be more popular and that's only the start, projects giving so much features that hype growing every day, like one project reptile chronicles, they give 1% of all market sales for a legendary nft

wxa7115

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Quote from: Razanm90 on May 09, 2022, 06:11:40 PM

Quote from: BoringApeOfficial on March 22, 2022, 12:48:07 AM

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Guys, I am involved in some NFT projects, so I want to know your opinions about one new project "reptile chronicles".I think it has great potential and on their Discord server so mush activities for the community. What do you think about this? I will waiting for all your thoughts about it.

I have never heard of them but my recommendation is that you stay away from NFT projects for the time being, and there are two reasons for this, the first one is your level of experience, many newbies come to this market thinking about making money fast and this is why they try to invest in NFTs only to lose their money.

And the second reason is the state of the market, the market has been going down for some time which means that you need to invest in the best coins and avoid speculating at the moment, as fear is dominating the markets not greed.

Razanm90

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Quote from: BoringApeOfficial on March 22, 2022, 12:48:07 AM

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Guys, I am involved in some NFT projects, so I want to know your opinions about one new project "reptile chronicles".I think it has great potential and on their Discord server so mush activities for the community. What do you think about this? I will waiting for all your thoughts about it.

wxa7115

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Quote from: justdimin on May 06, 2022, 06:33:22 PM

Quote from: domoy77 on May 06, 2022, 12:37:43 AM

Quote from: TopT3ns on May 02, 2022, 12:40:26 PM

I hope what you say can come true because if there is no development it will make NFT investors bored and not make them interested anymore, NFT is still a trend that is very much talked about among cryptocurrency collections.

It seems that it will be very difficult for NFT to get better developments under current conditions because almost all projects are experiencing difficulties, as well as the market and marketing of some new products so that it will still take a long time if developers like NFT are serious about improving further development.

It's going to be harder and harder to find proper projects in the NFT space, because of the high supply these days. You have to remember that demand is not increasing that much, even dropping a bit each day, whereas the supply is getting easier and easier.

I mean you could literally spend a few thousand dollars into getting art made and then get the codes done, if something is that simple then it's going to be quite the challenge for it to keep getting the same level of interest. This is why better and bigger developments matter a lot, it will give people some understanding of what's going on and they will make some profits based on the improvements.

Not only that, currently we are experiencing an important drop in the price of most coins in the market, and when that happens and uncertainty takes place people have the tendency to move to safer investments, like stable coins, bitcoin or go back to fiat.

Right now there are not a lot of people that are looking to invest in NFTs as they are incredibly risky and the chances that you are going to find a buyer for your NFT once you want to sell are on the low side if the market keeps moving this way.

justdimin

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Quote from: domoy77 on May 06, 2022, 12:37:43 AM

Quote from: TopT3ns on May 02, 2022, 12:40:26 PM

I hope what you say can come true because if there is no development it will make NFT investors bored and not make them interested anymore, NFT is still a trend that is very much talked about among cryptocurrency collections.

It seems that it will be very difficult for NFT to get better developments under current conditions because almost all projects are experiencing difficulties, as well as the market and marketing of some new products so that it will still take a long time if developers like NFT are serious about improving further development.

It's going to be harder and harder to find proper projects in the NFT space, because of the high supply these days. You have to remember that demand is not increasing that much, even dropping a bit each day, whereas the supply is getting easier and easier.

I mean you could literally spend a few thousand dollars into getting art made and then get the codes done, if something is that simple then it's going to be quite the challenge for it to keep getting the same level of interest. This is why better and bigger developments matter a lot, it will give people some understanding of what's going on and they will make some profits based on the improvements.

Leo

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A lot of people investing in NFT don't really understand what NFT is they just invest blindly, many just see or they hear huge sales on NFT arts and jump in to start minting and placing for sales without understanding the dynamics propelling the huge sale figures. Its Wrong because you think NFTs are same as your downloadable image. NFT is far different from a JPEG or PNG. Because NFTs are registered on a Blockchain, they have other use cases that your jpeg doesn't. As such it's not about the skill of the Artist or beauty of the Art but rather the rarity and use cases of the NFT that determines the value/ price.

domoy77

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Quote from: TopT3ns on May 02, 2022, 12:40:26 PM

I hope what you say can come true because if there is no development it will make NFT investors bored and not make them interested anymore, NFT is still a trend that is very much talked about among cryptocurrency collections.

It seems that it will be very difficult for NFT to get better developments under current conditions because almost all projects are experiencing difficulties, as well as the market and marketing of some new products so that it will still take a long time if developers like NFT are serious about improving further development.

funteki

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Quote from: Milan1009 on March 02, 2022, 11:14:55 AM

Most of the NFT collections over the crypto space don’t have any utility whatsoever, this issue is beginning to get addressed by a few projects, like DeFiDOJO, with innovation and one of the last features released has been yNFTs (Yield NFTs), where they are trying to combine the beauty of DeFi with collections, have you put your NFTs into a good use lately? what are your thoughts about this?

I am also looking for cryptocurrency gems but i want to find p2e because I’m a gamer. in this case, if you play and earn money, it’s double the fun. I missed the last bull run due to a pandemic. So far I am following "reptile chronicles" project. A game like HS. Hopefully, the developers can come up with a high quality game that is convincing to gamers. btw, i have few eth, sol and bnb as I strongly believe that they will continue to lead cryptocurrency and nft markets

TopT3ns

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Quote from: yazher on May 02, 2022, 08:18:40 AM

Quote from: Milan1009 on March 02, 2022, 11:14:55 AM

Most of the NFT collections over the crypto space don’t have any utility whatsoever, this issue is beginning to get addressed by a few projects, like DeFiDOJO, with innovation and one of the last features released has been yNFTs (Yield NFTs), where they are trying to combine the beauty of DeFi with collections, have you put your NFTs into a good use lately? what are your thoughts about this?

Well! with the current competition being tight, you really need to come up with something new which will gonna be different from the other NFTs out there. Since features like this are promising, we expect to see more coming in the next few months because the others are updating as well because they cannot afford to lose their long-time investors just by keeping to their old platforms. Right now there are lots of them in the market which you will wonder which one to choose but the more legit the project is, the more they updated it.

I hope what you say can come true because if there is no development it will make NFT investors bored and not make them interested anymore, NFT is still a trend that is very much talked about among cryptocurrency collections.

wxa7115

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Quote from: Chato1977 on March 03, 2022, 05:08:37 AM

Quote from: Milan1009 on March 02, 2022, 11:14:55 AM

Most of the NFT collections over the crypto space don’t have any utility whatsoever, this issue is beginning to get addressed by a few projects, like DeFiDOJO, with innovation and one of the last features released has been yNFTs (Yield NFTs), where they are trying to combine the beauty of DeFi with collections, have you put your NFTs into a good use lately? what are your thoughts about this?

I have quitted from my NFT connection since my failure from SLP in which i have been trapped when the price drowned like in a deep sea.

Maybe i will consider one again when the growth of those NFT mentioned above so if that is considerable then i will do it then.

This is something that happened to a lot of people, they invested in this market thinking it was a great opportunity to make money and then they found out this was not the case and now they are suffering the consequences of their mistake.

And it is not difficult to see why this happened, while the concept behind NFTs is novel and I think it could have some use cases the way it is being handled now is incorrect, scammers realized this and they began releasing all kind of NFTs that they knew held no value and people still bought them due to the hype, and now we are seeing the consequences of their mistake.

yazher

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Quote from: Milan1009 on March 02, 2022, 11:14:55 AM

Most of the NFT collections over the crypto space don’t have any utility whatsoever, this issue is beginning to get addressed by a few projects, like DeFiDOJO, with innovation and one of the last features released has been yNFTs (Yield NFTs), where they are trying to combine the beauty of DeFi with collections, have you put your NFTs into a good use lately? what are your thoughts about this?

Well! with the current competition being tight, you really need to come up with something new which will gonna be different from the other NFTs out there. Since features like this are promising, we expect to see more coming in the next few months because the others are updating as well because they cannot afford to lose their long-time investors just by keeping to their old platforms. Right now there are lots of them in the market which you will wonder which one to choose but the more legit the project is, the more they updated it.

Lagduf

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NFT is not about a feature NFT is all overly inflated valuation that’s tremendously affected by branding and trends.
if you are just seeking for utilization and maybe features the gaming platform that uses the technology of NFT already offers that but most of NFT arts acts like some sort of badge
also most of NFT also already offering some kind of unique utilization that differs in each brand of the NFT like you could get passive income and things similar like that so I think
these kind of features are already being implemented since very long ago it's just some people are kinda ignoring all these quirks accompanying some specific NFT and getting it overlooked by the majority because the valuation of an NFT that sometimes becomes ridiculous
kinda overshadows this one quirk of an NFT.

tulsathrowaway777

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Quote from: Milan1009 on March 02, 2022, 11:14:55 AM

Most of the NFT collections over the crypto space don’t have any utility whatsoever, this issue is beginning to get addressed by a few projects, like DeFiDOJO, with innovation and one of the last features released has been yNFTs (Yield NFTs), where they are trying to combine the beauty of DeFi with collections, have you put your NFTs into a good use lately? what are your thoughts about this?

I have quitted from my NFT connection since my failure from SLP in which i have been trapped when the price drowned like in a deep sea.

Maybe i will consider one again when the growth of those NFT mentioned above so if that is considerable then i will do it then.

Sled

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Quote from: Milan1009 on March 02, 2022, 11:14:55 AM

Most of the NFT collections over the crypto space don’t have any utility whatsoever, this issue is beginning to get addressed by a few projects, like DeFiDOJO, with innovation and one of the last features released has been yNFTs (Yield NFTs), where they are trying to combine the beauty of DeFi with collections, have you put your NFTs into a good use lately? what are your thoughts about this?

They will somehow lose their value in the days coming. NFT just only got the attention because of the hypes, because of social media influencers but apart from that, they are obviously making no help to keep the market growing. And besides, most of the are scams, the majority of them are gone after lauching causing losses to the investors. And we've noticed that they only just stay for a while and many investors are then leaving for the metaverse.

Quote

But the NFT market appears to be cooling off these days, with falling transaction values and canceled auctions of high-dollar NFTs. Even some zealous NFT supporters are worried that the market has gotten oversaturated. Gary Vaynerchuk, the online marketer and a NFT mogul himself, recently predicted that 98 percent of NFTs would lose money.

https://www.nytimes.com/interactive/2022/03/18/technology/nft-guide.html

Apparently, it was clearly explained.

Xal0lex

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Quote from: Milan1009 on March 02, 2022, 11:14:55 AM

Most of the NFT collections over the crypto space don’t have any utility whatsoever, this issue is beginning to get addressed by a few projects, like DeFiDOJO, with innovation and one of the last features released has been yNFTs (Yield NFTs), where they are trying to combine the beauty of DeFi with collections, have you put your NFTs into a good use lately? what are your thoughts about this?

Obviously, most NFTs are of questionable value and the future value of such tokens, as well as collections, is questionable. I think that in the next 3-4 years, 99% of the NFTs that were created in 2020-2021 will die. Only the really meaningful projects for the industry will remain. Personally, I wouldn't risk investing in NFT projects, especially various absurdities like invisible stone.

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uneng

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Only utility NFTs are able to survive and thrive thinking on sustainable and solid gains along the time. Smart developers can launch NFTs in a way they give holders access to a VIP area (virtual or physical ones), to guarantee benefits inside a service/investment platform or to let people trade virtual goods on online games easier and legally.

Unfortunatelly that is not what we most see at NFT universe, since most creations are useless and solely for artistic purposes, what doesn't make sense at all, because I think if someone wants to own an art piece, they are going to want it for real, that is, in physical form.

Psynthax

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NFT doesn’t have an utility for a reason, that is because NFT itself stands for Non Fungible token, basically if an NFT is lacking an utility, but instead, relies on the fact that each token is unique and used it as an identification and maybe authentication for arts
and anything like that, that’s kinda fine.
If anyone wanna develop their NFT and make it has some utilities that’s also fine, because after all it seems there are people that just wants the NFT that they invested to have some kind of utilities instead of just becoming something that’s meant for collection.
regardless, either an NFT have an utilities or not, at the end of the day, still implements same NFT protocol, so I guess it can still deserve being called NFT.

Milan1009

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Quote from: kotwica666 on March 02, 2022, 07:12:59 PM

Quote from: Milan1009 on March 02, 2022, 11:14:55 AM

*SNIP*

NFT increases its value mainly due to its uniqueness and sometimes because of marketing tricks. yNFT would guarantee earning in yet another way. It is certainly a very big plus for investors and further develops the potential of all NFTs. I am sure that thanks to yNFT the interest in this industry will increase by at least a dozen or so percent.

Could you please provide the source of your information?

Sure, the yNFT feature mentioned on the top is something that a project called DeFiDOJO is developing. https://defidojo.io/

This post intention is for the community to know about new stuff going on in the market, I understand people's apporach about NFTs just being a trend or mainly art, but, actual utility can be attractive for some Degens on the space, I also recommend to have the proper research done about any NFT project before aping in. GMI

Topic: NFTs new features on the market - page 2. (Read 559 times)