Topic: NFTs new features on the market (Read 578 times)
Hopefully it can work, These features is okay as I have seen some new NFTs coming to implement DeFi features and also having a token feature. I think it also depends on the base idea. If not we'll designed from start, it can still fail.
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?
Who knows what technical functions are rarely used in discord and whether there is an auto-assignment role for some actions? I stumbled upon the reptile chronicles project where they give you an airdrop for secret discord actions. Seems so interesting, they really give some "goodies" for active members.
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?
Who knows what technical functions are rarely used in discord and whether there is an auto-assignment role for some actions? I stumbled upon the reptile chronicles project where they give you an airdrop for secret discord actions. Seems so interesting, they really give some "goodies" for active members.
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 found many NFT projects that were frankly garbage, it is really hard to find something good and interesting. But I have heard about one Blockachain-based NFT game "reptile chronicles" a few days ago, this project seems to me an ambitious. They have such a good arts and some "goodies" for active members. Have you heard about it?
A usage area must be created for NFTs. For example, Chiliz sells NFT through Socios application with SSU token. Those who collect the five NFTs of the Alfa Romeo F1 team will physically present a product of the Alfa Romeo F1 team with a lottery. Of course, this is a simple usage area, but a wide variety of usage areas can be created.
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Nice shill, but that is not going to work.I had read your posts history and you seem to just shill this coin around the forum. The more you just keep mentioning that game, the less I get interested in NFT games these days.
Jeez..
I recall a lot of threads doing this same thing.
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?
Hello everyone
I am a newcomer, so I need your advice about one p2e game. I have just seen one tweet about one blockchain-based NFT game "reptile chronicles" and it seems to me interesting. They are making a game like Gwent and HS, and I love such games. Also, the devs said that their active members will get some "goodies" from this project. What do you think about it? 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?
Hello everyone
I am a newcomer, so I need your advice about one p2e game. I have just seen one tweet about one blockchain-based NFT game "reptile chronicles" and it seems to me interesting. They are making a game like Gwent and HS, and I love such games. Also, the devs said that their active members will get some "goodies" from this project. What do you think about it? 
If the NFT project can be developed properly then this project can develop for the future, and when the team is building the project as much as possible so that later investors can be interested in nft projects with the presence of new features then this will make a way so that later there are projects that can get good profits in the future.
Currently the NFT project is in development for the foreseeable future and currently there are some good projects that are suitable for us to participate in and can benefit in the future, and the NFT Yield project I think is very good and they continue to develop the project as much as possible, and I believe there will be many enthusiasts from investors for this one project.
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?
[Yes it's true that Bitcoin volatility has helped to create other markets like NFTs. I think one should explore the NFT stream. I also want to share my idea on Metaverse where the future lies. Recently, I got to hear about Mallconomy which has launched its bounty Programme. It's a well designed project with lots of secured methods to earn and has got great potential for all in the near future.] If you are interested to know more, you can message by replying here.
[Yes it's true that Bitcoin volatility has helped to create other markets like NFTs. I think one should explore the NFT stream. I also want to share my idea on Metaverse where the future lies. Recently, I got to hear about Mallconomy which has launched its bounty Programme. It's a well designed project with lots of secured methods to earn and has got great potential for all in the near future.] If you are interested to know more, you can message by replying here.
Maybe NFT craze happened in the past 1 year, and that is why there are so many people so much money, but why would veterans do that when we all know what happened to cryptokitties after a while? Same happened to axie now as well, things that worth 300+ dollars a piece for a while, went down south so quickly. Even utility may not save them at some points.
Now the popular NFT token has dropped drastically from the NFT hype time, now NFT is priced at $7 from before more than $100+ so its not worth holding NFT coins in long term, I will not be interested in hype category except for short term profit 
Utility is the only thing that makes any NFT worth anything if you ask me, other than that they will never mean anything at all. I get that some people may have met it recently but we have seen NFT mindset with cryptokitties maybe like 5 years ago or so, which is why it is not a new thing to us.
Maybe NFT craze happened in the past 1 year, and that is why there are so many people so much money, but why would veterans do that when we all know what happened to cryptokitties after a while? Same happened to axie now as well, things that worth 300+ dollars a piece for a while, went down south so quickly. Even utility may not save them at some points.
Maybe NFT craze happened in the past 1 year, and that is why there are so many people so much money, but why would veterans do that when we all know what happened to cryptokitties after a while? Same happened to axie now as well, things that worth 300+ dollars a piece for a while, went down south so quickly. Even utility may not save them at some points.
All NFTs are almost nonsense but that shouldn't stop you from taking advantage, as bad as meme coins are I still invested money on them and I lose money but made much more, we are all here to make money and it shouldn't matter which project the money will come from, where there is hype is where you will make you better money.
Following the hype is certainly not a bad thing, as long as you can still determine when to enter and when to exit to take profit. However, most people, when the hype is high, have the opportunity to sell at a better price, they become greedy, until the project ends up crashing. Hype tokens and projects are a lot of scams, if you are not good at choosing, you will lose a lot of money. An important lesson when playing on hype tokens is to be able to set targets with at least a hold profit. If you can sell with a lot of profit, at least sell a little to return the capital, the rest, hold both for profit and if you lose, you don't have the initial capital in it anymore.
From what I've seen reptile chronicles are promising in this way, I mean they are making a game which would be sort of RPG, but they are saying we would see something new featurewise, excited to see what its gonna be. Future is close I guess
I have heard about this project too. They are making a really good content for their community. Also on their discord so much activities and events, I was surprised. I am sure that this game will succeed.
All NFTs are almost nonsense but that shouldn't stop you from taking advantage, as bad as meme coins are I still invested money on them and I lose money but made much more, we are all here to make money and it shouldn't matter which project the money will come from, where there is hype is where you will make you better money.
From what I've seen reptile chronicles are promising in this way, I mean they are making a game which would be sort of RPG, but they are saying we would see something new featurewise, excited to see what its gonna be. Future is close I guess
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.
Nothing impedes progress so much as monopolies. AI technologies would already be used everywhere if only some tech giants shared their training datasets. So I am 100% confident about Synesis One success. They are the only ones who provide easy access to quality databases for everyone.
not only monopolies, there is still some projects which pump by luck or because they made something new and sometimes noname projects with high quality arts
for now NFT just popularising in the world, for sure it is very early to talk about their real price, need to wait and hold!
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.
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.
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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.
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.
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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 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.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.
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.
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.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.
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.
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. 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 
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.
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.
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.
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.
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.
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.
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.
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. https://www.nytimes.com/interactive/2022/03/18/technology/nft-guide.html
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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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.
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.
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.
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.
*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
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.
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,
Most of collections in NFTs based on art and it will never have utility. that's different when you are talking about NFT based on the game and it will give you utility just like it can be staked, minted or something else. The only problem is NFT art is not so useful at all for its holders. Don't you see how many NFT art have been fallen to the ground after it was reaching the peak price? When you are owning NFT art is different when you're owning NFT game. NFT game can be sold to the market easily while art is so difficult.
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?
So, what's beauty? this sounds BS for me to be honest.
Not yet, I'm just trying to learn it. For now, the price of NFT is still influenced by the price of the crypto itself, just like NFT on Ethereum, is affected by fluctuations in the price of Ethereum, and as you said almost every day many new NFTs appear in this crypto space and its features, but it's best to take some steps ie check NFT fees/just launched on this website: https://app.traitsniper.com/ then select NFT Ethereum network = focus on image art, NFT Matic = focus on crypto gaming Then buy NFT according to the budget. Another important point of NFT is to get people used to buying things using crypto.
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?
NFT is a new concept in the crypto world which has recently become a trend in various circles, including currently NFT still has a high demand. But rest assured that the NFT trend won't last forever like other cryptos.If I say and suggest to stop at NFT, then it's not my right because NFT is someone's art. But choose the one that can benefit us. The advantage I mean is not just money, but more in value.
*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?
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'm not seeing it works well and how it functions? It is better they'll come out with their original concept instead. And I don't think this could help to make people believe that NFTs are worth enough coz they are probably wrong with this (my opinion). I still thinking about how we can benefit these collectibles, investors will not be focused on that but rather focus on where they can make good money from their investment. By now, NFT projects are somewhat losing their sight as this metaverse is also gaining attention.
Most of the NFT collections over the crypto space don’t have any utility whatsoever,
I get it that this is crypto and tokens must be of use but what utility do you really expect from an NFT collectible? The main purpose do not really differ from physical collector's item. Staking is good to earn something but it's still all about the historical value. 
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.
Predicting the future can be as hard as predicting a coin toss. Really, you have no idea which way technology will go. I guess it's up For the crypto community who wants to acquire digital artwork in order to resell or keep.
So far with NFTs, we are still in a developing stage and this is just the beginning of what will surely grow into a large industry like games or media distribution . We are still very much in the infancy so it is tough to say how things will pan out.!!op. I believe that the right approach to take on this new era of digital works is to educate people on how they should be thinking as far as ownership and more importantly what is their intended context of use. This means understanding the true value of digital artwork, especially in a crypto-economy.
So far with NFTs, we are still in a developing stage and this is just the beginning of what will surely grow into a large industry like games or media distribution . We are still very much in the infancy so it is tough to say how things will pan out.!!op. I believe that the right approach to take on this new era of digital works is to educate people on how they should be thinking as far as ownership and more importantly what is their intended context of use. This means understanding the true value of digital artwork, especially in a crypto-economy.
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.
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.
We can not generalize everything into one because there are people who see something based on its beauty/aesthetic and there are people who see everything based on its use case.
Take me as an example, I am the kind of person who sees everything based on its use case, but that does not mean I am against them.
It is not an issue if it was created solely just for collectible or aesthetic only, everything is fine as long as it is targeting the right people and not forcing them to keep the side against their own will.
In short it is not a concern at all to begin with.
Take me as an example, I am the kind of person who sees everything based on its use case, but that does not mean I am against them.
It is not an issue if it was created solely just for collectible or aesthetic only, everything is fine as long as it is targeting the right people and not forcing them to keep the side against their own will.
In short it is not a concern at all to begin with.
The major reason why people hold NFTs is because of potential increase in value. I understand some persons also have esoteric attachments to art works and are willing to buy them to fulfill their fantasy and attachments, but I really don't think people are concerned about the use case of NFTs as several of them are not developed for that reason.
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?
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