Reasons why NFTs projects are not making wave-like ICOs - page 4.

crwth

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Quote from: cryptoaddictchie on September 30, 2021, 06:53:00 AM

Why I didnt hear such news about it John Cena maikg his own nft? Missed this one.

Because you can't see him:

Well, it may still not be that understood by many. Like many people that I'm telling about NFT's, what's the difference? Like the difference between just saving the file as JPG by copying the minted one and having the specific art for NFT. It's hard to explain how valuable it is for everyone to have that kind of technology verifying the ownership and staff. It's just that not people value it as much.

I think the difference that they will have between ICOs and NFTs is how they become hyped. I think NFTs haven't reached the ICO level of hype or something to that sense.

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Quote from: Tessnik on September 20, 2021, 02:03:49 AM

...What seems to have gone wrong in the NFT market within this short period of its existence?

In this case, a lot depends on the general state of the cryptocurrency market. Now we are seeing a downward movement of bitcoin, and accordingly, new coins do not give such a high profit that we saw in 2017 and early 2021. But nevertheless, we still see the launch of successful projects that bring investors a profit of hundreds of percent.

Capt00

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The reason why NFTs are gaining popularity is that in ICOs, once you've sold your tokens, you're done and all you have to do now is repurchase that token.
If you bought a rare or limited-supply art or any form of NFT while in NFT, the value of it could potentially increase. The other NFTs are for play to gain, which encourages everyone to participate.

cryptoaddictchie

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Why I didnt hear such news about it John Cena maikg his own nft? Missed this one. I would like to say thay I witness some ICO beforr on 2017 and not all are doing 800x anf some also have some scam. Maybe its not good to compare the nft fever to ICO since its a very long time and we have a new era of defi that solidify nft. Anyway its good to see some improvement over nft.

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Rarity and the chance to earn while still owning the NFT. These are the reasons why NFTs are making rounds, in ICOs, if you've sold your tokens then you're done and all you have to do is to rebuy so you take that token again.
While in NFT, if you bought a rare or with less supply art or any type of NFT then the value of it can potential go up. And the other NFT are for play to earn which is really making everyone invest on it.

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Quote from: Tessnik on September 20, 2021, 02:03:49 AM

What seems to have gone wrong in the NFT market within this short period of its existence?

Think again, NFT has various fields and if you meant about NFT art or something related to this kind of NFT and it will never give you huge ROI but that's quite different when you have owned a rare NFT like etherrock or cryptopunk.

Quote from: RILWAN on September 30, 2021, 02:29:00 AM

To me probably because NFT is a new development on the blockchain so its benefit is not felt yet just like the IEO era it hype will increase popularity but with little benefit to its investors, I bought an artwork in a pre-sale, and up till its now worthless.

How old the development will not give impact to the how big the hype will be received. I guess you're misinterprete it. Basically, the hype depends on the numerous factors and it can't be called if NFT as a new trend should be the reason why it was not getting big hype like ICOs

Quote from: Jilapikhamu on September 20, 2021, 03:17:50 AM

Now nft just a hyped, when hyped over this will be disaster i think 2017

It's not. Did you remember DEFI hype? it's over a few months ago and it didn't create a disaster. I think that you were not watching how the defi hype was going on.

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Quote from: Tessnik on September 20, 2021, 02:03:49 AM

I read over the news about John Cena NFT only selling 30 tokens in its public sale an event that prompted the star wrestler to withdraw his support for the project and putting it on gold, and from my personal experience, Ill the NFTs tokens I bought have not yielded any profits all stock in the sale stage for over 4 months now, unlike the ICO era in 2017 where investors making 800x profits just within one month of investment. What seems to have gone wrong in the NFT market within this short period of its existence?

Can you please name few NFT projects that you invested money on? Because I'm surprised that you saying your NFTs haven't Yield any profits while mine isn't the same, I've made more from NFT projects this year than DeFI and other projects, I invested in CIFI and also PYR

Stay away from art NFT and focus more on gaming NFT, they tend to grow bigger and better than art NFT projects

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To me probably because NFT is a new development on the blockchain so its benefit is not felt yet just like the IEO era it hype will increase popularity but with little benefit to its investors, I bought an artwork in a pre-sale, and up till its now worthless.

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Quote from: Jilapikhamu on September 20, 2021, 03:17:50 AM

Now nft just a hyped, when hyped over this will be disaster i think 2017 and now big difference between experience when people Don't know about crypto or valuable project now everyone know how project works

I don't even see the benefit from NFT hype as so many of those artworks that are bought as NFT have no increase in value but I know there are some nft that is worth a fortune but in a rear case. NFT is nothing to be compared to ICO or IEO.

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Quote from: Tessnik on September 20, 2021, 02:03:49 AM

What seems to have gone wrong in the NFT market within this short period of its existence?

NFT was different from ICO. The price of ico tokens getting affected by so many things. When there's a whale buy a big amount of tokens and this will be pushing the price to go up as soon as possible but the that's quite different with NFT. When there's an NFT and this can be owned by a single person. that means the chance for the price to increase will be much more lower caused by this totally depends on how much demand of people who interested to buy it and place their bid to buy such NFT. This time ICO is still crazy and there's a new ico called atlas that gives 150x ROI in less than a night.
I think that you must remember if anyone will be able to release their NFT and this is totally different with ICO.
that's why ICO can give more ROI compared with the NFT. NFT was a personal interest.

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If true as that it is exception for the precision, because the same when that was very many ICO is loss. The sure thing that has changed from 2017 is the number of projects that appear and open for sale weekly. It's in a different direction from NFT, people come to this space just for the money of value, it's a new way to get all decimal and to have to present it to others digitally, it has become a hottie. NFT does not exist just to be viewed and used as a profitable monetary tool but to contribute to new developments in the cryptocurrency industry.

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Most NFT's doesn't even make sense, that I cannot even understand why such NFT valued very expensive.
Compared to ICO's where there are actually some of the promising projects with tokens with real use case, people would inevitably put their money where it has the high probability of making fast roi and high profit.

Also, these sudden surge of NFT's makes it difficult to identify which project is promising and has a long term potential. Most of the NFT games today are sketchy af so would you even trust these projects?

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It's hard to tell if you just compared it with that particular ICO you represented, and the NFT you mentioned. And to compare those two things I can't hardly find any similarity since both cases have a different "value".

ICO first became a thing because it is a good way to get funding for the team, but it comes to an end when everybody uses it as a get rich quick scheme, and not giving any use cases nor usability within the project, mainly only for self profit. I have a question for you, with such profit you gave as an example, how many projects are still existing until now? and how many are failed? I'm sure the failure outweigh the successful one.

It comes different with NFT, people came to this space not only for monetary value, but it is a new way to collect things and to be able to showcase it to others digitally, it became an intriguing thing. NFT are not exists only to be seen and used as monetary tools that are able to generate profit, and I do believe NFT are here to stay.

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For me at least the problem with NFT-s was that there were so many of them and it was impossible to tell which ones will become a thing and which ones will not. With ECO era there was at least some way to tell if the investment would pay off (ie to analyze and see if the project was sound and useful). With NFT-s it's much more like art where random and (subjectively) stupid things can become very valuable while (subjectively) pretty or useful things can become worthless.

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Quote from: Tessnik on September 20, 2021, 02:03:49 AM

I read over the news about John Cena NFT only selling 30 tokens in its public sale an event that prompted the star wrestler to withdraw his support for the project and putting it on gold, and from my personal experience, Ill the NFTs tokens I bought have not yielded any profits all stock in the sale stage for over 4 months now, unlike the ICO era in 2017 where investors making 800x profits just within one month of investment. What seems to have gone wrong in the NFT market within this short period of its existence?

First of all, even in 2017 it was not the case that every ICO gave 800x profit. If that was the case at all, it was the absolute exception, because even then there were many ICOs where losses were made. What has definitely changed compared to 2017 is the sheer number of projects that appear every week and hold a sale. It's no wonder that only one in ten of them is really profitable. Also, there are no real ICO's like in 2017 anymore, where tokens worth 50 M$ or more were offered for sale. Nowadays, everything is done via launch pads and you have to hold the respective token in order to participate in the sale. When the tokens are traded on the stock exchange, there are already hundreds or thousands of people who have already bought the token at a lower price.

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Now nft just a hyped, when hyped over this will be disaster i think 2017 and now big difference between experience when people Don't know about crypto or valuable project now everyone know how project works

Tessnik

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I read over the news about John Cena NFT only selling 30 tokens in its public sale an event that prompted the star wrestler to withdraw his support for the project and putting it on gold, and from my personal experience, Ill the NFTs tokens I bought have not yielded any profits all stock in the sale stage for over 4 months now, unlike the ICO era in 2017 where investors making 800x profits just within one month of investment. What seems to have gone wrong in the NFT market within this short period of its existence?

Topic: Reasons why NFTs projects are not making wave-like ICOs - page 4. (Read 476 times)