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Topic: The Future of NFT - page 4. (Read 1037 times)

legendary
Activity: 966
Merit: 1042
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January 23, 2023, 09:37:19 AM
#49
I am not sure about the NFTs as dear i am trying to say that NFTs was an air balloon thats it. The concept of NFTs was to promote the real implementation of the Blockchain technology to the real world. Their major use case what i was expecting was to introduce this concept for the validation of real products qhich ww buy from stores but NFTs went for the Spams as many spam projects destroyed the real concept of NFTs. Spam in term of Just membership cards in the form of NFTs that was not the real concept of NFTs.
hero member
Activity: 2912
Merit: 556
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January 23, 2023, 09:34:17 AM
#48
NFTs are still not recovering and reaching their former glory as it is too soon for this to happen, the recovery of bitcoin has been impressive but still its price is very far away from its previous all time high, but I am sure once the market is immersed in a bull market then NFTs, meme coins and all those projects which do well when traders are willing to speculate in almost every coin will do well, it is just that this is going to take a long period of time to materialize, but make no mistake it will eventually happen.
The trend of NFT is currently down and it looks like it takes several factors to bring back the hype,
slowly indeed the price of Bitcoin is rising again even though there is still a possibility to go back down,
but at least with that I think it's good news.
Not to wonder why because these projects are already rejected by most. Nobody will spend and risks their money on a project that we are not sure where it goes, we can't make money in digital arts, they are meant for collections only, not for investment. Well, I'm not sure if there is NFT hype again, their time is over, and it is somewhat impossible to happen again. Although all of these are just a sort of market assumptions and price prediction and it can be wrong or right, still I have no courage of having them.
The NFT trend now is over, but we don't know if this NFT trend can come out again in the following years and provide something new than before. Now the market has returned to its usual path where investors' focus is back on bitcoin and altcoins. With the crypto market conditions starting to improve, investors and traders have started investing their money in coins with more potential and have the opportunity to increase higher later than investing in NFTs.
hero member
Activity: 1498
Merit: 504
January 23, 2023, 04:32:50 AM
#47
Other than bitcoin and ethereum, there are no long-term investment-worthy projects in the market. Have you tried looking at the entire market, including bitcoin and top altcoins? Are there any projects that didn't plummet? We are in crypto winter, don't ask NFT project to increase the price. NFT will survive or not, we should wait for the next bull season, we'll see, I can't say if you're right or I'm right at this point.
As I said, as long as it can be used for the hype, it will always survive on the market.
NFTs are still not recovering and reaching their former glory as it is too soon for this to happen, the recovery of bitcoin has been impressive but still its price is very far away from its previous all time high, but I am sure once the market is immersed in a bull market then NFTs, meme coins and all those projects which do well when traders are willing to speculate in almost every coin will do well, it is just that this is going to take a long period of time to materialize, but make no mistake it will eventually happen.
In fact, I am not sure and believe that NFT can recover and return to its glory despite a bull market and rising bitcoin prices. For Altcoins, maybe everyone can follow the bull market and rising Bitcoin prices, but not with NFTs.
If you still believe and have faith in NFT, that is your choice and everything you will get in the future depends on your steps in the present because I personally am only wasting time and money if I still hope for NFT.
My advice is to choose Altcoin or Bitcoin only for the choice towards success in the future.
hero member
Activity: 2828
Merit: 518
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January 23, 2023, 04:21:19 AM
#46
NFTs are still not recovering and reaching their former glory as it is too soon for this to happen, the recovery of bitcoin has been impressive but still its price is very far away from its previous all time high, but I am sure once the market is immersed in a bull market then NFTs, meme coins and all those projects which do well when traders are willing to speculate in almost every coin will do well, it is just that this is going to take a long period of time to materialize, but make no mistake it will eventually happen.
The trend of NFT is currently down and it looks like it takes several factors to bring back the hype,
slowly indeed the price of Bitcoin is rising again even though there is still a possibility to go back down,
but at least with that I think it's good news.
Not to wonder why because these projects are already rejected by most. Nobody will spend and risks their money on a project that we are not sure where it goes, we can't make money in digital arts, they are meant for collections only, not for investment. Well, I'm not sure if there is NFT hype again, their time is over, and it is somewhat impossible to happen again. Although all of these are just a sort of market assumptions and price prediction and it can be wrong or right, still I have no courage of having them.
hero member
Activity: 2198
Merit: 607
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January 23, 2023, 04:20:38 AM
#45
What do you guys think about the future of nft?
Many people think that nft is useless digital trash, but I have a different idea from them.
This is because many famous companies and platforms around the world employ blockchain developers and create related nfts in various fields such as art and sports.
I think it's now Nft's turn, just as Bitcoin has been treated as digital waste and its price has been upward.
Tell me what you think
What is clear is that Bitcoin cannot be equated with NFT or anything else. Do you think if Bitcoin is put on display and becomes trash, the results will be the same as NFTs which are useless and just a display of prices?

I think NFT is now polluted and we can no longer distinguish which ones really have a high value. Everything can be manipulated while Bitcoin until now cannot be manipulated. Do not equate something that cannot be equated in any case.

Simple questions that you might be able to answer quickly.

How fast do Bitcoins and NFTs sell when you put them up cheaply?
Which sells faster?
which one is more interesting to fans?
NFTs can last for months and may expire while Bitcoin does not.
If you have 1 NFT and 1 Bitcoin which one will be profitable fast?
sr. member
Activity: 1372
Merit: 252
January 23, 2023, 02:41:13 AM
#44
Other than bitcoin and ethereum, there are no long-term investment-worthy projects in the market. Have you tried looking at the entire market, including bitcoin and top altcoins? Are there any projects that didn't plummet? We are in crypto winter, don't ask NFT project to increase the price. NFT will survive or not, we should wait for the next bull season, we'll see, I can't say if you're right or I'm right at this point.
As I said, as long as it can be used for the hype, it will always survive on the market.
NFTs are still not recovering and reaching their former glory as it is too soon for this to happen, the recovery of bitcoin has been impressive but still its price is very far away from its previous all time high, but I am sure once the market is immersed in a bull market then NFTs, meme coins and all those projects which do well when traders are willing to speculate in almost every coin will do well, it is just that this is going to take a long period of time to materialize, but make no mistake it will eventually happen.
The trend of NFT is currently down and it looks like it takes several factors to bring back the hype,
slowly indeed the price of Bitcoin is rising again even though there is still a possibility to go back down,
but at least with that I think it's good news.
legendary
Activity: 2716
Merit: 1383
January 23, 2023, 12:16:25 AM
#43
Other than bitcoin and ethereum, there are no long-term investment-worthy projects in the market. Have you tried looking at the entire market, including bitcoin and top altcoins? Are there any projects that didn't plummet? We are in crypto winter, don't ask NFT project to increase the price. NFT will survive or not, we should wait for the next bull season, we'll see, I can't say if you're right or I'm right at this point.
As I said, as long as it can be used for the hype, it will always survive on the market.
NFTs are still not recovering and reaching their former glory as it is too soon for this to happen, the recovery of bitcoin has been impressive but still its price is very far away from its previous all time high, but I am sure once the market is immersed in a bull market then NFTs, meme coins and all those projects which do well when traders are willing to speculate in almost every coin will do well, it is just that this is going to take a long period of time to materialize, but make no mistake it will eventually happen.
legendary
Activity: 3080
Merit: 1178
Leading Crypto Sports Betting & Casino Platform
January 21, 2023, 03:57:34 PM
#42
I wouldn't be surprised because I still see NFT projects until now even though they are lesser than last year. They aren't completely dead yet like the ICOs. Big NFTs are also backed by rich individuals so they will support these NFTs until the end. These NFTs are mainly the ones that celebrities get because their reselling value is high.
-cut-
Well Initial Coin Offerings aren't really dead either, they just changed their form. When people first said they are over it was because they were all starting to be pointless scams.
People said that thank god that's over, never again, we are smarter now.

Then they started to talk about IEOs instead, which is exactly same thing as icos exept those tokens were sold in centralized exchanges, exchanges were supposed to have some quality control over them but in reality they didn't.

Then they started to sell them in decentralized exchanges and called them IDOs. Same thing again. Now they are calling them launchpads.

This is why it makes me smile a little bit when people say that NFTs are over. No they are not. If something they get regulated and change their shape a little and come back bigger then ever.
hero member
Activity: 3220
Merit: 678
www.Crypto.Games: Multiple coins, multiple games
January 21, 2023, 02:25:30 AM
#41
I looked at Coingecko and then the NFT section and looked the NFT arts that have been made all throughout the NFT hype.

Surprisingly, there are still volume towards the most famous ones like the Bored Ape, Cryptopunks, Mutant Ape and also that Trump Digital Trading Card that launched a few weeks ago. They still have a 24 hr volume meaning there are still people who are buying and selling it.

Now what is the future of NFT. I believe that it will be the same as DeFi where most of the NFT's whether it's an art NFT or game NFT where those who really want to stay will stay even though the hype is over. Those projects who really want to evolve and develop something will continue to develop. The hype is over for NFT's, but there will still be NFT's around for a long time for both arts and games.
I wouldn't be surprised because I still see NFT projects until now even though they are lesser than last year. They aren't completely dead yet like the ICOs. Big NFTs are also backed by rich individuals so they will support these NFTs until the end. These NFTs are mainly the ones that celebrities get because their reselling value is high.

I think NFTs have also upgraded and they now offer some perks to it's holders. This makes their game more exciting. If there are NFTs that will remain then I think that will be the NFTs which is related to metaverse. Metaverse is still new right? And it's said that it will be the future of technology so NFT's can also benefit with it.
sr. member
Activity: 1372
Merit: 252
January 20, 2023, 11:37:30 PM
#40
What do you guys think about the future of nft?
Many people think that nft is useless digital trash, but I have a different idea from them.
This is because many famous companies and platforms around the world employ blockchain developers and create related nfts in various fields such as art and sports.
I think it's now Nft's turn, just as Bitcoin has been treated as digital waste and its price has been upward.
Tell me what you think

Honestly, NFTs are useless because they don't have any useful utility or use. But say it's dead, I don't think so because NFT is like memecoin, used to generate hype very well, so I believe it will continue to be the trend in the market in the next bull season. Investing in NFTs is no different from investing in shitcoins, once there is a profit, you should sell them, never thinking that they will bring a profit in the long run. Look at the hyped NFT projects in 2021, most of which have lost value and become useless.
I also think that NFT is not for the long term and when we are profitable then sell it immediately,
besides that the price of NFT also seems to have dropped dramatically,
this indicates that the trend will not last long.

Other than bitcoin and ethereum, there are no long-term investment-worthy projects in the market. Have you tried looking at the entire market, including bitcoin and top altcoins? Are there any projects that didn't plummet? We are in crypto winter, don't ask NFT project to increase the price. NFT will survive or not, we should wait for the next bull season, we'll see, I can't say if you're right or I'm right at this point.
As I said, as long as it can be used for the hype, it will always survive on the market.
Currently, it can be said that the market condition is still bearish even though we see coin prices on the market starting to rise,
Under these conditions, of course, we cannot expect more from the NFT project,
hope the bulls can come soon and let's see.
legendary
Activity: 2590
Merit: 1022
Leading Crypto Sports Betting & Casino Platform
January 20, 2023, 11:02:42 PM
#39
What do you guys think about the future of nft?
Many people think that nft is useless digital trash, but I have a different idea from them.
This is because many famous companies and platforms around the world employ blockchain developers and create related nfts in various fields such as art and sports.
I think it's now Nft's turn, just as Bitcoin has been treated as digital waste and its price has been upward.
Tell me what you think

Honestly, NFTs are useless because they don't have any useful utility or use. But say it's dead, I don't think so because NFT is like memecoin, used to generate hype very well, so I believe it will continue to be the trend in the market in the next bull season. Investing in NFTs is no different from investing in shitcoins, once there is a profit, you should sell them, never thinking that they will bring a profit in the long run. Look at the hyped NFT projects in 2021, most of which have lost value and become useless.
I also think that NFT is not for the long term and when we are profitable then sell it immediately,
besides that the price of NFT also seems to have dropped dramatically,
this indicates that the trend will not last long.

Other than bitcoin and ethereum, there are no long-term investment-worthy projects in the market. Have you tried looking at the entire market, including bitcoin and top altcoins? Are there any projects that didn't plummet? We are in crypto winter, don't ask NFT project to increase the price. NFT will survive or not, we should wait for the next bull season, we'll see, I can't say if you're right or I'm right at this point.
As I said, as long as it can be used for the hype, it will always survive on the market.
sr. member
Activity: 1610
Merit: 264
January 20, 2023, 02:14:36 PM
#38
~
Can't help but to think of it on how these NFTs are still relevant to this day. Aren't these like way past of the current trend now? If Bitcoin would somehow get back to 64k plus, I am kinda curious if the hype would then revived. There were NFT games here in my country that were hot trend back then and people would even apply for scholarship, but then they went silent after Bitcoin plummeted.

I can imagine all those trends becoming trend again, but I am setting my expectations low
legendary
Activity: 3752
Merit: 1170
www.Crypto.Games: Multiple coins, multiple games
January 20, 2023, 12:15:10 PM
#37
The problem for me was the original, not the chance of being able to be copied. Like the highest paid ones were cryptopunks, and looking at them... I really do not want to own any, and do not make sense that anyone would want to own any neither. I get that it's rare and scarce and all, but it's not art, it doesn't have any reason to own aside from the rarity.

People bought it because there was a hype and NFT was a new thing and punks became the symbol of it etc etc. But at the end of the day there was absolutely no art value to them at all. They were as stupid as the banana stuck to the wall art, definitely something that doesn't make sense at all in the long run.
legendary
Activity: 1582
Merit: 1006
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January 20, 2023, 09:11:02 AM
#36
sometimes, i don't think that it is NFT itself, but how it is actually being used, and its ownership. most people mainly into gaming i knew hates this because of the concern of materialisation or the issue that you will need to do another process just to access the game. the other one is that how people is going to prove they own the NFT at all, but no one puts the importance of what it runs on top of into scrutiny.
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
January 20, 2023, 09:10:26 AM
#35
NFT is an art and art will alway be timely. But there seems to be limitations. People who are calling it trash are ones who simply does not appreciate arts and that's just fine. But never force someone to have  perspective of such because there are really people who would spend huge mount of money. Likewise with typical artworks, appreciation is the key player. It is just that there is a higher demand with digital arts in form of NFT because some has utility and some are project based which makes it more pricy. So i guess NFT industry will still be here for years. Just let those who enjoys it, be happier with their thing. If you cannot appreciate their "world" atleast give yourself a favor to not mind them than to say negative things just because you cannot understand or simply view the positive side of it. That's toxicity already.
sr. member
Activity: 1302
Merit: 270
January 20, 2023, 08:52:59 AM
#34
This is because many famous companies and platforms around the world employ blockchain developers and create related nfts in various fields such as art and sports.
I think it's now Nft's turn, just as Bitcoin has been treated as digital waste and its price has been upward.
Tell me what you think
They were issuing their own NFT to be money grabbers only. You can see how those companies benefited from their NFTs that sold at non-sense prices. Are you dumb or what? NFT was not even comparable with BTC.  Cheesy Roll Eyes

Agree with you that this is their vicious circle that there is a cooperation to buy NFT with each other even though they are a team to cheat, And NFT will not be as big as Bitcoin, of course it's like a joke..
sr. member
Activity: 2478
Merit: 343
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January 20, 2023, 08:47:23 AM
#33
I think it is an individual opinion and I believe that not all are having positive insights into these projects and I'm one of them. Maybe it was early to give some negative conclusion about NFT but because of having a bad experience in the past were I bought some of them (arts), now it turns just like a collection that I can no longer sell for a profit which I'd never think this will happen to me. It could be the reason to think about the dark future of NFT, they are just like ICO before when the hype is done they also gradually disappear.
legendary
Activity: 3010
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Leading Crypto Sports Betting & Casino Platform
January 20, 2023, 08:32:50 AM
#32
What do you guys think about the future of nft?
It must be as bad as meme tokens lol. The NFT issuance was uncontrollable. So many scam NFTs were also appearing just like ico bubble in the past. I see no reason to call NFT has a future other than become a digital art asset.
NFT is so bad to be used as store of value.

Many people think that nft is useless digital trash, but I have a different idea from them.
It's fact. Are you mad? The totals of NFT scams have been exploding since last year.

This is because many famous companies and platforms around the world employ blockchain developers and create related nfts in various fields such as art and sports.
I think it's now Nft's turn, just as Bitcoin has been treated as digital waste and its price has been upward.
Tell me what you think
They were issuing their own NFT to be money grabbers only. You can see how those companies benefited from their NFTs that sold at non-sense prices. Are you dumb or what? NFT was not even comparable with BTC.  Cheesy Roll Eyes
legendary
Activity: 3080
Merit: 1178
Leading Crypto Sports Betting & Casino Platform
January 20, 2023, 07:57:27 AM
#31
You mentioned the possibility of receiving counterfeit physical collectables, however they still aren't perfect copies, because some details from the original artpieces can't be reproduce, such as quality of the material, color tones and brightness when there are golden or silver details. So, the "smart contract" in this case are the physical characteristics of the product which can be evaluated by a specialist.

And to acquire that kind of collectable really makes sense, because it's a physical good, which shows physical differences between the copy and the original, while NFTs don't present any physical differences, if I take a print-screen of any of them and reproduce it in different places on the internet. I won't have the smart contract, but they will look exactly the same.
And that physical evaluation costs money. If you would be able to reproduce exact copies of the product, the value of physical copies would go down the drain.
You are talking in terms that doesn't apply to the nfts. Only scarcity and adoption matters. Compared to old ways when scarcity was represent only in a physical form doesn't really matter and isn't a good metter to make sense of it.

Let's talk about those pictures since everyone is obsessed about them. Yeah you can own the exact copy of the jpg and print it on your wall if you want. Who cares? Do it right now. But you can't sell it because no one will buy it, even when it looks exactly like original. Not even when you make nft out of it. That's digital scarcity. You either want to be a part of history of digital scarcity or not. It's really up to you.

I can't believe i ended up defending NFTs as i used to laugh at them in 2019 for the same exact reasons you told me.
full member
Activity: 1064
Merit: 100
Combo Network
January 20, 2023, 05:38:17 AM
#30
What do you guys think about the future of nft?
Many people think that nft is useless digital trash, but I have a different idea from them.
This is because many famous companies and platforms around the world employ blockchain developers and create related nfts in various fields such as art and sports.
I think it's now Nft's turn, just as Bitcoin has been treated as digital waste and its price has been upward.
Tell me what you think

Honestly, NFTs are useless because they don't have any useful utility or use. But say it's dead, I don't think so because NFT is like memecoin, used to generate hype very well, so I believe it will continue to be the trend in the market in the next bull season. Investing in NFTs is no different from investing in shitcoins, once there is a profit, you should sell them, never thinking that they will bring a profit in the long run. Look at the hyped NFT projects in 2021, most of which have lost value and become useless.
I also think that NFT is not for the long term and when we are profitable then sell it immediately,
besides that the price of NFT also seems to have dropped dramatically,
this indicates that the trend will not last long.
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