The Future of NFT - page 5. | Bitcointalksearch.org

Ayers

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Quote from: SmokerApeth on January 17, 2023, 10:57:24 PM

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.

maydna

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Quote from: uneng on January 19, 2023, 07:33:59 PM

Quote from: maydna on January 19, 2023, 09:13:49 AM

The future of NFT is long and only just getting started. But like other projects, NFT still needs to be further developed and improved to attract more investors. NFT projects differ from previous crypto projects and cannot be treated the same as bitcoins, altcoins, or even other projects. So let's see how NFT develops in the future while we focus on the market that has started to move. And if NFT can become a trend again in the future, maybe it's time for NFT to grow even more.

NFTs are likely to become a trend again once we enter a new bull market. There are many popular franchises and personalities launching their own NFT collections targeting their fan bases and customers as potential buyers. It's an easy way for them to raise money and in large sums, depending how strong is the speculation on the currently moment. And that is why they should wait for the bull season, as with more demand for crypto, the prices of their NFTs are also going to become more expensive. On the other hand, it doesn't mean it's a good investment for us. The benefit is actually for those who are selling it, and for their fans who must be happy just by acquiring one NFT of their idols, but as investment it's not a good alternative.

It may happen again or the NFT trend will be replaced by another trend that is more promising for investors because the market is not showing good movements either. Indeed many popular franchises and personalities are launching their NFT collections but if the community does not support it, it is likely to be difficult to get support from potential investors or buyers. So before the market changes, the people behind the NFT project have to work even harder so that if the market starts to change direction for the better, there is a possibility that the NFT trend will come back again. Meanwhile, yesterday's NFT trend was only temporary because they only bought and stored it and whether they will be able to sell it in the future or not, will depend on the development of the NFT project itself.

Savemore

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As for my predictions, not all of NFT's will survive in the market and actually only few of them are been patronized by the investors and NFT traders. I trade NFT's in SOL and there are only few blue chip projects that are still alive in the market. Most of the NFT's in SOL are just pure hype and suddenly it will vanished like a dust. The good projects there are the DeGods, Yootz, ABC (currently in all time high), Okay Bears and Taiyo. DeGods have a token called $DUST where you can get it if you have their NFT. Their community is so strong and actually, they are the #1 NFT community on Solana.

The future of NFT's are great as long as their is a new uses, cases and hype. Take note that not all of the NFT's will be successful because majority of them are keep failing because of not good management, a whack developers and also the scammers. Choose a NFT project very well before you put your hard earned money.

Questat

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Quote from: SmokerApeth on January 17, 2023, 10:57:24 PM

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.

Maybe you are but can't deny the fact that many of these NFTs are worth nothing to invest with. You can't hide the fact that many investors can't sell their tokens because nobody buys them. But if you insist that you are right, then prove it.

Quote

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

It can't be enough, in fact, those previous NFT projects have similar cases and make people invest in them because of the said promise but unfortunately, they fail to fulfill their promise and turn into scams. Trusting them back again is really hard, we'd rather put money into projects that are already have a working products for assurance.

Silberman

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Quote from: SmokerApeth on January 17, 2023, 10:57:24 PM

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 kind of problem NFTs solve? Unless there is a problem for which the only way to solve it is with the use of NFTs then they will remain as nothing more but speculative assets, bitcoin despite being called trash and being declared dead hundreds of times still survives because it has a very clear function, but we cannot really say the same about NFTs, so be very careful and if you plan to invest in them do so with extreme caution.

LogitechMouse

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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.

uneng

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Quote from: maydna on January 19, 2023, 09:13:49 AM

The future of NFT is long and only just getting started. But like other projects, NFT still needs to be further developed and improved to attract more investors. NFT projects differ from previous crypto projects and cannot be treated the same as bitcoins, altcoins, or even other projects. So let's see how NFT develops in the future while we focus on the market that has started to move. And if NFT can become a trend again in the future, maybe it's time for NFT to grow even more.

NFTs are likely to become a trend again once we enter a new bull market. There are many popular franchises and personalities launching their own NFT collections targeting their fan bases and customers as potential buyers. It's an easy way for them to raise money and in large sums, depending how strong is the speculation on the currently moment. And that is why they should wait for the bull season, as with more demand for crypto, the prices of their NFTs are also going to become more expensive. On the other hand, it doesn't mean it's a good investment for us. The benefit is actually for those who are selling it, and for their fans who must be happy just by acquiring one NFT of their idols, but as investment it's not a good alternative.

maydna

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The future of NFT is long and only just getting started. But like other projects, NFT still needs to be further developed and improved to attract more investors. NFT projects differ from previous crypto projects and cannot be treated the same as bitcoins, altcoins, or even other projects. So let's see how NFT develops in the future while we focus on the market that has started to move. And if NFT can become a trend again in the future, maybe it's time for NFT to grow even more.

len01

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equating bitcoin with NFT is like a ridiculous statement. if you know that bitcoin used to be considered as having no future but bitcoin was the first crypto to appear and after that bitcoin had a strong utility and boost other crypto appeared, such as altcoins.
comparing bitcoin with NFT is really different and very far away. NFTs are just images that do not have much utility and cannot affect anything in the crypto market. in contrast to bitcoin which dominates all crypto coin prices.

and if you know about the hype, it will be there by surprise and after that it doesn't last long and goes away. like the current NFT hype is over. and if you think there is still a chance to rise, I say no.

Ojima-ojo

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Quote from: SmokerApeth on January 17, 2023, 10:57:24 PM

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

Of a truth i don't see anything wrong in NFT development as it allows for contact transfer via blockchain technology and this is an innovation that requires a lot of study, practice and all the other components that make up the successful transfer of ownership of content using cryptography.

The major challenge with this new development is the risk of hacks, scams and other vices that accompany such new development, these things give the original idea a bad name. That is why many people refer to NFT as total shit and not worth anything just like2 all the other web3 developments.

yazher

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I think if they start to focus on one company that is producing NFTs from famous people, it would be easy for them to improve it in the future and to make it more popular and also a real item that could be sold at its given price. But instead, people are making NFTs all over the world loosely and the result is not really good because no more will gonna demand when everyone becomes a producer of their own NFT.

fuguebtc

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Quote from: SmokerApeth on January 17, 2023, 10:57:24 PM

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

NFT is also an altcoin project created to pump and dump for profit, it does not have any utility or use case. That's true because even the top altcoins are trash, born just to make a profit and disappear. As long as the NFT can still be used for the hype, it will still be in the market. Like meme coin, many people liken it to garbage, but many projects can bring thousands of % profit, it is not garbage, and garbage is not so profitable.

cryptoaddictchie

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Quote from: SmokerApeth on January 17, 2023, 10:57:24 PM

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

As much as nft is hype is trending we all knew how much it was down for the last few months since the recession kicks in. But in my opinion thats fine, since metaversr are just started to bloom and nft will found their place again. But od course not all since some are created only just to make money and scam activities. Anyway youll see which one are the goods one.

Margaretv

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Quote from: Kelvinid on January 18, 2023, 07:43:28 AM

Quote from: SmokerApeth on January 17, 2023, 10:57:24 PM

...
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

No matter what they do, people will see NFT as low-value projects. They can't be compared to BTC as it was an ambitious attempt and there is no need to do that because NFTs have proven nothing in the first place. If you can afford to invest in hype projects, then invest in these NFTs and so in this way you could also experience of what happened to those investors who trust them in the past.

Bitcoin is really the king in the market and despite any market conditions, this will remain valuable, unlike these NFTs.

In fact, I often go to OPENSEA to see new NFT works. I wonder why many people collect them. I really don’t understand the meaning? Where does the value of NFT come from? There are also many celebrities who have joined in. If a photo is converted into an NFT, the price will be very high. What is the future of these works?

dothebeats

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NFTs are money-grabbing opportunities created by the elite to make more money out of other people who are looking to make money collecting them. While there are some truly unique NFT pieces that have surfaced, most are still a rehash of one idea hoping to milk the hype created from it. Then again, different strokes for different folks. A lot of people see NFTs as something that they can work with and something that they can make money off of, so I guess I'll just let them be. After all, with all the people who are still willing to buy and sell NFT collectibles, it seems that the market for NFTs will not be gone any time soon.

uneng

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Quote from: o48o on January 18, 2023, 06:58:41 AM

First we would need to understand why people view scarcity valuable in anything culturally semi important, then turn that scarcity to digital scarcity and you have your answer.

But what do you mean by not being verified or protected? Their whole deal is selling collectables with an easy verification. That someone is stealing art is more of copyright issue, not the NFT issue.

Flipping physical collectables in ebay means you would need to be sure they are original, how are you going to do that? You need just trust the seller, you can't check the smart contract being correct one. Not to mention you would need a dry storage space to store them.

With nfts it's impossible to sell digital counterfeits that could be confused to be part of the original collection. You can sell copies for sure just like in ebay you can sell cheap chinese knock offs but no one wants to buy those and you could check them way more faster then physical copies.

I guess your question should be why price of altcoins is high as this is all about concept of digital scarcity.

Marketcap of BAYC is around 1 billion dollars while marketcap of doge is 11 Billion dollars. So maybe better question is why dogecoin has over 10x value to the biggest NFT collection out there. It doesn't even have links to pictures attached to the tokens Cheesy

.

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.

avikz

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Quote from: SmokerApeth on January 17, 2023, 10:57:24 PM

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

NFTs turn is gone! It will only work if global celebrities decide to launch their own NFTs and actively promote it. But if you are a commoner and you decide to try your luck in NFT market, you will be greatly disappointed. Just try if you don't believe it!

As rightly said by Mr. Elon musk, NFT is just a marketing buzzword and nothing else. This is a hype and when that hype was there, people made money! Now it's dead!

o48o

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Quote from: wheelz1200 on January 18, 2023, 11:18:31 AM

I think it was mainly a fad. There will be some need for nfts in the future but paying 10s of thousands of dollars for a silly internet picture will soon be a laugh at the table with your friends about how stupid it was.

When is that going to be? Nfts have been around for a quite a while now and they most likely are only down because of the bear market. Most nfts obviously are just silly low effort copy of a copy but so are most of the altcoins so how they differ exactly?

Quote from: wheelz1200 on January 18, 2023, 11:18:31 AM

Don't give me this art thing they are mostly all just cash grabs for their creators. Nfts that serve an actual purpose will gain traction though.

Does irl collectables have an actual purpose? What should they represent to have an actual purpose? And what kind of actual purpose are you talking about? Not too many people are talking about the fact that in uniswap v3 NFTs are being used to represent LP positions.

wheelz1200

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I think it was mainly a fad. There will be some need for nfts in the future but paying 10s of thousands of dollars for a silly internet picture will soon be a laugh at the table with your friends about how stupid it was. Don't give me this art thing they are mostly all just cash grabs for their creators. Nfts that serve an actual purpose will gain traction though.

fzkto

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Quote from: ryzaadit on January 18, 2023, 10:06:34 AM

Still trash ~XD.

It's only one of the trend, and do people are really care about the Art? Let's be honest, If you buying NFTs from a company do they really care about that? I think the reason because they want to gain profit + because some influencer is promoted them.

To many trash NFTs.

It seems to me that it's not just about pictures or art. With NFT, in the future it will be possible to copyright music or for example the supply of products. I don't know in which industry this could be used, but opensea time will definitely turn into something bigger. Similarly nft will be used in vr. I think nft will have many uses in the future.

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