Topic: The Future of NFT - page 6. (Read 1037 times)

I think you missed the main wave of growth in prices for NFT tokens. If you like NFT, then it is better to invest in NFT tokens of projects that you think will be popular in the future. This market is much more complicated than the cryptocurrency market and there are more frauds. And identifying scam is much more difficult.

NFT and bitcoin are completely different things. You simplified it too much that you ignore what distinguishes between NFT and Bitcoin itself, and it is wholly unrelated.

After all, as you have indicate that the implementation is spread across many big players, do in mind there is also a platform like Opensea, etc. The main point is the future of NFTs will completely rely on how many platforms centralise any aspect of NFT. If the NFT ecosystem wants to thrive, it is necessary to narrow down how the users interact with the ecosystem. With that in mind, it will significantly rely upon the big platform, for example, in which Twitter implements a feature that is able to connect their NFTs into an account.

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.

Many people are all about the hype and hardly about the utility and concept.
Good thing about investment especially crypto is you have different options, those who sees nft as a useless trash can invest in other useful projects.
One thing to note is,  top brand companies are going into ntf and metaverse full force, perhaps they love to waste money on useless trash. 

I'm going to second this and also say that the future of NFT is regulation or centralization. The window is closing down on anonymous developers and digital art "creators" that sells anything in the guise of decentralization. I can see Government authorities would create and impose rules specifically for NFTs sooner or later.

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.

You shouldn't really compare Fungible tokens or coins with non-fungible tokens. They serve a different purpose. Like comparing stamps to fiat money.
And i don't see it's NFT's "turn". NFT can coexist with fungible tokens, they are not fighting for the same space.

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 .

I still think NFTs are pretty pointless. Someone just might make an NFT using art os someone else and make money out of it. But NFTs can't be fully protected by the government, because it's crypto. But if it's not verified and protected by anyone, then what is the point of it and why the price of some of them is so high?

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