Topic: The future of NFTs (Read 200 times)

If you talk about which is good, maybe it really depends on the experience of each person, sometimes there are also some people who have gotten the real advantage of the ICO, but in this case the effect of the development of Crypto is very dependent on the developer, this is very beneficial We choose NFT, in general they develop well for now and many projects have proven successful.

I think many other applications can use NFT. It is proof that crypto has now evolved to benefit human life. At least, they can make money from crypto and the trend. The trend of NFT is becoming bigger as many new projects try to connect it into gaming or art, so it will have the possibility that we will see another thing that will use NFT. But still, NFT needs to run and build new things for human life so NFT can be a bridge between a digital world with real life. It is like what crypto has already done and maybe in the future, it will fully connect each other between real life and digital life.

I guess you are right, but what makes NFT's different from ICO? I guess it is destined to be doomed like what happened to ICO way back 2017. I just see random arts and there is no use case of them and just there to be collected, paintings in real life that cost a fortune is understandable but this NFT arts that I can't even touch is a no for me.

What you said sounds unconvincing and the popularity of NFT will also be saturated in the future because in the eyes of crypto users, this also does not have many exceptional strengths compared to previous trends, also just a form of investment and talk about the preciousness of the token then marketing and promoting the app for the business and the future. Innovating is more than just a few famous brands that want a unique collection with NFT but the limit is only in passion and hunting for rare things, not showing any more value in the future

I would rather stick to top coins which has a better foundation rather than risking things on NFTs these days because, to be honest, non-fungible token are just usually carried by too much hype but having a hard time burning their tokens that they couldn't even control its supply. Yes, they are profitable but I don't think they're good for a long-term hold.

NFT means (non-fungible token) it is a new trend it is going to be famous day by day. I think NFT has a bright future. you should also make an investment in NFT it will give you
huge profit in future

The future of nfts is very bright day by day the nfts market goes high I am sure in future nfts give us great benefit if we learn about nfts and hold some

I like alt and games for nft, but not all alt and games have good prospects in the future, so need an analysis to know good projects involved in alt and games, it is indeed difficult to get to know projects that have stability and level of success, but at least us must be able to identify and know the real project, that is the most important in investment.

I think NFT is very great for investment because you purchase a NFT on a cheap rate and you sold this NFT in a high profit but this all depends for a quality of project and the type of NFT .
And there are some types of nft and project specially sports NFT project are very successful project.
And the future of NFT are very bright soon the NFT project are go to the moon and everyone hold a NFT.

ICO, become IEO and IDO but what happened after that people lost interest and finding the bew sector like NFT now these are just good for getting short term returns so I will not invest on them for long term. There is no doubt in that many projects raised in millions in few hours but many of them ended as scam and remaining just become another dump and bump token or coin so nothing actually changed when it comes to utility

Games. But had to be careful because most of it drops down in value after early birds takes their profits away as early as they could. I think that's the weakness of NFT games. Perhaps, they could come up with another method that would control outcoming money so that it will last longer.
Other investors which have goals to go deep in playing the game are being discouraged because of this events. The rush to take ROI and early profits are destroying the economy of one NFT game which I think will not last long anymore.
So what's the method to avoid that? Join as early as possible as long as it doesn't look like a scam.

Nowadays NFTs are mostly associated with entertainment and digital art, but I know that it is not its limit. Non-Fungible Tokens can be used for transmission and storage of information and different documents. Everything from the real world can be tokenized and sold via blockchains. I follow some projects that tokenize real property, documents and even ideas.

Based on my observation I think NFT are able to gain wide mainstream awareness toward the NFT itself and cryptocurrencies on the surface, while ICO were particularly a niche-specific market that only regular cryptocurrency users are adopting. So I do too believe that there is no reason NFT will fade away instantaneously. Not to mention that NFT is still early, so there is a lot of room to grow.

---

Well actually, the clothing space entering NFT are already happening in my country(Indonesia), recently, there is a collaboration movement within among established fashion industry to enter NFT spaces, they are all make 3D model of their clothes and make it as an NFT.

NFT has a market above what we currently have, having the metaverse and play to earn game coming into the spotlight is the best thing that would happen to the NFT trends. Already characters can be minted into NFT and lands in the metaverse are also NFT meaning more and more items can be minted I to NFT soon like building etc.


This is already becoming a trend as everyday there's news out there of already big and established company comings into the NFT industry, sooner we'll  have all sector here like the drinks, food, clothes, shoes etc company's minting their brands into NFT and then they can be hosted in the metaverse space.

Even Mike Tyson is into NFTs right now and I think its great. We all now the chance to have a piece of art that is backed by blockchains which is farm greater than physical arts. There are still lots to explore by which developers can still discover.

Play to earn game, and many more. NFT can still be explored by the developers. The development a new trend will always have needed a long term process. I will try to remind you with the defi trend which has been brought by yearn finance platform tot he crypto as it's the first defi that available in the crypto and i have seen how big the hype that came to the YFI but with the goes of time and so many new defi appears in the market and remember that these new defi has more and more improvements to the old system that introduced by yearn finance. That being said that if roma was not built in a day.
Any negative comments about the trend didn't know how hard to build the long term progress. That's why i will never blame NFT as a bad trend. It needs time time ti evolve.

You are right but what can we do other than joining the race and making money out of them before the hype is no more? That's how crypto space works since the ICO days, we have IEO and now IDO, meme coins follows likewise metaverse too, everything is just time base the smart ones will just join to make money out of them

So far, I've ever had NFT, and I think that was good enough. The assets is just a picture, but it can be sold or swap to money/token.

I believe that almost all of the big company will be interested to make an NFT, beside its potention, but More profit will come after that.

Many projects has made NFT, and I am grateful to try it.
By the way, I have ever tried NFT From MythArt, DeHero, etc.

So far the app I've seen as good for NFT is a gaming platform.  I played axie infinity and thetan arena. Two NFT-based games are very interesting to play. The cool thing is that in this game just as we invest every day or a certain period of each completing mission we will earn coins as a return on the ones we invest.

I am not sure we can compare the ICO phase to the NFT boom, ICO was literally a period of time where any projects could collect money without any legit use case, but when it comes to NFT space, there are some legit projects out there, i was reluctant to jump into the space for a very long time, but once i started looking closer, i changed my perception. Some of the AR VR products some of these projects are launching is outstanding.

I can't compare the NFT trend to the 2017 ICO trend where even a rubbish project can make a good profit. Here in NFT, it seems a big deal at most and the daily sales on OpenSea are the best proof of it. NFT blockchain games also contribute to the popularity of it and unlike projects after ICO, some NFT-related games sustain their operation and yield profit to most people.

The NFT trend will last for a long compared to the other trend we experienced before, ICO, IPO, IDO, Defi, etc

Everything you can think of, you can find on NFTs. It's like they have specifically created this market to dump everything they can into people's mouths and make them believe that it's worth something. The idea for something insanely overpriced for normal things has become normal thanks to NFTs. I'm not hating on celebrities getting their shit on the internet and creating a market for their own "useful" stuff, but the idea of getting profits out of someone else's overpriced shit is quite the norm today, and it's just saddening that a lot of people are getting lured into the bullshit most of the time just because they trusted some people that their shit are worth something.

Those fan tokens are just made up use cases for NFTs in my opinion. They do not really need to create one just to have a "currency" for the athlete or celebrity and their followers. I'm also not fond of using NFT for arts. NFT gaming for play to earn is a much more acceptable use case for me so I think that's where the focus should be.

Arguably ICOs evolved into IEOs and IDOs and such, with much more reasonable amount of money being raised. So I think it's not as clear as simply fading away. I agree NFTs are widely overvalued, but just like raising money for new altcoin projects has remained popular, so will these new tokens I imagine. The art & collectables industry are loving them, even if the crypto market isn't so impressed.


There is utility these days in modern NFT collections, from the obvious staking and DeFi-based yield farming, onto it being used as access for physical and virtual events or places, as well rights to use in music & film. It seems insane right now, but if Facebook and others are successful with their Metaverse development in the future then the value of avatars are suddenly going to appear more realistic imo.

People thought the bubble had popped with CryptoKitties in 2017, but it didn't. Then in March after mainstream exposure, before it really started to take off. Just like altcoins 99.9% of them will fail and become irrelevant, already 90% have lost most of their value etc, but seems obvious that some will continue to survive and thrive, even if not the like of cryptopunks or bored apes.

I also think buying a Picasso for millions is madness,  as you can simply find your own copy, download it and print it out, and it's nothing more than some paint on a piece of paper woth $$ at best. But clearly this hasn't devalued his collection, neither the number of copies nor the number of fraudulent pieces. Sometimes a longer-term perspective is useful here.

NFTs are definitely picking up in the crypto trend. Great few examples of this is how NFTs are now intrinsic of the play to earn game mechanics, how NFTs are generally used as blockchain-stamped proof of asset ownership, and more recently as collateral for lending/borrowing.

However, with all of these models in place I'm not convinced that we're there yet to really use the power of NFTs. One limiting factor for this is of course the technology as most traditional NFTs are minted on Ethereum where the fees can be substantial.

So, the way I view it NFTs do have a place, they do have a bright future and I think we're just touching the tip of the iceberg.

Exactly what you are saying.

There are a lot of projects out there that is just purely making money off hype right now, and those are the ones that are first to go honestly.

Be aware of quick cash grabs. They can turn out to be ridiculously high priced JPEGs.

i believe otherwise. i think nft business is just beginning. now, artists, singers, popular personalities are just discovering the new digital way on how to reach out their fans. if this is just a hype, this hype will survive long as these personalities will try to get on board on this NFT business. but if you are a buyer, definitely, you need to be smart on this. just buy what you think will be important and valuable to you. not because you just want to buy and hope to sell it in profit.
as nft collectibles may turn to be cheaper later on, for those who are hoping to sell it at great profits will regret buying expensive nft items.

Did ICO last longer after the hype? No, right that is what eventually will happen to NFT as well in my opinion. Someone started the craze and now its trending with no actual utility. I like the non fungible token idea but it is not really too great to involve them in every sector.

That's just an opinion that I'm thinking that almost everything might get into NFTs soon. And that's one that came to my mind, what happens next is, I have no idea for it.
Maybe there would be some sort of loyalty and rewards for those that will have their memberships minted onto an NFT. Well, it really depends on the company that would do that.

We can expect more NFTs to come until the hype was gone just like the ICOs before but since Metaverse becomes a new trend, I think good NFTs will stay and we can be more profitable if you see a good project with NFT and Metaverse. I believe, ICO situation before are different compare with the current trend, NFTs becomes more valuable as many celebrities and artist started to sell their art thru NFTs.

Many artist are going into NFTs because they know they can easily sell that NFTs since they are popular and we cannot blame them for taking advantage of the current hype of NFTs, the future is still bright with NFTs and no sign of downtrend yet. There’s a lot of options when it comes to investing with NFT and seriously, I choose the NFTs with a real usage and good privileges by owning it.

I can totally see the need for memberships, but once you redeem it, I wonder what the NFT will look like. Will it get burned? And with gas fees it almost doesn’t make sense to be minting NFTs for applications like this

Almost everything that they can apply is possible to be added in NFTs. IMHO, next time it could be memberships that are legitimately coming from huge companies that are giving subscriptions. Anything that these companies can capitalize and monetize, they might do it at their own will.
The possibility of it is endless until we see some huge drop for most of them. But with those collectibles, they seem to be unstoppable for now.

I don’t know about you, but it looks like we’re in the ICO stage (2017) stage of NFTs. Quick cash grabs, high floor prices, etc.

Beyond art, I see so many other applications for NFTs. Example: Michael Jordan creating a fan engagement platform with NFTs, companies like 4K turning physical goods into NFTs to leverage, music platforms that sell NFTs to redeem for experiences, etc.

What other applications do you guys see for NFTs?