Topic: The Rise and Fall of NFT Mania - What's Next in 2024? (Read 55 times)
Nft is one of magic becaus when NFTs start magic than anybody can,t be do anything and one NFTs can changing life.
Some may still put some hope but the value won't be the same as the old times. The hype and craze is done with the NFTs and everyone is shifting to whatever is the new trend on the market.
So, don't be too hopeful on it if you're putting a lot of money on it for the upcoming bull run.
No one's gonna pay alot of money nowadays for an image that's embedded in the blockchain.
I agree. What's the new trend in the market rn in your opinion? So, don't be too hopeful on it if you're putting a lot of money on it for the upcoming bull run.
No one's gonna pay alot of money nowadays for an image that's embedded in the blockchain.
And then followed by Ethereum.
Some say about next one is with XRP.
The list goes on like with SOL, and other known projects.
Trend will come , people will be fooled .but in the end big players will remain triumphant lol.
current generation tokens are not truly NFT to their fullest. its why after the first round of creators scamming the market with the pretend sells(to themselves) to fake value/set market rate, after the second round of idiot victims buying them. they die out where by 70-99% of tokens then dont get sold. they repeat via a slightly altered design but still not effective. and slowly get dwindling returns
but thats just the crap tokens pretending to be NFT(current gen stuff)
thats said web3 and real NFT have yet to actually prosper. real utility outside of the sales of gimmicks has yet to be generated
..
unlike the current web3 metaverse which is jsut a glorified VR cartoon chatroom arena. things will develop..
where server hosts will rent/lease(via crypto) VR land plots where businesses can build 3d rendered VR retail stores that avatars can walk through and see products. these VR retailers can then sell shelf space to their product suppliers that then drop ship real life goods to peoples homes
unlike the current web2 2d webstores that display flat images of goods and have adverts on flat screen pages
..
as for NFT
you will see things like air drops in realworld using AR viewing or when using vR in these online 3d shopping malls. where tokens actually do more then just pretend to own an image hash.. but actually be something of value
EG imagine collecting 5 starbucks stars. which can convert to get you a free coffee. or collect 100 for a stockmarket share in starbucks
thus creating a secondary market of people collecting stars. trading starbucks for KFC freebies. and stuff
whereby having a starbucks token on your address signifies you as potential/loyal customer based on your holdings which then generates to more token rewards or has competitors air dropping you their tokens to win your custom to their offerings
where the more you collect increases your consumer value to businesses to earn more
other things like tokenising music concert tickets. whereby having a token shows you are a fan so you get discounts on merch or the next concert. or exclusive access to early release albums. or lifetime access to songs on things like spotify/itunes.
(the lsit of opportunities go on)
but thats just the crap tokens pretending to be NFT(current gen stuff)
thats said web3 and real NFT have yet to actually prosper. real utility outside of the sales of gimmicks has yet to be generated
..
unlike the current web3 metaverse which is jsut a glorified VR cartoon chatroom arena. things will develop..
where server hosts will rent/lease(via crypto) VR land plots where businesses can build 3d rendered VR retail stores that avatars can walk through and see products. these VR retailers can then sell shelf space to their product suppliers that then drop ship real life goods to peoples homes
unlike the current web2 2d webstores that display flat images of goods and have adverts on flat screen pages
..
as for NFT
you will see things like air drops in realworld using AR viewing or when using vR in these online 3d shopping malls. where tokens actually do more then just pretend to own an image hash.. but actually be something of value
EG imagine collecting 5 starbucks stars. which can convert to get you a free coffee. or collect 100 for a stockmarket share in starbucks
thus creating a secondary market of people collecting stars. trading starbucks for KFC freebies. and stuff
whereby having a starbucks token on your address signifies you as potential/loyal customer based on your holdings which then generates to more token rewards or has competitors air dropping you their tokens to win your custom to their offerings
where the more you collect increases your consumer value to businesses to earn more
other things like tokenising music concert tickets. whereby having a token shows you are a fan so you get discounts on merch or the next concert. or exclusive access to early release albums. or lifetime access to songs on things like spotify/itunes.
(the lsit of opportunities go on)
Some may still put some hope but the value won't be the same as the old times. The hype and craze is done with the NFTs and everyone is shifting to whatever is the new trend on the market.
So, don't be too hopeful on it if you're putting a lot of money on it for the upcoming bull run.
No one's gonna pay alot of money nowadays for an image that's embedded in the blockchain.
I agree. What's the new trend in the market rn in your opinion? So, don't be too hopeful on it if you're putting a lot of money on it for the upcoming bull run.
No one's gonna pay alot of money nowadays for an image that's embedded in the blockchain.
Some may still put some hope but the value won't be the same as the old times. The hype and craze is done with the NFTs and everyone is shifting to whatever is the new trend on the market.
So, don't be too hopeful on it if you're putting a lot of money on it for the upcoming bull run.
No one's gonna pay alot of money nowadays for an image that's embedded in the blockchain.
So, don't be too hopeful on it if you're putting a lot of money on it for the upcoming bull run.
No one's gonna pay alot of money nowadays for an image that's embedded in the blockchain.
The NFT (non-fungible token) craze took the crypto world by storm in 2021, with artists, celebrities, and investors jumping on the bandwagon hoping to cash in. But as 2023 progressed, some of the mania and hype around NFTs clearly started to fizzle out.
Sales volumes on leading NFT marketplaces like OpenSea plummeted from their 2021 highs. High-profile NFT projects like Yuga Labs' Bored Ape Yacht Club no longer grab headlines as frequently. And the mainstream excitement around using NFTs as social media profile pictures or digital collectibles seems to have cooled off as well.
So what happened to the red-hot NFT market? Some analysts argue the space got oversaturated with low-quality projects trying to make a quick buck. Others believe the bear market and macro conditions have steered investors away from risky speculative assets.
But the decline in hype doesn't necessarily mean NFTs are 'dead'. The technology still has intriguing use cases, from gaming and metaverse applications to collectibles and membership benefits. However, the narrative and expectations clearly need re-calibrating after the irrational exuberance of 2021.
What do you think? Will NFTs regain their appeal and go mainstream again in 2024? Or will they remain a niche sector appealing only to crypto enthusiasts? Share your thoughts on whether the NFT frenzy can bounce back or if its moment in the sun has passed.
Sales volumes on leading NFT marketplaces like OpenSea plummeted from their 2021 highs. High-profile NFT projects like Yuga Labs' Bored Ape Yacht Club no longer grab headlines as frequently. And the mainstream excitement around using NFTs as social media profile pictures or digital collectibles seems to have cooled off as well.
So what happened to the red-hot NFT market? Some analysts argue the space got oversaturated with low-quality projects trying to make a quick buck. Others believe the bear market and macro conditions have steered investors away from risky speculative assets.
But the decline in hype doesn't necessarily mean NFTs are 'dead'. The technology still has intriguing use cases, from gaming and metaverse applications to collectibles and membership benefits. However, the narrative and expectations clearly need re-calibrating after the irrational exuberance of 2021.
What do you think? Will NFTs regain their appeal and go mainstream again in 2024? Or will they remain a niche sector appealing only to crypto enthusiasts? Share your thoughts on whether the NFT frenzy can bounce back or if its moment in the sun has passed.
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