What do you guys think about NFTs? | Bitcointalksearch.org

matchi2011

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Quote from: gr33n_petrushka on July 19, 2021, 06:41:22 AM

Quote from: Princeofpoetry on June 30, 2021, 12:20:17 AM

NFT brings the change of artwork to digital. I don't have any NFTs yet, but I'm interested in making my own NFT. I think the growth of NFT will be better in the future especially for artists and creators

Yes you are right! NFT has great potential as it will open up new industries related to cryptocurrencies, one of which is digital art and digital design. Have you heard of Deedy Digital? Deedy is an NFT platform powered by Binance Smart Chain where users can trade, rent, view, buy, sell, participate in NFT lotteries, support and communicate with the creators.

I din't have any idea yet but I really wanted to learn more about this system, I've heard lots of good stories about NFT investment
but I'm carefully researching and observing the market.

I don't want to fall into any scam project better to have more deeper knowledge before you push your investment,
learned from those past system that's been a hot for a while then turned to scam after.

gr33n_petrushka

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Quote from: Princeofpoetry on June 30, 2021, 12:20:17 AM

NFT brings the change of artwork to digital. I don't have any NFTs yet, but I'm interested in making my own NFT. I think the growth of NFT will be better in the future especially for artists and creators

Yes you are right! NFT has great potential as it will open up new industries related to cryptocurrencies, one of which is digital art and digital design. Have you heard of Deedy Digital? Deedy is an NFT platform powered by Binance Smart Chain where users can trade, rent, view, buy, sell, participate in NFT lotteries, support and communicate with the creators.

WNTRjon

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Quote from: N2CoinOfficial on July 13, 2021, 07:40:08 AM

NFT stands for non-fungible token.

In economics, a fungible asset is something with units that can be readily interchanged - like money.

With money, you can swap a £10 note for two £5 notes and it will have the same value.

However, if something is non-fungible, this is impossible - it means it has unique properties so it cannot be interchanged with something else.

It could be a house, or a painting such as the Mona Lisa, which is one of a kind. You can take a photo of the painting or buy a print but there will only ever be the one original painting.

NFTs are "one-of-a-kind" assets in the digital world that can be bought and sold like any other piece of property, but they have no tangible form of their own.

The digital tokens can be thought of as certificates of ownership for virtual or physical assets.

Source: https://www.bbc.com/news/technology-56371912

N2CoinOfficial

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NFT stands for non-fungible token.

In economics, a fungible asset is something with units that can be readily interchanged - like money.

With money, you can swap a £10 note for two £5 notes and it will have the same value.

However, if something is non-fungible, this is impossible - it means it has unique properties so it cannot be interchanged with something else.

It could be a house, or a painting such as the Mona Lisa, which is one of a kind. You can take a photo of the painting or buy a print but there will only ever be the one original painting.

NFTs are "one-of-a-kind" assets in the digital world that can be bought and sold like any other piece of property, but they have no tangible form of their own.

The digital tokens can be thought of as certificates of ownership for virtual or physical assets.

criket

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Quote from: killerfrost on July 12, 2021, 11:07:29 PM

lol there is really strong repetition, it's far from my expectations of the NFT market.
The real growth of recent NFT projects also attests to the exciting power NFT projects bring, but I still can't see a real value in the existing NFT products on the market town.

it really happened. The power of the new market ecosystem has been created and it is increasing quite well.
now more projects and markets are accepting NFT. it means that adoption is increasing now and we know that in the future it will be very valuable because NFT has a market that they have built themselves.

killerfrost

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lol there is really strong repetition, it's far from my expectations of the NFT market.
The real growth of recent NFT projects also attests to the exciting power NFT projects bring, but I still can't see a real value in the existing NFT products on the market town.

dudusix9

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I think NFT's in video games will be really fun. Whether that's in DLC or in the form of unique weapons and armor in rpg's or first person shooters. I could see it blowing up big time if game makers get seriously into it. It's why I own a little ENJ.

Here are the games I think will be in the mainstream after a year. AXIE, $ANRX, GODS and UPX

MusaMohamed

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Quote from: Yamifoud on July 12, 2021, 04:25:51 PM

The hypes will just last shortly. Coz I don't feel that NFT would give an interesting look for the people around. Even me, I'd better choose images in real rather than seeing it in digital. Well, we can understand the current trend about digitalization but something has some limitations. And it could be more suitable in terms of currency but not in the world of art.
But anyway, digital art is good looking for those who love it and they still invest their money with them. However, it can't really sure that this could get a major impact on the market change coz I think that majority will stick to real images.

DeFi has products to use for people but NFTs are more like a ponzi and scam trend. Arts are different to sell in real life and now they bring arts to digitallized, decentralized blockchains. It is unrealistic to see NFT arts have so much more expensive price than real arts.

They create a trend, buy low, sell high, sell higher and higher, stimulate the crowd. Then when the crowd join the NFT trend, they will exit. Who buy NFT at top and expensive cost will have been very difficult to sell and get capital back. With cryptocurrency, you can buy at all time high, wait for other all time high or just a retest to exit with a draw or a minor loss.

With NFT, when the trend goes away, you will have to hold your NFT at ATH forever.

Yamifoud

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Quote from: SaShiRaJaVu on July 12, 2021, 03:48:45 PM

Quote from: ?? on ??

I think NTF is our future. We already have digital money that has been developed for some time by various countries, including China, and various banks.
The world is moving into a fully digital age, which means more and more things will be digitized. NTF is a step towards our future.

We are in a digital era, but i am not too convinced with the NFT concept with the things i am seeing as some of the launches are receiving huge remunerations than we expect especially for digital images and i am not sure why would anyone spend huge amounts for digital images, it has its potential and will change the way digital media is transacted but i am curious to know how long the hype will last.

The hypes will just last shortly. Coz I don't feel that NFT would give an interesting look for the people around. Even me, I'd better choose images in real rather than seeing it in digital. Well, we can understand the current trend about digitalization but something has some limitations. And it could be more suitable in terms of currency but not in the world of art.
But anyway, digital art is good looking for those who love it and they still invest their money with them. However, it can't really sure that this could get a major impact on the market change coz I think that majority will stick to real images.

tabas

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Quote from: ?? on ??

I think NTF is our future. We already have digital money that has been developed for some time by various countries, including China, and various banks.
The world is moving into a fully digital age, which means more and more things will be digitized. NTF is a step towards our future.

I also think so but it's too early to think of the future but we cannot deny that some of the NFTs really are worthy to invest and having their value, we're being encouraged to own at least one of them. NFTs are not the usual currency that we use, they're different from the usual cryptocurrencies that we've got and they also have their own value that we're taking into consideration because it's the likely that they're promoting with NFTs on their own platforms and use.

SaShiRaJaVu

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Quote from: ?? on ??

I think NTF is our future. We already have digital money that has been developed for some time by various countries, including China, and various banks.
The world is moving into a fully digital age, which means more and more things will be digitized. NTF is a step towards our future.

We are in a digital era, but i am not too convinced with the NFT concept with the things i am seeing as some of the launches are receiving huge remunerations than we expect especially for digital images and i am not sure why would anyone spend huge amounts for digital images, it has its potential and will change the way digital media is transacted but i am curious to know how long the hype will last.

haidil

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what I know at this time is that NFT is starting to rise and there are lots of fans here. this is not without reason because apart from NFT it is fun (because some of them are games) this NFT can also be used as our capital for Farming because there are several NFTs devoted to it.
I myself like this way where we can have fun but on the other hand we also benefit from making money here.
and from some I have NFT from Black Eye Galaxy where here I can farm and here you can farm as much as possible because every month you can get hundreds of $. besides that I also like Axie Infinity because it's like a game in the form of PvP where we can raise our NFT level here and it's very fun to play

MusaMohamed

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Quote from: tygeade on July 12, 2021, 08:55:12 AM

The creativity that NFT allows is a new breed of things for crypto. It just allows people to use NFT as a stepping stone and then do something they want and that is the type of creativity that designers and coders needed for a long time.

NFT is a bad trend than ICO, IEO, IDO or DeFi. Who will spend million of dollar to buy a NFT art?

It is ridiculous high and it looks like unofficial Ponzi scheme. The last buyer will be stucked with bought NFT for long time or forever. Because the last buyer bought it at top or All time high.

Quote

I felt that the crypto world in the altcoin section were just a bit too timid, it was something that was all codes and codes and codes and if you had a better new code you could worth something and if your codes were bad then you would worth something small, but thanks to NFT now there is more room for marketing and more room for improvement as well, doing something better for design and marketing that makes things a lot easier and creates a whole new room to improve in crypto world. That's why I believe all these creators are happy and hyped about, and investors can see that so they invest into people's projects to encourage them and make more money.

NFTs are for greed, hype and gamble. The earlier participants will probably get good price to sell their NFTs and take money. Later participants of the game (buyers) will not able to find other buyers to sell those NFTs.

I would take risk to accumulate Bitcoin rather than over gamble with NFTs.

tygeade

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The creativity that NFT allows is a new breed of things for crypto. It just allows people to use NFT as a stepping stone and then do something they want and that is the type of creativity that designers and coders needed for a long time.

I felt that the crypto world in the altcoin section were just a bit too timid, it was something that was all codes and codes and codes and if you had a better new code you could worth something and if your codes were bad then you would worth something small, but thanks to NFT now there is more room for marketing and more room for improvement as well, doing something better for design and marketing that makes things a lot easier and creates a whole new room to improve in crypto world. That's why I believe all these creators are happy and hyped about, and investors can see that so they invest into people's projects to encourage them and make more money.

fileo

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I think NFT is getting hot now since DeFi hype gone. Some of NFT are totally surge into x150 after 1 year. I would not mention the old NFT that has a $million in value. I didn't thought that NFT will come up far. My overall point of view, NFT is not yet in total transformation. Maybe this is just the beginning.

sapnu

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Quote from: Sanibelt on June 28, 2021, 04:47:29 PM

^^ Like that title says. I want to know more about what you guys in Altcoin Discussion think about NFTs?

Do you have any overall thoughts or even any NFT projects you like? lmk

So far, NFTs are making so much noise in the market lately considering the "too good to be true" profit they offer to the players. One that's been circulating and taking so much popularity right now is Axie Infinity wherein the value of the SLP has grown a lot ever since it hit the trend. Lots and lots of people are buying their own teams which led to the sudden price pump. We all know what happened last time in the market wherein bitcoin experienced a bull run but continuous dump afterwards, let us hope it will not happen to NFTs too cause no matter how much we try to deny it, it is still possible.

santiPOGI

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Quote from: Sanibelt on June 28, 2021, 04:47:29 PM

^^ Like that title says. I want to know more about what you guys in Altcoin Discussion think about NFTs?

Do you have any overall thoughts or even any NFT projects you like? lmk

I've NFT since 2017, and only this time I became curious of this like in Axie infinity where it was too popular now.
Almost all game players here are too addicted to this game, even it is too expensive still price doesn't matter to them.
And the the next one I think that will explode like axie in the future is mydefipet I think.

justdimin

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Quote from: wmaurik on July 08, 2021, 02:38:24 PM

For now, this can only be awaited by everyone because there is still a possibility, and even then if NFT always has good development and there is no other competition that must be fought every year, because in the crypto space every year there are always new concepts that could be born become a new trend.

That's the good part about NFT, it is not something that stays still, it is something that can constantly evolve and because of that the attention to it will grow as well. NFT doesn't mean a token, it doesn't mean a picture, it means a system and there could be many NFT system or many tokens many things that uses NFT and all of it will be great. First it was just pictures, then it became gifs then it became tweets then it became games. It constantly improves and becomes better.

It means if the world of crypto grows bigger and bigger, that could still be matched with NFT growing bigger as well and newer too! So, that is why I used do not understand what the deal was with NFT's but now when I look at it I realize how great it could be, that is why I am not really bothered by it anymore. I am not still investing much into it but I probably will in the future.

CryptoGuy42

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Quote from: Ticketly.me on July 08, 2021, 08:01:04 AM

There are so many possibilities in forms of creation and displaying NFTs that I believe that in a few years NFT collections will be on par with physical ones, especially that many of them will be NFT exclusives.

I think so as well.
Creating a new world has another avenue now.
That is why I am looking at projects like Black Eye Galaxy. I can now own a planet and make returns off NFTs that I pull.

2tang

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Quote from: ?? on ??

I am not fully in love with NFT but I'm near to like it due to the fact that NFT is not now with incredible marketcap. Maybe soon I'll buy one of NFT. I will make sure to buy even just one NFT as another collection. I also think that NFT might be the next trend in crypto space after DeFi.

Yes, but it also requires accurate certainty because everyone will not know what will happen next year in the crypto space, it could be that a new trend will beat NFT, it could also be the other way around, namely NFT beat the new trend that will be created by developers in the future the following years.

Topic: What do you guys think about NFTs? (Read 836 times)