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

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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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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.

isaac_clarke22

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

~

I'll just put this bluntly and I am not advertising this nor shilling this whatever it is said, but I heard lately even more that NFTs are being used in games now these days. There is this game called Axie something? It is flooding a lot attention here in my country just because someone claimed they earned a lot from that game.
Did require an investment so it is a meh for me.
Not interested in it at all, but hey now that people will gain awareness what NFTs are.

wmaurik

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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.

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.

Ticketly.me

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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.

RockCryptoWorld

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recently, I have found such project as Deedy Digital. They are going to launch an NFT platform in the nearest time, where you can buy, sell, trade, rent out, enter NFT lotteries etc. They have a lot of interesting things that make Deedy unique. I think it is cool.

SirLancelot

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What I really really really want is a pokemon NFT game, is that so much to ask? Think about it, let's say it is in BSC ecosystem right? We have tons of NFT games these days and technically speaking making a Pokemon NFT game is not impossible, and specially would be awesome if Pokemon Company actually worked with a proper company to do that, with great designers as well, "card" game is a pokemon thing and has always been like that and it would be insane not to think that a NFT card game for Pokemon wouldn't be awesome.

It would be same logic as all other pokemon card games, you buy packs using BNB and then some NFT's come out of that pack and then you use those to fight with other pokemon masters and whoever wins... wins something? I don't know what they win. The idea is not clear in my head and I doubt I would put too much detail into it since I can't do it, but the idea is amazing, a pokemon NFT card game could be a billion dollars marketcap in under a month if it were to be made.

Noruka

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Quote from: AmoreJaz on July 05, 2021, 06:10:44 PM

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Personally, in my opinion, NFTs are a program that cannot make a profit because what is being sold can only be used for collection and cannot be used for transactions in all exchanges, I have been in the world of NFTs and only losses that I get.

maybe you venture in NFT projects that are not really valuable in the market. because if you got lucky, the NFT you bought will fetch high price in the market. that is, if you bought a real valuable NFT item. this is why, buying just any NFT in the market is not advisable. you need to assess the potential value of it in the next years to come. so just like you said, it is like a collection, so you are collecting valuable NFTs. but how can you tell if it will be valuable in the market? check who is selling it - is he a known artist or a never-heard one. of course, the chance of profiting is if you buy from already well-known artist. so yeah, there are factors to consider before buying one. otherwise, it will be a lost cause from your end.

But the real deal is to find NFTs that have value or are high potential NFTs before others find them. If you manage to do that you could get really lucky if the category you are collecting NFTs in turns out to be broadly appreciated and demanded by a decently large group of investors. I like NFT marketplaces, they allow for very interesting concepts to develop and to find an audience for it.

_MrTuyul404

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NFT stands for non-fungible tokens. They are usually created using the same type of programming as cryptocurrencies, such as Bitcoin or Ethereum, but the similarities end there. Physical money and cryptocurrencies are “worth it”, meaning they can be traded or exchanged for each other.

cheezcarls

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I collect NFTs from the following:

1 - Blankos Block Party
2 - My DeFi Pet
3 - NBA Top Shot

For me, NFTs are much cooler if they have real and special use cases than just being a digital art collectible. They are much more valuable in the long run. Like Axie Infinity for example. If your Axie’s stats are impressive, you can potentially sell it at a ridiculous high price by just simply getting it involve in adventure and PVP everyday.

Yatsan

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Here in my country, NFT become very popular since many people have already been wondering on how does this works and it is because of the feature play to earn that makes people go crazy on wanting to get along with the trend to catch up into the continuous rise of the NFT here in our country. NFT is pretty good to me in my own personal opinion and that would be easily observed as well with the people around me. As time goes on, people are starting to continuously get along with the hype of NFTs from different side of the world and it already obvious matter that it means people are having good time with it.

Ayush rana

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NFTs become more famous now a days, we have seen very big game companies actually dig into the nft space. it is still new and fresh. boom in the NFT market is very near. Decentralisation and collectibles become one of the best way to store digital data/art.

Vaculin

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Quote from: Coroline on July 06, 2021, 06:06:58 PM

I welcome this NFT phenomenon. Because this will increase the valuation and attention to these crypto assets. However, the problem is, players in NFT will grow rapidly so it is feared that there may be parties who just ride this new game and want to get a moment's profit. The issuers of these fake crypto assets promise exorbitant profits. But in practice, not a few who just disappeared and even used as a cover for the crime of ponzi schemes.

I'm worried that it never attracts buyers, collectible coins have no such importance, honestly. May the developers think that could add the interest of the community. it could help to promote blockchain technology, about crypto, but the question is does NFT give a profitable end to the investors? That I'd never look there was a promising story on these new projects but I'd found it less important.

Coroline

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I welcome this NFT phenomenon. Because this will increase the valuation and attention to these crypto assets. However, the problem is, players in NFT will grow rapidly so it is feared that there may be parties who just ride this new game and want to get a moment's profit. The issuers of these fake crypto assets promise exorbitant profits. But in practice, not a few who just disappeared and even used as a cover for the crime of ponzi schemes.

2double0

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I think that the NFT boxes' concept is much powerful against the men who cannot say 'no' to their families and want to buy something that adds suspense to the scene here. But I do not know that how does an image be used to be sold as an NFT? So once bought an NFT, how can you be so sure that the same NFT will not be minted again?

Mihawk

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Well, anything that makes new interactions possible for people with cryptocurrencies is welcome and NFT is no different. Allowing users to trade and register their art or other things is certainly an innovation and opening up new possibilities both financially and new activities and interactions. It's certainly a new market that will suffer ups and downs, but there will come a time when there will be solidity and with that more things can be done.

WNTRjon

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The reality is that most people have no idea what an NFT is.

That is going to change, soon.

Most people think NFT means digital art. Digital art can be an NFT, but NFTs can be so much more.

I am bullish on NFTs.

wxa7115

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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 could see NFTs having a future, however the first thing that people need to remember is that this is not in fact new, NFTs have existed for a very long time and it was not until the hype happened during this year in which they truly became popular.

The second issue is that currently many NFTs are scams and nothing more, the creators of those coins sell you something but you do not actually have the rights to it, basically you are just paying for a certificate that says that you own it without the rights that come with it, this reminds me of a business model in which people pay for stars to be named after them, it is funny but since you do not have rights to it you just paid hundreds of dollars for something you cannot resell and do not truly own.

wmaurik

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Quote from: pinoycash on July 03, 2021, 07:23:15 AM

I dont think even the art lover will appreciate a digital arts, majority of people invest in NFT because they have a monetary value or return of investment. But for being an art alone, its not enough reason to buy one.

Yes, the point is that everyone who likes something is to get profit either through returns or through others, not just relying on concepts such as art or others, but more on other benefits.

Maslate

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Quote from: AmoreJaz on July 05, 2021, 06:10:44 PM

Quote from: ?? on ??

Personally, in my opinion, NFTs are a program that cannot make a profit because what is being sold can only be used for collection and cannot be used for transactions in all exchanges, I have been in the world of NFTs and only losses that I get.

maybe you venture in NFT projects that are not really valuable in the market. because if you got lucky, the NFT you bought will fetch high price in the market. that is, if you bought a real valuable NFT item. this is why, buying just any NFT in the market is not advisable. you need to assess the potential value of it in the next years to come. so just like you said, it is like a collection, so you are collecting valuable NFTs. but how can you tell if it will be valuable in the market? check who is selling it - is he a known artist or a never-heard one. of course, the chance of profiting is if you buy from already well-known artist. so yeah, there are factors to consider before buying one. otherwise, it will be a lost cause from your end.

If we can never trade your collections, it is a big loss for us and that is something hard because we can't assure that someone will buy for it.
If someone thinks it is profitable, that gonna be a big lie honestly. I hope I was wrong but seeing the situation, I mean, not all love to collect those artworks.
If ever NFT hits its peak in the market, that gonna be a short stay for sure. It suddenly just gone after.

AmoreJaz

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Quote from: ?? on ??

Personally, in my opinion, NFTs are a program that cannot make a profit because what is being sold can only be used for collection and cannot be used for transactions in all exchanges, I have been in the world of NFTs and only losses that I get.

maybe you venture in NFT projects that are not really valuable in the market. because if you got lucky, the NFT you bought will fetch high price in the market. that is, if you bought a real valuable NFT item. this is why, buying just any NFT in the market is not advisable. you need to assess the potential value of it in the next years to come. so just like you said, it is like a collection, so you are collecting valuable NFTs. but how can you tell if it will be valuable in the market? check who is selling it - is he a known artist or a never-heard one. of course, the chance of profiting is if you buy from already well-known artist. so yeah, there are factors to consider before buying one. otherwise, it will be a lost cause from your end.

Questat

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Quote from: leetcoiner on July 05, 2021, 05:43:26 PM

I think NTF is a great expansion of cryptocurrency opportunities especially for those who are engaged in creative activities.
Now artists, artists, musicians can digitally tokenize their intellectual property, this is the development of technology and mass adoption.

Well, it is a part of the crypto development, ICO, IEO, Defi, NFT, plus meme coins. And what I can say with these new sets of crypto projects, they are helping more to have a better experience and market transparency which I believe that could encourage people to adopt the market. However, as the development continues, never expect that NFT will stay long, they will soon say goodbye and another set of projects had come again.

leetcoiner

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I think NTF is a great expansion of cryptocurrency opportunities especially for those who are engaged in creative activities.
Now artists, artists, musicians can digitally tokenize their intellectual property, this is the development of technology and mass adoption.

sana54210

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I like to use Diablo for an example. Image every item is an NFT on the blockchain and will be traded/sold as such. Would be amazing.
Another upcoming example is Black Eye Galaxy. Black Eye Galaxy is a decentralized NFT token. Players buy planets, starships and space stations. All as NFTs. Each planet will have it's own resources which can then be mined by staking. After a new planet is discovered it will be sold on the marketplace. The person that originally found it earns 40% of the revenue while another 10% goes to his civilization. If you discover planets with inhabitants, you can use them to create civilizations and launch your own currency.

These type of stuff where people can use their NFT are the reason why NFT world is standing still and doing fine, because it gives people an incentive to spend their money to buy NFT. Back in the old days buying pictures with crypto made zero sense to me and that is long gone, that is not used anymore and if we didn't see this improvement of using your NFT for something came out then NFT would have been dead already, nobody would have cared about any NFT.

However thanks to these new things, people are still using NFT because who wouldn't want to buy planets, have spaceships and other stuff? There are other games, there are gladiatoral games, there are have your own tribe type of games, basically many games and it is definitely something very fun to do. I just can't understand people who jump in right away without research though, the rug pull/scam of NFT world is still around so everyone should be careful.

husdemba

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The NFT craze has slowed down a bit. Even if there are a few solid projects, in general I think NFTs are malicious. NFT is a good option as a money laundering method. I think you should be careful when entering an NFT and not think long term Undecided

jatin729

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NFTs are quite new to large percentage of people.
People are getting to know about it slowly, But it is one of the use case of storing collectables items within the blockchain industry. Many gaming company try to come up with NFTs gaming platform. I personally think that NFTs can give new boom to the entire blockchain ecosystem.

slaman29

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Livecasino, 20% cashback, no fuss payouts.

I guess you're referring to the use of NFT in the creative industry. So music, art, audio, video, etc? I think it's okay. And I do read of many artists who continue to face the problem of exposure today and NFT in crypto/blockchain perhaps gives them just one more avenue for exposure even if they may never sell anything. The point for most artists is to get noticed that one important time by that one significant person.

But to achieve 90% of the crap the NFT white papers are peddling around? Nah.

pinoycash

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Quote from: wmaurik on July 03, 2021, 07:18:49 AM

Quote from: Woodie on July 03, 2021, 04:09:42 AM

Art has never been my area of interest which automatically puts NFTs off my bucket list. Am certain there is some good in them but tbh these just ain't for me.

And because this is something that came like the crypto kitties game this kind of reminds of it and there is some similarities too, so am staying far away as possible.

The field of art is only liked by people who really love art, so there are some people who don't like NFT because it was born for those who have an art mind only, and I think that's great for the variety of options in the crypto space too.

I dont think even the art lover will appreciate a digital arts, majority of people invest in NFT because they have a monetary value or return of investment. But for being an art alone, its not enough reason to buy one.

wmaurik

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Quote from: Woodie on July 03, 2021, 04:09:42 AM

Art has never been my area of interest which automatically puts NFTs off my bucket list. Am certain there is some good in them but tbh these just ain't for me.

And because this is something that came like the crypto kitties game this kind of reminds of it and there is some similarities too, so am staying far away as possible.

The field of art is only liked by people who really love art, so there are some people who don't like NFT because it was born for those who have an art mind only, and I think that's great for the variety of options in the crypto space too.

ZAINmalik75

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Basically NFT stand for Non Fungible Token. When I hear first word about nft was ( Cyber Punk) the best ever project of nft on ethereum blockchain .
After that I start searching about nft and after that I got too much kwnoledge about nft.
Now nft is most popular topic in crypto. Many nft are sold too expensive so nft has a huge value in market and everyone want to own awesome nft

Woodie

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Rollbit.com ⚔️Crypto Futures

Art has never been my area of interest which automatically puts NFTs off my bucket list. Am certain there is some good in them but tbh these just ain't for me.

And because this is something that came like the crypto kitties game this kind of reminds of it and there is some similarities too, so am staying far away as possible.

btcltcdigger

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To boldly go where no rabbit has gone before...

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

Well IMO, NFT's have a certain potential. But with anything in the world, people will use and abuse that potential in order to make a quick buck.
What was supposed to represent digital form of physical art, is now a space filled with people minting all kinds of shit in hopes to get rich

cryp24x

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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

As I look at the present time now, Axie Infinity was one of the Blockchain gaming under by NFT who is now popular so far.
Though, but the thing problem for me is that the price start up is too expensive. And the transaction fee for ETH was too high
as well in the market.

Dread Pirate Roberts

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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

Similiarty NFT are like ICO and im not fan of it. NFT are great for many artist to get more extra income and appreciation for what they make such picture . painting . video . etc but personally i dont really think investing in some NFT stuff will make a good profit. I might be wrong but i just still dont really trust concept like that.

beerlover

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Quote from: ?? on ??

NFTS in my opinion is a profitable business model for developers but for traders it will not be able to provide much profit because not all platforms can accept payments using NFTS, NFTS is more used for collection so it doesn't have a high demand so I think be careful when you want put your money in such a platform model.

Some NFT project have a strong demand in the market and right now NFT games are doing great in the market and you can actually trade them because it's value is also volatile and moving as well. For me NFTs are on a better position now especially the games not because I do play on some NFT platform but simply because their technology introduces new things here, and that's where the hype is right now.

That "game" thing really turned NFT into something much bigger. Back in the day it was just some pictures being sold and even then it worth a lot of money and nobody really made any sense in that. There was one NFT that went for nearly 70 million dollars if I am not wrong. I can guarantee you that if that guy wanted to sell it right now, he can't get half of that amount these days, don't care whose paintings it was and why it was that much but I know it won't worth that much these days.

However games made sense, because in the gaming world you could make NFT and then you could turn around and do something much bigger with it, play with it, win with it, earn with it basically you can use your NFT for something in return of buying it. This way on contrary to what it was just few months ago when you just bought pictures, nowadays you buy some utility with it.

_MrTuyul404

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NFT stands for non-fungible tokens. In economics, an exchangeable asset is something with units that can be easily exchanged
NFTs are the "only" assets in the digital world that can be bought and sold like any other property, but they have no tangible form. Digital tokens can be thought of as certificates of ownership for virtual or physical assets.
i am also have several NFT collections from Pancakeswap and Binance, I love their Art

panjay

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mmm, it gains traction/recognition for sure, last time I think beeple sold its nft for $69 million at christe.

yeah, not everyone can sell their nft for a million bucks lol, but for sure "normal" people who never heard or use crypto before begin to think that is possible to "make a profit" on crypto with just .jpeg.

hmm, I'm out of the loop, is it possible to swap nft with different chain? like punk on eth to bsc

Sendi blackspade team

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Quote from: acener on July 02, 2021, 08:57:36 AM

I only tried out Axie infinity and I really like it,
Playing and earning it is like I am getting paid to do what I want and not just that I enjoy how the play style is.
It is like mind game and you need to know and counter what your opponent would do.
But if I found some other NFT game like it then I would love to try it out too.

Vulcan seems to be a good choice for you to try.
some of the popular NFT projects now are those that come with game projects.
some new projects that adopt NFT such as social media and art seem to be starting to try. but we do not know how the interest from investors. because right now I think NFT is still popular with game projects.

acener

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★Bitvest.io★ Play Plinko or Invest!

I only tried out Axie infinity and I really like it,
Playing and earning it is like I am getting paid to do what I want and not just that I enjoy how the play style is.
It is like mind game and you need to know and counter what your opponent would do.
But if I found some other NFT game like it then I would love to try it out too.

wmaurik

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Quote from: nhaila on June 30, 2021, 03:51:28 PM

Non frangible Tokens (NFTs) the most important things in cryptocurrencies market. It's a sticker based assets which have value. It's a good art with popular celebrities.

Yes, but today there are still many people who don't know what the real function of Non-Frangible Tokens (NFT) is for the cryptocurrency market,
so try to explain a little about this now.

TastyChillySauce00

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Leading Crypto Sports Betting & Casino Platform

Quote from: nhaila on June 30, 2021, 03:51:28 PM

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

Non frangible Tokens (NFTs) the most important things in cryptocurrencies market. It's a sticker based assets which have value. It's a good art with popular celebrities.

It's not only limited to that, NFT is actually covers very wide market, the fact that NFT can be utilized for various sectors due to its capability of generating token with unique attributes and that could be taken advantage of by many platforms such as gaming
so it's not only limited to art, also software licensing, and many more. It's very useful actually, also can be used for government data, etc but maybe only works in goviernment owned blockchain.

jrrsparkles

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Hire Bitcointalk Camp. Manager @ r7promotions.com

Its a great idea to protect the piracy on the internet but in the crypto fields all those tokens created using NFTs are useless in my opinion because they don't have any real use case until now but in future the things maybe changed. Someone like Satoshi can implement the NFT in the crypto field to produce something really decentralized and non profitable token with real use case.

Yamifoud

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Quote from: ?? on ??

NFTS in my opinion is a profitable business model for developers but for traders it will not be able to provide much profit because not all platforms can accept payments using NFTS, NFTS is more used for collection so it doesn't have a high demand so I think be careful when you want put your money in such a platform model.

That absolutely we need to be cautious in putting our money for investment. NFT's aren't yet proven that it works great and profitable, maybe a short-term deal will work but aiming for a long-term investment, can be risky.

I'd to steep away from new projects just like NFT, Defi, but of course, we can't just close our door if there is worth investing in. It should be more on the market analytic strategy and we don't need to rush because someone might be playing tricks on us and we might get caught with their traps.

nhaila

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Moonbet.io

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

Non frangible Tokens (NFTs) the most important things in cryptocurrencies market. It's a sticker based assets which have value. It's a good art with popular celebrities.

apa don

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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, that's true, now think again, whether the NFT can promise us to make future or long-term projects, that's not necessarily true, because now there are many other asset markets that are competing in their markets at the same time, and try to understand first which assets we can make long-term and future.

abel1337

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I and my friends like NFT games today, Axie Infinity is a really hot NFT game in our country and it is an eye-opener for my non-crypto countrymen to start exploring crypto. There are many good NFT games that are coming and anticipated by my group because of the potential earnings we can get as early users.

devil2man

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nft are one of the trends of this year, in addition to being very nice they are also an excellent way of earning and investment, some nft on the eth blockchain reach really high prices (5 eth) here is an example https://opensea.io/assets/0x85f0e02cb992aa1f9f47112f815f519ef1a59e2d/1000000000000 but actually i prefer the nft on the eos /wax blockchain which have very low transaction fees, my favorite collection is cryptomonkeys, however there are high value cards here too https://wax.atomichub.io/market/sale/9695724

Balmain

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nft technology has entered our lives as an indispensable and technology for creators and artists and will continue to be in our lives from now on. Examining digital artworks is exciting to see this ecosystem grow.
At the same time, the nft game industry is expanding rapidly day by day and the masses have now started to adopt it. I am investing in nft projects and playing nft games.

masulum

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hmph..

Quote from: pinoycash on June 29, 2021, 08:35:06 AM

Waste of money for a simple jpeg that you can't even hang in the wall., I dont know what in the mind of those people that buying NFT, I am not sure if its worth it as an investment not unless you can stake the NFT and generate token in the process,

For people who don't love art, buying an image doesn't mean anything at all. but not for people who have an interest in art especially digital art whether related to crypto, or not. Take a look at this picture, this NFT is the most expensive NFT with a price of $70 million, for you maybe what the advantages are, but for buyers this has extraordinary artistic value.

finaleshot2016

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Degen in the Space

Quote from: ?? on ??

NFT in my opinion has good future, it's just few months ago when NFT booming it becomes a bit of a bubble but due to that it gains popularity as well because so many news released regarding NFT but in the long run
it has real use case like for ownership of certain property, etc. it's just under utilized. Many people may disagree with me but I can see how NFT could also become a big thing in gaming sector. it's just matter of time.

True, NFTs have a bright future, especially since that some NFTs are becoming increasingly popular, and what if someone created an NFT that is both useful and profitable? NFTs are a game changer in the crypto community, as seen by the fact that many individuals are interested in the potential of crypto, as well as some of its various applications.

I'm really intrigued about the NFT game in our country, I've mentioned it a lot because it's really profitable to invest in that game.

ven7net

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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 recently got acquainted with projects that work on the NFT market. At the moment it is difficult for me to say which of the projects I like more, however, I believe that the possibilities of NFT are great and may well become a new trend direction in the market. I am confident that NFTs will be able to breathe new air into the community and a number of industries and will contribute to the emergence of new and better opportunities for the development of digital assets. Now I take part in several projects with NFT and I think in the near future I will be able to answer which one I like the most, but now I can say that for me all projects with NFT are attractive because each of them has its own value.

Orange89

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I WANTED EVERYONE TO BE HAPPY IN LIFE

Nft is the non fungable token that is supported by the many top exchanges it's craze will definitely increased with the time with many top players that support the NFT many players like binance and the top rated nft platforms

TastyChillySauce00

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Quote from: seoincorporation on June 30, 2021, 12:50:02 AM

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?

I think NFTs are the best strategy for money laundering nowadays... For me is nonsense to see someone spending a huge amount of money on a digital piece of art, but is a nice way to justify a transaction... so if someone buys drugs or weapons on the internet they can justify the big amount of money with this technology and under the water send the package.

This is the only way NFTs have a sense for me. There is not other way to justify why will someone spend a big amount of money on a PNG or a JPG.

NFT is not just an art, infact art isn't the only thing that made up NFT market nowadays, and tbh those overblown art are indeed seems like money laundering or just trying to gain fame done by the buyers but NFT could be very promising like
giving a way for musician to sell license through NFT, etc. Not to mention that the thing you mentioned isn't just a JPG picture where everyone could get from internet, it's the right of ownership that make the art NFT could sells so high.

gundala

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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

At first I was confused about the function of nft, but after reading several articles and sharing with friends, I think that nft is quite potential and could become the next trend in the crypto world. moreover some famous influencers and artists started to promote their work in the form of nft. this is great, and binance also reads a huge opportunity in this niche that will open up the nft market.
It's still early stage, let's adapt well.

seoincorporation

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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?

I think NFTs are the best strategy for money laundering nowadays... For me is nonsense to see someone spending a huge amount of money on a digital piece of art, but is a nice way to justify a transaction... so if someone buys drugs or weapons on the internet they can justify the big amount of money with this technology and under the water send the package.

This is the only way NFTs have a sense for me. There is not other way to justify why will someone spend a big amount of money on a PNG or a JPG.

Princeofpoetry

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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

evilgreed

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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

The NFTs existence is probably the best thing that has ever happened to this industry since it has given such a huge contribution in hastening the worldwide adoption of crypto currencies through connecting into a wide variety of industries with the use of the NFT technology mainly focusing on security of arts, and game assets which can also branch out into other connected industries. This only makes it good for us enthusiasts since it exposes this not commonly heard industry of ours to the open world and reach people that this industry would never have been able to reach if not for the existence of NFTs.

trauchot

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At the moment, there is a hype around NFT projects and therefore more and more new cryptocurrency projects appear that will develop in the NFT sphere, but since the cryptocurrency market is correcting, it is now very risky to invest in NFT, and even in any cryptocurrency, I also think that soon the hype around NFT will begin to fall and then most of the NFTs will most likely die, so we need to prepare for the fact that soon the hype around something another will begin.

asriloni

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TBH NFTs are very good idea if that was being developed by the right developers. We can see that how AXIE infinity and Vulcan forged have become main stream platforms right now.
I do like both of projects because you can fully using your NFT on these platforms. You can start to play and earn at the same time.
There are lots of my friends already played axie infinity and vulcan forged. I have a very good experience with NFT platform. This has a very good future.

fvb

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On the one hand, this is an interesting direction and, with the right approach, can bring tangible profits. But on the other hand, it is a difficult process, since you have to be a master in digital art. Let's see what happens with Binance.

indo1

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Vave.com - Crypto Casino

NFT has great potential, as it will open up new industries connected to cryptocurrencies, one of which is digital art, and digital design. It will last much longer than the previous hype concept, although it is now not too hype, but I am sure in the future NFT one of the best concepts in the business industry is united with cryptocurrency.

pinoycash

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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

Waste of money for a simple jpeg that you can't even hang in the wall., I dont know what in the mind of those people that buying NFT, I am not sure if its worth it as an investment not unless you can stake the NFT and generate token in the process,

Skinny48

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I'm into NFT gaming project only, honestly I haven't seen a scammy one except the Art NFT projects, using gaming NFT tokens to pay for in game upgrades is never going to be worthless because this use case will always be needy, there will always be demands

finaleshot2016

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Degen in the Space

As others have stated, Axie Infinity is quite popular in our nation, and I believe that this game is doing really well because it is a game, and there are many gamers in my country, including myself, and it is also an investment. At first, I didn't think NFT was a huge deal because only the wealthy will benefit or be able to get pricey NFTs like tweets and artwork. But it's a game-changer in the crypto ecosystem when people and developers are now producing NFTs that are very affordable and relevant to everyone. Like the Axie Infinity, you can earn money by playing the game and then use it to buy another axie, which is a good idea when the current crypto market is down.

masulum

legendary

Activity: 2324

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hmph..

India is a country that is very enthusiastic about the presence of NFT. Recently, I even found a contest being run there and published in print media with 1 full page.

Quote from: Twitter Nikhil Jois @nikhiljoisr

NFT Hackathon ads on the front page of Times of India in Bangalore.

It’s a brave new world.

Source: https://twitter.com/nikhiljoisr/status/1409719083654803460?s=19

I think NFT is just the beginning before they become one of the commodity assets in the art and games marketplace. Which means, one day, NFT sales are likely to increase even more.

Rikafip

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At first, I thought NFT is just a fad, but more I am looking at it, the more I like it. Of course, majority of stuff is completely useless and is only made for developers to make some money, but here are certain applications of NFT that I like, namely in gaming.

As a veteran gamer who always like to focus on economy part of the game and trying to make a couple of bucks while gaming ( as a matter of fact that's what attracted me to crypto back in late 2013/early 2014, possibility to make some money using my gaming PC via mining) I see NFT becoming an important part of the gaming industry and sooner or later we will start getting AAA games implementing that. Those into gaming surely remember who popular Diablo 3 marketplace was, in which people could make serious amount of money just farming and selling the gear.

junkerr

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Quote from: Ceyflix-Rez on June 29, 2021, 02:47:03 AM

Be careful around NFT projects most especially those Art projects, a friend list 1000$ investing in one and it's a scam project that exit scam on her, I still refer in game NFT tokens like Vulcan forge or Citizen finance, make sure you do good research

several NFT projects with game concepts look successful this year. like the project, you said Vulcan and citizen. when looking at the value of the tokens it becomes quite expensive with steadily increasing trades.
As I suspected, this year will be a momentum for NFT projects to rise and become popular in the market.

Maus0728

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Quote from: Bitcoin_Arena on June 29, 2021, 12:55:38 AM

I know this is an unpopular opinion but should the market go on a down trend for several months or even over a year like it's happened before. All the hype will die down and most of the promising NTF's you are looking at right will be worthless.

Same thoughts. However, NFT's used in creating digital artwork for some quick bucks, hoping to sell it to another dude with a higher price seems to be true in most of NFT digital art scene. And I think the hype is now slowly withering down and is transitioning to blockchain based games NFT which I think will be pioneer in terms of "Non - fungible token" hype not and not some selling digital artwork with a huge selling price just because it is so called NFT.

Ceyflix-Rez

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Be careful around NFT projects most especially those Art projects, a friend list 1000$ investing in one and it's a scam project that exit scam on her, I still refer in game NFT tokens like Vulcan forge or Citizen finance, make sure you do good research

Bitcoin_Arena

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฿itcoin for all, All for ฿itcoin.

As a person who saw what happened in the crypto market between 2017 to 2019, I have to warn you to be very careful if you are planning to put some money into NTFs. Just use what you can afford to lose.

I know this is an unpopular opinion but should the market go on a down trend for several months or even over a year like it's happened before. All the hype will die down and most of the promising NTF's you are looking at right will be worthless.

This same thing happened to lots of tokens back then, created by both genuine and fake project. Most tokens never resurrected to see the next bull run.

cryptoaddictchie

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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

The most cool nft project for me so far is the axie infinity. The axie we play is considered as nft and this is one of the hottest game right now on blockchain. So far nft is making a huge success, even some or other people telling that this business will go down as the hype had been killed. I dont believe that, as I can see that its gonna be worth a lot in the coming days as there are lots of progress happening.

pakhitheboss

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Actually, NFT's are the next big thing. They were trending a few months back but the hype has died down a bit now. Almost all NFT projects are using Ethereum Blockchain, some have shifted to Matic and big names like Binance will be launching their own NFT platform in the coming days. There are actually a few NFT projects coming up which will allow you to purchase actual property in a different country.

Beparanf

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NFT is a revolutionary creation that will be beneficial on art and gaming industry. It's main purpose is for collectible hobby and most the crypto people do love to collect. The sky is the limit for the further application and use of NFT so the future of this technology has a lot of potential to grow exponentially. But there are many scam NFT games and projects too so always be aware on that matter.

BitcoinBarrel

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NFTs have some useful applications, but you can own the rights to copyrighted works via written contracts and legal agreements. I think there is a lot of hype behind NFTs and artists flocking to cash in on the craze, but ultimately you need to be a successful artist already for your work to be valued.

Shindrah

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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 like NFTs. A project im currently looking at is Colosseum cards. They will have football collectibles where you'll be able to packs and open them for a chance to get your favorite football player. There will even be a NFT game, called Fantasy League, where you will be able to compete against other players to earn rewards. It could really grow

blockman

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In our country, one of the most popular NFT is a game, namely Axie Infinity. You own the characters or pet and then you're going to level them up since it's a game. It's a play to earn NFT. By owning a team of axies, you can start the game through adventure and arena(PvP). It's starting to gain traction in our country because you can trade the reward into real money whether it's on P2P or into an exchange like Binance. There's also another NFT game which is named My Defi Pet that's also starting to gain traction. I guess these play-to-earn games are going to be a real thing and going to be the next trend for which we're only dreaming of it before but now, it's happening.

Sanibelt

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^^ 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

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