Topic: What's your take of NFTs? - page 2. (Read 840 times)
NFt is real decentralized token which price is totally depend upon the artist demand. I think this is long term system and will remain for long term. Some countries where crypto is banned but they are not against NFT . United Arab Emirates now looking for NFT Collection which is very good News for NFT and more Countries will show interest in NFTs.
What's your take of NFTs?
Do you think are a long term solution/investment or just hype??
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Do you think are a long term solution/investment or just hype??
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I am sure that it is a good way for the long term. I think that the NFT has a great future, especially if we speak about NFT Gaming. I am searching for some interesting NFT projects to take part in now. And I recently heard about one Blockchain-based NFT game "reptile chronicles". The developers said that all of the members will get an excellent profit from this project. Have you heard about this p2e game? I will wait for your thoughts about it.
Many people have thought for some time that NFTs will have the same fate as icos, icos were extremely popular in their time to the point the forum was full of them and new icos were being promoted every single day.
But once people realized that icos held no future the hype died down and it never recovered, and even if since then there have been many other sources of hype it was never as big as the ico hype, so if things continue in the current direction it would not be long until NFTs collapse completely and people realize they have being deceived by scammers once again into buying a bunch of useless images that anyone can download to their computer for free.
I do not think that it will have the same faith because they are different things. I mean ICO and IEO and all of that were ways of doing pre-sale basically, something I always hated because that was like "oh you created your own money, here take my real money and give me some of your falsely printed brand new money".But once people realized that icos held no future the hype died down and it never recovered, and even if since then there have been many other sources of hype it was never as big as the ico hype, so if things continue in the current direction it would not be long until NFTs collapse completely and people realize they have being deceived by scammers once again into buying a bunch of useless images that anyone can download to their computer for free.
I know we are in crypto and it's all made up coins and tokens all around, but I didn't paid any creator to create a new money and sell me some, I traded it with other people and invested that way. So, paying someone to print their own money never made sense to me, I rather buy it from exchanges. But, NFT is proof of ownership system, totally different thing, unlike launchpads of today, NFT just means that you own that thing, and nothing more, rest is just depends on how people use this technology.
What's your take of NFTs?
Do you think are a long term solution/investment or just hype??
_______________________________________________________________________________ ___________________________________________________________________
Do you think are a long term solution/investment or just hype??
_______________________________________________________________________________ ___________________________________________________________________
In my opinion, NFT have a great future, especially if we talk about NFT Gaming. I am involved in some NFT projects and I am sure they will succeed in nearly future. I heard about blockchain-based NFT Game a few days ago. The devs are making a really good p2e game that will be similar to Terraria.
Even today NFT is losing the hype it used to have, which is a proof enough that we shouldn't really be worried about what's going to happen with it. I mean sure it does look like there is a chance to be making profit from it if we are lucky, but do you really want to base your investment and your future on just "luck", that doesn't make sense to me.
Even today if a project has enough attention they gather enough people to mint it right away all of it, and that ends up being a bit of a deal bigger than I expected because it shouldn't be able to get that many people anymore, but even the ones that does, only like half of them profits the investors.
Many people have thought for some time that NFTs will have the same fate as icos, icos were extremely popular in their time to the point the forum was full of them and new icos were being promoted every single day.Even today if a project has enough attention they gather enough people to mint it right away all of it, and that ends up being a bit of a deal bigger than I expected because it shouldn't be able to get that many people anymore, but even the ones that does, only like half of them profits the investors.
But once people realized that icos held no future the hype died down and it never recovered, and even if since then there have been many other sources of hype it was never as big as the ico hype, so if things continue in the current direction it would not be long until NFTs collapse completely and people realize they have being deceived by scammers once again into buying a bunch of useless images that anyone can download to their computer for free.
it depend if you only got your NFT from airdrops or in some NFT games for free , but if you purchase for this then you will be more concern about the movement and will check it from time to time.
Many NFT distributed in airdrop programs only have low NFT rates so they don't have high value prices, maybe only a certain number of NFTs have value because of the impact of project development and get a lot of support from the community because NFT are unique and rare. 
NFT gonna exists for a long time, it could either be a great investment and it could also be some mediocre investment it depends based from the kind of NFT that you were invested in.
if it’s NFT like sandbox maybe it could make some real breakthrough in the future, considering the fact that we are still at early stage of metaverse, if it’s just some random NFT arts that are currently being ridiculously valued at such high price point then it could very well
turns into dust in the future because it lacks liquidation means selling it gonna be such a pain in the ass, my take on NFT that it could definitely lasts for long term if you choose the rather proper kind of the NFT.
if it’s NFT like sandbox maybe it could make some real breakthrough in the future, considering the fact that we are still at early stage of metaverse, if it’s just some random NFT arts that are currently being ridiculously valued at such high price point then it could very well
turns into dust in the future because it lacks liquidation means selling it gonna be such a pain in the ass, my take on NFT that it could definitely lasts for long term if you choose the rather proper kind of the NFT.
I think NFT will have a place beside trends in the market, The NFT will stay with the market, not just a passing hype that disappears afterwards. Whether NFT investment is profitable or not depends on the number of NFTs you hold as well as the number of coins you hold.
Even I am not interested in NFT at all. I did have, but it was a gift from One exchange. I am more confident in coin tokens that have a clear utility of use. If you observe they are holding better than NFT. NFT are indeed a new idea, it seems like this will be of great use on awards for art people. Their work will have more value or price. But if NFT is used as a means of making money with Trade I don't think it will last long. Because images, songs, have a different appreciation pattern to their value. In fact, I had heard the image of nfts that used to be very expensive to be sold by the last buyer experienced a price decrease of more than 90% from when he bought. So be careful with NFT.
Yeah we all got a few as a gift from a few places. Between the payments as signature campaign for a while, and also some other stuff, I ended up getting apid with NFT from couple places as well, and played some racing game NFT as well because I wanted to play the game and wasn't interested in the NFT part of it, just wanted to race.So, I had some as well but none of them really worth anything, most of them were around 10 bucks at max, some didn't even worth anything at all. Thankfully I never spent a lot to lose 90%+ and then be out of so much money, I just a few small things gifted, and either sold them, or even failed to sell them, and that was it.
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I didn't see it even worth the transaction fee required to sell it, that much worthless these things became. If someone is giving you free NFT, that means they couldn't find any buyers, that's all that it means. Nobody who could sell and make money from NFT would be willing to share it freely to you, it would be quite a difficult decision to just give "some" of it and hope the ones in your hand would go up in value a lot to justify it.
depend in which NFT you received for free and if who gave it to you , because there will be a chances that this can have value in the future. Even I am not interested in NFT at all. I did have, but it was a gift from One exchange. I am more confident in coin tokens that have a clear utility of use. If you observe they are holding better than NFT. NFT are indeed a new idea, it seems like this will be of great use on awards for art people. Their work will have more value or price. But if NFT is used as a means of making money with Trade I don't think it will last long. Because images, songs, have a different appreciation pattern to their value. In fact, I had heard the image of nfts that used to be very expensive to be sold by the last buyer experienced a price decrease of more than 90% from when he bought. So be careful with NFT.
Yeah we all got a few as a gift from a few places. Between the payments as signature campaign for a while, and also some other stuff, I ended up getting apid with NFT from couple places as well, and played some racing game NFT as well because I wanted to play the game and wasn't interested in the NFT part of it, just wanted to race.So, I had some as well but none of them really worth anything, most of them were around 10 bucks at max, some didn't even worth anything at all. Thankfully I never spent a lot to lose 90%+ and then be out of so much money, I just a few small things gifted, and either sold them, or even failed to sell them, and that was it.
I didn't see it even worth the transaction fee required to sell it, that much worthless these things became. If someone is giving you free NFT, that means they couldn't find any buyers, that's all that it means. Nobody who could sell and make money from NFT would be willing to share it freely to you, it would be quite a difficult decision to just give "some" of it and hope the ones in your hand would go up in value a lot to justify it.
What's your take of NFTs?
Do you think are a long term solution/investment or just hype??
_______________________________________________________________________________ ___________________________________________________________________
Do you think are a long term solution/investment or just hype??
_______________________________________________________________________________ ___________________________________________________________________
It is beginning for NFT. I am sure that the NFT Gaming has a great future. I am involved in one interesting project and I wanna hear your opinions about it. I don't wanna shill or something like that. If you want to help me, you can write me a message
Even I am not interested in NFT at all. I did have, but it was a gift from One exchange. I am more confident in coin tokens that have a clear utility of use. If you observe they are holding better than NFT. NFT are indeed a new idea, it seems like this will be of great use on awards for art people. Their work will have more value or price. But if NFT is used as a means of making money with Trade I don't think it will last long. Because images, songs, have a different appreciation pattern to their value. In fact, I had heard the image of nfts that used to be very expensive to be sold by the last buyer experienced a price decrease of more than 90% from when he bought. So be careful with NFT.
Yeah we all got a few as a gift from a few places. Between the payments as signature campaign for a while, and also some other stuff, I ended up getting apid with NFT from couple places as well, and played some racing game NFT as well because I wanted to play the game and wasn't interested in the NFT part of it, just wanted to race.So, I had some as well but none of them really worth anything, most of them were around 10 bucks at max, some didn't even worth anything at all. Thankfully I never spent a lot to lose 90%+ and then be out of so much money, I just a few small things gifted, and either sold them, or even failed to sell them, and that was it.
Agreed with this, i will ignore any NFT related tot he NFT artwork but the NFT game looks different compared with the NFT art. NFT game can be developed even further and this can keep the value of NFT that issued to be used in the game.
I have some lands and the price was surging signitificantly during the bearish market. It's a bit easy to sell such asset compared when you wanna try to NFT art.
The point is that not all products related to NFT can be profitable because some are only suitable for collection but cannot be sold just like that, while those related to NFT games that have a lot of demand, I see almost all of them can be sold even though the prices vary but can still be released into the market with the demand for prices that are still appropriate. I have some lands and the price was surging signitificantly during the bearish market. It's a bit easy to sell such asset compared when you wanna try to NFT art.
The game is a pleasure in itself for dollar hunters. As long as the game made has a good development system, good work, it will be a pride forever. So I think the NFT Game community is more promising
Agreed with this, i will ignore any NFT related tot he NFT artwork but the NFT game looks different compared with the NFT art. NFT game can be developed even further and this can keep the value of NFT that issued to be used in the game. I have some lands and the price was surging signitificantly during the bearish market. It's a bit easy to sell such asset compared when you wanna try to NFT art.
There are lot of discussions about this some topic so why not read more around forum to see the best answer to your questions or possibly go to the service discussion board. Keep in mind that NFT are not seen and counted as an investment but many peoples takes it be, i hardly pay attention to it since i found it not interested.
This happens too many times in this forum. There are similar topics all around and people talk about the same thing in many different topics. I find it alright because everyone wants to give voice to their concerns and opinions, which they do in multiple topics that are similar and maybe they are reaching to more people that way. Since it's different people who open the topics up, I believe it's fine and people should talk about it.Like for example NFT is a special issue because it is both not understood well enough, but also hyped a lot at the same time, which makes it a questionable investment to talk about for many years and you can write something about it for pages and pages and still have things left to say.
One of the problems with NFT is its level of liquidity. NFT is considered an illiquid asset because whoever buys NFT will not necessarily be able to sell it. Due to the non-fungible nature of NFTs, they are very susceptible to overspeculation. This is because people set NFT prices qualitatively, not quantitatively.
What you say is true so not many people like NFT at this time even though that person has been in the crypto space for a very long time by seeing many unique concepts from various projects, but for NFT I think it still needs newer breakthroughs so that the fans can increase and are not only liked by some people with a price target in terms of product quality.I believe that we should be doing something a bit different, such as getting a new attention for it at all times. NFT is something that stays high with hype, and without the hype it has been losing attention and needs another hype to keep it alive.
As long as there are no more in-depth developments for NFT from now on, it is clear that the long-term future of NFT is still highly doubted by some people who may not be able to judge a work of art from others.
But despite all that, I think that this NFT needs further development so that its future can be stronger and longer.
That is true, there is really nothing that we could do about the fact that NFT's are as long as there is no new innovations about it. Obvious that there isn't anything that we should be doing regarding crypto, it just means that NFT is no longer big part of crypto like it used to be. Imagine being South Park and making a whole two part movie where you mock NFT's and even we do not care about it too much anymore and yet it will be there forever in their movie, people will not even know what NFT means in the future.But despite all that, I think that this NFT needs further development so that its future can be stronger and longer.
This is why I believe that people shouldn't react too much about hypes in the future, because those hypes could be big deal and look stupid at that moment but it will be something small after a while and we won't care about it. Same with ICO process for example.
That's true because after all that development is very important for the survival of the NFT itself,
because if there isn't any development I think it will be left behind,
Let's just follow the progress and see if NFT will survive
Even I am not interested in NFT at all. I did have, but it was a gift from One exchange. I am more confident in coin tokens that have a clear utility of use. If you observe they are holding better than NFT. NFT are indeed a new idea, it seems like this will be of great use on awards for art people. Their work will have more value or price. But if NFT is used as a means of making money with Trade I don't think it will last long. Because images, songs, have a different appreciation pattern to their value. In fact, I had heard the image of nfts that used to be very expensive to be sold by the last buyer experienced a price decrease of more than 90% from when he bought. So be careful with NFT. because if there isn't any development I think it will be left behind,
Let's just follow the progress and see if NFT will survive
In my view, NFT will be long term only in a few communities. I'm more interested in NFT Games. The game is a pleasure in itself for dollar hunters. As long as the game made has a good development system, good work, it will be a pride forever. So I think the NFT Game community is more promising
This means that NFT is not for all crypto communities because it can only be useful for the crypto gaming community which feels always easy in terms of enjoying all NFT games that the user still pays for, so for some people who may not like any games, NFT will be completely useless for them. The way they currently exist is useless.
I think that it's a matter of time before the hype completely dies down and a lot of people leave empty handed, especially those who have invested their savings into these things in the latter half of 2021.
However, as a technology it does have merits. And I certainly think that it is possible in the future we see more adoption.
All the thing that we do need to see is into its actual utility because this is the only way i do see for projects or trends to last that long or several years and not just because of some pure hypeI think that it's a matter of time before the hype completely dies down and a lot of people leave empty handed, especially those who have invested their savings into these things in the latter half of 2021.
However, as a technology it does have merits. And I certainly think that it is possible in the future we see more adoption.
and we've been there when ICO trend happened on which it did really result into a mess after later years but im not saying that it isnt really worth of the investment because
as you can see in overall volume and cap then we could really tell that there is really someone who are really a fan of dealing with these things.
Yeah exactly - seems too much like a coincidence how much hype and market mechanics align with the ICO hype. It's just completely absurd to have some of the valuations we see right now.
The ETH network is getting bombarded with gas wars every month because of some new drop. That is not sustainable in itself either.
Not sure how well the NFT ecosystem will adapt to fit the more rigorous demands of the market especially during the bear market. We could see a lot of bleeding as people panic sell and try to dump their stuff at prices cheaper than the next person.
In my view, NFT will be long term only in a few communities. I'm more interested in NFT Games. The game is a pleasure in itself for dollar hunters. As long as the game made has a good development system, good work, it will be a pride forever. So I think the NFT Game community is more promising
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