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Topic: What's your take of NFTs? - page 7. (Read 840 times)

hero member
Activity: 1974
Merit: 856
April 21, 2022, 06:06:33 AM
#5
What's your take of NFTs?

Do you think are a long term solution/investment or just hype??
I think they really have potential as
1) Digital collectibles (similar to old fashioned card collections of for instance football players)
2) in gaming as for instance unique & tradeable items
3) maybe as copyright protection in the future? (like proof of ownership for photographers)

The problems that I currently see is that for many it is not entirely clear what exactly the NFT is. Often it is just a URL stored on a blockchain. But what are the legal implications? What happens if the URL disappears? What happens if the underlying blockchain is hacked? Until those problems are not solved I would not use them as a store of value.
legendary
Activity: 3038
Merit: 1166
Leading Crypto Sports Betting & Casino Platform
April 21, 2022, 05:52:32 AM
#4
Its always for hypes only and they cannot replace bitcoin when it comes long term.. For example Axie, as you can see after all it seems stuck up into something reason it cannot make good progress for long time now, and you know there's more NFT's that up to now are very stagnant..
So i don't think its a good choice for long term as it's obvious that most of them always didn't last.

How and why do you even think that NFTs have anything to do with bitcoin or that they would be comparable? They are totally different protocols for different use cases. They are not fighting from the same spot


Saying "nfts cannot replace bitcoin" is like saying NetFlix cannot replace Auto industry. No one thinks they would.
sr. member
Activity: 2016
Merit: 283
April 21, 2022, 05:45:35 AM
#3
Its always for hypes only and they cannot replace bitcoin when it comes long term.. For example Axie, as you can see after all it seems stuck up into something reason it cannot make good progress for long time now, and you know there's more NFT's that up to now are very stagnant..
So i don't think its a good choice for long term as it's very obvious that most of them always didn't last.
legendary
Activity: 3038
Merit: 1166
Leading Crypto Sports Betting & Casino Platform
April 21, 2022, 05:10:13 AM
#2
What's your take of NFTs?

Do you think are a long term solution/investment or just hype??

Current use cases are stupid but it's a cool protocol idea that's definitely going to be used in lots of things. JPGs are just the tip of the iceberg and easy enough to understand. Few people seem to know that NFTs are already used to represent LP positions in uniswap v3. They can literally represent anything and that's the cool part.
newbie
Activity: 8
Merit: 0
April 21, 2022, 04:55:19 AM
#1
What's your take of NFTs?

Do you think are a long term solution/investment or just hype??





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