Topic: Where do you see NFTs heading in the future? (Read 327 times)

I don't know why, I don't normally like that NFT token or project from beginning. So when people were participating I was not interested to do any of their activities one day. And now it is not even popular like before again in the forum too. And in my location nobody is mentioning it name again. It's like a dead project in my area. All those things are part of the bitcoin ordinals that are causing this congestion and making the transaction fee very high.

People and friends have been telling me to participate in NFT but I refused because I don't like it. In the recent time I have not seen it in most of the exchanges.

There is but this market is gonna become obsolete for a normal person. But if these arts, photos and things minted on the blockchain comes from a known personality or celebrity.
That market is for them, they will have no problem selling it because there will always be the fans that are willing to spend money for them and get to buy a stuff from them even in digital form.

There’s a big potential and there’s a lot of good projects that are here to stay, maybe they are just struggling right now but sooner or later they will rise again. The hype might fade for NFTs but I see this as a temporary trend and we might see another surge for NFTs. They have to innovate more and prove that they are giving a good projects and services, if you are still into NFTs make sure you deal with the good projects.

Well, there are good NFT Projects to invest. However, it would be hard to determine which one would be lasting for a long period of time. There is a high volatility with small NFT projects. On my end, I tend to just flip the amount then target other projects than to stay into one and hold for years. Hype declines especially if there is a small community behind an NFT project and it would be safer to just take profit regardless of how much profit is, as long as there is profit. On the same extent, most of NFTs market prices are falling continuously in the long run. My personal opinion for this is because of communities sustaining the demand and prices of these artworks. If more people would acknowledge NFTs in this industry, then there is a higher tendency for these projects to grow. But as I've mentioned, not all are good for long term holding, so be careful on choosing one.

Most of those doesn't have usecase and some of NFT arts created are just display on our wallets so its expected once lots of investor are done with this projects it same with other technology introduce subsides down.
What we see on NFT scene now are same scams like what we see on ICO so provably if there's no revolutionary thing will happen maybe we can't see any future for it.

On gaming scene maybe there's some chances that it will excel but once a lot of scammers destroy the reputation of gamefi's then maybe we can expect a downfall of those projects and maybe no people will trust those new project will came in the scene.

I agree with this, looking at the trends in the crypto world, we usually see stuff that are not always that great and end up with stuff that doesn't really benefit everyone. I believe that NFT will end up being one of those hyped trends and nothing more as well. I get that it may not be that easy to just stay away from it when you see so many people making money from it, but that is the way it is going to be and if you fail to stay away then you are only going to hurt yourself, it is much better to stay away from it as much as you can.

I personally stopped investing into it right at the bear market start, during early 2022, that meant that I haven't invested a dime into NFT world for more than two years now, and been happy about that decision.

The goal and purpose of NFT are really good especially if it is in cryptocurrency, it is really intended for it as we now becoming digital and powered by the internet.
It's more likely these kinds of projects are helping us to have a comfortable day-to-day life.

For me, NFT is still not dead. We are just early and there are still a lot of people don't know how to use it or not yet introduced to it.

Absolutely nowhere as we have seen so far. We all know that NFT was a hype for a while, I remember clearly there were plenty of periods like ICO or IEO and all that, and all of them ended up being nothing, maybe a few stayed form those days and maybe a few NFT's would stay from these days as well, doesn't mean that it is going to be a forever thing, it is just not realistic.

I believe that we are going to end up with a much better result, we just need to arrange a situation that would be a little bit more sensitive. I hope that we could see that getting better, and eventually we will move to a better way in the future as well. I believe the best thing to do right now would be just focusing on how we could get a lot better.

Creating photoshopped art right now is very easy hence, the value of these will almost worthless and with the addition of AI, creating an art has never been easier.
I mean just a phrase of what you want to generate and *poof*, images will come out. If you're good at describing the picture you want, the better the outcome is. Save the picture, and sell it on Opensea. Just imagine how many people can do that? Everybody can do that and this is the reason why NFT's especially those JPEGs and JPGs will not have a significant value in the long run.

Based on my observation, I only see NFTs being used as a requirement for some airdrops for them to be eligible. You need to mint an NFT on their blockchain for a bit of money + fees, and that NFT will be used as a criteria for an investor to be eligible for an airdrop. Right now, that's the only use case that I'm seeing with these JPEGs and JPGs.

Overall, it's hard to predict where NFTs will be heading in the future. They might be sold for a lot or not because they don't have any value at all. No in between.

Idk, they seem like they'll forever be a niche market for me. A lot of the art in there is just stuff that people made to make a quick buck, with more effort spent on the marketing segment of things rather than the quality of the product itself. There are still some items there that are worth the price they're posted in, heck some are even underpriced compared to the damn thousands of dollar monkey jpegs people made back then.

There's other use cases for NFTs right now as well other than the art itself ofc, but again they're mostly focusing on marketing it instead of improving the product itself. I do believe with someone appreciating someone else's work though. I've seen quite a bit of quality NFTs in the past.

There's no future or not, there's no way that we could really be able to tell on where it would really be heading. It would really be always matter in the demand and recognition. Basing up on the current
condition of NFT's now on which it wasnt the same back into the previous years where they are really that making those pixelated images to cost up millions or hundreds of thousands.
Usually NFT now does have that kind of specific utility which is mostly been that applied by some projects which you would really be still having the option whether you would really be
purchasing it or not basing up on the utility that it gives which i would really say that it is really that more better in compared into those images which doesnt have any
utility at all. When it comes to future talks then there's no way that we could really be able to know on whats up ahead.

I find it weird how people in here see that there's no future for nfts. To me that sounds like there's no future for erc20 and other fungible tokens. And everyone seems to base this on the fact that they are selling them as link to images. Well fungible meme tokens aren't even that, and yet they have so high marketcap and volume, and such a strong history already that we can't just ignore them as a fab either..

And for the last time, nfts have other use cases then some images linked to them. It doesn't however mean that nfts would be sold as expensive tokens. They can represent anything like they do now represent liquidity positions in uniswap. That's a literal use case happening right now.

NFT now works as some kind of identification for airdrop receiver its not about art anymore, moreover most of the NFT are just generated so I think its heading in the right direction at least from my perspective, the technology that NFT have for proving authenticity really suited well for that kind of use, in the future ticketing and many things can also take advantage of NFT so its not about speculation anymore.
but nevertheless its still speculation with these NFT even more so with the presence of ordinal NFT and ethereum NFT that just climbing in term of price the price climb wasn't caused by the art getting released by unique artist anymore, its just about how much value it hold as an identifier for airdrop participant as mentioned before, also there are use of NFT for game items for those blockchain game so I think its good enough already.
contradictory to what people think of NFT which generally think of it as dying, i think it just finally being used for a purpose not just speculation.

NFT is getting hyped on the bitcoin blockchain, i was seeing massive growth happened to the BTC nft but as you said it's dying on another blockchain like ethereum since people are looking to buy NFT caused by their usability. If NFT will help them to be eligible for so many airdrops and im sure they will buy it.

NFT is good for several sectors but it doesn't mean this thing has no weakness. I'd prefer to hold token rather than NFT considering the fact that if NFT is just a non fungible token.

It has utility when the creators/issuers of such NFT has very strong foundation and connection to the various projects that can give NFT holders ability or eligibility to receive as many airdrops as they can from the partners of NFT issuers.

NFT is dying now.

This is an evidence for this


https://cointelegraph.com/news/bored-ape-yacht-club-floor-price-lowest-point-since-august-2021

BAYC has been known as the most popular NFT and the price of this NFT is always going down even deeper after it has released token airdrop to the NFT holders.

NFT is already dying that is why we keep seeing people that had lost money in it not putting there money there again.
We need to be wise and make sure we put our money in good project not the bad NFTs that easily crash out in the market allowing the users to earn up losing their funds. We need to be careful and look for ways to invest our money in something that will be a little but profitable for us .

This field is simply the drawing of people who like to experiment in space, but in that process people see it as a trend to guide the development of the field. Let's be honest, the true nature of NFTs is not as great as we hear many parties praise it for, but this market has many mutations to attract attention, I am not one to oppose the field. But taking a serious look at what we're dealing with in space shows that emergence is simply a new concept that's been hyped up and many are praising/mocking it.

NFT can be more than a collectable art, and the real utility of it is yet to come in my opinion. NFT can be used as digital land ownership and there are plenty of other sector where it can be useful. The last NFT hype was quick to fade away due to the lack of real direction and utility. If people invest in something only to make profit out of it, then it is obvious that it will lose value eventually. That is what happens with NFTs and scammers also use the hype to launch many scam projects that are already dead.

While there has been recent speculation and discussions around the viability and sustainability of NFTs (Non-Fungible Tokens), it is premature to say that NFTs are dying. NFTs have gained significant popularity and attention in various creative communities, allowing artists, musicians, and other content creators to tokenize and sell their work. However, as with any emerging technology or trend, there may be phases of heightened interest followed by adjustments and consolidation. It is important to closely monitor the market and technology developments to get a more accurate understanding of the long-term prospects of NFTs.

NFT is out of mainstream now, for good. I think that this industry is slowly duying now

There are quite a lot of nft assets in my wallet, some of which I got from free airdrops (participants of a web/galxe) and some of which I bought from zora and opensea, DYOR. Indeed, so far only a few nfts have made me a profit by holding and selling again, but there are also tokens that I get token allocations or get exclusive rights to try events / presale prices. Nft is like a key function or a sign of privilege, even though the count is units it is not uncommon for this nft to soar to tens, hundreds and even thousands of $ depending on the function, rarity, supply and privilege in a project. If it is for art only and saving for the long term for me, I am not interested, so far the quality nft must be researched again. In contrast to, for example, altcoins (coin assets), holding ethreum does not hesitate because it is multi-functional and is used at all times, even when selling instantly it will be very easy either to all users or exchanges.

Indeed, cexes such as mexc, bybit, binance provide nft markets, of course the hype of nft is not always frequent and may be overwritten by other nft seasons even though 1 network or 1 nft genre (for example meme coin network base). You are right that markets like opensea still have many individual contributors there, or if you try zora it is also very early.