For better or worse, any new technology will ride several hype waves before they mature and the real use cases take root -- it happened with cryptocurrencies in general, and it took years for the true blockchains to become obvious. NFT as a subsector will also go through the same phases.
NFT use cases for royalties and creative industry is huge, though, going beyond collectible art:)
Topic: Which NFTs are worth the investment? - page 2. (Read 1116 times)
After spending half a day watching training videos on creating and making money on NFT, I realized another important rule. In fact, the image itself does not matter in most cases. The number of this NFT is important. I personally watched how people pay good money for a beautiful room on the NFT. You can earn money on this as on trading
Yesterday I saw Prophecy sold their first God Socks NFT at 100,000$
and the owner of the NFT will get lifetime royalties from their flagship product, Prophet Pools.
I think this types of NFT might be profitable for the long term run
and the owner of the NFT will get lifetime royalties from their flagship product, Prophet Pools.
I think this types of NFT might be profitable for the long term run
My friend invested $100 in NFTART and two days later earned $1000. If I had any spare money, I would also invest.
This is not investment advice!
This is not investment advice!
Don't buy digital arts if you can't use it. Look, game items are valuable because players can wear them, increasing stats/power, or whatever. If you plan to collect NFT, consider something that can give you some power-up (advantage) in gaming, trading, etc. Not just some random digital arts, because what stops them from reproducing the art if it's not written a legit (legal) contract.
The works of art surpass the intellect of most of us, so investing in-game items would be a better way to make a profit if the game platform had a significant number of participants.Another way to monetize the NFT is to join NFT governance projects to profit from the increase in the price of that project token.
Looks like a brand new NFT platform is popping up called Cybertino and they're releasing NFTs for the upcoming Social Gloves event: YouTubers vs TikTokers. That could be the big but we'll see.
It's a crazy world we're living these days. People are willing to pour money in things that are worthless. Paying thousands of dollars for a Tweet "immortalized" on the Blockchain? Now that's insane. I wouldn't waste my money on things which don't have any intrinsic value. Things like in-game items and certain digital collectibles will be the only types of NFTs that will become valuable in the long run. My money is on Topps' NFTs, CryptoKitties, and virtual properties on Decentraland. I have faith that these NFTs will become widely successful in the long term. That is if adoption for NFTs continues to grow in the mainstream world. We're going to have to see what happens after the hype comes to an end.
Nonetheless, it seems to me that the NFT bubble will last for quite some time. The hype could go all away once the pandemic comes to an end. After that, only legitimate projects with valuable NFT offerings will stay. The rest will go down the drain faster than you could've ever imagined. Expect governments to regulate the industry once scams grow out of proportions. This should give NFTs some level of legitimacy in the mainstream world. Who knows how far NFTs will go in the future? Just my opinion
A friend of mine who was very interested in NFT's explained to me that it is like an art, and even though I still do not understand it, I at least could understand other peoples points that way. Think about it this way, mona lisa worths money right? If it was ever sold, it would be sold for a lot of money right? Well that means art has value, not instrint value because it is not based on any financial data but it has value in some people, if you were to sell Mona Lisa today, it may make as much as a billion dollars, maybe even more who knows, because it is the most known painting in the world.Nonetheless, it seems to me that the NFT bubble will last for quite some time. The hype could go all away once the pandemic comes to an end. After that, only legitimate projects with valuable NFT offerings will stay. The rest will go down the drain faster than you could've ever imagined. Expect governments to regulate the industry once scams grow out of proportions. This should give NFTs some level of legitimacy in the mainstream world. Who knows how far NFTs will go in the future? Just my opinion
NFT is similar, the idea is that this worths even more than a painting most of the time because it is brand new, painting a picture has been around for centuries, hell if you consider cave drawings we could say millenias, but NFT is brand new, so you are getting in part of a new ART form and get the freshly made ones that could worth a lot in some decades. Of course I still wouldn't spend my money at all, but I understand why others do.
Just got back and I'm trying to catch up with this new NFTs trend, have been seeing it all over the place, it seems like everyone is more interested in buying digital arts, rather than investing in projects now, also heard about the Tweet NFTs, people now buying tweets now, it's really funny.
It's a crazy world we're living these days. People are willing to pour money in things that are worthless. Paying thousands of dollars for a Tweet "immortalized" on the Blockchain? Now that's insane. I wouldn't waste my money on things which don't have any intrinsic value. Things like in-game items and certain digital collectibles will be the only types of NFTs that will become valuable in the long run. My money is on Topps' NFTs, CryptoKitties, and virtual properties on Decentraland. I have faith that these NFTs will become widely successful in the long term. That is if adoption for NFTs continues to grow in the mainstream world. We're going to have to see what happens after the hype comes to an end.
Nonetheless, it seems to me that the NFT bubble will last for quite some time. The hype could go all away once the pandemic comes to an end. After that, only legitimate projects with valuable NFT offerings will stay. The rest will go down the drain faster than you could've ever imagined. Expect governments to regulate the industry once scams grow out of proportions. This should give NFTs some level of legitimacy in the mainstream world. Who knows how far NFTs will go in the future? Just my opinion
Ecomi has some nice nft related to animes and cinema and there are rumors about pokemon drops so this one might catch on fire.
Few days ago they had Back to the Future nft sale and i actually managed to grab a rare and two commons.
Few days ago they had Back to the Future nft sale and i actually managed to grab a rare and two commons.
People forgot that you cannot just create value from nothing, and earning interest and staking for more gains but what do you get out of it! People need to ask these questions seriously.
I agree entirely. When it comes to NFTs, assuredly some of them are overvalued and pretty much all of them are driven by hype. Rather than a complete bubble burst it seems as if there was a period of air-letting, and now we're resuming back upward, with ETH near or at all-time highs for the 3rd day in a row. I would hope the NFT market grows less rapidly and encounters some stability. It makes NFTs difficult to price if their underlying currency is constantly changing in value.
The world's 21 most popular metropolitan cities are now on blockchain: Metheropolis!
If its not a witty take on cities with thriving methamphetamine cultures then I'm not interested.
I'll be investing in PEAK NFT in September, I think NFT hyped so they should make NFT before September, waiting for any ann
Any great options to buy?
Any great options to buy?
I saw this DEGO Finance project last year, although last time it was running on Ethereum blockchain only, looks like the crazy gas fees have made them migrate to Binance Smart Chain.
And they are successful! The price was rising from $1 To above $10 right now and listed on Binance too, Beside that Dego is good option for NFT investing, tons of collectible NFT With good use case, So you can earn and collect at the same time. Also for OP maybe you can check Vulcan Forged or Axie Infinity, Both of the have great potential and solid team too, DYOR!
I think that NFTs that will come from Ecomi and Veve app will have good future. They have a lot of licenses with big names like Batman, NFL, GM etc. I think it's worth paying close attencion to them cause they have a good shot on making it big.
New Generation City: Metheropolis
🌟 🖼️ (1 of 1)
Our world is changing. Historical artifacts, our health information, our photos, our identity... Everything is now built on blockchain. So are you ready for this transformation?
The world's 21 most popular metropolitan cities are now on blockchain: Metheropolis!
The four most prominent places belonging to the capitals of 21 countries... The flag of the country is located at the bottom. Next to it, another remarkable region of that country... Finally, your country is ready to live in your wallet! Only one piece of each work was produced. Who do you think will be the owners of the first digital city artifacts in blockchain history?
If you want to own it, hurry up and bid. Own this unique work prepared by the famous Turkish reproduction artist BiyArt!
Artifact Information:
#8 New York / United States of America
Places in the Photo:
- The Statue of Liberty (1886)
- Times Square
- Central Park (1857–1876)
- American Museum of Natural History (1869)
- Wall Street
- National Flag of United States of America
https://app.rarible.com/biyart
Our world is changing. Historical artifacts, our health information, our photos, our identity... Everything is now built on blockchain. So are you ready for this transformation?
The world's 21 most popular metropolitan cities are now on blockchain: Metheropolis!
The four most prominent places belonging to the capitals of 21 countries... The flag of the country is located at the bottom. Next to it, another remarkable region of that country... Finally, your country is ready to live in your wallet! Only one piece of each work was produced. Who do you think will be the owners of the first digital city artifacts in blockchain history?
If you want to own it, hurry up and bid. Own this unique work prepared by the famous Turkish reproduction artist BiyArt!
Artifact Information:
#8 New York / United States of America
Places in the Photo:
- The Statue of Liberty (1886)
- Times Square
- Central Park (1857–1876)
- American Museum of Natural History (1869)
- Wall Street
- National Flag of United States of America
https://app.rarible.com/biyart
I find this to be excellent advice as for the most part DeFi produces nothing of value. It's inhabited by a generation new to crypto and that doesn't remember the Hyper Proof of Stake and Masternode fads from 2014-2018. DeFi is a similar concept repackaged under a benevolent name. Really, all you need to do to decentralize your own finances is buy Bitcoin and Ethereum, or at least have knowledge of how they work, and you're set.
Thank you for your words nutildah! I mean,,, I am not discounting the fact that there are very good use cases for Defi and for NFTs but the way I see people doing it. I have been invited now into 3 nft groups and many more defi groups and it is the same ICO sentiments in there. Why is price not moving? Why is it cheaper than when I bought it?
People forgot that you cannot just create value from nothing, and earning interest and staking for more gains but what do you get out of it! People need to ask these questions seriously.
I jumped into Alice thinking it would be the next big thing in NFT and that was a bad decision. I took 50% loss on my investment and sold at loss. After that I'm reluctant to look at NFT's while some of my other investment are yielding good profit. One of my friend introduced me with Sand (Sandbox) last night and I need to do some more research on it before investing. If anyone has any better options please suggest.
I would beware any of the Defi coins. Alice is giving almost 1000% APY on the Binance Smart Chain yield farms, which means they are giving 10% almost every month,,, so you bet people are dumping now to get in cheap so they can rake the profits a few months later when they have 50% more coins and the coin goes back to normal price.
Beware tokens with yield farms!
I find this to be excellent advice as for the most part DeFi produces nothing of value. It's inhabited by a generation new to crypto and that doesn't remember the Hyper Proof of Stake and Masternode fads from 2014-2018. DeFi is a similar concept repackaged under a benevolent name. Really, all you need to do to decentralize your own finances is buy Bitcoin and Ethereum, or at least have knowledge of how they work, and you're set.
I'm looking for projects that are about to make their NFT
found PEAKDEFI PEAK
decided to buy their token before OKEx listing and I'm pretty sure this Defi project is underrated
found PEAKDEFI PEAK
decided to buy their token before OKEx listing and I'm pretty sure this Defi project is underrated
~
I saw this DEGO Finance project last year, although last time it was running on Ethereum blockchain only, looks like the crazy gas fees have made them migrate to Binance Smart Chain.
and now Dego seems to have managed to read the market well. the decision to switch blockchains is very precise.I saw this DEGO Finance project last year, although last time it was running on Ethereum blockchain only, looks like the crazy gas fees have made them migrate to Binance Smart Chain.
solutions from BSC with lower costs and a very fast-growing market make Dego is development also fast this year.
~
I saw this DEGO Finance project last year, although last time it was running on Ethereum blockchain only, looks like the crazy gas fees have made them migrate to Binance Smart Chain.
and now Dego seems to have managed to read the market well. the decision to switch blockchains is very precise.I saw this DEGO Finance project last year, although last time it was running on Ethereum blockchain only, looks like the crazy gas fees have made them migrate to Binance Smart Chain.
solutions from BSC with lower costs and a very fast-growing market make Dego is development also fast this year.
NFT's might hit the market but for now, it never gives me the interest to invest in any one of them and we can't tell which one of them worth to invest. That is too early to make this speculation but as Defi gives some market change, these NFT tokens will possibly doing the same.
Maybe this could help to find which one...
https://www.okex.com/academy/en/top-nft-projects-and-use-cases
But, as I've said, it is too risky to start investing in new projects in which the demand isn't stable enough. Maybe we have to wait to see results for early NFT projects progress and evaluate if they could really be profitable or not.
Maybe this could help to find which one...
https://www.okex.com/academy/en/top-nft-projects-and-use-cases
But, as I've said, it is too risky to start investing in new projects in which the demand isn't stable enough. Maybe we have to wait to see results for early NFT projects progress and evaluate if they could really be profitable or not.
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