Will NFTs make a comeback? | Bitcointalksearch.org

o48o

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Quote from: nutildah on Today at 12:53:08 AM

Sure. An actual use case for NFTs aside from jpegs would be thrilling. They can represent ownership of all sorts of things, and not just "ownership" in the physical sense, but they can also represent access levels to websites and data (or whatever), a car or AirBnB rental, licensing rights to this or that, and even something like acting as concert tickets. Everyone wants to just hypergamble on jpegs tho. Would be nice to see the industry mature a bit in this regard.

Yup, but as a cynical person, the reason for comeback is going to be the same as with meme tokens.

It's like an anarchist middle finger to traditional finances, led by people who don't have a clue how finances work, but somehow some of them are going to make more money with their casino attitude, then people with traditional finances.

TradFi has their fundamentals, while meme/nft bois have their pumpamentals. None of it makes sense and fact that people will make money without any good reason will be really annoying to everyone else

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WillyAp

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I hope not, they congest networks and take people's dreams away.

uneng

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It looks like NFTs are over. Each new cycle the market raises a new hype around new elements and features. This season, it's time for AI projects, memecoins and airdrop campaigns on Telegram.

Meanwhile, too little is heard about NFTs and Blockchain games which were pretty popular in the previous bull run of 2021.

It shows us that NFT didn't have any practical usage, as it was everything about a temporary hype based on speculation. If the future will still bring a fresh concept of NFT, only time will tell. In my opinion, it's pretty possible to adapt NFTs to practical reality, it just needs popular projects and brands involved.

Huppercase

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Quote from: Abiky on November 15, 2024, 04:08:10 PM

It's been a while since all of the action moved away from NFTs. All of the hype is on "meme" coins and AI-based tokens. Popular NFTs such as CryptoPunks, Pudgy Penguins, and CryptoKitties have lost a considerable amount of value. If you bought them in the early days, now you'll be left with less money in your pocket. I'm not sure if the market turning bullish will liven up the hype once more.

Do you think NFTs will make a comeback? If not, why? Which NFTs are worth the investment these days? Your input will be greatly appreciated. Thank you very much.

The fact that open sea is now silent every where says alot about the NFT markets and that's because people are not buying again. People that bought expensive Jpeg images last bull run, there hasn't been any value added to their holdings, the value keeps depreciating, the more they keep reducing the bid to get customers to buy the lower demands keep coming and the liquidity around them is dried up, I can't even remember the last time I saw any post about NFT in my FYP.

Not long ago we saw Brc20 tokens and Ordinals like the new development on Bitcoin but that one's are forgotten quickly. I'm not saying regulations is good but the way people just create things the way they want need to be stop in my opinion. Creativity is allow but creativity for making money and running away just to try another hot cake thing to make more money makes this place looks somehow. I remember how some celebrities bought millions worth of NFT back then lol. Don't know how they will feel about crypto right now.

bitgolden

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I do not think so, at least not as much as they used to. We have seen the NFT world never making sense to many people, just like memes do not make any sense to anyone, but they do it for fun, and they did the same thing with NFT as well, just for fun. Memes did make a comeback already and if NFT's were to make a comeback, it would have started by now.

We have seen plenty of coins and tokens go more than double their price already, some memes already reached peak prices, and all time highs, whereas nothing in NFT world did that so far, so it is not really something we should be considering that easy to handle at all, doesn't really make sense. We shouldn't really be considering this as good way of making money at all, it has to be something that will take a while. NFT's will not get anything good, not right now, not soon. If they were to make a comeback, then we would have seen something by now and not really staying idle like at the moment they are doing.

piebeyb

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Actually, NFT should be used as a work of art, not a tool to make money, although maybe a good work of art should be worth more, but most of the people who are happy with NFT right now are because they only want to make money, not as a work of art, but everyone has a different view about NFT, but I have this view, for me NFT will remain popular for art lovers but for something else it seems difficult

Patikno

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Quote from: Abiky on November 15, 2024, 04:08:10 PM

Do you think NFTs will make a comeback? If not, why?

Waves will always come and go, for now we don't see the potential for NFTs again, that's because currently we are on another wave such as the Telegram mini apps, DePIN or RWA. Maybe in the future there will be a project around NFTs that will be able to increase the overall NFT trend.

Solosanz

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Altcoins NFTs are mostly dead now and it's hard to make it comeback, along with GameFi.

For now, Bitcoin NFTs aka ordinals are still surviving and it should went high at the same time Bitcoin price hit six figures.

I would say trading NFTs is way more scarier than meme coins, you can sell your meme coins instantly, but it doesn't work in NFTs.

nutildah

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Quote from: o48o on November 16, 2024, 06:37:32 PM

Also there might be some new format other than erc721 (and other platform alternatives to it), that no one sees coming, that would bring nfts to new highs.

Sure. An actual use case for NFTs aside from jpegs would be thrilling. They can represent ownership of all sorts of things, and not just "ownership" in the physical sense, but they can also represent access levels to websites and data (or whatever), a car or AirBnB rental, licensing rights to this or that, and even something like acting as concert tickets. Everyone wants to just hypergamble on jpegs tho. Would be nice to see the industry mature a bit in this regard.

o48o

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Quote from: nutildah on November 15, 2024, 11:40:09 PM

They already are. Not "most" of them, but a select few collections with some kind of inherent value. These include:

- Crypto Punks (the 1st 10k PFP collection)
- Rare Pepes (the most iconic collection on Bitcoin, from 2016-2018)
- Spells of Genesis (another early Bitcoin collection)
- even some Dogeparty grails are selling (2 RUNNERs for 2750 DOGE each - roughly $1k - in the last 48 hours)

Most of the top collections are posting double- or triple-digit gains in volume over the last week.

NFTs will come back but it won't be like 2021. Peeps are still too into shittokens right now.

Imho nft market might be bigger this time, and ironically one of the reason is that because people are into shittokens now. That just shows the mood these people are on. They want make fast money with silly ideas, and all it takes is stories of success in NFTs. And it's so easy to brand them: "Oh you have meme tokens? My tokens have pictures on them." That's all the branding it needs.

Also there might be some new format other than erc721 (and other platform alternatives to it), that no one sees coming, that would bring nfts to new highs.

Elon probably changes his minds about them as well. Not that i care what he thinks, but some crypto bros do.

nutildah

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They already are. Not "most" of them, but a select few collections with some kind of inherent value. These include:

- Crypto Punks (the 1st 10k PFP collection)
- Rare Pepes (the most iconic collection on Bitcoin, from 2016-2018)
- Spells of Genesis (another early Bitcoin collection)
- even some Dogeparty grails are selling (2 RUNNERs for 2750 DOGE each - roughly $1k - in the last 48 hours)

Most of the top collections are posting double- or triple-digit gains in volume over the last week.

NFTs will come back but it won't be like 2021. Peeps are still too into shittokens right now.

X-ray

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OpenSea's overall matrics looks pretty bad

can also roughly reflect the state of NFT, the trend isn't coming back, there might be several occasional big NFT coming out but I won't expect the overall NFT hype to be as big as it was back then, the thing is, NFT already labeled so bad after the previous NFT market crash, people also too fixated on speculating meme, lower entry barrier and faster money circulation.

I don't even know who still trades NFT these days.

though I still consistently seeing several KOLS shilling hard for the NFT Grin

. maybe last ditch attempt.

moneystery

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nfts has lost its glory days unfortunately, nowadays people are more interested in investing in memecoin or other altcoins than nfts. and i also think investing in nfts is not worth it anymore and is riskier because there are not many enthusiasts. the best option is to leave it and try to find other better altcoins, unless you don't mind the risk.

TastyChillySauce00

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Rarely seen big NFT going viral anymore nowadays, in social media like twitter too, these NFT mostly get faded by people making me thinks that NFT won't be making comeback anytime soon but I also feel that NFT finally being utilized for its real purpose, instea d of pump and dump artwork, NFT now being used for eligiblity identifier on airdrops, and so on. which in my opinion, serves its purpose without the dirty pump and dump scheme.

eventually NFT will find its better use case but I don't think we'll be seeing something like a random artwork being valued few millions dollar anymore.
people have grown out of that phase.

passwordnow

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Quote from: Abiky on November 15, 2024, 04:08:10 PM

Do you think NFTs will make a comeback? If not, why?

No, this is what we typically see builds up on this market. When the hype is over, it's totally over. ICOs, IDOs, IEOs, NFTs.

Quote from: Abiky on November 15, 2024, 04:08:10 PM

Which NFTs are worth the investment these days? Your input will be greatly appreciated. Thank you very much.

I'm not following it anymore but I am seeing people that are mostly into the unknown ones like in the sol network that gives them some good returns. I don't want to dive in there but I can say that there's some money still on it but you gotta know what you are up to. And this isn't just specific for the solana network but also with the others. But my entire opinion on this, I won't spend any single money on it because to me, they're over.

Alone055

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Quote from: Abiky on November 15, 2024, 04:08:10 PM

Do you think NFTs will make a comeback? If not, why? Which NFTs are worth the investment these days? Your input will be greatly appreciated. Thank you very much.

No, unfortunately.

I have always thought that innovation with NFTs could be used widely in the cryptocurrency industry and outside of it, especially in the gaming sector. Still, for some reason, its usage wasn't what the hype was about. People seemed to take NFTs for not what they could become, but they were considered collectibles bought and kept for showing off. NFTs should have never been as expensive as 276 ETH per NFT, which was probably one of the highest prices of any NFT, and I thought it was insane for someone to pay that much only for a collectible.

People were excited about them at the beginning, so they were super-hyped, which was the reason why there were a lot of projects coming out; new NFTs were being created and sold, but the hype died sooner than expected, and we can see that NFTs are not given much value anymore by anyone. Those who bought so many of them by spending so much money probably regret it now.

JeromeTash

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Just like the ICOs, IDOs, IEOs were forgotten, so will NFTs. This time round, I believe there's no comeback for them. I think people have eventually outgrown them and are so much engrossed into meme coins, which are so many by the way. Personally, I didn't find NFTs worth investing into, even when they were so popular.

When the altcoin season official begins, we shall know all that will transpire.

Abiky

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It's been a while since all of the action moved away from NFTs. All of the hype is on "meme" coins and AI-based tokens. Popular NFTs such as CryptoPunks, Pudgy Penguins, and CryptoKitties have lost a considerable amount of value. If you bought them in the early days, now you'll be left with less money in your pocket. I'm not sure if the market turning bullish will liven up the hype once more.

Do you think NFTs will make a comeback? If not, why? Which NFTs are worth the investment these days? Your input will be greatly appreciated. Thank you very much.

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