Will NFTs new era start with coming to social media is it bad or good?

DaughterOfBear

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Quote from: Myntist.official on May 10, 2022, 03:53:32 PM

Mark Zuckerberg said that Meta's Instagram platform would soon include NFTs. Without giving too much away at SXSW, he stated that Meta intends to integrate NFTs into the social media platform as soon as their Instagram team can resolve a slew of technical issues. Mark stated in a talk with Shark Tank's Daymond John that NFTs would be introduced to Instagram soon.

it is a great news for NFT lovers. The NFT are growing and getting more interesting for a lot of people. I am sure that it will be a long-term investment in near future. I want to recommend to take a look at one amazing Blockchain-based NFT game "reptile chronicles". They have such a good arts and great collaborations with cool projects. I will wait your thoughts about that.

LUCKMCFLY

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Quote from: jrrsparkles on May 11, 2022, 11:55:07 PM

Quote from: Myntist.official on May 10, 2022, 03:53:32 PM

Mark Zuckerberg said that Meta's Instagram platform would soon include NFTs. Without giving too much away at SXSW, he stated that Meta intends to integrate NFTs into the social media platform as soon as their Instagram team can resolve a slew of technical issues. Mark stated in a talk with Shark Tank's Daymond John that NFTs would be introduced to Instagram soon.

Producing products with no actual use won't bring any good thing to the NFTs market, I still don't have the knowledge about why the NFT is going to be implemented into the social media but what we are going to do with it? Like we are going to sell them for money which is minted for free of cost?

The truth is that I would not know what to think about what Mark Zuckerberg is talking about because I am clear that they are selling the land in the metaverse and I think that the NFTs are about to explode there, although I would be very cautious after everything what happened in 2021 that was crazy that almost everything was a scam and ponzi schemes that seemed to be the best projects and that would be the future, even at one point I came to think that it was a good time to be with NFT games , only one or two that followed are the ones that have survived, the rest all failed.

justdimin

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Quote from: GreatArkansas on May 19, 2022, 09:08:05 PM

The only bad or negative thing for me here is the centralization.
With a company like Meta, the centralization will be the problem and the privacy. As you recall before, there was an issue about data privacy with Facebook (Now Meta).
So if ever they will start become popular and lot of people will use their products especially NFT/Metaverse related, I am afraid of that issue for them.

Centralization is not a problem for most of these people. I mean I get that it is not something that would be great for many people who see it as centralized, but at the same time majority haven't cared about that for a long time now, so why should they care about it today?

Facebook will not really secure it too much, but if you trust Avax and its creator, SOL and its creator, Matic and its creator, I am sorry but there will be plenty who will trust Facebook (meta) as well. Not because it is a good thing, but many years ago people ended up giving up the power of decentralization and just let the teams take control over projects and they were fine about it.

bitkanu

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Its just ordinary NFT integration i definitely gonna think that it would bring no difference or even make any significant difference with the current NFT right now.
after all, opensea and the likes already acts as a bridge for promotion for many of the NFT artist, the fact that twitter and instagram willing to integrate NFT into their platform is like an additional great features but they are doing this just to make themselves not outdated platform, and maybe just trying out the implementation of NFT, overall it's not gonna start a new era, things will be the same.

DaughterOfBear

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Quote from: Myntist.official on May 10, 2022, 03:53:32 PM

Mark Zuckerberg said that Meta's Instagram platform would soon include NFTs. Without giving too much away at SXSW, he stated that Meta intends to integrate NFTs into the social media platform as soon as their Instagram team can resolve a slew of technical issues. Mark stated in a talk with Shark Tank's Daymond John that NFTs would be introduced to Instagram soon.

In my opinion, it is the great news for NFT lovers. I think that the NFT has a great future. I have seen the post on Reddit about one p2e game "reptile chronicles" few days ago. I was so impressed from their arts and novels. Have you heard about this? I will wait your opinions about that

funteki

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Quote from: Bitstar_coin on May 11, 2022, 09:52:24 AM

NFT space has just only begun, you can consider this stage as the early phase, the technology is just at the early part, right now most nft projects are mostly laying the groundwork for future development. What is important is investing in the right projects even if it takes time to develop, it is better than the quick money grab that is available in the market.
Don't forget the whole crypto space is considered very young so imagine where digital and virtual reality will be in the next couple of years.

Yeah, you are right, its only developing and as I think p2e nfts is gonna blow, at least that which was made good, I follow one project, that are doing great things: own novel which I read and was shocked, game which is not released soon, but im sure its gonna be good, and top-notch arts, this three position as me main in good p2e nft. If you interested the name of project is Reptile Chronicles

GreatArkansas

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The only bad or negative thing for me here is the centralization.
With a company like Meta, the centralization will be the problem and the privacy. As you recall before, there was an issue about data privacy with Facebook (Now Meta).
So if ever they will start become popular and lot of people will use their products especially NFT/Metaverse related, I am afraid of that issue for them.

fedelowe

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Quote from: Myntist.official on May 10, 2022, 03:53:32 PM

Mark Zuckerberg said that Meta's Instagram platform would soon include NFTs. Without giving too much away at SXSW, he stated that Meta intends to integrate NFTs into the social media platform as soon as their Instagram team can resolve a slew of technical issues. Mark stated in a talk with Shark Tank's Daymond John that NFTs would be introduced to Instagram soon.

Thats kinda cool, more hype for nfts and more people will know what is that

JeffBrad12

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I can't wait to see this feature will be available on instagram as soon as possible. I know that this needs to be tested even more but i think that integrate the NFT into the biggest social media like instagram has become the best thing that i have ever heard,
with millions of active users and NFT will be known widely. This gonna be a big step for NFT. people will be feeling curious about nft and they will start to get more information about Nft. I hope that this will become a very good thing in the future for nft

funteki

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Quote from: makishart on May 11, 2022, 01:20:45 AM

If the result from the test would be good and im sure if the new era for NFT will be started but when the result is not the same like what already expected and im sure that if the future of NFT will be so bad. Meta has so many things to be done and NFT is also the one from these things. I hope that good result will be achieved and the test will be going smoothly. We know how big instagram is and mostly of my friends active in the instagram.

good result will be achieved for sure, hype over nft is growing and older people start to understand how instagram works and what is nft, they don't believe that it will work but as we can see everyone know about cryptocurrency, so as I think its gonna be like in 2014 with bitcoin

Razanm90

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Quote from: Myntist.official on May 10, 2022, 03:53:32 PM

Mark Zuckerberg said that Meta's Instagram platform would soon include NFTs. Without giving too much away at SXSW, he stated that Meta intends to integrate NFTs into the social media platform as soon as their Instagram team can resolve a slew of technical issues. Mark stated in a talk with Shark Tank's Daymond John that NFTs would be introduced to Instagram soon.

It is good news because it means that the NFT has great potential. I am taking part in some interesting NFT projects and I am sure that we will see new great projects, where we can get a good profit. I am following one amazing Blockchain-based NFT game "reptile chronicles" now. They have such a good community, people on their Discord server take part in roleplay and events. I am sure that this game will succeed.

jrrsparkles

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Quote from: Myntist.official on May 10, 2022, 03:53:32 PM

Mark Zuckerberg said that Meta's Instagram platform would soon include NFTs. Without giving too much away at SXSW, he stated that Meta intends to integrate NFTs into the social media platform as soon as their Instagram team can resolve a slew of technical issues. Mark stated in a talk with Shark Tank's Daymond John that NFTs would be introduced to Instagram soon.

Producing products with no actual use won't bring any good thing to the NFTs market, I still don't have the knowledge about why the NFT is going to be implemented into the social media but what we are going to do with it? Like we are going to sell them for money which is minted for free of cost?

AmoreJaz

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Quote from: avikz on May 11, 2022, 10:46:26 AM

Quote from: Myntist.official on May 10, 2022, 03:53:32 PM

Mark Zuckerberg said that Meta's Instagram platform would soon include NFTs. Without giving too much away at SXSW, he stated that Meta intends to integrate NFTs into the social media platform as soon as their Instagram team can resolve a slew of technical issues. Mark stated in a talk with Shark Tank's Daymond John that NFTs would be introduced to Instagram soon.

Well! If that happens, I can foresee celebrities and known personalities making shitload of money out of it. And I also foresee that the commoners like us eating bananas in long term. NFT is a failure if that can't create an aspirational value. Aspirational value can be created through endorsements so the celebrities are going to win big here while we are going to pay for it. Nothing exciting really! Just the monies will be changing hands.

i am seeing that popular personalities will indeed benefit on this. because some of their fans will buy even if they are not very knowledgeable about the NFT market. let's see how will this pan out in instagram. they have tons of users already, so it won't be very hard for them to implement whatever they want to do in this market. for buyers, make sure you are at least buying a worthwhile item, that you can see years down the road that it may still fetch a price in the market.

serjent05

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I think the involvement of a huge social media platform can somehow boost the NFT market but I do not think that it will relive the previous hype on the market. It is a good thing that FB will include NFTs, this will give an artist another means of promoting their works.

Quote from: 0verseer on May 11, 2022, 11:57:42 AM

The average reception from normal people especially on social media sites like Twitter about NFT isn't good, I can tell you that. Think of it as you talk about rocket science to a bunch of farmers that only know about crop rotations and water management. This isn't taking in account NFTs also not really being liked even among cryptos knowers. So trying to bring NFT shills to social media is a bad thing, in my opinion.

Luckily not all social media users are farmers Tongue

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Quote from: avikz on May 11, 2022, 10:46:26 AM

Well! If that happens, I can foresee celebrities and known personalities making shitload of money out of it.
And I also foresee that the commoners like us eating bananas in long term. NFT is a failure if that can't create an aspirational value. Aspirational value can be created through endorsements so the celebrities are going to win big here while we are going to pay for it. Nothing exciting really! Just the monies will be changing hands.

I highly agree, and I look at this as positive because other users will be encouraged to showcase their skills. This can also give them an opportunity to make money.

Razanm90

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Quote from: Myntist.official on May 10, 2022, 03:53:32 PM

Mark Zuckerberg said that Meta's Instagram platform would soon include NFTs. Without giving too much away at SXSW, he stated that Meta intends to integrate NFTs into the social media platform as soon as their Instagram team can resolve a slew of technical issues. Mark stated in a talk with Shark Tank's Daymond John that NFTs would be introduced to Instagram soon.

It is great news because it means that the NFT has great potential. I am taking part in some interesting NFT projects and I am sure that they will succeed. I heard about one NFT interesting project "reptile chronicles" a few days ago. The Devs are making an amazing p2e game, where members can receive excellent profit.

0verseer

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The average reception from normal people especially on social media sites like Twitter about NFT isn't good, I can tell you that. Think of it as you talk about rocket science to a bunch of farmers that only know about crop rotations and water management. This isn't taking in account NFTs also not really being liked even among cryptos knowers. So trying to bring NFT shills to social media is a bad thing, in my opinion.

traderethereum

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If it was implemented on Instagram, I think it would change Instagram and maybe change it entirely.
Maybe it's just planned and discussed with the whole team because NFT itself is still in the development stage so it will still take time to see it applied to Instagram.
But maybe it will get interesting later and I can't imagine what Instagram will be like yet.
Hopefully the results will be good and bring Instagram to something even better.

Pterosaur

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Mark Zuckerberg? Nah that man isn't the one id follow in this crypto space time mate, he haven't did anything right about crypto at all and I am sure that Meta won't be great either, I will go for someone thats more into crypto than Mark and thats Elon Musk, I think Twitter will be better than Facebook soon.

avikz

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Quote from: Myntist.official on May 10, 2022, 03:53:32 PM

Mark Zuckerberg said that Meta's Instagram platform would soon include NFTs. Without giving too much away at SXSW, he stated that Meta intends to integrate NFTs into the social media platform as soon as their Instagram team can resolve a slew of technical issues. Mark stated in a talk with Shark Tank's Daymond John that NFTs would be introduced to Instagram soon.

Well! If that happens, I can foresee celebrities and known personalities making shitload of money out of it. And I also foresee that the commoners like us eating bananas in long term. NFT is a failure if that can't create an aspirational value. Aspirational value can be created through endorsements so the celebrities are going to win big here while we are going to pay for it. Nothing exciting really! Just the monies will be changing hands.

bittick

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what ever already done by meta right now and it seems to be a useless effort for crypto, i meant it will not have any impact to the price. I do believe when you are watching the market and you will be seeing that if the bearish market has become the main problem. NFT hype is actually depend with the market trend and so even with this big news and im sure that the position of NFT will remain the same. I just wanna know how many actual users on social media will be actively using this NFT feature.
Whether the influencers with big followers will try to take the advantage or not.

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