NFT is currently too overhyped and it is being used by scammers and billionaires who want to launder their money here to avoid taxes.
when referring to it I doubt when they can last long.
maybe for a few months or years NFT will last but for much longer than that I'm not sure
Topic: Your opinion, NFT last long or not ? - page 13. (Read 2480 times)
As for me, it depends upon how the developers will handle their site. NFTs need to balance the supply and demand system so their coins would turn into a rug. NFT games are on trend these days but only those who have a strong foundation could last long. There are already NFTs that failed because of mishandling so the future of an NFT coin will rely on the developers.
NFTs are a volatile part of the already volatile cryptocurrency market. Moreover even traditional art and collectibles are hard to value and difficult to invest in if you don't understand the market. Only rule is - we cant predict anything so we can speculate about this.
That sounds general. Here I can give a more obvious speculation. NFT trend will come and goes, just like any trend ever set its foot on the crypto market, from ICO to staking/masternote (even now they show some sign of return), DeFi, IEO,... Whatever NFT can last long or not depend on how fast investors burn out thru it. Give it a few fail NFT then the market will quite down over it. 
So far the top nft project is axie. But it does not rule out the possibility that there will be someone who competes with him in the future. Because the NFT trend is still quite good. It's possible that there are projects that will come in with NFT over Axie at the moment.
If NFT had benefits then I think it would be last long like example NFT games where we can make money of it just playing the game. I'm sure more and more people will get into NFT game and make some money day by day then for sure NFT games would be last long. I don't know if NFT arts can also be last long because it's difficult to make profit with NFT arts in my opinion.
You can be right, that indeed if NFT games clearly have a pretty good prospect, because we know that games are still very popular and have their own place from young people. but once again back to the games that will be offered because they may not be interesting enough even if there is a prize, because the competition in the game is quite high right now.If the others are like what you said, for example, for those who explore art, it could be that if the presentation given is interesting enough, it can make art collectors interested too because this is clearly a new prospect. As a collector, of course, you need to learn where the benefits that will be obtained are compared in tangible form so far.
because it is still new, it is very big if you can give the best to be in demand, because otherwise it is difficult to develop. because we know that technological developments continue to advance and we cannot predict quickly, it takes time to analyze again.
Seeing the fact that there are many projects based on NFT, I believe that NFT can last for the long term, with a good concept and integration with real objects, making NFTs have real value compared to non NFT coins.
If NFT had benefits then I think it would be last long like example NFT games where we can make money of it just playing the game. I'm sure more and more people will get into NFT game and make some money day by day then for sure NFT games would be last long. I don't know if NFT arts can also be last long because it's difficult to make profit with NFT arts in my opinion.
NFT is a very promising technology, the potential here is very strong I think. All we see now is just testing, all these NFT pictures and gifs will disappear in a few years, but the technology will evolve into something very powerful.
At present Some NFT project is booming at a high pace. I hope we will see many others in the coming time but nobody can guarantee every NFT project will be successful like Axie Infinity. Everything has charm for some time so the craze of NFT will also reduce by the time hopefully there would be something else options better than NFTs in the future because we never know what future holds.
Decentralized finance (DeFi), Web 3.0, financial inclusion, the rise of non-fungible tokens (NFTs).
Axie Infinity success, Will the others be successful too?
https://www.bbc.com/news/technology-56371912.amp
it will last long but of course NFT's projects is increasing gradually in the market, wherein there's a potential that those popular projects nowadays will lose support in the future., i mean there's no so much hype in the market in my personal opinion because for sure the upcoming nft project in the future will be better and very optimistic compared to axie and other nft in the market.. Axie Infinity success, Will the others be successful too?
https://www.bbc.com/news/technology-56371912.amp
For now it looks on the verge of success however soon things could pan out in different sense. I mean with increasing doubts in the NFT Based transactions which are being done against art selling has been under radar of SEC and different government authorities. This is not just out of thin air but has great relation with the digital painting that’s sold for 69 mln dollars. The two were related and could be part of money laundering. So question have been raised for the current projects too. Though there are many genuine artist who are willing to go popular with the NFT then also chances are high that there is money laundering is being done.
Actually, when one project in a particular sphere becomes extremely popular, many projects with similar ideas appear then. Literally, scammers become more active as well and also start using this hype. There were many NFT-projects that caught the wave of hype. In addition to Axie Infinity, Crypto Kitties and Crypto blades also got a big popularity as NFT-games.
Axie Infinity success, Will the others be successful too?
Will other success too ? I don't think all nft games will have the same fate as Axie Infinity. NFT games are unique and rewarding if you choose the right project. but looking for the right one is like looking for a gem in a pile of garbage. really have to be careful.
Depends on the game itself i suppose, We can see some succesfull NFT Game like Mir4, Binamon and an 8 bit game ( I Forgot the name), Beside the game NFT still have a lot potential on the other sectors too there are lot opportunity for us to seach good stuff on the market. I'm sure NFT can last a long time, because NFT is very popular right now and has a lot of fans, so I'm sure NFT can survive the same as DeFi, therefore I think you should not hesitate to invest in NFT for the long term, because I believe NFT enthusiasts will continue to increase, so it will be safe for you to make a long-term investments in NFT, but my advice is you better to invest in NFT which is very popular.
In my opinion, NFT can last longer than DeFi. Because NFT is finding its very good use case as collectibles by known personalities, athletes, artists, singers and the likes. And it is just starting. Even NFT-based games are just in the early stage so with the online gaming industry, I believe it can penetrate in this industry without a doubt, just like what Axie is enjoying right now. But of course, not all NFT-based games will attain their success. So better choose wisely when it comes to buying those NFT characters because some of them are getting expensive day by day.
Whereas, when it comes to NFT collectibles, I guess, this will be a new digital way how these personalities will connect to their respective fans or followers and this is just a beginning as some known athletes like Pacquiao, Tony Hawk, Tom Brady and many others are now launching their own NFT platforms/collectible series. So I think this will continue in the next coming years and will be a lucrative industry for these popular personalities.
Axie Infinity success, Will the others be successful too?
If they can create and maintain good projects like Axie Infinity then they can be successful too. But if they can't then they have to get the favor of the crowd to become successful.They should solve problems and create new ways to monetize what people like doing such as gaming. Not all NFTs are going to be as successful as Axie and other successful NFTs.
The party has just begun in NFT market. It has to show its real color in coming weeks and years. The market data shows that there is good growth in this market as new use cases of NFTs are being introduced. One of them is staking. I am a regular trader of NFTs on open sea and Binance and i see huge interest of traders and investors on both platforms and every day I see new products are coming in the market. Sports NFTs is next big thing to happen there which will certainly create new interest bin this market.
Depends on the type of NFT project. Just like the ICOs and IEOs that were highly popular in 2018, most of the NFTs that are appearing in the market will be short-lived, and that there needs to be a lot of marketing and a lot of effort from developers in order to get their project work. Most of the NFTs that are appearing in the market right now are valueless, and doesn't really offer something new and something fresh on the table. Some are even used as a tool for money laundering, and that speaks volumes about the possible future of the said market.
Decentralized finance (DeFi), Web 3.0, financial inclusion, the rise of non-fungible tokens (NFTs).
Axie Infinity success, Will the others be successful too?
https://www.bbc.com/news/technology-56371912.amp
The concept of NFTs has become widespread so they are not going to disappear anytime soon, however things are going to change in a way similar to what we saw with icos and then we saw a transition to ieos and other ways to assure the investors they were investing in legitimate coins.Axie Infinity success, Will the others be successful too?
https://www.bbc.com/news/technology-56371912.amp
I think something similar could happen to NFTs, it is impossible the market is going to remain as it is now as people are quickly losing confidence in the NFTs, but if there is a way to reduce the manipulation we are seeing in the market, the huge number of scams and bad art then they could have a future.
Axie is an anomaly in the play to earn world. Many projects tried to mimic the success but turns out only Axie got that big. I am 100% sure that if someone spent a few million dollars on building an amazing game, and yet a simple one, then they could get high up the ladder as well. All you would need is 1+ million dollars for marketing, and 1+ million dollars for development (not just coders) and you would have yourself a game everyone plays.
Yet all the games I have seen was "this is the amount I have, let’s make a game and get rich with this much money, I can't afford more" and nothing else. It is obvious they are not good at all but the creators don't care because they only want to make a profit, if they spend 20k and make 100k that is enough for them, even if game sucks afterwards. The sector will die down after axie doesn't make people as much money as it did.
Yet all the games I have seen was "this is the amount I have, let’s make a game and get rich with this much money, I can't afford more" and nothing else. It is obvious they are not good at all but the creators don't care because they only want to make a profit, if they spend 20k and make 100k that is enough for them, even if game sucks afterwards. The sector will die down after axie doesn't make people as much money as it did.
Decentralized finance (DeFi), Web 3.0, financial inclusion, the rise of non-fungible tokens (NFTs).
Axie Infinity success, Will the others be successful too?
https://www.bbc.com/news/technology-56371912.amp
Axie Infinity success, Will the others be successful too?
https://www.bbc.com/news/technology-56371912.amp
Judging NFTs now, others will definitely be successful, with proper marketing and promoting, NFT projects will definitely be successful, there is a huge possibility that NFT will continue to progress and remain consistent, there are so many things that you can actually sell, and with games like Axie Infinity, game developers will definitely try out establishing their games involved with NFT.
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