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I just wonder why people buying NFT artworks like cryptopunks. I am not against NFT and I love it. I actually own some NFT games accounts like CB, Axie, Dpets because I am earning from it.. But for NFT artworks can you tell me what is the benefits. And why some of the people buying it?

Aside from hype. People earning from fees I guess, which set up by opensea, and some also buy it for the pleasurr of collection. I dont think they would buy it out of hype alone of course these whales also take profit and definitely will sell it on a higher price.

I also own Axie but other than that, there's no other NFT that I own. As for the artworks, that's just the same as the usual art or painting that's being priced in high due to its painter/maker. And that's the same with digital art works or what we call NFTs. Those that are expensive, they're rare and usually makers of it are only creating a single piece and that means that its rarity is high and it's the only one that's being made in the entire world making it rare and high value. The design that usual cryptopunk creates have high value and I think that's the art that you're pointing out.

First of all, people have their own personal hobbies and some of them wanted to have the most unique items you will find in this world. Now you mention cryptopunks and other NFT artworks, the reason for their craze is the limited edition of the artworks that only exist in the metaverse and you can't find it somewhere else. Their price is surprisingly huge and you need to understand that not all of them have this kind of price because some of them are just junk and have no value.

You can admire it and that's it, when you have lot of money and willing to spend to create attention then spending in such way will hell you and NFT srt is just a collectible item which has been already told by many people.

I guess when you were reading the explanation that already mentioned on the cryptopunk site and that's more than enough to know why people were buying it https://www.larvalabs.com/cryptopunks

There are some points why people have been buying the cryptopunk even some people feeling skeptical as the price was too crazy

1. Uniqueness - People who have bought cryptopunk seen the uniqueness of the punk NFT art
2. Cryptopunk can be considered as the early platform that used ERC721 as NFT token
3. There were limitation for the punk NFT art up to 10k art.


It seems like those reasons quite reasonable enough to explain why people bought it

If you look at the development of the NFT token so far I think it has a promising future,
and if it's serious to invest in NFT we can buy it,
but before buying we also need to analyze it because after all it is an important thing that we must do

You can not say that people who play around with NFT are here only to earn. Aside from a financial motive, if we take a look at a bigger picture, there are even people who collect a stamp, collect trading cards, and even a mug! those collectors might earn some money, but there are many reason why people collect things like that, a hobby is one of the many reasons. I'm sure that people who get into the NFT world are not only for monetary value.

The innovation in the cryptocurrencies world gave us things like NFT, which is has a lot of potentials to grow. Its a brand new things that most people haven't been aware of, but if we thoughtfully thinking, it became such potential for those collectors.

it looks like you are not speaking in the context of the question, he asked about "NFT artworks" such as selling chats of one of the figures in 2009 or BTC predictions in 2009 and then made in "NFT artworks" made in crypto bands or better known as "NFT artworks" there are even this new monalisa photo is for sale, but i'm sure you're just kidding don't know "NFT artworks". Yes, right cryptoaddictchie (https://bitcointalk.org/index.php?action=profile;u=1269701)
as said below can be the reason for the example

The answer is the same as to the question why in the 17th century during the tulip mania was paid 100,000 of $ (converted in today's value) for tulip bulb.  Buyers were not interested in using or growing the tulip bulb, but in reselling it as soon as possible for an even higher price. The same is the case with all the useless NFT assets for which sometimes immense prices are paid and for which hardly anyone will have any use in the future.

Art NFT projects sound somehow to me as well but the crazy part is people are buying, not just small time investors I'm talking about big investors out there, it means the whole idea works people like you and I are just unfortunately to not understand how the thing works, I will have to go deep and do my own research, I suggest you do the same

I do always wonder that as well. I mean how can I suppose to safeguard a digital picture that I bought for 200 dollars' worth of Ethereum if let's say I changed computers in many many years. I know it is converted to cryptos and I think it will be saved in an ethereum wallet or something. I have not researched NFT's yet and the only thing I am confident about this token is that it is a digital art that is converted to crypto so you will be the only one authenticated to really own the piece of artwork even if there are many copies of it scattered all across the internet.

NFT games was so popular like Axie and so many more. Not all have the same taste, NFT artwork is also starting to grow as most of there supporter are art lover. Its a comparison, some like games while other more on artwork in NFT category. Maybe NFT games is now in trend but it would not always at that, like you compared NFT artwork is now slowly evolving in the crytomarket.

NFT in terms of selling digital artworks can be viewed based on your goal.

1. If you're here in this industry hoping that you could sell it at a higher price than you have bought it. I wish you goodluck.
2. Collecting NFT's instead of trading them for monetary gains could be something more personal. Maybe it gives them some sort of status in life or they just simply love collecting digital items.

Personally, though, the true purpose of NFTs in digital artworks is to provide a digital imprint that certifies the true owner, allowing him/her to freely sell his/her digital art piece without having to fear piracy. Unfortunately, that's not the case.

maybe because NFT has just been hype so that it can attract a lot of attention there will be investors who continue to come in and invest in large amounts at this time many have been trying to make it more and more interested and investing in NFT has become one of the right investments for it to be bigger one day it will be more famous and able to make NFT a big hype this year it is proven that NFT will continue to grow.

The crypto space is always innovative that is one of the things to bear in mind, what you think that doesn't matter might mean a lot to many people. Before now, I used to have same questions like what is the essence of buy all these NFTs, especially the artworks not until I came across someone who buy NFT artworks at a low price and sell higher, that changed my narratives immediately.
This NFT trend came with many features, on one hand is gamified features and the other is artworks, both have their areas of use, in the same way a lot of people knows the area they can make profit from. The hype is very much around, therefore whichever area a person wants to get involved with will require good research in order to be on the safer side and free from scammers.

Because of the NFT hype and collectors, and the NFT artworks seems to grow bigger each time. The only NFT i have is that one from Enjin and Binance NFT. I personally love NFT artworks because some of them looks so cool, but because of my limited funds i decided to not buy the NFT  :(

I can tell you NFT has a lot of appeal for a reason, because it is a cryptographic token on the blockchain that represents a single asset class and has a proof of ownership, which has led to the exponential growth in this field. And you can find the features and solutions that bring to be applied in many other areas of life like, keep on DYOR.

Probably thesame reason why people buy physical artworks. It doesn't make much sense to buy them expensive though unless there are valuable things hidden on them we don't know about, they have secret meaning, they are unique/rare,  they want copyright power over them, they're made by famous characters etc.

I think they have personal reasons why they can buy NFT, maybe they can benefit from the unique NFT or because they like the art itself as an art collector, and for me personally to buy NFT art is not currently interested

the most minimal thing is that it's for collections. they might have had other reasons for buying the art, but the minimal reason was to collect it, especially if it was distributed in limited circumstances. we know that some people are even willing to spend hundreds of dollars on their favorite card.
To be honest, there are a lot of weird things out there that are even bought at a high price. I've seen some strange things like used chewing gum, used tissue, and other things on sale at fantastic prices. we never know why someone would buy it, but it's because they need it.

There are only new projects, I don't see any developments in the NFT projects which has been sold.

It was good when the market got hyped but in the long run its very unpredictable future where I don't put my money for sure.

There are many reasons but I think these are the 2 main reasons for it.
They are collectors.
They want profit.

Collectors - I don't know why because I'm not a collector of anything whether it is a physical coin or a physical item or a digital one but there are some collectors worldwide who will spend much money just to have some collection. I still remember the investor who bought a digital NFT art for around $60,000,000. That is how passionate these collectors are. They will spend money just to have some collection. Ohh wait I play Axie Infinity too so the Axies I got are all NFT so I can consider myself as a collector then :D.

Profit - No further explanation into why. You know the reason already :)

Different perspective. Some people may just want it for collection. Others find it profitable in the long run. While some will do it just for support for whoever made the artwork. Same with you I am also buying NFT with games. That's because we also want to play the game and profit at the same time.
I have DPETs and even with all the failure they made I still want to see how the game will end up when the roadmap is done.
I don't want to look like a hypocrite but I want the profits too, just not this early because I know there is a roadmap that needs to be followed.

Why do people buy NFT? in my opinion this is a new trend people follow the trend and it is like a collection of precious pictures and collectibles in real life we have paintings, antiques ..ect , in the crypto world we have NFT , and the special thing about NFT is that it is an irreplaceable , collectible as well as long term storage .

The importance of NFT lies in providing the ability to securely value, purchase and exchange digital art using a digital ledger (blockchain). NFT can be used for digital artwork, online games, and more.
NFTs are typically created by uploading files, such as digital artwork, to an auction marketplace. Just like any other art form, NFT is not interchangeable, making it more like a collectible but in digital form. art and collectibles are expensive things for collectors.

regarding NFT artwork, there are 2 options.
1. artists, painting collectors, etc. love NFT artwork because it has its own characteristics and usually they are part of Artists in the real world.
2. For me personally or maybe a cryptoqurrency user, I only use NFT as an alternative investment to make a profit, for example buying NFT A for $70 and selling NFT A for $130.
and maybe there are also those who believe they have a high selling value in the future.

Mostly everybody associates NFT with pictures, gifs and so on, that's understandable. But in fact, it turns out that there are a lot of other ways to use NFT, I've read recently an article about it, and I think that answers your questions can be found here.
https://blockster.com/blockdesk/1341_nfts-aren-t-only-for-art-other-nft-use-cases

It's much easier to launder money by buying and selling NFT. Consider this scenario. "X" sells drugs and gets paid in crypto or converts his black money to crypto. Lets say he has 1000 ETH. Problem is still fiat is needed to enjoy that money more easily. "X" knows it is tough to explain how he earned so many ETH, so he makes multiple wallet addresses, and buys or make a cheap jpeg NFT. He starts quoting 20 ETH, 50 ETH, 100 ETH from diff wallet and finally buy his own NFT from another of his own wallet at 1800 ETH. Since no KYC is required in NFT markets, he has successfully made a trail of where the money came from and can easily convert it to fiat.

Around 70% NFT market is running coz of this, remaining 30% is looking for future possibilities. Jpeg NFT is no future but def good scheme for hustlers.

The NFT hype is huge this year. I think that's the main factor that NFT can become popular. In addition, NFT has many types and supports many concepts. The increase in NFT is also said to be very fast this year. no wonder so many people allocate money in NFT

I guess its the hype that was driving the NFT craze today, and because it's a new trend in crypto that's why as usual many people/investors are speculating/investing in it like always done by crypto investors, some NFT artworks are looking simple but it was sold in a higher price that's why for me it's hard to guess base on what we see, I find NFT Games are more good and suitable like Axie compared to the plain NFT artwork that just made for collection.

I think the trend is now NFT for that reason everybody wants to buy NFT so I am also trying to buy some NFT after someday we will see very good something about NFT. 

People buying so many NFTs because they were adorable and people could make a lot of money flipping them that they clogged the Ethereum blockchain. NFTs have a lot of advantages, one of which is that they enable digital artists to claim ownership of the process. It used to be difficult to make money from files that people could freely download and distribute.

NFT has 2 advantages of being irreplaceable and identifying the owner. That is an advantage to provide change to the erosion in the outer fields of art. In art, works value inconsistently or non-quantitatively by mixed value to the buyer. There is still a lot of skepticism towards the NFT because many people still judge its hype objectively.
But I think, NFT is the future of practical problems, it will solve many spaces left behind.
Nike is also a pioneer in digitizing shoes into the NFT space. That is proof of its practicality.
https://boardroom.tv/nike-cryptokicks-sneaker-offspring/ (https://boardroom.tv/nike-cryptokicks-sneaker-offspring/)
Haute Couture NFT
https://cointelegraph.com/news/haute-couture-goes-nft-digitalization-at-the-paris-fashion-week (https://cointelegraph.com/news/haute-couture-goes-nft-digitalization-at-the-paris-fashion-week)

I guess NFTs are the trending technologies on the blockchain at the moment and with the continued high priced arts that are banking in big, this ecosystem continues to show growth and this could be because more people that appreciate art are getting into the ecosystem or just want to be part of the blockchain technology through NFTs a niche they might understand better than othet speculative crypto coins.

I will go with this, NFT can be adorable and interesting, at the same time they can be profitable. What more is needed for people to get hooked?
Probably not many NFT projects will survive the test of time, but some projects are here to stay I believe and that's what makes NFT market still interesting to many people.

NFT or Non-Fungible Token is a crypto technology such as a digital certificate stating the party who owns the photo, video, or other virtual form (digital work), the NFT token can also be said to have many uses so that many people buy NFT as an asset.

Ain't with the hype of Axie, but pretty much because a lot of people especially around my area are not into too much technical stuffs like trading/investing. I haven't still tried that game I mentioned, but I am pretty sure people are into it not just because of the price of it, but the interactivity throughout the game.

You have answered your own question, the people that are buying any kind of NFT are doing so because they are looking to get benefits out of it, they want profits and that is the only thing they care about as I find difficult to believe that anyone is actually going to pay that much money for the love of art, you do so because you think it is going to be a good investment but unfortunately this is not going to be the case for 99% of those works and the people that bought them are going to regret doing so in just a few years.

NFTs has been trending lately in the crypto space sometimes I really wonder why it got so much hype, well I think the NFTs coin are promising and a good source of investment that's why it got so much hype and also it's kinda promote creativity in the crypto space, what really baffles me is the high prices it's been sold for, like people are spending a whole lot of money just to own some graphics like I feel so amazed. With time I will get to understand how all of this works and would surely like to take part in it as well.

NFT is the trending topic in crypto or Blockchain Economic.Crypto or NFT building a batter Investment way.

Aside from the hype surrounding in NFT today, some are just really good in marketing their NFT collectibles. But if you are a buyer, you should really think many times before buying one. First, you need to consider the artist who is selling the NFT art, will it fetch good price in the future? Do you think someone will buy the item if you decide to sell it in the market? Selling this would not be easy as not many people are interested in collecting digital art. So one thing also that you need to prepare, is if you can wait your chance when somebody notices your item. Bottomline, don't just buy any NFT art, consider you chances here first.

All sounds like a hype. They say owning the NFT means you can prove the ownership (and originality?) of the art. But I still don't get it. Like why... You buy and art, someone can have the same exact copy of your art. You both see the same thing. OWN the same thing. Either everything is all crazy or I just don't understand the real value of NFTs. But all I know is that most people are buying it hoping to make some nice (quick?) profit. Do you guys think NFTs will still hold the same value after the hype goes down?

The question is similar to "why people are buying some shitty modern art minimalistic drawings?"

There are too answers for this.

1) They know or see something that you can't see and understand. Something valuable for them.

2) They are just fools, trying to be trendy and pretending to have a good taste.

I think this market force behind NFTs is all a matter of speculation. People have the idea that in the future the NFTs they purchase now might be worth much more.

The way I see it, it's a testing game and I'd imagine for some people dropping a few ETHs here and there is nothing when they can experience the NFT market, and the expected future return. Put simply, NFTs generally are just another hyped up thing.

Its like buying a limited edition toy if a developer make a unique NFT then they will sell it for some investors and NFT player, because it has its own value the rarity and the developer making it a higher value NFT to sell in the online market. Thats why people buying NFT whenever they can sell it or make it a collection because it has a value like digital art.

It seems like everybody on crypto Twitter has an NFT profile picture. I don't really get the attraction. I can see how having a unique image while preserving anonymity would be interesting to some extent but I can't imagine paying more than $5-10. People are paying insane amounts for cryptopunks. I'd rather just pay a talented artist to make me some custom personalized artwork I can use for my profile picture.

It's just people who got into Ethereum early and are very rich now and they haven't cashed out so they just have a ton of ETH and don't know what to do with it. So dropping a few hundred thousand dollars on some crappy image NFT is no big deal. Sure in a few years they won't be able to fetch $10 for it. But they're rich enough to not even care. It's just all hype and lots of early buyers who are whales now with nothing better to do than blow tons of money.

Well I guess they can make money of it by selling it at high price, it's just like buy low and sell high but there are some people who likes NFT art work just for their collections. Me, I'm not a fan of NFT art work but only NFT games, it's a good investment than NFT art works.

Because it is in the segment as a work of abstract art.  Speaking of "art", it means that it is not within a fixed price bracket, for those who do not have an artistic eye, they will not know the love and value of the work, but for those who have  subject, they can buy it because it has something special they see, or simply because they love it.  Art is macro when it comes to value.

I think, first, they like the idea of ​​art… and then they believe in the NFT's trend towards minting or digitizing art into practice.  NFT is a solution to help remove the rut from primitive identification mechanisms, the impact of intermediaries on the value of the work.  So, owning an NFT kit at an early stage is a good guarantee for their benefit.  The NFT is still in the early stages of this movement.

I don't really understand it too. IMO in time those NFT's only will lose their price. If they doing this to support NFT market it makes a little sence.

I think, because it's trendy now. Even contests are held in cooperation with the NFT. Here's a givaway from the Blockster, for example. https://blockster.com/blockdesk/1402_blockster-is-launching-a-new-nft-campaign-in-collaboration-with-enjin

The only reason I see why so many people are buying NFT is a pure speculation. They want to resell NFT while they are on hype.
I dont see any art in NFTs. As a picture, it can be counted as an art, a digital art. But there is no extraordinary behind it. If I will search for art or for pictures, I will simply google "pictures" or "pixel art" and will find way more interesting items.

I start to feel that NFT is a copy of a in-game skins, weapons, clothes and etc. What was popular to buy in video games 5-10 years ago, migrated to the Internet.

I never invested in the crypto punks sadly, could kick my ass for that but last year I found NBA Top Shot, and was pretty interesting so I bought some of those NFT moments and made a lot of money when the hype about Top Shot peeked earlier this year. I think NFTs are a good way to make money if you manage to get early into the projects and buy stuff way cheaper

I have the same question as I am not a shrewd observer when it comes to art. But when we talk about collectors, they have a passion for buying something rare. Sometimes they are just boastful, sometimes their collection is just something beyond price. If we are talking about NFT art works as investments, I don’t really think that it is a wise choice. I consider it to be rather a lottery

A contest from Blockster in collaboration with NFT and Enjin. Blockster is launching a new NFT campaign in collaboration with Enjin.
You can get NFT for free if we have a registered account on their social network. Join in!
https://blockster.com/blockdesk/1402_blockster-is-launching-a-new-nft-campaign-in-collaboration-with-enjin

Self-preferences and some "hype" circulating around that NFT.

There are collectors who take their collecting stuff into digital. I don't know Cryptopunks that much but for example Razer and Coca-Cola, they have a large user -base that supports their stuff so regardless of either of these collections will have a good price in the future, they will just buy it no matter what.

Somehow it contributes to the popularity of NFT. Who knows that NFT art collections will be soon much more hype and profitable. For now, NFT games are the most hype because of play-to-earn features.

Many people are buying NFT. Because you can see that NFT is going Famous In these days cricket and football ticket are selling in NFT and also WWE ticket are selling in NFT I hope it will grow in future and it will give us many benefits

ìt is called digital Arts. the same way pictures on  boards are price highly. some paintings depicts loads of meaning and some people spend huge amount of money to own such art works. the same can be said of NFTs. they are digital arts and are unique. they will never be built again by another person. traditionally arts can be repainted and redesigned by another artist but same can not happen for digital arts especially NFTs.

Will be considered an antique piece created in the digital world and among those NFT generated in the crypto digital world that is simply marked as low RAre.  People are collecting from him.  The latter will make a profit by selling at a higher price than the market price or some person is collecting his own collection as antique pieces.

This NFT artworks has a huge future because of it's effectiveness towards every users, it amazingly captures the heart of several gamers who deligently playing different virtual games that they would earn good coins. One example of that earning as you sad was coming from axie, deFi pets and many more. As you buy and hold NFT's digital products, it's like owning a physical asset which is more valuable than a property like residential or lot area.

Many collectors collect cards like that because they have a long-term goal, maybe some people will be surprised by the price, but for collectors who like art, they will collect it and in my opinion art is highly valued so that regardless of the price the card or painting will have a high selling value. recently Visa also invested in NFT by buying cryptopunk cards, I think they have a purpose, because some people have cards for fun purposes, like groups that have NFT to get access to a place.
if I can buy then I will also buy NFT which can be used like a game and I'm sure one day the price will go up 100x

Art is Art accepted but digital Art been sold for millions of dollars is crazy, why? I can't even display them physically in my home 😅 I'm surprised people are buying digital art 😁 it works but it's the least of what I could spend money on, I just prefer in game NFT tokens over Art NFT

People buy NTF, realizing that it will be possible to earn money on this later. This is an investment, so you need to be aware of all the risks and understand when you need to get out of this at the right time.

NFT artworks are like your physical artworks IMO. The difference is one can be damaged due to mishandling since it can be physically held, while the other cannot be tampered with, nor damaged, in any way since it exists in the blockchain. Plus, people found out that you can make money in NFT artworks very easily compared to physical artworks—and it's easy to get in on the market, too. Lastly, some are just really avid collectors of artworks thus they buy NFTs aside from buying physical artworks, too.

The same reason people buy art work or even bid millions to get a piece I didn't some people like to collect and keep rare items So basically most nfts are very rare and it adds to o some people collection or vr pleasure

for NFT itself, I feel more emphasis on fun because what I have felt so far apart from getting its own benefits from there I am also very happy because NFT is now starting to bloom in the game system and this is one of the main attractions for me, which is actually me. are lovers of games.
With the presence of this NFT-based game, it becomes a differentiator for me because apart from getting the benefits, I am also free to express myself in the game.
especially now that NFT is in a huge hype that many people want to experience and try the same thing.

I think the very high NFT hype proves that NFT art is currently highly sought after by art enthusiasts or as an investment tool that has a very high potential price, if we look at the transactions that exist in cyberpunk NFT there we can see a very significant increase in NFT prices. from the beginning the NFT was formed because of the unique NFT system of course it could be a rare item with a price that could be very high in the future.

But it's different with NFT for game items or character like many NFT games, it's useful for playing the game and the price also make sense although sometime the price feels too expensive but this characters for games in form of NFT can be sell in the axie market again so I think it's worth it because there is demand for good in game character with good ability, etc.

In my opinion they buy those nft artworks because they love to make it collection. And they have a lot money so its there's no problem regarda on that matter. They had a lot of business or investment here in crypto or in real-world.

AS I ALWAYS SAY TREND BENEFIT EVERYONEgo with trend you will Alway find success nft a non-fungible token digital asset which is represented in the form of Artwork music  Design signature the main reason people buy such collectible because it can you used in game as an nft card in which user can only play and earn when they have a nft card that's the main reason that nft market coin value are pumping as more people buy the NFT and that ultimately help in the growth of platform so that's the reason that NFT's had been pumping

Yes exactly NFT's are in trend these days and are growing rapidly and we all see this as a very good investement opportunity so why would not people buy NFTs.
Yes there are scams but there are some very interesting and greats ideas in some of the projects which are worthy investing.

this is clearly the effect of NFT which is easy to hype and pumps quickly, why do people put assets in large amounts if it is because of hype and wants to get big profits. but in addition to only the profit factor NFT also has a good system, there are lots of concepts of coins that use NFT and it's like a new concept that attracts many people to join there

Yeah, current NFT trend it's only Quick Profit scheme which is bad & good at the same time but basically have a lot potential especially on the Content, Finacne and many other markets. As we can see today there are a lot NFT project without real use case and only some of them have an good concept for example like Axie Infinity, Offering Economic & Gameplay in one platform. Let's hope we will see some good stuff on the NFT market in the future!

Well, NFT is mostly a farm game world with hard work being the top factor for cashback, can also imagine us as new generation miners with diggers that are characters and accessories in NFT games, the official profit is only generated after the payback is completed, buying early will be a conscious act of those who understand the essence of the game. New cryptocurrencies are very detrimental to the long game, their future stage is few and lacks a leader and users need to exploit them optimally before they announce bankruptcy in value.

It's surprising mate because it's trending around the internet and alot of people really take the advantage since most of the feedbacks are good when it comes NFT. and investors really made good return from it because of the hypes nowadays wherein still very amazing actually, especially when it comes short period of time, the profits that can be made is like more than months of holding compared to some token in the market. Lol so for me its not surprising tbh why investor really going crazy in it right now.

I think people are buying such NFT artworks for the same purpose that they will buy it in real life. I also used to wonder why people would pay for actual artworks and with time I started to understand why. Some of them are being bought as a collection and people will use them to form a collection library, as time goes on these people may decide to sell these collections and make money from it as well, the worth will keep increasing.

So, NFT imitates the same thing, they are buying them as a collection and they might decide to sell them later, whatever their choice may be. And also I think that you can also profit from NFT artworks you buy when people download and share any artwork you own.

People are only buying NFTs because of the hype. They don't care about the utilitarian value of an NFT. The public only cares about making a lot of money in the least time possible. Right now, the hottest NFTs are mostly in-game items. Digital arts/paintings and other collectibles are left behind for good. Expect to see new NFTs pop up every once in a while, as popularity grows like there's no tomorrow. NFTs with intrinsic value will survive in the long run, while the rest will go down the drain. If you're planning on buying NFTs, you should do your own research before making the move. Otherwise, you could lose a lot of money in the process as NFTs are widely unpredictable (just like crypto). Just my thoughts ;D

Honestly, it is just a way to make money. The first NFT stuff were just pictures and that made zero sense, which is why I understand why everyone stayed away, I stayed away from them as well, why would I pay so much money for just a picture. However, these days there are stuff like axie infinity where you pay 200+ dollars to get an axie and you get 3 of them and then you keep on grinding more and more to make money. If people breed more and sell them, then they are going to make profit, if they do not breed more than the SLP price would go down and they would lose money, but if the SLP prize goes down they could simply just buy a bit more of that and then breed for cheaper as well.

Right now, the minimum breeding cost is about 180 bucks or so, and that means every time you breed an axie you will make 20+ dollars profit minimum, and that is just breeding, you can also play the game and make a lot of money as well. Long story short it is definitely profitable nowadays, and that is why there are a lot of demand for it.

NFT for artworks is sort of how artworks are in real life. Basically, people view and judge those art pieces like how arts are being appreciated by the eyes of the beholder. Some think a few certain artists will going far in the future so they hoarding artworks from that artist in NFT as an investment. You know how artworks from a long-dead artist sold for a ridiculous amount, right?

It's not just Hype, but purely because of the positive trend where everyone welcomes NFT very well so that the NFT users become very large which causes the recovery in the market to be faster, that's why NFT looks stronger now.

Because the NFT artworks are unique and limited as we know that if anything is limited and unique all will try to buy so the hype will be created and it will be sold at a high price. And this is also the hobby of many people that they keep unique things. So it can be reson of buying NFTs.

It's just NFT hype. I am still out of NFT buying but i am not against of NFT. The art work lovers also loves NFT and they want to collect unique piece of art which is from NFT using cryptocurrency. Many people consider NFT is the future of cryptocurrency. But i am not accustomed to NFT hype.

utility NFTs are here to stay/will be the future

Supply and demand were there and like I said, it was just another form of people want to invest early in artworks or artists and claim the ownership. You don't need to accustomed to NFT hype. Just follow the trail of money and find some really good pieces of art and investing in.

As we know NFT is booming right now, because NFT has given a new color to crypto, how not, NFT can be used as a place to appreciate their art besides NFT is one of the most promising new investments right now because of the hype.  , this is one of the reasons why people buy NFT.

I also can't understand why people spend so much money on images that have no purpose or meaning. Just some cartoons LOL

Of course play to earn NFTs are good and nowadays it is trending because one can earn good money by playing games.

Sometime the price of NFT doesn't make sense and make me wonder, rocks NFT also priced so high maybe some rich people is interested in NFT so they buy those random NFT art for such high price but if it's an NFT for game, it's usually for playing the game and can give return of investment if the game let you earn by staking or playing like VulcanVerse.

That's really interesting question. I puzzled over it for last week and couldn't comprehend point of these crypto-punks and rocks. But thanks to all the answers I see the picture now.

" RCFC NFT special incentives
Special promotions have been devised to offer real-life perks that come with some of the NFTs to increase fan’s direct engagement with the team and highlight the benefits of being an NFT collector.

In the first promotion, whoever successfully bids for RCFC’s Lam Chun Kit Legendary Card (auction card) will enjoy one year’s free access to all of RCFC’s Football matches.

The second promotion is for whoever collects the whole series of RCFC football NFTs. They will enjoy the opportunity to get a t-shirt with players’ autographs, and either a face-to-face meeting with a team member, or even the chance to train with the RCFC team (final details to be announced nearer the auction date)."

https://menafn.com/1102692449/OliveX-and-RCFC-kick-off-Asias-first-football-NFT-deal

The hype brought it to the market that's why it created mass demand to people wanted to ride the train of NFT's, same to DeFi project few months back. With the currently play of NFTs especially Axie Infinity it boosted their project because people wanted to get hands of that play-to-earn schemes and I am not gonna lie, I playing axie infinity now and it hooked me up. Hoping their platform will be standing for a long-term and I believe they will be.

Today I came across an article about NFT and its popularity today, I think for many it will be interesting to read, I leave the link https://blockster.com/blockdesk/1323_the-rise-in-nft-popularity-lifts-all-tokens-what-is-a-nft

Because it's a trend. Right now, for example, Blockster is holding a contest for a limited edition NFT collection. https://blockster.com/blockdesk/1402_blockster-is-launching-a-new-nft-campaign-in-collaboration-with-enjin

Whenever they create some NFT games is as if Axie is mandatory to use as a good marketing strategy. If you go right now to youtube, they always link in the title the name Axie to bait their audiences. Unlike the other games that have recently emerged, the only NFT game that would list in as the same game as Axie is Splinterlands because it has been here with us for years same as axie. the other NFT games are on their beta testing but already playable lots of bugs and errors are their problem.

I think people are buying nft blindly just because of hype in the market as we all know that how was the hype of the bitcoin when elon musk tweeted about bitcoin so I think this is similar.

One of the reasons why they buy NFT is a believe in easy money. People are obsesses with stories when people sold NFT for thousands of dollars, after buying them for couple of dollars. They believe they can repeat that story of success. But the problem with NFT is that it is easy to buy it, but it is hard to find a buyer.

they can also earn from it if they will resell it in a much higher price .
 there could be some that buy nft artworks for collection just like what your doing in a real artwork where they kept it in a safe place .
some nft's are unique or rare and its a must have but for the nfts that are common , the demand for them can be not that overwhelming .  since you love nfts why wont you expand your nft collection ?

NFT has greater potential to continue to grow, Nft is a crypto that has better innovation and continues to be developed. nft is also a piece of digital art that is turned into crypto so most people are interested in holding NFT, I think this is the main reason. then many investors look to NFT because the token has many uses so that demand is always increasing.

In my opinion, NFT really offers a promising future for the popularity of crypto.  What did the NFT have?  Opensea dominates the NfT marketplace for most genres, AXS, Cryptopunk achieved over $1 billion in sales in just a short time.  It is clear that buyers of these NFTs of all kinds have confidence in the future and its meaning, art is an array of miracles and of unfathomable value, if they had purchased earlier works of great value.  value, that's really a bargain.  Some NFTs on Opeasea are bought and sold profitably 25ETH in just a few days.  Lol

Many people choose to have something exclusive. Those that only they have. Such possession gives them real pleasure. Others use this feature of such people to make money.
We are all very different. However, I prefer simple, ordinary things.

Many are buying for the hope of making more profits out of it since most nft are through bidding only, while some other people buy for the sake of it, they have money and can afford to buy such to improve their status.

Until now, you could say NFT is really growing fast and many people are interested,
we can see a lot of people who are already making profit from NFT,
we'll see how far the progress of this NFT will be because it will definitely be interesting

People are buying NFTs now because this technology is new and they don't know how to estimate the value of such tokens. Just like they were buying altcoins in 2017. Most of them are dead now :)

If you refer to the main reason for NFT, then you should also look at the trend and the number of fans for NFT, because the basic concept of NFT is on digital games so that it can blend with digital works of art as well, I think that's the reason so many people prefer liked NFT at this point.

Pure and utter hype.

Unfortunately a lot of projects which have no substance are getting pumped up because their prices are exploding and there is media attention.

People saying that NFTs have a future are right. But their future is probably a lot different from its current usage case as a means to speculate and flip JPGs for short term profit.

I understand that they see it as an investment and it is definitely something profitable to keep making money with something while also the price of it going up, but defi was like that as well and only a handful of places left after the hype is over. There were hundreds of pancakeswap copycats in the world and right now there are only like 5-10 good places in BSC while all others suck, so that means is maybe axie infinity could stay a bit relevant but all others may suck in the future.

I just do not know how long it will go, I can afford to get 3 axies and start fighting, I learned about it very well and I could pick great 3 axies for as cheap as possible as well, watched a lot of videos to learn about it. However that doesn't mean that I will do it, only because I have no idea if it will continue like this for a while or if it will start to suck in a month, no idea how long it will go.

As this is the new hype in the community, people should be very careful buying these expensive NFTs because they may not have the value in the future that you want. Some are exaggerating their prices because it is the current hype. But think of its possible value 3 or 5 years from now, or when you decide to sell it in the market. Can it easily be sold? Who will be interested in buying your NFT item?

Hey Visa bought a punk so basically I think it act as a souvenir of some kind to some people plus the fact that only you gets to have that nft and nobody else makes it worthy for rich people I think...just be very careful dealing with nfts

there are article that covered the NFT. how it is a lucrative gen and why it is important. one thing good about it is that it give the owner a unique identification of that particular NFT. this means that no other person is allowed to own or create such NFT again. it gives the owner an exclusive right to own that art work. yes NFT is an Artwork that dipicts unique pictures which is onwed exclusively by thr buyer. No other person is entitled to own such work.

They're only buying it with the hopes of making money in the least time possible. Believe me, most NFTs will fade into oblivion because they don't have intrinsic value. The only exception to this would be in-game items and certain digital collectibles. NFTs are just starting to blossom, so time will tell us whenever the trend will truly last or become a failed experiment altogether. I hope NFTs don't fail like ICOs did back in 2017. They have huge potential to take the world by storm.

If successful, NFTs could replace physical collectibles and art. Many NFTs have been sold at ridiculously high prices, making even kids filthy rich. I was impressed by a picture of a rock which sold for big bucks in an instant. I guess anyone can take a picture online and sell it to get rick quick. If kids can get rich, I don't see why an adult can't do the same. Just my thoughts ;D

Money is really cheap right now and a lot of people out there are looking for the next "Bitcoin event", where a small sum invested early enough can lead to stratospheric gains. The super rich have so much money flowing in every day that they can afford to throw it away on such meaningless items, then the people with much less sense think that these things are valuable and try to emulate the super rich by buying it. However it seems very much like a fools game, people like to compare it to artwork but I simply can never see a similar flourishing second hand market for these virtual "pieces". People buy art, in it's wide range of forms, because they like to present the unique physical object - but here you have nothing but a cookie cutter object existing in "cyberspace".

Yeah lets put up some link into this
https://www.cnbc.com/2021/08/23/visa-buys-cryptopunk-nft-for-150000.html

They bought it for $150k which i dont see for it to be worth in the first place, not to hate NFT things but i dont see for it to be worth like that but hey, the spending
is just really too small or wont really bother them at all considering on how big VISA is.

Just let them be on jumping with this new trend, thing here is that you are aware with the risk.

Everyone buys something they like not only because of future profits, but many people like this because of their hobby, I think cases like this happen a lot, people like works of art that many people think are priceless but according to certain people are works of art outstanding.

Because everyone has their own point of view in buying art, there really is no logic that can be explained to anyone, for people who can enjoy various types of art, art is not seen at a price, but art can only be seen by people who have certain hobbies.

This is what is called a work of art, art is expensive and cannot be judged from the actual selling or buying price, indeed no one is able to provide answers to works of art that people consider priceless, especially for those who like and have hobbies like this, we can't see the benefits of buying the artwork, if we don't have a hobby like this. That's why the artwork is sold at an unreasonable price, but there are times when the artwork can provide financial benefits for those who are able to use and utilize it.

Yeah, those people that are too hyped with NFTs. They have to deal with it carefully, there really are legitimate NFTs, the work of arts but it's also becoming the target of scammers.
Since there are a lot of people being interested on it, it cannot escape the attention from the scammers that might also make their NFTs.

That's right, there are people who have expensive NFTs and then there are bad people who make and imitate their NFTs. What do you think will happen , can the owner of the first NFT guide him ? 
NFT is a work of art, and only people who have a high love of art are willing to buy NFT at a high price.

Why would a legit NFT maker will guide a thief and someone who copies their ideas? I don't think any means that happens to someone he'll do that out of generosity.
What makes you think that he's going to do that?

Its just like another fancy thing, its for prestige and hobby. Also if you lucky enough, you could sell the artwork for the higher price to earn profit from it.

basically the NFT hype has succeeded in attracting people's attention. with the concept of NFT which produces something new, it seems that NFT is being talked about at this time. for the problem of selling it is not difficult, many people provide NFT buying and selling services and we can find that in forums or social media groups.

People buy because of the hype, I think it because it gives people entertainment while gaining profit, not all people bored easily in the traditional
trading, NFT provides entertainment is all, well it's not bad as long as you gain from it.

Well I think that aside from the hype and earning in some NFT games people who buy NFT artworks are just like crypto hodlers they tend to hold this artworks and wait for the right timing to sell it to get a good amount of profit.

Every projects which comes that has done well in past and with new technology then people definitely going to show interest in that. Some nft, s has done superb performance in their timeline this might be another reason. In crypto whenever a new thinking will come then investots will always going to fill bag for real benefits in future just like NFT

Of course, when people see the hype, they buy something and want to invest. But lately some pretty ridiculous things are being sold under the name NFT and I think it's a little scary. When there is too much interest in something it means it is coming to an end, we are probably slowly approaching the end. I think investors should start paying a little more attention and buy useful things :)

For games, it's because they can play to earn instead of pay to win type of games.

For arts, it's more like a collection, because Art can make you feel something. Most of them felt so many things while looking at art—longing, lust, empathy, anger, disgust, desire, connection. Thus, desiring to make it their own would be their #1 goal. + considering it as an investment.

NFT community is really getting bigger, some projects are creating like social media dedicated for NFT (https://app.define.one/discover) that might be the next Instagram or Twitter.

I think there are many new members who are familiar with digital currency and make NFt their favorite coin, I am one of the NFT lovers, I see nft has a very promising future prospect, this is because digital art is converted into crypto, and its uses are clear seen. for that reason I made Nft my favorite Token 2021

Fear of losing their opportunities as even they really did not perform any investigations and research, they will proceed and invest

With the hot projects, believing that the hypes will continue and eventually they will gain decent compensation.

An ordinary human nature who are lazy not deal with DYOR and cry out loud when they missed the ride and lose their money.

Once the person buy one piece of NFT, he/she has something big expectation that may fullfil in due time. If they bought expensive one, for sure they know something we didn't know or maybe they are so much fan to that NFT artworks. I also have pets in dpet but I don't want to buy NFT just for collection. Maybe because I am not a collector or a fan.

Trend Benefits Everyone Big influencer is doing buying and selling  of NFT's these make the value of NFT's huge , At most people is buying anything when they find that particular thing had some Value and Usecases , Also with NFTs they are used in the gaming platform which is the biggest reason people are buying the NFT because they wanted to play the game most platform only allow you to play their game when you had atleast one nft . That's some reason i find people are buying NFT's

Personally, I think NFTs are a cool use case for a blockchain. Once games step up to the plate and start implementing NFTs as characters and establishing standards for the industry, many people will change their tune. I think it will continue to mint millionaires and I’m glad to see that artists are finally getting paid. They deserve it.

Disclaimer: I own nearly 100 NFTs.

Damn that is a huge collection, will we be able to see your collection and what are the things you collected till now, just curious to know. The game setup will attract new users to the cryptocurrency market, even the current NFT craze we are seeing new users who even used cryptocurrency is entering the market to collect these art and it is a good exposure for the entire market and if the transaction fees goes down, then it would be great.

And everyone who is able to create a new game that can attract everyone's interest, he can also sell it at a very high price because I have also seen that buying special game characters whose editions are very limited will also be very expensive, because game lovers will always offer prices highest on that game character.

Yes, For the rare thing like that its a common sense too sell it on higher price, we already see it on many traditional games before, so it would happen too on blockchain games.