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I have been seeing this extraordinary hate for nft, i find it really irritating, i can understand some criticism but the way they make it look like it is a sin. I mean first of all art is subjective, the points they use to criticize can be easily applied to modern art. For me most of modern art is crap but it has value because people believe in its value simple as that. Even currency is just a paper but it has value because people believe in its value. This is somewhat same hate bitcoin gets even to this day. And i know the same people who are criticizing NFT will be first in line to get NFT once it become more common and once they see profit.

Anyone has their own perspective about the art. Remember that the value of art come from someone's perspective. There are bunch of people called art was total garbage and it has no value or utility. Remember that majority of people are seeking for utility instead of uniqueness from the art. I do agree with your opinion if that's subdjective and anyone has different reason for that. Where did you see that?


That's a new trend that's still not accepted by so many people. You may not feel good to see that but that's it. Bitcoin gets blamed when it was getting created and so many people called that as garbage and useless coins but they didn't know the real value of it but this is a big different when it comes to the art.

NFT is just hype and a playground for money laundering. That's why you are seeing hatred towards it. Buying and selling JPGs can't become tech future. It is just that some celebrities have entered into this NFT stuff and they are constantly hyping the market for their own benefit.

In NFT market, art doesn't have a value! Rather the artist is being valued more than the art. Otherwise I have seen tons of great arts in opensea marketplace, but people are buying meme avatars because some celebrity has created that! Is this the way art should be valued?

NFT is a non sense concept and is bound to be doomed! Sooner or later!

Thats because some got scam by nfts. Thats pretty normal to have some haters. These people learned the nft business in the hard way. I often found some of them complaining how did they end up being scam or their worth when they bought it gone down. Nft is still risky though some really have a good profit on that.

Of course, those early investors and buy NFTs are in profit that they keep quiet and even tell these projects are worth investing.
We can't blame some people who hate NFT as they are suffering losses that bring to that situation. It was not all about criticizing the capability of NFT, in fact, many of these projects are worthless after the hypes, that is certainly a big question and people will show what they feel, and I understand them.
If you were still believing NFT, that was your opinion, and that possibly different from others.

NFT's are not hated, NFT's are just getting too much condensed with all kinds of crowd throughout the globe. The fact that anyone is using it as source of income these days to sell their arts. The underlined bold line here is, they are selling anything they think is saleable on the internet and thus making it new trend.

Artists are not just in the window to accept that stuff. Its not like, we should hate the idea of it but in the name of art if they started to sell anything then how could you foresee a good future for the NFT world?

I understand that there is always scope for something in which peeps are believing however, we should not over do things for earning money.

Lets just hope that this economy will boom sooner or later with proper stages, after all its biggest contributor to the crypto world.

I would guess that this is just part of the normal hype circle that happens with every new type of trend that appears in general but especially in the crypto space. First there is a new project that is doing something new or is trying to do something new then this project gets a lot of traction and attention in the media and the social networks. The early investors of that project make a huge profit and even those that are investing in the next projects of the same type still make nice profits. Then there are more and more copycats coming that are just trying to make a quick buck by copying existing projects and sooner or later people get fed up with it and don't like this trend anymore.

Most people don't see any value in NFT's. Personally I don't get the hype neither. People who criticize NFT's come up with good arguments. One of them is theft. An NFT issuer can easily steal someone else's digital art and make an NFT for it and put it on the markets. You can't really know that it was a stolen property unless you do a research. Most people will get scammed for that reason alone.

I don't think NFTs deserve hate, just like no technology deserves it, unless it's a weapon or is designed to be harmful in a meaningful way. NFTs can lead to issues, but they are not dangerous on its own and weren't meant to be a bad thing, so hate should not be applicable to them as a whole. I know that some use NFTs for good reasons. For example, creative people can use them to sell their digital art, and this is one of the ways of supporting creators. But they can also be used for milking customers (like when NFTs are introduces into a game like FIFA) or even for crimes (when someone sells somebody else's digital art and makes money this way). So I'm not into NFTs, and I do believe they are overhyped, but being overly negative about them is also unnecessary.

But does all of the NFT users believe in or understand about the value of NFT? NFT may be condensed with a lot of buzzwords, and the idea of digital scarcity may become questionable. Though I'd also think that NFT has a lot of potentials, the ideas are there, but the concept of it, in general, may still need room to grow, especially if people want to truly achieve scarcity and ownership. Like how the buyer/collector know the art they going to buy is truly from the real artist, not just some random art copything theft.

Very normal. Especially after the huge drop of the market and NFT also got affected here.
I remember the days when DeFi projects started to pop also before NFT, almost the same happened, a lot of haters and negative comments.
So overall, get used to it. Most of people who are talking about negative things about it are those people who even don't know what NFT is.

some people selling NFT for each other and it raising the price, also manipulating of this market!

LOL  ;D

Isn't NFTs already very common ?

Anybody can easily buy an NFT from the marketplace and this is the reason for it's criticism in my perspective.
In the beginning NFTs were rare and many people made huge profits from it which is why everyone were praising it.
But then many projects started launching every day and NFTs became very common as people were buying and selling NFTs in bulk.
This made the price depreciate and people started losing money which is why they started criticizing NFTs.
Even today many NFT projects are getting launched everyday. It has become the same as ICOs in 2017.

Yes, actually started from bitcoin is just a program code that many people believe, eventually the concept continues to grow so that it appears nft. The concept of art combined with cryptocurrency can actually be negative if it is misused because if it only plays the price, of course this is just a buble. NFT that is made must be really useful not just hype in order to be used in the long run.

Most investors is getting angry with the previous NFT's projects because until now the value still stagnant especially right now on this situation wherein market is on bearish mode reasons they're very hopeless and most of their thoughts were negative.. Lol and for sure it's all because of new investors, i mean these negativity when it comes NFTs because of being lack of information and don't know how to handle such situation..  :D

From the replies i can conclude that it is mainly due to how disorganised nft market is and often misused. And rest is ruined by celebrities. I think many are just seeing it as easy opportunity specially rich people like Trump family on the one hand he is speaking against cryto to please his crowd and on the other hand his own wife is releasing nft.

Think about it, every humans are racing to get richer that's why artists are entering into NFT too to double their money, also it's easier to use NFT for money laundering than any other thing right now, spending millions of dollars on NFT is suspicious as heck to me

It's too long a hype now to be a hype anymore imo. WHen I see how many big companies start working with it I start believe that will be grounded.

that's why people being negative with the NFT trend. This trend is easily to be manipulated. So many NFT that exist in the opensea being used as pump and dump NFT and some may become money laundering. This is a common thing in the crypto that anyone know about this. We know that this is the disadvantage of NFT market but we can't deny that some people may also feel good with the existence of NFT market. That gives more people opportunity to make some money from there. There will always be no a perfect tech and there will always be abuser like those who have been manipulating their NFT.
People just need to think smart about that and they need to take the positive value from the existence of NFT.

There are too many disputes about this asset that are still going around and there is no solution to the problem. Copyright, uniqueness, price, significance for world art. The authors of these projects often do to do and there is almost no art in these assets. The task is to seize the moment and get a lot of money from the informational occasion.

even now in my country the NFT hype is in an even obscure phase :D
Indeed at first just someone who made NFT with his own photos for years but it went viral recently because not even just ordinary people but influencers and famous people are buying photos of him now and one could even say he is becoming one of the billionaires the successful one from NFT :D
But the problem is that today many people follow by wishing they could be like that.
even when i saw opensea today there are lots of food photos, even photos for KYC are there lol.
whether they are creative or just want to be in the follow-up stage I don't know, but this is really too much in my opinion

Even though NFT has a lot of positive things to bring to the market. There are negative events, maybe this hatred is caused by these events. There is also a segment that looks at every new technology with hatred. In my opinion, one of the best inventions of the moment Non fungible tokens will exist in our lives whether we want it or not. I really enjoy watching the progress. It has become a new dimension for artists.

Maybe there is some criticism towards NFTs because of that, however you are correct when you say that things have value simply because people believe they do, this is the subjective theory of value and it is the current accepted paradigm when it come to determine the value of something, so you are not wrong there, however the main problem people have with NFTs is that you do not really own the piece of art that is being sold and there is no legal protection either saying that you do, so in a way people are just buying glorified images they can get for free on the Internet, making NFTs useless as an investment.

Because it just doesn't make sense for some people. I personally do not invest into them neither, right now I have spent like maybe 5 bucks on fees for the ones I had and never spent any money on them. Why? Because I never understood why something should have value when it is such an easily copied thing. All those jokes of "I took a screenshot of your NFT" actually says something.

You may think that it is trolling, but that is a real reason for people not to buy, the ones who buy NFT will not understand it but try to see it from the point of view from someone who doesn't invest into NFT and how valid it actually is for them. So, the fact that you could take a screenshot of it, could sound like a joke and could mean they do not "get it" or something for you, but the reality is that they are actually not joking and that is their true belief.

NFT is a new thing that has not been accepted by many people, maybe Nft is hated by some people because they suffer losses from NFT scams, I think that's because NFT is still new and still in the process of being developed and so just wait for the future there will be many people chasing NFT after all the rules are clear.

Most of the hates that the OP is reading maybe owed to those users who got screwed by buying NFT items.
Because the concept itself is actually great, if it is used in appropriate way.
This is like a digital era of art, where if you are an artist, will be a faster way to connect to your patrons.
However, just like any other industry, this is also penetrated by scammers, and you can only prevent from being screwed by doing your own homework.

"Damnant quod non intelligunt". Unfortunately, when we don't really understand something, we can condemn it. There were many points that I saw as missing before. Then I realized that I am criticizing a baby trying to crawl. One of the points which we need to break our prejudices is NFTs. The future will show us its true potential. Now is the time to sit and watch :)

Its not even a new thing, the negativity comes from promoting nft's as get quick rich scheme, just check twitter its being spammed everywhere its got to a point that it annoys normies with high principles in life.

You will always see good and hate comments about NFT even bitcoin is still getting hate comments although it has become major crypto. Negativity for NFT was just a common thing. So many people didn't like it and that means NFT will be blamed but you must also see good comments about that as well. Even china wants to legalize NFT and that being said that if NFT can be accepted by anyone.
I think that you just ignore any negative comments about NFT. You will never be able to prevent them to make the negative comments about that. Just take those being negative as a constructive way to be better.
Even when they are creating bunch of comments and then they will give no impact to the NFT

And that is one of the problems, supposedly NFTs were going to help artists that used digital media to be able to sell their original work in the same way someone can sell a physical picture or painting, however this idea soon got distorted by scammers and now it is nothing more but another get rich scheme and another fad, and since we have seen this many times in the market we know how it ends, with just a few people making a fortune and the rest lose their money while they hold digital assets that are worth nothing.

everyone has a different point of view about the work of art itself, but indeed sometimes it doesn't make sense in thinking but we can respect each person's decision,
but we don't deny that there are a lot of scams in NFT too, so this factor is the beginning of the negative side of what NFT is, not from the art it laughs at.