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Newbies, NFTs should be the first thing you fear the most in crypto space, look at bitcoin, its usefulness and scarcity makes it valuable, Look at real Gold it's very rare to see and this makes it valuable, imagine if everyone on this earth has Gold in their backyard will Gold retain its value? It will be plagued with devaluation right? This is exactly what NFTs are today, everyone can create theirs.

NFTs existence will continue to increase but people will wake up one day to know that NFTs are scam, people will only create NTFs, sell it, some will increase in price while some will not. Altcoins has done so much and they are making scam more possible, see Do Kwon pump and dump UST and Luna, see DeFi scam, see DAO hacks, another are NFTs, the most scam about NFTs will be not in short period of time, it can be long period of time, NFTs that are created today, worth certain amount of dollars but they may fade in price over time and become worthless or less worthless in the future.

It is very like the ICO mania days, where projects where springing up everywhere, due to the fact that Bitcoin was pumping. And ~95% of them had no unique utility and no value today.

This is what happens with erery trend; DeFi and now NFTs; they are getting so much hype and this attracts devs looking for quick cash, and creating lots of rug pulls.
I would say there are some real utility for NFTs, but it's greatly overshadowed by the bulk of scam and money grabbing projects.

You are all right, it seems that NFT is almost no different now from the ICOs then, they are just dressed and flavored but still do not stray far from the concept that those who make and sell only at first make a profit but eventually the ones will lose money again are the investors ultimately.  Because almost all of those are just collections and have no benefit.  Sometimes the names of celebrities are even used to attract investors.

Problem with nfts are those which arent needed are sprouting and keep swarming the crypto space. There are some worth watchin and investing but not all are good and some just created for hype and follows the trend for some quick scam cash.

We cant let those to continue but since this is a decentralized space, I guess whats trending will always be the talk of the town. People soon realize this that some arent bound to put up some hard earned money.

NFT doesn’t meant for big time investment because it’s main purpose is for collection since there’s no ready liquidity for you to cash it out whenever you want to take profit. They are not scam because you are getting the NFT that you purchased while most of the artist  didn’t promised any returns for there buyer. I believe most scam happening on NFT project are those rug pull projects that turns the token value in to but not the NTF itself so definitely NFT is not the scam but rather the token associated with it.

I wouldn't say that almost all of them are a scam intentionally. Some are, but many are created and promoted in the hope that the value will go up a lot. Now, how many will be valuable in 5 or 10 years? Very few of the ones we see now. With NFTs a bubble was formed that has also started to burst some time ago and that will wipe out the vast majority of them.

For me, I have noticed that making it in the NFT space, you just have to be a very good digital artist and someone with goodluck, because it's actually not easy there, as we have got tons of crowd diving into that field, but only a few makes the success story come true. This days I see lots of same NFTs been giving for free on coinmarketcap just for login in daily, and I ask myself what value will this be, because there was no value added by the creator and they all looks the same

This topic is just nonsense. The op simple doesn't understand what nft really are.

NFT are a legit use of the blockchain technology. And it is useful for the people who wants to buy it or people that want to develop software with that.

For example, cryptokitties was probably the first NFT game , and it was a success.

I think it is idiot to breed cats and sell them. But there are people who pay for that.

There are also other games like Axie Inifity, and maybe in a few years we will have NFT in bitocin network (who knows?)

Social networks are already implementing nft  to their platforms, so there nothing about "scam" in this technology

It is true that anyone can make their own NFTs, but that is not the point. Like everything else, some NFTs serve a purpose, some do not. Some are art, some are not. Some may be valuable to collectors, but others will not.
I don't think it's good to generalize things like that. Take the Internet and the World Wide Web for example, anyone today can create their own website, but that does not mean all websites are useless and worthless. And to expand on this analogy, back in the 90s, no one could have predicted the rapid development of the Internet over the next 20 or 30 years.

I totally agree with you mate, I currently own several NFTs, from crypto kitties, to Dego finance NFTs, to Money Tree, to several others I either bought or won, all this NFTs are there in my wallet with absolutely no means of selling any of them, one i managed to put up for sale has been there for over three months without a single buyer.
I will advice every newbie to stay far away from NFTs, NFTs are only useful for keeping and preserving important documents in the form of a digital signature, it is never meant to be sold for money.

NFT scam or not, but full of shit. I never involved myself with NFT it's useless to me from the beginning. So I wasn't interested in it. Though I heard many people made handsome money from NFT, still I am not interested. I am just wondering how still this NFT exists. It's like a gamble nowadays. Who knows if I failed to sell my NFT after buying it. Then total waste of money and seems like a pure scam lol. Not gonna gamble with NFT.

You just told slide bitter truth. NFT projects with fancy pictures are valueness without any utility or mechanism and now most of the NFT projects are running in the same process, without any utility.
The arts NFTs are also valueless in long term. Why we should buy any art, it must have uniqueness and designs. Without these things, any arts are the only pieces of shit.

Well that’s not completely true, I believe that so many NFT are not just scam but are handled by very weak team that lacks all the needed experience but still not all NFTs are like this, it is a known fact that NFTs has made so much for many especially the early adopters but right now we see so many projects creating their own NFT market place, so we have more options of NFT but few of those NFT project has really potential and not easy to find them out.

I understand your concerns OP, most persons rushing towards owning NFT's are doing so mostly because they know how most persons where in regret missing out on bitcoin then when it first started, so reason being that NFT's are new, they are flocking in mass to own any piece of NFT they can get their hands on. In this desperation, many have bought many valueless NFT's and in holding now seeing that it as a waste are calling it scams. Almost all, but not all are scams. People will profit from NFT's, people will still profit from crypto...but as a newbie, best advice is to invest and give more attention to crypto than NFT's.

  Also especially when you know your research skills are poor. 

Just like Upgrade00 replied, it is like just one of those days. I even recall people going crazy over IEOs as well.
Not all NFTs were scam, but due to how trendy it is, it is most likely to go to that conclusion before the hype dies out. Not sure when, but surely it is now slowly dying as I do not hear it a lot in social media unlike in the earlier days.

A lot of NFTs in both ETH and Solana markets are already worth hundreds of thousands of dollars, and these NFTs work perfectly fine for what they were created for but for many people they don't have a clear idea what are these NFTs really used for. NFT for me is a good idea, everyone could be selling some crappy token for USD but the NFTs are actually a good idea. An NFT can be digital art, collectibles, any kind of unique digital item, in fact the possibilities of NFTs may seem endless and the market for NFTs is only getting bigger. However, the vast majority of these tokens don’t have any use at all, other than you are selling them to try and make a quick profit from. It's all about the hype, speculation and a tiny little percentage of what NFT really are, but I don't believe that almost all NFTs are scam.

Not only NFTs are scam, they are also just garbage. People create them simply because they can and because someone might buy them. NFTs are not created to make the world better, to solve some problems with digital rights, to help artists - NFT is not a solution to anything, it's just another innovation for the sake of innovation and lining up the pockets of "innovators".

NFTs (or tokens in genera) aren't bad because anybody can make their own, they are bad simply because they are useless. There is a similar case with all the bitcoin copies and they don't offer any real utilities. Tokens are similar in the sense that they are only used to raise funds so that makes them pointless since you can raise funds using other means instead of creating a token.

As of now, I have seen no practical use for the NFT or real utility it offers, except for the hype surrounding it, which is all it has. Unfortunately, that's what newbies are looking for, they want to invest in something that can make them rich quick.
The bear market will be a test of whether the NFT is really worth investing in or if it's just the market's next dying trend.

Start with bitcoin if you are newbies, if you have no experience and don't have a lot of knowledge. Bitcoin can help you both make profit and avoid scams in the market.

Maybe you are right but there are use cases that worth looking out for nfts. I think the mover app with nft related is a nice application though. Its just that the first one who did that gmt didnt manage it well, or lets just say Im early to judge them on that issue on their legal stuff. But aside from that, those nft usage Ive saw, usually works as a perks or appreciation thing. Maybe company can use that to generate a way to give benefits to their people which can be converted inyo goods or cash money.

NFT is not a scam, but a very difficult market for beginners. Good site for analditics
https://www.cryptoslam.io/
The NFT will work great with the metaverses, but you need to understand what projects will remain on the market and will play an important role in the future. But it is better to invest in NFT and metaverse project tokens, because it is less risky.

Whatever their original purpose, it is clear that NFTs are not about supporting art or artists. Exorbitant fees are charged by NFT minting sites, which frequently outweigh the returns on sale. There is no governing body to enforce resale commissions when an NFT changes hands. NFTs, on the other hand, are a stale pump and dump scheme cloaked in high-tech clothing.

How is it a scam? NFT is just .jpg tied with blockchain. It is what it is.
The problem is bad people use it for wash trading, trading back and forth to pump the price.
NFT is just a highly overpriced .jpg but definitely not a scam except someone markets it as a get rich quick scheme.
That said, I'd still put some price on NFT art, probably most of them less than $1, the same price when you buy other .jpg on Shutterstock.

That's a flawed analogy. Gold's market value will definitely drop if the supply, alone, increases. NFTs aren't units of an asset, that's why they're called non-fungible. There's no supply of a chimp-monkey-9999. Each token is unique and can't be copied. (Although it can be copied across blockchains)

NFTs (the "artists" marketplace) aren't useless because of that. There is just no right transferred, officially. Copyright is far more complex than just verifying an image's hash, and that's the only thing you publicly state you gain.

Formerly, I thought that NFT was just a temporary trend and would soon fade away but after spending time learning more, NFT is not really a scam but to apply and it really creates real benefits for users takes a lot of time. Large companies and corporations are also excited to participate in the two fields of NFT and Metaverses, so I think it has a big chance in the coming bull season if it can survive this bear season.

Recently, the company Meta announced that they will integrate NFT into the Facebook application.
https://i.imgur.com/hYH10bu.jpg

If the metaverse and nft season continue and with the recent news of facebook meta integration. Its only a matter of time before other popular companies and huge corporation make their own system with the nft. For sure this will heavily criticize by some nft haters. But so be it. Its only a matter of choice anyway, when btc is becoming a trend some defend its potential. Now for those who are also into nft, they will defend the use case of this as well.

For those who are haters. Im pretty sure majority of them never use it but only hear the negative of it. Then talk a lot about it here about all the bad things on nft. Even though they arent touching or experiencing it.

I think of it as a cycle, like what we have first as ICOs, then here goes the IDOs and I think I've missed the other one and then the NFTs.

It's classified to many things like mostly the artworks and then the NFT games that are play to earn. The sad truth is what OP said that many of them are scams and the majority of it is no longer that interesting.

Unlike before, they're all interesting until the bear market hits. I guess there is this significance whenever the bear market comes.

To be honest, I had the same thoughts. It was barely being mentioned here back then. I can still remember what I said before that this would just be seemingly be like another trend for a while like ICOs and IEOs then it really did.

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I have not heard of that news about that NFT integration with Facebook though.

All the things you have said are true and realistic, and not just NFT, these metaverses projects as well. It was just too hard to think that despite the awareness we spread, and the scam issues we heard about from these projects many people still become a victim. I won't just mention newbies but also some old-timers got to fall into them. I may say that many aren't yet had to learn and scammers will stay alive.

I think we have to consider these things
 * liquidity
 * Development of the project
 * people behind

Unfortunately when something get hot and a lot of crypto becomes involved, it also presents itself as an opportunity to scammers and NFTs are no exceptions.  Same can be said for the following when they got really hot and you saw the space get rife with scams- masternodes, defi, nfts, metaverse, etc.

Not only has Facebook announced the integration of NFT into their app, but you can also find recent binance information, they have teamed up with football legend CR7 and announced the upcoming release of a special NFT collection for football fans, which is expected to launch later this year. If you dig into NFT, you'll find that unlike the previous ICO trend, it's actually very exciting and potential, I was hooked when I researched them.
https://www.indiatimes.com/worth/investment/brands-that-have-entered-nft-world-560907.html
https://cryptonews.com/news/big-tech-joins-hands-to-foster-the-creation-of-metaverse-standards.htm

Personally, I don't think I have ever minted any NFTs. I am really not a big fan of it. That is because I see a lot of scam around it. You mint an NFT for instance, list it and yet, you don't get a buyer. Meanwhile you have spent money minting it.

This is not to discredit NFTs, but, when I start seeing the usefui, maybe I can start investing in it. For now, I avoid it.

You can find NFTs everywhere now even popular athletes and actors are creating their own NFT, yeah I believe its not scam as others said but not worth to invest its really easy to create NFTs especially if you are popular and market it , some NFts minted are totally nonsense but sold very high price in value, I dont know why they are buying it or another manipulation by whales making hypes to have huge profits.   

That is not the proper truth because using NFT we can decent amount of money remember that here i am considering the free NFT we can obtain airdrops because as much i know i am new on the forum but still i have experience a decent time with NFTs.
NFTs are beneficial for the fans and artist but trader should avoided.

There are some NFTs that belong to official football teams, for example, that have some value not just out of thin air, but backed by the fans, like it has always been with usual "cards".

In the latest Fifa videogame there are packs of cards you can buy in order to play with the players from these cards. NFTs for that purpose soon?

Anyway, a few NFTs, in general, may be worthy in the mid-long term, but as most of you stated, most of them will fail.

the real problem is that anyone can create NFTs without any limits.
It is as if they invented paper and writing and all of them were artists.

Does it make sense to buy NFTs of complete "strangers" hoping for a continuous price reassessment? Obviously it is something impossible to happen and many NFTs will worth little or nothing.

Now there is a hype (like ICO in 2017) where even people who don't understand anything about this industry have heard of NFT. Personally I avoid them like the plague :)

I have bought some crypto kittens in the past, and received some NFT as a gift, but I consider them no more and not even without any real market value.
Maybe some of these will have a value in the future (like memorabilia) but it's something that will happens in 50-100 years ;)

I will be completely honest- I never really understood on how NFTs were. I read countless of articles and watched YouTube videos explaining the basics of it but I just never fully grasped and understood its relevance.

One thing that they explained is that, it is like Mona Lisa- but you acquire something that has a digital marker which is unique and permanent. I mean, let us say you already have such piece, then what do you do with it? Unlike paintings where you can store them, a person can just screenshot from his own pc the picture or replicate it using some photoshop editing skills.

Like most have mentioned, NFTs will continue to exist as long as people pay money for it. Consider it as an extremely risky investment that may either make or break your resources.

That's  makes me uninterested. I think NFT is just a temporary HYPE. I've heard Sina Estavi bought NFT for 2.9 million dollars and he wants to sell on opensea only the most expensive offer is around 300 dollars. NFT is quite difficult, the value is different from each person's perspective. Therefore I am not interested, because it would be difficult to sell it again. In my country many artists started to make NFT, but until now it is not sustainable.

Right now we should not see NFT as we see buying a coin in Crypto-currency, NFT is more of Artistry that meets with technology, we see photographers now making so much from NFT, it’s like a market place to sell your Art work that has been minted to someone who values and actually like it, but in terms of buying a particular projects NFT and holding for it to rise I think this may not be the case as not many might be interested in holding such NFTs.

Hey, thanks for sharing these articles. Knowing that I really know those top 10 brands mentioned in the article except for Ray-Ban, no doubt that NFTs are being more than the craze over ICOs back then.
These tech giants are really riding the NFT hypes right now. Back then, I almost never heard any brands adopting any forms of crypto.

Sometimes that's the trend, especially as time goes by, its value decreases until it disappears because not many people are interested in it.  What most people want is for them to have an immediate income.  I also don’t see the use of NFT so I also wouldn’t want to put it together.  Transferring or listing such assets in the marketplace is expensive so I don't pay attention to it now.

It's just crypto thing, this space itself is filled with 99% useless tokens/coins.

There are many types of NFTs like video game nft, pfp, collectibles like nba topshot, etc. Not all of those are scam, I think you're just referring to the NFT that is very popular these days which is avatar or PFPs. I Think the hype started with the BAYC or boredape yacht club last year. The initial minting price for that nft was only 0.08 eth and it reached 50 eth last year. After that there are many PFPs being created and introduced on social media that are scam. Their PFPs have only good artwork but no utility or even a roadmap. They just hype it to attract many investors.

According to my prediction, NFT and metaverse will be the next explosive trend when the bull season comes, everything is going very well.

The crypto market changes and progresses very rapidly. In 2017, the ICO trend dominated the market and was followed by ponzi schemes, then they quickly retreated and collapsed. In the present day, cryptocurrencies have layer 1, layer 2 blockchain solutions and hundreds of ideas are being researched and implemented. Additionally, many companies are starting to accept cryptocurrency payments and are starting to see cryptocurrencies more openly. I predict large corporations will not stay out of this technology race, they will soon issue their own tokens.

It seems like shit projects that are created everyday wuth thier own token or coin. Mostly only follow the hype. That is also NFT that proba ly only folow the success of some NFT creators and inceators. Some may be exactly precious and valuable, I can really consider it. But so far, there are also many shit NFTs that are worthless, have no identic concepts, and also with its strange buy and sel.

The more it goes down and it's gone, no one will want to buy it anymore.
It's a real risk, for those who buy NFT at unreasonable prices. No development whatsoever. NFTs like Bored Ape Yacht Club may still be able to survive, because there are good developments, not just pictures, Ape also makes its own tokens.

But even so I'm not interested in getting into NFT. It's better to buy bitcoin for the long term, it's safer and promises more profit.

almost all yes i do agree with that because spammer and scam token that join play to earn and metaverse want to taste the huge pile of money now walk to earn using nft too as media.

but the real nft with real ART it still there so I think nft will also drive cryptocurrency in the future

As they are welcome to do so as they did with ICO.
NFT's got an interesting view at the start but in the long run, it was a trap, people are losing, and not just like that as it ruins the image of the crypto market.

As being aware of these things, therefore, we have stayed away from them. Ignore their sweet promises as they won't give us back what they say -- it is all about marketing strategies to fool greedy people.