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Similar to what I have been saying for a few months, I speculate that as more and more regulations come to control Defi and the cryptospace industry, the next unregulated part of this will be the NFTspace. And naturally, this is where all liquidity will enter next and this is also where the lowest hanging fruits will be for profits.

However, the problem is which NFT projects should we speculate on to make us some profit hehe. Share your favorite NFTs, both speculated to pump and what you hold.

Also for fairness and to make this thread neutral, I will not share my favorite NFTs in this first post. I will share them after you have shared yours. Thank you.

No one is going to regulate DEFI. At least in comming 5-10 years. So far they are trying to regulate centralized exchange which seams no to work good (FTX scam). So in next few years they will close some fiat/crypto getaways, they will regulate the rest of them. Made in/out of crypto 100% KYC. After its done they can try to regulate DEFI but how?
The only way to regulate defi on ETH is to buy 51% of tokens or convince hodlers of 51% of tokens to do something. And thats only ETH defi. BNB,TRX,AVX,DOT, MATIC defi is intact. So no one will migrate to NFT. Big money will not move to buy pictures for millions. Big money will buy BTC and ETH as the most liquid and safe assets. Regulations will help that. Big money don't buy illiquid assets. NFT is super illiquid.

I think it's going to be the next one to be regulated? I read news before that NFT are the new honeypot for criminals to launder their money by buying those expensive art?

Not sure if this is true though, but it makes sense, sense other "loopholes" in crypto has been closed already by regulators, so the criminals will have to find another way to sort of mix and hide their illegal money.

So just matter of time before regulators comes with their heavy hammer and go to NFT space and crack it down.

Its a perfect place to launder money.

1- you have stolen/dirty founds on your ETH wallet
2- you create new, empty ETH wallet, not connected to first one and create shitty art with monkey
3- you put shitty art with monkey on sale for 1 mln$
4- you use dirty/stolen founds to buy art
5- you end up with 1 mln $ clean founds from selling art on 1 eth adress and shitty art with monkey on "dirty wallet'.

Fun fact is that this shitty art with monkey has trade history of being sold for 1 mln $. So its possible that you will find newbie who will buy it for 10k$ (because its down 99%).

I'm sure that 90% of big NFT trades, that everyone is excited about was just an example of scam explained above.

Once the regulations are in place, that means they will regulate the entire crypto industry, not just centralized projects. Defi or any decentralized project today created and managed by individuals, organizations, or companies, regulation has never been difficult for the government.
In case the government can't regulate it, they can try to destroy it. Do you remember what happened to tornado cash? With one ban or arrest of the founder, everything will be instantly ruined. Don't look down on the government, they are more than capable of doing it.

Defi created and managed by single person/company is not a DEFI. Its centralized project with token to monetize it and fancy word to pump it. True and decentralized project won't be stopped nor destroyed by regulations. Its use case can be limited but not the way it works because there is no single identity that can be sanctioned for not obeying rules.

true that. hard to sell the NFT unless its attractively famous done by the popular artist as well. it just negate the purpose of laundering which is to liquidate to cash out clean. the launderer wouldn't really consider selling the $1M worth of NFT and sell it to $10k to which you already said an newbie will not spend a dime.

Donald Trump NFTs are sold out though. but that is what i mean by popular entity releasing his own. Trumps NFT is not really impressive but its sold out or maybe he is also the one laundering 99$ worth each.

I disagree. I reckon the next set of regulations will concentrate more on stopping moneylaundering in the cryptospace, on controlling liquidity that enters and exits stablecoins and a stricter stance given on Defi tokens as securitized assets.


It might be and I have created threads having this argument in the forum, with many arguments accusing me of being always the antagonizer again hehehe.

However, my argument against NFTs as the next to be strictly regulated is the government will concentrate on Defi first and this will not be an overnight development. It will be a process that might take more than 3 years, I reckon.

In any case, only one of you replied with a suggestion and this suggestion is a Trump NFT hehe. It is too early to speculate on Trump NFTs but start observing them near the Republican primaries on 2024. Trump will certainly declare his intention to run as president and it appears that he has strong support.

My suggestion would be DR/VRS NFT.

https://weownthenight.io/home

I like the artwork, their roadmap and their team appears to be good on paper. They are also cheap and the price is going lower. This might be a good longterm investment.

NFTs made quite big fortune and also they have had big hype in coming years and some people made big fortune too. But when I heard that there was NFT storm than I ignored it and I just not bought a single NFT, cause I know if someone will not buy my NFT than it will be useless. Cause they are not like a crypto where we can sell at market price even though these crypto price is too low.
Recently big celebrities like Justin Bieber are sued because they Promoted ape nft that was the biggest scam and now no one wants to buy it.
I also think that nft should he Regulated and there should be a single way to do so. So I will say that in future we might see some regulations than it will be good for small traders too.

AND he is getting 10% creator's fee from every trade (well most likely it's him even though he didn't "create" them. That's one of the reasons i won't be joining in this game, i couldn't sleep well if i knew i've given that snake oil sales man any money. And it's not like he would be washing money just by selling to collection. That's under $5 mil. Imagine him buying from himself and rising the prices. He could be washing so much more, and as he is not giving profits to charity, he probably is.

Besides bitcoin, I don't see any viable project as you say and moreover, the government is strong enough to do whatever it takes to stop even decentralized exchanges without single identity. If they don't manage it, then they will destroy it, that's what the government will do.

We still live in a world where the government has the highest power and our world is still centralized, so I don't think anything will set us free. Bitcoin is a great invention, it has given us more rights to our property, but that doesn't mean decentralization is sacrosanct for them.

How to stop true decentralized exchange that is nothing more than an open source code? Smart contrant that people use to transfer founds from anonymous walet xx to anonymous wallet yy. What will they do? Ask every single person who copied code to delete it?

"The Streisand Effect Proves When You Try to Hide Something on the Web, Everyone Sees It"

Beyonce paid milions to remove this picture from internet:
https://i.imgur.com/3e2DRQw.png
its still here.

government can take down centralized indentity only and only in its jurisdiction.

And they dont care if you swap one worthless shitcoin to another one. They care about fiat/crypto getaways.

It was the NFT creators who made big money and not the NFT itself. NFT is only a general term, same with the ICO, De-Fi and others and just like them, the NFT's are also made up mostly with hypes and scams. There are successful investors/traders who made a fortune with NFT but I think their numbers are only small. This is because they are much harder to sell or flip, not unlike to a typical crypto (as you said).

Didn't knew that JB was sued because of an NFT but why I did not heard it in the news? Do you have a source about it? Justin is a busy and rich person so I don't think he will risk is his reputation on these shady NFT's. Maybe it's only a FUD made by the NFT/APE-NFT haters.

Answering in behalf of that dude above.
https://www.billboard.com/pro/justin-bieber-weeknd-bored-ape-lawsuit-nft-scheme/

Justin Bieber and The Weeknd Sued Over Alleged Bored Ape NFT Scheme: ‘Drastically Inflated Prices


Just as expected when the time which hypes settles down then expect that this would really happen.
If you are recommending something and ending up lots of people had purchased and ends up on for those value
to go to the floor then it would really be just be blamed on you.  ;D

As expected the trump nft just corrected itself https://www.coingecko.com/en/nft/trump-digital-trading-cards

Right now I don't have interest in any NFTs, because I don't see potential on the available ones for the future.

Before I went for Axies and Lost Relic's NFTs, as I was willing to try the games. However, the lack of updates and news made me lose the will for playing. Anyway, I don't regret having purchased those NFTs, as they proportionated me entertainment, and in the case of Axies some profit as well, while I was playing.

Now I expect NFTs may revive once more in the next bull run, with new projects related to the gaming industry. That is the condition I can think right now which could lead me to invest on this crypto category again.

NFT as a general is not something that will go up if you ask me. It was a big hype but that's it, as soon as hype died, the whole NFT space died and will not recover. The idea wasn't liked all that much anyway, it was used to make more profits and people bought and sold to make a profit but not because they enjoyed it or liked it or found it logical, they did it purely for money.

Now that there is no money in there, and no hype, how could they profit from it? And if they don't, then why would we want to see it do a lot better? This is why NFT will never recover and grow, not with regulations, and not without it, it is just going to stay as low as it is now.

This is something you can't say for sure. NFT hype crashed with the rest of the market and it would be weird to assume it wouldn't crash with it. And since there's only one real market cycle so far for nfts, we are in uncharted waters. I am thinking that some of the nft projects will come back bigger then ever. Some will obviously die like most of the altcoins. NFTs still have way more activity and volume then 2019 when i started buying them

https://www.theblock.co/data/nft-non-fungible-tokens/nft-overview

Could you give a full definition of NFTs?
Naturally i,m not a fan of NFTs and i don't find any meaning to it and how would funds flow into it while it just a common artwork, not just common but can't use them physically as a decoration to our houses and buildings and if at all we have to use it we would likely to print it out. Is this possible to happen?

I think you are missing the point, forget the art for a moment.
Aside the fact it's more then abut jpgs, explaining NFTs makes me feel nostalgic because it's like explaining altcoins to my friends in year 2014. Basically same phrases over and over just because it's a new concept.

"Why would it be worth anything", "Value isn't based on anything", "It's a ridiculous scam", "Probably money laundering", "Why wouldn't i buy stocks instead?", "I'll keep using cash money".

And after a while "If i only had invested back then i would be millionaire". Thing is, these people never invest in the bottom because in the bottom everything is scam for them.

honestly NFT should find more utility and better ones at that not some random art nft which are being misused for value manipulation that will just gonna make it wait for its collapses, but instead a good utility with real world use case otherwise it's not gonna become trend anymore.

NFT regulation, if this happens, another niche will be defeated. Although if there are manipulations through NFT, then there is probably a lot of money there, which means that the system will not pass by and will definitely make its hand. As for the NFTs that I hold, there are not many, one of them is the NFT from the Trust wallet, as well as the NFT from the DeFi platform Exon. There are several other NFTs, but they are no longer worth anything, which means there is no point in talking about them.

That is quite true. NFT has this amazing potential to be huge but it is not using it and that causes it to be so low. I believe that if people can find the true purpose of it, then it should be a lot more possible for it to grow and that would be helpful but it can't be just "I own this image", that is not good enough at all and won't work.

I believe something much bigger should be done and the best way to do it would be experiments. New project should use the NFT coding and do something more, images, movies, real estate, music, and more and more. If we keep trying hard for more things then there is a chance that one of them will hit big eventually.

That's not looking likely to happen at all. I am not saying that it would be impossible, but it would be quite difficult for people to turn NFT into anything other than images in large scale.

We should remember that we were talking about images worth millions of dollars at some point, and yes it's not like that right now, a it went down, but most were 100k+ at the very top, so if we are talking possibility of something else becoming that big? I really do not see it. I am not saying NFT idea won't be used for other things, it will be used but that doesn't mean that it would not be as big as the ones we had so far, it will b far smaller scale stuff for sure.

Some NFT already have their own utility, like using on a gambling platform which you can enjoy some bonuses if you have NFT. The only problem here is the manipulation of NFT art, they are over valued and many are already trap because they bought at the peak price and since the beat market they are losing a lot of money by just buying those nft without utility. These projects should really do something to make investors see its real value, utility is very important and not just a hype.

don't worry about NFT, NFT still has a lot of potential to continue its bullish trend in the next cycle,
especially for NFT from play to earn or the metaverse I'm sure this NFT will be very useful and have more value in the future,
we know how NFT is created and hype occurs , and maybe it will happen again in the future, if you still have NFT then keep it,
don't regret it because your regrets are not yours alone.

Play to earn NFT is dead already, the hype is not there anymore and most of them are not play to earn anymore, its more on invest to earn now. Though of course NFT can still offer a lot of services and probably they will continue to innovate and yes I’m also hoping that they can regain their good position in the next bull run, if there’s another good project NFT might be the trend again.

Play to earn is a big promise for NFT industry to finally have an utility on long term without getting saturated. We just need an enjoyable, addicting and fair multiplayer game, that so far hasn't been presented to the public. But I have big expectations that once this happens we will be able to profit from NFTs by playing online. Unfortunatelly I think it will still take some years to happen, because the gaming industry doesn't seem interested in making a quality product related to this niche right now, including the small studios which could be totally focused on this concept for aiming their own growth as company.

That just might come outside from crypto world. After NFT art marketplace comes familiar enough for people some huge AAA+ game could see the potential to tokenize every item on their game. Or rare guns for starters. Right now NFT doesn't help the game companies and they are better of keeping it all in centralized database.

i am guessing that there cold be some legal or AML issues they could face when money is involved. And how it would just create more work and problems for them. I totally understand their lack of interest towards this.

I believe that there will be NFT games that will be made that will catch the usual gamers and sooner or later the companies will adopt into it and transition in being an NFT game. Big companies today such as Riot are earning so much in their games by having non transferable in game items/skins that is widely accepted by the community standards. But yeah I believe that there will be a time that the community standard will transition on having a NFT or transferable item for more player freedom. On the last bull market, NFT games and it's possibilities are introduced but the implementation is just so really bad that gamers avoid NFT games. The popularization need just 1 big break, We only need a single NFT game to conquer the likes of gamers and be popularized all over the world. There's a chance that next game developers will think NFT games is profitable and might have the chance for them to focus in building NFT games.

This is the problem with adoption. They are already making ton of money with their current system. Why would they risk implementing web3 now? I don't understand why would it be in their interest to offer full self-custody for the game items. Right now nft is a hard concept for normies with a tainted pr. And it's extra layer of making things harder just to satisfy small percent users, while making some of the nft haters to boycott their brand.

Good news for NFT speculators and collectors. However, the article also mentions that the marketplace does not support buying and selling of NFTs yet but this might be a signal that China will begin reversing their policies on digital assets beginning with NFTs.



After years of hostility towards the digital asset sector, China appears to be taking steps toward embrace nonfungible tokens.

The website for the China Digital Trading Platform (CDEX), a Chinese state-sanctioned secondary trading platform for NFTs and other digital assets, launched on Jan. 1.

Source https://thedefiant.io/china-launches-nft-platform



Also, if you are holding an NFT project with founders that has rugpulled, this might also be good news hehehe. I speculate we might see those founders suddenly appear again with new updates and tell their holders that they never rugpulled or never left the project hehehehehee.



A criminal complaint was unsealed today in federal court in Brooklyn charging Aurelien Michel, a French national residing in the United Arab Emirates (UAE), with defrauding purchasers of “Mutant Ape Planet” NFTs, a type of digital asset, of more than $2.9 million in cryptocurrency.  The defendant was arrested last night at John F. Kennedy International Airport.  His initial appearance is scheduled for this afternoon before United States Magistrate Judge James R. Cho.

As part of the scheme, NFTs were marketed to purchasers, who were falsely promised numerous rewards and benefits designed to increase demand for, and the value of, their newly acquired NFTs.  After selling out of the NFTs, the purchasers were “rug pulled” – a cryptocurrency scam in which a developer attracts investors, but pulls out before the project is complete, leaving buyers with a worthless asset – as none of the promised benefits were provided.  Instead, millions worth of the NFT purchasers’ cryptocurrency was diverted for Michel’s personal benefit.

Source https://www.justice.gov/usao-edny/pr/non-fungible-token-nft-developer-charged-multi-million-dollar-international-fraud

Ah.. so the website isn't finished yet? But it was only a teaser to let their people know that something new is coming on the scene but I wonder why they will start with NFT's? When it's known that there are lots of scams happening around it.

This is something unexpected for a strict country like China but If these go well then maybe they will also re-allow cryptocurrencies in their country. This can attract NFT devs to create more NFT's including those who commit rug pulls before but I think they will start fresh. There is no way they will revive the old project as its going to be a loss for them and it will only be a gain for those old investors.

@savetheFORUM. I am quite certain rugpulls and other pump and dump scams will always be in the NFTspace. However, I speculate that the reason why China is allowing NFTs back in their jurisdicstion might be because it can be used as platform for art and culture. It can also be used for communist propaganda which is very much possible they can do.

In any case, this might be another good project to hold as a longterm investment.

https://www.tokyorebels.io/

The supply is high with 10,000, however, the artwork is good quality, the team is active in developing the project and their community is also very active in social media. The floor price might have also reached the bottom already.

One of the most common collections with a large number of users and non-per-hour activity and a large volume of transactions is Azuki (https://nftmetria.com/nft-collections/azuki/).
Asian users are very fond of the NFT industry. And perhaps in the next bull cycle we will see the growth of this particular NFT collection.

@NFTmetria. Azukis are unaffordable for much of the people in the NFTspace already. If someone with not much money speculates that Azukis are going to be pumped but he cannot afford it, try to buy the cheaper derivatives of the Azukis and sell them later for profit. The cheap derivative always moves together with the bluechip in price. You also might make enough coins to buy the real Azuki hehehe.

maybe you're not the only one who isn't a fan and connoisseur of NFT, I'm also the same as you, this is indeed quite confusing with this NFT phenomenon, because in plain view it is intangible, cannot be held, nor can it be touched, but its form can be displayed and is valuable and can be traded.
all of this is due to technological developments and some are trying to make it realistic and acceptable and there are buyers who do have extra money that is no longer being used to make speculations hoping that this possibility will become a renewable phenomenon and be able to make money.
but will this last? of course it will be returned to those who have money as investors, because now many people who are rich and have more money want to find new sensations, including towards NFTs.
Of course, your question will be seen in the future if NFT will indeed be able to continue, because all possibilities can happen.

I disagree with all of your arguments. I know that NFTs are intangible, however, the real value that these NFTs have is cultural value. It is what will bring more adoption to the cryptospace and drive it more towards the people outside of the cryptospace.

It is very much similar to the argument that I created in this thread.

https://bitcointalk.org/index.php?topic=5401045.msg60296103#msg60296103

The value that Pokemon cards and items brought to those children are not because they were tangible and can be held. It because of cultural value, brand value and attention value. People like collecting them.

NFT came in with a very big hype and high wave. Although the hype has reduced drastically but that doesn't mean that there is no more potential in the NFT market.
There is still potential but we all have known the potential and the real value of NFT instead of relying on newer hype that sold the ideology to us.
But the crypto industry is ever growing, so we should expect more and more inventions that would hi the market. Both good and scam.

It's not easy to legalize Defi as we think. Cex can be legalize through proper way but defi is the name of decentralization. If defi can be legalize then I think same step can be taken towards NFT.
NFT spaces is becoming higher day by day but real Usecase is much lower then expected. Every big names just buying own NFTs from second wallet which has no value and Usecase. Duplicate NFT can be Created very easily and very hard to guess real one. If  any proper rules created for NFT then I think NFT market can surpass Defi

The hype make NFT big and well known, NFT should have a real utility for it to have a future. Having a second wave of hype isn't that much sustainable given that there will be a surge of people flocking into it and at the same time a surge of people rushing out giving the NFT projects being unsustainable. NFT projects needs to have a real utility that can be used no matter what kind of market situation we are in. NFT Games are one of the concepts that I believe can live on any market situation, It's just the ecosystem of NFT games today aren't that much sustainable but I believe that NFT games has a future in it.

When you say nft will need to have a real time utility I begin to imagine how possible that would be. NFT is all about digital art and everything about it remains in the blockchain and does that translate to real life.  So, the sustainability of NFT is just a matter of interest and hype.
Personally I find no realtor utility in nft and sooner or later people will begin to lose interest in it especially now that scammers are flooding the market

^  Call it whatever..  Interest, hype, fad, trend...  But at the end of the day, I think doge themed NFT's will find its way under the sun and get noticed.  Esp when there's a DOGE holder billionaire we know who'll start borking about anything DOGE in a bull market.

And the bottom line is there are just two timeless cartoon memes in the internet and that's the doge and the pepe.  So those two are more likely to be more valued around by a community of collectors.  But my bet is on Doge Club.  Check it out...

https://opensea.io/collection/dogeclub-dogc

There's another doge NFT with a great community called Doge Pound but I think Doge Club looks better.

but accept the fact that they will not long last afterwards especially when they rocketed because you know there's a lot of greedy meme lovers in the market. Lol
 Actually Op it's not new and its not surprising anymore when it comes a project with doge  on its name because they're really flying to the top especially once big investors take over.. So i just want to say that be careful and be wise to prevent risky situation because as far as i know most of them still very unpredictable,, wherein if they will continue to make progress or not. Just saying.  ;)

^  I guess it depends on the NFT.  If it has a huge and loyal following it could hold values of 50 ETH or more.  I mean look at the most popular NFT's, like Apes and Punks..  They're so valued high, I don't know why, but they are.  And yeah, I def know it's funny.  ;D  But who doesn't want to make some ETH out of it?  For a 300 - 500 USD investment which could go 10x or more, why not? 

I think Apes started for around 0.2 ETH then went up to over 100 ETH then landed at where it is today.  78 ETH or so.  Still not bad if you hold a couple imho.

I think nearly all of the newer projects coming out from here on in will likely fail long-term. Some of the older ones (like 2021) that survive will have a rebound. Doodles, CoolCats, World of Women and Gutter Cats come to mind. Also some of the other (original) women-led collections will likely do well again, but less likely the new ones. I won't name names but you can DYOR to find some of these firsts.

While I do think BAYC and CryptoPunks remain overvalued, I still think they'll hold their 50-100 ETH valuations in the coming years. Maybe just not increase against Ethereum that much.

Personally though I'm still a big fan of MoonCats, mainly as it's one of the original 2017 collections. It's only been trading for 18 months though so has a long way to go.

When I buy NFT assets, I am more connected to games. I value their NFT when I believe that if there is a good game, the developers take the game seriously and keep it going. The game has to be playable and play and win, and that NFT has to give me an advantage.

Make sure my favorite NFT looks better cosmetically in-game.

https://enjinx.io/eth/asset/100000000000068c/

The sale is not mine, just for example.

@SUPERSAIAN. It would certainly be better to concentrate on Ethereum NFTs because this is where much of the interest belongs. NFTs are illiquid in nature already, it would be difficult to resell those NFTs on other platforms will much less liquidity than Ethereum.


However, the older NFTs you have mentioned are very expensive and it would be difficult for much of the new investors of the succeeding bull market to own them. I reckon the newer investors would be looking for cheap NFTs with hardworking development teams very much similar to the projects that I have mentioned before, Dr/vrs NFT and Tokyo Rebels.

There is also another project that had their mint that ended only yesterday. This project is Kult Dolce.

https://kultdolce.io/

This is presently on a listing pump hehehe. It will certainly be much better to wait for price to dump first before buying for your collection.

I don't think they could regulate it, it's still a blockchain technology and it can't be banned or controlled. So I don't think that NFTs are in this kind of danger now. But I think the bigger problem for the NFT right now is the fact that people are losing interest in it. And the fact that from the beginning NFTs was just gambling tool cos there is no value behind them not helping the situation. Most of the NFTs are already lost their value(because of the low demand) and some that were worth millions are worth nothing now and people keep losing trust in this field thanks to Logan Paul scams. And this scam is also a great example of how easy it is to scam people in the NFT industry.

BAYC and CryptoPunks have been around for some time already, and I think they deserve the hype they've got and the popularity they've gained over time. But you are right though, I feel a lot of NFT collections are overvalued while some which are much better than them have got not as much value as they deserve.

Gaming NFTs will surely take the market by surprise in these coming couple of years as blockchain-games get a boost. There are a lot of GameFi projects currently being launched that have a lot of potential to explode in a year or so and their in-game NFTs will surely be valuable if the projects become successful.

New ones, how inexpensive it could be, still do not worth the same as the old ones in popularity as well, and that is why it's difficult to buy. Remember, NFT's are only valuable as long as people say they are, and if one NFT project has 100k followers, while the other one has 1k, that means the lower one could lose a bit of their customers and suddenly worth nothing, whereas the popular one could half of it and still be worth a lot.

I don't know the one you named, totally new to me, but give it 6 to 12 months and you will see that it will be very much lower than what it is today, because it will lose people gradually and won't regain them back.

But crypto market value isn't based on "deserving" the marketcap. People would value different things and i am sure there's enough people for every coin out there saying that they don't deserve their marketcap as high as it is. For a long time now i have accepted that adoption doesn't mean that best tech would win.

It's weird how much i still have defended NFTs in this forum even though i personally don't even understand the value of physical collectables. Maybe that's why it isn't as big leap to me.

I do not think that it's the same, I think it's a bit different for coins and tokens and NFT's, they are all a bit different. First of all, NFT's like that are existing and "deserving" of their marketcap in the sense that it is wide and popular, when something gets hyped by a huge community, you see it go up.

There aren't that many projects which have a bigger community than these, and lower marketcap, all the ones that are bigger, are also bigger in marketcap as well. Sure you can find some people who support even the worst coins, but not a lot of people, because if it was a lot of people, then the marketcap would have been bigger for them as well.

NFTs are not just about the games but surely it is one of the most adopted NFT because of many good projects. Though they already experienced bear market but I’m sure they will rise again especially the projects that continues to grow and develop new technology within the project. I believe NFT is not over yet, expect more usage from them in the next bull market and it can be a big one.

You make a valid point. Market cap is largely determined by the demand and popularity of a particular project or asset within the market. NFTs, coins, and tokens are all unique in their own way and will have different factors that influence their market cap. But that being said, it's important to note that market cap alone shouldn't be the sole factor in determining the value or potential success of a project.

Other factors such as the technology behind the project, its use case, and the strength of its community are also important to consider. It's always a good idea to do thorough research before investing in any project to ensure that you are making an informed decision.

NFT is like that everywhere, but since I see it as very limited in other places, I am trying to deal with NFTs in blockchain-based games. When a new game comes out, it can be advantageous to have an early NFT there from time to time. Also other nfts that I'm interested in are trading cards Dapper is running with license, but they've also lost a lot of value. Again, I think the interest will increase in all NFTs.

now NFT that's still a thing is an NFT where you also got membership by owning it which unlocks certain benefits in certain platform, they are being valued quite high nowadays but certainly not that high mainly because they are just membership NFT unlike arts that's sometimes got overly inflate value. but that just means they are valued just right so it makes sense, but I'd say NFT is already losing its standing, only bullrun could ever revive them that if NFT is still could become a trend in next bullrun.

Yes, they are still a thing but they are not popular anymore as before. So many of them have died already and the only left are the strongest ones or those who have a better utility other than good for being a display like a digital artwork.

It's only funny that simple NFT's are the ones who are expensive but not the NFT's which has those features you mentioned. I don't wonder anymore why many people do not trust them and they think it was only being used to launder money. Let's see if the bull run can truly revive these NFT's but I doubt it will. This is why I am never a fan of the new trends because they can mostly come and go but that doesn't happen with the original cryptos.

Honestly I think the market is saturated and overstated price wise still.  The madness of nft pricing I think is over.  There will probably be so.e nfts that can still make you profit but not like the 2020/21 time frame.  Those prices on some dumb projects was insane.  I'd steer clear if you are just looking at it from a profit sense and just stuck with crypto.

The regulations may create some issues for other things, but NFT never proved any innocence neither. We have seen with proof that there are some projects where people bought from themselves in tune of tens of thousands of dollars to make it look like that project was something expensive, to get others to spend thousands on each NFT and then people were left with basically nothing.

If I end up buying 1000 NFT's from myself, using 10-20 thousand dollars each, and then sell the other 9000 NFT's for 1000 dollars each, people will eat it up, specially during the hype period many people did. Which is why it is quite important to remember NFT is not that good too, it has many shady deals in it.

I managed to get NFTs several times, but I never could sell them because there were no buyers or the circulation of NFTs created was in the thousands.Therefore, this trend somehow passed me by and I don’t fully understand who buys it and why.

NFT holders are currently facing a lot of losses. I made a purchase and naturally saw part of the profit in a few days.
But now there are losses which are considered too expensive. NFTs cannot be held for long as many dollars become gapped.

maybe the NFT period has faded, and if we can't take advantage of the ongoing trend, then we will lose because no one is buying it, especially at high prices. especially during a bearish season like today, of course many people will prefer to buy the main coin in investing, and that is clear in terms of the security of the capital used, especially at a low price that makes us more confident to hold the main coin in making a profit

NFTs are done for another year or two... until they're rebranded. Once it's called something else, we'll see another rise, but it will be new projects or NFTs that swap on over to the new 'hype' that will be all the rage. We saw it back in 2018 with staking to masternodes, and also once ICOs started falling out of favor, SAFTs and 'auctions' were the hot thing. Pretty much the same thing in both cases, just rebranded.

I believe that the biggest issue of NFTs is liquidity, which might get resolved with mechanisms like fractionalization. Once a similar mechanism gets adopted by many NFT projects, NFTs will be normalized too.

at the moment, everything is in an unfriendly state because it is indeed a bearish season, moreover, NFT is of course something that is still new and there are still many problems that arise, in situations like this it is also difficult to be certain that NFT will also be affected.
no one dares to speculate to want to spend their funds on things that cannot guarantee the benefits that will be received. agree with you that it is better to allocate to altcoins that are already known and can provide benefits than to speculate with NFTs.

well, I think NFT is still struggling in the cycle of finding practical value for application and acceptance of market demand.  That means that the hype of the NFT after exaggerating speculative opportunities has created pressure on its characterization reception.  Therefore, its loss or gain will be realized in the future (in 2025 or later i guess) as its significant entity in the cryptocurrency market.

there is no real use case that is profitable for NFT holders, this is why the demand from the NFT market or the market cap of the NFT market continues to fall,
because many people also think that NFT is useless, but I'm sure that in the next few years NFT will be hype again ,
so if you have bought NFT at a high price then you should just hold it if it has fallen 99% from ATH.

I am sure that's too long. NFTs are not new anymore and besides, before the developers create an NFT, they must think if what is a better concept of it, not that they will create the NFT first although I think they can still modify it and make it a better version. There are so many NFTs created in different fields i.e arts, music, games and others. Some are successful and accepted by the public but some are just a useless piece of image.

Yeah, the hype on NFTs are too much or can be said to be exaggerated because of their value which are too expensive. They will surely be remembered in the future, not only because of that but also because they have been a part of the crypto.

now the NFT usage has rather shifted for something different, initially it was for an art, which i also judge as useless but right now, NFT acts more like some sort of membership proof for many of the projects, like swaps, etc in which gonna make you kind of eligible if there is some airdrops, which I think it has more real value than just random arts, i'd say, NFT could definitely be used for something better than just art, hopefully in the future nft implementation gonna improve.

I tell you that if unpopular NFT will worth nothing. You will just waste your time for worthless NFT for sure. It's very bad to always get garbage NFT like that. It looks like you shall try to work even harder to get worthy NFT. I saw that you can also try to find that through use the airdrop group. The price for any nft may vary. it's caused by that also depends with demand. Even if you are using aggregator and that will not also help you a lot.

I do agree that there was something shadier than that went in the NFT world. There was a lot of talk about two things and I believe that they were true in some cases, not in all of them but in some cases it must be.

One of them is the fact that they buy from themselves to make it look like it has some value, and then rest is getting eaten up by people like it is something amazing. Like they create 10k NFT's, the first 1k batch opens up to public at first, they buy whatever they need to at a very high price, and since they get the money it's fine then they let the other 9k and people buy with the hopes that they can sell for a lot more later on.

Second is money laundering, all you have to say is you sold NFT and made that money, you do not have to provide proof who bought it, just say "this wallet address" and you can launder your money.

I am not into NFT proper because I believe it is being used basically for money laundering, the amount of money being thrown at some of these JPeg makes me believe there is a huge gap in the way the world value things and the way Crypto space value thing. I am not surprised this is happening because Art majorly is used for money laundering and digital form just takes it to a higher level. The only NFT I own is the Trump NFT, I have this feeling he is going to win the Republican primary and it is likely going to pump the price significantly everything being equal.

That is what everyone is saying but you must not be worried as long as you don't join those launderers. You will not be sent in to jail but you better choose the legit NFT's and not those junk NFT's which has the same capabilities with the meme coins who are only here to join the trend and for their owners to make money effortlessly.

There are some things in the real world which people can value more than the things in the crypto world and there is also things in the crypto world which people value more than the things in the real world. A good quality art is really valuable in both physical and digital form so you shouldn't be shocked but good luck about your NFT. I hope you didn't get scammed by that.

I think I'm also the same as what you said, I also don't like NFT and for me this is something that is inappropriate and unacceptable in my view. maybe there will be many different perceptions in responding to the NFT question, but as you said that most of it is used for money laundering and I myself cannot conclude like you do, but if there is excessive weirdness about each NFT, of course I can say that it is true and real.
because of my dislike of NFTs, I have never been touched and related to any existing NFTs, and I will not try to be tempted by them even though they might be profitable later.

As I've already admitted my mistake in the next great 1000x thread, it's not dogs that's gonna make huge gains this time around...  It's gonna be frogs.  ;)

So I guess next great 1000x will possibly happen for NFT's too?

https://opensea.io/collection/lofipepe

so much NFT actually losing their value. heck even those NFT holds by the so called celebrities back then which make some headline in many media are now worth a dime, i'd say NFT art based are done for.
right now i see NFT that still have some utility like used for in game items and also key for like airdrops programs are the one that still have active trading volume the rest just tanks.

for anyone that wanna invest in NFT just rethink it twice, you could very well say you're burning your money away if you're investing in some random NFT that got no liquid whatsoever.
investing in meme coin is far better option at this point at least you got billions liquidity ready for you to dump your coin.

That is because their increase is only artificial because of the hype. Once the hype goes down, the price will also be dragged in the same direction and the recovery of them is now crucial. Only those selected NFTs which has a ground breaking fundamental are the ones that can survive but they are also struggling because NFTs are not hot as before.

The trend is now replaced with a new one. This is how crypto market works but if you already know the pattern, you can make a profit on them with taking less risk only. Meme coins are I think much worse than NFTs because almost all of them are the same but in NFTs there are still serious projects that can last a long time.

Currently, the NFT that I know in some projects are only used as staking to get coins owned by the NFT and that is boring including the old style. I think NFT still has more potential in its development in the future because it is a place for artists to produce their work and has a unique value. Hopefully with the development of AI NFT can increase its hype again.

They are...  But I think at least for now.  As we've seen before, crypto trading is a rotation game a lot of the time.  It went from BTC to ETH to other L1's, to decent alts, to micro caps aka alt szn then it went to the most ridiculous sh*t like memecoins.  After all that it went to NFT's...

Well we've just had our memecoin craze.  So I guess we'll be seeing NFT szn next?  Dunno...  I think maybe but not financial advice.

There are a lot of opportunities in the NFT world that would have speculation and you could profit from that, but NFT has one situation you need to be extra careful about, which is the fact that it could make you lose a lot of money if it's owner made.

The owner could create some NFT's and then buy it themselves, which would make it look like it was sold for 200$ when in fact they are only paying the fees and nothing else, so you would be willing to pay 100-150 dollars thinking it's a discount and sell for 200+ later on, and you buy it and then they make the profit while you lose like crazy. This is why you are not entirely sure if its speculation or if it's something else, I rather be a lot certain and go with coins instead to make sure.

This is a head shaking comment from some of the holders of Bored Ape Yacht Club NFTs. Do they not know that there are not many people who could afford to buy NFTs that are more than 1 ETH? Bored Apes were worth 60 ETH per NFT before the dump and it is still very expensive at 30 ETH.

However, it is easier to blame someone or something else than making an unbiased assessment on what's happening around them. Asset prices cannot pump forever.



Bored Ape Yacht Club, the top-traded NFT collection, is trapped in a brutal bear market, and holders are blaming the recently launched Blur NFT marketplace.

The reason? Blur has incentivised NFT trading on its marketplace by promising a lucrative token airdrop for top users — free tokens that can be traded on secondary markets for value.

Now traders are playing hot potato with Bored Apes to pump up their activity on the marketplace.

Still, detractors say Blur is having a negative impact on the value of Bored Apes — that’s because traders don’t mind if they buy a Bored Ape and sell it at a loss.

Source https://www.dlnews.com/articles/markets/bored-ape-fans-blame-blur-for-falling-nft-prices/

its their fault why they trust ape picture with their thousand of dollar. NFT should be used for fine art or any copywriting to proof it legal standing. not only ape picture which everybody can make it easily

In the bearish season there's nothing we can do, especially for the NFT market, even now NFT is still not very popular anymore,
even some of the top NFT coins are still at the bottom price and haven't recovered yet, but don't be sad,
because this is a good thing for those who haven't bought NFT yet, because at this time buying NFT is really worth holding on to.

Agreed, however, it appears that the bear market for NFTs might be worse than the bear market for altcoins. There are also no assurances for a quick recovery because in altcoins and defi tokens, there are institutional investors who might find an argument to invest in them during a favorable market. But on NFTs, who will be the buyers? Each other?

Even when the price going up lately the price of nft still stuck and i don't think NFT is good for investing anymore.
Few years back i put some money to buy karma monkey, sold it at lost.
In this year i don't have any NFT anymore, already sold all of my nft investment into AI coins.

it looks like the trend in NFT is just passing. even take as an example the new blockchain of Sui 90% of NFTs that have released outright garbage on it and has no value. The other day they handed out, as it were, unique NFTs and it is not clear what they are for and what benefits they bring at the moment, there is a lot of uncertainty.

Hmmh NFTs I really am skeptical about those pieces of arts I mean the market liquidity of NFTs are quite low and is kinda of a pairing thing So if there is a good buyer then lucky you but sometimes it doesnt happen that way and you will need to set low asking price Maybe NFTs that represent real-word assets might make some moves so who knows

well sui has been known to have many failed projects emerging in their blockchain, maybe because the devs has already drained sui of their demands since their presale was so massive it raised so much money.
after that it went downhill, so can't really use these NFT released in sui as something to determine whether NFT is just passing trend.
but I think its true though, NFT right now just used for occasion like identifying airdrop receivers, and nothing more.
I consider that somewhat finally NFT finding its real use case not just some gimmick unlike before, maybe NFT arts that gets priced millions are just passing trend like you've said but honestly NFT itself is good technology.

In the market as a whole yes but for a certain project and NFT's, I think we can still be able to manipulate them. It's already common even before especially to the NFT's. I wouldn't be surprised on why many NFT's are dumping lately.

It's not that we are still in a bear market but the hype of them are already over which means even the market returns to normal, the value of those NFT's are still going to be the same. I feel sorry for those who FOMO when NFT's are still hot and they also HODL it long term thinking it's like a typical crypto or much better than it. Oh well, as they say, regrets are always felt at the end so there they have it.

because let's admit the fact that most of them were launched just to ride the hype and no solid foundation to begin with. so when those people got tired of chasing the hype, they just abandoned the project after getting something out of it. this is why it is hard to trust new markets because you can't rely them to sustain their market for long-term. if you won't update yourself with what's happening, you can easily go broke if you don't get rid of what you bought.

On the time that NFT hype was really that so high or very hot on which you would really be molding up those questions in mind on how the heck
these pixelated  pictures or those good looking images would really be having so much value? You would be saying into your self that people must be so crazy or they dont
really have that much proper thinking on how things should really be treating into. Its true that it would really be that so easy on making pictures and sell it out and
with those NFT hype then reaching up lots of million of dollars which is really that so having no sense.

https://www.talkimg.com/images/2023/07/07/ZSqlm.png

it was highly inflated bubble and I think the outcome was already expected since day 1 but people still go ahead anyway thinking they exit before bubble pops but unfortunately many didnt make it.
therefore I think these NFT arts will never regain their former value again even in the future honestly.
after all these are all actually some rather generic arts that can be created by quite literally anyone else just by simply hiring some good artist for hundred of bucks you get brand new NFT.
no need to pay millions for it which sounds ridiculous but its true.

Everything has its prime time and it also has to face difficult times too, NFTs were so popular that they were being sold for hundreds of thousands of dollars each, but now when the time is bad for NFT creators, the market is having a dump which is pretty evident. Those who gained huge profits through their created NFTs will not have many issues for sure but those who have spent a lot of money but aren't getting offers worth that are doomed.

Now we don't know NFT market will also get into a bull run just like the cryptocurrency market or not, because we have never seen this happening before and it's a first-time experience for everyone, we got to wait and see what happens in the near future to NFTs and their creators.

An NFT's value has something to do with the community behind it and the willingness to stay and be active with the said community.  It also has something to do with some sort of value behind the meme of the NFT, the idea.  Just like with most of these altcoins, it's all just memes all around.  And we're here playing a kind of game avoiding to be trapped.

Remember NXT?  Go look at their ANN thread and read the OP.  That was a meme.  If you kept on believing and held until now then you'd be down bad.  Lol.  It will be the same with most of these NFTs.

But yeah...  None of these should be worth more than 10k USD a piece or even 1k a piece.  :/

When I see such insta prices, I question NFTs every time. It's obvious that something different is going on behind it. There are price setters outside of the community and collectors. The community who wants to buy NFT should not buy at exorbitant prices, should research the price well and buy it if it is reasonable. Even if it's a real work of art, it's just ridiculous that it's just a code built on a chain, with thousands of dollars and price volumes.

Total agreed with you i bought the SUI NFT blueshark, with all the noise and all, it went up a bit and after it went down, In my own opinion i think the era of NTF is coming to an end, just like how the ICO era ended, but we shall see in the coming months.

i always think that sui blockchain itself is already massive garbage, every event in there always misled people, not to mention latest NFT event that many deemed to be rather useless.
its not that NFT in sui are losing its value, but from day 1 everything related to sui always meets its demise very soon.

It has been reported that if so many popular NFT's floor have been dropping so hard, that means NFT is not worth anymore and it's garbage thing. Justin bieber's nft has been crazily depreciating on its value.

The only stupid guy who keep believing if NFT gonna be better thing to store our asset. NFT is just pure garbage.

Obviously you forgot one of the basic rules of trading: "Buy the rumor, sell the fact". You did the opposite, bought NFT after SEO made an announcement about the upcoming event, which concerned those who kept NFT Blueshark in their wallet. This announcement was regarded by many as an announcement of an airdrop for the holders of this NFT, and therefore its price increased. And accordingly, when this did not happen, the price of NFT fell.

According to some rumors being shared on social media, the members of Milady's development team are fighting each other. There was an attempt of an extorsion on the project and the other team members filed a lawsuit against the extortionist group.

Source https://docs.remilia.org/lawsuit.pdf

However, there is something head shaking in the lawsuit. It mentioned that the plantiff is Krishna Okhandiar and according to other rumors this person is someone from the government who is also working on Palantir.

Source https://twitter.com/WazzCrypto/status/1701347968513716577

Palantir is a dataminer being funded by the CIA.

These are only speculations, however.