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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: R1dwanRz on April 19, 2024, 11:01:07 AM



Title: Where do you see NFTs heading in the future?
Post by: R1dwanRz on April 19, 2024, 11:01:07 AM
NFT has come a long way, some think NFTs are dead, but again some think NFTs is heading in a way that keeps them alive, I feel that second one is the most reasonable thing.

It's not like NFTs are dead.. I know that some of you hate NFTs for them being too stupid. I agree that low quality NFTs shouldn't be listed as high price. Like what do you see in a stupid monkey art disguised as NFT haha..
Well moving on... I believe NFT can be good for artists, or example, I created a Photoshop piece featuring a house surrounded by haze and considered turning it into an NFT. Unfortunately, the fees on platforms like OpenSea and also Ethereum fees are quite high lol.

One of my friends suggested that Rarible is best for minting NFT since it's good and not expensive at least what I have seen. He just said "Get some matic for fees, open rarible and create a collection then mint the nft". Of course I checked it out, and it's not bad either. I saw that using their RARI native token has more advantages in their platform, since they incentivize buyers and sellers using their token on platform. I've also noticed on CMC that RARI listed on rapidly growing exchanges like Bitget and MEXC.

I think there's a market for selling photoshopped art or handmade arts, potentially at high prices. There will always be someone who appreciates your work. I do believe that NFTs aren't done yet – what are your thoughts?


Title: Re: Where do you see NFTs heading in the future?
Post by: Supianto on April 19, 2024, 11:25:28 AM
I think that NFT will remain to be a niche product. Most of them are ugly, so people won't be buying them as a piece of art. Trading them is really volatile and unpredictable, so that suits not for everyone either.


Title: Re: Where do you see NFTs heading in the future?
Post by: Rabbitqt on April 19, 2024, 11:37:28 AM
NFT has come a long way, some think NFTs are dead, but again some think NFTs is heading in a way that keeps them alive, I feel that second one is the most reasonable thing.

It's not like NFTs are dead.. I know that some of you hate NFTs for them being too stupid. I agree that low quality NFTs shouldn't be listed as high price. Like what do you see in a stupid monkey art disguised as NFT haha..
Well moving on... I believe NFT can be good for artists, or example, I created a Photoshop piece featuring a house surrounded by haze and considered turning it into an NFT. Unfortunately, the fees on platforms like OpenSea and also Ethereum fees are quite high lol.

One of my friends suggested that Rarible is best for minting NFT since it's good and not expensive at least what I have seen. He just said "Get some matic for fees, open rarible and create a collection then mint the nft". Of course I checked it out, and it's not bad either. I saw that using their RARI native token has more advantages in their platform, since they incentivize buyers and sellers using their token on platform. I've also noticed on CMC that RARI listed on rapidly growing exchanges like Bitget and MEXC.

I think there's a market for selling photoshopped art or handmade arts, potentially at high prices. There will always be someone who appreciates your work. I do believe that NFTs aren't done yet – what are your thoughts?
You've made good points about NFTs. While some see them as a passing trend, they offer real value for artists. High fees on platforms like Ethereum are a challenge, but alternatives like Rarible and Matic can be more cost-effective. Using platforms that reward transactions with native tokens, like RARI, is a smart move. Quality and uniqueness will always find a market in NFTs, so they're far from being done.


Title: Re: Where do you see NFTs heading in the future?
Post by: cryptoaddictchie on April 19, 2024, 11:37:34 AM
Nfts could be on the same page like before but what differs is the network it will be more used. As we can see some still uses eth network for nft but not all some are dead and not worth it anymore and even some fade. Most of other nfts are available to other network too means that adoption still kicks in. It will experience downtrend and uptrend as nfts arent liquid that much but with introduction of such tech like 404 this will get improved overtime.


Title: Re: Where do you see NFTs heading in the future?
Post by: ryzaadit on April 19, 2024, 12:26:37 PM
Nope, but sorry to say.

I more rather hold a coin/token rather than (NFT). The liquidity are low, you cannot sell those instantly even if there has some order buy for the asset but still the gap are to high make you gonna to lost more than 50-70% because the gap.

I'm rather losing an asset in (coin/token) rather than in (NFTs) because in (Coin/Token) as long buying the asset with a good liquidity at least my asset are still can be sold. Imagine, buying an asset with a high price and cannot sell instantly because there is no orderbook and waiting to be sold with a really long time.

If you lucky, the project and demand still on there if not you just hold piece of junk. Let's be real, people in crypto are buying NFTs is not because the NFT it self is because they want to flip those asset (meaning getting profit).


Title: Re: Where do you see NFTs heading in the future?
Post by: Husires on April 19, 2024, 12:38:46 PM
Nfts are unique data that is added to the network. Over time, their use will decrease, as their use will be limited only to the rich or those groups that are willing to pay for digital products. Their use can expand to sell tickets for artistic and sporting events. Nfts will exist and are not bad, but the problem is that they will turn into more spam on the network.


Title: Re: Where do you see NFTs heading in the future?
Post by: peter0425 on April 19, 2024, 12:50:46 PM
NFT has come a long way, some think NFTs are dead, but again some think NFTs is heading in a way that keeps them alive, I feel that second one is the most reasonable thing.

It's not like NFTs are dead.. I know that some of you hate NFTs for them being too stupid.
Yes not to mention really harmful for the environment when it really does not bring any real functionality to people. Most who buy it are just contributing to greenhouse gas emissions for no reasons.

Quote
Well moving on... I believe NFT can be good for artists, or example, I created a Photoshop piece featuring a house surrounded by haze and considered turning it into an NFT.

Well I agree that they can appreciate lots of artists and prevents plagiarism or stolen works a lot but I just don’t see it going anywhere anymore


Title: Re: Where do you see NFTs heading in the future?
Post by: doubletheprof on April 19, 2024, 12:56:12 PM
I think that NFT will remain to be a niche product. Most of them are ugly, so people won't be buying them as a piece of art. Trading them is really volatile and unpredictable, so that suits not for everyone either.

So true lol


Title: Re: Where do you see NFTs heading in the future?
Post by: cryptoaddictchie on April 19, 2024, 01:01:26 PM
I'm rather losing an asset in (coin/token) rather than in (NFTs) because in (Coin/Token) as long buying the asset with a good liquidity at least my asset are still can be sold. Imagine, buying an asset with a high price and cannot sell instantly because there is no orderbook and waiting to be sold with a really long time.
Understand this mate. But only possibly on low quality one. I think if youre gonna do an nft maybe better to flip the major or blue chip nfts. Like pudgy penguin, milady, remilio, bad kid, madlad nft or any valuable nft that are quite active when it comes to airdrop since their rewards to holder of these are usually big. Sometimes you already get the amount of value when you buy those blue chips with the token drops.


Title: Re: Where do you see NFTs heading in the future?
Post by: avikz on April 19, 2024, 03:46:12 PM
I do believe that NFTs aren't done yet – what are your thoughts?

NFTs are done! It's only user for money laundering. I can create hundreds of digital images using AI algorithms and list it in the market using Matic blockchain without paying any fees. So anyone from anywhere in the world can flood the market with literally millions of images every single day.

NFTs can only work when it is endorsed by some celebrity but for common users, NFT is dead and a financial disaster. Think 100 times before you buy one!


Title: Re: Where do you see NFTs heading in the future?
Post by: ryzaadit on April 19, 2024, 04:00:32 PM
-snip-
So basically is still not have use-case

You are saying is only one of the rules are gonna use for receiving (Airdrop). It's the only reason, at least still have liquidity after they receive the airdrop do the liquidity is still on there? Well, I'm saying after several history (It's not).

There is no reason to hold again, mostly massive sell are gonna to be stated. IMO no matter quality the demand NFTs are quite low and not good for hold them, no one really care about the picture/video/gift of the NFT they're holding.


Title: Re: Where do you see NFTs heading in the future?
Post by: Tipstar on April 19, 2024, 04:16:22 PM
NFTs as they are know today have no future. No one are going to buy unique hash associated pictures that anyone can generate in any amount. For something unique to have value it must hold some significance. There's a difference between the doodles of pablo picasso and doodles made by me. If people are willing to buy my doodles, I'll make one every hour. NFT still can be a thing as unique identifier for some real product. It's a technology that might have more significance than what we know now. There could be more use cases that may bring them back in significance but the hype for the NFT we know now is dead.


Title: Re: Where do you see NFTs heading in the future?
Post by: cryptoaddictchie on April 19, 2024, 04:17:50 PM
You are saying is only one of the rules are gonna use for receiving (Airdrop). It's the only reason, at least still have liquidity after they receive the airdrop do the liquidity is still on there? Well, I'm saying after several history (It's not).

There is no reason to hold again, mostly massive sell are gonna to be stated. IMO no matter quality the demand NFTs are quite low and not good for hold them, no one really care about the picture/video/gift of the NFT they're holding.
Its up to you. If you are a holder or remilio and milady, they got some tokens of ena and omni for huge airdrops which is worth a lot. Yes possibly you say is right that some holder are doing this for the culture. Its the way it is for the alts or degen traders, who love altcoins. I myself uses nft for potential airdrop even though thats my use for so called use case its working fine for me.

Also Id acquire some nft for roles on some alts for potential airdrop too. Im not an art fan like spend a huge amount if it doesnt appreciate its value over time or if its at least they must have useful to me like having WL for certain projects or airdrops something like that.


Title: Re: Where do you see NFTs heading in the future?
Post by: Kelward on April 19, 2024, 04:22:34 PM
I think that NFT will remain to be a niche product. Most of them are ugly, so people won't be buying them as a piece of art. Trading them is really volatile and unpredictable, so that suits not for everyone either.
Sometimes I look at NFT artworks and I wonder what their use case in the crypto space is, they'll probably appeal to the super rich art collectors who're into the types that NFT showcases, other than that I personally don't see them being relevant in the future. Besides, for the majority of people, I'd say who needs a masterpiece that costs a fortune, when you can copy them or buy a lookalike on the roadside, except again for the these elites who'll like to show off that they hold the originals .


Title: Re: Where do you see NFTs heading in the future?
Post by: Belarge on April 19, 2024, 10:25:52 PM
NFTs as they are know today have no future. No one are going to buy unique hash associated pictures that anyone can generate in any amount. For something unique to have value it must hold some significance. There's a difference between the doodles of pablo picasso and doodles made by me. If people are willing to buy my doodles, I'll make one every hour. NFT still can be a thing as unique identifier for some real product. It's a technology that might have more significance than what we know now. There could be more use cases that may bring them back in significance but the hype for the NFT we know now is dead.
The hype is not over because there's more sectors for such contempt to reach. Cryptocurrency is not as easy as we all thinks but we should always bear in mind to keep the trends up and running. NFTs have been one of the major source of creating wealth in crypto but we're not in NFTs season, that means generating profits becomes challenging. We should consider the hype, that's how the market operates and leaving traders and investors in confused form. Non-Fungible Tokens have rising matter in the system and have always been the top trends this season.


Title: Re: Where do you see NFTs heading in the future?
Post by: oktana on April 19, 2024, 10:48:27 PM
I also think that NFTs are dead. It was overhyped and I really do wonder how those who bought NFTs that are expensive are feeling today, now the hype is all dead. Art can’t be dead but NFTs were something else entirely, it got to a point where it seemed to me that maybe it shouldn’t have been created. It was greatly abused because people were trying to make money and not focusing on the art itself.


Title: Re: Where do you see NFTs heading in the future?
Post by: nelson4lov on April 19, 2024, 10:58:03 PM
NFTs were heavily abused by people who wanted quick bucks. Nft arts were supposed to be unique but it was heavily abused and the arts got really repetitive. All the craze about non Fungible tokens are now over even the number 1 NFT project, Bored apes have fallen horrendously. I really think that Non Fungible tokens are not going to get much attention in this bull run because Fungible tokens are being traded more than non Fungible ones without selling hopium about it being unique.


Title: Re: Where do you see NFTs heading in the future?
Post by: Bournesparks on April 20, 2024, 05:42:41 AM
NFT has come a long way, some think NFTs are dead, but again some think NFTs is heading in a way that keeps them alive, I feel that second one is the most reasonable thing.

It's not like NFTs are dead.. I know that some of you hate NFTs for them being too stupid. I agree that low quality NFTs shouldn't be listed as high price. Like what do you see in a stupid monkey art disguised as NFT haha..
Well moving on... I believe NFT can be good for artists, or example, I created a Photoshop piece featuring a house surrounded by haze and considered turning it into an NFT. Unfortunately, the fees on platforms like OpenSea and also Ethereum fees are quite high lol.

One of my friends suggested that Rarible is best for minting NFT since it's good and not expensive at least what I have seen. He just said "Get some matic for fees, open rarible and create a collection then mint the nft". Of course I checked it out, and it's not bad either. I saw that using their RARI native token has more advantages in their platform, since they incentivize buyers and sellers using their token on platform. I've also noticed on CMC that RARI listed on rapidly growing exchanges like Bitget and MEXC.

I think there's a market for selling photoshopped art or handmade arts, potentially at high prices. There will always be someone who appreciates your work. I do believe that NFTs aren't done yet – what are your thoughts?

I've got no idea though, cos the nft hype is dieing. Nonetheless from what you said, RARI seems to be cool, checked X, saw some enthusiasm with good price trend. Also noticed some people are already mining the token for free on poolX( Bitget's latest product). Will observe for a few days before making a decision.


Title: Re: Where do you see NFTs heading in the future?
Post by: TastyChillySauce00 on April 20, 2024, 07:39:23 AM
I think that NFT will remain to be a niche product. Most of them are ugly, so people won't be buying them as a piece of art.
True, most of these NFTs which priced so expensive being used for the washtrading only. I was always avoiding to buy this piece of shit. Some NFTs may be valuable enough but it's only some NFTs that have been released by the popular entity which has gained a lot of popularity.
Majority NFts were pumped so high due to the hype. Some popular NFTs have told us about how their price dropped so hard like BAYC. The floor was always declining like shit.

Trading them is really volatile and unpredictable, so that suits not for everyone either.
True even majority of these NFTs became worthless after the hype has gone. I remember ghozali NFTs. NFTs can be used for the identity verification only. Im not seeing other utility owned by NFTs.
NFT can have various utilities but majority of people used this as speculation purpose only.

It's being used as pump and dump asset like token.


Title: Re: Where do you see NFTs heading in the future?
Post by: God bless u on April 20, 2024, 11:24:08 AM
NFT has come a long way, some think NFTs are dead, but again some think NFTs is heading in a way that keeps them alive, I feel that second one is the most reasonable thing.

It's not like NFTs are dead.. I know that some of you hate NFTs for them being too stupid. I agree that low quality NFTs shouldn't be listed as high price. Like what do you see in a stupid monkey art disguised as NFT haha..
Well moving on... I believe NFT can be good for artists, or example, I created a Photoshop piece featuring a house surrounded by haze and considered turning it into an NFT. Unfortunately, the fees on platforms like OpenSea and also Ethereum fees are quite high lol.

One of my friends suggested that Rarible is best for minting NFT since it's good and not expensive at least what I have seen. He just said "Get some matic for fees, open rarible and create a collection then mint the nft". Of course I checked it out, and it's not bad either. I saw that using their RARI native token has more advantages in their platform, since they incentivize buyers and sellers using their token on platform. I've also noticed on CMC that RARI listed on rapidly growing exchanges like Bitget and MEXC.

I think there's a market for selling photoshopped art or handmade arts, potentially at high prices. There will always be someone who appreciates your work. I do believe that NFTs aren't done yet – what are your thoughts?
I think NFTs will never be buried not in any laps of time. There are many reasons behind that but the major one that I think is the creativity level that is being appreciated and promoted through buying and selling of NFTs.

These types of earning programs never die because they promote the creativity among people. Couple of decades ago people use to distract their child's from creativity because they cant earn by just creating things like NFTS but now it's possible and that's why it's a very unique concept.


Title: Re: Where do you see NFTs heading in the future?
Post by: johnsaributua on April 21, 2024, 07:52:19 AM
There are quite a lot of nft assets in my wallet, some of which I got from free airdrops (participants of a web/galxe) and some of which I bought from zora and opensea, DYOR. Indeed, so far only a few nfts have made me a profit by holding and selling again, but there are also tokens that I get token allocations or get exclusive rights to try events / presale prices. Nft is like a key function or a sign of privilege, even though the count is units it is not uncommon for this nft to soar to tens, hundreds and even thousands of $ depending on the function, rarity, supply and privilege in a project. If it is for art only and saving for the long term for me, I am not interested, so far the quality nft must be researched again. In contrast to, for example, altcoins (coin assets), holding ethreum does not hesitate because it is multi-functional and is used at all times, even when selling instantly it will be very easy either to all users or exchanges.

Indeed, cexes such as mexc, bybit, binance provide nft markets, of course the hype of nft is not always frequent and may be overwritten by other nft seasons even though 1 network or 1 nft genre (for example meme coin network base). You are right that markets like opensea still have many individual contributors there, or if you try zora it is also very early.


Title: Re: Where do you see NFTs heading in the future?
Post by: Deddyhoku on April 21, 2024, 08:02:36 AM
NFT is out of mainstream now, for good. I think that this industry is slowly duying now


Title: Re: Where do you see NFTs heading in the future?
Post by: Kamasylvia on April 21, 2024, 08:13:38 AM
NFT is out of mainstream now, for good. I think that this industry is slowly duying now

While there has been recent speculation and discussions around the viability and sustainability of NFTs (Non-Fungible Tokens), it is premature to say that NFTs are dying. NFTs have gained significant popularity and attention in various creative communities, allowing artists, musicians, and other content creators to tokenize and sell their work. However, as with any emerging technology or trend, there may be phases of heightened interest followed by adjustments and consolidation. It is important to closely monitor the market and technology developments to get a more accurate understanding of the long-term prospects of NFTs.


Title: Re: Where do you see NFTs heading in the future?
Post by: Sophokles on April 21, 2024, 08:20:54 AM
NFT can be more than a collectable art, and the real utility of it is yet to come in my opinion. NFT can be used as digital land ownership and there are plenty of other sector where it can be useful. The last NFT hype was quick to fade away due to the lack of real direction and utility. If people invest in something only to make profit out of it, then it is obvious that it will lose value eventually. That is what happens with NFTs and scammers also use the hype to launch many scam projects that are already dead.


Title: Re: Where do you see NFTs heading in the future?
Post by: bluebit25 on April 21, 2024, 08:30:13 AM
This field is simply the drawing of people who like to experiment in space, but in that process people see it as a trend to guide the development of the field. Let's be honest, the true nature of NFTs is not as great as we hear many parties praise it for, but this market has many mutations to attract attention, I am not one to oppose the field. But taking a serious look at what we're dealing with in space shows that emergence is simply a new concept that's been hyped up and many are praising/mocking it.


Title: Re: Where do you see NFTs heading in the future?
Post by: Bushdark on April 21, 2024, 08:44:04 AM
I think that NFT will remain to be a niche product. Most of them are ugly, so people won't be buying them as a piece of art. Trading them is really volatile and unpredictable, so that suits not for everyone either.
NFT is already dying that is why we keep seeing people that had lost money in it not putting there money there again.
We need to be wise and make sure we put our money in good project not the bad NFTs that easily crash out in the market allowing the users to earn up losing their funds. We need to be careful and look for ways to invest our money in something that will be a little but profitable for us .


Title: Re: Where do you see NFTs heading in the future?
Post by: TastyChillySauce00 on April 21, 2024, 10:44:48 AM
NFT is out of mainstream now, for good. I think that this industry is slowly duying now
NFT is getting hyped on the bitcoin blockchain, i was seeing massive growth happened to the BTC nft but as you said it's dying on another blockchain like ethereum since people are looking to buy NFT caused by their usability. If NFT will help them to be eligible for so many airdrops and im sure they will buy it.

NFT is good for several sectors but it doesn't mean this thing has no weakness. I'd prefer to hold token rather than NFT considering the fact that if NFT is just a non fungible token.

It has utility when the creators/issuers of such NFT has very strong foundation and connection to the various projects that can give NFT holders ability or eligibility to receive as many airdrops as they can from the partners of NFT issuers.

NFT is dying now.

This is an evidence for this

https://i.postimg.cc/FK2hs1pj/ha35ua5eu.png
https://cointelegraph.com/news/bored-ape-yacht-club-floor-price-lowest-point-since-august-2021

BAYC has been known as the most popular NFT and the price of this NFT is always going down even deeper after it has released token airdrop to the NFT holders.


Title: Re: Where do you see NFTs heading in the future?
Post by: JeffBrad12 on April 21, 2024, 11:33:19 AM
NFT now works as some kind of identification for airdrop receiver its not about art anymore, moreover most of the NFT are just generated so I think its heading in the right direction at least from my perspective, the technology that NFT have for proving authenticity really suited well for that kind of use, in the future ticketing and many things can also take advantage of NFT so its not about speculation anymore.
but nevertheless its still speculation with these NFT even more so with the presence of ordinal NFT and ethereum NFT that just climbing in term of price the price climb wasn't caused by the art getting released by unique artist anymore, its just about how much value it hold as an identifier for airdrop participant as mentioned before, also there are use of NFT for game items for those blockchain game so I think its good enough already.
contradictory to what people think of NFT which generally think of it as dying, i think it just finally being used for a purpose not just speculation.


Title: Re: Where do you see NFTs heading in the future?
Post by: o48o on April 21, 2024, 09:18:26 PM
I find it weird how people in here see that there's no future for nfts. To me that sounds like there's no future for erc20 and other fungible tokens. And everyone seems to base this on the fact that they are selling them as link to images. Well fungible meme tokens aren't even that, and yet they have so high marketcap and volume, and such a strong history already that we can't just ignore them as a fab either..

And for the last time, nfts have other use cases then some images linked to them. It doesn't however mean that nfts would be sold as expensive tokens. They can represent anything like they do now represent liquidity positions in uniswap. That's a literal use case happening right now.


Title: Re: Where do you see NFTs heading in the future?
Post by: milewilda on April 21, 2024, 09:30:21 PM
I find it weird how people in here see that there's no future for nfts. To me that sounds like there's no future for erc20 and other fungible tokens. And everyone seems to base this on the fact that they are selling them as link to images. Well fungible meme tokens aren't even that, and yet they have so high marketcap and volume, and such a strong history already that we can't just ignore them as a fab either..

And for the last time, nfts have other use cases then some images linked to them. It doesn't however mean that nfts would be sold as expensive tokens. They can represent anything like they do now represent liquidity positions in uniswap. That's a literal use case happening right now.
There's no future or not, there's no way that we could really be able to tell on where it would really be heading. It would really be always matter in the demand and recognition. Basing up on the current
condition of NFT's now on which it wasnt the same back into the previous years where they are really that making those pixelated images to cost up millions or hundreds of thousands.
Usually NFT now does have that kind of specific utility which is mostly been that applied by some projects which you would really be still having the option whether you would really be
purchasing it or not basing up on the utility that it gives which i would really say that it is really that more better in compared into those images which doesnt have any
utility at all. When it comes to future talks then there's no way that we could really be able to know on whats up ahead.


Title: Re: Where do you see NFTs heading in the future?
Post by: Wexnident on April 21, 2024, 11:02:09 PM
~
Idk, they seem like they'll forever be a niche market for me. A lot of the art in there is just stuff that people made to make a quick buck, with more effort spent on the marketing segment of things rather than the quality of the product itself. There are still some items there that are worth the price they're posted in, heck some are even underpriced compared to the damn thousands of dollar monkey jpegs people made back then.

There's other use cases for NFTs right now as well other than the art itself ofc, but again they're mostly focusing on marketing it instead of improving the product itself. I do believe with someone appreciating someone else's work though. I've seen quite a bit of quality NFTs in the past.


Title: Re: Where do you see NFTs heading in the future?
Post by: LogitechMouse on April 22, 2024, 01:13:05 PM
NFT has come a long way, some think NFTs are dead, but again some think NFTs is heading in a way that keeps them alive, I feel that second one is the most reasonable thing.
~
I think there's a market for selling photoshopped art or handmade arts, potentially at high prices. There will always be someone who appreciates your work. I do believe that NFTs aren't done yet – what are your thoughts?
Creating photoshopped art right now is very easy hence, the value of these will almost worthless and with the addition of AI, creating an art has never been easier.
I mean just a phrase of what you want to generate and *poof*, images will come out. If you're good at describing the picture you want, the better the outcome is. Save the picture, and sell it on Opensea. Just imagine how many people can do that? Everybody can do that and this is the reason why NFT's especially those JPEGs and JPGs will not have a significant value in the long run.

Based on my observation, I only see NFTs being used as a requirement for some airdrops for them to be eligible. You need to mint an NFT on their blockchain for a bit of money + fees, and that NFT will be used as a criteria for an investor to be eligible for an airdrop. Right now, that's the only use case that I'm seeing with these JPEGs and JPGs.

Overall, it's hard to predict where NFTs will be heading in the future. They might be sold for a lot or not because they don't have any value at all. No in between.


Title: Re: Where do you see NFTs heading in the future?
Post by: beerlover on April 23, 2024, 09:03:54 AM
NFT has come a long way, some think NFTs are dead, but again some think NFTs is heading in a way that keeps them alive, I feel that second one is the most reasonable thing.

It's not like NFTs are dead.. I know that some of you hate NFTs for them being too stupid. I agree that low quality NFTs shouldn't be listed as high price. Like what do you see in a stupid monkey art disguised as NFT haha..
Well moving on... I believe NFT can be good for artists, or example, I created a Photoshop piece featuring a house surrounded by haze and considered turning it into an NFT. Unfortunately, the fees on platforms like OpenSea and also Ethereum fees are quite high lol.
Absolutely nowhere as we have seen so far. We all know that NFT was a hype for a while, I remember clearly there were plenty of periods like ICO or IEO and all that, and all of them ended up being nothing, maybe a few stayed form those days and maybe a few NFT's would stay from these days as well, doesn't mean that it is going to be a forever thing, it is just not realistic.

I believe that we are going to end up with a much better result, we just need to arrange a situation that would be a little bit more sensitive. I hope that we could see that getting better, and eventually we will move to a better way in the future as well. I believe the best thing to do right now would be just focusing on how we could get a lot better.


Title: Re: Where do you see NFTs heading in the future?
Post by: GreatArkansas on April 23, 2024, 02:57:13 PM
The goal and purpose of NFT are really good especially if it is in cryptocurrency, it is really intended for it as we now becoming digital and powered by the internet.
It's more likely these kinds of projects are helping us to have a comfortable day-to-day life.

For me, NFT is still not dead. We are just early and there are still a lot of people don't know how to use it or not yet introduced to it.


Title: Re: Where do you see NFTs heading in the future?
Post by: justdimin on April 24, 2024, 10:23:34 AM
NFT has come a long way, some think NFTs are dead, but again some think NFTs is heading in a way that keeps them alive, I feel that second one is the most reasonable thing.

It's not like NFTs are dead.. I know that some of you hate NFTs for them being too stupid. I agree that low quality NFTs shouldn't be listed as high price. Like what do you see in a stupid monkey art disguised as NFT haha..
Well moving on... I believe NFT can be good for artists, or example, I created a Photoshop piece featuring a house surrounded by haze and considered turning it into an NFT. Unfortunately, the fees on platforms like OpenSea and also Ethereum fees are quite high lol.
Absolutely nowhere as we have seen so far. We all know that NFT was a hype for a while, I remember clearly there were plenty of periods like ICO or IEO and all that, and all of them ended up being nothing, maybe a few stayed form those days and maybe a few NFT's would stay from these days as well, doesn't mean that it is going to be a forever thing, it is just not realistic.

I believe that we are going to end up with a much better result, we just need to arrange a situation that would be a little bit more sensitive. I hope that we could see that getting better, and eventually we will move to a better way in the future as well. I believe the best thing to do right now would be just focusing on how we could get a lot better.
I agree with this, looking at the trends in the crypto world, we usually see stuff that are not always that great and end up with stuff that doesn't really benefit everyone. I believe that NFT will end up being one of those hyped trends and nothing more as well. I get that it may not be that easy to just stay away from it when you see so many people making money from it, but that is the way it is going to be and if you fail to stay away then you are only going to hurt yourself, it is much better to stay away from it as much as you can.

I personally stopped investing into it right at the bear market start, during early 2022, that meant that I haven't invested a dime into NFT world for more than two years now, and been happy about that decision.


Title: Re: Where do you see NFTs heading in the future?
Post by: Taskford on April 24, 2024, 11:15:50 AM
NFT has come a long way, some think NFTs are dead, but again some think NFTs is heading in a way that keeps them alive, I feel that second one is the most reasonable thing.

It's not like NFTs are dead.. I know that some of you hate NFTs for them being too stupid. I agree that low quality NFTs shouldn't be listed as high price. Like what do you see in a stupid monkey art disguised as NFT haha..
Well moving on... I believe NFT can be good for artists, or example, I created a Photoshop piece featuring a house surrounded by haze and considered turning it into an NFT. Unfortunately, the fees on platforms like OpenSea and also Ethereum fees are quite high lol.
Absolutely nowhere as we have seen so far. We all know that NFT was a hype for a while, I remember clearly there were plenty of periods like ICO or IEO and all that, and all of them ended up being nothing, maybe a few stayed form those days and maybe a few NFT's would stay from these days as well, doesn't mean that it is going to be a forever thing, it is just not realistic.

I believe that we are going to end up with a much better result, we just need to arrange a situation that would be a little bit more sensitive. I hope that we could see that getting better, and eventually we will move to a better way in the future as well. I believe the best thing to do right now would be just focusing on how we could get a lot better.

Most of those doesn't have usecase and some of NFT arts created are just display on our wallets so its expected once lots of investor are done with this projects it same with other technology introduce subsides down.
What we see on NFT scene now are same scams like what we see on ICO so provably if there's no revolutionary thing will happen maybe we can't see any future for it.

On gaming scene maybe there's some chances that it will excel but once a lot of scammers destroy the reputation of gamefi's then maybe we can expect a downfall of those projects and maybe no people will trust those new project will came in the scene.


Title: Re: Where do you see NFTs heading in the future?
Post by: Yatsan on April 24, 2024, 06:46:20 PM
Well, there are good NFT Projects to invest. However, it would be hard to determine which one would be lasting for a long period of time. There is a high volatility with small NFT projects. On my end, I tend to just flip the amount then target other projects than to stay into one and hold for years. Hype declines especially if there is a small community behind an NFT project and it would be safer to just take profit regardless of how much profit is, as long as there is profit. On the same extent, most of NFTs market prices are falling continuously in the long run. My personal opinion for this is because of communities sustaining the demand and prices of these artworks. If more people would acknowledge NFTs in this industry, then there is a higher tendency for these projects to grow. But as I've mentioned, not all are good for long term holding, so be careful on choosing one.


Title: Re: Where do you see NFTs heading in the future?
Post by: goaldigger on April 24, 2024, 09:22:16 PM
The goal and purpose of NFT are really good especially if it is in cryptocurrency, it is really intended for it as we now becoming digital and powered by the internet.
It's more likely these kinds of projects are helping us to have a comfortable day-to-day life.

For me, NFT is still not dead. We are just early and there are still a lot of people don't know how to use it or not yet introduced to it.
There’s a big potential and there’s a lot of good projects that are here to stay, maybe they are just struggling right now but sooner or later they will rise again. The hype might fade for NFTs but I see this as a temporary trend and we might see another surge for NFTs. They have to innovate more and prove that they are giving a good projects and services, if you are still into NFTs make sure you deal with the good projects.


Title: Re: Where do you see NFTs heading in the future?
Post by: terrific on April 24, 2024, 09:36:29 PM
I think there's a market for selling photoshopped art or handmade arts, potentially at high prices. There will always be someone who appreciates your work. I do believe that NFTs aren't done yet – what are your thoughts?
There is but this market is gonna become obsolete for a normal person. But if these arts, photos and things minted on the blockchain comes from a known personality or celebrity.
That market is for them, they will have no problem selling it because there will always be the fans that are willing to spend money for them and get to buy a stuff from them even in digital form.


Title: Re: Where do you see NFTs heading in the future?
Post by: Mate2237 on April 24, 2024, 09:37:52 PM
I don't know why, I don't normally like that NFT token or project from beginning. So when people were participating I was not interested to do any of their activities one day. And now it is not even popular like before again in the forum too. And in my location nobody is mentioning it name again. It's like a dead project in my area. All those things are part of the bitcoin ordinals that are causing this congestion and making the transaction fee very high.

People and friends have been telling me to participate in NFT but I refused because I don't like it. In the recent time I have not seen it in most of the exchanges.