NFT is an interesting space

[coingecko]

Non-Fungible Tokens (NFTs) has been under the radar for the longest time, other than when cryptokitties jammed the Ethereum network.

The initial impression of NFTs is just a nice to have collectible, but if you look deep enough NFT can actually lead the industry a long way.

The most interesting concept of NFT at the moment is in the traditional gaming industry, all the characters, items, skins, equipments and skills you own in one game can only be used within that game itself.
But with NFT, all these collections that you have could potentially be transferable and usable in other games as well. One significant difference is the money you spent in one game will not go to waste, while the other risk that are taken off is if the game developers does not want to support the game anymore, your collections can still be used in other games.

At the moment, gaming is the largest potential for NFT, but lets not exclude any possibilities of it being used in other industries.

[1714900716]

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[pangu]

NFT Market Projected to Reach $315 Million in 2020:
https://sludgefeed.com/nft-market-projected-to-reach-315-million-in-2020/

[onko]

Please take the time to check out collectible NFT series “Metheropolis" ! 


21 metropolis are now in your wallet. And it's all only 1 of 1. 🌎🖼️

https://rarible.com/biyart

[Tipstar]

Yeah it's going to be the next great thing for crypto but it is also creating some unfortunate overhype. It's a good use of blockchain but it's not the solution to everything. Just like the last Defi hype, NFT projects are now rising up and most of them don't even have any idea about how they'll make it work. There are a few that are promising and people should choose carefully before investing in one.

[paxmao]

One of the important aspect of using NFT in gaming items is that it enables:

a) A market that is efficient, quick, cheap and accessible. Previous solutions like portals or "second hand" use were very inefficient, often had excessive fees and were not widely accesible.

b) A trust-tless mechanism of verification and automated transaction. No need to relay on the reputation or good faith of the others.

These are the improvements that really mark the NFT as a great solution.

[Asuspawer09]

We really can't underestimate the NFT at this time, I remember visiting cryptokitties  in the past years and I just can't see how it is going to work  .

I mean paying for a sticker or a character or something and then holding it for a long time until it increases its marketvalue, I cant see how it is going to work in the future.

But now NFT is just hot right now, even NFT tokens in the market are skyrocketing, NFT is being sold for hundreds to thousands of dollars are this moment and it's a great success.

[blockman]

Wow, so it was posted by coingecko 2 years ago and no one has listened to him. The craze for NFT today is on and there's massive money that's on it today.
One NFT can cost more than a million and that's what I see most of the time on the news and many are still not yet on it including me.

[JooBra]

The NFT is next big thing in crypto. We can easy say 2021 will be NFTs era. With a lot of stuff happening in world it's a really good time for the. ENJ and RARI already had big rise and they will keep growing.

[Bitstar_coin]

Am pretty sure soon NFT will be very  popular in the coming months,  however,  just like the way the popularity will be huge so will be the scam projects that will take advantage of the situation.

[Renampun]

Non-Fungible Tokens (NFTs) has been under the radar for the longest time, other than when cryptokitties jammed the Ethereum network.

The initial impression of NFTs is just a nice to have collectible, but if you look deep enough NFT can actually lead the industry a long way.

The most interesting concept of NFT at the moment is in the traditional gaming industry, all the characters, items, skins, equipments and skills you own in one game can only be used within that game itself.
But with NFT, all these collections that you have could potentially be transferable and usable in other games as well. One significant difference is the money you spent in one game will not go to waste, while the other risk that are taken off is if the game developers does not want to support the game anymore, your collections can still be used in other games.

At the moment, gaming is the largest potential for NFT, but lets not exclude any possibilities of it being used in other industries.

I thought I was a little late finding out what an NFT is and what it does 'lol'...
The concept is of course interesting and really the gaming market is very broad, so the potential for NFT to become a new trend is huge, especially with the increasing number of public figures campaigning for NFT like Elon's wife.

[WalkerIVIV]

Am pretty sure soon NFT will be very  popular in the coming months,  however,  just like the way the popularity will be huge so will be the scam projects that will take advantage of the situation.

NFT already popular right now dude and did you see the latest news about how so many people are very interesting with NFT? some nft became valuable and more entities will try to use NFT as a way to sale the rare asset. I don't think scammer can take the advantage from this trend consider the only NFT that being issued by the trusted entity will be very valuable.
To sell NFT is not so easy like you are creating scam token dude

[bbc.reporter]

The NFT is next big thing in crypto. We can easy say 2021 will be NFTs era. With a lot of stuff happening in world it's a really good time for the. ENJ and RARI already had big rise and they will keep growing.

I have a riddle for the next big thing in crypto. If the blockchain where the sold NFT was forked and the fork became the dominant chain then which chain does the real ownership belong? The original chain or the fork?

[3trix]

We've been saying this for more than 2yrs now

[Johnyz]

Am pretty sure soon NFT will be very  popular in the coming months,  however,  just like the way the popularity will be huge so will be the scam projects that will take advantage of the situation.

Scammers will always be there but of course if you're selling an art or something, its quiet not possible to get scammed since you're selling at item and you received the money first before you release the item. Scam will just happen if you're dealing on a suspicious site, which I don't suggest. There's a lot of good NFT project today, and I can say that Rarible are the most friendly for the newbies.

[LogitechMouse]

OP has been posted this thread for 2 years and yet many ignored it.

Now this thread has been awaken again just because NFT's are becoming mainstream this year. Its been 2 years since NFT's first exists and it just became popular now. Nobody expected this to happen and in my part, I didn't expect it to happen but I'm just happy that I held my ENJ tokens that I bought 2019 . Not that huge but I bought it since I'm really fond of playing games and since this is a gaming token so at least I show my support thru buying the token. Now I'm happy with my profits.

There are many types of NFT but the most popular ones are the digital arts. Digital Cards too are considered NFT's (Example are those in NBA Topshot which is becoming popular right now) and Blockchain based games are considered NFT too (like the items in Lost Relics which is I'm currently playing right now).

[FairUser]

OP has been posted this thread for 2 years and yet many ignored it.

Now this thread has been awaken again just because NFT's are becoming mainstream this year. Its been 2 years since NFT's first exists and it just became popular now. Nobody expected this to happen and in my part, I didn't expect it to happen but I'm just happy that I held my ENJ tokens that I bought 2019 . Not that huge but I bought it since I'm really fond of playing games and since this is a gaming token so at least I show my support thru buying the token. Now I'm happy with my profits.

There are many types of NFT but the most popular ones are the digital arts. Digital Cards too are considered NFT's (Example are those in NBA Topshot which is becoming popular right now) and Blockchain based games are considered NFT too (like the items in Lost Relics which is I'm currently playing right now).

Well, certainly if I were at that time I would have missed this article as well because I think it is like a way of showing blockchain energy to real life. But remember where the market is two years old, we still have to go through every day to research these, I don't know how things like Cryptokitties make the market fun. And NFT is really a new trend for projects to develop, this is exactly an application from defi.

[ethereumhunter]

I wonder if NFT is the next big thing on the crypto market because I see that this NFT is trying to take attention for the investor to look at the project and invest in that project. But if NFT is the next trend on the crypto market, maybe we can check on the project of NFT, and if the project can give us more profit, we can invest in the project. Still, I think the NFT trend will not happen in the long term as the previous trend. But we do not know what will happen, and who knows, NFT can be our way to make a profit.

[killerfrost]

When I look at NFT products recently and get an unbelievable auction, I feel that the future will be really exciting, looking back to see recently that the projects focus on this area a lot, I have Some of my NFTs and I love it.

[yurez]

Wow, so it was posted by coingecko 2 years ago and no one has listened to him. The craze for NFT today is on and there's massive money that's on it today.
One NFT can cost more than a million and that's what I see most of the time on the news and many are still not yet on it including me.

Every time we will see a hype blowing around and i have no idea about how long these hype will last. I always felt that we are seeing new names but basically the concept the same, to create the hype so that the market would rally and then the developers would cash in and make millions of dollars.

I will not spent millions of dollars for a digital art and hence i will not understand similar concepts.

The value of an NFT work is determined to a greater extent by the number and quality of people who are willing to buy it or the profit that can theoretically be obtained from it. I think NFT is a temporary hype and just a candy wrapper that gives you a sense of ownership and nothing else. At this stage, it is possible to earn money on this, but the more hype around NFT, the more work floods platforms and auctions, oversaturation of the NFT market in the future.

[mu_enrico]

Holyshit, look at the OP post date! When ordinary people don't know about NFT, Coingecko already predicts NFT hype and its broad application (not only about collectibles). IMO, NFT without a purpose/utility or in-game perks is a waste of time. Real-world collectibles still have intrinsic/material value, unlike crypto kitties or whatever.