🔴Defi meets NFT !!! After DEGO NFT hype now NFT is the new Trend 🔴

[Neolan]

It is unthinkable that NFT has taken a very big place at the moment after DEGO launched NFT.
I am not sure How many People know About NFT !!
NFT meaning is Non-Fungible Token. It's based on ERC-721 Blockchain.

A non-fungible token is a special type of cryptographic token which represents something unique.

Until a few days ago, people didn't pay much attention to it. They did not know what it was.

After DEGO NFT launched Many people Grabbed their NFT
Paying High Gas fees upto 50$.

I saw many people bought those Nft with high Price.

You may not believe that someone has bought "KRYPTONITE" NFT For 30 ETH From Opensea market
DIAMOND , PLATINUM also buy for 1 to 2 ETH
When NFT Program launched.

That's why I am saying this Dego meets NFT . In Future NFT is the biggest hype over Defi

[Wapinter]

It is unthinkable that NFT has taken a very big place at the moment after DEGO launched NFT.

I am not sure How many People know About NFT !!
NFT meaning is Non-Fungible Token. It's based on ERC-721 Blockchain.

A non-fungible token is a special type of cryptographic token which represents something unique.

Until a few days ago, people didn't pay much attention to it. They did not know what it was.

After DEGO NFT launched Many people Grabbed their NFT
Paying High Gas fees upto 50$.

I saw many people bought those Nft with high Price.

You may not believe that someone has bought "KRYPTONITE" NFT For 30 ETH From Opensea market
DIAMOND , PLATINUM also buy for 1 to 2 ETH
When NFT Program launched.

That's why I am saying this Dego meets NFT . In Future NFT is the biggest hype over Defi

Yes I kinda agree with you. NFT will soon see a big interest in coming days as soon as defi hype died

[_IRMAN]

Yes I kinda agree with you. NFT will soon see a big interest in coming days as soon as defi hype died

The hype of defi does not die just because of NFT, precisely if DeFi meets NFT it will make a very big collaboration, like what DEGO is doing today.

[jademaxsuy]

This is the first time I have read about NFT and made a quick search using google search engine and found this on https://cointelegraph.com/magazine/nonfungible-tokens/

Exciting use cases for non‑fungible tokens (NFTs) are cropping up all the time — and they’re even being touted as the future of the gaming industry, the art industry, and even in some cases the real estate business!

Another type of projects will then be created and will be successful. Hopefully we can see that this can make a good reputation and difference not like the ICO, STO, EIO and Defi project though some of them are quite successful. I am excited to see which project will grow and will become successful. Any NFT project to suggest or planning to make a promotion?

[Teraboy]

The price for DIAMOND and Platimun are going down as more people were dumping it. DEGO is also launching the new NFT that is not yet explained what will be the ability that owned by the new tool that has already mentioned in the degofinance.

People were also buying these tool caused by they can add more power to mine the crypto. It's just like playing a game too.
NFT will become the next trend for sure started from DEGO

[ryzaadit]

The case of NFT Dego, TBH the concept use-case for the NFT item from Dego nothing different with a virtual service. The different only you can sell the NFT item for mining Dego and there is no duration time for the item when virtual mining have some time for the hash power also we can't sell the hash power when NFT item from Dego can be sell.

I more like it when the NFT item from a collecting item like art virtual scanned from real-live and we destroy the art on real live so the art only on the internet/chain.

[optimisticcm]

NFT is a trend withim a trend so i do not think it will be as big or as hyped as the main defi trend plus we need to understamd that NFTs are not something everyone is familiar with and it will take time for the market to absorb NFTs so maybe we will see there real boom in mext 2 years and not right now.

[articlecity]

It is unthinkable that NFT has taken a very big place at the moment after DEGO launched NFT.
I am not sure How many People know About NFT !!
NFT meaning is Non-Fungible Token. It's based on ERC-721 Blockchain.

A non-fungible token is a special type of cryptographic token which represents something unique.

Until a few days ago, people didn't pay much attention to it. They did not know what it was.

After DEGO NFT launched Many people Grabbed their NFT
Paying High Gas fees upto 50$.

I saw many people bought those Nft with high Price.

You may not believe that someone has bought "KRYPTONITE" NFT For 30 ETH From Opensea market
DIAMOND , PLATINUM also buy for 1 to 2 ETH
When NFT Program launched.

That's why I am saying this Dego meets NFT . In Future NFT is the biggest hype over Defi

I really like Dego as an innovatibe defi project especially their deflationary model is impressive where each transfer or transaction of dego tokens results in cuts and that is burned reducing supply that means that the model is super bullish for long term. As far as NFTs are concerned i do not see much value in them at the moment and i will wait till i know more about them.

[Zeehaxan]

Chasing every trend is not the right thing to do because everything has a basic intrinsic value and if the prices are high just because of hype or other unnatural reasons then it is a highly risky thing to chase or invest into, personally i like to invest in deflated or undervalued projects and assets than investing and getting trapped in overvalued assets.

[Johnyz]

Yes I kinda agree with you. NFT will soon see a big interest in coming days as soon as defi hype died

The hype of defi does not die just because of NFT, precisely if DeFi meets NFT it will make a very big collaboration, like what DEGO is doing today.

We’ll see this one and if DEGO succeed then expect for this token to get more expensive. There’s a lot of development on-going with the other project and yes the hype on DeFi is still here maybe they are just waiting for the next cycle of pump because the DeFi project goes up again. The price of getting those NFT is quiet risky for me, especially if there’s no guarantee that I’ll received a higher value of NFT, anyway many dump their platinum and diamond already that makes it more cheaper.

[Kavelj22]

The price of getting those NFT is quiet risky for me, especially if there’s no guarantee that I’ll received a higher value of NFT, anyway many dump their platinum and diamond already that makes it more cheaper.

This is because all NFT tokens are with high price. A dump would be a desaster while a pump won't be that much higher. But not to forget that no big win without big risk.

[qazgroup]

At the moment NFT is not a stable sector in my view and i term it as a high risk investment also i would have loved if Dego would have focussed more on the defi stuff for now and maybe after establishing itself in defi space then introduced NFTs after maybe couple of months but maybe team wanted to capitalize on NFT trend that is why they jumped on it from the start now lets wait and see how it goes.

[irixo10]

I actually sensed that and yes the crypto space works or moves with trends and in each trend if actually found to be unique and have potentials it will lead a new growth and hype in the crypto space and vice versa. ICO model had its time and failed, IEO took over and did well but STO didn't because a good number of people didn't find the need to participate in it, so if NFT have something unique to offer, it will set in a new trend. DeFi on the other hand can be said to have done well, and although the prices of a good number of them are dumping badly yet somepeople can say they made profits, in the same way samething can happen with NFT.
DEGO have done a good work by starting the trend, it is now left for others to join up and contribute theirs and the game will start on a full note, but however since no one can actually predict the future, it will be hard saying NFT will be bigger than DeFi, who knows another might spring up and overtake it or it can be compared to the case of STO; let's keep our fingers crossed.

[JeffBrad12]

Well indeed, as of the moment it looks like it is not stable yet the same as how defi started. But we really don't know what will gonna happen if this really becomes the new trend. Though defi will not gonna end but will still continue.

The DEFI and NFT item/coin will never be stable as it depends on the supply and demand. Just take a look at how the price for each item in DEGO finance is going drop as more people earn the item and they will be going to sell it as soon as possible.
The defi trend will remain forever like ICO but maybe there will be some minor changes in the future like when there's a new ICO called IEO that has already done the minor changes from the ICO.
We will see whether people will be hyping the NFT trend or not. The climate in the market is changing very fast.

[SquirrelJulietGarden]

We will see whether people will be hyping the NFT trend or not. The climate in the market is changing very fast.

Scammers (I don't call them as developers) will create more forks from NFT like they did with Uniswap, YFI in the DeFi trend. People give scammers very easy opportunities to get success for their scam projects.

Follow scam trend, you can double your balance in one night but you can see your balance halves or falls 80 to 90% within one night. Vitally, you can get success in 5 or 8 decisions for each 10 decisions. The failed decisions (2 to 5) will steal all of your profits or worse eat up your orginal capital.

[Fatemablabla]

NFT hype is growing after Dego launched the NFT and used it as their airdrop rewards. If become more hyped when they launched the minning pools for NFT token.

I myself minning with 3 different NFT. 1 I collected from the Airdrop, other two I bought from two person. One silver and one platinum. I have been doing minning with this three pick axe for last 7days. And got 30+ Dego which is impressive.

If this goes like this NFT and Defi collaboration will be huge in upcoming days.

[QueenVera]

NFT isn't a new terminology in the cryptocurrencies community, I have been hearing about the concept right from the late 2019. It began marking waves even when the DeFi hype was at its peak that's the early 2020. Binance has done several launchpad project based on the NFT fundamentals. A popular example would be Sandbox that they finished few months back

The concept is unique but that doesn't mean the DeFi hype will die down. The industry is quite broad that it could be accommodated both trends. If the DeFi hype was to die so quickly people won't rush much into investing in it.

[rz20]

At the moment NFT is not a stable sector in my view and i term it as a high risk investment also i would have loved if Dego would have focussed more on the defi stuff for now and maybe after establishing itself in defi space then introduced NFTs after maybe couple of months but maybe team wanted to capitalize on NFT trend that is why they jumped on it from the start now lets wait and see how it goes.

NFT is the new emerging sector of crypto. Maybe they wanted to try something different by combining DeFi + NFT into one project? They are still a bit early in the DeFi+NFT space and, I think if they play their hands right in the future, they could set a new trend.

[FastSha]

Dego imho awesome educatable project to more understading what NFT is.
Its like a play in dandy console haha. But gas fee eat all profit.
Weekly halvings decrease profit too. The best way for me is hodl DEGO token)

[makishart]

Dego imho awesome educatable project to more understading what NFT is.
Its like a play in dandy console haha. But gas fee eat all profit.
Weekly halvings decrease profit too. The best way for me is hodl DEGO token)

I know that and the gas fees has made it is not worth to play that. Just remember about the new NFT will always coming and that means if people will be dumping the old one to buy the new tool.
I have seen so many people in my telegram group was in competition to get the new tool.
A better tool and a better reward they will get from their tool.

Exchange sites have started to take a look into this project.