the next bubble? NFT!

[bitbollo]

Ok NFTs are nice and fun and we have seen a growth during the last months/years.
but the market has no limit, and prices are out of any logic!
I am not sure if all of these items sold for thousands and thousands of USD will have the same high value after 5-10 years.

Take as example CryptoKitties, most of them have literally no value despite were sold or created for "real" money.
Most of users have tons of kitties that have no interest or value....

What are your thoughts about NFTs?

[killerkeemstar]

It's difficult to gauge although think about it, the majority of CryptoKitties are sold at a loss and have essentially zero market value. Even though one of them technically did sell for over $100,000 what is the chance that's reproducible?

It seems to me like collectable pokemon cards, where although you have a few extremely high value one's for either rarity or special circumstances, when averaged out, even these astronomical values don't have much of an impact to make it a worthwhile market.

As for other NFTs, it will be successful if the technology is used in a natural way where it is the most optimal way to manage the service. Otherwise, it will simply be a gimmick.

I am not sure if all of these items sold for thousands and thousands of USD will have the same high value after 5-10 years.

I would argue it's highly unlikely as there's very little cultural meaning or artistic value, and trying to play the NFT market at least currently is playing the lottery and heavily not worth the time.

[MuffinMaster]

Ok NFTs are nice and fun and we have seen a growth during the last months/years.
but the market has no limit, and prices are out of any logic!
I am not sure if all of these items sold for thousands and thousands of USD will have the same high value after 5-10 years.

Take as example CryptoKitties, most of them have literally no value despite were sold or created for "real" money.
Most of users have tons of kitties that have no interest or value....

What are your thoughts about NFTs?

In the moment when I read what you wrote about the fact that people have tons of CryptoKitties and that it have no value, I remembered that a few years ago it was the same with Dogecoin. It is not known what value any NFT will have in a few years. I think the NFT bubble is very likely, same as Dogecoin bubble happened few weeks ago.

[Wahyuihib]

anything can happen in a trade, and you can't know when the alt will increase. The NFT can be invaluable when it comes to influencing people. like Elon Musk did to give fantastic value to the DOGE coin some time ago ..

[malcovi2]

Tons of worthless NFT out there some of these companies will sell you overpriced items and you will end up trying to find a buyer for it.
Tons of gaming companies are making crappy games to make a quick buck from people that are very new or has a little knowledge in the space of the NFT market.

Don't get baited out for those NFT that are being bidded in opensea market some of those are fake bids.

who the hells buys a crappy art..

https://opensea.io/assets/0x7cda0da532827732cf326b957ef894b3d22d1f6a/10

there are tons of these been sold, im just too bored to list the other links.

[speedforce]

Ok NFTs are nice and fun and we have seen a growth during the last months/years.
but the market has no limit, and prices are out of any logic!
I am not sure if all of these items sold for thousands and thousands of USD will have the same high value after 5-10 years.

Take as example CryptoKitties, most of them have literally no value despite were sold or created for "real" money.
Most of users have tons of kitties that have no interest or value....

What are your thoughts about NFTs?

NFT is not priced on fundamentals since its different than a coin, so its hard to predict the future price of it.
Some crazy people just could buy it on higher price if they interested on it.

[Anonylz]

Ok NFTs are nice and fun and we have seen a growth during the last months/years.
but the market has no limit, and prices are out of any logic!
I am not sure if all of these items sold for thousands and thousands of USD will have the same high value after 5-10 years.

Take as example CryptoKitties, most of them have literally no value despite were sold or created for "real" money.
Most of users have tons of kitties that have no interest or value....

What are your thoughts about NFTs?

You are correct with the above bolded statement, who really knows in the next 5 - 10 years to come what trend will be in vogue and by then if nft value will remain, increase or even drop drastically, as much as i like the new ntf trend, i don't support the idea of spending so much money on it, i think most of this nft's are just unnecessary overhyped, what they offer does not match the actual value, but some people don't seem to care, perhaps they feel those arts are priceless.

[ivankoh]

Ok NFTs are nice and fun and we have seen a growth during the last months/years.
but the market has no limit, and prices are out of any logic!
I am not sure if all of these items sold for thousands and thousands of USD will have the same high value after 5-10 years.

Take as example CryptoKitties, most of them have literally no value despite were sold or created for "real" money.
Most of users have tons of kitties that have no interest or value....

What are your thoughts about NFTs?

NFT is not priced on fundamentals since its different than a coin, so its hard to predict the future price of it.
Some crazy people just could buy it on higher price if they interested on it.

Agree with this.  NFT is a birth, it has an abstract meaning and has more of a creative meaning than a preeminent coin.  The main reasons the NFT theme is so appealing is that it's still rare and comes with a lot of exaggeration, which doesn't mean the value will reflect or value it.  In addition to the fact, there are many works that are just a photograph taken and sold for millions of dollars.... Things in museums are bigger.  The value of a work of art is macro, lies in the meaning in terms of ideology, truth.... NFT has just begun, so we still hope it will continue to develop.

[Silberman]

Ok NFTs are nice and fun and we have seen a growth during the last months/years.
but the market has no limit, and prices are out of any logic!
I am not sure if all of these items sold for thousands and thousands of USD will have the same high value after 5-10 years.

Take as example CryptoKitties, most of them have literally no value despite were sold or created for "real" money.
Most of users have tons of kitties that have no interest or value....

What are your thoughts about NFTs?

The market is out of control that is what I think about it, I think the concept of NFTs makes sense and it could be useful in the future as it is difficult to claim ownership of a digital file and claim it is the original one when you can make perfect copies of it in less than a second, so I think the concept is novel and it could have an impact in the future, but things are out of control with people selling and buying all kind of NFTs that will hold no value during the next years and that give you no real ownership of the digital asset.

[MrcMrc]

So many defi projects are now focussing more on NFT development as everyone likes to take advantage of the latest market craze, a meme coin can boom in the market at any point giving its holders profits up to 40x e.g hex token recently did a bubble-like movement.

[o48o]

Ok NFTs are nice and fun and we have seen a growth during the last months/years.
but the market has no limit, and prices are out of any logic!
I am not sure if all of these items sold for thousands and thousands of USD will have the same high value after 5-10 years.

Take as example CryptoKitties, most of them have literally no value despite were sold or created for "real" money.
Most of users have tons of kitties that have no interest or value....

What are your thoughts about NFTs?

As a tech it has ton of potential, but current usecases are rather silly and collectables overpriced. Then again, some of them might have value later on even if they are silly. They are not really my thing though because i hate the lack of liquidity and if in hurry, you can't really get rid of collectables with a decent price but you have to sell them with huge discount.

[tokeweed]

^  Yup..  I’ve been looking into this after seeing AXS pump at Binance just a month ago.  So I thought gaming with tokens stored in the blockchain and tradeable, cool..  I went to the site and I’m like..  each little character to play the game costs an average of 300 USD..?  The game is pricing itself out.  

[rhomelmabini]

So many defi projects are now focussing more on NFT development as everyone likes to take advantage of the latest market craze, a meme coin can boom in the market at any point giving its holders profits up to 40x e.g hex token recently did a bubble-like movement.

Well, they need to FOMO because if they do they can make sums of profit even they just create some copy pasta projects. That HEX token was just a shitcoin after all and that's not surprising. Most of these meme coins will surely be gone in a year from now, only few will thrive but NFT has more and serious potential.

^  Yup..  I’ve been looking into this after seeing AXS pump at Binance just a month ago.  So I thought gaming with tokens stored in the blockchain and tradeable, cool..  I went to the site and I’m like..  each little character to play the game costs an average of 300 USD..?  The game is pricing itself out.   

It's quite pricey and the thing that's everyone is hyped for is the can earn with SLP and good thing is that they already own it but most just into FOMO I suppose. They should know that it's still having the volatility feature as it's still cryptocurrency and it's on some centralized exchanges that's more prone to sume p&d but I guess Axie will thrive in the gaming category for an NFT, the game was fun indeed.

[aditasetia123]

Ok NFTs are nice and fun and we have seen a growth during the last months/years.
but the market has no limit, and prices are out of any logic!
I am not sure if all of these items sold for thousands and thousands of USD will have the same high value after 5-10 years.

Take as example CryptoKitties, most of them have literally no value despite were sold or created for "real" money.
Most of users have tons of kitties that have no interest or value....

What are your thoughts about NFTs?

NFT is not priced on fundamentals since its different than a coin, so its hard to predict the future price of it.
Some crazy people just could buy it on higher price if they interested on it.

it have no price if i said, NFT price was so dark and could not guessed depend on how crazy buyer is. If we met crazy buyer on NFT product maybe we will gonna see millions dollar again for a single card. As unique art in blockchain, NFT have good future if more artist join in this space. their artwork will not duplicate cause their nft will have unique value that could not duplicate.

[roosbit]

I don't understand how the NFT ecosystem  works,  do you like get tokens to represent them or these are web based and if I want to see some of your art , I need to have the crypto key to see it?

So many defi projects are now focussing more on NFT development as everyone likes to take advantage of the latest market craze

Defi for me is still the best and afaik they are bigger,better than NFTs too. NFTs could be new but not a lot of users know or use them as compared to Defi assets.

a meme coin can boom in the market at any point giving its holders profits up to 40x e.g hex token recently did a bubble-like movement.

Meme coins are being relevant because of Musk,once his done with his dogecoin tweets these won't hold.

[molsewid]

It's quite pricey and the thing that's everyone is hyped for is the can earn with SLP and good thing is that they already own it but most just into FOMO I suppose. They should know that it's still having the volatility feature as it's still cryptocurrency and it's on some centralized exchanges that's more prone to sume p&d but I guess Axie will thrive in the gaming category for an NFT, the game was fun indeed.

This NFT based game axie was created 3 years ago but today this nft game went craze here in my country. I, myself played this game too as scholar as what they called for a player played a team which is not yours and through this game I earn SLP which is enough already to have a daily income. I am dreaming to have my own team too but the cost for a team is quite expensive, this game is quite fun indeed lets add the benefits that you are earning while playing. But yes the volatility of the market still affects your daily or bi-weekly income but all I can say is this nft game is a game changer.

[tokeweed]

^  Interesting...  So how much SLP do you earn in a day if you convert it to USD?  I see there’s a market for it in Binance with decent liquidity. 

And are there other games out there that’s same as Axie but cheaper?  Thinking about funding a couple of little rascals I know who might like it.  Lol. 

[sana54210]

Ok NFTs are nice and fun and we have seen a growth during the last months/years.
but the market has no limit, and prices are out of any logic!
I am not sure if all of these items sold for thousands and thousands of USD will have the same high value after 5-10 years.

Take as example CryptoKitties, most of them have literally no value despite were sold or created for "real" money.
Most of users have tons of kitties that have no interest or value....

I honestly believe that you need to have a reason to buy NFT and that is what Kitties were missing. They tried something like kitty fight or something later on if I am not wrong, they tried some reasons, but just the "collectible" idea is not good enough, it will eventually always die down and not worth anything at all.

At the end of the day, we are talking about something that is quite expensive, today if you want to swap a token that you never swapped before with the accept thingy and the swap itself the gas fee could cost as much as 15 dollars, of course each time after that is 1-2 dollars but still, to get in you need to spend so much money. I personally do not see myself spending that much to start on just "collectible" stuff. However, these days gaming became a lot bigger and I feel like maybe we could actually see that part of the NFT world grow quite big.

[Sirait]

Ok NFTs are nice and fun and we have seen a growth during the last months/years.
but the market has no limit, and prices are out of any logic!
I am not sure if all of these items sold for thousands and thousands of USD will have the same high value after 5-10 years.

Take as example CryptoKitties, most of them have literally no value despite were sold or created for "real" money.
Most of users have tons of kitties that have no interest or value....

What are your thoughts about NFTs?

surely the euphoria of crypto-based nft games will end but for now, you can maximize it. I played in my defi pet, cryptoblade and axie infinity, I am ready for the possibility of things that will happen and believe all three are not bubbles.

[DrearyUrbanite]

Ok NFTs are nice and fun and we have seen a growth during the last months/years.
but the market has no limit, and prices are out of any logic!
I am not sure if all of these items sold for thousands and thousands of USD will have the same high value after 5-10 years.

Take as example CryptoKitties, most of them have literally no value despite were sold or created for "real" money.
Most of users have tons of kitties that have no interest or value....

I honestly believe that you need to have a reason to buy NFT and that is what Kitties were missing. They tried something like kitty fight or something later on if I am not wrong, they tried some reasons, but just the "collectible" idea is not good enough, it will eventually always die down and not worth anything at all.

At the end of the day, we are talking about something that is quite expensive, today if you want to swap a token that you never swapped before with the accept thingy and the swap itself the gas fee could cost as much as 15 dollars, of course each time after that is 1-2 dollars but still, to get in you need to spend so much money. I personally do not see myself spending that much to start on just "collectible" stuff. However, these days gaming became a lot bigger and I feel like maybe we could actually see that part of the NFT world grow quite big.

But why did Pokémon work? I have no idea about Pokémon and what you can do with it, but it did work as a collectible. Or these figures from those chocolate eggs work as well as collectibles. Anyway, NFTs can also be applied to art and songs. What if you buy the NFT from an unknown singer that you think will one day go through the roof? I think it could lead to talent search, NFT markets would be the platform for people to browse through trying to find the next superstar buying a piece of his song or painting.