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Author Topic: NFT are making more sense  (Read 345 times)
MFahad
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April 09, 2021, 09:32:12 AM
 #21

Note this is not a financial advice

NFT will be far more adopted than DeFi and yes I'm positive that it will be more successful than DeFi with the ways things are going right now, I'm no more hearing hypes about DeFi projects now and attentions have been shifted to NFT, do you think NFT are the real deal because the market cap of NFT will visibly surpass DeFi I believe, what do you have to say about this? Am I wrong or right in any way?

The scope of defi projects is big as compare to the NFTs however there is still a lot of integration to be done to connect the traditional finance with the decentralized finance. NFT on the other hand are easy to implement and we have seen already real world NFT being sold online. Although NFT seems to make more sense now a days but don't forget the defi will be big once it will be implemented.









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April 09, 2021, 09:38:06 AM
 #22

NFT will bring huge disaster to many in near future because they are too overpriced and many of them are less useful, they are created of nothing but useless hypes, the only useful NFT I know are in gaming NFT projects

Some people are buying expensive tweets NFTs and others are buying unique paintings NFT at very high prices. Maybe they will not feel this as a loss because these are those people who have a lot of money and they can afford to keep these unique items with them. However, i don't think anyone is buying expensive NFT to sell it at more higher prices.
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April 09, 2021, 10:48:55 AM
 #23

Note this is not a financial advice

NFT will be far more adopted than DeFi and yes I'm positive that it will be more successful than DeFi with the ways things are going right now, I'm no more hearing hypes about DeFi projects now and attentions have been shifted to NFT, do you think NFT are the real deal because the market cap of NFT will visibly surpass DeFi I believe, what do you have to say about this? Am I wrong or right in any way?

You are wrong. Just because there isn't any hype about something, doesn't mean it's still not active.
DeFi has proven to be the future of finance, and NFT's can't surpass that. Thing is, NFT's are now used in a silly manner, and have yet to unlock their full potential.
But again, that potential will be strongly linked with DeFi
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April 09, 2021, 11:05:13 AM
 #24

NFT will bring huge disaster to many in near future because they are too overpriced and many of them are less useful, they are created of nothing but useless hypes, the only useful NFT I know are in gaming NFT projects

I am not sure that if the NFT becomes popular, I only think about the scammers that will come back to the crypto and scam people like before. That is what I am worried about and if people get in their trap, that can make the crypto bad for the new people. I do not want to compare between NFT and DeFi because that project is different, although no matter if that is NFT or DeFi, people's chance to get scam will be the same. But the DeFi trend still exists in the crypto, and maybe NFT needs time to explore.

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April 09, 2021, 02:11:43 PM
 #25

Note this is not a financial advice

NFT will be far more adopted than DeFi and yes I'm positive that it will be more successful than DeFi with the ways things are going right now, I'm no more hearing hypes about DeFi projects now and attentions have been shifted to NFT, do you think NFT are the real deal because the market cap of NFT will visibly surpass DeFi I believe, what do you have to say about this? Am I wrong or right in any way?
1) Every altcoin is shitcoin because they are almost coins created to enrich the owner's pouch and most of the altcoin creators are those that missed the early adoption of Bitcoin and what they are doing is creating their own bag of Bitcoin through your investment in their project.
2) The creation of tokens, Defi and NFT still emulate the same ideas and what they are doing is the changing of names.
The hype of both Defi, NFT will end sooner or later.

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April 09, 2021, 02:58:57 PM
 #26

I think DEFI and NFT's are 100% will be hyped even more
bought some more peak cuz found out about coming NFT in September and OKEx listing this month
I'm soooo pumped about NFT Grin
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April 09, 2021, 04:10:42 PM
 #27

There so many people with varying opinion. For me I will just wait what will happen in the future whether DEFI or NFT become more popular then the others. I will buy the most popular one in the future because I made it my motto to never buy unpopulat one.
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April 09, 2021, 06:01:21 PM
 #28

Yes, NFTs are going to become a huge success in crypto market, however I don't think DeFi is going to lose its importance, as it's not solely a hype, but a way to invest and deal with money without depending on middlemen, only in blockchain smart contracts. Actually NFTs and DeFi can work very well together and I'm sure some developers are going to work this way.

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April 10, 2021, 02:35:35 PM
 #29

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April 10, 2021, 03:22:24 PM
 #30

Yes, NFTs are going to become a huge success in crypto market, however I don't think DeFi is going to lose its importance, as it's not solely a hype, but a way to invest and deal with money without depending on middlemen, only in blockchain smart contracts. Actually NFTs and DeFi can work very well together and I'm sure some developers are going to work this way.
I share your thinking I think they will work well in the future. Both are going to be big spaces and a lot of money will flow in with the time. I'm really paying close attentions on some NFT projects.
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April 10, 2021, 06:50:15 PM
 #31

I will be buying PEAK NFT's in September Tongue Roll Eyes
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April 11, 2021, 01:52:24 AM
 #32

NFT seems to be a very young investing section where most likely much improvement is needed.
Because it doesn't seem professional right now.
Everyone is doing a NFT but not very professional.

Only few professional projects exist, like Axie Infinity and Decentraland where it's likely to be sustainable, But so many NFT will be forgotten soon.
But if someone can make NFT more professional, it's an interesting section of investment.
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April 11, 2021, 04:03:33 AM
 #33

I might agree with you because if we look close to DeFi, just like its title, it's just limited to the finance field, while NFT has a wider use case. You can use it simply as digital art, digital treasure, digital unique item, etc in such fields as game, arts, industry, even finance so I believe NFT could be adopted larger than DeFi would. However, each of them will have its own demand. Not a little that still see NFT as a bubble and useless project without analyzing the project itself. But, seriously guys don't generalized all NFTs projects, just like other projects you need to dig deeper about the utility of them.

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April 11, 2021, 08:55:26 AM
 #34

Most NFT are based on hype so be careful when looking for one to invest money on, almost everyone outside of blockchain wants to create their own NFT, why? Simply to make money 🤑🤑 think twice and go for NFT that no doubt have good use case and great team not some random mcdonald NFT wannabes

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April 11, 2021, 09:56:14 AM
 #35

NFT will be far more adopted than DeFi and yes I'm positive that it will be more successful than DeFi with the ways things are going right now, I'm no more hearing hypes about DeFi projects now and attentions have been shifted to NFT, do you think NFT are the real deal because the market cap of NFT will visibly surpass DeFi I believe, what do you have to say about this? Am I wrong or right in any way?
The problem with the statement OP made is that he said NFT will make more sense than DEFI and it will be more successful as well but the reality is that they are not competitors or different things. NFT is just a decentralized art type of deal, you own it and it is yours and it is on blockchain that we know it is yours and that's it, and defi is just the token version of it instead of token, instead of owning CAKE token you own CAKE shaped art, that is the only difference.

So there is really no "better" in that, it is just two different things that are quite similar and that is about it, I believe none of them will be better or worse than each other, it will be close. No idea why NFT became this popular, I still do not see any point in owning art and paying this much for it, but in fiat world people do own art as well so who am I to judge what people are doing.

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April 11, 2021, 10:03:18 AM
 #36

NFT will be far more adopted than DeFi and yes I'm positive that it will be more successful than DeFi with the ways things are going right now, I'm no more hearing hypes about DeFi projects now and attentions have been shifted to NFT, do you think NFT are the real deal because the market cap of NFT will visibly surpass DeFi I believe, what do you have to say about this? Am I wrong or right in any way?
The problem with the statement OP made is that he said NFT will make more sense than DEFI and it will be more successful as well but the reality is that they are not competitors or different things. NFT is just a decentralized art type of deal, you own it and it is yours and it is on blockchain that we know it is yours and that's it, and defi is just the token version of it instead of token, instead of owning CAKE token you own CAKE shaped art, that is the only difference.

So there is really no "better" in that, it is just two different things that are quite similar and that is about it, I believe none of them will be better or worse than each other, it will be close. No idea why NFT became this popular, I still do not see any point in owning art and paying this much for it, but in fiat world people do own art as well so who am I to judge what people are doing.
I don't think you understand the full potential of NFT, forget the ART side because that doesn't make much sense to me either but the gaming side of NFT rocks, I'm telling you do research on this part and you will understand it's possibility, in-game NFT is the best
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April 11, 2021, 11:50:50 AM
 #37

This is just getting interesting as the day passes by and the news and things having being reading about NFT. Though will be just be a short term craze and then the dip happens quite possible. On other hand thinking just if it becomes big like bitcoin market which initially was small and nobody believed much but now the result is in front. So better to grab the opportunity.

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April 12, 2021, 01:44:56 PM
 #38

NFT will be far more adopted than DeFi and yes I'm positive that it will be more successful than DeFi with the ways things are going right now, I'm no more hearing hypes about DeFi projects now and attentions have been shifted to NFT, do you think NFT are the real deal because the market cap of NFT will visibly surpass DeFi I believe, what do you have to say about this? Am I wrong or right in any way?
Lol I am also not surprised that you all are trying to start this conversation again. Same conversation that we were all having when the defi came out and some people were saying that Defi is the best, now the wave is done and it’s silently going away, now we have NFT’s, and as usual I expect people to come out and start hyping this one again and that’s what is about to start happening now. They are going to be hyping NFT like there is not going to be another one that will come out tomorrow and replace it.

NFT is trending and of course it is likely to grow bigger than Defi, because that one has already shifted and no one is talking about them, but that doesn’t it’s mean over and NFT will remain the number one, nah, it’s still going to be replaced by another project another time. None of these things are going to staying permanent, they come in and after sometime the wave is done.

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April 12, 2021, 02:00:09 PM
 #39

NFT will be far more adopted than DeFi and yes I'm positive that it will be more successful than DeFi with the ways things are going right now, I'm no more hearing hypes about DeFi projects now and attentions have been shifted to NFT, do you think NFT are the real deal because the market cap of NFT will visibly surpass DeFi I believe, what do you have to say about this? Am I wrong or right in any way?
Lol I am also not surprised that you all are trying to start this conversation again. Same conversation that we were all having when the defi came out and some people were saying that Defi is the best, now the wave is done and it’s silently going away, now we have NFT’s, and as usual I expect people to come out and start hyping this one again and that’s what is about to start happening now. They are going to be hyping NFT like there is not going to be another one that will come out tomorrow and replace it.

NFT is trending and of course it is likely to grow bigger than Defi, because that one has already shifted and no one is talking about them, but that doesn’t it’s mean over and NFT will remain the number one, nah, it’s still going to be replaced by another project another time. None of these things are going to staying permanent, they come in and after sometime the wave is done.
I think there is space for both of them. There is use for both so I don't think there should be such conversations. NFTs are better for investment now cause of hype but that's only at the moment.
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April 12, 2021, 02:15:25 PM
 #40

Note this is not a financial advice

NFT will be far more adopted than DeFi and yes I'm positive that it will be more successful than DeFi with the ways things are going right now, I'm no more hearing hypes about DeFi projects now and attentions have been shifted to NFT, do you think NFT are the real deal because the market cap of NFT will visibly surpass DeFi I believe, what do you have to say about this? Am I wrong or right in any way?
Yes i agree with you i have some invest of Update NFT project CHZ i think now time to invest Defi project.so anybody can invest their i want to invest again if i get chance to invest.i will suggest every one CHZ have lots of update on 30 April so any one can invest and can get profit from Defi project.

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