Are you still on NFT's?

[steampunkz]

I have read the news that NFT Sales Slump by 90% sales this month, Over these previous months it's been declining, Is this a sign that it's already dying? or it's just a method to gain and become durable and scalable for the long term? What do you think?

[shinratensei_]

It's the same as the previous trend. It gains hype but after a few months of running and people have been starting to feel bored with it. that's why NFT sales going down so hard at this moment and i can say that we are heading to the end of NFT trend. You can see the history of defi and various trends in the crypto and these have the same cycle as the NFT trend.
The trend will not last forever.

[masulum]

I don't think NFT is dead, indeed the hype is dropping. However, NFT has good potential for creators and developers. Because, for an NFT image for example, it will have intellectual rights that no one can change it, we know, when we upload the NFT to the blockchain, we will have a timestamp, this way creators can dispute easily when there is plagiarism. I think it's much better than metadata which can still be tweaked sometimes. Even though it is currently in decline, I believe NFT is one part of the blockchain that will never die.

[Kemarit]

I have read the news that NFT Sales Slump by 90% sales this month, Over these previous months it's been declining, Is this a sign that it's already dying? or it's just a method to gain and become durable and scalable for the long term? What do you think?

That's define what the market is right now, there are hype and then it died down just like what we are seeing in NFT. Of course proponents of it will try to salvage everything and will still promote and support NFT's no matter what. And if they can think of another marketing tool to bring back the hype then why not? Maybe it will not die, it will just evolved again and again to remain relevant in the market. Just like the rest of the top cryptos, and that is the key for NFT.

[Balladtony77]

I have read the news that NFT Sales Slump by 90% sales this month, Over these previous months it's been declining, Is this a sign that it's already dying? or it's just a method to gain and become durable and scalable for the long term? What do you think?

You expect all NFT projects to perform the same way? That's impossible there are some NFT projects that aren't that good at all so they have less demand on them but we have few good NFT projects that have huge demand too

[FairUser]

Are you still on NFT's?

of course

I have read the news that NFT Sales Slump by 90% sales this month, Over these previous months it's been declining, Is this a sign that it's already dying? or it's just a method to gain and become durable and scalable for the long term? What do you think?

I don't think the hype about it will stop, and maybe this trend will continue to grow stronger in many other and newer areas.

What's interesting? I think, is that like so many other trends, if it's worth using, people will continue to develop and exploit the product it creates.

[Johnyz]

I have read the news that NFT Sales Slump by 90% sales this month, Over these previous months it's been declining, Is this a sign that it's already dying? or it's just a method to gain and become durable and scalable for the long term? What do you think?

That's the cycle here in cryptomarket, after the hype you can expect for the price to slowly going down. I sold some ART NFT and guess what, no one is buying so I leave right away, I believe it only works to the great artist with a humor. Though the market is still unpredictable, maybe NFTs are declining because of the market condition as well, we don't know.

[cryptoaddictchie]

I have read the news that NFT Sales Slump by 90% sales this month, Over these previous months it's been declining, Is this a sign that it's already dying? or it's just a method to gain and become durable and scalable for the long term? What do you think?

Probably cause nft sales also depends on thr market. If bitcoin and major coins dump then even the nft will struggle as these nft runs or mostly reside on the ethereum ecosystem. But I believe nft still at early phase of development and adoption. You can know that as Binance will just launch this month their nft marketplace that will be a good news for all nft platform.

[bitkanu]

So many coins got dumped more than 50% from the price when bitcoin was still sitting at 60k rate. That means the demand for people to buy NFT will be less in the market but the only thing that's quite strange if the price of coin goes down drastically. that means the trend is not yet become popular again among crypto investors.
This reminds me of the cryptokitties trend. This can be the end for NFT trend.

[ryzaadit]

See the marketplace NFTs opened by Binance & FTX.

Well, I believe NFTs market has some more interested for right now the adoption from various aspect has support this market and yeah because Binance & FTX open NFTs market. This is gonna to help NFTs spread more to the market it self, I currently also entering on NFTs (IOI-Trade Race Manager).

[casperBGD]

one has to check in what was the maximum, and then relate all the fall from that point
it is probably 90% fall from maximum, but that maximum was out of realm, and it is good to be settled and then go up from new point

NFT games still have their volumes and there is buying pressure for some items, so I do not think that NFTs are going to go-away, it is just accumulation phase, where some people are buying from weak hands

[1l1l11ll1l]

I think the percent was earned also because the price of bitcoin has been dumped in the last few weeks. but if you look at trends, for example from google, they still show a fairly high volume. artists are also still trying to promote their own NFTs, so I don't feel that NFTs are over

[Byakuga]

Few NFT projects I'm following have fall in value but that's because of the whole crypto market but I believe in NFT projects for long term hold because of their use cases, gaming NFT projects will be demanding in coming months

[paxmao]

There is still many people on NTFs and there will be much more because ETFs actually do have perfectly valid use cases, which by the way are not related to auctioning a Bleeper nor other artworks, but rather associated to utility NTFs that confer ownership, ability to use certain in-game skins and objects and other of the like. This is a true case but now it has to overcome the bad image that the bad use of NFTs have had at this moment and become the market that they should really be.

[zasad@]

I have read the news that NFT Sales Slump by 90% sales this month, Over these previous months it's been declining, Is this a sign that it's already dying? or it's just a method to gain and become durable and scalable for the long term? What do you think?

https://www.cryptoslam.io/
Study analytics. Trading volumes are falling.
Everything is fine with large projects, but no one needs ordinary pictures on the blockchain.
In the long term, these tokens will be used in game projects, and whoever bought useless pictures on the HYIP, they will lose money.

[Bitcoinjheta]

NFT project was highly affected during the bitcoin crash in the month of May and it does'nt show its the end of the project because NFT are greatly influenced by bitcoin price that is why they can still survive even in the market correction. So, for me i am one of the NFT believers.

[ampu]

NFT is also a trend like DEFI, it is exaggerated by the community. The drop of the entire market causes most altcoins to drop in price so we don't need to worry too much. When the market bounces back, NFTs will soon return to their ATHs as the use case of NFTs is very wide right now. Newly born NFT projects also promise to bring newness to space.

[Ucy]

It's the same as the previous trend. It gains hype but after a few months of running and people have been starting to feel bored with it. that's why NFT sales going down so hard at this moment and i can say that we are heading to the end of NFT trend. You can see the history of defi and various trends in the crypto and these have the same cycle as the NFT trend.
The trend will not last forever.

The hype was part of the problems, but that doesn't mean it can't be very useful to people in the future.

I actually prefer having a project properly built to serve its purposes before you get people to start investing their hard earned money into it.   And if it doesn't have much useful uses that are worth selling to people I care about, I wouldn't bother promoting it. If I can promote it to people I care about, I can promote it to anyone.
Hope they understand how to put it into good use. When you think less about yourself and more about how to benefit others with good things, understanding will come.

[masulum]

Everything is fine with large projects, but no one needs ordinary pictures on the blockchain.
In the long term, these tokens will be used in game projects, and whoever bought useless pictures on the HYIP, they will lose money.

This is what NFT collectors should pay attention to. It's not about who makes and what capabilities the NFT have. For images that have high artistic value, of course collectors can resell them at a higher price with the NFT hold. Or for farming NFT, if it's rare NFT for serious and potential projects, holding NFT will also potential giving more value. But if it's only because of the hype due to shillings, then the value of the NFT will eventually go down and maybe it will lose more than holding tokens/coins.

[amishmanish]

NFT is also a trend like DEFI, it is exaggerated by the community. The drop of the entire market causes most altcoins to drop in price so we don't need to worry too much. When the market bounces back, NFTs will soon return to their ATHs as the use case of NFTs is very wide right now. Newly born NFT projects also promise to bring newness to space.

NFTs are nothing like DeFi. DeFi is way more established and serious right now. The kinds of platforms that have developed and holding the value during the downtrend is remarkable.

Lot of NFTs were sold in the last months and the bullrun ensured the insane valuation. People are much more cautious now and it is very unlikely that they will regain those ATH. Well, those expensive NFTs can only be re-sold to another collector so i don't think it matters to the NFT-Holder.

The trend of NFT buzzword resulting in huge valuations as already died down. There isn't really any special use-case catered by them, except for collector value or purely as a creative curiosity.