Are you still on NFT's?

[xiboothrezi]

The ups and downs within the market is just normal to happen in accordance to the mood and the behavior of the people who are doing purchases in the market. Currently here in my country, NFTs are into the uptrend which I can say that it is not dead for it continuously gaining popularity and as well as purchases from people. It is just normal that there will be a peak and downside season in the market which have different reasons why does it exist and happens.

and many artists who have many fans, attract the attention of their followers by publishing NFT for their work. this is good enough to attract the general public's attention to cryptocurrencies, moreover bitcoin was able to hit a new ATH a few months ago which is sure to attract the attention of more and more people. Despite the controversy over the usefulness of NFT, I am very interested in this unique crypto function.
and like most trends in cryptocurrencies there must be highs and lows, we must be able to adapt to any changes. don't have to follow all the trends, don't push yourself if you don't have an interest in it.

[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.

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.

NFT caters to collectors and that brings money to the crypto market. The world is having more money and people need to spend it to show their willingness to play. Previously they bought paintings, sculptures or diamonds... Now they pay attention to NFT and spend money to buy NFT. They will use their money to buy crypto and trade.
NFTs give the investor limitless enjoyment and valuation because they are unique works.

[TastyChillySauce00]

it's just showing the real market demands nothing more and it doesn't seem to go away anytime soon, tbh, it's gonna grow steadily from now on.
as you know, there's always many hype that revolves around something that deemed revolutionary and NFT is one of them, but doesn't make it any less relevant as they have their own niche like gaming, etc. I'm expecting to see more and more implementation of NFT in the future tbh, like tokenized digital goods etc.

[iTradeChips]

I say this as someone who is interested with the concept of NFT's and yet have not invested in it yet due to lack of concrete research - I reject the idea that NFT's are dead. It should not die and it will not die. Just like modern art with the hundreds of thousands of painters nowadays and only a handful become famous in their own right. NFT's is a mix of finance with the arts. So I should say let us all wait for this correction to cease and we will be able to enter the NFT market and come out satisfied.

[akirasendo17]

dying? if you check the market is down, that is why everything goes down, not to mention the people who panic and sold their coins nfts, because they thought bitcoin and coins are dying, this is the same old tactics for the price to go down, but at the end of the year the price rally back to its stable price, those who sold their coins, regrets it, look for good nft's not those who are just created in a day or so, check who is the best nft in the crypto market.

[richcorner100]

I think trend of NFT is just beginning, because in my country this still new thing and new business model. Some artist and content creator here just started to use this new technology to gain profit and benefits by selling their contents or artwork on the NFT platform. The tokens of NFT platform going down only triggered by Bitcoin dumped, and that not mean this kind of project is dying.

[Roidz]

I think trend of NFT is just beginning, because in my country this still new thing and new business model. Some artist and content creator here just started to use this new technology to gain profit and benefits by selling their contents or artwork on the NFT platform. The tokens of NFT platform going down only triggered by Bitcoin dumped, and that not mean this kind of project is dying.

now the NFT hype has become a trend for those who want to sell their products in crypto but still like other cryptocurrencies, NFT uses blockchain technology, so the use of this technology allows someone to track the unique NFT code, and in my opinion basically bitcoin also has a strong influence on NFT price movements in the market because we can see how the majority of NFTs also experience a price decline when bitcoin crashes.
however, for those of us who want to buy NFT, we should remain careful because NFT is a completely illiquid asset, so anyone who buys NFT will not necessarily be able to resell it to someone else.

[Gayong88]

Maybe at this time, many people are still focused on the market correction which is very volatile this week. I believe the NFT market will boom once the market conditions and conditions return to normal.

[speedy963]

Every investment specially in this industry has their own good and bad times. NFTs aren't any different. Which is why I am pretty sure that good times are bound to come sooner or later. And besides, for a gamer like me who likes crypto related games specially ones that fuse both defi and NF, NFT will always be a good thing. Just think about how big the gaming industry is. I personally think that in the coming months we will be able to witness more integration of the crypto and gaming industry happening under defi and NFT. That is why I suggest you to not count NFT out just yet.

[Reid]

We've been here before. Everything has its cool down.
Hype is over but it will remain just like any projects that were made with different names on different platforms.
I believe there are NFT projects that can survive the wild economy of the crypto industry.

Sports cards NFT's will have the best reason to stay for the reason of keeping it mint without the need for a physical form.
I had collected NBA cards before and now I can own them without going to a physical store. It's still fun being a collector in a different way.

[triat]

It will be interesting to watch when Binance opens its platform for trading NFT, perhaps this will cause a new surge of interest in this phenomenon,I generally do not buy these nft ,as I worry that they will quickly devalue.

now everyone is afraid to buy something in this format. All because they are afraid that Bitcoin will down and the NFT itself will depreciate, and I understand these people. Now only very rich people can afford to buy nft.

[TeQuiero]

Binance has teased first information about its NFT market: http://featured.market/. IMO, CZ and Bianace will trigger the hype on NFT. Not sure if it can last long and achieve as much as DeFi trend but at least it will complete Binance Smart Chain ecosystem. Other platform like Polygon, Solana, Fantom...will definitely grow their owns NFT markets. This will somehow make the market noisier than now.

[iTradeChips]

It will be interesting to watch when Binance opens its platform for trading NFT, perhaps this will cause a new surge of interest in this phenomenon,I generally do not buy these nft ,as I worry that they will quickly devalue.

now everyone is afraid to buy something in this format. All because they are afraid that Bitcoin will down and the NFT itself will depreciate, and I understand these people. Now only very rich people can afford to buy nft.

Well, we just have to invest what is left for us. I mean there might be NFT's out there that can be bought cheaply like a few dollars. But I am the type who wants to find very very cheap ones like you can buy 50 to 100 units of NFT's for a price of a dollar. But of course that might not be possible because the cheaper it is, then the quality of the NFT might be very low, or possibly a cheap drawing or cheap looking digital piece of art. Anyway, I think you right to say that it is currently a rich man's playground.

[GatotKaca]

Binance has teased first information about its NFT market: http://featured.market/. IMO, CZ and Bianace will trigger the hype on NFT. Not sure if it can last long and achieve as much as DeFi trend but at least it will complete Binance Smart Chain ecosystem. Other platform like Polygon, Solana, Fantom...will definitely grow their owns NFT markets. This will somehow make the market noisier than now.

binance always doesn't want to be left behind with the impending momentum in the market. binance knows what the future holds for NFT. and we also know how nowadays there are more and more new NFT projects on the market as you mentioned.
NFT is not ending, it is currently starting the beginning of their momentum.

[Julien_Olynpic]

Nobody needs NTF. These are just pictures and videos that nobody needs. They can be churned out in the millions. Very few artists actually make money on NTF. Most generally buy these NTFs from themselves from other addresses. Or they buy from each other. Thus, it seems that NTF is in demand.
  NTFs are of value only to a few high-profile artists.

[abel1337]

Binance has teased first information about its NFT market: http://featured.market/. IMO, CZ and Bianace will trigger the hype on NFT. Not sure if it can last long and achieve as much as DeFi trend but at least it will complete Binance Smart Chain ecosystem. Other platform like Polygon, Solana, Fantom...will definitely grow their owns NFT markets. This will somehow make the market noisier than now.

binance always doesn't want to be left behind with the impending momentum in the market. binance knows what the future holds for NFT. and we also know how nowadays there are more and more new NFT projects on the market as you mentioned.
NFT is not ending, it is currently starting the beginning of their momentum.

Yes, Binance surely doesn't want to miss the trend of NFT. It is pretty expected that Binance will make its own marketplace, It would be wonderful if all of the networks will be accepted on Binance NFT marketplace. NFT's is still on the trend, New NFT's are being launched every day and some projects are using Non-fungible tokens to their projects. NFT gaming is still blooming and I can see it is not the end yet.

[South Park]

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?

Most NFTs were nothing but a scam, I could understand the concept of a NFT if it actually gave you physical possession of a digital good and you gained it all the rights that it came from ownership of a product, in this case an NFT could make sense, but when you gain nothing out of it  and the original owner still keeps all the rights then it was obvious that this could not continue for long and people will eventual wake up to the fact they were scammed.

[Impala8_]

I'm into football NFTs now
I think some clubs supporting crypto for a reason
NFT will be so popular and I'm into RealFevr
NFT moments are dope

[Maxre]

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?

It's not dying. NFT has long been traded by artists and bought by collectors to this day. The NFT market will still exist even if sales decline. Art has always been an exciting market, and now that it's more accessible, there are thousands of people involved. This has led to some intense bidding wars and odd sales, which could be interesting to watch.

[huu78]

I think maybe a lot of traders are waiting for something new in this section. Itt seems that now many games are NFT-based and can produce. One of them is Axie Infinity. This is NFT as well as game. So far that's what i see. And I feel that many traders around the world are waiting for something new or further development for NFT.