NFT Trend Can Go For Long?

[dhemasm]

Well NFT is an unique concept originated from Blockchain Technology and it's have great potential especially on Digital Games, Art, Entertaintment and many more and beside that it's introducing an new way for Intellectual property rights matters, Binance launching their own NFT is good thing since it will push more demand on the market but beside Binance there already innovative platform out there offering Useful use case like Axie Infinity For Example.

[sana54210]

As You all Know Binance, the world top best Cryptocurrency Exchange is going To Launch NFTs market place soon In Upcoming Weeks. So Whats Your Opinion that NFTs Can become trend and this trend can go for Long in 2021?

I think it is going to be even bigger, because we are seeing some great innovations, however the marketing is not there and eventually all of them goes down which I am not sure is the way to go about these things, there is really nothing that keeps them up. What happens is there is some new awesome stuff, NFT used in a way that has never been used before, and then when we look at it we end up with a huge spike on early days, first one or two weeks it drops just a bit but stays there, then slowly it starts to drop more and more so much that even NFT doesn't worth to buy it.

This is why I think it is quite difficult to invest into those projects. What I think will happen is that there will be NFT projects that will make it worthy to go for it, like some pokemon battle type of NFT game that will make it very fun to play so people will be interested, or some fantasy league type of thing who knows?

[BOAEDAN]

So far what I know in cryptocurrency, all trending whatever it will have a time, nothing is eternal and in my opinion this NFT is just hype that will die in time or when there is a big event that makes NFT lose it will definitely be abandoned by many investors because it is not very attractive.

[TravelMug]

Hello Guyz,
Hope All Is Doing Well, As You all Know Binance, the world top best Cryptocurrency Exchange is going To Launch NFTs market place soon In Upcoming Weeks. So Whats Your Opinion that NFTs Can become trend and this trend can go for Long in 2021?

If the Binance exchange makes a launch about it, I think there will be a lot of people who will welcome it with a very positive value, because now NFT is also in a good trend so it will definitely last a long time especially for this year.

It's more on because Binance has a reputation already, they are one of the first exchanges who support IEO as well, so it created a lot of hype back then, but when the craze has settled down, their next move is to support the next hype which is NFT.

So I'm not surprised by the move by CZ, he is a business man after all so obviously, as the trend is still hot, he pushes and now launching a market place of their own. For sure we will continue to see NFT's hype to go on moving again after this announcement.

[Lordhermes]

NFT trading is no longer trending as expected before, the possibility that the trend will start again when Binance launches it is certain as we already know Binance exchange produces the best and good stuffs in the crypto space, this will in turn creates more popularity to NFTs products across widely.

So I'm not surprised by the move by CZ, he is a business man after all so obviously, as the trend is still hot, he pushes and now launching a market place of their own. For sure we will continue to see NFT's hype to go on moving again after this announcement.

Binance had already gained dominance and are quietly the best amongst other cryptocurrency exchange, the launching of her own NFT marketplace comes lately but will certainly bring back the hype again that's for sure, I don't know the transaction fee might be in Binance NFTs marketplace but I believe it gonna be cheap.

[KryptoKings]

Hello Guyz,
Hope All Is Doing Well, As You all Know Binance, the world top best Cryptocurrency Exchange is going To Launch NFTs market place soon In Upcoming Weeks. So Whats Your Opinion that NFTs Can become trend and this trend can go for Long in 2021?

I think it won't last for too long. Just 2-3 years and nft bubble will burst.
There is no good utility of nft. It is not meant for common man.
I can predict it will be gone in few years.

[ene1980]

Hope All Is Doing Well, As You all Know Binance, the world top best Cryptocurrency Exchange is going To Launch NFTs market place soon In Upcoming Weeks. So Whats Your Opinion that NFTs Can become trend and this trend can go for Long in 2021?

It is not a big surprise that Binance is launching their platform as they are copying anything new and wants to stay afloat in the market. The idea behind NFT is novel and there are many projects that are coming out and it is normal that we will have an influx of projects when there is a new trend and that is what we are seeing here as well. I am following a few projects as well and hopefully it will end up being successful and lets see how long this trend will last  .

[gundala]

~~
It is not a big surprise that Binance is launching their platform as they are copying anything new and wants to stay afloat in the market. The idea behind NFT is novel and there are many projects that are coming out and it is normal that we will have an influx of projects when there is a new trend and that is what we are seeing here as well. I am following a few projects as well and hopefully it will end up being successful and lets see how long this trend will last  .

From this we know that Binance is a genius at reading trends in order to remain the first choice in transactions in the crypto world. With the support of a large community, it will be easy to get the attention of any innovation that is carried out. And yes, NFT is still a fairly new trend, especially since many influencers and artists are starting to look at the crypto market, especially NFT, to "perpetuate" and "promote" their work.
https://twitter.com/cz_binance/status/1401158014166441991

[Princeofpoetry]

In 2021, many new projects will launch NFT, this is a bridge for artists to publish their work. I believe that NFT is not just a trend but an ecosystem that will grow big in the next few years

[Asuspawer09]

Hello Guyz,
Hope All Is Doing Well, As You all Know Binance, the world top best Cryptocurrency Exchange is going To Launch NFTs market place soon In Upcoming Weeks. So Whats Your Opinion that NFTs Can become trend and this trend can go for Long in 2021?

There are probably a lot of opinions about this but for some people who understand NFT I think it would last at some point, the only problem I can see in the NFT market is there were just so many NFTs that are getting created. So with the NFTs, I don't think the demand can catch up, I don't think people are just gonna keep buying it since at the same time they also need to sell.

At this time it is still early for this to happen so most of the time NFTs are getting a big success since there are still a lot of people that are not into cryptocurrency and NFTs so there are still a lot of demand, so with some Idea, I think as an artist or could make their own NFTs and sell especially if a celebrity I mean there's a market for it but some shit arts but cost so much I just don't know about that if its gonna survive that.

I did invest in some NFT games since I think it is just buying some skins but you just can just resell it, as long as there are players I think it can hold the value.

[ILuckyGuyI]

Binance's action can help this market revitalize again but I'm not sure about the "going for long" part. Because it looks like a transient trend to me. People will lose their interest in this market in time I believe.

[Bitcoinjheta]

There is a bright future awaits for NFT project as the binance exchange is going to launch NFT's marketplace. This is gonna be awesome and more exciting as this trend goes higher and higher demand make it more valuable in the market. "Going for long" is gonna happen as the innovation and technology continuously developing.

[FinneysTrueVision]

The NFT hype seems to be over for the most part. We have seen the transaction volume decline by 90% although that is in great part due to the fact that the price of ETH and other cryptos has fallen so much. 10% of where it was from it's peak is still a lot of money for something with no utility. Non-fungible tokens are not the worst idea ever but they have been applied to some really dumb stuff like Twerky Pepes and bad pixel art. I can see a future where they evolve into something more useful.

[danherbias07]

It could go for long but not every NFT out there. Just like how it ends with ICO's and altcoins.
The strongest will survive or those who have real projects behind it and not just for making more money for their own greediness.
I have seen many NFT's that are not suppose to be kept and I think those types will go away in just a short span of time.

The trend will fade just like any other trend and something new will come. But the support will never fade just like how it is with Bitcoin and top altcoins.

[OcTradism]

Well NFT is an unique concept originated from Blockchain Technology and it's have great potential especially on Digital Games, Art, Entertaintment and many more and beside that it's introducing an new way for Intellectual property rights matters, Binance launching their own NFT is good thing since it will push more demand on the market but beside Binance there already innovative platform out there offering Useful use case like Axie Infinity For Example.

NFT is not actually an unique concept. If you are aware of Cryptokitties that used to very famous in 2017, you will see the idea behinds NFT is not unique.

People used to spend more than $1 million to buy a virtual cat on Cryptokitties

It's more on because Binance has a reputation already, they are one of the first exchanges who support IEO as well, so it created a lot of hype back then, but when the craze has settled down, their next move is to support the next hype which is NFT.

Binance is very creative as well as adaptive to trend of crypto market. They usually create a new trend on crypto exchanges but if they are not the trend pioneer, they will fastly adapt to a new trend.

So I'm not surprised by the move by CZ, he is a business man after all so obviously, as the trend is still hot, he pushes and now launching a market place of their own. For sure we will continue to see NFT's hype to go on moving again after this announcement.

Binance was launched and grew quickly in the chaotic period of crypto market in 2017 so that they are aware that if they don't adapt to new trend, they will lose customers and might lose their leading position forever.

[Psynthax]

It will, and it's just beginning of NFT you can imagine those triple A games gonna implement NFT to their system and it's not gonna go anytime soon, NFT market until today still fluorish as ever, the thing you see about NFT being sold for million dollars are mostly just gimmick but NFT market is indeed have the potential.
See blockchain based gaming platform etc that uses NFT in their system, they are still popular until today, in a nutshell these are the modern version of cryptokitties but more sustainable long term.

[TheGreatPython]

NFT trend will die faster than the DeFi trend. It is simply a greed trend and worse than DeFi trend.

Yup, I have always had the same thought about NFT and you just described it the way I see it. It’s just like a trend that people are using to make money, most especially influencers are the ones that are cashing out with it. They will do something, every little thing they do, they will put it up for a cash grab and people will be paying for it.

Let’s hope that maybe as time goes it’s going to be a market that will benefit everyone, and not mostly those at the top. I think it can still be good if utilized properly, but for now it is still a new project, so let’s hope that it is going to be one that would last long.

[calandra78]

I think NFT is something new that is in great demand and has a tremendous market in the future. I'm sure there will be more NFT projects in the future. We're actually not new to NFT, but nowadays it's just been talked about a lot by many communities.

[ljube]

Have you heard of OMI and seen what they do?
I think it has potential anyway ..
NFT is at the beginning

[Ruvi2000sew]

NFTs Markets are being launched by a number of exchanges. Binance, the most popular cryptocurrency exchange, has recently announced the launch of the NFTs Market. Because of its use case, the NFT trend can last longer, everything about NFT makes a lot of sense in comparison to meme coins that are currently trending. Many investors don't even understand what they're doing, which is why they're investing in meme coins, the majority know the importance of real use cases and move to NFTs again