Reasons why NFTs projects are not making wave-like ICOs

[wxa7115]

There is nothing wrong. You are just on the wrong side of NFT projects. Have you considered that?
I have made a good sum of money buying NFT game tokens and I can say it had been a good ride. As of now, I am trying to circulate that profit to another NFT or a DeFi maybe and who knows if I get lucky again.
It was just the same as the ICO, you do your research and you will be paid well enough with some added luck.

While personal experiences are important just because you have made money with NFTs that does not means that what we are seeing means that the NFT market is larger than what it was the ico market back then.

Even if I did not liked the market of icos back then either the fact that those coins offered many potential applications that could change the world is what created the huge demand for them, in the case of NFTs they are not going to change anything and are just another form of collectible, like baseball cards or comic books, and while interesting this means the market is never going to reach the popularity icos had back then.

[Johnyz]

Well when something tend to  be on realistic side it takes time to get attracted to, how many ICO projects are still alive today since 2017? Many are dead and some have no trading volume again but NFT just works better because the realistic is without useful utilities a project won't live long, NFT works better than ICO

At the same time in 2017 many people said that the ICO would continue to advance and live, but now everything has turned upside down, so almost the same thing can happen to NFT in the future when there is a new trend that can break NFT, although it doesn't exist at the moment

As we grow we also introduce a new way to invest and a new project to support with so I also believe that in due time, NFTs will be forgotten and you can barely see a new project but that can happen in the future and right now they are still growing with no sign of dumping, so just take this opportunity to buy and make money because the future is not so sure just like the ICOs.

[Yamifoud]

There is nothing wrong. You are just on the wrong side of NFT projects. Have you considered that?
I have made a good sum of money buying NFT game tokens and I can say it had been a good ride. As of now, I am trying to circulate that profit to another NFT or a DeFi maybe and who knows if I get lucky again.
It was just the same as the ICO, you do your research and you will be paid well enough with some added luck.

While personal experiences are important just because you have made money with NFTs that does not means that what we are seeing means that the NFT market is larger than what it was the ico market back then.

Even if I did not liked the market of icos back then either the fact that those coins offered many potential applications that could change the world is what created the huge demand for them, in the case of NFTs they are not going to change anything and are just another form of collectible, like baseball cards or comic books, and while interesting this means the market is never going to reach the popularity icos had back then.

And besides, they don't have similar market applications and use-case believing that they don't have the same results.  Honestly, ICO had made them more profitable, many of them have gone so fast and become shit projects but at least people are also having a good experience.
But these NFT's coins, it is somewhat people get worried about them, they don't look so attractive and promising makes investors not to choose and doubtful for investing. Anyways, ICO had done already but has come possible that the NFT projects will follow shortly.

[cafucafucafu]

Certain projects have definitely returned ICO like profits whilst others haven't.

You're probably just looking in the wrong place to be honest, as avatar & utility tokens seem to be quite the rage these days.

If you look on Opensea you'll find plenty of projects that started with 0.02 ETH mint and are now >2 ETH.

[FinneysTrueVision]

The NFT market is really small. Only a few whales make up the majority of the volume. The thing that gives some NFTs really high values is their scarcity. Even without significant demand you just need one person to want it enough to pay thousands or even millions of dollars. Now that there is so many new NFT projects being launched all the time the market has become saturated and that is why some NFT collections are not selling very well.

[Jating]

There are like hundreds of ICO every month during it's prime in 2017-2018 that's why it makes a lot of wave and money for investors. Not sure about the data on NFT but it seems they are less so obviously, there is the difference.

But as far as the hype goes, NFT is still hot, but investors now are wise, maybe they got the profits and then move around the funds to NFT or to other projects. That's why the money circulating around NFT can't be compare to NFT's of today.

[Quidat]

Well when something tend to  be on realistic side it takes time to get attracted to, how many ICO projects are still alive today since 2017? Many are dead and some have no trading volume again but NFT just works better because the realistic is without useful utilities a project won't live long, NFT works better than ICO

At the same time in 2017 many people said that the ICO would continue to advance and live, but now everything has turned upside down, so almost the same thing can happen to NFT in the future when there is a new trend that can break NFT, although it doesn't exist at the moment

Hype would go down but doesnt mean that it would be lost or would be totally be patched up by something new.Come to look at that there are still projects that do ran off some ICO which means its still relevant
and do exist despite of the current changes and new trends as of this moment.Everything would really be mixed up because it all matters with the demand which it isnt surprising that there might
be some projects been succeeding and there are who do fail off no matter where they do belong whether on nft's or in icos or something new upcoming.

[harizen]

Can i ask, how you can earn money from NFT?
Because a lot of what I see, a lot of projects that make NFT with bullshit. They make NFT to do Staking, even though it can be done with Tokens. In my opinion NFT is not worth the investment, only Hit N Run is Okay. But this is my opinion. CMIIW

Maybe we can consider the NFT games as one of driving the hype to the NFT craze. There are lots of NFT games where investors already made some profits. Like in ICO, there's a hype period and with the right decision and timing, they able to gain profits while getting a good chance too to exit.

If NFT is hit and run to you, it means you are lacking research. But it's fine as you don't need to be hyped for something you didn't know and interest in.

[DOH!]

I think, Because of its attractiveness and abstraction. The value of the NFT is always on alert and therefore quick liquidity will be an important vertical factor. NFT is a ready-made work so ICO is not suitable for that, instead even new projects related to NFT launch on IDO.

[wxa7115]

The NFT market is really small. Only a few whales make up the majority of the volume. The thing that gives some NFTs really high values is their scarcity. Even without significant demand you just need one person to want it enough to pay thousands or even millions of dollars. Now that there is so many new NFT projects being launched all the time the market has become saturated and that is why some NFT collections are not selling very well.

It is the same as always, when this idea was first conceived it was original and groundbreaking so people were interested and paid a lot of money, then scammers realized they could try to get money that way and now we have a lot of NFTs which quite honestly are never going to have any value in the future.

And when we take into account the shill bidding, which consist in the owner or friend of the owner of the NFT bidding high prices for the NFTs in order to inflate their price and then sell them at a later date for high prices then people are doubting that even the sales that we are seeing right now are real, and without that confidence then the market is going nowhere.

[TheUltraElite]

And besides, they don't have similar market applications and use-case believing that they don't have the same results.  Honestly, ICO had made them more profitable, many of them have gone so fast and become shit projects but at least people are also having a good experience.

When the ICO craze first started, there were a few good projects but the one that came after that and milked on the hype were worthless because they were only meant to be moneygrabs when they started.

Same happened with NFTs. They should have been kept to the state of artworks and all and not old twitter posts and things that are having no significance and only because of someone's influence gain a value because they will not last long.

But these NFT's coins, it is somewhat people get worried about them, they don't look so attractive and promising makes investors not to choose and doubtful for investing. Anyways, ICO had done already but has come possible that the NFT projects will follow shortly.

Does this not carry all the red flag signs of being a worthless project in future? Long term value of the ICOs became nil as people flocked in and similarly the NFT market will also show signs of depreciation and then the newbies who jumped on the hype-train will learn their lesson.

I think, Because of its attractiveness and abstraction. The value of the NFT is always on alert and therefore quick liquidity will be an important vertical factor. NFT is a ready-made work so ICO is not suitable for that, instead even new projects related to NFT launch on IDO.

In case you started after the ICO craze happened you might be getting this idea. I would beg to differ having seen both the ICO and DeFI hypes followed by the NFT hype.

All that attractiveness and BS is only temporary. It is not like gold that has long term value. When ICO first came in, people were crazy to buy loads of it and today those coins are -1000% or even less.

[adiebitsler]

I think, Because of its attractiveness and abstraction. The value of the NFT is always on alert and therefore quick liquidity will be an important vertical factor. NFT is a ready-made work so ICO is not suitable for that, instead even new projects related to NFT launch on IDO.

Finished projects like NFT are certainly very different from raw projects that still require fundraising through an ICO or IDO, so the NFT concept always has to be separated from projects that don't have the same concept as them, and the attractiveness of NFT at this time is clearly visible still big, but for next year I'm still not sure about NFT.

[Susan9058]

I think NFT's doesn't even make sense, that I cannot even understand why such NFT valued very expensive.
Compared to ICO's where there are actually some of the promising projects with tokens with real use case, people would inevitably put their money where it has the high probability of making fast ROI and high profit.

[jeungo]

I suppose the reason is very simple, these art objects are of interest to a very small number of people, among whom there are no supporters of making a big wave on this, they buy what they think will cost a lot of money in a few years. Imagine you buy gold coins from a merchant who thinks it is iron, why would you shout that they are selling gold here.

[yazher]

Because they show a decline in their early stage and continue to have controversy every month which made the entire NFTs go bad which is good for the newbie investors to avoid getting scammed in the hype of an NFT project where some of those projects doesn't really have any vision on how to develop their project. Their goal is only to suck money from those investors after they created some hype with their project. Just look at Cryptoblade, they totally forgot about their promises and focus only to create a new one in order for them to take advantage of the NFT hype again and use it to scam their investors again.

[TheUltraElite]

I suppose the reason is very simple, these art objects are of interest to a very small number of people, among whom there are no supporters of making a big wave on this, they buy what they think will cost a lot of money in a few years. Imagine you buy gold coins from a merchant who thinks it is iron, why would you shout that they are selling gold here.

There are some big names trying to enter the bandwagon as reported by the news, but these are only temporary thing. I have seen similar things happen with the previous hypes, they will pull out as soon as the price starts tanking and remains low. What will rather affect individuals who are into NFTs is that they will own a shitcoin/shit-object that has no value while they spent a lot trying to obtain it.

Collectibles should be left to those who actually have interest in it. Even then, they are only bag-unloading place for these projects. You cant re-sell it unless another hype starts or you can get into selling to another collector.

[RILWAN]

Now nft just a hyped, when hyped over this will be disaster  i think 2017 and now big difference between experience when people Don't know about crypto or valuable project now everyone know how project works

The NFT hype is not as laud as the ICO hype of 2017 which see to many projects making to the exchange and doing well in terms of price value and market dominant. But again since NFT is new let see how the hype goes in the future.