Reasons why NFTs projects are not making wave-like ICOs

[X-ray]

Nothing gone wrong, you can't expect any trend will have the same result. DEFI trend has less ROI compared with the ICOs but ICOs were different story. ICOs was a way for the project developers to get funding from the investors. How big the return that will be generated by the tokens that already bought by the investors totally depend on the plenty of reasons. Sometime there was an NFT project that can give you very big ROI but in another case there was also the same project that was have bad performance on its token price after ico. This was getting affected by various factor. NFT waves was still going on.
So many NFT tokens were also increasing a lot to the its new ATH even AXS was doing very good job at this moment too. You must also see that dude. Some NFTs have same ROI like icos tokens as well.

[1715128449]

1715128449

[1715128449]

1715128449

[1715128449]

1715128449

[Yudhisthir]

I read over the news about John Cena NFT only selling 30 tokens in its public sale an event that prompted the star wrestler to withdraw his support for the project and putting it on gold, and from my personal experience, Ill the NFTs tokens I bought have not yielded any profits all stock in the sale stage for over 4 months now, unlike the ICO era in 2017 where investors making 800x profits just within one month of investment. What seems to have gone wrong in the NFT market within this short period of its existence?

x800 profit cannot be explained as natural growth for any business. We could assume that investors have became more cautious and selective as they learned from the bubbles that led them or others to loss. NFT's are a much more important expect of blockchain than ICOs and it's here to stay. It was already a bad advertisement when people were buying the earlier NFTs like crazy in millions. There are and would be NFTs that would be worth millions but not every of time. I'm happy that the NFT bubble busted sooner. Now most of the growth in NFT marketplace would be a healthy one.

[Brus123]

I read over the news about John Cena NFT only selling 30 tokens in its public sale an event that prompted the star wrestler to withdraw his support for the project and putting it on gold, and from my personal experience, Ill the NFTs tokens I bought have not yielded any profits all stock in the sale stage for over 4 months now, unlike the ICO era in 2017 where investors making 800x profits just within one month of investment. What seems to have gone wrong in the NFT market within this short period of its existence?

As I understand, John Cena organised public sale of Non-fungible tokens that are really cloudy investment, as it is really difficult to judge if this peace of art will be sold then or not. What comes to NFT-projects, I can't agree that they are not as popular as ICOs. Especially NFT-games and other NFT-projects raise big funds now and people make money on them if they manage to find a promising one.

[dupee419]

I read over the news about John Cena NFT only selling 30 tokens in its public sale an event that prompted the star wrestler to withdraw his support for the project and putting it on gold, and from my personal experience, Ill the NFTs tokens I bought have not yielded any profits all stock in the sale stage for over 4 months now, unlike the ICO era in 2017 where investors making 800x profits just within one month of investment. What seems to have gone wrong in the NFT market within this short period of its existence?

I don't have any information on what went wrong with John Cena's NFT but you can't assume that NFT's are all hype because it is trending right now, a lot of people actually gained profit from playing NFT games, and I'm assuming majority of us here are aware on how impactful gaming is right and its industry? Here in my.country, NFT games are almost everywhere, Discord is the platform used by a lot of NFT projects, while some of them may fail, but several NFT projects actually were successful, Axie Infinity is a good example for this one.

I am quite sure that NFT projects in the future will continue to evolve, it may even be a possibility that gaming and cryptocurrency may be a good partner for a successful project.

[Jaered]

I think in this case its cos NFTs have come to the end of their hype rule. It happens. NFTs areike art to me. Not everyone is overly interested in art(even though its quite innovative being on the blockchain) and in the end the remaining art buffs are going to be bored

[Sterbens]

Because of the proliferation of NFT which is currently spreading, even from critical circles, influencers and all well-known figures have created their own NFT. It's been countless and made us confused to choose until we finally decided to keep quiet and not take part in anything about NFT. Of course, this is accompanied by concerns about the hype which will eventually go out by itself.
One thing I'm sure of, in the end what survives is Bitcoin. BTCBTCBTC

[el kaka22]

I read over the news about John Cena NFT only selling 30 tokens in its public sale an event that prompted the star wrestler to withdraw his support for the project and putting it on gold, and from my personal experience, Ill the NFTs tokens I bought have not yielded any profits all stock in the sale stage for over 4 months now, unlike the ICO era in 2017 where investors making 800x profits just within one month of investment. What seems to have gone wrong in the NFT market within this short period of its existence?

NFT projects basically sell their NFT's, that is why. I have seen plenty of projects with 10k limited amount, and give out 9.900 of that to people basically to mint, everyone gets to mint it, but then they keep 100 just to themselves and when the times comes that it worths something, those teams start to sell it.

You do not even have to sell it, just owning millions of dollars worth of things would be a good enough situation to be in, if you can afford to not sell them just keep them. They keep getting money from all sorts of ways, and I would assume that if there were no money to be made from it, we wouldn't see this many collections becoming big neither, there are collections left and right everywhere only because there is a money to be made from these collections.

[wxa7115]

I read over the news about John Cena NFT only selling 30 tokens in its public sale an event that prompted the star wrestler to withdraw his support for the project and putting it on gold, and from my personal experience, Ill the NFTs tokens I bought have not yielded any profits all stock in the sale stage for over 4 months now, unlike the ICO era in 2017 where investors making 800x profits just within one month of investment. What seems to have gone wrong in the NFT market within this short period of its existence?

I think the main difference is the nature of the hype surrounding the two, when it comes to NFTs the hype is speculative almost exclusively, NFTs besides being collectibles have nothing else going on for them.

Now some may argue that what we saw with icos back in 2017 was mostly about speculation too, and they would not be wrong but the difference is that the projects behind the icos had several other potential applications to get people excited about their future prospects, now it is true the majority of those projects failed and the promises they made never came to happen except for a few selected projects, but this gave them another angle that NFTs never had, also I will say that people are not as naive as they were back then and this is limiting the upside you can see with NFTs as well.

[sikke]

I read over the news about John Cena NFT only selling 30 tokens in its public sale an event that prompted the star wrestler to withdraw his support for the project and putting it on gold, and from my personal experience, Ill the NFTs tokens I bought have not yielded any profits all stock in the sale stage for over 4 months now, unlike the ICO era in 2017 where investors making 800x profits just within one month of investment. What seems to have gone wrong in the NFT market within this short period of its existence?

NFTs are definitely generating these types of returns, you're probably just looking at the wrong places.

I've got personal friends that have taken something ridiculous like $500 to $50k or $100k in a very short period of time.

Is that indication that I'll be investing? Heck no. I think that the bulk of the NFT bull market is behind us and profits will be much harder to come by now - and most projects have absolutely zero value.

[adiebitsler]

I think in this case its cos NFTs have come to the end of their hype rule. It happens. NFTs areike art to me. Not everyone is overly interested in art(even though its quite innovative being on the blockchain) and in the end the remaining art buffs are going to be bored

People who are really passionate about the arts will never get tired of NFT even though the hype is over and it won't appear any time soon because it is being rivaled by many other hype at the moment where in the crypto space there will always be something that surprises a lot of people.

[kaseygriffin]

That is the difference between the different stages, I am looking at the problem here is to approach the trends and look for profits.
When the ICO period boomed, we all saw the ambiguity about it only interested in profits rather than understanding the essence. With NFT, it is a more applicable and precise product, when people have knowledge of the market, such solutions will be evaluated more carefully. However, I still just find them to be superfluous, and it's a space reserved for people who like new trends and exploit it.

[matchi2011]

That is the difference between the different stages, I am looking at the problem here is to approach the trends and look for profits.
When the ICO period boomed, we all saw the ambiguity about it only interested in profits rather than understanding the essence. With NFT, it is a more applicable and precise product, when people have knowledge of the market, such solutions will be evaluated more carefully. However, I still just find them to be superfluous, and it's a space reserved for people who like new trends and exploit it.

The experienced from the last ICO boom brings more wise investors to assess deeper before jumping into investment,
You said it right, way back investors are there to take advantage of opportunities that they will going to get when
investing first, then here comes scammers who also take place.
With NFT, more research has been done before finally ebing convince that this kind of system will be used as good
way of investment, the value of NFT is being created by people who knows and willing to participate.

[RILWAN]

That is the difference between the different stages, I am looking at the problem here is to approach the trends and look for profits.
When the ICO period boomed, we all saw the ambiguity about it only being interested in profits rather than understanding the essence. With NFT, it is a more applicable and precise product, when people know the market, such solutions will be evaluated more carefully. However, I still just find them to be superfluous, and it's a space reserved for people who like new trends and exploit them.

Well as a trader yes looking out for profits most especially on a short term basis is 😎 cool, but as an investor one will have to look out for long term potentials, which I have not seen any significant growth in that direction with NFT but so many ICO projects are successful at the moment.

[goldkingcoiner]

NFT's are not legally regulated to the point where you can buy a painting NFT and expect the original painting or any copyright laws from the painting to be legally considered as yours. The regulations just aren't there yet. I am still waiting for the first legal case of NFT ownership in court. Anyway, NFTs can be fun, but they are mostly used by the rich to launder money, really.

[yehestielsiburian]

Many do not understand NFT and they rush to make their NFT to sell and make personal profit. I saw a lot of NFTs that were launched that had no functionality at all but could sell for a fantastic price, but the NFTs didn't sell for a few months later.

I'm more interested in the NFT issued by AXIE, it has more real functions

[Ucy]

Interesting...
Well, you know part of what attracted alot of people to ICO was the "attractive" and "useful" projects that were promoted. Many people invested because they believed that useful things are being built or would be built.   Today, things that make little to no sense are promoted as NFTs and there are those that sold for alot of money. Guess people are realizing they need to focus on the use cases more and not just the money.  

[Gayong88]

In my opinion, the first NFT utility token that aims to avoid the ICO boom. That is, NFTs exist to raise funds, but they are not the project itself; rather, they are tokens issued by the project, each of which corresponds to a right or share in the project it represents.

Depending on the NFT, this NFT lasts you buy and sell online at several shops that provide this, such as the possibility that your NFT Token may not necessarily be bought, it may not necessarily go down, and the price may continue to rise. So, in my view, NFT can make a long-term investment but you have to really choose the NFT, and if it's a limited edition the price can be very expensive.

[Ceyflix-Rez]

How many ICO projects from 2017 are still alive today? To me they aren't many simply because they die over time due to lack of real world use case, do not compare NFT with ICO projects, just because there is less demand compare to ICO doesn't mean ICOs are better, I hardly invest in scam NFT projects

[danherbias07]

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.

[Fivestar4everMVP]

There are several reasons to the why people are not adopting NFTs the same way ICOs were adopted in 2017 and beyond.
I will give one reason which i think is one of the whys, it is commonly said that people fear what they don't understand and hate what they can't defeat, don't be surprised, alot of people are yet to really come to terms of what NFTs is all about, and most of those who know, are busy chasing money because we know that NFTs were never created for monetary gains, NFTs are like that piece of art you buy out of its beauty and hang in the wall of your home never to be sold, the only difference is that, NFTs are digital arts, and the advantages of this digital form supersedes it's analog form in many ways, one of them is that, digital arts can now be used as a character in mobile and pc games, no longer will they have to hand there on the wall doing nothing, just as it is with analog art.