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Author Topic: Your opinion, NFT last long or not ?  (Read 2427 times)
Lanatsa
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October 16, 2021, 04:10:47 PM
 #81

in my opinion nfr - for a long time. Why so? It is enough to look at cryptopunks and news from their community. When owners refuse to sell their NFT for 2500 Eth.
It won't change anything because as long as no new investors see it and are interested in it, then a very big change in the long term will never happen to the coin, because that is a very common thing to happen to other coins.

Supply and demand matters indeed, but with good marketing nft project may able to reach the right people or investors
to join the ride, they are the one who are responsible for bringing traders and investors to their project.
So far we still in the progressive stage, there are project base from NFT which still gaining interest and attentions from people
who love taking the risk.

It wont become a trend if it didn't really get any demand or attention into this market.We cant be sure if it would last long or not because we don't know on what future holds because everything that

do sustain is something which does have actual real use case and im not seeing that one on NFT but surprisingly it is really getting that high demand but well we don't hold on what are the things

currently happening because it will always vary on the demand and lets see on what would happen in the future if this would continue or not.

R


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October 16, 2021, 04:16:19 PM
 #82

There are hundreds of platforms around the world waiting to give you access to thousands of Cryptocurrency. And to find the right one for you, you must decide what features are most important to you.
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October 16, 2021, 04:51:15 PM
 #83

Decentralized finance (DeFi), Web 3.0, financial inclusion, the rise of non-fungible tokens (NFTs).
Axie Infinity success, Will the others be successful too?

https://www.bbc.com/news/technology-56371912.amp

As for me, that direction of NFT has not yet fully realized itself on the market, which means that many NFT platforms have time to enter the market and become successful. All this is because in order to fully implement the development of NFT, the market, as well as the NFT industry itself, needs a working infrastructure, in other words, a working ecosystem, which would include working products that can fully meet the community's need for using NFT. But at the moment, NFT does not have a sufficient number of successfully working products and platforms, which means there is still time and a place to develop and achieve success. I personally like NFT and I myself am actively involved in some NFT platforms.
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October 16, 2021, 05:15:26 PM
 #84

Decentralized finance (DeFi), Web 3.0, financial inclusion, the rise of non-fungible tokens (NFTs).
Axie Infinity success, Will the others be successful too?

https://www.bbc.com/news/technology-56371912.amp
Obviously NFTs are here to stay for long. By NFT I means the technology of NFT and not individual NFTs, the technology definitely would stay here for a long long time but most of the hyped NFTs today might not even fetch their mint prices in the future. The way developers of most of the NFTs are behaving, it's pretty clear that all they wanted was money and not building a community, because most of the projects are already abandoned, only a namesake development is being made in most of them, just like it happened with altcoins and then defis, just a few would eventually stay.
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October 16, 2021, 05:25:12 PM
 #85

I think gaming and Nft space in Cryptocurrency is getting over saturated as it is.  The non- fungible tokens is evolving and there are many quality project that poise to create something meaningful and valuable.  Having said this,  the NFT trend will come to an end and people will move on to something else.  

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October 16, 2021, 09:07:42 PM
 #86

Without a doubt, Axie Infinity is the world's leading NFT game, its success has been based on the game economy and taking advantage of the most vulnerable economies, making its business model generate employment through scholarships that can be assigned , the game takes advantage of the community of gamers to let them know that what they do can be very well rewarded and that is where the success lies, in addition to the degree of complexity that the game has in the PVP encounters.

If we add to this the different updates that are being made, this makes the community increase, and this will extend the life of NFT games as a whole, if the games follow this scheme I think they will have a long life.
Do you ever feel like there is a good chance that we get to see Axie becoming worse while other games go up. I understand that bitcoin blockchain is not the best blockchain and bitcoin is not the "best" coin thinking how there are so many that improved on it and made better stuff but bitcoin is still the first one at the top with biggest marketcap. However axie is a game, and let's be honest it is not a good game neither, it is a mobile app level of game and not a good proper computer game.

There could be SOOOO many better games, the gaming world could provide us with AAA game that could be worth 200-300 million dollars to build and then we would have an NFT game that took 100+ coders and 100+ other people total of 200-250 staff, and 200-300 million dollars (marketing included) and you would have something that would be literally 10000x better than Axie. I am not saying that will happen, but what if? What if it happens? What will happen to crypto world?
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October 16, 2021, 09:30:25 PM
 #87

Decentralized finance (DeFi), Web 3.0, financial inclusion, the rise of non-fungible tokens (NFTs).
Axie Infinity success, Will the others be successful too?
When ICO became popular, there are many projects that became successful.
When DeFi became popular, there are many projects that became successful as well.
Now NFT is the one whose popular right now and we've seen new projects/games everywhere with different genres.

Axie Infinity will be just one of the few NFT games that will stay for a long time because of its success and what it achieved. Although there will be some who will become successful, there will be more projects that will end up as a scam or lack of support coming from the community. NFT will last long I think.

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October 16, 2021, 09:54:22 PM
 #88

I think gaming and Nft space in Cryptocurrency is getting over saturated as it is.  The non- fungible tokens is evolving and there are many quality project that poise to create something meaningful and valuable.  Having said this,  the NFT trend will come to an end and people will move on to something else.  
It might be because just as the past craze in the crypto market, they've became saturated. But many will be out and gone for sure because users will be only staying to where it is beneficial.

A few might survive and here to stay and the rest has to reinvent or just completely be gone outrightly.

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October 16, 2021, 11:26:13 PM
 #89

Quote
Your opinion, NFT last long or not ?
NFT or Defi can end the trend at any time, not impossible if someday people stop buying NFT and move to a new trend. But I think it won't happen in the near future, the trend of NFT probably lasts for years. I predict the trend of NFT to survive at least in the next 5 years. More people are joining NFT, which is a sign that the NFT trend to last a long time. Nowadays, we can see people are enthusiastic about NFT and they believe to keep it for their future. I don't see a sign that NFT trend will be over soon.

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October 16, 2021, 11:50:24 PM
 #90

Decentralized finance (DeFi), Web 3.0, financial inclusion, the rise of non-fungible tokens (NFTs).
Axie Infinity success, Will the others be successful too?



So much depends on how the developer develops and maintain the project, there are play to earn projects that are just hype after you've invested you feel sorry that you did, I have seen that in some projects where the projects are in the developmental stage and investors are not getting what they've invested because the projects are experimental if you check some play to earn projects they are good in launching but the price drops after the launch of their platform.

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October 17, 2021, 12:38:22 AM
 #91

Although I myself do not have much interest in NFT, perhaps its creators will know how to apply it more in this field and beyond.
Honestly, when I look at the metaverse products, I see that it has a lot of potential to be exploited, but as I understand it, it doesn't stop there and hopefully in the near future we will have more NFT products.

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October 17, 2021, 09:42:11 AM
 #92

Decentralized finance (DeFi), Web 3.0, financial inclusion, the rise of non-fungible tokens (NFTs).
Axie Infinity success, Will the others be successful too?

https://www.bbc.com/news/technology-56371912.amp
NFT for another year or two is likely to be a success, but not all new NFT projects being launched will be like Axie Infinity. For example, if there are 100 NFT projects launched next year, only a few will be successful because it really depends on how the concept is implemented by each team involved. It is possible that only Axie Infinity will be successful, others will not follow.
In every project that is successful, it's always followed with the hype, they saw the success of Axie Infinity so other projects made their own thinking that people will invest because it's hype now, however, the reality is not all projects has the potential as they are not composed of a team that is capable of bringing success to the project, just like in altcoins, there are thousands of scam projects but only a few are legit and yet some are even struggling to survive.
You are right in this context, it is very necessary to prioritize analysis on projects that try to package like projects that have been successful in the market like the team involved in the project. That's why I said above, not all new projects will be as successful as Axie Infinity. If I'm not mistaken, there are several that have succeeded besides Axie Infinity, namely Enjin Coin.

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aylabadia05
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October 17, 2021, 09:56:44 AM
 #93

NFT for another year or two is likely to be a success, but not all new NFT projects being launched will be like Axie Infinity. For example, if there are 100 NFT projects launched next year, only a few will be successful because it really depends on how the concept is implemented by each team involved. It is possible that only Axie Infinity will be successful, others will not follow.
NFT already had the great period that it should have. Nothing in crypto lasts for very long years as a method, the coin or token from it could be surviving but the fact that the method will not be going strong. Like for example from the "release the wallet" method of 5-10 years ago we still have some good coins, like btc and eth.

From the ICO period we have stuff like doge and ada. From IEO period we have some, and from the defi world we have uni and cake, and from the NFT period we have some ape stuff and punk stuff and even axie. However the method itself will not be strong forever, like in 5 years you are not going to get some new NFT that makes people millions of dollars.

This is why I believe we should not be looking to make a profit based on what is hype right now since it will not be the same as the previous ones. Like in NFT world, we had axie already, which means not every game that you see will be like axie, but some people invest like whatever they invest will be "next axie" and that will end up making you lose money, do not do that.
I believe that there are people who are still stuck with the trend as you describe so that people will complain someday. There are so many projects trying to launch when one that is gaming is successful like Axie Infinity. I have repeatedly told people close to me that it is not easy to get caught up even though there are already successful gaming projects. Because I think that something that is in a trending condition will definitely end.

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Ngewex Yuk
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October 17, 2021, 02:19:21 PM
 #94

NFT has good prospects in the future so I'm sure it can last at least 10 years from now, NFT is different from the momentary trend because when people are rich they will look for things they like and everything is in NFT. and it is proven that currently many NFT projects are successful.

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October 17, 2021, 02:27:20 PM
 #95

NFT has good prospects in the future so I'm sure it can last at least 10 years from now, NFT is different from the momentary trend because when people are rich they will look for things they like and everything is in NFT. and it is proven that currently many NFT projects are successful.
I don't think we really need to wait that long, NFT development was really fast as we can see it's already implemented to some sector like Gaming, Maybe we can see really soon on the next few years where we can see the full potential NFT beside it's not about the rich and poor, NFT changing digital creator to interact with it's fans through commision or anything like that.
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October 17, 2021, 03:24:11 PM
 #96

NFT has good prospects in the future so I'm sure it can last at least 10 years from now, NFT is different from the momentary trend because when people are rich they will look for things they like and everything is in NFT. and it is proven that currently many NFT projects are successful.
For now, everyone can say that because there are many successful projects in NFT, but believe me that every human being is not a god who can predict the future of every cryptocurrency project including NFT, so what you say can happen the other way around, because you too humans who cannot see the future and determine it now, because during those 10 years there will be many events in cryptocurrencies that can result in unexpected things, including the loss of NFT.

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October 17, 2021, 03:27:01 PM
 #97

NFT has good prospects in the future so I'm sure it can last at least 10 years from now, NFT is different from the momentary trend because when people are rich they will look for things they like and everything is in NFT. and it is proven that currently many NFT projects are successful.
I don't think we really need to wait that long, NFT development was really fast as we can see it's already implemented to some sector like Gaming, Maybe we can see really soon on the next few years where we can see the full potential NFT beside it's not about the rich and poor, NFT changing digital creator to interact with it's fans through commision or anything like that.
maybe yes and maybe no, that NFT doesn't have to wait long like you said, agreeing that it's in the form of games, of course I totally agree. because the market share is very large and there can be other alternative games. but then again many games were present before NFT also grew. need to be seen in the future journey whether there can be more games available or just how much.

but for other products it seems that they are still looking for their own share to be accepted in the market, because many are still guessing and are not used to being in digital form. it still takes hard work because it is not easy to be able to transfer it into digital form and to store it, once again the habitual factor that has not been able to accept this new thing.
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October 17, 2021, 03:44:51 PM
 #98

NFT has good prospects in the future so I'm sure it can last at least 10 years from now, NFT is different from the momentary trend because when people are rich they will look for things they like and everything is in NFT. and it is proven that currently many NFT projects are successful.
Steam is a leading copyright management and distribution platform with a game system and the latest information they announced to their users today is a denial, even more severe, an outright ban of games related to NFT, although there are quite a few voices from many platforms expressing interest for the re-entry of NFT gaming in the near future but a giant in distribution has put such a boycott, it's also hard for other distribution bosses to create miracles, overturning this bad result. NFT's future brightest line has been blocked and it carries many meanings of the end of the NFT movement

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October 17, 2021, 04:05:20 PM
 #99

There are many opinions that there is no guarantee that digital assets in the form of NFTs can last forever. From my point of view, I think it depends on which blockchain the NFT is built on. NFT is a token on a blockchain, if the entire blockchain disappears, NFT will disappear with it. That is not a big problem for projects that are developed on good blockchains, but now there are many NFT projects based on new blockchains with few users.
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October 17, 2021, 04:07:09 PM
 #100

maybe yes and maybe no, that NFT doesn't have to wait long like you said, agreeing that it's in the form of games, of course I totally agree. because the market share is very large and there can be other alternative games. but then again many games were present before NFT also grew. need to be seen in the future journey whether there can be more games available or just how much.
Games in the past have lost to the presence of the NFT concept in cryptocurrency, so the alternative is only NFT at this time for games, but talking about time it still really depends on how long everyone wants to play it on NFT.
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