NFT presales vs ICOs

[andyou1234]

I think NFT needs time and a process to be able to develop and has a big risk, which is prone to disposal of the caries that we perform as an investment, I personally prefer a logical and definite one where I prefer to invest with coins that have bright potential and prospects in crypto, namely coins that are ranked in the top 10 of CMC, because the opportunity to be able to provide profits in the future is very high.,

[1715003639]

1715003639

[1715003639]

1715003639

[1715003639]

1715003639

[1715003639]

1715003639

[crzy]

You are not wrong. ICO's, DeFi, NFT's have generated lots of hype and the hype enabled lots of scams. I've been reading that there are people who buy their own NFT's for millions and then put it on the market. They are basically wash trading and now NFT's made it even easier to do than what it was. Eventually this NFT craze will also die off. I wonder what they will come up with next.

Its just a matter of time before NFTs die, and we all know new trend will come into this market because we keep on growing and for sure, new inventions will be made. They are almost the same raising funds through the hype and if there’s a great demand for it expect for the price to go up and corrections will come later. NFT is still on a hype though, there’s still a chance to buy and make profit.

[magneto]

I've been deep-diving into many pre-sales and it's quite evident the amount of hype that this new market is generating, and there's still a lot of room for growth in my opinion.


I genuinely think that NFT pre-sales are comparable to ICOs back in 2017/2018, when very few projects required whitelisting and with no vesting schedule, so everybody jumped in in order to sell shortly after the live listing, causing many pump and dump movements, which led many projects to death.


What's your opinion about that?

You're exactly right.

A lot of the NFT sales right now have no substance whatsoever and only exist to make sure that the founders get their payday.

If you are hunting for presales, please do your research and make sure that the art being sold is not being pirated, the smart contract is actually legit, etc.

Lots of resemblance between this NFT craze and the ICO craze back in 2017...

[bitgov]

I've been deep-diving into many pre-sales and it's quite evident the amount of hype that this new market is generating, and there's still a lot of room for growth in my opinion.


I genuinely think that NFT pre-sales are comparable to ICOs back in 2017/2018, when very few projects required whitelisting and with no vesting schedule, so everybody jumped in in order to sell shortly after the live listing, causing many pump and dump movements, which led many projects to death.


What's your opinion about that?

I'm afraid you're right. The 2017/18 situation with the ICO is very similar to the hype we have now on the NFT. I don't know how long it will go on, but I think it could end very much like what happened with many ICO projects. The difference is that many projects failed because of a very long bear market in 2018.19. Now the NFT hype may last longer due to the better condition of the entire cryptocurrency market.

[TimeTeller]

You are not wrong. ICO's, DeFi, NFT's have generated lots of hype and the hype enabled lots of scams. I've been reading that there are people who buy their own NFT's for millions and then put it on the market. They are basically wash trading and now NFT's made it even easier to do than what it was. Eventually this NFT craze will also die off. I wonder what they will come up with next.

Its just a matter of time before NFTs die, and we all know new trend will come into this market because we keep on growing and for sure, new inventions will be made. They are almost the same raising funds through the hype and if there’s a great demand for it expect for the price to go up and corrections will come later. NFT is still on a hype though, there’s still a chance to buy and make profit.

On the contrary, I believe NFT industry is just starting and they are getting more popular because of its use case in the Art industry.
Artists, singers, athletes and other popular personalities are discovering this technology as new way to showcase their masterpiece to the interested public.
As a buyer, it is your task to determine if the item is authentic or not, and just buy what you are really passionate of, not because of the hype.
Because if the artwork is something that you like, even without the hype, you will treat it as a priceless possession.
I can say NFT, is somewhat different than ICOs. NFT has valuable purpose if utilized properly. Whereas, most ICOs are just launched to rip users.

[FairUser]

You may see similarities, but honestly in this space new trends and the way it evolves are meant to attract investors interested in helping the market reach bull states. After going through many big bulls in the market, I'm not too concerned with how it will turn out, what we have to do is prepare for this market.

Most of us will grow up after going through that, so whatever your goals are, you will understand what you are doing.

[lienfaye]

I genuinely think that NFT pre-sales are comparable to ICOs back in 2017/2018, when very few projects required whitelisting and with no vesting schedule, so everybody jumped in in order to sell shortly after the live listing, causing many pump and dump movements, which led many projects to death.

It has similarities but despite of that fact many people are still careless and ending up into a worse situation.

It seems they never learned a lesson from the past that the current hype doesnt necessarily mean its profitable.

Regardless how good the project is, its a must to do an extensive research to avoid scam projects.

[o48o]

(snip)....
 Eventually this NFT craze will also die off. I wonder what they will come up with next.

Its just a matter of time before NFTs die...
(snip)

Well i think you people are wrong.

ICOs never died either, there will still be new funded projects. They were just changing their name to IEOs (which were just called icos before this new cex branding idea) or private sales or moving to DEXes (IDOs).

NFTs (ERC-721 or other protocols) won't die same way as ERC-20 or BEP-20 (or others) won't die. I don't think anyone dissing NFT is having very deep understanding what it is or what the potential use cases are.

[aruldaroy]

When NFT Presale and ico presale are compared, the two do not match.
Because they are both different ways of buying it.
Because the NFT Presale method of selling is based on certain specifications, the buyers are also limited because they make certain regulations.
Unlike Ico, which is open freely so many people can buy it as long as they have the money.
But you also need to remember that NFT is very vulnerable to risk, unlike Ico tokens.

[RiskySanchez]

If NFT presale is compared to ICO in value, of course, ICO is different way. ICO is a way to get investors by selling their tokens, which are calculated to be volatilefor asset token they have, while NFT value will be stable and will even increase according to the scarcity of NFT assets, even big companies like Nike and Adidas are becoming one of the leading NFTs that enter the crypto market selling their NFT products

[riskarcher]

The ICO in 2017/2018 was the worst, there were many scam projects whose purpose was not clear but it can't be denied that this year there are still ICOs that steal investors' money. I have experienced 2 times in 2021. NFT presale is better because it is launch with IDO which means exchange who sell NFT new projects have stable value compared than ICO Tokens

[topbitcoin]

There are 2 type of investor, in any type of sales. I mean both NFTs or ICOs sale, there will be an investor who look for short profit and they usually follow the hype or create the hype and then change to another project, and investor who be project believer and hold as long as they can to support the project, so pump and dump and dead project is something usual happened in crypto.

[ven7net]

I've been deep-diving into many pre-sales and it's quite evident the amount of hype that this new market is generating, and there's still a lot of room for growth in my opinion.


I genuinely think that NFT pre-sales are comparable to ICOs back in 2017/2018, when very few projects required whitelisting and with no vesting schedule, so everybody jumped in in order to sell shortly after the live listing, causing many pump and dump movements, which led many projects to death.


What's your opinion about that?

As for NFTs, I believe that the NFT trend is gaining momentum right now. We can see many well-known personalities and companies announce the implementation of NFT, which means that the NFT market has not yet reached its peak and probably in 2022 we will be able to see another increase in the development of NFT. Are NFT presales similar to ICOs? There is probably a similarity, since both of these directions were able to give impetus to the development of the crypto industry and the adoption of crypto. So the NFT market has not yet reached its peak, which means we can still make good money on it.

[el kaka22]

I would guess that NFT is the worst of the two. Why? Because, in the NFT world you are not getting the same thing as everyone else, so you are getting something in presale but it is a unique thing, which means that you may profit from it if it is a unique thing, but if it is a common one then you won't.

Hence, it is clearly important that we do not end up with anything that is too worthless but we can't know that. This is also the same reason why I would prefer IDO, why? Because, I am getting the same thing everyone is getting but I am getting it earlier and I am getting it cheaper, which means there is a good chance I could profit before anyone else.

[VanDeinsberg12]

I think ICO and NFT is the same honestly, but NFT brings real game that could lasts for significantly longer if compared with ICO that are mostly just bringing some gimmicks.
see the NFT land that you could own, they could literally have so many function inside the game, it could be used for making advertisement if the game turns out becomes hits just like decentraland,
I think in the long run NFT bring a lot more benefits if being compared with ICO in the past I think because there are so many scams ICO but with NFT you could at the very least see the product that is a game, and maybe arts and see
if they are truly great alternative of investment.