Are NFTs overhyped?

[Brus123]

Do you think NFTs are overhyped? If not, why? Your input will be greatly appreciated. Thank you.

Actually, I think that the whole crypto market is overheated now, that is why it must be a correction. As for NFTs, it the most trendy thing but hype can't last for a too long-period of time, so maybe NFTs will be also abandoned for a while. Nevertheless, I think that interest in them will remain and developers will found new projects that will set up new waves of hype around this sphere.

[barabeku]

I just don't see any real value to NFTs other than serving as purely speculative instruments (like "meme" coins).

Actually, you don't see any real value of NFTs as they are used only for entertainment. Nevertheless, I know that digital art and games are not its limit. Non-Fungible Tokens are going to be used for tokenizing physical assets, different documents and even ideas. I know some projects that are adopting NFTs for real use-cases, but now they are on development stage so we are just to follow recent news.

[aprilnot]

Do you think NFTs are overhyped? If not, why? Your input will be greatly appreciated. Thank you.

not too overhyped, but just getting out of hand. NFT is an attraction for the market, but its insanely expensive price makes it look weird. many think NFT is based on pure speculation and there is no art in it. only with influence, one can sell NFT at a high price and otherwise original artwork made by an unknown person will only be priced cheaply.

[herurist]

Do you think NFTs are overhyped? If not, why? Your input will be greatly appreciated. Thank you.

Actually, I think that the whole crypto market is overheated now, that is why it must be a correction. As for NFTs, it the most trendy thing but hype can't last for a too long-period of time, so maybe NFTs will be also abandoned for a while. Nevertheless, I think that interest in them will remain and developers will found new projects that will set up new waves of hype around this sphere.

In fact, I feel pessimistic about this NFT because from all angles they are too overhyped and now there are lots of frauds and manipulations there and it is not impossible if they will only last for a while after that they will be abandoned.
I hope something like this doesn't happen but if the NFT is damaged by its internals for a long time, I think something like this will happen and maybe ICO 2017 will happen again.

[smartaction]

NFTs are everywhere these days. From digital arts and paintings to in-game items, there's an NFT for everyone. Some NFTs are selling for big bucks, even when they don't have any intrinsic value. There's a lot of hype surrounding NFTs lately, where companies are joining the Blockchain bandwagon in order to obtain a piece of the pie. At the end of the day, real use cases for the mainstream world matters. It's not about hype, but rather about usability. I just don't see any real value to NFTs other than serving as purely speculative instruments (like "meme" coins).

Do you think NFTs are overhyped? If not, why? Your input will be greatly appreciated. Thank you.

At present NFT marketplace has got a much popularity. And now the NFT project is constantly coming to market. And most NFT projects are succeeding which is why everyone is increasingly attracted to NFT project so it seems NFT project is now overhype

[Google+]

At present NFT marketplace has got a much popularity. And now the NFT project is constantly coming to market. And most NFT projects are succeeding which is why everyone is increasingly attracted to NFT project so it seems NFT project is now overhype

I only saw NFT as an ordinary project and never had more interest in it because overhyped projects can also end very sadly, but taking advantage of it at this point is a very viable strategy for everyone in the crypto space too.

[DapanasFruit]

I have the same kind of questions on NFTs and though I must admit that all the surrounding excitement and hypes around it can sometimes be so enticing. Who would not be attracted to making money by selling pictures of rocks or those punks? Honestly, even if you are now the legal owner of a picture of a rock...what will it do to you aside from the opportunity to soon or in the future sell it a hundred fold? Right now, it is so easy to mint NFTs but of course there is no guarantee that you can sell them easily not unless of course you happen to be a famous star or a celebrity of some sort. Now, will NFT have a good, bright and lucrative future? The answer can be yes but there comes a time when the industry will consolidate and buyers will really be looking for real value so that when the smoke clears only those genuinely valuable can survive...how the market will define value can be an exciting to watch.

[pakhitheboss]

Many big celebrities and companies are now investing or exploring this zone. At the moment the hype has gone down but with recent announcement by facebook it is going to pick up once again. I am still learning new things and checking new projects in this space. One thing I realised is to avoid Ethereum based NFT as you will end up paying more for transaction fee than the actual cost of the product.

[Russlenat]

NFT are very popular now so probably it's overhyped. Also, we are in a bull market so anything new will easily sell, and though there are NFT's that are really good for the long term I believe just like other projects, ICO, IEO and etc, only few will survive as the rest are just joining the hype hoping they could sell and scam investors.

People mostly think of NFTs are something bind with games that is untrue. With NFT, you can mark the ownership of anything from game items to financial reports, medical records or arts.

Therefore, I meant NFTs have very wide area of use cases and this will help this trend last even after the bull market. I don't think NFT will die or disappear like PoS and Masternode or ICO. There will be more successful NFT projects than any trend in the past.

Don't forget the Metaverse trend is coming with ETH, Facebook and perhaps more Big techs will join.

That's what some investors do understand about NFT, it's more on a play-to-earn game that's why it's so hype, but the hype does not really stay forever because only those projects with continuous development and good plans are on their future will survive and be successful.

[cryptomaniac_xxx]

Many big celebrities and companies are now investing or exploring this zone. At the moment the hype has gone down but with recent announcement by facebook it is going to pick up once again. I am still learning new things and checking new projects in this space. One thing I realised is to avoid Ethereum based NFT as you will end up paying more for transaction fee than the actual cost of the product.

The hype are still there, recently it was Ronaldinho, one of the best football player of recent generations.

https://www.thestreet.com/crypto/news/new-nft-marketplace-launching-with-ronaldinho

I do agree though, Ethereum based are to be avoided for now, because of the exorbitant fees.

So I would say that NFT's currently are overhype, no offense, everyone can just make some art and then make money out of it.

[judaspriest]

At present NFT marketplace has got a much popularity. And now the NFT project is constantly coming to market. And most NFT projects are succeeding which is why everyone is increasingly attracted to NFT project so it seems NFT project is now overhype

I only saw NFT as an ordinary project and never had more interest in it because overhyped projects can also end very sadly, but taking advantage of it at this point is a very viable strategy for everyone in the crypto space too.

Everyone certainly has their own views regarding the NFT project and I personally see that NFT is a project that has potential,
it's true when we use it well of course it will generate profits,
I think NFT is a new project in crypto and hope it will continue to grow

[Cling18]

As for me, yes, they're overhyped especially if players are earning through it. However, there are also NFTs that have a huge potential in a long run. Some projects are just good for profit-taking because they don't have a specific whitepaper and sometimes they couldn't handle the game or even control the farming supply of the game. That's why we still need to be skeptical in picking an NFT.

[Ararbermas]

For a normal investors its over hype but for those investors whose been here in space for years for sure it's not, i mean not that much.. because we all knows that NFT'S is very popular in different ways such games and arts etc, and for sure most of the speculation with it is another 2x improvement in the future or more as they're keep showing good performance and still getting more attention all over the world because of some popular people as well behind of some NFT's projects. So for me in my personal opinion i can say that this is just beginning for NFT's wherein there's more surprises in the near future..

[Oasisman]

Do you think NFTs are overhyped? If not, why? Your input will be greatly appreciated. Thank you.

It's not actually over hyped If it wasn't over priced in the first place. Rich people made it more like it's something really valuable in the long term, thus pricing those digital arts called NFT with luxurious price.
Now, what's over hyped is the p2e NFT games that relentlessly coming out in the public everyday. Because people actually loves an active investment where you can dictate yourself how much would you like to earn everyday than buying a digital art hoping for it to increase it's value in the future.

[Etranger]

Do you think NFTs are overhyped? If not, why? Your input will be greatly appreciated. Thank you.

Actually, I think that the whole crypto market is overheated now, that is why it must be a correction. As for NFTs, it the most trendy thing but hype can't last for a too long-period of time, so maybe NFTs will be also abandoned for a while. Nevertheless, I think that interest in them will remain and developers will found new projects that will set up new waves of hype around this sphere.

I believe, the question was if NFTs are overhyped in general, and not just at the moment. Therefore, there should not be much correlation with the current situation on the market.

Do you think NFTs are overhyped? If not, why? Your input will be greatly appreciated. Thank you.

not too overhyped, but just getting out of hand. NFT is an attraction for the market, but its insanely expensive price makes it look weird. many think NFT is based on pure speculation and there is no art in it. only with influence, one can sell NFT at a high price and otherwise original artwork made by an unknown person will only be priced cheaply.

They may not always be seen as an artwork. A huge amount of NTF was created only with the aim of making money, using the already existing popularity of some celebreties. So they found another way to monetize their own fame without generating anything creatively worthwhile, that could be concidered as art. A completely different question is why most people like it and they support the hype. As for me, NTFs are another manifestation of how people can get in touch with their idols.

[yazher]

Most of them are overhype so be careful to make your own personal research before investing in any of them especially those newly games that offer huge ROI because most of them have only come from the past games that already been vanished after they got huge money from their late investors so they've just created new ones to fools us. They have been acting like the old cloud mining industries which where most of them were busted due to their nature where they were just pretending to be legit in the beginning but a poisonous snake in the ending because they ran away when they get what they were after.

[Vaskiy]

Just because few NFTs made big profit people come to a conclusion on the whole that investing in NFT will bring good profit. I believe this to be same as the ICO hype that made worthless projects make good profit by the bull market. Once after the bull market those projects weren't available anymore in the market. NFTs too might turn into such scenario, so make use of the market accordingly.

[BIT-BENDER]

I think NFT had a purpose and it was going to achieve those purpose and could still, but for the influencers that were up on it's neck, crypto-currency has a new worry -although old but it's getting worse now- and that is activities of Influencers, their activities can sell out any NFT, memecoins and anime but for only a time period, if crypto-currency adoption will last long, then influencers has to influnce project that they are truthfully about and not project that they have been paid to influence, NFT in my thoughts has no look term future anymore.

[darmin]

For me this is a natural thing. NFT is unique and collectible because digital objects are the only ones then we are free to collect as we wish, if this becomes a rare thing it will be profitable. But on the other hand the NFT itself does not have definite rules and is very speculative and this makes overhead because it does not necessarily have a clear purpose.

[geegaw]

Do you think NFTs are overhyped? If not, why? Your input will be greatly appreciated. Thank you.

Actually, I think that the whole crypto market is overheated now, that is why it must be a correction. As for NFTs, it the most trendy thing but hype can't last for a too long-period of time, so maybe NFTs will be also abandoned for a while. Nevertheless, I think that interest in them will remain and developers will found new projects that will set up new waves of hype around this sphere.

Instead of saying NFT will be abandoned, we should assume neutral that the NFT will have saturation because the performance of NFT is currently very high due to too many new properties to exploit but over time, we have also noticed that the NFT is starting to lose its original color and harmony, once the mixing is not favorable and causes a lot of discomfort, the NFT will go into a state of maintenance and slow development to preserve meaning. The meaning in terms of form and role will still have a unique feature in the future, but it will not be as widespread as it is now when everything is still too special and profitable.