NFTs new features on the market

[Milan1009]

Most of the NFT collections over the crypto space don’t have any utility whatsoever, this issue is beginning to get addressed by a few projects, like DeFiDOJO, with innovation and one of the last features released has been yNFTs (Yield NFTs), where they are trying to combine the beauty of DeFi with collections, have you put your NFTs into a good use lately? what are your thoughts about this?

[MadeMen]

The major reason why people hold NFTs is because of potential increase in value. I understand some persons also have esoteric attachments to art works and are willing to buy them to fulfill their fantasy and attachments, but I really don't think people are concerned about the use case of NFTs as several of them are not developed for that reason.

[Javi_Anibarro]

We can not generalize everything into one because there are people who see something based on its beauty/aesthetic and there are people who see everything based on its use case.
Take me as an example, I am the kind of person who sees everything based on its use case, but that does not mean I am against them.
It is not an issue if it was created solely just for collectible or aesthetic only, everything is fine as long as it is targeting the right people and not forcing them to keep the side against their own will.
In short it is not a concern at all to begin with.

[blockman]

It is a fact that most of the NFTs don't really have a utility. But people are still investing in it because of the market value, it's like that after someone has purchased it, the value increases if he starts re-selling it. IMHO, not all of them have that cycle because I saw some NFTs that have been dropping in prices and there's really a market on it where it relies on. So if the market and economy of that specific NFT are strong then its price is going to be higher if it's on-demand and vice versa.

[btc_angela]

It is a fact that most of the NFTs don't really have a utility. But people are still investing in it because of the market value, it's like that after someone has purchased it, the value increases if he starts re-selling it. IMHO, not all of them have that cycle because I saw some NFTs that have been dropping in prices and there's really a market on it where it relies on. So if the market and economy of that specific NFT are strong then its price is going to be higher if it's on-demand and vice versa.

The the hype, so currently there is a huge demand and those people behind are trying to be innovated to keep the market going and alive.

But we don't know how long this hype and the hype are going to be, we all know that there is this kind of certain life span, like ICOs in 2017, IEO and other hype that died down when a new one comes along. The best thing we can do is to take advantage of what it can give us, and then move on and take profits.

[Ulven]

Predicting the future can be as hard as predicting a coin toss. Really, you have no idea which way technology will go. I guess it's up For the crypto community who wants to acquire digital artwork in order to resell or keep.
So far with NFTs, we are still in a developing stage and this is just the beginning of what will surely grow into a large industry like games or media distribution . We are still very much in the infancy so it is tough to say how things will pan out.!!op. I believe that the right approach to take on this new era of digital works is to educate people on how they should be thinking as far as ownership and more importantly what is their intended context of use. This means understanding the true value of digital artwork, especially in a crypto-economy.

[blockman]

It is a fact that most of the NFTs don't really have a utility. But people are still investing in it because of the market value, it's like that after someone has purchased it, the value increases if he starts re-selling it. IMHO, not all of them have that cycle because I saw some NFTs that have been dropping in prices and there's really a market on it where it relies on. So if the market and economy of that specific NFT are strong then its price is going to be higher if it's on-demand and vice versa.

The the hype, so currently there is a huge demand and those people behind are trying to be innovated to keep the market going and alive.

But we don't know how long this hype and the hype are going to be, we all know that there is this kind of certain life span, like ICOs in 2017, IEO and other hype that died down when a new one comes along. The best thing we can do is to take advantage of what it can give us, and then move on and take profits.

It is uncertain how long we shall this to stay. The comparison of the past project's hype can really be the same for the NFTs these days but just as those, it will continue to remain but the hype is unknown when it will be there. Just see to it that the best of the projects in the NFT will still exist despite if they'll be hit by an actual depreciation or bear market.

[Yogee]

Most of the NFT collections over the crypto space don’t have any utility whatsoever,

I get it that this is crypto and tokens must be of use but what utility do you really expect from an NFT  collectible? The main purpose do not really differ from physical collector's item. Staking is good to earn something but it's still all about the historical value.

[Natalim]

Most of the NFT collections over the crypto space don’t have any utility whatsoever, this issue is beginning to get addressed by a few projects, like DeFiDOJO, with innovation and one of the last features released has been yNFTs (Yield NFTs), where they are trying to combine the beauty of DeFi with collections, have you put your NFTs into a good use lately? what are your thoughts about this?

I'm not seeing it works well and how it functions? It is better they'll come out with their original concept instead. And I don't think this could help to make people believe that NFTs are worth enough coz they are probably wrong with this (my opinion).

I still thinking about how we can benefit these collectibles, investors will not be focused on that but rather focus on where they can make good money from their investment. By now, NFT projects are somewhat losing their sight as this metaverse is also gaining attention.

[kotwica666]

*SNIP*

NFT increases its value mainly due to its uniqueness and sometimes because of marketing tricks. yNFT would guarantee earning in yet another way. It is certainly a very big plus for investors and further develops the potential of all NFTs. I am sure that thanks to yNFT the interest in this industry will increase by at least a dozen or so percent.

Could you please provide the source of your information?

[indah rezqi]

Most of the NFT collections over the crypto space don’t have any utility whatsoever, this issue is beginning to get addressed by a few projects, like DeFiDOJO, with innovation and one of the last features released has been yNFTs (Yield NFTs), where they are trying to combine the beauty of DeFi with collections, have you put your NFTs into a good use lately? what are your thoughts about this?

NFT is a new concept in the crypto world which has recently become a trend in various circles, including currently NFT still has a high demand. But rest assured that the NFT trend won't last forever like other cryptos.

If I say and suggest to stop at NFT, then it's not my right because NFT is someone's art. But choose the one that can benefit us. The advantage I mean is not just money, but more in value.

[Gayong88]

Not yet, I'm just trying to learn it. For now, the price of NFT is still influenced by the price of the crypto itself, just like NFT on Ethereum, is affected by fluctuations in the price of Ethereum, and as you said almost every day many new NFTs appear in this crypto space and its features, but it's best to take some steps ie check NFT fees/just launched on this website: https://app.traitsniper.com/ then select NFT Ethereum network = focus on image art, NFT Matic = focus on crypto gaming Then buy NFT according to the budget. Another important point of NFT is to get people used to buying things using crypto.

[WalkerIVIV]

Most of the NFT collections over the crypto space don’t have any utility whatsoever, this issue is beginning to get addressed by a few projects,

Most of collections in NFTs based on art and it will never have utility. that's different when you are talking about NFT based on the game and it will give you utility just like it can be staked, minted or something else. The only problem is NFT art is not so useful at all for its holders. Don't you see how many NFT art have been fallen to the ground after it was reaching the peak price?
When you are owning NFT art is different when you're owning NFT game. NFT game can be sold to the market easily while art is so difficult.

like DeFiDOJO, with innovation and one of the last features released has been yNFTs (Yield NFTs), where they are trying to combine the beauty of DeFi with collections, have you put your NFTs into a good use lately? what are your thoughts about this?

So, what's beauty? this sounds BS for me to be honest.

[Chato1977]

Most of the NFT collections over the crypto space don’t have any utility whatsoever, this issue is beginning to get addressed by a few projects, like DeFiDOJO, with innovation and one of the last features released has been yNFTs (Yield NFTs), where they are trying to combine the beauty of DeFi with collections, have you put your NFTs into a good use lately? what are your thoughts about this?

I have quitted from my NFT connection since my failure from SLP in which i have been trapped when the price drowned like in a deep sea.

Maybe i will consider one again when the growth of those NFT mentioned above so if that is considerable then i will do it then.

[Milan1009]

*SNIP*

NFT increases its value mainly due to its uniqueness and sometimes because of marketing tricks. yNFT would guarantee earning in yet another way. It is certainly a very big plus for investors and further develops the potential of all NFTs. I am sure that thanks to yNFT the interest in this industry will increase by at least a dozen or so percent.

Could you please provide the source of your information?

Sure, the yNFT feature mentioned on the top is something that a project called DeFiDOJO is developing.  https://defidojo.io/

This post intention is for the community to know about new stuff going on in the market, I understand people's apporach about NFTs just being a trend  or mainly art, but, actual utility can be attractive for some Degens on the space, I also recommend to have the proper research done about any NFT project before aping in. GMI 

[Psynthax]

NFT doesn’t have an utility for a reason, that is because NFT itself stands for Non Fungible token, basically if an NFT is lacking an utility, but instead, relies on the fact that each token is unique and used it as an identification and maybe authentication for arts
and anything like that, that’s kinda fine.
If anyone wanna develop their NFT and make it has some utilities that’s also fine, because after all it seems there are people that just wants the NFT that they invested to have some kind of utilities instead of just becoming something that’s meant for collection.
regardless, either an NFT have an utilities or not, at the end of the day, still implements same NFT protocol, so I guess it can still deserve being called NFT.

[uneng]

Only utility NFTs are able to survive and thrive thinking on sustainable and solid gains along the time. Smart developers can launch NFTs in a way they give holders access to a VIP area (virtual or physical ones), to guarantee benefits inside a service/investment platform or to let people trade virtual goods on online games easier and legally.

Unfortunatelly that is not what we most see at NFT universe, since most creations are useless and solely for artistic purposes, what doesn't make sense at all, because I think if someone wants to own an art piece, they are going to want it for real, that is, in physical form.

[BoringApeOfficial]

https://opensea.io/BoringApeOfficial This is My New Profile Please Support Me

[Xal0lex]

Most of the NFT collections over the crypto space don’t have any utility whatsoever, this issue is beginning to get addressed by a few projects, like DeFiDOJO, with innovation and one of the last features released has been yNFTs (Yield NFTs), where they are trying to combine the beauty of DeFi with collections, have you put your NFTs into a good use lately? what are your thoughts about this?

Obviously, most NFTs are of questionable value and the future value of such tokens, as well as collections, is questionable. I think that in the next 3-4 years, 99% of the NFTs that were created in 2020-2021 will die. Only the really meaningful projects for the industry will remain. Personally, I wouldn't risk investing in NFT projects, especially various absurdities like invisible stone.

[Sled]

Most of the NFT collections over the crypto space don’t have any utility whatsoever, this issue is beginning to get addressed by a few projects, like DeFiDOJO, with innovation and one of the last features released has been yNFTs (Yield NFTs), where they are trying to combine the beauty of DeFi with collections, have you put your NFTs into a good use lately? what are your thoughts about this?

They will somehow lose their value in the days coming. NFT just only got the attention because of the hypes, because of social media influencers but apart from that, they are obviously making no help to keep the market growing. And besides, most of the are scams, the majority of them are gone after lauching causing losses to the investors. And we've noticed that they only just stay for a while and many investors are then leaving for the metaverse.

But the NFT market appears to be cooling off these days, with falling transaction values and canceled auctions of high-dollar NFTs. Even some zealous NFT supporters are worried that the market has gotten oversaturated. Gary Vaynerchuk, the online marketer and a NFT mogul himself, recently predicted that 98 percent of NFTs would lose money.

https://www.nytimes.com/interactive/2022/03/18/technology/nft-guide.html

Apparently, it was clearly explained.