What's your take of NFTs?

[Qiro]

What's your take of NFTs?

Do you think are a long term solution/investment or just hype??





_______________________________________________________________________________ ___________________________________________________________________

◈ ◈ ◈ Showcasing the crypto revolution to Millions of people ◈ ◈ ◈
◈ Qiro| Blog| Crypto Market Cap◈

[1714886707]

1714886707

[1714886707]

1714886707

[1714886707]

1714886707

[1714886707]

1714886707

[1714886707]

1714886707

[o48o]

What's your take of NFTs?

Do you think are a long term solution/investment or just hype??

Current use cases are stupid but it's a cool protocol idea that's definitely going to be used in lots of things. JPGs are just the tip of the iceberg and easy enough to understand. Few people seem to know that NFTs are already used to represent LP positions in uniswap v3. They can literally represent anything and that's the cool part.

[Ararbermas]

Its always for hypes only and they cannot replace bitcoin when it comes long term.. For example Axie, as you can see after all it seems stuck up into something reason it cannot make good progress for long time now, and you know there's more NFT's that up to now are very stagnant..
So i don't think its a good choice for long term as it's very obvious that most of them always didn't last.

[o48o]

Its always for hypes only and they cannot replace bitcoin when it comes long term.. For example Axie, as you can see after all it seems stuck up into something reason it cannot make good progress for long time now, and you know there's more NFT's that up to now are very stagnant..
So i don't think its a good choice for long term as it's obvious that most of them always didn't last.

How and why do you even think that NFTs have anything to do with bitcoin or that they would be comparable? They are totally different protocols for different use cases. They are not fighting from the same spot


Saying "nfts cannot replace bitcoin" is like saying NetFlix cannot replace Auto industry. No one thinks they would.

[coco23]

What's your take of NFTs?

Do you think are a long term solution/investment or just hype??

I think they really have potential as
1) Digital collectibles (similar to old fashioned card collections of for instance football players)
2) in gaming as for instance unique & tradeable items
3) maybe as copyright protection in the future? (like proof of ownership for photographers)

The problems that I currently see is that for many it is not entirely clear what exactly the NFT is. Often it is just a URL stored on a blockchain. But what are the legal implications? What happens if the URL disappears? What happens if the underlying blockchain is hacked? Until those problems are not solved I would not use them as a store of value.

[traderethereum]

I do not take too much into NFT because my focus now is on the market.
Maybe NFT still needs more development or it is already over and will replace with the other new things, but I do not know.
But if you want to hold for the long term, you can choose the other coins than playing with NFT because it is just a trend that can replace at any time.
If you already profit from NFT, you should know when to leave the NFT before the market is oversold.

[Ararbermas]

~snip

How and why do you even think that NFTs have anything to do with bitcoin or that they would be comparable? They are totally different protocols for different use cases. They are not fighting from the same spot


Saying "nfts cannot replace bitcoin" is like saying NetFlix cannot replace Auto industry. No one thinks they would.

 sorry, but what i'm trying to say here is when it comes long term investment. And yes i know they are different but for me in my view it seems mostly investors are felling to any investment, wherein, clearly not good especially new comers that's why i've mentioned bitcoin instead of what's related when it comes NFTs.

[uelque]

I think nft's are just hype for now. But there are possibilites that they can be a long term investments depending on the project. It's too early to decide whether nft's can be a long term investment, no one can really know, but it has the potential, it's just that I'm not 100% sure. I'm not really into nft's for now,  I'm currently into market because there I can generate profit. But I still think nft's can really have a greate future.

[2tang]

What's your take of NFTs?

Do you think are a long term solution/investment or just hype??

For me NFT is just a private collection program for certain purposes only so it's not worth hyping even though it could be for a seasonal program, but some really serious developments should be well appreciated because NFT is for building good works of art.

[Lagduf]

if it’s NFT that are revolves around gaming that have sustaining long term economic model I think it could be a great long term investment.
if in the future the NFT gaming projects happens to be succesfully gaining attention in the gaming industry the investment could be giving out great results but in terms of NFT
that are falls under the category of an arts, usually its just merely a trend, I could hardly see these kind of NFT arts could be sustaining long term, I mean they could have such
tremendous valuation at the current moment and have zero valuation in the next few years because their trend has already fading.

[batang_bitcoin]

What's your take of NFTs?

Do you think are a long term solution/investment or just hype??

Some of them will or might survive for long term so be wise in choosing them and then the rest, they're all good for hype. Well, a newbie can't wear a signature.
You can buy copper membership and read the benefits that you can get from purchasing it. And that includes wearing signature as a member rank for you to insert that code you've attached to your post.

[RyanSmith23421]

I dont think its a long term solution but I also think its not completely just hype..

[Sterbens]

What's your take of NFTs?

Do you think are a long term solution/investment or just hype??

NFT to me is just a collection of stolen images, modified and then traded. While the rest that is still surviving are works of art that are up and running by the influencers' hype. I'm not interested in any NFT, though it's exciting. Realized that NFT can only have value when there is a community that spreads it on social media and becomes popular. Thus attracting buyers, imagine the last buyer in a given 1 NFT and no one else wants to buy it.

It makes more sense to trade coins or tokens on exchanges where it is clear that we don't have to worry about who and how the buyer is.

[el kaka22]

I honestly believe that they are going to be HUGE in the future with something other than images. Right now all we use NFT's for images and that's it, there are some other smaller stuff, but they haven't gone big yet, when they do and we start to use them for proper stuff then we are going to have a big time talking about it and hyping it up.

You can even provide ownership of a house with NFT, there is nothing that would stop you, only if governments make it legal, or put laws regarding that. This is why I believe that NFT's are not used properly right now, images are nice and all but they are just useless at this stage, something else that uses NFT will be bring it back.

[goaldigger]

What's your take of NFTs?

Do you think are a long term solution/investment or just hype??

It will stay for long, though there’s a big factor for a hype here but some NFT projects are really promising and beside we are growing our technology every year and with NFT, they are more possible to happen.

I still see Metaverse to be the next trend along side with the NFT so there are still years to come to see the hype of NFT. Just take advantage of the situation right now, you might find a lot of gems if you do some research about NFTs.

[Joca97]

NFTs are the future for sure but still a lot of people dont know much about them. I invested couple of $$ but into some stupid ones honestly so just wasted my money honestly. I think its really hard to predict the one that will explode and be a huge success.

[crzy]

NFTs are game changer, they introduce a lot of good projects already and seriously they are still coming in this market with the new ideas so they are most probably will stay as long as there’s a demand for the project that they will introduce. I do have some NFTs and I see them as one of my valuable investments, will hold it in the next coming years.

[Bonenx14]

NFTs are the future for sure but still a lot of people dont know much about them. I invested couple of $$ but into some stupid ones honestly so just wasted my money honestly. I think its really hard to predict the one that will explode and be a huge success.

I'm not sure the NFT hype will get better going forward because now statistically the NFT trend search has started to decline, trading volume has also decreased from its heyday so even though it's still in the NFT trend but we have to take advantage of it but not in the long term because any hype will finished at the end.

[poodle63]

Not even considerable as investment. NFT is only depending on the hype and so, the price was also being controlled by the hype. You must learn from so many NFT cases that happened in the opensea about how bad it is for now. NFT was not a solution but this is only a way to bring a new thing that makes something being tokenized and it can be sold for something just like NFT art. The value of art is so abstract and it's not having a real value. The value is hardly to be determined caused by it must be valued by based on some factors like uniqueness, demand, availability and many more.

[o48o]

~snip

How and why do you even think that NFTs have anything to do with bitcoin or that they would be comparable? They are totally different protocols for different use cases. They are not fighting from the same spot


Saying "nfts cannot replace bitcoin" is like saying NetFlix cannot replace Auto industry. No one thinks they would.

 sorry, but what i'm trying to say here is when it comes long term investment. And yes i know they are different but for me in my view it seems mostly investors are felling to any investment, wherein, clearly not good especially new comers that's why i've mentioned bitcoin instead of what's related when it comes NFTs.

In that case, obviously bitcoin is safer. NFTs on the other hand are a big umbrella of various different projects. Some of them are a good call. Most of them are garbage. Same thing as with random bep20 or erc20 tokens.