What's your take of NFTs?

[yohananaomi]

What's your take of NFTs?

NFT is a great breakthrough in the crypto field. NFT also paved the way for mainstream companies to enter the industry. since last year NFT has grown very rapidly, even according to data from opensea, the trading volume of NFT has reached 6 billion USD.

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

although growing very rapidly, but NFT is not a viable type of investment. long term or short term, for me it will be very difficult to make a profit if the Hype of an NFT has faded. NFT is good, but not suitable for investment, you could say we can only get profit when the hype is still there, but after that the price of NFT will fall and you will not get anything.

That's why I don't invest in NFT because over time the hype for NFT will slowly fade away.
At this time maybe NFT is still widely used as a payment tool for games, but in the future will NFT continue to survive like this?

The trend of NFT will always have its own share, because we must admit that while there are still many who have money and want to be different, then NFT is one that can be done by a typical like them. NFT is not suitable for those who want to invest because NFT is not as easy to sell all the time as crypto coins in general.

so that even though the NFT hype will fade later, it will not affect those who hold it, because indeed they hold NFT because they feel that what they are doing is only as a collector in general on paintings etc.
The possibility that will be able to develop well is of course only NFT games, other than that it will certainly not develop.

this year it is estimated that NFT will continue to grow a lot because NFT is still relatively new and will always be interesting for those who have money to try it, but for those who do not have money it is better to avoid NFT.

[JeffBrad12]

NFT was not a long term solution and do you know the purpose of NFT? What solution you meant from your thread above? i can't get what kind of solution but if you meant about the new instrument and i think that if you are wrong in this case. NFT was just a way for you to trade an assets that have not yet tokenized like art, in game assets or something else. I suppose this to be a short term assets that will not be suitable for the long term investment. I will never take this as an investment instrument for my money. I prefer to take token or coin rather than NFT

[Fakhrulenclix]

currently NFT is very hype but it is uncertain how long it will happen whether it can disappear or not in the future but I doubt that in the future it will still exist because of the rapid increase in NFT that is happening right now only because of the hype or the interest of many people and others too follow.

[Captain Corporate]

NFT was not a long term solution and do you know the purpose of NFT? What solution you meant from your thread above? i can't get what kind of solution but if you meant about the new instrument and i think that if you are wrong in this case. NFT was just a way for you to trade an assets that have not yet tokenized like art, in game assets or something else. I suppose this to be a short term assets that will not be suitable for the long term investment. I will never take this as an investment instrument for my money. I prefer to take token or coin rather than NFT

The "solution" is that we are talking about ownership papers that would be digital and provable. I mean art form has been used for a year or two now and that is known, but it is not just art that we could provide ownership to, thats the solution. You have seen cars right? When a cop pulls over they ask you "license and registration please" right? Well here, we are talking about NFT ownership of the car shown and its done, cop goes back and checks it, which is instant because its digital, and you are on your own way. That is what we are talking about here, its not going to be something used only on art, it will be everywhere.

[hotimbineh]

I personally think nft is still a hype that can't be used for long term investment because nft is not a safe place for it .... but everyone has their own decisions and research
because nft will be meaningful for those who can read the art in it and find great opportunities for the next

[Johnyz]

I personally think nft is still a hype that can't be used for long term investment because nft is not a safe place for it .... but everyone has their own decisions and research
because nft will be meaningful for those who can read the art in it and find great opportunities for the next

NFT is not just an art anymore, they already offer a wide variety options but I agree that most of the NFTs today are just being hyped and that’s why they received a tremendous number of investors but if you look at the Utility NFTs, you can see a big difference there. Just invest what you can afford and you can be good, NFT are still profitable.

[milewilda]

The way they currently exist is useless.

I think that it's a matter of time before the hype completely dies down and a lot of people leave empty handed, especially those who have invested their savings into these things in the latter half of 2021.

However, as a technology it does have merits. And I certainly think that it is possible in the future we see more adoption.

All the thing that we do need to see is into its actual utility because this is the only way i do see for projects or trends to last that long or several years and not just because of some pure hype
and we've been there when ICO trend happened on which it did really result into a mess  after later years but im not saying that it isnt really worth of the investment because
as you can see in overall volume and cap then we could really tell that there is really someone who are really a fan of dealing with these things.

[2tang]

I personally think nft is still a hype that can't be used for long term investment because nft is not a safe place for it .... but everyone has their own decisions and research
because nft will be meaningful for those who can read the art in it and find great opportunities for the next

It's only useful for those who know how to appraise art, while for those who don't know how to appreciate art, obviously never think about the NFT trend.
Even though in general the NFT response has been very good, but in my opinion its goodness and usefulness is still very limited at this time.

[wxa7115]

I personally think nft is still a hype that can't be used for long term investment because nft is not a safe place for it .... but everyone has their own decisions and research
because nft will be meaningful for those who can read the art in it and find great opportunities for the next

NFT is not just an art anymore, they already offer a wide variety options but I agree that most of the NFTs today are just being hyped and that’s why they received a tremendous number of investors but if you look at the Utility NFTs, you can see a big difference there. Just invest what you can afford and you can be good, NFT are still profitable.

For the moment I think the best thing we can do is to avoid any investment in the NFT market, personally I think the technology has a future but the way it is being abused by scammers is going to have grave consequences for the market, similar to what we saw with the ico market.

So there is a very high chance that anyone investing in NFTs today will later find himself out holding a bunch of NFTs with no value, so it is better to just wait and see if in a few years the NFT market has improved and it is not as full of scammers as it is today.

[darewaller]

NFT was not a long term solution and do you know the purpose of NFT? What solution you meant from your thread above? i can't get what kind of solution but if you meant about the new instrument and i think that if you are wrong in this case. NFT was just a way for you to trade an assets that have not yet tokenized like art, in game assets or something else. I suppose this to be a short term assets that will not be suitable for the long term investment. I will never take this as an investment instrument for my money. I prefer to take token or coin rather than NFT

This is what people have missed about NFT, they all focused on art and images and this is where "I took a screenshot of it" joke came from. People tried to defend like "you do not own mona lisa just because you took a screen shot of it" but the reality is that the art they were holding weren't mona lisa, it was some ape, and that is why it worth absolutely nothing at all and they were just kidding themselves.

With the introduction of other stuff, and NFT being used as ownership papers instead of just saying so, it would make things al to better and that is why I believe that we should be focusing a bit more on the alternative uses of NFT instead of the art world.

[Lagduf]

I personally think nft is still a hype that can't be used for long term investment because nft is not a safe place for it .... but everyone has their own decisions and research
because nft will be meaningful for those who can read the art in it and find great opportunities for the next

NFT honestly isn’t about reading the art in it, it’s just the same branding, basically the currently popular and famous NFTs are the “supreme” of the NFT marketplace.
I would say that maybe it’s because owning an NFT that valued quite high gives them sense of exclusivity and maybe they think it’s like some sort of investment.
although I wouldn’t say it’s a form of investment if the maker of this certain NFT could always make another exclusive NFT again and again.

[MonaLeeTracy]

What's your take of NFTs?

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

Just hype. NFT is not a place for long-term investment, because NFT is not yet strong and consistency in the market is questionable. NFT needs further development in order to survive in the market, if you just take advantage of the hype to look for daily profits it's fine, but for long term investment, NFT is not a good place and the risk is very big.

[BAGOBO]

Just hype. NFT is not a place for long-term investment, because NFT is not yet strong and consistency in the market is questionable. NFT needs further development in order to survive in the market, if you just take advantage of the hype to look for daily profits it's fine, but for long term investment, NFT is not a good place and the risk is very big.

The potential profit from hype is only for trading not for long term investment, investing in NFT is very risky because hype changes tend to change depending on the community's will, if the community is happy with the latest hype then the old hype will be left at the lowest price, so take advantage of opportunities to profit from hype not problem, but investing in long-term NFTs should be considered.

[jossiel]

currently NFT is very hype but it is uncertain how long it will happen whether it can disappear or not in the future but I doubt that in the future it will still exist because of the rapid increase in NFT that is happening right now only because of the hype or the interest of many people and others too follow.

It couldn't disappear.

But the hype that it's getting right now will fade away. Just like every year, there's a new trend and they'll be lying low eventually all over the next years. Just like what we've seen before.

I still think that they'll exist after the hype is gone but the attention won't be the same anymore. We all knew it because from ICOs and IEOs there goes the NFTs and Metaverses, next is what?

[sana54210]

currently NFT is very hype but it is uncertain how long it will happen whether it can disappear or not in the future but I doubt that in the future it will still exist because of the rapid increase in NFT that is happening right now only because of the hype or the interest of many people and others too follow.

It couldn't disappear.

But the hype that it's getting right now will fade away. Just like every year, there's a new trend and they'll be lying low eventually all over the next years. Just like what we've seen before.

I still think that they'll exist after the hype is gone but the attention won't be the same anymore. We all knew it because from ICOs and IEOs there goes the NFTs and Metaverses, next is what?

It is already fading away, it will never be fully gone, it will be there, the difference is that we are going to see it do not so well but also not too bad neither. We just need to realize that crypto doesn't really go away forever, things in crypto just gets reshaped.

Like ICO used to be a thing, and then we have pre-sales right now as launchpads or pinksale or whatever which means you are still paying someone for their created token (never made sense to me). Things change, NFT will change, it is losing hype right now and it's closer to impossible to make money as a creator unless you do shady stuff, but it will come back with some innovation and it will be NFT+something and get attention again.

[jossiel]

It couldn't disappear.

But the hype that it's getting right now will fade away. Just like every year, there's a new trend and they'll be lying low eventually all over the next years. Just like what we've seen before.

I still think that they'll exist after the hype is gone but the attention won't be the same anymore. We all knew it because from ICOs and IEOs there goes the NFTs and Metaverses, next is what?

It is already fading away, it will never be fully gone, it will be there, the difference is that we are going to see it do not so well but also not too bad neither. We just need to realize that crypto doesn't really go away forever, things in crypto just gets reshaped.

Like ICO used to be a thing, and then we have pre-sales right now as launchpads or pinksale or whatever which means you are still paying someone for their created token (never made sense to me). Things change, NFT will change, it is losing hype right now and it's closer to impossible to make money as a creator unless you do shady stuff, but it will come back with some innovation and it will be NFT+something and get attention again.

Right.

They'll remain but it's also going to be an impressive thing if an NFT project retains its community. I'm starting to see it with those top NFT in the market and they know how to take care of their investors.

But with the rest of them, we know where they're going. They won't be gone and they'll stay but even if they're willing to sell it at a point of time where it's too cheap, probably no one would be interested on it.

[adiebitsler]

Just hype. NFT is not a place for long-term investment, because NFT is not yet strong and consistency in the market is questionable. NFT needs further development in order to survive in the market, if you just take advantage of the hype to look for daily profits it's fine, but for long term investment, NFT is not a good place and the risk is very big.

I also agree with what you are saying because NFT does require further development so that it can be suitable for long-term investment because without it I think NFT is clearly not suitable for long-term investment other than looking for short-term profits.

[superman184]

it is still a mystery what will happen in the future, but right now of course NFT is very hype and therefore it will also be very possible for long-term investment solutions, but the risk of choosing long-term investments is also likely to be large.
My advice for NFT is to trade in the near term without wanting to invest long term, because the risk is too high.

[marcous]

it is still a mystery what will happen in the future, but right now of course NFT is very hype and therefore it will also be very possible for long-term investment solutions, but the risk of choosing long-term investments is also likely to be large.
My advice for NFT is to trade in the near term without wanting to invest long term, because the risk is too high.

I never even had NFT at all until now even though you said it was very hype because for me having a utility coin which is more clear and useful is still very good than having an NFT which is clearly less suitable for long term investment. So why think about NFT if it is not suitable for long term investment.

[inthelongrun]

I have high hopes on play to earn NFT games. It is not a hype nor a solution but rather an innovation. The revenues in gaming industry is worth billions of dollars. One day these companies will be forced to share their huge revenues to its player base or they will become a thing of the past. The main issues of the current NFT play to earn games is the economy. But it won't take long for some to develop a sustainable economy.