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Author Topic: Is this the end for NFTs?  (Read 552 times)
Kadal Ijo
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June 19, 2022, 03:00:25 PM
 #61

It must be admitted that the NFT market continues to decline, many NFT projects fail and become scams so as to make investors more afraid to invest in NFT, but I think NFT is still promising, the most important thing is to find projects that can last for the long term, and always monitor price movements and the community of the project.

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June 19, 2022, 04:36:19 PM
 #62

I never saw much real art in NFT's.  Most of it looked like cheap cartoons.   I almost had a minor in art history and have been around galleries and talk of painting all my life. 

I didn't see any conceptual artists on the level of Bauhaus, the Surrealists, Dadaists, Futurists, etc. 

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June 19, 2022, 04:47:08 PM
 #63

From your point, NFT buyers can be two kind of people:
Real people want to buy the thing because of greed, thought they could sell it back to other at higher price.
Fake people exist to create a fake demand for NFT, to lure in real people so they can sell their overpriced, worthless NFT.
Truly, the worse kind of scheme exists to pump and dump their stuff since exchange at least provides a form of liquidation and real trade volume if that exchange is reputation enough. This is not the same for NFT cause they value it on the rare, only 1 of the kind bullcrap.
But in fact, we see that is no longer applicable in the market. In other words, NFT will only confuse you to resell it. At least set the lowest price because your purchases have dropped and anyone would avoid such NFT schemes. Nothing looks promising other than the NFT that the artists have. And our role is difficult to reach sales promotion even when the Hype is peaking.
One of the most common mistake of someone is to believe that they could make easy money with just those simple artworks and styles and that's why we've been flooded by hundred thousands of it and turns out that this is something which isn't that worth anymore when it comes on making it as an investment or for long term holds.They do know that they could potentially make money if ever it gets hyped or there sudden interest of the art but as expected on where trends do really have an endline or being over which means never make yourself comfortable on everything you do encounter as an investor.
Yes, exactly. They said it was one of the kind, ultra-rare stuff but the next day, many new NFTs floor the market with a similar style or theme. If they said NTFs worth depends on the artist's name then what they buy and sell is just a form of signature trading made by a person. That's lame and stupid.
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June 19, 2022, 10:17:05 PM
 #64

it's hard to say that this is the end of NFT, because NFT has just started, the utility of NFT has also been running only in 2021,
when Play To Earn and Metaverse are Trending, then NFT is also Trending, because Bitcoin price is also bearish this year,
of course this is dragging NFTs coins starting to fall, but this is not the end, so don't worry

Yep, the NFT trend is not as hot as it used to be compared to now but NFT will still be here, NFT will still have its own niche in the crypto space.
The market is shaken and some crypto investors rekt, I can't see into the future but I believe the next big thing will happen.
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June 19, 2022, 11:43:04 PM
 #65

It must be admitted that the NFT market continues to decline, many NFT projects fail and become scams so as to make investors more afraid to invest in NFT, but I think NFT is still promising, the most important thing is to find projects that can last for the long term, and always monitor price movements and the community of the project.
For now, it is still very difficult to know which NFT projects will be promising, because under current conditions everyone has also seen some examples of unpromising NFT projects so that some people can draw conclusions about this where NFT projects do not have strong resilience when bear market continues. Unlike many other cryptocurrencies that already have a very strong foundation.

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June 20, 2022, 07:35:08 AM
 #66

Projects related to the NFT trend are gradually cooling down. As the hype becomes more visible about them, less money is injected into them. I don't think there's a problem with their potential; it's just that overusing the term to chase after pump/dump causes the mess to be created. I think now there will be a lot of things related to this industry that are gradually being discarded because of the purpose they were built for. When the overall situation of the market is not good, it is difficult for these trends to work. strong action.
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June 20, 2022, 04:46:30 PM
 #67

It must be admitted that the NFT market continues to decline, many NFT projects fail and become scams so as to make investors more afraid to invest in NFT, but I think NFT is still promising, the most important thing is to find projects that can last for the long term, and always monitor price movements and the community of the project.
I would guess that NFT and scams were a thing even before today and this month and all of the price drops that happened. However, we need to also accept the fact that bitcoin and all others went low as well, creating a new NFT art and trying to sell that during one of the harshest markets in the last few years, means that it is logical for them to not get sold or finding investors.

I would still be able to find some people, just do a collection for 10 bucks each on mint price, and if you do 10k that means you will make 100k and that is simple enough. Spend about 10-20k to build it, and then sell it for 10 bucks and you will get it, depends on the art idea of course. So, it is not about NFT failing, it is about projects not adjusting to the new market direction.

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June 21, 2022, 12:45:15 PM
 #68

Projects related to the NFT trend are gradually cooling down. As the hype becomes more visible about them, less money is injected into them. I don't think there's a problem with their potential; it's just that overusing the term to chase after pump/dump causes the mess to be created. I think now there will be a lot of things related to this industry that are gradually being discarded because of the purpose they were built for. When the overall situation of the market is not good, it is difficult for these trends to work. strong action.
When it comes to this market hype can be incredibly strong and make a particular sector of the market incredibly popular, but just as hype can help the creators of those coins it can also hinder them.

NFTs seemed like a novel idea which could see some decent use in the future, but as scammers took advantage of them the enthusiasm that people had on those coins is slowly disappearing, to the point many people that were interested in those projects before do not care at all about them, as the losses they have suffered are enormous and they refuse to lose even more money because of those coins.
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June 21, 2022, 02:58:26 PM
 #69

Projects related to the NFT trend are gradually cooling down. As the hype becomes more visible about them, less money is injected into them. I don't think there's a problem with their potential; it's just that overusing the term to chase after pump/dump causes the mess to be created. I think now there will be a lot of things related to this industry that are gradually being discarded because of the purpose they were built for. When the overall situation of the market is not good, it is difficult for these trends to work. strong action.

yes, you are right that currently the development of NFT is very slow, where crypto users are reluctant to adopt projects from NFT due to the weakening of investor confidence to inject their funds into the project, but I think that is a natural thing considering the crypto market is currently in a bearish period of course people will consider the project they will invest in, in my view NFT can still develop in the future because NFT is a form of new ideas from creative people in the crypto world.

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June 21, 2022, 04:31:17 PM
 #70

NFT was the talk of 2021. Now if we look at floor prices for all popular collections https://www.coingecko.com/en/nft other than BAYC there is nothing that performs well.
Cryptopunks are down big. Same for azuki, moonbird, coolcats. Collectors are now looking for good fundamentals, but how can NFT give it? Discuss?
The reason why we have serious bull run in 2021 was partly because of NFT projects. Some of them especially the popular one on coinmarketcap.com has give huge returns to investors. It is not going to die but know that this is how things work in crypto space. A lot of manipulation is going on and the weak hands are losing seriously. The whales are buying them at this discounted price to sell again for the desperate one at the top.
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June 21, 2022, 10:35:33 PM
 #71

NFT was the talk of 2021. Now if we look at floor prices for all popular collections https://www.coingecko.com/en/nft other than BAYC there is nothing that performs well.
Cryptopunks are down big. Same for azuki, moonbird, coolcats. Collectors are now looking for good fundamentals, but how can NFT give it? Discuss?
The reason why we have serious bull run in 2021 was partly because of NFT projects. Some of them especially the popular one on coinmarketcap.com has give huge returns to investors. It is not going to die but know that this is how things work in crypto space. A lot of manipulation is going on and the weak hands are losing seriously. The whales are buying them at this discounted price to sell again for the desperate one at the top.
NFT and metaverses have been so hot last year but never does it say they are the reason for such Bullrun, they just contributed some of it. But now, these two (NFT and Metaverses) have been cold already, in fact, just only a few people talk about them and I'm not sure if these people are buying them or not.

Well, maybe you are right that they will die but sadly just to see that they were very close to that. Investors have never seen any assurance from them, they are shitcoins, and that's why they have been ignored by now.

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June 22, 2022, 09:03:19 AM
 #72


Collectors are now looking for good fundamentals, but how can NFT give it? Discuss?


It looks like an exchange platform Uniswap wants to make an NFT marketplace so people who use Uniswap can buy NFT right away there https://twitter.com/Uniswap/status/1539306960553656320 I think this will be the latest news and the NFT world will be more exciting and for those who work as graphic designers or have design skills, the heyday of NFT is starting soon so start seriously learning NFT from now on.

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June 22, 2022, 10:30:15 AM
 #73


Collectors are now looking for good fundamentals, but how can NFT give it? Discuss?


It looks like an exchange platform Uniswap wants to make an NFT marketplace so people who use Uniswap can buy NFT right away there https://twitter.com/Uniswap/status/1539306960553656320 I think this will be the latest news and the NFT world will be more exciting and for those who work as graphic designers or have design skills, the heyday of NFT is starting soon so start seriously learning NFT from now on.

An interesting move, I will be definitely watching this one closely.

Even though a bearish season is underway in the Crypto market, there is always a chance to make a profit if you know the best way  to do it

Damn, I am not eligible to receive USDC Airdrop. I have used it only once Sad
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June 23, 2022, 05:19:59 AM
 #74

NFT was the talk of 2021. Now if we look at floor prices for all popular collections https://www.coingecko.com/en/nft other than BAYC there is nothing that performs well.
Cryptopunks are down big. Same for azuki, moonbird, coolcats. Collectors are now looking for good fundamentals, but how can NFT give it? Discuss?
The reason why we have serious bull run in 2021 was partly because of NFT projects. Some of them especially the popular one on coinmarketcap.com has give huge returns to investors. It is not going to die but know that this is how things work in crypto space. A lot of manipulation is going on and the weak hands are losing seriously. The whales are buying them at this discounted price to sell again for the desperate one at the top.
NFT and metaverses have been so hot last year but never does it say they are the reason for such Bullrun, they just contributed some of it. But now, these two (NFT and Metaverses) have been cold already, in fact, just only a few people talk about them and I'm not sure if these people are buying them or not.

Well, maybe you are right that they will die but sadly just to see that they were very close to that. Investors have never seen any assurance from them, they are shitcoins, and that's why they have been ignored by now.
If they want to survive they will need to change substantially in order to recover the trust from investors, during the previous bull run icos were the ones that were at the center of the attention of the market, however due to the huge number of scams they lost the trust from the community and they eventually evolved to ieos which also got a lot of attention back then, however now any coin which is nothing more but an ico has a lot of problems to raise any capital, so we may see something similar in the NFT market.

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June 23, 2022, 07:19:23 AM
 #75


Collectors are now looking for good fundamentals, but how can NFT give it? Discuss?


It looks like an exchange platform Uniswap wants to make an NFT marketplace so people who use Uniswap can buy NFT right away there https://twitter.com/Uniswap/status/1539306960553656320 I think this will be the latest news and the NFT world will be more exciting and for those who work as graphic designers or have design skills, the heyday of NFT is starting soon so start seriously learning NFT from now on.

An interesting move, I will be definitely watching this one closely.

Even though a bearish season is underway in the Crypto market, there is always a chance to make a profit if you know the best way  to do it

Damn, I am not eligible to receive USDC Airdrop. I have used it only once Sad
This is the problem in Airdrops when we really dont know what to come and what to happen , I only love one  thing in this in which where you get the timing and the needed to increase your momentum in getting the prize .

also interested in this one and maybe I will love watching this to take my chances .









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June 23, 2022, 10:40:28 AM
 #76

It could be that most of these NFT are just showing their true valuation after all the former valuation was just all overly inflated valuation due to the massive trend of NFTs and right now they finally shows their true value.
I doubt these NFTs could ever retain their ATH ever again. After all it seems the trend of NFT has truly fading into the void.
At best, maybe in the next bullish run they could somehow brings their value to another level but definitely lesser than their ATH.

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billionair
A TOKEN POWERED RAFFLE PLATFORM
IN THE BSC ECOSYSTEM
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JOIN AIRDROP
rodskee
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June 23, 2022, 11:20:31 AM
 #77

NFT was the talk of 2021. Now if we look at floor prices for all popular collections https://www.coingecko.com/en/nft other than BAYC there is nothing that performs well.
Cryptopunks are down big. Same for azuki, moonbird, coolcats. Collectors are now looking for good fundamentals, but how can NFT give it? Discuss?
There are still hopes for the  NFT but not this year , Like Pancake swapping and Meme coins , things are change badly this 2022 and there are so much to expect from changing to increasing .
so take a look deeply for the projects we are going to paid for or else you will lose what you are looking for.
remember that NFT make a insignificant increase in the last year so best to check it out in the last season .

koang
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June 23, 2022, 01:58:08 PM
 #78

~ ~ ~ ~
This is the problem in Airdrops when we really dont know what to come and what to happen , I only love one  thing in this in which where you get the timing and the needed to increase your momentum in getting the prize .

also interested in this one and maybe I will love watching this to take my chances .


Yeah, I know, but the team said they are not leaving the community empty-handed.
they will be sharing more details soon on the upcoming airdrop.
Genie is the NFT marketplace aggregator that has saved millions of users in gas fees. Keep watching
And I hope USDC is going to tank when people start dumping their airdrops. Just kidding...
virasisog
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June 24, 2022, 04:19:10 PM
 #79

NFTs still have a bright future ahead in the crypto world. There are just lots of NFT projects that failed due to mismanagement. The market isn't in good shape so the NFTs can't reach a good status because they don't have a strong resistance to the bear market yet. If good developers will manage to handle potential NFT projects well, I'm sure that lots of NFTs will boom in the future.
CapGelatik
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June 25, 2022, 01:51:41 PM
 #80

there are still many utilities of NFT that are still underdeveloped, and off the radar, of course this is a good thing,
because we already know that NFT is still not developing very fast, and will develop even more in the future,
of course its value will also be developing, so don't worry about the future NFT technology, which will definitely Boom!  Grin

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