Is this the end for NFTs?

[eddie13]

Time to go NFT shopping!!

[1715646658]

1715646658

[fullhdpixel]

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.

I think it wasn't about mismanagement, I think they were managed very well for what they were designed for. I have seen and even talked and interviewed a lot of NFT project creators, and all they are after is making money. Sure they have tx fee, which means that if those NFT's go higher and gets sold, they will make a ton of profit, hence they would prefer if the project goes big.

But, the main goal of 80%+ of the NFT projects in the past year has been making a profit for the creator and nothing else. They would "prefer" if investors made profit too, but that is the second priority, the first is always making a profit for the creator. As long as that is the destination they want to reach, that project will never take off, and will never be a success at all.

[shinratensei_]

I guess the trend kinda dies down already but remember that the memecoin trend back then was also having such massive correction and then gets revived after the bullrun coming.
This could very much happened to NFT in general in the future, since NFT seems it could revive itself if the bullrun comes.
Though this doesn't necessarily a good thing if NFT in general like NFT arts are like a game of greater fool where anyone investing in NFT art think someone else gonna buy their useless art for higher value.

[bitterguy28]

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?

But NFT is still progressing nowadays? though there are so many bad experience from investors specially those who risked in NFT gaming yet there are still NFT that making its way up , and not to mention those NFT gambling that is booming now , so maybe lets give this at least a year or 3? and lets see what this can bring to all of its supporter though the capitalizations of each are really indeed lowered more than what it has in 2021 and early 2022.

[Reatim]

Not everyone is trying to shill to blow up a project though. Just like ICO days and right now, there are going to be SO many people becoming bagholders with a lot of life savings just tied up and down 80% or more.

So they're going to try and project an image of confidence to get even more people to buy to protect the slide.

People will be people, all looking for quick gains and it's so tempting now in this bear market.

There are maybe not that many but at least Shillers will keep shilling just to Boost their projects or their Holding coins in which for me ? a not so good attitude , because you can only post good or best words for the project you deeply understand and Know , not just because you are holding it or at least bought those coins in presale.

I was just saying that not all shillers want to make their project big, as I said it's just to show others that they're not afraid like the rest of the market.

Like the LUNA problem. People weren't shilling because they wanted Luna to grow, they knew it was going to die. But they wanted people to think they were going to hold forever, and so new people would buy it more, and then they could exit at a higher price.

Trust me, anyone posting good or best words are 100% shilling. Real users, like Bitcoin and Ethereum, they actually can be critical of themselves. I criticize Bitcoin like all the time.

Well good argument mate, and indeed that there are even someone  who looks like shilling but the reality is they are a=only expressing their complete trust to that project and even if he losses? who would care as it is his funds and caring for nothing if if he lose everything.
so yeah this is a complete understanding mate.

[fuguebtc]

I guess the trend kinda dies down already but remember that the memecoin trend back then was also having such massive correction and then gets revived after the bullrun coming.
This could very much happened to NFT in general in the future, since NFT seems it could revive itself if the bullrun comes.
Though this doesn't necessarily a good thing if NFT in general like NFT arts are like a game of greater fool where anyone investing in NFT art think someone else gonna buy their useless art for higher value.

Observing the market currently, we can't confirm anything since memes, NFT, and top altcoins are also experiencing a big drop, we can't say that potential altcoins won't go away and recover at a later point.
In my opinion, we should wait a little longer and things will be clear soon, although NFTs like memes don't have any standout utility, they are very good tools for hype. The total capitalization of the NFT market is more than 12 billion USD and this is not a small number so it is not entirely accurate to say that NFT will die.

[slaman29]

I was just saying that not all shillers want to make their project big, as I said it's just to show others that they're not afraid like the rest of the market.

Like the LUNA problem. People weren't shilling because they wanted Luna to grow, they knew it was going to die. But they wanted people to think they were going to hold forever, and so new people would buy it more, and then they could exit at a higher price.

Trust me, anyone posting good or best words are 100% shilling. Real users, like Bitcoin and Ethereum, they actually can be critical of themselves. I criticize Bitcoin like all the time.

Well good argument mate, and indeed that there are even someone  who looks like shilling but the reality is they are a=only expressing their complete trust to that project and even if he losses? who would care as it is his funds and caring for nothing if if he lose everything.
so yeah this is a complete understanding mate.

That is kinda the definition of shilling though,,, expressing your complete trust to a scam knowing that you will lose (if you don't win your gamble and get out in time). You aren't shilling if you actually believe in something but show me one single shiller who actually just loves his project and actually uses it. Every single shiller "loves" more than one project, sees profit in it, and doesn't even use it.

They are the scum of the planet man, people who just hype coins/products and don't even use it.

[wxa7115]

I guess the trend kinda dies down already but remember that the memecoin trend back then was also having such massive correction and then gets revived after the bullrun coming.
This could very much happened to NFT in general in the future, since NFT seems it could revive itself if the bullrun comes.
Though this doesn't necessarily a good thing if NFT in general like NFT arts are like a game of greater fool where anyone investing in NFT art think someone else gonna buy their useless art for higher value.

Observing the market currently, we can't confirm anything since memes, NFT, and top altcoins are also experiencing a big drop, we can't say that potential altcoins won't go away and recover at a later point.
In my opinion, we should wait a little longer and things will be clear soon, although NFTs like memes don't have any standout utility, they are very good tools for hype. The total capitalization of the NFT market is more than 12 billion USD and this is not a small number so it is not entirely accurate to say that NFT will die.

We have seen this many times before, a type of coin gets hyped to death and people invest in those type of coins like there is no tomorrow, but one day the hype ends and all of those coins begin to crash to never recover.

There are too many examples of this and I think this is something that is going to happen to NFTs, does this mean that they will disappear completely? No, but they will never regain the popularity they reached and the money moving in those coins will decrease dramatically.