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Author Topic: Almost all NFTs are scam  (Read 283 times)
isaac_clarke22
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July 02, 2022, 09:27:18 PM
 #41

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Hey, thanks for sharing these articles. Knowing that I really know those top 10 brands mentioned in the article except for Ray-Ban, no doubt that NFTs are being more than the craze over ICOs back then.
These tech giants are really riding the NFT hypes right now. Back then, I almost never heard any brands adopting any forms of crypto.
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July 03, 2022, 12:05:55 AM
 #42

That's  makes me uninterested. I think NFT is just a temporary HYPE. I've heard Sina Estavi bought NFT for 2.9 million dollars and he wants to sell on opensea only the most expensive offer is around 300 dollars. NFT is quite difficult, the value is different from each person's perspective. Therefore I am not interested, because it would be difficult to sell it again. In my country many artists started to make NFT, but until now it is not sustainable.
Sometimes that's the trend, especially as time goes by, its value decreases until it disappears because not many people are interested in it.  What most people want is for them to have an immediate income.  I also don’t see the use of NFT so I also wouldn’t want to put it together.  Transferring or listing such assets in the marketplace is expensive so I don't pay attention to it now.

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July 03, 2022, 02:00:01 AM
 #43

It's just crypto thing, this space itself is filled with 99% useless tokens/coins.

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July 03, 2022, 05:30:48 AM
 #44

Newbies, NFTs should be the first thing you fear the most in crypto space, look at bitcoin, its usefulness and scarcity makes it valuable, Look at real Gold it's very rare to see and this makes it valuable, imagine if everyone on this earth has Gold in their backyard will Gold retain its value? It will be plagued with devaluation right? This is exactly what NFTs are today, everyone can create theirs.

There are many types of NFTs like video game nft, pfp, collectibles like nba topshot, etc. Not all of those are scam, I think you're just referring to the NFT that is very popular these days which is avatar or PFPs. I Think the hype started with the BAYC or boredape yacht club last year. The initial minting price for that nft was only 0.08 eth and it reached 50 eth last year. After that there are many PFPs being created and introduced on social media that are scam. Their PFPs have only good artwork but no utility or even a roadmap. They just hype it to attract many investors.
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July 03, 2022, 06:59:51 AM
 #45

-
Hey, thanks for sharing these articles. Knowing that I really know those top 10 brands mentioned in the article except for Ray-Ban, no doubt that NFTs are being more than the craze over ICOs back then.
These tech giants are really riding the NFT hypes right now. Back then, I almost never heard any brands adopting any forms of crypto.
According to my prediction, NFT and metaverse will be the next explosive trend when the bull season comes, everything is going very well.

The crypto market changes and progresses very rapidly. In 2017, the ICO trend dominated the market and was followed by ponzi schemes, then they quickly retreated and collapsed. In the present day, cryptocurrencies have layer 1, layer 2 blockchain solutions and hundreds of ideas are being researched and implemented. Additionally, many companies are starting to accept cryptocurrency payments and are starting to see cryptocurrencies more openly. I predict large corporations will not stay out of this technology race, they will soon issue their own tokens.

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July 03, 2022, 11:08:29 PM
 #46

It seems like shit projects that are created everyday wuth thier own token or coin. Mostly only follow the hype. That is also NFT that proba ly only folow the success of some NFT creators and inceators. Some may be exactly precious and valuable, I can really consider it. But so far, there are also many shit NFTs that are worthless, have no identic concepts, and also with its strange buy and sel.
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July 04, 2022, 03:20:08 AM
 #47

Sometimes that's the trend, especially as time goes by, its value decreases until it disappears because not many people are interested in it.  What most people want is for them to have an immediate income.  I also don’t see the use of NFT so I also wouldn’t want to put it together.  Transferring or listing such assets in the marketplace is expensive so I don't pay attention to it now.
The more it goes down and it's gone, no one will want to buy it anymore.
It's a real risk, for those who buy NFT at unreasonable prices. No development whatsoever. NFTs like Bored Ape Yacht Club may still be able to survive, because there are good developments, not just pictures, Ape also makes its own tokens.

But even so I'm not interested in getting into NFT. It's better to buy bitcoin for the long term, it's safer and promises more profit.

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July 04, 2022, 03:35:17 AM
 #48

almost all yes i do agree with that because spammer and scam token that join play to earn and metaverse want to taste the huge pile of money now walk to earn using nft too as media.

but the real nft with real ART it still there so I think nft will also drive cryptocurrency in the future

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July 04, 2022, 09:09:19 AM
 #49

This is exactly what NFTs are today, everyone can create theirs.
As they are welcome to do so as they did with ICO.
NFT's got an interesting view at the start but in the long run, it was a trap, people are losing, and not just like that as it ruins the image of the crypto market.

As being aware of these things, therefore, we have stayed away from them. Ignore their sweet promises as they won't give us back what they say -- it is all about marketing strategies to fool greedy people.

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