NFT ?? What do you think about it ? ? ?

[alexandr1115]

Dedicated to the owners of non-existent things!!

What do you think about NFT products?? I am interested to know any of your opinions!! I will be glad if you share something interesting! Do you think that NFT is very popular in the market?? Is it possible to call it absurd or call it something outstanding?? Please join the discussion. Tell me what you think about it! I'm really interested.

For example - The bored monkey for 300 thousand dollars and Pixel cat for 531 thousand dollars

Edited - It seems to me that such NFTs are much, much more interesting!

[NeuroticFish]

For example - The bored monkey for 300 thousand dollars and Pixel cat for 531 thousand dollars

People have tried to convince me that NFTs are more than just some ugly drawings. They didn't convince me fully, but made me no longer be too harsh on NFT per se.
Then you come discussing exactly about such NFTs. My opinion about those? There's an image expressing it very good:

PS. I have a feeling that this topic should be in the Altcoins section. Maybe you move it there...

[cryptomaniac_xxx]

Over hype I guess, who wouldn't want to buy an image of a monkey?

So that speaks about itself though, I'm not against art or something, but it seems that some one has taking advantage of this kind of hype and then propel to to make money for this artist. So I guess it depends on how the individual will look at it, for some this is just a hype, for others they can expressed themselves and who knows, their art might be good to be worth thousands of dollars.

[nakamura12]

I agree with it that it is overhyped and I also believe that some people take advantage of it to sell art even if the art is created by children or a child. Even a meme picture is also sold as an NFT and I am not sure why that person bought it when many people have access to it and even include it in a video or even in an article. Not that I don't like NFT because of people who are taking advantage of it but because you can also earn profit but I think the hype will stop sooner or later.

[nimogsm]

I still don't understand what the phenomenon of these pictures is.It's funny to me to watch how what cost hundreds of thousands yesterday is worth nothing today.I can understand if the nft is attached to the subject of real art and it gives the right to transfer, then yes.
I have never bought them and do not plan to, I do not see any uniqueness in them except as a record in the blockchain.

[goaldigger]

NFTs right now are not doing well, many of those expensive NFT before are now selling at a cheaper price and many already lose their money because of this. This is an overhyped project, and that’s why its value right now continues to suffer. If you want a good investment, I suggest not to buy any NFT for now and just get the good coins. I do have some and I can tell that its pretty useless, though I didn’t regret buying it but hopefully I can still sell this in the future at a profit.

[OgNasty]

I still don't understand what the phenomenon of these pictures is.It's funny to me to watch how what cost hundreds of thousands yesterday is worth nothing today.I can understand if the nft is attached to the subject of real art and it gives the right to transfer, then yes.
I have never bought them and do not plan to, I do not see any uniqueness in them except as a record in the blockchain.

I think that eventually all financial assets will be tokenized on the blockchain.  It's crazy to me that there's no real way to prove I own shares of anything in my brokerage account.  You just have to trust your intermediary.  We've all seen how well that works out with the FTX case.  I'm sure just as shady activity is happening with major brokers, but they've had a long time to figure out how to hide their holdings from the public and operate as fractional reserves.  The transparency that NFTs could bring to the world of finance shouldn't be understated.  Stupid works of art, yes, now they are.  Someday they'll be how you prove you have retirement funds.  First though I think NFTs need to take over the gaming sphere and do away with companies stealing from children for skins that can't be resold.  Then that generation will require proof of their investments and NFTs will be that proof.  It's coming, although probably a decade away.

[o48o]

-cut-
It's funny to me to watch how what cost hundreds of thousands yesterday is worth nothing today.
-cut-

This applies to most altcoins. They are worthless now.

However even though current state of NFTs seems absurd, tech is already being used elsewhere then just in collectables.

To me laughing to nfts is same as to laugh erc20 tokens. Both can be pointless depending what you are building or if you are building anything.

Personally i think that those monkeys and cryptopunks will become even more valuable as time goes on as they are part of culture history now. It doesn't matter if we like them or not.

[Johnyz]

A useless NFT art is always an overhyped investment and only those who want to waste their money will buy it. Remember the celebrities who bought millions worth of NFT? look at them now they already lose a lot of money.
NFT is only good if there’s a utility but if its just a piece of picture, expect for its value to dump as well. I’d rather but the NFT with the gambling site who can give you more bonuses instead of a plain nft.

[albon]

What do you think about NFT products?? I am interested to know any of your opinions!! I will be glad if you share something interesting! Do you think that NFT is very popular in the market?? Is it possible to call it absurd or call it something outstanding?? Please join the discussion. Tell me what you think about it! I'm really interested.

For example - The bored monkey for 300 thousand dollars and Pixel cat for 531 thousand dollars

Yes, NFT is very popular in the market and has a huge audience, and there are those who support investing in it and there are those who warn against going into it, but in my opinion, I see that it is a good investment through which you can earn double the price at which you bought the NFT after reselling it, but not all NFTs are promising and worth it you buy for exorbitant amounts, I see that any NFT acquires its value because of its characteristics and features that distinguish it from others, so it cannot have an equal, and whoever buys it remains the sole owner of it. Financial transactions in our days have witnessed great developments, and with time this new market that is buzzing with creativity and innovation will grow.

[harizen]

What do you think about NFT products?? I am interested to know any of your opinions!! I will be glad if you share something interesting! Do you think that NFT is very popular in the market?? Is it possible to call it absurd or call it something outstanding?? Please join the discussion. Tell me what you think about it! I'm really interested.

Online collections in general but not to the point that I will buy an expensive one for collection purposes. Nothing beats the physical form of stuff, memorabilia, and collections. There is only one NFT that catches my attention and that's the special edition of NFT of the Golden State Warriors in the basketball league, NBA. But I didn't purchase any of it as I don't find it worth spending decent money on.

Honestly, with those big NFT buys you have mentioned, I don't understand why some people are spending that much on something that we can't even consider as valuable or worth holding as a collection "online". I can't even think if those NFTs can make profits by doing buy and selling.

[alexandr1115]

- Hello!! Are these NFT sneakers??
- Yes, that's right!!
- Please tell me!! What is the price of these sneakers?
- Approximately 50,000 dollars at a discount!! Sale and prices are reduced!!
- But why is it so expensive??
- Because these are NFT sneakers!
- Can I put them on to try them on?
- No!!
- But why??
- Because they only exist in the picture!!
- It suits me!! I will buy!

[GreatArkansas]

(....)
NFT is only good if there’s a utility but if its just a piece of picture, expect for its value to dump as well. I’d rather but the NFT with the gambling site who can give you more bonuses instead of a plain nft.

I don't think so. There are some NFTs that are quality, it's just like having you own something physical item in the real world where that physical item is rare, with limited supply. We can use an example of some trading cards, like sports trading cards, and also some art that is made by some great artists in history.
And on NFT, some of these NFT projects are doing it. But it seems we are still early for NFT, I believe later on, some people will change their mind about NFT.

[len01]

Dedicated to the owners of non-existent things!!

What do you think about NFT products?? I am interested to know any of your opinions!! I will be glad if you share something interesting! Do you think that NFT is very popular in the market?? Is it possible to call it absurd or call it something outstanding?? Please join the discussion. Tell me what you think about it! I'm really interested.

For example - The bored monkey for 300 thousand dollars and Pixel cat for 531 thousand dollars

what I know right now is that maybe the NFT hype has dropped not as great as before, almost all people in various countries are selling their own NFTs. but unfortunately during the hype a lot of unskilled people filled the NFT market with low quality images that have no attractive value.


well, maybe at this time some NFTs still have high prices but NFTs that really have an artistic value of beauty or a really good rarity of paintings.
but for the other NFTs it is currently of no value at all

[Wexnident]

The idea? Actually great if it was implemented properly. What happened? Absolute garbage imo. It still baffles me how people were duped into buying these monkey NFTs, heck they may just resell them but then I pity those who would incur the losses in that entire process of buying and selling. While I do agree that beauty is in the eye of the beholder, the most active part of the NFT industry isn't even about seeing beauty anymore, it's about who can build up more hype, sell, and then run away before everything else goes hell.

[jossiel]

I think it will all make sense if the NFT will come from a real and phenomenon artist. Not just limited to those that has passion with arts and painting stuff but also to musicians and other sectors that are also part of the art industry.

The NFT market has been overhyped due to the overpricing of these NFTs that has probably a use case if you're part of their club. But mostly, it's like a pixelated or a painting stuff that has been digitalized. I wouldn't spend any penny there especially in a bear market.

[Tony116]

Think about it in a simple way like this. NFTs are also altcoins and their purpose is to create hype for profit, so if you are here for profit and willing to take the risk, then NFT is also a good investment.
In spite of the fact that many people predict the NFT trends are gone, I think the opposite. They are still the favorite hype generator of the sharks, so they are not going away anytime soon. Like memecoins, they will always have a niche in the market, and there will always be people investing in them.

[taufik123]

The last few months were really popular and the NFT hype was incredible. Lots of successful NFT Products at really crazy prices. But, lo and behold, that is all over and the most popular NFTs have also seen their prices drop tremendously.

I even had some NFTs that were quite expensive and ended up being digital image junk because they couldn't be sold and no one would buy them at such a high price anymore.
The heyday of NFTs is over and replaced by a few newer projects.

[Reid]

There's more to NFT's. It should not just be random drawings, paintings, or unique photos. I have seen NFT's with real usage, like items in games which could make you faster to mine the coin that could truly be sold for cash.
IMO, it's better that way, an item for grinding, a premium one that can be bought for cash but can also be used to get the ROI back. Not just in games but in other applications too.
It should not be just for buy and sell like what they do with arts.

[alexandr1115]

Please join the discussion! Thank you to those who joined!

I agree with it that it is overhyped and I also believe that some people take advantage of it to sell art even if the art is created by children or a child. Even a meme picture is also sold as an NFT and I am not sure why that person bought it when many people have access to it and even include it in a video or even in an article. Not that I don't like NFT because of people who are taking advantage of it but because you can also earn profit but I think the hype will stop sooner or later.

Thank you for your opinion!! What do you think about the fact that Starbucks wants to issue its NFT cards??

I still don't understand what the phenomenon of these pictures is.It's funny to me to watch how what cost hundreds of thousands yesterday is worth nothing today.I can understand if the nft is attached to the subject of real art and it gives the right to transfer, then yes.
I have never bought them and do not plan to, I do not see any uniqueness in them except as a record in the blockchain.

Thank you for your feedback! I think it would be cooler if NFTs were sold together with the physical original of the painting! What do you think about it??

I wouldn't spend any penny there

It made me smile!

Think about it in a simple way like this. NFTs are also altcoins and their purpose is to create hype for profit, so if you are here for profit and willing to take the risk, then NFT is also a good investment.
In spite of the fact that many people predict the NFT trends are gone, I think the opposite. They are still the favorite hype generator of the sharks, so they are not going away anytime soon. Like memecoins, they will always have a niche in the market, and there will always be people investing in them.

But I'm curious! I just want to figure it out!! Why buy NFT? In order to build a collection?? Or in order to sell more expensive?? If in order to sell more expensive, then it can still be called a justified act!!

[nakamura12]

Thank you for your opinion on the topic of NFT! I think it would be cooler if all these NFTs were sold with their physical original pattern! What do you think about this?

I would also say that it is cool where you sell the NFT and the buyer will receive the item  (in this example, an ART like Monalisa painting) which is what the NFT is based when it is created along with the NFT once the transaction is done. Let's put it this way where the NFT you will receive in your wallet will used as a proof of ownership of the Monalisa Painting. Anyways, don't mine the example I used and I am only explaining if what stated would come true and one more thing to add, I think that if what you said would really happen then those NFTs that are created digitally like in computer then the creator could simply save a back up of that image/picture unlike the other example I use is that let's say that the Mona Lisa Painting that will be given to the buyer is the original painting that is painted by Leonardo himself with the painter's signature that is clear or visible to check which is also the proof that it is the original, as what I am trying to say is that there is only one original copy of the painting although both art can be copied (by digital for NFTs that are created online and a copy of the painting or non- digital).

Thank you for your opinion!! What do you think about the fact that Starbucks wants to issue its NFT cards??

Well, this is Bitcointalk after all. I'm sure that you know and aware of its purpose or the reason why this forum is made for.

I heard about it but I haven't check why they want to issue their NFT cards or for what purpose. So, I can't much give an opinion or something like that but this is what I can think of right now about it which is, I really don't care if they will issue their own NFT cards or not but if we could also benefit from their NFT cards like earn money/profit when you own one or more collectible stamps then why not acquire their NFT cards. I made a little research about it and this is what I found that when you collect/acquire an NFT then that stamp will be used as an access pass to Starbucks' World of coffee and unique experiences with starbucks or you can read all of it https://stories.starbucks.com/stories/2022/the-starbucks-odyssey-begins/

[nimogsm]

Thank you for your feedback! I think it would be cooler if NFTs were sold together with the physical original of the painting! What do you think about it??

I think a certificate of purchase and authenticity of an art object can just be issued in the form of an sf, it would be much more logical.So that,for example, with the help of a qr code, it would be possible to view an entry in the blockchain.

[Yatsan]

Thank you for your feedback! I think it would be cooler if NFTs were sold together with the physical original of the painting! What do you think about it??

I think a certificate of purchase and authenticity of an art object can just be issued in the form of an sf, it would be much more logical.So that,for example, with the help of a qr code, it would be possible to view an entry in the blockchain.

Also, if it is just physical form, then how would nft be different from 'typical' artworks? NFTs are different; some of them have utilities, some has an equivalent physical form, and some has an advocacy. Having no physical form at all won't make it less of what it really is. Proof or purchase it to add 'legitimacy' with the artwork right? But there are already watermarks, code or artwork numbers for that so I think there's no need to do so.

And for those people who lowly look towards NFT? You guys might not really know a thing about it. It is more than a piece of clip art or picture alone. There's more into it. The overall value of NFT, jist like a traditional art, depends on the audience who looks at it.

[dudeG]

NFT is a waste of time unless theres a utility behind that NFT. Theres should be a service, games or goods that backs the NFT project.

[Cantsay]

NFT is a waste of time unless theres a utility behind that NFT. Theres should be a service, games or goods that backs the NFT project.

True, but not in all aspect. But I do agree that NFT isn't something I'll venture into in the nearest future.
The marketing of NFT is just so incomprehensible I do wonder how on earth someone will be willing to pay up to 4 ETH just for an image sorry NFT. While not just find a more suitable project to invest in rather than purchasing NFT.
Though they have quite a few persons who truly understand the potential that a certain NFT possess and have made it big in NFT but I am not sure if they will ever be a time when I will be willing to invest in it.

[rozak]

I believe the NFT market is only part of the Hype or certain momentum from existing events.
I see no more value than functional NFT. may be different from the opinion of people who understand art. but in the NFT market, you can see a lot of NFT works that are sold quite expensive, and sorry, it's better to invest in Bitcoin or other altcoins for me.

the NFT market is highly dependent on momentum. like when the Hype of the game project, they released the NFT which is also being hunted in the market. this seems to be related. but for NFTs that don't have clear projects and sell at high prices, that's confusing to me.
The latest momentum today is the world cup. NFT players and all the attributes related to the current world cup are crowded. I don't think this is a good investment. but the NFT market is still alive and has its fans.

[abel1337]

As long as the NFT has a good utility into it, I'm more happy to keep it. If we talk about the kind of artwork, I personally not a fan of art works but I understand the hardship and effort of those NFT who are illustrated manually rather than those who are AI/Computer generated. I like GameFi because it's NFT produce a certain utility to it and can generate profit by using that NFT but yeah aside from the NFT the whole project ecosystem should be right.

Those ape jpegs are just overrated. I don't see the real value into it even if those celebrities own one, I don't find a reason why I would spend a hundred of thousand to be one of them. I would personally buy BTC or a valuable stone rather than those over rated apes jpeg.

[JunkieMiner]

NFTs can speak a lot without voice, I had traded many top-class NFTs at opensea and Quix and there are many other websites where we can trade NFTs, I simply say that NFTs are love. We can earn a lot from NFTs. Some people think that these are just images nothing more than that, but I think they are wrong. NFTs speak a lot.

[alexandr1115]

Thank you for your opinion!! What do you think about the fact that Starbucks wants to issue its NFT cards??

Well, this is Bitcointalk after all. I'm sure that you know and aware of its purpose or the reason why this forum is made for.

I heard about it but I haven't check why they want to issue their NFT cards or for what purpose. So, I can't much give an opinion or something like that but this is what I can think of right now about it which is, I really don't care if they will issue their own NFT cards or not but if we could also benefit from their NFT cards like earn money/profit when you own one or more collectible stamps then why not acquire their NFT cards. I made a little research about it and this is what I found that when you collect/acquire an NFT then that stamp will be used as an access pass to Starbucks' World of coffee and unique experiences with starbucks or you can read all of it https://stories.starbucks.com/stories/2022/the-starbucks-odyssey-begins/

To some extent, I'm not particularly interested in these NFTs Starbucks cards either! But I understand that the company is doing this more to extract profit!! By the way, I agree with you that NFT starbucks cards can be similar to a discount system or some other similar promotions!

Thank you for your feedback! I think it would be cooler if NFTs were sold together with the physical original of the painting! What do you think about it??

I think a certificate of purchase and authenticity of an art object can just be issued in the form of an sf, it would be much more logical.So that,for example, with the help of a qr code, it would be possible to view an entry in the blockchain.

Well, that's an interesting opinion! It's not a bad idea!

Also, if it is just physical form, then how would nft be different from 'typical' artworks?

I think the difference is that there will be two copies! One is the original in physical form, and the second is in virtual form and plus an entry in the blockchain. I think that's the main difference.

NFT is a waste of time unless theres a utility behind that NFT. Theres should be a service, games or goods that backs the NFT project.

Thank you for joining. Thank you for your opinion. I also think that there should be something more weighty under the concept of NFT!

The marketing of NFT is just so incomprehensible I do wonder how on earth someone will be willing to pay up to 4 ETH just for an image sorry NFT.

I don't understand it either! It seems to me that this is some kind of wildness! The product must be worth its money or, in other words, the price must be justified! But I have such a suggestion! That when the price is put higher, it begins to seem that this product is really cool, but in fact it is not! It's kind of a trick! A marketing trick!!

[Blawpaw]

IMO NFTs are still in its infancy and it still needs lot of development. The technology solves several problems for the digital era as well as it is also a solution for the problem of identity validation online. But as said, the technology still needs a lot of work. For now, its only speculation and no real solutions for it. Hopefully, in the coming years we will see new application for the technology.

[SquallLeonhart]

There's more to NFT's. It should not just be random drawings, paintings, or unique photos. I have seen NFT's with real usage, like items in games which could make you faster to mine the coin that could truly be sold for cash.
IMO, it's better that way, an item for grinding, a premium one that can be bought for cash but can also be used to get the ROI back. Not just in games but in other applications too.
It should not be just for buy and sell like what they do with arts.

Some NFTs are like a digital art and just like arts in the real world, they don't have any use cases other than for display purposes or collectibles but we can resell them at a much higher rate. This is the good thing about them but for the other NFTs, they need to have some use cases because they are not an art and it will be useless if you will just stare on them.

Other than gaming NFTs, there is also NFTs now in the gambling world but the number of gambling sites that have them are only a few. There's also NFTs in exchanges and the one that is hot now are the NFTs from the soccer teams. Well, that's because there is a world cup that is happening right now.

[Xal0lex]

At this point, the NFT industry is dead. It is worth recognizing, the volume of trading has fallen to the most catastrophic levels. Two marketplace, which still somehow maintain activity, this MagicEden and OpenSea, but even there, the trading volume is much lower even than the first half of this year. Now to buy something on the NFT marketplace... it would be like a lottery. Of course the NFT blue chips are still valuable and will continue to be so, but everything else has just turned to ash. The NFT industry is in such severe decline that collections go into the minus immediately after minting. I don't know if NFT will revive in the next bullrun, but at the moment things are very bad and not promising in terms of investment.

[Adbitco]

Wait a bit, do you wanna go into investment on NFTs or what?
Well if may tell you the truth about NFTs it's just piece of arts works or drawing that is being wrapped up and sold in an OpenSea or any other marketplace although anything could be wrapped as an NFTs then forward to you to unwrap it you see the real value of what you were sent on. Literally arts drawing had been taken over us which made us not to put effort to know more about NFTs especially me, I hardly give attention to it as I believe nothing good comes from it rather than just a piece of drawing that need to be unveiled before anyone could see the real values of what you have purchased. I would prefer buying more BTC than having some NFTs with me.

[KingsDen]

I still don't understand what the phenomenon of these pictures is.It's funny to me to watch how what cost hundreds of thousands yesterday is worth nothing today.I can understand if the nft is attached to the subject of real art and it gives the right to transfer, then yes.
I have never bought them and do not plan to, I do not see any uniqueness in them except as a record in the blockchain.

People have been saying NFT is overhyped and yes it is truly overhyped but it doesn't stop the fact that it's still existing and may continue to exist along side blockchain.
The real value may not be felt now because of its virtual nature, but in the near future no one knows what NFT may develop into. It is just a tender market that has the tendency to explode in the future.
Personally, I don't have attractions to nft because I am hardly attracted to offline art let alone something I can't feel, but it doesn't stop the fact that there are lovers and pros of NFT

[ultrloa]

I still don't understand what the phenomenon of these pictures is.It's funny to me to watch how what cost hundreds of thousands yesterday is worth nothing today.I can understand if the nft is attached to the subject of real art and it gives the right to transfer, then yes.
I have never bought them and do not plan to, I do not see any uniqueness in them except as a record in the blockchain.

People have been saying NFT is overhyped and yes it is truly overhyped but it doesn't stop the fact that it's still existing and may continue to exist along side blockchain.
The real value may not be felt now because of its virtual nature, but in the near future no one knows what NFT may develop into. It is just a tender market that has the tendency to explode in the future.
Personally, I don't have attractions to nft because I am hardly attracted to offline art let alone something I can't feel, but it doesn't stop the fact that there are lovers and pros of NFT

The same with other trend NFT is used by many scammers to take advantage of peoples belief and scam them. NFT's are really great because it give chance to some artist or organization to get funds for their project created. But it doesn't take the fact that this is over hype to much and it seems many people use this craze just to become rich and abandon those people who believes on them. Maybe we don't see the full potential of NFT yet but let see what future could bring by this technology.

[Natalim]

They become popular last year but it was over when the Bull season is done. Therefore, I'd just think that investors haven't seen the usable value of NFT in the market and for the community. Meaning, these projects are even not useless but they are turned down badly like ICO and IEO.
Many people made a huge profit last year but for now, they almost got nothing. Projects that are made during the hypes will never last long and this is what happens to NFTs.

[FinneysTrueVision]

So far NFTs have not lived up to the hype. We've been told by altcoin supporters that there is so many potential use cases beyond digital art/collectibles. I have yet to see them used for anything else. People want to force crypto into everything but NFTs do not seem to be an adequate solution for the problems we are told they are going to solve.

[o48o]

-cut-
True, but not in all aspect. But I do agree that NFT isn't something I'll venture into in the nearest future.
The marketing of NFT is just so incomprehensible I do wonder how on earth someone will be willing to pay up to 4 ETH just for an image sorry NFT.
-cut-

Let me put it this way:

Why would anyone pay $17k for one full bitcoin when it doesn't even come with an Image attached to it?

People seem to be pretty unaware that they are using same exact points to point out how ridiculous NFTs are that nocoiners are using to ridicule all crytocurrencies. Those are also just marks in ledger, just like NFTs.

[justdimin]

I believe the NFT market is only part of the Hype or certain momentum from existing events.
I see no more value than functional NFT. may be different from the opinion of people who understand art. but in the NFT market, you can see a lot of NFT works that are sold quite expensive, and sorry, it's better to invest in Bitcoin or other altcoins for me.

the NFT market is highly dependent on momentum. like when the Hype of the game project, they released the NFT which is also being hunted in the market. this seems to be related. but for NFTs that don't have clear projects and sell at high prices, that's confusing to me.
The latest momentum today is the world cup. NFT players and all the attributes related to the current world cup are crowded. I don't think this is a good investment. but the NFT market is still alive and has its fans.

It is true that we are not going to really see something huge for a long time, it is obvious that we are not going to end up with a big NFT world in the near future, it's true. However, that doesn't mean that we are not going to end up with something that is at least a bit revolving around NFT in some corner of the world neither.

I believe that NFT will keep being something that people care about for a while, not all people but some people and some of those people will have some money as well and eventually all these people will get together and use that money to buy NFT's and there will be a market for it. There is no doubt that this is a big possibility.

[Hildentine]

I think about nft is a digital thing which are buy in sell in the different market place in this time nft are a very strong alot of people interested in this system.
Many time we got a free nft and then we sell easily and we got a good profit and some time we invest in nft and after some time we see that nft are no value and we lost our money so very careful about investing in nft .

[JustEducated]

The truth is that most people fail to see the true potential of NFTs.
And when they decide to try it out and it didn't work out as expected rather than learn more about it they will instead be creating FUD.
It's true that NFT is a different when it comes to marketing and also usage but the potential of NFTs should be recognized.
NFT is not just a picture that can be downloaded from anywhere in the internet and saved into the computer device.

[isaac_clarke22]

I don't understand it either! It seems to me that this is some kind of wildness! The product must be worth its money or, in other words, the price must be justified! But I have such a suggestion! That when the price is put higher, it begins to seem that this product is really cool, but in fact it is not! It's kind of a trick! A marketing trick!!

Don't worry a lot of people like us do not understand the reasoning on why would people buy these digital images for a lot of coins rather than just buying some real stuff paintings that you could potentially post in a museum. Not sure about the craze of NFTs these days of December, but I am pretty sure it has already died out after Bitcoin just dipped for a while.

There are even NFTs in games that people are really crazy about and to be honest, it became trend in here that it became a money-making scheme back then. People applying to be scholars and stuffs and people pursuing it in every means possible. I never joined one because it is not really that interesting for me.

[virasisog]

The truth is that most people fail to see the true potential of NFTs.
And when they decide to try it out and it didn't work out as expected rather than learn more about it they will instead be creating FUD.
It's true that NFT is a different when it comes to marketing and also usage but the potential of NFTs should be recognized.
NFT is not just a picture that can be downloaded from anywhere in the internet and saved into the computer device.

There are really lots of potential altcoins but many scsmmers have also used it to scam investors so we can't blame them for having trust issues towards it. Also, potential NFTs have failed to handle the bearish season and have almost lost their value. I think they still need more time to polish and develoo everything well. We can only see how they will rise and develop again when the market recovers. Potential NFTs still deserve a chance but they also have to prove us more.

[Hypnosis00]

The truth is that most people fail to see the true potential of NFTs.
And when they decide to try it out and it didn't work out as expected rather than learn more about it they will instead be creating FUD.
It's true that NFT is a different when it comes to marketing and also usage but the potential of NFTs should be recognized.
NFT is not just a picture that can be downloaded from anywhere in the internet and saved into the computer device.

Then to ask you, what really is the use of these NFTs?

Just like with the others, I'd never see the potential of these projects, they remain just art, digital pictures...Because if investors really appreciate the existence of these projects for sure they will never leave but they did it. This will literally mean that they never see it as a profitable investment. bear

I'd see a huge growth of NTF's during the bull season but when the bear season comes, they are slowly gone.

[Oasisman]

The truth is that most people fail to see the true potential of NFTs.
And when they decide to try it out and it didn't work out as expected rather than learn more about it they will instead be creating FUD.
It's true that NFT is a different when it comes to marketing and also usage but the potential of NFTs should be recognized.
NFT is not just a picture that can be downloaded from anywhere in the internet and saved into the computer device.

Care to elaborate more on the potentials of NFTs?
Coz people went crazy about how expensive these digital artworks are. I know they tokenized assets which cannot be replicated and will remain unique forever. But, i don't know, I'm not really into NFTs as I can sense most of these NFTs are gonna be sold expensive but when you try to sell it, it won't be as much as you expected to be.
I rather have Bitcoins for long term.

[alexandr1115]

I don't understand it either! It seems to me that this is some kind of wildness! The product must be worth its money or, in other words, the price must be justified! But I have such a suggestion! That when the price is put higher, it begins to seem that this product is really cool, but in fact it is not! It's kind of a trick! A marketing trick!!

Don't worry a lot of people like us do not understand the reasoning on why would people buy these digital images for a lot of coins rather than just buying some real stuff paintings that you could potentially post in a museum. Not sure about the craze of NFTs these days of December, but I am pretty sure it has already died out after Bitcoin just dipped for a while.

There are even NFTs in games that people are really crazy about and to be honest, it became trend in here that it became a money-making scheme back then. People applying to be scholars and stuffs and people pursuing it in every means possible. I never joined one because it is not really that interesting for me.

Yes, indeed!! You have noted this moment very well! I still don't understand what all this is for? Actually, that's why I created this topic to understand this issue in more detail, but so far I have not found any weighty arguments in favor of NFT! Therefore, I invite everyone to discuss this difficult topic! But in addition to that, I suggest anyone who wants to post interesting NFT pictures for discussion! Maybe someone can explain what's so special about them!

[asriloni]

the NFT technology could actually being taken advantage of for far better implementation like identifying unique items therefore could be used for authenticity of items but nowadays it's being used only for arts collection which is such a waste considering how good the NFT technology is, aside from that the fact that NFT could be used for gaming in creating unique items is already good enough but it seems the blockchain couldn't contain how fast these gaming are in utilizing the blockchain for their games, therefore in the meantime I think NFT still has many potential and it isn't only limited to arts, there's definitely so much utility that's still haven't figured out and surely it will eventually gets figured in the future.

[BitDane]

Dedicated to the owners of non-existent things!!

What do you think about NFT products?? I am interested to know any of your opinions!! I will be glad if you share something interesting! Do you think that NFT is very popular in the market?? Is it possible to call it absurd or call it something outstanding?? Please join the discussion. Tell me what you think about it! I'm really interested.

NFT is good while the hype lasts.  Most of NFT reward system today resembles Ponzi scheme.  NFT used to be popular but I believe the hype is already settled down.  As technology it is something outstanding but the reward system implanted to it is absurd and cannot be maintained in the long run.

For example - The bored monkey for 300 thousand dollars and Pixel cat for 531 thousand dollars

I believe this sales is staged and use to hype the NFT market.  These trades are possibly done to create a sensational news about the rise of NFT and many investors fall for it.

[alexandr1115]

Friends, I present to your attention an NFT painting worth $ 11.8 million!!!

Today's guest of our discussion topic is a picture from the cryptopunk collection! Dear friends, I ask you to love and favor. I suggest you evaluate this masterpiece. I think it's a first-class job

[justdimin]

Friends, I present to your attention an NFT painting worth $ 11.8 million!!!

Today's guest of our discussion topic is a picture from the cryptopunk collection! Dear friends, I ask you to love and favor. I suggest you evaluate this masterpiece. I think it's a first-class job

Not that I support it, or find it actually worth a lot. But, the idea is not that is is a good image, or a masterpiece, or even art but more about the fact that it is unique and rare. I know that it makes no sense to many people, it makes no sense to me neither but at least we should know why some people value it so high before we could be shocked by it as well.

The point of this image is not the fact that it is looking good, it is the fact that even if you use it, you are not the owner and NFT makes sure there is a real owner, and that means its very very unique, and even though I think it doesn't worth $11, I find it quite understandable if they really truly believe it.

[alexandr1115]

Friends, I present to your attention an NFT painting worth $ 11.8 million!!!

Today's guest of our discussion topic is a picture from the cryptopunk collection! Dear friends, I ask you to love and favor. I suggest you evaluate this masterpiece. I think it's a first-class job

Not that I support it, or find it actually worth a lot. But, the idea is not that is is a good image, or a masterpiece, or even art but more about the fact that it is unique and rare. I know that it makes no sense to many people, it makes no sense to me neither but at least we should know why some people value it so high before we could be shocked by it as well.

The point of this image is not the fact that it is looking good, it is the fact that even if you use it, you are not the owner and NFT makes sure there is a real owner, and that means its very very unique, and even though I think it doesn't worth $11, I find it quite understandable if they really truly believe it.

Yes, I absolutely agree with you! Maybe it is a unique product, or maybe it is rare, but for some reason it has not become better or cooler. There is an interesting news that the Fragment platform sells nicknames for telegram in the form of NFT, and this moment is much more understandable for me. Although this is also strange, because the prices there are not quite normal.

[alexandr1115]

Friends, I present a painting worth $7.58 million. And not a lot, and not a little! Friends, please rate this NFT product. Friends, please pay attention. That this NFT product differs from the past only in that it has a training elastic band instead of a bandana. Otherwise, the pictures are almost identical.

CryptoPunk #3100

[STAI_BLOCKCHAIN]

Friends, I present a painting worth $7.58 million. And not a lot, and not a little! Friends, please rate this NFT product. Friends, please pay attention. That this NFT product differs from the past only in that it has a training elastic band instead of a bandana. Otherwise, the pictures are almost identical.

CryptoPunk #3100

That's just ... lol? Maybe the person bought it themselves (and yes... paid the fees) to become more famous?

[alexandr1115]

That's just ... lol? Maybe the person bought it themselves (and yes... paid the fees) to become more famous?

Hah! It's really funny! By the way, this is a very interesting option! I think it's a merit! I'm more interested in how many minutes such a picture can be made in Photoshop? why is it so funny?

NFT is good while the hype lasts.  Most of NFT reward system today resembles Ponzi scheme.  NFT used to be popular but I believe the hype is already settled down.  As technology it is something outstanding but the reward system implanted to it is absurd and cannot be maintained in the long run.

Yes, I agree with you too! It's hard to say whether the hype has subsided or not! Because various companies are still using NFT as a way to attract attention, but, of course, there is probably less hype!


This is very important. Friends, I ask you if you quote, then please make a smaller picture so as not to duplicate it in every post! In the code, it is enough to add - [img width=200
Thank you for your understanding!

[asyakashi]

NFTs have become a very popular topic these days as they provide a new way to trade digital assets effectively. However, as is the case with all new technologies, there are some questions and concerns associated with NFTs, such as copyright issues, security, and price stability.

[o48o]

Not that I support it, or find it actually worth a lot. But, the idea is not that is is a good image, or a masterpiece, or even art but more about the fact that it is unique and rare. I know that it makes no sense to many people, it makes no sense to me neither but at least we should know why some people value it so high before we could be shocked by it as well.

The point of this image is not the fact that it is looking good, it is the fact that even if you use it, you are not the owner and NFT makes sure there is a real owner, and that means its very very unique, and even though I think it doesn't worth $11, I find it quite understandable if they really truly believe it.

Not only unique and rare but a part of culture history. The fact that so many celebrities were talking about them makes the case of "part of history" even stronger. And people want to own parts of history. They are usually physical things but that will change in the future when buying rights to something doesn't require physical paper for it.

It's the same reason why bitcoin would have some value even if it gets totally banned from every CEX.

[alexandr1115]

Friends, I ask you to evaluate these NFT products! Author - CryptArts, you can get acquainted with his works by links! Friends, I also ask you to rate the first post, I also added a couple of NFTs there! It seems to me that some did not even know that such NFTs exist! I know and I'm surprised myself!

[uneng]

For me NFTs are only interesting if they have a practical purpose to exist and if they give benefits to the holder. Pictures' NFTs are worthless and can be easily copied and reproduced with a simple print-screen. There isn't any uniqueness when holding such NFTs. For me it's a pump and dump scheme with the participation of sellers and some buyers aiming to encourage naive investors to purchase the promoted product as well, deluded into believing he is purchasing something really valuable, while in fact it's not.

[o48o]

Friends, I ask you to evaluate these NFT products! Author - CryptArts, you can get acquainted with his works by links! Friends, I also ask you to rate the first post, I also added a couple of NFTs there! It seems to me that some did not even know that such NFTs exist! I know and I'm surprised myself!

I am starting to think this was all for some sort of advertisement for specific obscure NFTs OP is now giving links to.

Also what do you mean about "rating" the first post? There's no rating system in here? If you are implying that we should give merits to it if we like it, then i must let you know that asking for merits is against bitcointalk rules.

[shinratensei_]

honestly having NFT arts valued at millions seems like absurd idea even though i honestly really like the technology of NFTs but I think it's just like some kind of manipulation, right now the value of these NFTs are falling apart mainly because of the fact that these NFTs has shown it's rather low utility I guess but hey, at least they still got their NFTs arts even though the value has sink so significantly.
I'm more inclined with the idea of NFTs being taken advantage in gaming and authenticity of products than these NFT arts honestly, the technology is awesome honestly.

[ultrloa]

honestly having NFT arts valued at millions seems like absurd idea even though i honestly really like the technology of NFTs but I think it's just like some kind of manipulation, right now the value of these NFTs are falling apart mainly because of the fact that these NFTs has shown it's rather low utility I guess but hey, at least they still got their NFTs arts even though the value has sink so significantly.
I'm more inclined with the idea of NFTs being taken advantage in gaming and authenticity of products than these NFT arts honestly, the technology is awesome honestly.

The price just bloated by the hype and feel sad for people who buy a art worth hundreds or millions of dollars since at the moment they cannot sell their asset at higher price or even at lower since most of the price of those NFT's drop so hard.

I like NFT's but I really so we hope in future we can really see its true potential since the idea is great but scammers ruin this.

[d3nz]

honestly having NFT arts valued at millions seems like absurd idea even though i honestly really like the technology of NFTs but I think it's just like some kind of manipulation, right now the value of these NFTs are falling apart mainly because of the fact that these NFTs has shown it's rather low utility I guess but hey, at least they still got their NFTs arts even though the value has sink so significantly.
I'm more inclined with the idea of NFTs being taken advantage in gaming and authenticity of products than these NFT arts honestly, the technology is awesome honestly.

The price just bloated by the hype and feel sad for people who buy a art worth hundreds or millions of dollars since at the moment they cannot sell their asset at higher price or even at lower since most of the price of those NFT's drop so hard.

I like NFT's but I really so we hope in future we can really see its true potential since the idea is great but scammers ruin this.

Yes, this is the sad part. NFTs today are worthless since a lot of scammers are joining in and tricking people which is the part it goes down, even though more celebrities are into this kind of art but it will not get hype again just like the last time.  NFTs are really worth it if you are really into art and not worrying about the fund you spend.

[o48o]

-cut-
The price just bloated by the hype and feel sad for people who buy a art worth hundreds or millions of dollars since at the moment they cannot sell their asset at higher price or even at lower since most of the price of those NFT's drop so hard.

I like NFT's but I really so we hope in future we can really see its true potential since the idea is great but scammers ruin this.

Then again there are those that have made money with it. Lots of the private sales and public mints still make 200% instant winnings. In fact i just participated to public mint and floor of that raised 140% in a day at the opensea. And that's a pretty common thing, just like in early days of altcoins, you can't win with every bet, however gambling by buying and selling NFTs is at least to me more profitable then trading altcoins. You just need to know what to look for.

[JeffBrad12]

with highly overly inflated valuation it's rather normal that eventually it will go back down again and very hard at that, after all every overvalued coins will always meet their demise at the end of the day and this assets is definitely one of them. Even though nft seems like a really good idea at the end of the day the valuation that it has was purely caused by speculation nothing more. It seems the only thing that could helps nft keeps its existency to this day is the supports from binance and other big platforms, they are the bane of nft existence since they've thrown millions and millions in nft projects that means they wasted money if it all failing. Most of NFTs will be ended as nothing. it can be seen from how many popular NFTs that were going down on its price floor.
I see that the future of NFT was just gimmick as it's not so useful as predicted by people before. So many scammers were also minting bunch of NFTs anytime.

[Mahanton]

honestly having NFT arts valued at millions seems like absurd idea even though i honestly really like the technology of NFTs but I think it's just like some kind of manipulation, right now the value of these NFTs are falling apart mainly because of the fact that these NFTs has shown it's rather low utility I guess but hey, at least they still got their NFTs arts even though the value has sink so significantly.
I'm more inclined with the idea of NFTs being taken advantage in gaming and authenticity of products than these NFT arts honestly, the technology is awesome honestly.

The price just bloated by the hype and feel sad for people who buy a art worth hundreds or millions of dollars since at the moment they cannot sell their asset at higher price or even at lower since most of the price of those NFT's drop so hard.

I like NFT's but I really so we hope in future we can really see its true potential since the idea is great but scammers ruin this.

Yes, this is the sad part. NFTs today are worthless since a lot of scammers are joining in and tricking people which is the part it goes down, even though more celebrities are into this kind of art but it will not get hype again just like the last time.  NFTs are really worth it if you are really into art and not worrying about the fund you spend.

When there's a new trend then expect that there would be lots who would really be jumping on the craze and would be making their own and ending up on scamming out those who had bought.At first impressions about
NFT which is particular talking about those crappy pixelated images then i dont really see its relevance but surprisingly there are people who do really tend to buy up with those craps and now that
the market had a bearish movement plus those hype is eventually gone then its not surprising on how bad the value had dropped which would be leaving those kind of whining and regretful words
out of those people who had invested which i should say that it is really a lesson learned for them not to make themselves easily get dragged off with the hype.

[|MINER|]

A few days ago I was thinking a lot after seeing many news rumors about nft. But after seeing the current situation I think NFT is not that kind of big thing and I also think that it will now be nothing but the preserve of rich people. Now In my personal opinion NFT is just a hype, and if you invest in it there is a possibility of loss in future.

[Silberman]

-cut-
The price just bloated by the hype and feel sad for people who buy a art worth hundreds or millions of dollars since at the moment they cannot sell their asset at higher price or even at lower since most of the price of those NFT's drop so hard.

I like NFT's but I really so we hope in future we can really see its true potential since the idea is great but scammers ruin this.

Then again there are those that have made money with it. Lots of the private sales and public mints still make 200% instant winnings. In fact i just participated to public mint and floor of that raised 140% in a day at the opensea. And that's a pretty common thing, just like in early days of altcoins, you can't win with every bet, however gambling by buying and selling NFTs is at least to me more profitable then trading altcoins. You just need to know what to look for.

It is undeniable that you can make profits with NFTs, but can you make more than what you can lose? Can you do this over and over again? And I suppose the answer for both of those questions for most investors is no, and since the NFT market is completely based on hype then it is almost impossible to make use of your knowledge or skills to give yourself an advantage over the rest of the investors, which is the reason why many think of NFT investing as pure gambling.

[oaz7t]

I think NFT's are going way away from the actual dedicated path of the society. I mean initially
though they were just pictures and images being transferred from one person to another there are now also becoming the real asset stuff. Even physical NFT's have started coming to the real world physical assets too. With the time they will be touch able assets. Don't know hologram based images to the real world NFT concert tickets. This thing can move to any direction in the future. Better keep our hands on few of them and not  miss the train.

[Wexnident]

It is undeniable that you can make profits with NFTs, but can you make more than what you can lose? Can you do this over and over again? And I suppose the answer for both of those questions for most investors is no, and since the NFT market is completely based on hype then it is almost impossible to make use of your knowledge or skills to give yourself an advantage over the rest of the investors, which is the reason why many think of NFT investing as pure gambling.

I actually wouldn't deny calling it a lottery at some point really. Not to mention at some levels the hype is realkly artificial afaik, rich people just pay more people to hype up the project, increasing the chances of whatever their minting to increase in price, even if temporary, and then profit. It's just dumb. You'd have to have a pretty big wallet to even afford entering it since losing and winning in it costs pretty big.

Friends, I also ask you to rate the first post, I also added a couple of NFTs there! It seems to me that some did not even know that such NFTs exist! I know and I'm surprised myself!

They're good, design-wise, but not worth the money I'd probably have to spend on. I might be a bit biased but I can probably pay artists on Twitter more and get a better return for what I paid.

[klidex]

with highly overly inflated valuation it's rather normal that eventually it will go back down again and very hard at that, after all every overvalued coins will always meet their demise at the end of the day and this assets is definitely one of them. Even though nft seems like a really good idea at the end of the day the valuation that it has was purely caused by speculation nothing more. It seems the only thing that could helps nft keeps its existency to this day is the supports from binance and other big platforms, they are the bane of nft existence since they've thrown millions and millions in nft projects that means they wasted money if it all failing. Most of NFTs will be ended as nothing. it can be seen from how many popular NFTs that were going down on its price floor.
I see that the future of NFT was just gimmick as it's not so useful as predicted by people before. So many scammers were also minting bunch of NFTs anytime.

That's right. For now and so on, I myself also don't believe in NFT. Maybe many investors don't believe in it anymore.
Because there is no longer a trend and many new NFT projects have sprung up that are just scammers and useless.
It is very different from a few years ago, we can still rely on NFT as a source of profit and it has been proven that many old NFT projects have experienced success with skyrocketing prices.
For now I am more inclined to trust more projects than Altcoins.

[o48o]

It is undeniable that you can make profits with NFTs, but can you make more than what you can lose? Can you do this over and over again? And I suppose the answer for both of those questions for most investors is no, and since the NFT market is completely based on hype then it is almost impossible to make use of your knowledge or skills to give yourself an advantage over the rest of the investors, which is the reason why many think of NFT investing as pure gambling.

Well you can replace word "NFT" with "Altcoins" on your text and same applies, in fact you can think collectables as altcoins with a serial number and picture attached to each one.
And losing or winning (in nfts and trading in general) depends on where you are at the market cycle and what you are investing to.

Sadly like altcoins, NFT collectables are a zero sum game based on the hype. You need more people to buy then then to sell them if you want price to grow, and as it can't grow infinite amount, eventually markets crash and lots of people will lose money. And like with altcoins, hype comes and goes, right now we are in the bear market but some nfts will eventually bounce back bigger then ever.

[shinratensei_]

Yes, this is the sad part. NFTs today are worthless since a lot of scammers are joining in and tricking people which is the part it goes down, even though more celebrities are into this kind of art but it will not get hype again just like the last time.  NFTs are really worth it if you are really into art and not worrying about the fund you spend.

even if your into art, I doubt you just gonna waste millions of money and then just seeing this turns into nothing, these NFT quite literally hast lost so much of volume that I don't think it's even worth it even if you really fancy arts, moreover the art in NFT usually isn't really art, I think it's more of famous trend that many is riding and at the end of the day it's sinking because the market is seeking for the bigger fool that gonna lose even bigger money.

[crwth]

If you are really into collections and getting more of a scarce material, I thought that it would be okay to get that type of NFT for me. It’s one of the things that you need to consider because it should be essential and has valuable things attached to it.

I feel like other people or members in this form are making it a trend, like some coins or ICO’s, or just the trend in general, where people are getting more and more of something

As long  as you are investing the money that you think you can lose, then I think it’s okay to get what you want.

[isaac_clarke22]

~

I mean with those digital images, any freelancing graphic designer could have done most of the "image" NFTs. For paintings, I would prefer getting the physical art itself rather than just the digital ones that could be sold in OpenSea. I read before that those bought "physical" paintings in NFTs that were digitalized are burned in regards of the purchase of the buyer (not sure if this was exactly what it said since I read it long time ago), but that does not make it any better than just buying it personally.

I even hear those NFTs being used in games as well.

[TimeTeller]

~

I mean with those digital images, any freelancing graphic designer could have done most of the "image" NFTs. For paintings, I would prefer getting the physical art itself rather than just the digital ones that could be sold in OpenSea. I read before that those bought "physical" paintings in NFTs that were digitalized are burned in regards of the purchase of the buyer (not sure if this was exactly what it said since I read it long time ago), but that does not make it any better than just buying it personally.

I even hear those NFTs being used in games as well.

Not all NFTs are worth buying, but I can agree that there are some valuable NFT creations.
If we browse in OpenSea, there are a lot of artworks that are expensive, and you will wonder why.
For buyers, I suggest, think of its possible future value. Don't just buy because it seems expensive today.
I believe, most of those artworks will be worthless in the future as no one wants to buy it anymore.
As you said, you would prefer a physical art as compared to digital art. Most people still see that it is worth buying a physical art.

[AakZaki]

I mean with those digital images, any freelancing graphic designer could have done most of the "image" NFTs. For paintings, I would prefer getting the physical art itself rather than just the digital ones that could be sold in OpenSea. I read before that those bought "physical" paintings in NFTs that were digitalized are burned in regards of the purchase of the buyer (not sure if this was exactly what it said since I read it long time ago), but that does not make it any better than just buying it personally.

I even hear those NFTs being used in games as well.

NFT in games is now widely used. even the prices are crazy when the NFT hype. But now let's see together, the decline in the NFT market is also quite crazy. I even have some NFTs that are pretty decently priced and haven't been able to sell them yet. Eventually, the NFT will just be a Digital display in my wallet. The NFT hype is over and those buying at the price just need to be patient.

[doomloop]

Yes, this is the sad part. NFTs today are worthless since a lot of scammers are joining in and tricking people which is the part it goes down, even though more celebrities are into this kind of art but it will not get hype again just like the last time.  NFTs are really worth it if you are really into art and not worrying about the fund you spend.

even if your into art, I doubt you just gonna waste millions of money and then just seeing this turns into nothing, these NFT quite literally hast lost so much of volume that I don't think it's even worth it even if you really fancy arts, moreover the art in NFT usually isn't really art, I think it's more of famous trend that many is riding and at the end of the day it's sinking because the market is seeking for the bigger fool that gonna lose even bigger money.

Not all NFTs are scams. There are still legit NFTs out there that we can invest in but if I am an art lover I think I will just buy the art which I can see and touch physically and not NFTs which are only digital. I can't see them right away but I still need to open a wallet or a website which I found a hassle.

A lot of NFTs lost so much volume but that is expected already because people are only driven by the hype in recent times but most of them have finally woken up from the truth that there are no real benefits from buying and holding an NFT. They can in fact lose money in the process because the demand for NFTs will only get lesser from time to time.

[bakasabo]

NFT is a huge swamp. doomloop, show me please something worth investing. I think only "Bored Ape Yacht Club» are the one who still keep high price, everything else, that used to be on hype have lost their value. I see no future for NFT as an instrument of investment. Even bear market with «discount prices» does not create NFT as a great investment. Imho, right now they are more like fun pictures, then something valuable. It was already said many times - NFT hype is gone.

[fuguebtc]

NFT is a huge swamp. doomloop, show me please something worth investing. I think only "Bored Ape Yacht Club» are the one who still keep high price, everything else, that used to be on hype have lost their value. I see no future for NFT as an instrument of investment. Even bear market with «discount prices» does not create NFT as a great investment. Imho, right now they are more like fun pictures, then something valuable. It was already said many times - NFT hype is gone.

If you're looking for a long-term investment, the NFT isn't a good fit, and you're asking which NFTs are valuable during bear season, which is unreasonable. Since even projects that people call potential are struggling, you can't ask for a potential NFT at this stage.

For me, the old NFT projects are almost dead, but the NFT trend is not dead or gone, they will come back when the bull season returns. And I'm here to make a profit, as long as something can be profitable, I won't take it lightly.

[o48o]

NFT is a huge swamp. doomloop, show me please something worth investing. I think only "Bored Ape Yacht Club» are the one who still keep high price, everything else, that used to be on hype have lost their value. I see no future for NFT as an instrument of investment. Even bear market with «discount prices» does not create NFT as a great investment. Imho, right now they are more like fun pictures, then something valuable. It was already said many times - NFT hype is gone.

That's weird way to put it, because you might as was say "show me something worth investing in altcoins". Because if you treat NFTs as one thing when it's actually huge amount of of projects, sure, most of them are garbage, but you might as well say that you don't see future in cryptocurrencies. Because also in those, 99% are not worth investing.

Same things apply. And if you are talking about real world use cases; aside from form of payment, most altcoins don't have those either.

[isaac_clarke22]

~

I won't even be surprised if some random investor of NFTs just bought a "dick" art in some random site that can just be replicated easily through MS Paint. There are a lot of people that are having misconception between NFTs and digital art and they seem to merge the meaning between the two.
Not sure how do those buyers think of its future value, but surely it will still look the same anyway regardless.
If I wanted to buy some digital arts, I would just hire a digital artist and get it in a "appropriate" price.

[Cling18]

honestly having NFT arts valued at millions seems like absurd idea even though i honestly really like the technology of NFTs but I think it's just like some kind of manipulation, right now the value of these NFTs are falling apart mainly because of the fact that these NFTs has shown it's rather low utility I guess but hey, at least they still got their NFTs arts even though the value has sink so significantly.
I'm more inclined with the idea of NFTs being taken advantage in gaming and authenticity of products than these NFT arts honestly, the technology is awesome honestly.

NFT arts could easily be imitated so I don't really see that its value is worth it. I would rather use my funds in investing with good coins than purchasing NFT digital arts. NFTs are also having a hard time dealing with the market situation so, despite the potential, they couldn't rise and strike a good position in the market. It may take time before they reach a good spot because they will surely just get along with the market recovery period.

[Vickysagar]

I don't see NFT as a good investment in the long-term, and I don't see art value in them. So I don't really see a point in NFTs in their current state.

[bakasabo]

NFT is a huge swamp. doomloop, show me please something worth investing. I think only "Bored Ape Yacht Club» are the one who still keep high price, everything else, that used to be on hype have lost their value. I see no future for NFT as an instrument of investment. Even bear market with «discount prices» does not create NFT as a great investment. Imho, right now they are more like fun pictures, then something valuable. It was already said many times - NFT hype is gone.

That's weird way to put it, because you might as was say "show me something worth investing in altcoins". Because if you treat NFTs as one thing when it's actually huge amount of of projects, sure, most of them are garbage, but you might as well say that you don't see future in cryptocurrencies. Because also in those, 99% are not worth investing.

Same things apply. And if you are talking about real world use cases; aside from form of payment, most altcoins don't have those either.

Indeed, most altcoins does not have a real use case, but as to NFT - the percentage of no use case is many times more. As an investment, any altcoin is much better than NFT. Even an altcoin without use case is better than NFT. Because you at least try to substantiate why buyer should look at your altcoin and buy it, while NFT - it is just a picture. Try convince someone to buy NFT that you have. Because NFT is only a hype, but any altcoin it is at least an idea and attempt of a technology behind it.

[Silberman]

~

I won't even be surprised if some random investor of NFTs just bought a "dick" art in some random site that can just be replicated easily through MS Paint. There are a lot of people that are having misconception between NFTs and digital art and they seem to merge the meaning between the two.
Not sure how do those buyers think of its future value, but surely it will still look the same anyway regardless.
If I wanted to buy some digital arts, I would just hire a digital artist and get it in a "appropriate" price.

I am not going to deny that at first I thought NFTs could have a use case for the artists that mainly use a digital medium to express themselves so they could sell their art for a good price, but very quickly it turned into nothing more but people trying to sell their low quality art to others, so it became useless as a tool to those artists, but in a way it is not so bad as those which truly have talent can always move to a physical medium, create great art and sell it for a fortune anyway, proving that NFTs were never really necessary.

[OgNasty]

I’m starting to see all kinds of new NFTs and utilities for them recently. I think most of the “artists” selling pictures have gone the way of the dodo bird leaving those who are actually building functionality for their collections. I just came across an application that lets you be your NFTs on video chats or streams. That seemed like a pretty cool thing to do with NFTs you own if you were into that sort of thing. People are still building…

[zasad@]

To date, most NFT projects are of little value to the ecosystem. When these tokens have a real use, for example in popular computer games with large audiences of users, then the market will develop rapidly. In the meantime, this market is full of scammers, and most NFTs have lost over 90% of their value. And it’s not a fact that their price will rise, unlike altcoins.

[o48o]

Indeed, most altcoins does not have a real use case, but as to NFT - the percentage of no use case is many times more. As an investment, any altcoin is much better than NFT. Even an altcoin without use case is better than NFT. Because you at least try to substantiate why buyer should look at your altcoin and buy it, while NFT - it is just a picture. Try convince someone to buy NFT that you have. Because NFT is only a hype, but any altcoin it is at least an idea and attempt of a technology behind it.

Well i agree to disagree, as i don't see an idea or any new tech under majority of altcoins or tokens. In fact i see them more dishonest as they are often claiming to solve something that doesn't need solving. While collectables don't pretend to be anything else what they are. They are similar to doge in that way.

There are altcoins that are actually doing something interesting, but one can see erc721 and 1155 interesting as well.

[RealMalatesta]

NFT arts could easily be imitated so I don't really see that its value is worth it. I would rather use my funds in investing with good coins than purchasing NFT digital arts. NFTs are also having a hard time dealing with the market situation so, despite the potential, they couldn't rise and strike a good position in the market. It may take time before they reach a good spot because they will surely just get along with the market recovery period.

Even though I agree with you, it's about ownership and not being able to use it. The old "I took a screenshot LOL" type of thing misses the point of NFT, it's not about being able to use it or be the only one to use it, it is about the fact that you have ownership of it, it's yours and nobody else's. You could see Mona Lisa as well on google, or you could make it your twitter profile picture, but you do not OWN Mona Lisa right? Same logic.

One is digital and the other physical, there is a difference, but the idea is the same when we are talking about ownership. In the end if you really want to be able to provide something great, then you need to realize what it is and what it isn't and fix what it isn't.

[isaac_clarke22]

~

Yeah and I am pretty sure there would be more "try hards" out there thinking that they can just draw trash and earn millions from it. If you want to be a reputated digital artist or earn a lot, NFTs are not the way to go now. I am pretty sure those who had bought some of those trash NFTs are likely questioning their decisions right now.
If I was a digital artist, I would just post up my works in Behance and that would work far more better than attempting to sell those in OpenSea as NFT.

[shinratensei_]

To date, most NFT projects are of little value to the ecosystem. When these tokens have a real use, for example in popular computer games with large audiences of users, then the market will develop rapidly. In the meantime, this market is full of scammers, and most NFTs have lost over 90% of their value. And it’s not a fact that their price will rise, unlike altcoins.

well it's true if NFT is just being utilized for random arts eventually this will never find bigger valuation in the market, had it being used massively for something that has more utility it could definitely opens up more opportunity, the thing with NFT is that it's being considered rather failure technology because it's frequently being used for these arts which has shown some silly valuation and attempt of manipulation, even though there are so many of utilities that nft offered but it gets overshadowed with arts and its value manipulations.

[sajeeb21]

I concur with it that it is overhyped and I likewise accept that certain individuals exploit it to sell workmanship regardless of whether the craftsmanship is made by youngsters or a kid. Indeed, even an image picture is likewise sold as a NFT and I don't know why that individual got it when many individuals approach it and even remember it for a video or even in an article. Not that I could do without NFT in light of individuals who are exploiting it but since you can likewise acquire benefit yet I figure the promotion will stop sometime.

[drac970815]

I think it's an overhype thing. Btw I have some free nfts from airdrops and giveaways. Some don't have value but some sold for 1-100$. But among them that NFTs sold for 20-40$ now don't have value. So think twice if you put more money in the NFTs.