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!!