The Future of NFT

[SmokerApeth]

What do you guys think about the future of nft?
Many people think that nft is useless digital trash, but I have a different idea from them.
This is because many famous companies and platforms around the world employ blockchain developers and create related nfts in various fields such as art and sports.
I think it's now Nft's turn, just as Bitcoin has been treated as digital waste and its price has been upward.
Tell me what you think

[Pandji02]

I still think NFTs are pretty pointless. Someone just might make an NFT using art os someone else and make money out of it. But NFTs can't be fully protected by the government, because it's crypto. But if it's not verified and protected by anyone, then what is the point of it and why the price of some of them is so high?

[o48o]

What do you guys think about the future of nft?
Many people think that nft is useless digital trash, but I have a different idea from them.
This is because many famous companies and platforms around the world employ blockchain developers and create related nfts in various fields such as art and sports.
I think it's now Nft's turn, just as Bitcoin has been treated as digital waste and its price has been upward.
Tell me what you think

You shouldn't really compare Fungible tokens or coins with non-fungible tokens. They serve a different purpose. Like comparing stamps to fiat money.
And i don't see it's NFT's "turn". NFT can coexist with fungible tokens, they are not fighting for the same space.

I still think NFTs are pretty pointless. Someone just might make an NFT using art os someone else and make money out of it. But NFTs can't be fully protected by the government, because it's crypto. But if it's not verified and protected by anyone, then what is the point of it and why the price of some of them is so high?

First we would need to understand why people view scarcity valuable in anything culturally semi important, then turn that scarcity to digital scarcity and you have your answer.

But what do you mean by not being verified or protected? Their whole deal is selling collectables with an easy verification. That someone is stealing art is more of copyright issue, not the NFT issue.

Flipping physical collectables in ebay means you would need to be sure they are original, how are you going to do that? You need just trust the seller, you can't check the smart contract being correct one. Not to mention you would need a dry storage space to store them.

With nfts it's impossible to sell digital counterfeits that could be confused to be part of the original collection. You can sell copies for sure just like in ebay you can sell cheap chinese knock offs but no one wants to buy those and you could check them way more faster then physical copies.

I guess your question should be why price of altcoins is high as this is all about concept of digital scarcity.

Marketcap of BAYC is around 1 billion dollars while marketcap of doge is 11 Billion dollars. So maybe better question is why dogecoin has over 10x value to the biggest NFT collection out there. It doesn't even have links to pictures attached to the tokens .

[Kelvinid]

...
I think it's now Nft's turn, just as Bitcoin has been treated as digital waste and its price has been upward.
Tell me what you think

No matter what they do, people will see NFT as low-value projects. They can't be compared to BTC as it was an ambitious attempt and there is no need to do that because NFTs have proven nothing in the first place. If you can afford to invest in hype projects, then invest in these NFTs and so in this way you could also experience of what happened to those investors who trust them in the past.

Bitcoin is really the king in the market and despite any market conditions, this will remain valuable, unlike these NFTs.

[Yogee]

...This is because many famous companies and platforms around the world employ blockchain developers and create related nfts in various fields such as art and sports.

I'm going to second this and also say that the future of NFT is regulation or centralization. The window is closing down on anonymous developers and digital art "creators" that sells anything in the guise of decentralization. I can see Government authorities would create and impose rules specifically for NFTs sooner or later.

[Bitstar_coin]

.....This is because many famous companies and platforms around the world employ blockchain developers and create related nfts in various fields such as art and sports.
I think it's now Nft's turn, just as Bitcoin has been treated as digital waste and its price has been upward.
Tell me what you think

Many people are all about the hype and hardly about the utility and concept.
Good thing about investment especially crypto is you have different options, those who sees nft as a useless trash can invest in other useful projects.
One thing to note is,  top brand companies are going into ntf and metaverse full force, perhaps they love to waste money on useless trash. 

[ryzaadit]

Still trash ~XD.

It's only one of the trend, and do people are really care about the Art? Let's be honest, If you buying NFTs from a company do they really care about that? I think the reason because they want to gain profit + because some influencer is promoted them.

To many trash NFTs.

[vv181]

NFT and bitcoin are completely different things. You simplified it too much that you ignore what distinguishes between NFT and Bitcoin itself, and it is wholly unrelated.

After all, as you have indicate that the implementation is spread across many big players, do in mind there is also a platform like Opensea, etc. The main point is the future of NFTs will completely rely on how many platforms centralise any aspect of NFT. If the NFT ecosystem wants to thrive, it is necessary to narrow down how the users interact with the ecosystem. With that in mind, it will significantly rely upon the big platform, for example, in which Twitter implements a feature that is able to connect their NFTs into an account.

[zasad@]

What do you guys think about the future of nft?
Many people think that nft is useless digital trash, but I have a different idea from them.
This is because many famous companies and platforms around the world employ blockchain developers and create related nfts in various fields such as art and sports.
I think it's now Nft's turn, just as Bitcoin has been treated as digital waste and its price has been upward.
Tell me what you think

I think you missed the main wave of growth in prices for NFT tokens. If you like NFT, then it is better to invest in NFT tokens of projects that you think will be popular in the future. This market is much more complicated than the cryptocurrency market and there are more frauds. And identifying scam is much more difficult.

[fzkto]

Still trash ~XD.

It's only one of the trend, and do people are really care about the Art? Let's be honest, If you buying NFTs from a company do they really care about that? I think the reason because they want to gain profit + because some influencer is promoted them.

To many trash NFTs.

It seems to me that it's not just about pictures or art. With NFT, in the future it will be possible to copyright music or for example the supply of products. I don't know in which industry this could be used, but opensea time will definitely turn into something bigger. Similarly nft will be used in vr. I think nft will have many uses in the future.

[wheelz1200]

I think it was mainly a fad.  There will be some need for nfts in the future but paying 10s of thousands of dollars for a silly internet picture will soon be a laugh at the table with your friends about how stupid it was.  Don't give me this art thing they are mostly all just cash grabs for their creators. Nfts that serve an actual purpose will gain traction though.

[o48o]

I think it was mainly a fad.  There will be some need for nfts in the future but paying 10s of thousands of dollars for a silly internet picture will soon be a laugh at the table with your friends about how stupid it was. 

When is that going to be? Nfts have been around for a quite a while now and they most likely are only down because of the bear market. Most nfts obviously are just silly low effort copy of a copy but so are most of the altcoins so how they differ exactly?

Don't give me this art thing they are mostly all just cash grabs for their creators. Nfts that serve an actual purpose will gain traction though.

Does irl collectables have an actual purpose? What should they represent to have an actual purpose? And what kind of actual purpose are you talking about? Not too many people are talking about the fact that in uniswap v3 NFTs are being used to represent LP positions.

[avikz]

What do you guys think about the future of nft?
Many people think that nft is useless digital trash, but I have a different idea from them.
This is because many famous companies and platforms around the world employ blockchain developers and create related nfts in various fields such as art and sports.
I think it's now Nft's turn, just as Bitcoin has been treated as digital waste and its price has been upward.
Tell me what you think

NFTs turn is gone! It will only work if global celebrities decide to launch their own NFTs and actively promote it. But if you are a commoner and you decide to try your luck in NFT market, you will be greatly disappointed. Just try if you don't believe it!

As rightly said by Mr. Elon musk, NFT is just a marketing buzzword and nothing else. This is a hype and when that hype was there, people made money! Now it's dead!

[uneng]

First we would need to understand why people view scarcity valuable in anything culturally semi important, then turn that scarcity to digital scarcity and you have your answer.

But what do you mean by not being verified or protected? Their whole deal is selling collectables with an easy verification. That someone is stealing art is more of copyright issue, not the NFT issue.

Flipping physical collectables in ebay means you would need to be sure they are original, how are you going to do that? You need just trust the seller, you can't check the smart contract being correct one. Not to mention you would need a dry storage space to store them.

With nfts it's impossible to sell digital counterfeits that could be confused to be part of the original collection. You can sell copies for sure just like in ebay you can sell cheap chinese knock offs but no one wants to buy those and you could check them way more faster then physical copies.

I guess your question should be why price of altcoins is high as this is all about concept of digital scarcity.

Marketcap of BAYC is around 1 billion dollars while marketcap of doge is 11 Billion dollars. So maybe better question is why dogecoin has over 10x value to the biggest NFT collection out there. It doesn't even have links to pictures attached to the tokens .

You mentioned the possibility of receiving counterfeit physical collectables, however they still aren't perfect copies, because some details from the original artpieces can't be reproduce, such as quality of the material, color tones and brightness when there are golden or silver details. So, the "smart contract" in this case are the physical characteristics of the product which can be evaluated by a specialist.

And to acquire that kind of collectable really makes sense, because it's a physical good, which shows physical differences between the copy and the original, while NFTs don't present any physical differences, if I take a print-screen of any of them and reproduce it in different places on the internet. I won't have the smart contract, but they will look exactly the same.

[dothebeats]

NFTs are money-grabbing opportunities created by the elite to make more money out of other people who are looking to make money collecting them. While there are some truly unique NFT pieces that have surfaced, most are still a rehash of one idea hoping to milk the hype created from it. Then again, different strokes for different folks. A lot of people see NFTs as something that they can work with and something that they can make money off of, so I guess I'll just let them be. After all, with all the people who are still willing to buy and sell NFT collectibles, it seems that the market for NFTs will not be gone any time soon.

[Margaretv]

...
I think it's now Nft's turn, just as Bitcoin has been treated as digital waste and its price has been upward.
Tell me what you think

No matter what they do, people will see NFT as low-value projects. They can't be compared to BTC as it was an ambitious attempt and there is no need to do that because NFTs have proven nothing in the first place. If you can afford to invest in hype projects, then invest in these NFTs and so in this way you could also experience of what happened to those investors who trust them in the past.

Bitcoin is really the king in the market and despite any market conditions, this will remain valuable, unlike these NFTs.

In fact, I often go to OPENSEA to see new NFT works. I wonder why many people collect them. I really don’t understand the meaning? Where does the value of NFT come from? There are also many celebrities who have joined in. If a photo is converted into an NFT, the price will be very high. What is the future of these works?

[cryptoaddictchie]

What do you guys think about the future of nft?
Many people think that nft is useless digital trash, but I have a different idea from them.
This is because many famous companies and platforms around the world employ blockchain developers and create related nfts in various fields such as art and sports.
I think it's now Nft's turn, just as Bitcoin has been treated as digital waste and its price has been upward.
Tell me what you think

As much as nft is hype is trending we all knew how much it was down for the last few months since the recession kicks in. But in my opinion thats fine, since metaversr are just started to bloom and nft will found their place again. But od course not all since some are created only just to make money and scam activities. Anyway youll see which one are the goods one.

[fuguebtc]

What do you guys think about the future of nft?
Many people think that nft is useless digital trash, but I have a different idea from them.
This is because many famous companies and platforms around the world employ blockchain developers and create related nfts in various fields such as art and sports.
I think it's now Nft's turn, just as Bitcoin has been treated as digital waste and its price has been upward.
Tell me what you think

NFT is also an altcoin project created to pump and dump for profit, it does not have any utility or use case. That's true because even the top altcoins are trash, born just to make a profit and disappear. As long as the NFT can still be used for the hype, it will still be in the market. Like meme coin, many people liken it to garbage, but many projects can bring thousands of % profit, it is not garbage, and garbage is not so profitable.

[yazher]

I think if they start to focus on one company that is producing NFTs from famous people, it would be easy for them to improve it in the future and to make it more popular and also a real item that could be sold at its given price. But instead, people are making NFTs all over the world loosely and the result is not really good because no more will gonna demand when everyone becomes a producer of their own NFT.

[Ojima-ojo]

What do you guys think about the future of nft?
Many people think that nft is useless digital trash, but I have a different idea from them.
This is because many famous companies and platforms around the world employ blockchain developers and create related nfts in various fields such as art and sports.
I think it's now Nft's turn, just as Bitcoin has been treated as digital waste and its price has been upward.
Tell me what you think

Of a truth i don't see anything wrong in NFT development as it allows for contact transfer via blockchain technology and this is an innovation that requires a lot of study, practice and all the other components that make up the successful transfer of ownership of content using cryptography.

The major challenge with this new development is the risk of hacks, scams and other vices that accompany such new development, these things give the original idea a bad name. That is why many people refer to NFT as total shit and not worth anything just like2 all the other web3 developments.