The Future of NFT

[Nonstopspider]

Hi friend, in my very personal opinion, the future is in the NFTs with utility and gaming ones. The NFTs like the BAYC and CryptoPunks will only survive a few like those but most will die if they don't have any utility but their existence.

The most promising in a bull market will be the Gaming Hubs like $DUX that seek the easy adoption of the crypto gaming, especially for those who don't have funds to afford an NFT.

[uneng]

In some cases it also applies. But regards altcoins, there is still a practical purpose on why we should acquire and hold them for real benefits.

Only real life practical purposes for altcoins i've seen so far can be summarized to transfer of value and storage of value. Yet people are mainly using them to speculate with volatility. Which in high enough quanties ironically defeats the purpose for transfering value or storage of value. You can use nfts for transferring value too, that value however will be even more volatile. Ironically again attracting those same speculators who could be speculating with altcoins but are now bringing more liquidity to nfts.

True, but if you can speculate on something which has a practical usage it's more advised than speculating on NFTs which have as main argument the uniqueness of the pieces, although you can reproduce each of them for free with a simple print-screen function on your keyboard.

We have already established that you can't reproduce them as collectables. It's like saying you can reproduce bitcoin by making your own chain that might as well be hosted only in your own computer. It would be identical yet, no one wants it.

The potential of these artistic NFT collections is the same potential of memecoins. Today they have demand, but tomorrow they might not have anymore, because it's exclusively about hype, instead of real benefits and application.

This is true yet it applies to any altcoin out there. Current applications are only worth something as long there are enough people using them. Not sure what benefits you are talking about.

Because of the speculation which can last until tomorrow only, and not because those NFTs are considered outstanding art pieces. Speculative price can be 1$ million dollars, but artistic value of those NFTs is zero.

Once again you are talking about artistic value. NFTs aren't about that. They are about tokens that are not fungible. People are not really "buying art" even though some people are acting as they are. They are buying tokens that are representing something. They are buying pictures in a sense they are buying links to files in ipfs. There are so far only few use cases for them. Reddit for exaample has already implemented nfts as avatars. When you use NFT avatars whey show up differently in your profile and you can't fake having nft as your user profile. But this isn't really about those either as infrastructure for making any practical use for nfts is not mature enough. We don't know what future holds but i am sensing it would be going to direction of profile pics like in reddit first.

And after tech like dusk is ready, we can make them represent actual physical things like securities.

Regards NFTs, do you mean? In some months or years nobody will know what apes and punks are anymore and enthusiasts holding those pictures on their wallets are going to see their investments melting down... And that is not hate, just an alert for investors who are being deluded by this category of crypto investment.

Well this is just you speculating. Some people also thought bitcoin and altcoins would be dead by now. And even icos were supposed to be dead but that just changed name and shape a little and came back with vengeance.

I believe your point is that you think the code, the ownership behind the NFT worths something, while I mean they are all about aesthetics, and that is everything what worths in a NFT art piece, therefore I can copy it and have the same final product anywhere on the internet.

If I have the aesthetics, I see no reason why I should care about having the ownership of it, and I see no reason why it should be so valuable, therefore I consider it a risky investment which can have its price driven from 1$ million to zero in a matter of a day.

You will say altcoins also involve the same risk, but they aren't about aesthetics and their respective blockchains are used by crypto developers to create their own tokens and by crypto enthusiasts to transact when the networks of the main cryptocurrencies are too congested, so it's not so simple for them to have their demand and price nuked.

[southerngentuk]

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 you can see, the NFT product is not something we have to lean to either side. They appear and will be accompanied by advocates and opponents of varying sizes, sometimes I think we should consider this issue in this market as normal rather than being carried away by the news. There's a lot of news surrounding it, and from experience that I've learned this is that something like the NFT is just a small part of a big pool of water, and let's just take a look at what it's capable of in that large pool.

[LastKiss]

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

It's a trash when there's no art in NFT and only a mere image but it's different when real artists make it. There are a lot of trash images that become NFT since a lot of people want to take the advantage of the Hype and when the Hype slowly fades away it's like NFT is not worth to invest again but in reality, real art will always remain valuable.  

[Silberman]

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 am optimistic about the future of NFT sector, as its use case is growing continuously, many industries, such as the art, gaming, and collectibles markets, are already starting to adopt NFTs as a way to authenticate and sell digital assets which indicates that there is huge investor's interest in this sector.
It is also possible that  DEFI sector may start using NFTs as a way for representing ownership of digital assets. Despite all these positive development, it is worth mentioning that NFT market is relatively new, how it develops in future, remains to be seen.

Scammers abused NFTs so much that I do not know if they can make such a comeback, after all it reminds me of the ico model we had before the 2017 bull run, so many people were scammed that icos never recovered, and while they have been renamed many times over since then the model had to change too as otherwise investors would refuse to trust the developers with any amount of money, and I feel the NFT market at minimum will need to go through a similar process.

[Pandu Geddon]

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

It's a trash when there's no art in NFT and only a mere image but it's different when real artists make it. There are a lot of trash images that become NFT since a lot of people want to take the advantage of the Hype and when the Hype slowly fades away it's like NFT is not worth to invest again but in reality, real art will always remain valuable.  

maybe it is because some people want to follow the hype and take advantage. but it seems that collectors will not always focus on the NFT market, and choose works that are good and have a high value.
however, projects that do business in the NFT market today, always rely on Hype to create market enthusiasm. Do you still remember the Ronaldo NFT event launched by Binance? now, what's the other goal, after all, is done?

[FanEagle]

We saw images being a thing for NFT world, how about we start seeing something else. There is now a great deal of effort going into publishing world working within the NFT sphere as well, basically e-books but in NFT format meaning you would be able to buy and own a book, you could find torrented version anywhere anyway, so this way if you bought the book, you would have the nft of it, and if you ever want to sell it, you could do that as well.

I believe that it would be something decent if people worked on it properly and that is just one thing. We will see the NFT world spread towards many more industries and not just images, that will be the future of it.

[TalkativeCoin]

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

It's a trash when there's no art in NFT and only a mere image but it's different when real artists make it. There are a lot of trash images that become NFT since a lot of people want to take the advantage of the Hype and when the Hype slowly fades away it's like NFT is not worth to invest again but in reality, real art will always remain valuable.  

maybe it is because some people want to follow the hype and take advantage. but it seems that collectors will not always focus on the NFT market, and choose works that are good and have a high value.
however, projects that do business in the NFT market today, always rely on Hype to create market enthusiasm. Do you still remember the Ronaldo NFT event launched by Binance? now, what's the other goal, after all, is done?

It reminds me a lot of ICOs back in the day, the "timeline/MO" is very similar, I reckon everything will dilute itself with time, and after then we'll probably have more, let's say, genuine intention projects.

[o48o]

I believe your point is that you think the code, the ownership behind the NFT worths something, while I mean they are all about aesthetics, and that is everything what worths in a NFT art piece, therefore I can copy it and have the same final product anywhere on the internet.

If I have the aesthetics, I see no reason why I should care about having the ownership of it, and I see no reason why it should be so valuable, therefore I consider it a risky investment which can have its price driven from 1$ million to zero in a matter of a day.

Well, difference of caring and not caring about that can be worth of ton of money. And obviously you don't need to care as you will not be part of the markets. Just don't fool yourself of getting the benefits from that picture you copied by using the linked image in somewhere. Except maybe for your own enjoyment, if that's enough for you then fine. Enjoy.

People who minted and hodled Bored Apes got ton of free stuff like mutants, dogs, $ape and when they stake those they get couple thousand dollars per week. So they wouldn't care less how much people are printing or copying apes. Because that's obviously not the point. Those are not part of the set and they are worthless.

And just because collectable NFT profile pics don't have a proper use case yet doesn't mean they won't have in the future, and buying the collectable secures your part in that place. Some people want to take that bet and it's their money to do as they wish.

And just to clarify,  I am not saying NFTs are a safe bet, they are anything but. Or that you should buy them (or even altcoins), you most likely shouldn't if you consider them too much of a risk.  And risk is very high i admit that. Odds are that you will lose.

I am just pointing out that logic people are using to diss NFTs is very much similar to early days of altcoin haters.
You would be making a better point by just pointing out that they are pretty much an expensive lottery tickets. Just dissing the protocol because you can copy some linked pictures makes me think you are missing the point.

You will say altcoins also involve the same risk, but they aren't about aesthetics and their respective blockchains are used by crypto developers to create their own tokens and by crypto enthusiasts to transact when the networks of the main cryptocurrencies are too congested, so it's not so simple for them to have their demand and price nuked.

If you think ERC721 or ERC1155 are still just about aesthetics you are missing the point i've been making with collectables.
I ended up defending the idea of just one of the use cases that doesn't even have real adoption yet.
They already have use cases in those blockchains you were talking about, like representing the lp positions in uniswap v3.
But people see just the visual ones that might as well be used as keys in the future.

[Oceat]

...
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.

NFT are supposed to be a token for artworks but due to the corruption of most people stealing ideas and arts just to sell them without the knowledge of the owner. It did cause a negative effect on the NFT community plus the bizarre overpricing of most arts/nft brings more losses to people who thought it would bring fortune to them. Now that the selling price suddenly gets low they can't take their investment back that's why most of them forced to sell at a cheaper price.

So, I couldn't disagree with what you said that NFT is a low-value projects in the end. It's just like how the ICO era did in the past.

[justdimin]

We saw images being a thing for NFT world, how about we start seeing something else. There is now a great deal of effort going into publishing world working within the NFT sphere as well, basically e-books but in NFT format meaning you would be able to buy and own a book, you could find torrented version anywhere anyway, so this way if you bought the book, you would have the nft of it, and if you ever want to sell it, you could do that as well.

I believe that it would be something decent if people worked on it properly and that is just one thing. We will see the NFT world spread towards many more industries and not just images, that will be the future of it.

That's right, NFT is an "idea", it's basically proof of ownership, and the images were mocked with "I could just take a screenshot of it and use it" and even with that it still made tens of millions of dollars to people. If it can go beyond that, beyond something that could be mocked and actually make people some money for it, then it could change a lot.

This started with games that use NFT and tokens and pay people money for playing, but obviously it wasn't enough and ended quickly. Next stop will be actually doing something people would be willing to spend money on, if that could be done, then NFT could increase a lot and be super valuable for sure, it just needs time.

[bitgolden]

I am optimistic about the future of NFT sector, as its use case is growing continuously, many industries, such as the art, gaming, and collectibles markets, are already starting to adopt NFTs as a way to authenticate and sell digital assets which indicates that there is huge investor's interest in this sector.
It is also possible that  DEFI sector may start using NFTs as a way for representing ownership of digital assets. Despite all these positive development, it is worth mentioning that NFT market is relatively new, how it develops in future, remains to be seen.

There will be more and more industries going into it. NFT is something that we should be very careful about, it is such a high potential thing that I would definitely not be wary of anything that is going on in there. I have to say that its going to be very important to focus on what could be done, innovation is where it will be.

If NFT world innovates and brings more and more stuff, it has technological capabilities that would be better than anything in the world. But in order for this to happen, we need to first find devs that will work on it and make it better, so far we have only seen ones that copy it and build different images and publish, that's not good at all.

[yohananaomi]

-*-

It's a trash when there's no art in NFT and only a mere image but it's different when real artists make it. There are a lot of trash images that become NFT since a lot of people want to take the advantage of the Hype and when the Hype slowly fades away it's like NFT is not worth to invest again but in reality, real art will always remain valuable.  

The hype situation is very strong in almost NFTs, but once again this phenomenon will always have people looking for opportunities to continue to make NFTs better known with the aim that they will be able to extract results from situations like this. we cannot escape the fact that there are many people who have money and are willing to do anything to seek the thrill and fame of the many cases that are happening and are now happening in NFTs.
I think that if there are still people who continue to do very unreasonable and strange things then that share will continue to exist and it will be difficult to escape this kind of reality.

[Ziskinberg]

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

It wasn't clear but new projects will come and could possibly outplay NFT as happened to the previous projects. Besides, we never see such importance in these NFTs, not a thing to be worried about because people do not actually have the desire to invest in them. I no longer invest in them after the hype is over, I'd sell them during the peak and it was a good decision. But for those who still have, kinda be regrets, most of the NFTs are scams, they can no longer make money from them. We have to stop thinking now that it gains more market attention as their time was over, they still rejected in the end.

[samcrypto]

If NFT world innovates and brings more and more stuff, it has technological capabilities that would be better than anything in the world. But in order for this to happen, we need to first find devs that will work on it and make it better, so far we have only seen ones that copy it and build different images and publish, that's not good at all.

In short, only the NFT with a real usage will have a better future because those images most of them have no utilities at all so it will be hard for an investor to make profit out of it and only those with a good hype rise. NFT is still new and good, they just need to improve a lot of things and introduce a new usage for the NFTs. I'm sure  some developer are already working with it, so let's just wait and see when they will release the update maybe they are just waiting for the perfect timing in the market.

[Quidat]

If NFT world innovates and brings more and more stuff, it has technological capabilities that would be better than anything in the world. But in order for this to happen, we need to first find devs that will work on it and make it better, so far we have only seen ones that copy it and build different images and publish, that's not good at all.

In short, only the NFT with a real usage will have a better future because those images most of them have no utilities at all so it will be hard for an investor to make profit out of it and only those with a good hype rise. NFT is still new and good, they just need to improve a lot of things and introduce a new usage for the NFTs. I'm sure  some developer are already working with it, so let's just wait and see when they will release the update maybe they are just waiting for the perfect timing in the market.

NFT is been mainly composed of those shitty gif images and some are hd ones but it doesnt really make any sense on why these arts or images do really cost up millions?It is really that
obvious that its been driven with some hype and able to get those high numbers which are never been realistic and now the bear market hits where most of them had declined their value
and to those who had bought and invested are totally making up some huge loss which i could say that this is a very common scenario if ever you do make yourself
get dragged off with some hype.

[Kgdktac]

The future of non-fungible tokens (NFTs) is uncertain and can be subject to speculation.

 it is possible that NFTs will continue to gain mainstream adoption and become more widely accepted as a form of digital ownership and art.

However, it is also possible that the current hype around NFTs may not be sustainable and the market may cool down.

[lixer]

We saw images being a thing for NFT world, how about we start seeing something else. There is now a great deal of effort going into publishing world working within the NFT sphere as well, basically e-books but in NFT format meaning you would be able to buy and own a book, you could find torrented version anywhere anyway, so this way if you bought the book, you would have the nft of it, and if you ever want to sell it, you could do that as well.

I believe that it would be something decent if people worked on it properly and that is just one thing. We will see the NFT world spread towards many more industries and not just images, that will be the future of it.

Some are plain image but those are only built in hopes of earning an easy money while the original/legit NFT is more than just a simple image. They also come with different perks. Publishing world on the other hand are I think dead. The interest on physical books have gotten lesser and lesser.

There are electronic versions of books or so called e-books but I think they have nothing to do with NFT. Both of them are just separated. Other than images in NFT. There are also musical NFT, Gif's, and videos but the best one among all would be the games. So far they are more successful because people enjoy them while being profitable at the same time.

[serjent05]

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

It's a trash when there's no art in NFT and only a mere image but it's different when real artists make it. There are a lot of trash images that become NFT since a lot of people want to take the advantage of the Hype and when the Hype slowly fades away it's like NFT is not worth to invest again but in reality, real art will always remain valuable.  

People make haste and just to jump to the trend they put anything to NFT making NFT industry looks garbage.  Games that rely on NFT purchases and promise NFT holders income is the worst one because they can be categorized into Ponzi Scheme that can later own turn to scam and defrauding their player by either rug pulling or running away the funds.  Besides most tokenomics of NFT games are unsustainable since the reward system that they copy is proven to collapse.

For me, NFT future isn't promising but I believe it can be useful if properly used.

[worle1bm]

At this time there are only few projects are able to mint out fully and that also with marketing while they also belong to the group of project which are cash grab only and whole NFT space is now witnessing huge downfall.So in my opinion if you find out some projects that can give fast returns to cash out do it but no long term holding projects are available.