Can NFTs last forever?

[Abiky]

All of the NFTs you know and love today, have their data stored their on centralized servers (images, video, etc). What is only stored on the Blockchain is just the properties of the NFT itself. While you're basically the "owner" of the NFT, you could lose technically lose it if the centralized server hosting the content of the NFT goes down.

So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.

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[fvb]

Firstly, I personally have never invested in NFTs. Because I consider it an unpromising business to buy, as I call them, ordinary pictures. I have a few and they got me as a reward for various types of work. All this, in my opinion, will soon go into oblivion and something new will appear, because technology does not stand still and develops, tomorrow there will be something else

[uneng]

Take a printscreen of the images and record the videos somehow, lol!

As we can see, these NFTs' categories don't even have a reason to exist... And I fear the ones which have a practical usage will always depend on a centralized platform where they can be used to exist. Like a NFT which is a virtual game's item. You need the game platform to use your item (which is a centralized one). But if someday that game is gone, your NFT will be gone as well, since you won't be able to use it anymore in other games.

Maybe if we were talking about a decentralized, open sourced game things could work slight better... But this concept still needs improvement from the industry.

[www.Gambler.Casino]

In general, I see all NFTs as a scam  I have never bought and probably will not buy NFT!

[MIner1448]

You are right that NFT content is usually stored on centralized servers, and if those servers go down, the content can be lost. However, thanks to blockchain technology, NFTs have a number of advantages over other forms of digital assets.
First, the blockchain is a decentralized and trusted technology that guarantees the safety of NFT properties such as ownership, authorship, and transaction history. This means that even if the centralized content server is lost, you can still prove your NFT ownership and sell it to other buyers.
Secondly, there are various projects and platforms that are working to solve the NFT content storage problem. Some of them use decentralized storage networks such as IPFS (InterPlanetary File System) or Arweave to store NFT content. These technologies make it possible to distribute copies of content across multiple nodes in a network, which ensures a higher level of content preservation.
Finally, many NFT creators also take care of the safety of their creations and provide access to original content or copies of it for NFT buyers.

[DeathAngel]

They can last for a very, very long time. Nobody can promise you that they’ll be worth anything other than dust in decades to come though. In my opinion they are just a passing phase, a bit of a fad. I don’t think they will return to highs we saw in the last bull run. That was mostly wash trading imo. So yeah, they can last for a long tike but will people be paying big money for monkey JPEGS in 2060? I am not so sure.

[abel1337]

All of the NFTs you know and love today, have their data stored their on centralized servers (images, video, etc). What is only stored on the Blockchain is just the properties of the NFT itself. While you're basically the "owner" of the NFT, you could lose technically lose it if the centralized server hosting the content of the NFT goes down.

So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.

It will still stay on your wallet I guess. I think that one way of losing it is just by losing your own wallet. Shutting down a domain doesn't mean you lose your NFT as it is inside your wallet and the website you are using are just a gateway in viewing you NFT. I'm no expert in NFT but I think NFT's are stored in blockchain since there are no same NFT hashes. If it's just a NFT that is stored in a website on a centralized account that can't be transferred on a non-custodial wallet, I don't think that it is considered as NFT, It will just be a regular artwork or jpeg/gif.

[danherbias07]

All of the NFTs you know and love today, have their data stored their on centralized servers (images, video, etc). What is only stored on the Blockchain is just the properties of the NFT itself. While you're basically the "owner" of the NFT, you could lose technically lose it if the centralized server hosting the content of the NFT goes down.

So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.

It will still stay on your wallet I guess. I think that one way of losing it is just by losing your own wallet. Shutting down a domain doesn't mean you lose your NFT as it is inside your wallet and the website you are using are just a gateway in viewing you NFT. I'm no expert in NFT but I think NFT's are stored in blockchain since there are no same NFT hashes. If it's just a NFT that is stored in a website on a centralized account that can't be transferred on a non-custodial wallet, I don't think that it is considered as NFT, It will just be a regular artwork or jpeg/gif.

You nailed it, bro.
This is not far from how we understand altcoins with soft or hard wallets. They can be stored in a safe place meaning you can keep them for a very long time.
But that's not actually the main worry upon storing an NFT. It's the decreasing value every day, month, or year that makes investors anxious if they really want to support the said platform. Personally, I don't buy NFT because I am not into arts but there are different usages for this project like in the gaming industry where it could shine the brightest
In most games before (MMO), you only have the log-in and password of your account, what if you can store the avatar itself to an NFT, keep it, and sell it whenever you like without jeopardizing the account itself meaning you can just pull out the avatar to be sold as an NFT but you can keep the account.

But no games last forever.
Nothing last forever.

[ultrloa]

All of the NFTs you know and love today, have their data stored their on centralized servers (images, video, etc). What is only stored on the Blockchain is just the properties of the NFT itself. While you're basically the "owner" of the NFT, you could lose technically lose it if the centralized server hosting the content of the NFT goes down.

So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.

Actually NFT is just the same with other category where it gain popularity and over the time it fades out. We can see the effects now where NFT is losing popularity and many people is starting to avoid to buy some art piece or even those NFT games assets since the value of almost all of them drop so bad. Provably in next following months investors will not buy any NFT as many might think the new one came out are just scams.

[blockman]

If we've got some old videos that are stored on the internet like the first ever video on YouTube, then these NFTs can also stay longer as long as it's on the blockchain and the platform used for keeping them won't be gone.
But the thing here is that the demand will be lower in the upcoming years having new trends that shall be followed by many.
The interest that has gotten with the NFTs will also lie low and that's why I've got no more enthusiasm with them as I've just born losses with it and those that have made a lot of profit from there, they did a good job for taking advantage of the situation and selling at the right time.

[o48o]

All of the NFTs you know and love today, have their data stored their on centralized servers (images, video, etc). What is only stored on the Blockchain is just the properties of the NFT itself. While you're basically the "owner" of the NFT, you could lose technically lose it if the centralized server hosting the content of the NFT goes down.

So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.

You have understood correctly but when you are starting from the point that they should last forever, you have to adjust your expectations. Storing content in blockchain itself would be highly impractical, that's why people are buying data that can point to url etc. IPFS is pretty good solution to store the data.

Nothing lasts forever, especially not altcoins or tokens, nfts are no different from this. People are buying skins to games, those are only going to be valuable as long the game has players. Same goes with nfts, there is always a centralized element in crypto when you think about it, and that's the community. At any point they can just leave. That is true with every crypto currency out there. That point it doesn't matter where your picture or what ever is stored in.

There never has been any guarantees in this space. But if you pick a right community and right nfts you can be pretty sure that they last more than most altcoins.

[bittick]

one could always backup their NFT locally, i don't see any reason why they don't if the NFT worth some money but I generally always consider NFT not as investing, it doesn't even have that much liquidity for investing.

[Psynthax]

I think that's the disadvantage with NFT, I agree it's pointless investing in NFT like you said, moreover there are too many duplication being done by scammer to the point that I think investing in nft complete waste of money.
i wonder why some nft could be worth so much, maybe because fomo but the prospective isn't there, it's just some worthless piece of investment.

[axxo]

All of the NFTs you know and love today, have their data stored their on centralized servers (images, video, etc). What is only stored on the Blockchain is just the properties of the NFT itself. While you're basically the "owner" of the NFT, you could lose technically lose it if the centralized server hosting the content of the NFT goes down.

So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.

You have a good point. Currently most of NFT's have their content stored on centralized servers, which can be vulnerable to failure or shutdown. I think there are some solutions in the works to address it. The use of decentralized storage network which aim to provide more secure and decentralized way to store content. Another one is to use the block chain based content delivery network which aims to provide more efficient and decentralized way to stream video content. 

[Abiky]

You have understood correctly but when you are starting from the point that they should last forever, you have to adjust your expectations. Storing content in blockchain itself would be highly impractical, that's why people are buying data that can point to url etc. IPFS is pretty good solution to store the data.

Nothing lasts forever, especially not altcoins or tokens, nfts are no different from this. People are buying skins to games, those are only going to be valuable as long the game has players. Same goes with nfts, there is always a centralized element in crypto when you think about it, and that's the community. At any point they can just leave. That is true with every crypto currency out there. That point it doesn't matter where your picture or what ever is stored in.

There never has been any guarantees in this space. But if you pick a right community and right nfts you can be pretty sure that they last more than most altcoins.

IPFS, Sia, and Storj would be the only solutions to help preserve the content of NFTs "forever". Most developers/NFT creators are often focused on making money with NFTs, so this would be the least priority for them. I see NFTs as something temporary that are only meant to "test" the Blockchain's capabilities. The next big thing would be Soulbound Tokens (SBT) which are merits, karma, and certifications/diplomas earned by a person stored completely on the Blockchain. Another trend that will take off would be the digitalization of real world assets. Everything from Gold to Diamonds and Real Estate would be "tokenized" on the Blockchain.

These will eventually replace NFTs as the next big thing in crypto. But if their content will be stored on centralized servers too, then we'll be getting nowhere. The future is widely unpredictable, so we can only hope for the best. Just my thoughts

[bitkanu]

most aren't even concerned with these things, what most know is that some nft is just a mean to earn some money. heck even there are many nft that was only used for airdrops claiming and then get done with it like it doesn't exist. so I think in this regard, many are just don't care.

[Yatsan]

All of the NFTs you know and love today, have their data stored their on centralized servers (images, video, etc). What is only stored on the Blockchain is just the properties of the NFT itself. While you're basically the "owner" of the NFT, you could lose technically lose it if the centralized server hosting the content of the NFT goes down.

So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.

NFTs would exist as long as the investor keeps it on his wallet address. As far as I remember, once an NFT is sold, the owner will no longer have the possession over it. However, if it is its value which is being discussed to last forever, it is more likely not to happen. First thing is that, the market price of an NFT is determined by demand and supply as well. These factors are highly being affected which could trigger sudden changes withthe market prices. But if it is just total appearance to one's wallet, as long as the platform is there, the artwork would be able there.

If it is investing to NFTs, that would depend on your preference . If you are after easy money then think of all the possibilities. Not all NFTs are working fine as it supposed to. So think of whether it is something worthy of risking your money with?

[JeffBrad12]

All of the NFTs you know and love today, have their data stored their on centralized servers (images, video, etc). What is only stored on the Blockchain is just the properties of the NFT itself. While you're basically the "owner" of the NFT, you could lose technically lose it if the centralized server hosting the content of the NFT goes down.

So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.

NFTs would exist as long as the investor keeps it on his wallet address. As far as I remember, once an NFT is sold, the owner will no longer have the possession over it. However, if it is its value which is being discussed to last forever, it is more likely not to happen. First thing is that, the market price of an NFT is determined by demand and supply as well. These factors are highly being affected which could trigger sudden changes withthe market prices. But if it is just total appearance to one's wallet, as long as the platform is there, the artwork would be able there.

If it is investing to NFTs, that would depend on your preference . If you are after easy money then think of all the possibilities. Not all NFTs are working fine as it supposed to. So think of whether it is something worthy of risking your money with?

I think thats not exactly the point here, if it's in regard of value, there are most certainly so many factors out there influencing it but the thing is, whether the NFT content could be retained forever, it's most likely no, why such NFT content be retained without the fee charged, I think each NFT owner should have the responsibility of taking care their own NFT for long term but then again I don't even think the trend of NFT could even outlives the content of the NFT itself as most of them are quite short living, eventually NFT trend will fades, it's just matter of time, even majority of NFT that was popular already forgotten, i'm sure NFT owner don't even know they formerly have some of their NFT, right now NFT doesn't seem like real investment it's just basically a game. nothing more.

[poodle63]

NFT will be last forever but the hype for the NFT gonna be last for shortterm. As you can see that how many NFT being created in the past during the hype of opensea and these NFT's value have been dropping so hard till now.

NFT will always exist caused by it used token as identification but it will have no value anymore as the hype will be gone.

[GreatArkansas]

(...)
So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.

If we want to talk about the trend, maybe the trend will always change like what's the current hype now, we saw before the peak of NFT which always have its peak and low, that's how the trend works.
But if we want to talk about NFT itself that they are intended for permanent, immutable blockchain storage. As long as blockchain lives, NFT will be there also.
The lifespan of an NFT can be affected by a number of variables, including the durability of the blockchain, how the NFT is stored and maintained, and the state of the digital asset it stands for.

[Yogee]

All of the NFTs you know and love today, have their data stored their on centralized servers (images, video, etc). What is only stored on the Blockchain is just the properties of the NFT itself.

There are projects that still stores data for their NFTs on-chain or at least that's what they claim. Autoglpyhs is one of them if you plan on checking https://www.larvalabs.com/autoglyphs

Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of?

Decentralized hosting and storage is probably the best solution at the moment as others have already mentioned IPFS and Arweave.
That could be an inconvenience but the buyer has to make effort to secure his digital property if he really treats it as a valuable investment.

[TravelMug]

All of the NFTs you know and love today, have their data stored their on centralized servers (images, video, etc). What is only stored on the Blockchain is just the properties of the NFT itself. While you're basically the "owner" of the NFT, you could lose technically lose it if the centralized server hosting the content of the NFT goes down.

So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.

Obviously it is some fad that we have seen before, or the hype, ICO->IEO-> etc, I think everyone got the point.

And so when someone was also to create NFT and then investors (if you can call them that way), suddenly jump into it, then it become the buzz of the altcoin market and now it even spill to bitcoin network now with this ordinals and brc-20 token that is clogging the network.

So there is no point of investing in NFT and for me, sooner or later it will be replaced by something new again and the cycle continues for this market.

[Wexnident]

All of the NFTs you know and love today, have their data stored their on centralized servers (images, video, etc). What is only stored on the Blockchain is just the properties of the NFT itself. While you're basically the "owner" of the NFT, you could lose technically lose it if the centralized server hosting the content of the NFT goes down.

So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.

Funny how in that case it's kind of safer just to save images that you commissioned in your pc instead. Either way I'd say they're still kind of worth-ish, especially if you plan to resell them just as quick. Storage servers wouldn't just die like that all of a sudden, so I reckon said services would probably give some leeway and be able to transfer it to an existing one.

On the assumption that said leeway never happens, I'd still say it's worth it since comparatively speaking, there's much more in terms of risk in handling an artwork physically compared to nfts. On digital, I'd say it depends on how you handle data yourself. This is if it's just in terms of storage, since afaik nfts (or at least the og idea) had some form of returns to the og artists whenever said nft was resold.

[Luffygroove]

Hmm, you make a good point about NFTs and how they might not last forever if they're stored on centralized servers. Yeah, so like, NFTs are stored on the blockchain and stuff, but the actual pics and vids are usually on regular servers. That could be a problem if those servers crash or the content disappears.

But I think, the NFT scene is changing and folks are working on fixing that problem. So, there's this cool thing called IPFS (InterPlanetary File System) that lets you store and share NFT content in a decentralized way. When you use decentralized storage, your stuff is way tougher and less likely to get messed up by one thing going wrong. Also, some projects (like for example Arweave, Filecoin, Storj and Sia) are checking out on-chain storage options where the whole thing is stored right on the blockchain. So basically, this way the content stays put and can't be changed in the decentralized network. Let's see what further development that they can bring in the future.

[podluznyj]

All of the NFTs you know and love today, have their data stored their on centralized servers (images, video, etc). What is only stored on the Blockchain is just the properties of the NFT itself. While you're basically the "owner" of the NFT, you could lose technically lose it if the centralized server hosting the content of the NFT goes down.

So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.

I think that today it is worth investing in NFT, since this is a very promising income at this stage in the crypto industry, then there is a risk of losing NFT when servers crash, of course, and not without it, since in any investment there is a point of no return and loss of funds invested by you , so that each person should think for himself what he is going for

[Kelvinid]

So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.

Well, I don't know what makes people think that NFT is valuable because not even see it as worth buying. NFT projects have no future, hope I was wrong but as I see it, they got a name because of some influencers, not because of their market potential.
Though I take advantage of the situation during the hypes but never I think I have to hold them as I sell them while it was still tradable because now, nobody is about to buy them - they are just as sort of collections.

[gurunanakji777]

The lifespan of NFTs relies on multiple aspects, such as how famous the material they depict is, how much people want it, and the accessibility of the blockchain technology that supports it. Similar to other investments, NFTs come with risks, and it's important to carefully research and be careful when investing in them. Moreover, the value of NFTs may vary with market fluctuations, making it challenging to ensure their long-term worth or lastingness and we all know technology changes from time to time so we have to keep this also in mind.

[nutildah]

IPFS, Sia, and Storj would be the only solutions to help preserve the content of NFTs "forever".

In addition to Arweave, which is my go-to blockchain storage solution, it appears as if you've missed out on the whole "ordinals" thing which started on Bitcoin and has also moved to Litecoin. Image (or other) data can be uploaded into the witness space of a transaction (known as an "inscription") and assigned to an individual satoshi (known as an "ordinal"). The ordinals can then be transferred around from wallet to wallet, granted you know how to practice coin control.

Some Ethereum NFT image data is indeed stored on that chain, I don't know a whole lot about it.

Additionally you have the Stamps protocol which is much more limited in size but allow for image uploading to Bitcoin and Dogecoin.

On-chain data seems like it would solve the problems caused by a centralized hosting service but its still a sticky wicket. Lots of things to consider still about their permanence.

[o48o]

IPFS, Sia, and Storj would be the only solutions to help preserve the content of NFTs "forever". Most developers/NFT creators are often focused on making money with NFTs, so this would be the least priority for them. I see NFTs as something temporary that are only meant to "test" the Blockchain's capabilities.

Yeah, it's interesting to see if those are going anywhere. I don't think that people are buying the idea of forever when they are buying nft:s, i think that they are buying an experience and feeling of owning. And naturally an ability to sell it forward.

The next big thing would be Soulbound Tokens (SBT) which are merits, karma, and certifications/diplomas earned by a person stored completely on the Blockchain. Another trend that will take off would be the digitalization of real world assets. Everything from Gold to Diamonds and Real Estate would be "tokenized" on the Blockchain.
These will eventually replace NFTs as the next big thing in crypto. But if their content will be stored on centralized servers too, then we'll be getting nowhere. The future is widely unpredictable, so we can only hope for the best. Just my thoughts

Yep, but tokenizing gold and securities so that they would be real and not just just synthetic assets requires ton of new innovations that don't have a working blockchain yet. Like layer 1 ZK smart contracts with build in kyc and reversable transactions on tokens by issuer for starters. Because AML laws requires that you can't issue real stocks without ability to reverse the transactions, and big players need total confidentiality to prevent front running that's happening eth all the time. I don't even know all the requirements.

Decentralization and automation could save incredebly amount of money but even when such a system is ready, there will more issues, like is the native token (or "coin") that's an incentive to keep the network secure going to stay legal. And if not, how can the network be decentralized and secure enough for the multi billion dollar industry?

But i remain confident that this kind of system, tgat's needed to work with regulations, will happen and is only matter of time. And future of cryptocurrencies is going to be somekind of hybrid of centralization and decentralization.

[raidarksword]

NFT will have it's timeframe in the space but we don't know when it is. The hype is still there but the trend will not always be there and that's how crypto market works and cycle of the market as a a whole. There are always be a new trend like the MEME trend we are experiencing right now but MEME seasons will also end that's why hype is always temporary.

[yazher]

They can last for a very, very long time. Nobody can promise you that they’ll be worth anything other than dust in decades to come though. In my opinion they are just a passing phase, a bit of a fad. I don’t think they will return to highs we saw in the last bull run. That was mostly wash trading imo. So yeah, they can last for a long tike but will people be paying big money for monkey JPEGS in 2060? I am not so sure.

We have seen the emergence of AI technologies nowadays and quickly becoming the hype right now, that's too long to calculate probably it will gonna be a ton of new things will appear and no one will be interested anymore in the images of monkeys with hats and they might gonna sold for almost nothing when that happens because as we can see right now, it's just merely a picture or a short video. nothing else right there and you cannot monopolize it because you can easily counterfeit it with free software on the internet which can give you your own copy.

[Questat]

They can last for a very, very long time. Nobody can promise you that they’ll be worth anything other than dust in decades to come though. In my opinion they are just a passing phase, a bit of a fad. I don’t think they will return to highs we saw in the last bull run. That was mostly wash trading imo. So yeah, they can last for a long tike but will people be paying big money for monkey JPEGS in 2060? I am not so sure.

We have seen the emergence of AI technologies nowadays and quickly becoming the hype right now, that's too long to calculate probably it will gonna be a ton of new things will appear and no one will be interested anymore in the images of monkeys with hats and they might gonna sold for almost nothing when that happens because as we can see right now, it's just merely a picture or a short video. nothing else right there and you cannot monopolize it because you can easily counterfeit it with free software on the internet which can give you your own copy.

NFT projects are easily forgotten. After the hyped, there gone and nobody went to the market and buy them. After all, those who invest in this project last year will never gain any cents but just a souvenir from the hype that actually gain the attention of the community. In the coming years, no projects will come out and make another name in the market making previous projects will no longer recognized. In fact, we can make those things easily on the internet and make a copy of it but still wondering why during the hyped time some people got crazy about this.

[abel1337]

They can last for a very, very long time. Nobody can promise you that they’ll be worth anything other than dust in decades to come though. In my opinion they are just a passing phase, a bit of a fad. I don’t think they will return to highs we saw in the last bull run. That was mostly wash trading imo. So yeah, they can last for a long tike but will people be paying big money for monkey JPEGS in 2060? I am not so sure.

We have seen the emergence of AI technologies nowadays and quickly becoming the hype right now, that's too long to calculate probably it will gonna be a ton of new things will appear and no one will be interested anymore in the images of monkeys with hats and they might gonna sold for almost nothing when that happens because as we can see right now, it's just merely a picture or a short video. nothing else right there and you cannot monopolize it because you can easily counterfeit it with free software on the internet which can give you your own copy.

Yep trend changes and NFT arts is somehow left behind with the current trend. The explanation you did about NFT just being a picture or a short video that will make people bored and let go of it with nearly zero value is I think wrong. You can treat it as a piece of art that everyone wants like a monaliza painting. Time will tell on how much people will value these NFT's especially those who is collectables such as apes and punks. Though I don't think it will fall to nearly zero as people find it to have a value even on the next generation of crypto.

[fzkto]

So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.

Well, I don't know what makes people think that NFT is valuable because not even see it as worth buying. NFT projects have no future, hope I was wrong but as I see it, they got a name because of some influencers, not because of their market potential.
Though I take advantage of the situation during the hypes but never I think I have to hold them as I sell them while it was still tradable because now, nobody is about to buy them - they are just as sort of collections.

NFT is just hype. All these picture collections won't be worth anything over time. There are already plenty of stories of people spending hundreds of thousands of dollars a few years ago and now having no more than a hundred dollars. So NFT is just speculation. The same story is happening now with meme coins. Someone will just lose money. But it will be something to remember.

[o48o]

NFT is just hype. All these picture collections won't be worth anything over time. There are already plenty of stories of people spending hundreds of thousands of dollars a few years ago and now having no more than a hundred dollars. So NFT is just speculation. The same story is happening now with meme coins. Someone will just lose money. But it will be something to remember.

There are countless of stories people buying altcoins and losing money, so are those also worth nothing over time? Everything in this space is speculation so that's not really an argument against nfts, it's an argument against all cryptocurrencies. It has been speculation from the start. No matter the marketcap or the meme lines people draw over the charts as TA. Everything can come down and burn. Just look at the top marketcap coins history

[MIner1448]

You are correct that NFT-related content is usually stored on centralized servers, which can result in data loss if the hosting service fails or closes. However, there are several approaches that can help keep NFTs forever.
The first approach is to store content directly on the blockchain. This solution has its advantages and disadvantages. On the one hand, storing content in the blockchain guarantees its safety forever, since the blockchain does not have a single point of failure and the content is stored in a distributed network of nodes. However, this can lead to scaling issues and require significant resources to store large amounts of data.
The second approach is the use of decentralized data stores such as IPFS (InterPlanetary File System). IPFS allows content to be distributed across a network of nodes and ensures data integrity through an integrity check mechanism. This solution is also not ideal, as it depends on users continuing to store IPFS files for a long time.

[Furious 7]

So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. thank you

It's difficult when talking about NFTs because basically it just goes back to the collection and nothing more.
They're just hype that can't be done with anything anymore and when their hype ends it's clear things like that are useless unless you really are happy with the collection you have because in the end it's just an image that is seen

Current conditions I even doubt they will have the same hype in the future because as we all know about a hype system like this in the end this is just like any other hype hype that will be left behind when they have finished making a profit.

[FanEagle]

Not really the issue with NFT's. I mean if you are buying an ape image for thousands of dollars, I am sure that the centralized part of the image itself is not the thing you should be really worried about. Even one sale of that is enough to cover the server costs beyond your life span, it shouldn't really be a problem and you could even do backup plans as well, these companies made so much money from people buying silly NFT's that I can't believe this would even ever be a priority for them.

The real trouble is that NFT as a logic is great but how it is used is beyond bonkers, nobody should use it the way it is used right now and we should try to avoid something like this and not invest into any NFT just because it looked cute or cool or whatever, it needs to have a utility.

[Abiky]

In addition to Arweave, which is my go-to blockchain storage solution, it appears as if you've missed out on the whole "ordinals" thing which started on Bitcoin and has also moved to Litecoin. Image (or other) data can be uploaded into the witness space of a transaction (known as an "inscription") and assigned to an individual satoshi (known as an "ordinal"). The ordinals can then be transferred around from wallet to wallet, granted you know how to practice coin control.

Some Ethereum NFT image data is indeed stored on that chain, I don't know a whole lot about it.

Additionally you have the Stamps protocol which is much more limited in size but allow for image uploading to Bitcoin and Dogecoin.

On-chain data seems like it would solve the problems caused by a centralized hosting service but its still a sticky wicket. Lots of things to consider still about their permanence.

Indeed. Ordinals NFTs are completely stored on the BTC blockchain for long-term data preservation. But the biggest downside is that it causes network fees to rise like crazy. Developers should always aim for off-chain scaling solutions or even sidechains if they're really serious about making NFTs last forever without bloating the Blockchain. I see NFTs as a passing trend meant to test the Blockchain's capabilities to its fullest.

What will actually become useful are tokenized assets and Soulbound Tokens (SBT). Just wait until the next bull market for these new trends to take over the crypto world by storm. The NFT hype is slowly fading away, so it should only be a matter of time before they become history. Just my thoughts

[timoshani]

All of the NFTs you know and love today, have their data stored their on centralized servers (images, video, etc). What is only stored on the Blockchain is just the properties of the NFT itself. While you're basically the "owner" of the NFT, you could lose technically lose it if the centralized server hosting the content of the NFT goes down.

So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.

The storage algorithm may be revised. After all, the NFT code is unique and it is assigned to each unique token. For me, of course, such information causes some shock. What about the differences between erc1155 and erc715?

[AakZaki]

A good feature for the gambler not to become an addict. But is this feature applied to several popular gambling platforms. Gambling platforms want a lot of profit from everyone, if they use the anti-addiction feature, they will earn a little.
But despite all that, each gambling platform has their own rules and there will be a warning that gambling will carry high risks.

[goldkingcoiner]

All of the NFTs you know and love today, have their data stored their on centralized servers (images, video, etc). What is only stored on the Blockchain is just the properties of the NFT itself. While you're basically the "owner" of the NFT, you could lose technically lose it if the centralized server hosting the content of the NFT goes down.

So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.

NFT's would only make sense if the law, specifically the copyright laws included NFT's to be seen as legitimate ownership contracts. But no law in the world is enforcing or admitting the rights of NFT-owners to be owners of the actual artwork behind the NFT. So there is absolutely no point in owning an NFT other than to flaunt the fact that you threw your money away for something which has no value and only an inherent rarity as the standard of speculational value.

For some reason there exist just enough idiots in the world to still buy NFTs. Which may raise the question of if they will last forever. I hope not but maybe yes.

[freedomgo]

All of the NFTs you know and love today, have their data stored their on centralized servers (images, video, etc). What is only stored on the Blockchain is just the properties of the NFT itself. While you're basically the "owner" of the NFT, you could lose technically lose it if the centralized server hosting the content of the NFT goes down.

So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.

NFT's are good and I personally look at it as an investment good for short term holding only until you will meet that buyer who will spend a huge amount just to acquire it but knowing that factor alone, it will be hefty investment and responsibility that has a lot of risks because some investors are wise enough to only invest in projects that has more chances than risks even if their money are overflowing already. Hence why I did not buy any of those NFT's.

[teosanru]

All of the NFTs you know and love today, have their data stored their on centralized servers (images, video, etc). What is only stored on the Blockchain is just the properties of the NFT itself. While you're basically the "owner" of the NFT, you could lose technically lose it if the centralized server hosting the content of the NFT goes down.

So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.

Makes sense but the idea behind NFT wasn't to store the art itself on blockchain it was to determine it's ownership only. I mean NFT isn't the locker where you keep your art, instead it's the certificate which certifies that it's your art. But yes as far as I know there are a few new NFTs which are attached to a decentralised server, which means owning that NFT also gives you access to a specific space in the decentralised server where you can eventually store it as well.

[Quidat]

All of the NFTs you know and love today, have their data stored their on centralized servers (images, video, etc). What is only stored on the Blockchain is just the properties of the NFT itself. While you're basically the "owner" of the NFT, you could lose technically lose it if the centralized server hosting the content of the NFT goes down.

So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.

Makes sense but the idea behind NFT wasn't to store the art itself on blockchain it was to determine it's ownership only. I mean NFT isn't the locker where you keep your art, instead it's the certificate which certifies that it's your art. But yes as far as I know there are a few new NFTs which are attached to a decentralised server, which means owning that NFT also gives you access to a specific space in the decentralised server where you can eventually store it as well.

Take for example on some Play to Earn games on which you would be needing to purchase up such NFT for you to be able to have some access or having that a pass or something like that
which it do still ends up that you are really that still investing on a particular game or ever as long it does really involved some purchases or like what. Speaking about NFT could last forever
then we know that there's no such thing about having assurances about things because it would be always falls down into the demand and recognition of the community.
Somewhat NFT is really still that significant in todays but not as really as much compared into those previous years where it is really that the current hype or trend but now
we are really that moving into another which leaves out to those people who do purchased out those expensive NFT's ending up on losing big time in speaking about their value
which does prove out that its never been worth on holding on.

[JayTrain]

You bring up a valid concern about the longevity of NFTs, and it's something that the industry is currently working to address. While there may not be a perfect solution yet, I believe that as technology continues to advance, we will see more secure and decentralized options for storing NFT content.

[Teraboy]

that's why I think that the usage of NFT for arts, and many more aren't just good enough, NFT better be taken advantage of for other things, like maybe giving unique identifier for some certain products like sneaker and shoes and many more. it's just better be used that way.

[OgNasty]

There are some public storage options for NFT creators but you’re right that they aren’t stored on the blockchain, only the link to the image is stored. So when you buy an NFT, you aren’t buying an image, you are buying a token with a url. People can even release tokens with the same url, effectively creating a duplicate of the NFT. Make sure you know what you’re buying and that it comes from the original creator.

[cryptoknightt]

To be honest, I'm not interested in the name NFT because I think NFT is just a picture that doesn't matter and what you need to know is maybe NFT is only there because of the season. I can't guarantee that in the coming season NFT will be like it is today.
Everything is certain that someone has managed it centrally, just waiting for the game date. this is my perception

[Rampagoe004]

To me NFTs are the shit that has littered the blockchain network. I mean what is the essential thing that we have got from NFTs? Apart from the bits and pieces of images, we also don't know what their function is. There may be some good NFTs like Apes but behind that there are thousands if not hundreds of thousands of NFTs that have become trash on blockchain networks like Ethereum and Polygon.

[Magic-Money]

NFTs of a thing, I'm not interested to invest on them, because I see it as an ordinary images, which keep increasing day by day in difference platform, and can't be sold out immediately as normal sell alt-coins in cryptocurrency trading, rather than place pending order to sell, which takes a long time before it gets sold out.

[ololajulo]

NFT will be last forever but the hype for the NFT gonna be last for shortterm. As you can see that how many NFT being created in the past during the hype of opensea and these NFT's value have been dropping so hard till now.

NFT will always exist caused by it used token as identification but it will have no value anymore as the hype will be gone.

NFTs have not provided any compelling reason for me to revisit them, as I view them as a failed idea. However, if the claims that they are being used for money laundering are true, then the use of NFTs for this purpose is evidently effective, as it allows for the seamless transfer of funds.

[Andrija Branislav]

Indeed. Ordinals NFTs are completely stored on the BTC blockchain for long-term data preservation. But the biggest downside is that it causes network fees to rise like crazy. Developers should always aim for off-chain scaling solutions or even sidechains if they're really serious about making NFTs last forever without bloating the Blockchain. I see NFTs as a passing trend meant to test the Blockchain's capabilities to its fullest.

What will actually become useful are tokenized assets and Soulbound Tokens (SBT). Just wait until the next bull market for these new trends to take over the crypto world by storm. The NFT hype is slowly fading away, so it should only be a matter of time before they become history. Just my thoughts

True as you say NFTs are causing quite a stir in the crypto world but why not just aim for an off-chain scaling solution? It's like taking the stairs instead of the elevator - one gets there eventually, but with a bit of a huff. I think the NFT hype is fading, think of it like a haircut, it may take a while to fully grow out. But who knows what will happen in the future?

[darewaller]

All of the NFTs you know and love today, have their data stored their on centralized servers (images, video, etc). What is only stored on the Blockchain is just the properties of the NFT itself. While you're basically the "owner" of the NFT, you could lose technically lose it if the centralized server hosting the content of the NFT goes down.

So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.

NFT's are good and I personally look at it as an investment good for short term holding only until you will meet that buyer who will spend a huge amount just to acquire it but knowing that factor alone, it will be hefty investment and responsibility that has a lot of risks because some investors are wise enough to only invest in projects that has more chances than risks even if their money are overflowing already. Hence why I did not buy any of those NFT's.

Good for you but for the majority, they always hate these nft's as they think it was just another way to grab the people's money. Not only that but nft's are also said to be a vehicle for the criminals to launder money. Nft's are in different types but the most common one is art. Art can also be an investment.

You can buy, hold them, and sell them later for a much higher value. They work great for long term but you must investigate properly if the nft is genuine before you buy them. Of course wealthy people are wise enough and won't just invest carelessly only because they are rich already and this might be the reason on why they became wealthy.

[vv181]

IPFS, Sia, and Storj would be the only solutions to help preserve the content of NFTs "forever". Most developers/NFT creators are often focused on making money with NFTs, so this would be the least priority for them. I see NFTs as something temporary that are only meant to "test" the Blockchain's capabilities.

And it simply does not sell.

Making a robust system that truly preserves the media or content instead of pointing it out somewhere else is trivial for them. There is no money to extract by adding up those features and maybe people might just don't care about it. Or did not even comprehend such things concerning issues that are worth to be solved on.

In regard to blockchain capability, well I believe there are many. The problem is to find a solution that is worth solving by using blockchain.

[Abiky]

NFT's would only make sense if the law, specifically the copyright laws included NFT's to be seen as legitimate ownership contracts. But no law in the world is enforcing or admitting the rights of NFT-owners to be owners of the actual artwork behind the NFT. So there is absolutely no point in owning an NFT other than to flaunt the fact that you threw your money away for something which has no value and only an inherent rarity as the standard of speculational value.

For some reason there exist just enough idiots in the world to still buy NFTs. Which may raise the question of if they will last forever. I hope not but maybe yes.

I'm talking about NFT content (data) being preserved for generations by using a decentralized storage solution. Not the trend itself. NFT creators are only focused on making money, instead of what truly matters most. The vast majority of NFTs have their data stored on centralized servers. If the server goes down, you will lose everything in an instant. What will appear on the Blockchain is just proof that you own the NFT. But that's it.

People are wasting their time and money in things that won't last forever. Unless NFT creators host the content on decentralized storage solutions such as IPFS, Sia, or Storj, don't expect NFTs to be taken seriously anytime soon. Who knows what the future holds for this nascent industry? Just my opinion

[Ziskinberg]

People are wasting their time and money in things that won't last forever. Unless NFT creators host the content on decentralized storage solutions such as IPFS, Sia, or Storj, don't expect NFTs to be taken seriously anytime soon. Who knows what the future holds for this nascent industry? Just my opinion

This is it. Some NFT investors have been driven by the trend and uprising momentum of this project last year and they are buying without thinking the risk awaits them. If the servers had collapsed, these investors got nothing. Because if we have to think it deeply, these projects couldn't give us what we really want upon investing (profit) and sadly, investors missed seeing it.

It is too hard to assume but can't give confidence that these NFT projects will still exist years from now.

[fzkto]

NFT is just hype. All these picture collections won't be worth anything over time. There are already plenty of stories of people spending hundreds of thousands of dollars a few years ago and now having no more than a hundred dollars. So NFT is just speculation. The same story is happening now with meme coins. Someone will just lose money. But it will be something to remember.

There are countless of stories people buying altcoins and losing money, so are those also worth nothing over time? Everything in this space is speculation so that's not really an argument against nfts, it's an argument against all cryptocurrencies. It has been speculation from the start. No matter the marketcap or the meme lines people draw over the charts as TA. Everything can come down and burn. Just look at the top marketcap coins history

That's right, altcoins are also rubbish that lose value after a while. So far I don't know of any coin other than ETH that grows all the time like bitcoin. But NFT is an even riskier casino where you will almost certainly lose money. So my point is that it can't exist forever, unless it's on your wallet like a picture.

[terencio]

I think NFTs are a fascinating innovation that can revolutionize the way we create and own digital assets. However, I also have some concerns about their longevity and sustainability.

These are some of the challenges that I think need to be solved before NFTs can become mainstream. Tax and illegal or unethical purposes

[Woodie]

The crypto markets always have something that will trend, and in this case NFTs are the talk of the day at the moment ,  but with time something else will come to replace these and people will move along with whats trending in the future because they will move were the money is.

[JahriMeayer]

Buying NFTs won't be worthy for long. I even found no point to buy NFTs with large amount of money. It just able to create hype because of new trend but demand will be decreased dramatically when hype will over. I still don't understand the concept of buying useless NFTs with millions. Proving ownership is good idea but not satisfactory reason for NFTs could last long. Who already bought NFTs, i doubt they could ever recover their money

[disconnectme]

NFT is here to stay, I would argue that we have not even scratched its surface, this digital age is going to bring about a lot of changes and we have seen it with art and in-game merchandise, what we called NFTs today would be primitive as compared to what we are going to have in 5 years time, a lot of money has been thrown into this sector and I expect a better result in coming NFT waves. Just look at Pepe, I saw this in 2017 now is making a comeback, the issue I have with NFTs is that it is illiquid if liquidity increases then we are set for another big run

[o48o]

To me NFTs are the shit that has littered the blockchain network. I mean what is the essential thing that we have got from NFTs? Apart from the bits and pieces of images, we also don't know what their function is. There may be some good NFTs like Apes but behind that there are thousands if not hundreds of thousands of NFTs that have become trash on blockchain networks like Ethereum and Polygon.

Are you saying that using the network for something is "littering" it? I am astonished that people see that as littering. Like hundreds of thousands of fungible tokens and bots buying and selling them wouldn't be littering.

Thing is, if a blockchain can be "littered" by something, then maybe the problem is in the blockchain and not people using it. The whole point of it is that ANYONE can use it. If they didn't do the math on people actually using it and flooding it, then the problem is in the platform design itself. Not on the people "using it wrong"

And we totally see what function nfts have and is and it's a multi billion dollar market so i am not sure what you are trying to say.

[Mehedi72]

After start NFT hype, still people creating bullshit art and selling at largest web3 marketplace known as OpenSea. I wonder some people also brought such useless NFT but I think That isn’t the real side of NFT.... I think NFT need for future and It'll stay for identify the real Owners from duplicate copy made by scammers. System might be updated by using IPFS, Sia or other method.  so nothing will be vanished instant

[poodle63]

After start NFT hype, still people creating bullshit art and selling at largest web3 marketplace known as OpenSea. I wonder some people also brought such useless NFT but I think That isn’t the real side of NFT.... I think NFT need for future and It'll stay for identify the real Owners from duplicate copy made by scammers. System might be updated by using IPFS, Sia or other method.  so nothing will be vanished instant

People thought that if that NFT gonna giving huge money for them. There have been many people who were putting their believe into the what they have bought in opensea. NFT can last forever but it doesn't mean if any NFT will always still remain active.
Many NFts will be dead with the goes of time due to the no interest from people to buy it. IPFS has become a common thing for NFT

[Crypto-Ivan]

The permanence of an NFT may depend on the existence and stability of the blockchain network it relies on. If NFT is built on a stable, secure and permanent blockchain network, it will last longer.

[KingsDen]

It all depends your definition of forever.
If forever really means in the next 50yrs, NFT can last forever because it is a digital idea.
Even if all of it is not hosted on the blockchain, all the hosts will not end one day. So there will be continuity.
But if your definition of forever really means till eternity. I'm sorry to say; Nothing lasts forever

[Xal0lex]

All of the NFTs you know and love today, have their data stored their on centralized servers (images, video, etc). What is only stored on the Blockchain is just the properties of the NFT itself. While you're basically the "owner" of the NFT, you could lose technically lose it if the centralized server hosting the content of the NFT goes down.

So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.

Ha ha. Good point, proving once again the absolute impracticality and ineffectiveness of buying NFTs as some form of digital art, and with an exorbitantly high price tag. Investing in NFT is suitable only for speculation, but not for collecting or anything else. Art is eternal, but these chitcoins are fleeting. As the recent situation has shown, NFTs can only effectively destroy entire ecosystems, and they will never be attractive for investment.

[TimeTeller]

All of the NFTs you know and love today, have their data stored their on centralized servers (images, video, etc). What is only stored on the Blockchain is just the properties of the NFT itself. While you're basically the "owner" of the NFT, you could lose technically lose it if the centralized server hosting the content of the NFT goes down.

So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.

Ha ha. Good point, proving once again the absolute impracticality and ineffectiveness of buying NFTs as some form of digital art, and with an exorbitantly high price tag. Investing in NFT is suitable only for speculation, but not for collecting or anything else. Art is eternal, but these chitcoins are fleeting. As the recent situation has shown, NFTs can only effectively destroy entire ecosystems, and they will never be attractive for investment.

Physical art is eternal but when it comes to NFT as Abiky stated, they are stored somewhere, and that is likely in centralized servers.
And these servers don't last forever. And certainly, the owners can't guarantee that they can secure it in eternity.
NFTs is just one facet of today's technology, it can very well disappear in the years to come and replace by a new one.
Remember, it is a hype for now and its future is face with uncertainty. So it is your own prerogative if you want to own one or not.
If you have the capability to buy an expensive artwork, I would prefer the physical artwork rather than the digital one.
That for sure, you can own in your lifetime as you have the full control on how you will handle and secure it.

[Sidra101]

NFTs (Non-Fungible Tokens) cannot last forever in their current digital form. The main reasons for this are; 'i' Dependence on the blockchain 'ii' Storage and hosting 'iii' Technological advancements. It's important to note that efforts are being made to address these challenges and find solutions for long-term preservation of NFTs.
presently; NFTs don't have a guarantee of lasting forever in their current digital state.

[Abiky]

Are you saying that using the network for something is "littering" it? I am astonished that people see that as littering. Like hundreds of thousands of fungible tokens and bots buying and selling them wouldn't be littering.

Thing is, if a blockchain can be "littered" by something, then maybe the problem is in the blockchain and not people using it. The whole point of it is that ANYONE can use it. If they didn't do the math on people actually using it and flooding it, then the problem is in the platform design itself. Not on the people "using it wrong"

And we totally see what function nfts have and is and it's a multi billion dollar market so i am not sure what you are trying to say.

Blockchains are designed to accept anything they're thrown at them, as long as the user is willing to pay a fee. The more transactions submitted at the same time, the higher the network fees will be. "Littering" would be an issue if the Blockchain didn't had any fees. That would give the spammer ample room to do whatever he wants without being penalized in the long run. Blocking NFTs on the Blockchain, would bring us back to the era of censorship.

We should encourage openess and decentralization to make crypto different from banks. I don't think NFTs are a passing trend, especially when there are some of them that are actually useful and/or valuable. If NFT creators host them on decentralized CDNs, they could last a lifetime. Who knows if maybe Arweave and IPFS are used to preserve NFT data in the future? Just my thoughts

[yhiaali3]

Even if media data is lost, the history of NFT properties, ownership and expenditures on the blockchain provides a history and reputation that cannot be deleted from the blockchain and is still valuable.

Also I believe most of the NFT is stored on backup servers so it can be re-attached to the media data on new servers, which restores the full value of the NFT.

[flying_bit]

I think they will last for a long time as long as they evolve with time.

Ofcourse, I don't think any people will buy the same monkey artwork since many well known/legit artists now are interested in NFTs because they provide a new way to monetize and protect their digital artwork.

NFTs allow artists to prove ownership and authenticity of their work, and the unique nature of each NFT means that they can be sold as one-of-a-kind digital collectibles, which can potentially generate significant income for the artist. Also, NFTs give artists greater control over their work, allowing them to set the terms of the sale and retain ownership and control over their intellectual property. Overall, NFTs offer a new way for artists to earn revenue and gain recognition for their digital creations.

if we want blockchain technology to be accepted by people, then we should be happy with this. It's a win for all of us believer of blockchain.

[timoshani]

Buying NFTs won't be worthy for long. I even found no point to buy NFTs with large amount of money. It just able to create hype because of new trend but demand will be decreased dramatically when hype will over. I still don't understand the concept of buying useless NFTs with millions. Proving ownership is good idea but not satisfactory reason for NFTs could last long. Who already bought NFTs, i doubt they could ever recover their money

The idea of ​ ​ NFT is not quite yet promoted and is not particularly clear to many. Therefore, it is logical that many people buy or receive NFT, and almost immediately sell. It seems to me that NFT is an ordinary postmark that is needed today, and tomorrow it is useless.

[bittick]

The permanence of an NFT may depend on the existence and stability of the blockchain network it relies on. If NFT is built on a stable, secure and permanent blockchain network, it will last longer.

I think blockchain in general are permanent, but it couldn't save the NFT file inside the blockchain it only records metadata, in saving NFT file one need other services, but actually, I don't think many really care about this, i too don't really care about how nft saved, just invest.

[Desmong]

After start NFT hype, still people creating bullshit art and selling at largest web3 marketplace known as OpenSea. I wonder some people also brought such useless NFT but I think That isn’t the real side of NFT.... I think NFT need for future and It'll stay for identify the real Owners from duplicate copy made by scammers. System might be updated by using IPFS, Sia or other method.  so nothing will be vanished instant

Everyone keep saying NFT is hyped and we keep seeing people making money from it. There are persons that don't joke with NFT so we need to look into it and see if people are making money or not than coming out to say that NFT is over hyped and one is not going to make money at all. Those that are making money from NFT are doing that and those that are not are not.

[JeffBrad12]

The idea of ​ ​ NFT is not quite yet promoted and is not particularly clear to many. Therefore, it is logical that many people buy or receive NFT, and almost immediately sell. It seems to me that NFT is an ordinary postmark that is needed today, and tomorrow it is useless.

that's true right now NFT seems like just yet another ordinary short lived investment in general many that are investing in NFT aren't really in need of NFT, sometime the NFT just required like a key for people to claim some airdrops, some project are using NFT nowaday just for the sake of eligibility of an airdrops in which quite fine enough but kinda speaks volume the current condition of NFT that's usually just for temporary use.
the art NFT nowaday also didn't as much attention like before whereas many of them are just outright losing their value.
the NFT investment isn't sustaining, so I doubt that as many have said again, everyone would care about the well being of their NFT most of them just outright toss away their NFT by selling it at low price at the end of the day.

[Victorik]

Firstly, I personally have never invested in NFTs. Because I consider it an unpromising business to buy, as I call them, ordinary pictures. I have a few and they got me as a reward for various types of work. All this, in my opinion, will soon go into oblivion and something new will appear, because technology does not stand still and develops, tomorrow there will be something else

That makes two of us. I thought I was the only one who has never minted an nft despite the hype around it. I just don't fancy it or buy the idea. Not that I am against it though, but it just doesn't appeal to me.

They won't last for ever

[bussybuddy]

(...)So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.

I can understand the problem OP mentioned, as I myself am a user in NFT environment, indeed this is a problem for which there is currently no perfect solution to this problem. However, there are a few improvements and solutions that can help reduce the risk of NFT loss due to centralized server failure. However the way I see the solution from using IPFS, it can be said that using IPFS can help reduce the risk of centralized storage in a single place, using this protocol also allows stores data on multiple servers, which minimizes the risk of data loss.
Although there is no perfect solution yet, using the above solutions can help minimize the possibility of NFT loss. With the development of distributed and decentralized storage technologies, we can expect many new solutions to be developed in the future to help protect and store NFT in a sustainable and secure way than.

[Abiky]

Even if media data is lost, the history of NFT properties, ownership and expenditures on the blockchain provides a history and reputation that cannot be deleted from the blockchain and is still valuable.

Also I believe most of the NFT is stored on backup servers so it can be re-attached to the media data on new servers, which restores the full value of the NFT.

If that is the case, then we should have nothing to worry about. NFT data must be preserved if we want to display or sell our digital collectibles in the future. Crypto/Blockchain tech is all about decentralization, so why not put everything on a decentralized cloud storage solution? The decision lies on NFT creators themselves.

While I don't think the trend will disappear, people will move on to the next big thing in the crypto space with the hopes of getting rich quick. New trends such as Soulbound tokens (SBT) and tokenized assets (Gold, Diamond, Real Estate, etc) will take over the NFT hype for a while. When will that happen is an excellent question. Just don't invest more than what you can't afford to lose, and you'll have nothing to worry about.

[Xal0lex]

All of the NFTs you know and love today, have their data stored their on centralized servers (images, video, etc). What is only stored on the Blockchain is just the properties of the NFT itself. While you're basically the "owner" of the NFT, you could lose technically lose it if the centralized server hosting the content of the NFT goes down.

So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.

Ha ha. Good point, proving once again the absolute impracticality and ineffectiveness of buying NFTs as some form of digital art, and with an exorbitantly high price tag. Investing in NFT is suitable only for speculation, but not for collecting or anything else. Art is eternal, but these chitcoins are fleeting. As the recent situation has shown, NFTs can only effectively destroy entire ecosystems, and they will never be attractive for investment.

Physical art is eternal but when it comes to NFT as Abiky stated, they are stored somewhere, and that is likely in centralized servers.
And these servers don't last forever. And certainly, the owners can't guarantee that they can secure it in eternity.
NFTs is just one facet of today's technology, it can very well disappear in the years to come and replace by a new one.
Remember, it is a hype for now and its future is face with uncertainty. So it is your own prerogative if you want to own one or not.
If you have the capability to buy an expensive artwork, I would prefer the physical artwork rather than the digital one.
That for sure, you can own in your lifetime as you have the full control on how you will handle and secure it.

I wonder how many NFTs, of all those created at the moment, have any value at all, not only to their owner, but to the rest of the community or even to world culture? How many? 0.001% of the total? Less? More? I think the figure is extremely negligible and makes it clear that this technology is extremely crude and not used for its intended purpose at all. How many announcements in the last year have we heard from big and well-known artists that they are releasing their NFTs? It seems that everybody understood that this sector is full of speculators and wash traders and something tells me that the theme of art is the least of their worries.

[Doan9269]

All of the NFTs you know and love today, have their data stored their on centralized servers (images, video, etc). What is only stored on the Blockchain is just the properties of the NFT itself. While you're basically the "owner" of the NFT, you could lose technically lose it if the centralized server hosting the content of the NFT goes down.

NFTs to me are just a temporary tokens used to serve a particular purpose frombthe intention of it creators, which makes it not a currency but a token, and investing on token must be with ultimate care because many are scam tokens in the market, as long as they are controlled under a central server developers they can be attacked and or controlled by anyone.

So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.

You shouldn't invest on tokens ror a long time because they can cease to exist anytime especially during high volatility when bitcoin and crypto market goes bearish, some of these tokens goes down completely along.

[FahriZah]

NFTs It's not a stable coin and not any crypto currency related any coins Nft means Non Fungable Token shortly NFTs i Think who already already budget huge off Nfts that's why Millionaire soon or later.

[Hypnosis00]

I'd see people are happy before when buying NFT projects but for now, I really don't think we can see smile on their faces, probably regrets.
But what I take is that this NFT project will last for a long-time. Unfortunately, we can't also think that it was valuable, it was just your crypto collections instead. If we are thinking of a profit, we should not consider them on our list, they are dying actually. In fact, many people who buy them during their time/season can no longer sell them, nobody is buying this stuff actually.

[tygeade]

All of the NFTs you know and love today, have their data stored their on centralized servers (images, video, etc). What is only stored on the Blockchain is just the properties of the NFT itself. While you're basically the "owner" of the NFT, you could lose technically lose it if the centralized server hosting the content of the NFT goes down.

So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever.

Above all of this, I believe that NFT's are worthless. I didn't think they were "worthless" until recently, I believed they were worth "less" than what they were sold for, and it wasn't just this bear period that made them go down but they would stay down and it wasn't a good position to be in if you were an NFT owner and even bull wouldn't bring them back to ATH prices again.

However, recently I changed my mind and started to think that it is worthless and will be terrible as well. I believe that we shouldn't really focus on them anymore and I suggest everyone to stay away from them and never one any. Only do so if you think you are not doing it as investment, if you really want to support the artist then that's fine, but never for investment reasons.

[Jody.Drummer]

I'd see people are happy before when buying NFT projects but for now, I really don't think we can see smile on their faces, probably regrets.
But what I take is that this NFT project will last for a long-time. Unfortunately, we can't also think that it was valuable, it was just your crypto collections instead. If we are thinking of a profit, we should not consider them on our list, they are dying actually. In fact, many people who buy them during their time/season can no longer sell them, nobody is buying this stuff actually.

We must be aware that pleasure is based on what. What I saw and felt was that even I, who was in NFT a while ago, was only focused on the hype and exploiting the conditions when NFT was booming at that time.
I'm in NFT and I'm happy about it considering the benefits when their hype is good it benefits me, but on the other hand we also have to be aware when talking about hype then it's clear that there will be a time like this and now is the NFT era it's been said to be over so now for NFT it's just about collection because when talking about price then I think it's difficult.

[Abiky]

I wonder how many NFTs, of all those created at the moment, have any value at all, not only to their owner, but to the rest of the community or even to world culture? How many? 0.001% of the total? Less? More? I think the figure is extremely negligible and makes it clear that this technology is extremely crude and not used for its intended purpose at all. How many announcements in the last year have we heard from big and well-known artists that they are releasing their NFTs? It seems that everybody understood that this sector is full of speculators and wash traders and something tells me that the theme of art is the least of their worries.

It's all speculation. Unless governments or serious entities start issuing NFTs, don't expect the trend to be taken seriously anytime soon. Still, it would be nice to preserve the data of NFTs that are truly valuable. Would imagine losing it all if the server containing the NFT data goes down in an instant? You'd say the properties of the NFT are stored in the Blockchain, but without the content, what's the use?

This is still the early days of crypto/Blockchain tech, so I believe there's room for improvement. The solutions are already there to make NFTs last forever. It'll be up to developers and/or NFT creators to do the right thing by using any of the available decentralized cloud storage solutions for investors' own benefit. NFTs or not, crypto won't be going anywhere soon. Just my opinion

[Xal0lex]

I wonder how many NFTs, of all those created at the moment, have any value at all, not only to their owner, but to the rest of the community or even to world culture? How many? 0.001% of the total? Less? More? I think the figure is extremely negligible and makes it clear that this technology is extremely crude and not used for its intended purpose at all. How many announcements in the last year have we heard from big and well-known artists that they are releasing their NFTs? It seems that everybody understood that this sector is full of speculators and wash traders and something tells me that the theme of art is the least of their worries.

It's all speculation. Unless governments or serious entities start issuing NFTs, don't expect the trend to be taken seriously anytime soon. Still, it would be nice to preserve the data of NFTs that are truly valuable. Would imagine losing it all if the server containing the NFT data goes down in an instant? You'd say the properties of the NFT are stored in the Blockchain, but without the content, what's the use?

This is still the early days of crypto/Blockchain tech, so I believe there's room for improvement. The solutions are already there to make NFTs last forever. It'll be up to developers and/or NFT creators to do the right thing by using any of the available decentralized cloud storage solutions for investors' own benefit. NFTs or not, crypto won't be going anywhere soon. Just my opinion

Until blockchains solve scalability problems and until crypto users learn to treat these tokens not as a means of easy profiteering, but also to consider their utilitarian properties, nothing in this industry will change. NFTs will continue to be synonymous with scam and spam. Bitcoin was once associated with scam too, but then with the advent of regulation, it began to be noticed by individual heads of state, bankers and large investment managers. Not only does it take time to be accepted, but it also takes a dramatic change in regulation. As long as everyone can anonymously create an infinite number of NFTs, including fakes of known originals, nothing good awaits this industry.

[carrie_white]

In my opinion, NFT is indeed very interesting and has become one of the major innovation advances in the crypto world, but to continue to exist in the future, it will be a big challenge for NFT, investors will quickly get bored and lose interest if NFT doesn't have big innovations later.

[eaLiTy]

~
If we are thinking of a profit, we should not consider them on our list, they are dying actually. In fact, many people who buy them during their time/season can no longer sell them, nobody is buying this stuff actually.

The initial hype created a make belief that it would sell like hot cakes and it indeed sold for large sums of money thinking that they could resell them at a huge price but when hundreds of similar projects pops up the initial hype created could not sustain further. That said, if the projects can make use of that NFT in games and other online activities then it would fetch valuation, other than that it is useless.

[panganib999]

Firstly, I personally have never invested in NFTs. Because I consider it an unpromising business to buy, as I call them, ordinary pictures. I have a few and they got me as a reward for various types of work. All this, in my opinion, will soon go into oblivion and something new will appear, because technology does not stand still and develops, tomorrow there will be something else

You're sound and everyone's entitled to their own opinions but the very notion that "NFTs are an unpromising business to me because they're just ordinary pictures" is a little absurd, the picture is half of what you pay for, the rest is the ownership and if you're with a project that's feature packed, cause most of DAOs and Crypto-call groups nowadays sell their membership or add their membership as a feature in an NFT they sell. So again, if you dig deep, you'll find out that a lot of NFTs today have moved past that phase of money laundering and scamming people, it's more about providing real use-cases that people could enjoy.

On the other hand however, I still don't see NFTs prevailing in the end. They are a fad that's bound to fade from the get-go. Congratulations to the people who were able to rake profits from them but that's the end of it, no more no less.

[Cryptomultiplier]

Forever in this instance I feel should be moderated to the longevity of the internet. As long the internet, the world wide web and satellite and antenna and mast for network or internet service is still up running and functional, NFTs should last that long.

Why I say so is because NFTs are like digital stamps or etchings that is difficult to erase. Ever heard the saying that the internet never forgets? I guess that's where or how the brains behind the NFT had in mind when they created the idea.

[davide72]

Firstly, I personally have never invested in NFTs. Because I consider it an unpromising business to buy, as I call them, ordinary pictures. I have a few and they got me as a reward for various types of work. All this, in my opinion, will soon go into oblivion and something new will appear, because technology does not stand still and develops, tomorrow there will be something else

Me too i never bought a single NFT, I do not see any use only so much speculation, the ones I had were given to me for free. NFTs have so far been a single speculative instrument .

[Abiky]

Forever in this instance I feel should be moderated to the longevity of the internet. As long the internet, the world wide web and satellite and antenna and mast for network or internet service is still up running and functional, NFTs should last that long.

Why I say so is because NFTs are like digital stamps or etchings that is difficult to erase. Ever heard the saying that the internet never forgets? I guess that's where or how the brains behind the NFT had in mind when they created the idea.

That would be true if the whole NFT is stored on the Blockchain. But we all know that's not the case with most NFTs being sold on the market today. They have data stored on centralized servers that could disappear in an instant. Data doesn't need to be stored on a Blockchain, but rather on a separate network that would serve as a decentralized (or rather distributed) cloud storage system. Something like IPFS or Arweave would do the trick. How long will the craze last is a wild guess.

NFTs could be preserved for generations but if the hype dies, they could be worth nothing in the long run. At least, NFTs are a "fun experiment" meant to test the Blockchain's capabilities. If successful, they could replace physical items as we know them. Who knows what the future will bring to our society? Just my thoughts

[deepblue01]

i don't know about that but there is story from the past.
the name is cryptokitties, The first NFT uses the ethereum network.
Back then a lot of people were buying or selling cats on the ethereum blockchain.
And now the cat is being sold at a lower price

[robattfield]

NFT used to have a good time with the vibrant market it brought to many people. However, that is no longer the case; the past is over, and now NFT is really something superfluous in this market community. I know there are a lot of people who are happy to profit from NFT trading, but why are they happy now? Everything has a certain time for existence, so I think it is no longer valid to continue to exist. It is better to use it as a gift instead of trading it. In fact, now many projects are doing this compared to launching high-value limited editions of NFT for no good purpose.

[Raflesia]

~
If we are thinking of a profit, we should not consider them on our list, they are dying actually. In fact, many people who buy them during their time/season can no longer sell them, nobody is buying this stuff actually.

The initial hype created a make belief that it would sell like hot cakes and it indeed sold for large sums of money thinking that they could resell them at a huge price but when hundreds of similar projects pops up the initial hype created could not sustain further. That said, if the projects can make use of that NFT in games and other online activities then it would fetch valuation, other than that it is useless.

But indeed seeing from the hype concept it will forever be like that.
NFT is too uphill from the start, in fact, any new project will definitely have something to do with NFT, which targets almost everything. But in this case, of course, the more hype, the greater the fall, and that has happened frequently, including in NFTs. Now that they are just a collection regardless of anything it will be very difficult for them to revive. Even though it might still be possible but with the previous hype I don't think it will be surpassed anymore because regardless of anything there might still be some people who are trapped but of course we are aware of previous experience so that should be the initial benchmark not to do the same thing.

[o48o]

I wonder how many NFTs, of all those created at the moment, have any value at all, not only to their owner, but to the rest of the community or even to world culture? How many? 0.001% of the total? Less? More?
-cut-

Probably slightly more then with erc20 or bep20 tokens. As those are even easier to make, you don't need even images to attach to them. I consider NFTs basically as shitcoins or memecoins with pictures. At least with those you can play with more visuals. Having a million pepe coins seems less visully entertaining then having 100 different pepe nfts. Even though you don't own the pictures, just tokens linked to them.

[Wakate]

We should always have the thought in our mind that nothing last forever. Even when we look at the coin market, there are many coin projects that had existed for so long and now they are not more. Some are just ranging in the market why others have few investors holding them because many persons must have been tired of holding. NFT can not last forever but it is still going to be in form of a digital coin that can be use toake transactions. Those that are holding NFT should not get discouraged because the bear market has not yet send us to the bull market.

[lobo13hf]

I wonder how many NFTs, of all those created at the moment, have any value at all, not only to their owner, but to the rest of the community or even to world culture? How many? 0.001% of the total? Less? More?
-cut-

Probably slightly more then with erc20 or bep20 tokens. As those are even easier to make, you don't need even images to attach to them. I consider NFTs basically as shitcoins or memecoins with pictures. At least with those you can play with more visuals. Having a million pepe coins seems less visully entertaining then having 100 different pepe nfts. Even though you don't own the pictures, just tokens linked to them.

well honestly NFT far inferior than even those of meme coin, at least with meme coin in general you can still have some liquidity,
but with NFT what really you got though, the uniqueness become the disadvantage if there's no liquidity at all.

[Abiky]

Probably slightly more then with erc20 or bep20 tokens. As those are even easier to make, you don't need even images to attach to them. I consider NFTs basically as shitcoins or memecoins with pictures. At least with those you can play with more visuals. Having a million pepe coins seems less visully entertaining then having 100 different pepe nfts. Even though you don't own the pictures, just tokens linked to them.

You can never own an NFT, especially when its data is stored on a centralized server. Maybe that's not the case with Ordinals inscriptions (BRC-20)? I don't get why there's a lot of hype surrounding NFTs, when they could easily fade into oblivion. They're not something you can touch or truly own like a physical collectible.

I know Blockchain is the future, but it's not meant to be used for everything. There are millions of NFTs that could bloat popular Blockchain networks if they become a big hit. BTC experienced high fees because of this, as well as, ETH itself. Moving data into a decentralized cloud storage solution may not be enough to improve NFTs as a whole. This is just starting to blossom, so I'd give more time to see what happens. Just my thoughts

[deepblue01]

We should always have the thought in our mind that nothing last forever. Even when we look at the coin market, there are many coin projects that had existed for so long and now they are not more. Some are just ranging in the market why others have few investors holding them because many persons must have been tired of holding. NFT can not last forever but it is still going to be in form of a digital coin that can be use toake transactions. Those that are holding NFT should not get discouraged because the bear market has not yet send us to the bull market.

do you think this is a bear market?
i can see the altcoins have already bled too much but not bitcoin the last bear market the last bear market take bitcoin down 80%. i think not many crypto can survive this cycle.

[LastKiss]

~snip~

So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.

Everything in the Crypto market won't last forever, there are lots of risks in the crypto market and one of them like what you said but many people investing in NFTs because they love art, they see the potential of investment in NFTs, and they try to invest in something new, etc. NFTs won't last forever but long term absolutely yes in my opinion, just pick a good NFTs and hodl it like a few years and see what happens.

[Lamkuthang]

Probably slightly more then with erc20 or bep20 tokens. As those are even easier to make, you don't need even images to attach to them. I consider NFTs basically as shitcoins or memecoins with pictures. At least with those you can play with more visuals. Having a million pepe coins seems less visully entertaining then having 100 different pepe nfts. Even though you don't own the pictures, just tokens linked to them.

You can never own an NFT, especially when its data is stored on a centralized server. Maybe that's not the case with Ordinals inscriptions (BRC-20)? I don't get why there's a lot of hype surrounding NFTs, when they could easily fade into oblivion. They're not something you can touch or truly own like a physical collectible.

I know Blockchain is the future, but it's not meant to be used for everything. There are millions of NFTs that could bloat popular Blockchain networks if they become a big hit. BTC experienced high fees because of this, as well as, ETH itself. Moving data into a decentralized cloud storage solution may not be enough to improve NFTs as a whole. This is just starting to blossom, so I'd give more time to see what happens. Just my thoughts

True, Abiky (OP) NFT is still in its early stages of development, so it needs to be given more time to see its development and the Blockchain network is facing scalability challenges due to the increasing number of NFTs resulting in high transaction fees and technology but what are Ordinals inscriptions (BRC-20) able to solve the problem through decentralized storage?

[Doan9269]

We should always have the thought in our mind that nothing last forever. Even when we look at the coin market, there are many coin projects that had existed for so long and now they are not more. Some are just ranging in the market why others have few investors holding them because many persons must have been tired of holding. NFT can not last forever but it is still going to be in form of a digital coin that can be use toake transactions. Those that are holding NFT should not get discouraged because the bear market has not yet send us to the bull market.

do you think this is a bear market?
i can see the altcoins have already bled too much but not bitcoin the last bear market the last bear market take bitcoin down 80%. i think not many crypto can survive this cycle.

NFTs in general may continue to remain forever but which and which one will last or stand for long is what we cannot have assurance on, we take the risk to only invested on them within a couple of years and then later sell them, they are not the best asset for our investment but we can narrowly invest over them within a short period of time, meanwhile it's more better not to put all the investments on NFTs alone, we cwn egage the memecoins as well as other cryptocurrencies we are very confident in.

[asyakashi]

I don't think so. they can indeed be used as long as the platform is running where this platform can display the functions of the nft we have. but the NFT trend must have a limit, where if the trend runs out we won't feel the scarcity of NFT anymore or even they will become just ordinary pictures or videos which have become not rare items. I understand they are given security through a difficult algorithm, but all crypto trends always have an end I think NFT is the same.

[axxo]

NFT's can affect its lifespan. If the NFT is stored on a centralized platform that goes out of business or experiences data loss, the NFT could be lost forever. If the NFT is stored on a decentralised platform or on the blockchain itself, it has a better chance of lasting indefinitely. The popularity and demand for an NFT can also affect its lifespan. If an NFT is highly sought after a valuable it is more likely to be preserved and maintained by collectors and enthusiasts. It is impossible to guarantee that an NFT will last forever, storing it on a decentralized platform it can increase its chances of longevity.

[Xal0lex]

I wonder how many NFTs, of all those created at the moment, have any value at all, not only to their owner, but to the rest of the community or even to world culture? How many? 0.001% of the total? Less? More?
-cut-

Probably slightly more then with erc20 or bep20 tokens. As those are even easier to make, you don't need even images to attach to them. I consider NFTs basically as shitcoins or memecoins with pictures. At least with those you can play with more visuals. Having a million pepe coins seems less visully entertaining then having 100 different pepe nfts. Even though you don't own the pictures, just tokens linked to them.

Probably because many people associate NFTs with images. I've rarely seen NFTs containing chunks of text or audio files. Probably because many people prefer to see what they buy rather than read or listen to it. I remember there was even a little hype around NFT with famous tweets, but that hype quickly subsided and didn't get the proper exposure. Even the NFT, containing the very first tweet in history, has fallen in price many times over, as few people are interested.

[deepblue01]

~snip~

So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.

Everything in the Crypto market won't last forever, there are lots of risks in the crypto market and one of them like what you said but many people investing in NFTs because they love art, they see the potential of investment in NFTs, and they try to invest in something new, etc. NFTs won't last forever but long term absolutely yes in my opinion, just pick a good NFTs and hodl it like a few years and see what happens.

I think is not enough, maybe just pick a good NFT to be used for gaming and see how much it worth next year or more.

NFTs in general may continue to remain forever but which and which one will last or stand for long is what we cannot have assurance on, we take the risk to only invested on them within a couple of years and then later sell them, they are not the best asset for our investment but we can narrowly invest over them within a short period of time, meanwhile it's more better not to put all the investments on NFTs alone, we cwn egage the memecoins as well as other cryptocurrencies we are very confident in.

i agree with that.  most nfts will not survive in this cycle. i think i wont hold nft for long time because the risk is too much

[Yamifoud]

NFT's can affect its lifespan. If the NFT is stored on a centralized platform that goes out of business or experiences data loss, the NFT could be lost forever. If the NFT is stored on a decentralised platform or on the blockchain itself, it has a better chance of lasting indefinitely. The popularity and demand for an NFT can also affect its lifespan. If an NFT is highly sought after a valuable it is more likely to be preserved and maintained by collectors and enthusiasts. It is impossible to guarantee that an NFT will last forever, storing it on a decentralized platform it can increase its chances of longevity.

But have any NFT projects had such a thing, well, I'd never find any. They have no use case actually and never I say they are helping the crypto space and giving motivation to the community instead, they are making these investors who bought them during their great time lose their money. In fact, instead of making a profit as a reason why they bought them, they are getting hopeless and nobody buys this project these days, they are holding it right now and a few years from now, no one is able to remember this anymore.

[deepblue01]

NFT's can affect its lifespan. If the NFT is stored on a centralized platform that goes out of business or experiences data loss, the NFT could be lost forever. If the NFT is stored on a decentralised platform or on the blockchain itself, it has a better chance of lasting indefinitely. The popularity and demand for an NFT can also affect its lifespan. If an NFT is highly sought after a valuable it is more likely to be preserved and maintained by collectors and enthusiasts. It is impossible to guarantee that an NFT will last forever, storing it on a decentralized platform it can increase its chances of longevity.

But have any NFT projects had such a thing, well, I'd never find any. They have no use case actually and never I say they are helping the crypto space and giving motivation to the community instead, they are making these investors who bought them during their great time lose their money. In fact, instead of making a profit as a reason why they bought them, they are getting hopeless and nobody buys this project these days, they are holding it right now and a few years from now, no one is able to remember this anymore.

yes there is. please check Decentraland, sandbox, apecoin and many more. many NFT price is still going down but still running.
if you have some money to invest in NFT you should take it, it more save than another NFT project

[Guidru]

NFT has no practical application value, and I have never invested in it. NFT should gradually fade out as time goes by.

[Abiky]

Probably because many people associate NFTs with images. I've rarely seen NFTs containing chunks of text or audio files. Probably because many people prefer to see what they buy rather than read or listen to it. I remember there was even a little hype around NFT with famous tweets, but that hype quickly subsided and didn't get the proper exposure. Even the NFT, containing the very first tweet in history, has fallen in price many times over, as few people are interested.

Making NFTs out of tweets is ridiculous. After all, those same tweets are stored on centralized servers managed by Twitter. If the company goes down, so will the data stored on those servers. The Blockchain will only prove you had ownership of the NFT, but without the data/content, what's the use?

NFT creators aren't even thinking of storing the content on decentralized cloud storage networks such as Arweave or IPFS. They're only thinking about making money in the fastest way possible. If this keeps up, don't expect NFTs to be taken seriously anytime soon. Who knows what the future holds for the industry? Just my opinion

[riskarcher]

Honestly NFT project is not reccomended for collection due to what we got is picture/soft file which is we don't have any Definite legality because everything is regulated by Develop and only access by system blockhain. Its make me wondering entities of artist quality are reserved only for NFT and not for physical works that can be exhibited/expose so it will be worth it

[timoshani]

Honestly NFT project is not reccomended for collection due to what we got is picture/soft file which is we don't have any Definite legality because everything is regulated by Develop and only access by system blockhain. Its make me wondering entities of artist quality are reserved only for NFT and not for physical works that can be exhibited/expose so it will be worth it

It is the absence of a real, and not invented, physical implementation of the NFT that is the weak point of the idea itself. Most of the NFT is junk. At the same time, in recent years, top collections on markets have sagged in price and supply by 1.5-3 times. This is already a real hint that the NFT will not exist forever.

[o48o]

You can never own an NFT, especially when its data is stored on a centralized server. Maybe that's not the case with Ordinals inscriptions (BRC-20)? I don't get why there's a lot of hype surrounding NFTs, when they could easily fade into oblivion. They're not something you can touch or truly own like a physical collectible.

I know Blockchain is the future, but it's not meant to be used for everything. There are millions of NFTs that could bloat popular Blockchain networks if they become a big hit. BTC experienced high fees because of this, as well as, ETH itself. Moving data into a decentralized cloud storage solution may not be enough to improve NFTs as a whole. This is just starting to blossom, so I'd give more time to see what happens. Just my thoughts

Like i already said, you don't own the picture but you own the link.

Concept of owning nfts is debatable becayse it all comes to definition of digital "owning". You don't own the files in a classical sense, and that wouldn't even make sense. You however own the rights to trade it for example. And if we are talking about current usecases, there are now over 10 million reddit nft avatar holders.

There are non-nft avatars in reddit too that you can use to build your avatar. But if you are using NFTs to build your avatar, you can get some rare ones that are very much wanted.

If you are wearing nft avatar you can choose what parts you are wearing from it, and you can combine different nfts. NFT avatars shows up differently and you can't fake wearing them. Those are freely traded in opensea and i think it's one of the first actually cool adopted usecases for nfts. You "own" those NFTs as long reddit is alive and i am thinking it will definitely last for several generations.

And NFTs are just starting, now there is ERC-6551 coming and that's unlocking ton of new possibilities. But i'll wait for it to be tested before i'll get too ecxited

[deepblue01]

Probably because many people associate NFTs with images. I've rarely seen NFTs containing chunks of text or audio files. Probably because many people prefer to see what they buy rather than read or listen to it. I remember there was even a little hype around NFT with famous tweets, but that hype quickly subsided and didn't get the proper exposure. Even the NFT, containing the very first tweet in history, has fallen in price many times over, as few people are interested.

Making NFTs out of tweets is ridiculous. After all, those same tweets are stored on centralized servers managed by Twitter. If the company goes down, so will the data stored on those servers. The Blockchain will only prove you had ownership of the NFT, but without the data/content, what's the use?

NFT creators aren't even thinking of storing the content on decentralized cloud storage networks such as Arweave or IPFS. They're only thinking about making money in the fastest way possible. If this keeps up, don't expect NFTs to be taken seriously anytime soon. Who knows what the future holds for the industry? Just my opinion

i agree with you but we need that. Twitter is big company, we all know many people use twitter.
Creat NFT from tweets is good, because we still need centralized system. for example USDT stablecoin.
so it's digital but we can't prove that twitter or USDT will go bankrupt.....

[nesty]

NFT's or non fungible tokes are digital assets that are stored on a blockchain. While the blockchain itself is designed to be immutable, the longevity of an NFT depends on which platform NFT is stored could go out of business or shut down, which would make it difficult to access the NFT. Many NFT marketplaces have taken steps to ensure longevity of their platforms and the NFT's stored on them. If the file format of NFT could become outdated or unsupported which could make it difficult to view or transfer the NFT. The value of NFT could decrease over time which could make it less desirable to own or trade. NFT do have the potential to last indefinitely, their longevity depends on variety of factors and cannot be guaranteed.

[bitgolden]

All of the NFTs you know and love today, have their data stored their on centralized servers (images, video, etc). What is only stored on the Blockchain is just the properties of the NFT itself. While you're basically the "owner" of the NFT, you could lose technically lose it if the centralized server hosting the content of the NFT goes down.

So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this.

It's an "idea" that you are buying right now, that's the trouble, we should be using it like a piece of paper. When you buy a house, what do you really buy? I mean they do not give you a house, house stays exactly what it has been before, the house isn't transferred to where you are, you go to it. So what do you really buy?

You buy a piece of paper that say it's yours, and you can show that piece of paper to anyone who questions it to prove that it is indeed your house. Same logic with NFT, it provides proof that it's your NFT and nobody can own it. What this means is that we could end up using NFT for stuff like that and suddenly it will go up in value, it could become an official contract between two parties and it would make a lot of sense for sure.

[Smitty Werben Man Jensen]

there is no need to doubt whether NFT will last long or not, what is certain is that the answer is NFT will last a long time,
I even predict that NFT will be used in AAA games in the future, an example that is being rumored now is GTA 6,
if GTA 6 does implement NFT in it, I guarantee that NFT will also be applied to other AAA games.

[Bitstar_coin]

If important data of the nft are not directly stored in the blockchain then why do people think they have ownership of their nft when it can all be easily lost? People spend so much money buying expensive nft like cryptopunk and face the possibility of losing it so quickly if what you said is true.
Am not an nft fan but i would not spend so much money to own an art that i can easily lose.

[Xal0lex]

Probably because many people associate NFTs with images. I've rarely seen NFTs containing chunks of text or audio files. Probably because many people prefer to see what they buy rather than read or listen to it. I remember there was even a little hype around NFT with famous tweets, but that hype quickly subsided and didn't get the proper exposure. Even the NFT, containing the very first tweet in history, has fallen in price many times over, as few people are interested.

Making NFTs out of tweets is ridiculous. After all, those same tweets are stored on centralized servers managed by Twitter. If the company goes down, so will the data stored on those servers. The Blockchain will only prove you had ownership of the NFT, but without the data/content, what's the use?

NFT creators aren't even thinking of storing the content on decentralized cloud storage networks such as Arweave or IPFS. They're only thinking about making money in the fastest way possible. If this keeps up, don't expect NFTs to be taken seriously anytime soon. Who knows what the future holds for the industry? Just my opinion

Was it ever taken seriously? In my opinion, this industry was just a way to get rich from the beginning. The year 2021 solidified the purpose of the NFT industry, and NFT has also become synonymous with scam for many, as these pictures depreciate very quickly. Nothing good awaits any industry in cryptocurrencies until regulatory rules are in place there. Although it is all out of the concept of freedom and decentralization, but without regulation, industries like NFT will always be drowning in scams and manipulation.

[anoesisx]

As soon as I found out that the images for NFTS are stored on a centralized server and not Baked in / Programed into the NFT. I was out.

[terciduk123]

NFTs will not last forever because it can be said that every trend will have its own time, after the trend ends we usually realize that the trend is really useful or not.
In addition to the storage of data on the NFT that is still centralized, not entirely in the Blockchain, in terms of usability and investment value NFT also seems to be inappropriate, as most NFT values decline over time, as well as with its usefulness even more now the Metaverse trend seems to have ended, so NFT fans are declining.

[deepblue01]

All of the NFTs you know and love today, have their data stored their on centralized servers (images, video, etc). What is only stored on the Blockchain is just the properties of the NFT itself. While you're basically the "owner" of the NFT, you could lose technically lose it if the centralized server hosting the content of the NFT goes down.

So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this.

It's an "idea" that you are buying right now, that's the trouble, we should be using it like a piece of paper. When you buy a house, what do you really buy? I mean they do not give you a house, house stays exactly what it has been before, the house isn't transferred to where you are, you go to it. So what do you really buy?

You buy a piece of paper that say it's yours, and you can show that piece of paper to anyone who questions it to prove that it is indeed your house. Same logic with NFT, it provides proof that it's your NFT and nobody can own it. What this means is that we could end up using NFT for stuff like that and suddenly it will go up in value, it could become an official contract between two parties and it would make a lot of sense for sure.

the idea is
1. do we need that house?
2. should we own that house? oh yeah, but if the house is not interesting to buy what we gonna do about it.
3. oh nooo, the server is down. it's not a house anymore. it's just some code

[Inspiron14]

NFTs will last as long as blockchain and internet technology still exists in this world,
because NFTs are part of the latest technology, we just know that NFTs are only in the crypto world,
but NFTs will also be applied in government or our daily lives, and that's will do in the future.

[Abiky]

Like i already said, you don't own the picture but you own the link.

Concept of owning nfts is debatable becayse it all comes to definition of digital "owning". You don't own the files in a classical sense, and that wouldn't even make sense. You however own the rights to trade it for example. And if we are talking about current usecases, there are now over 10 million reddit nft avatar holders.

There are non-nft avatars in reddit too that you can use to build your avatar. But if you are using NFTs to build your avatar, you can get some rare ones that are very much wanted.

If you are wearing nft avatar you can choose what parts you are wearing from it, and you can combine different nfts. NFT avatars shows up differently and you can't fake wearing them. Those are freely traded in opensea and i think it's one of the first actually cool adopted usecases for nfts. You "own" those NFTs as long reddit is alive and i am thinking it will definitely last for several generations.

And NFTs are just starting, now there is ERC-6551 coming and that's unlocking ton of new possibilities. But i'll wait for it to be tested before i'll get too ecxited

The concept is cool. But we're yet to see the government becoming part of this trend. So far, the vast majority of NFTs being traded on the market are nothing more than a scam. Nowadays, anyone can make an NFT using a picture/image found on the web. This bloats underlying blockchain networks with many unecessary junk. Things are only getting started, so I have high hopes the NFT industry will improve in the long run.

May I ask if the ERC-6551 is what Vitalik calls "Soulbound Tokens (SBT)"? These might become the next big thing in crypto land, as Universities/Colleges and other institutions use them for their own benefit. SBTs might prove to have better use cases than NFTs over time. Who knows when the SBT hype will begin?

[milewilda]

Like i already said, you don't own the picture but you own the link.

Concept of owning nfts is debatable becayse it all comes to definition of digital "owning". You don't own the files in a classical sense, and that wouldn't even make sense. You however own the rights to trade it for example. And if we are talking about current usecases, there are now over 10 million reddit nft avatar holders.

There are non-nft avatars in reddit too that you can use to build your avatar. But if you are using NFTs to build your avatar, you can get some rare ones that are very much wanted.

If you are wearing nft avatar you can choose what parts you are wearing from it, and you can combine different nfts. NFT avatars shows up differently and you can't fake wearing them. Those are freely traded in opensea and i think it's one of the first actually cool adopted usecases for nfts. You "own" those NFTs as long reddit is alive and i am thinking it will definitely last for several generations.

And NFTs are just starting, now there is ERC-6551 coming and that's unlocking ton of new possibilities. But i'll wait for it to be tested before i'll get too ecxited

The concept is cool. But we're yet to see the government becoming part of this trend. So far, the vast majority of NFTs being traded on the market are nothing more than a scam. Nowadays, anyone can make an NFT using a picture/image found on the web. This bloats underlying blockchain networks with many unecessary junk. Things are only getting started, so I have high hopes the NFT industry will improve in the long run.

May I ask if the ERC-6551 is what Vitalik calls "Soulbound Tokens (SBT)"? These might become the next big thing in crypto land, as Universities/Colleges and other institutions use them for their own benefit. SBTs might prove to have better use cases than NFTs over time. Who knows when the SBT hype will begin?

Thanks for the mention about that SBT and i might considering on looking further on what it is because im really that finding on some new crypto projects on which i might consider on investing on but due to the fact that there are lots of things that we do have today specially on number of shit projects exist in the market then it would really be that hard to point out which one is legit and which one is really that a scam.
Speaking about NFT then if we do look on Opensea on how it did end up then we could really say that this market turns out to be shit. Lots of those buyers on peak or having bought up with those millions of
dollars when it comes to NFT's are surely in almost 100% loss of their investment because most of the value is kissing into the floor now. Its true that we might be seeing some another adjustments
or enhancement about NFT but im not really that expecting that much. We wont know on what would be the next current trend.

[o48o]

The concept is cool. But we're yet to see the government becoming part of this trend. So far, the vast majority of NFTs being traded on the market are nothing more than a scam. Nowadays, anyone can make an NFT using a picture/image found on the web. This bloats underlying blockchain networks with many unecessary junk. Things are only getting started, so I have high hopes the NFT industry will improve in the long run.

But same applies to erc20 and bep20 etc tokens as well. It's because the permissionless nature of blockchain, even trolls can fill it with their junk.

May I ask if the ERC-6551 is what Vitalik calls "Soulbound Tokens (SBT)"? These might become the next big thing in crypto land, as Universities/Colleges and other institutions use them for their own benefit. SBTs might prove to have better use cases than NFTs over time. Who knows when the SBT hype will begin?

It's inspired by SBT but it's a new concept. Like SBTs but trasferrable and more.

Currently erc-721 NFTs are bound to wallets, just like cryptos are in general. You can think ERC-6551 other way around, wallets bound to NFTs. "Those are called Token Bound Accounts" (TBAs).
From what i understand, for example when you normally link wallets to sites, this could make it it possible to link your nfts. As those become smart contracts themselves.

This post explains it way better than i could:

https://blog.alphapanda.one/token-bound-accounts-erc-6551-the-future-of-nft-wallets/

I am still wrapping my mind around it. It took a while for me to even get erc721 when they came, so i guess i need to see this in action before i truly get the possibilities.

[deepblue01]

Speaking about NFT then if we do look on Opensea on how it did end up then we could really say that this market turns out to be shit. Lots of those buyers on peak or having bought up with those millions of
dollars when it comes to NFT's are surely in almost 100% loss of their investment because most of the value is kissing into the floor now. Its true that we might be seeing some another adjustments
or enhancement about NFT but im not really that expecting that much. We wont know on what would be the next current trend.

i heard that some friends of mine told that NFT is worthless because they bought many NFT at opensea. they knew it after that they saw a very different price, they felt they had lost a lot after they tried to resell.
most of them are selling at the current price they have bought or have 20-50% off but no buyers come to them. i think they just mad right now

[marcous]

Speaking about NFT then if we do look on Opensea on how it did end up then we could really say that this market turns out to be shit. Lots of those buyers on peak or having bought up with those millions of
dollars when it comes to NFT's are surely in almost 100% loss of their investment because most of the value is kissing into the floor now. Its true that we might be seeing some another adjustments
or enhancement about NFT but im not really that expecting that much. We wont know on what would be the next current trend.

i heard that some friends of mine told that NFT is worthless because they bought many NFT at opensea. they knew it after that they saw a very different price, they felt they had lost a lot after they tried to resell.
most of them are selling at the current price they have bought or have 20-50% off but no buyers come to them. i think they just mad right now

I predicted the loss that he had today from investment NFT, I told someone that NFT is a very bad investment and anyone will experience big loss when the NFT hype is no longer getting any interaction from the crypto community. The beginning of the NFT hype was because many traders published high profits from NFT trading but whoever maintains the NFT will result in heavy losses, even the NFT market will have the opportunity to lose if the daily trading volume does not reach the target.

[AmoreJaz]

Speaking about NFT then if we do look on Opensea on how it did end up then we could really say that this market turns out to be shit. Lots of those buyers on peak or having bought up with those millions of
dollars when it comes to NFT's are surely in almost 100% loss of their investment because most of the value is kissing into the floor now. Its true that we might be seeing some another adjustments
or enhancement about NFT but im not really that expecting that much. We wont know on what would be the next current trend.

i heard that some friends of mine told that NFT is worthless because they bought many NFT at opensea. they knew it after that they saw a very different price, they felt they had lost a lot after they tried to resell.
most of them are selling at the current price they have bought or have 20-50% off but no buyers come to them. i think they just mad right now

I predicted the loss that he had today from investment NFT, I told someone that NFT is a very bad investment and anyone will experience big loss when the NFT hype is no longer getting any interaction from the crypto community. The beginning of the NFT hype was because many traders published high profits from NFT trading but whoever maintains the NFT will result in heavy losses, even the NFT market will have the opportunity to lose if the daily trading volume does not reach the target.

right now, i believe a lot have been regretting their NFTs because of such losses. very few NFT projects are worth holding long-term. most of them will die down fast and won't be discussed anymore in this market. opensea though got a lot of profits but those who bought for sure are in a bad position right now.
well, that's the dilemma of buying the hype, you can never be sure of their longevity in the market.

[lalabotax]

right now, i believe a lot have been regretting their NFTs because of such losses. very few NFT projects are worth holding long-term. most of them will die down fast and won't be discussed anymore in this market. opensea though got a lot of profits but those who bought for sure are in a bad position right now.

Many people were caught up in the hype and FOMO NFT at that time. In fact, many influential people, artists, and various famous people have finally joined the world of NFTs, both as investors and as NFT makers themselves. At that time I thought, NFT is not much different from the emergence of various altcoins with a certain hype. When the era is over then this will end too. And it's true, there are very few NFTs that are truly worthy and may still be promising. Meanwhile, we still don't know whether they will rise again or not. At present, the era of NFTs is over and indeed it may be difficult for some NFTs to become popular again. I was thinking how much money will eventually just run aground on Opensea and other NFT platforms.

[valeneu]

The existence of NFT itself is based on smart contracts on the blockchain, and it cannot be guaranteed to exist forever.

So, what's the point of investing in NFTs if they can disappear in an instant?

The investment significance of NFT lies in its uniqueness and creative potential as a digital asset.

[Freddie Boyer]

If important data of the nft are not directly stored in the blockchain then why do people think they have ownership of their nft when it can all be easily lost? People spend so much money buying expensive nft like cryptopunk and face the possibility of losing it so quickly if what you said is true.
Am not an nft fan but i would not spend so much money to own an art that i can easily lose.

Of course! If we look at it from another perspective, for example, in the storage and risks involved where When we buy an NFT, the proprietary information is stored on the blockchain, which proves that you own it. However, the actual images or data associated with NFTs are often stored separately, not on the blockchain itself. This means that if data is lost or inaccessible, you may not be able to view or use the NFT properly.

While we still technically own the NFT, it's important to note that there is a risk of losing access to the artwork or associated data. This is something to consider before spending a lot of money on NFTs. although Several platforms are working on solutions to ensure the data is kept more secure it is still a good idea to research and understand the risks involved.

[Xal0lex]

NFTs will not last forever because it can be said that every trend will have its own time, after the trend ends we usually realize that the trend is really useful or not.
In addition to the storage of data on the NFT that is still centralized, not entirely in the Blockchain, in terms of usability and investment value NFT also seems to be inappropriate, as most NFT values decline over time, as well as with its usefulness even more now the Metaverse trend seems to have ended, so NFT fans are declining.

The technology has not yet revealed its potential and real utilitarian properties. The hype was speculative, where everyone was trying to make money on NFT. 99% of NFTs did not use their technical features and utility, but served as speculation for traders and creators of these NFT collections. If in the future the community will see NFT as a real technology and not as a way to make money, NFT will be with us for a long time and without any hype.

[Abiky]

But same applies to erc20 and bep20 etc tokens as well. It's because the permissionless nature of blockchain, even trolls can fill it with their junk.

Exactly. That's the real issue here. But there's nothing we can do about it, especially if we want to encourage openess on the Blockchain. Otherwise, we'd be going back to the era of censorship. Given the fact that most Blockchains have scaling issues, all of these worthless ERC-20, BRC-20, and NFTs will ultimately clog the network with high fees and slow confirmation times. The market will ultimately decide the ideal fee rates for the benefit of all. If we feel fees are too high, then we can simply move to another chain or use an off-chain (L2) scaling solution. Hype doesn't last forever, so I'm hopeful this will be all over soon.

It's inspired by SBT but it's a new concept. Like SBTs but trasferrable and more.

Currently erc-721 NFTs are bound to wallets, just like cryptos are in general. You can think ERC-6551 other way around, wallets bound to NFTs. "Those are called Token Bound Accounts" (TBAs).
From what i understand, for example when you normally link wallets to sites, this could make it it possible to link your nfts. As those become smart contracts themselves.

This post explains it way better than i could:

https://blog.alphapanda.one/token-bound-accounts-erc-6551-the-future-of-nft-wallets/

I am still wrapping my mind around it. It took a while for me to even get erc721 when they came, so i guess i need to see this in action before i truly get the possibilities.

That's completely mind-blowing. I couldn't imagine TBAs taking the NFTs spotlight real soon. It will be up to creators to make something serious that would last a lifetime. Not something out of pure speculation. The vast majority of NFTs are only quick cash grabs, so they will ultimately die in the long run.

I hope that won't be the case with SBTs and TBAs. I'm still trying to understand all of the technical jargon linked to these new kinds of tokens. With all that's been happening behind the scenes, it seems to me that ETH will remain as the #1 platform for NFTs and other kinds of tokens forever.

[disconnectme]

Yes, it can last forever. The thing is just that NFT need to be more advance than the current level it is currently in. If we compare the growth of NFT with that of Blockchain, I can see it being transformative and have real impact than the DEFI. DEFI seems saturated but there is still a lot to be done, AR, VR space has not been fully explored when it comes to NFT and Music NFT is just starting, it won't be the JPeg we have now. we just need all these developers to stop acting greedy and start developing and giving solutions this is what crypto is all about.

[blackened515]

right now, i believe a lot have been regretting their NFTs because of such losses. very few NFT projects are worth holding long-term. most of them will die down fast and won't be discussed anymore in this market. opensea though got a lot of profits but those who bought for sure are in a bad position right now.
well, that's the dilemma of buying the hype, you can never be sure of their longevity in the market.

No project is guaranteed to remain in the space indefinitely; old ones fold up, allowing young ones more chances to grow into solid projects. We have what we call the NFT season in cryptocurrency, but it is not yet that period, which is why there have been failed NFTs initiatives in the market. Long-term projects are obviously required in order to profit from NFTs. Trust me when I tell that these great ventures are scarce in the market; any moderator would desire the best for his or her team while also generating gratification for selfish goals, dumping investors' portfolios.

[o48o]

Exactly. That's the real issue here. But there's nothing we can do about it, especially if we want to encourage openess on the Blockchain. Otherwise, we'd be going back to the era of censorship. Given the fact that most Blockchains have scaling issues, all of these worthless ERC-20, BRC-20, and NFTs will ultimately clog the network with high fees and slow confirmation times. The market will ultimately decide the ideal fee rates for the benefit of all. If we feel fees are too high, then we can simply move to another chain or use an off-chain (L2) scaling solution. Hype doesn't last forever, so I'm hopeful this will be all over soon.

I don't think that hype needs to end, eth just needs to scale more for handling anything people are hyped about. Meanwhile i'll stick to sending eth via L2.

That's completely mind-blowing. I couldn't imagine TBAs taking the NFTs spotlight real soon. It will be up to creators to make something serious that would last a lifetime. Not something out of pure speculation. The vast majority of NFTs are only quick cash grabs, so they will ultimately die in the long run.

I hope that won't be the case with SBTs and TBAs. I'm still trying to understand all of the technical jargon linked to these new kinds of tokens. With all that's been happening behind the scenes, it seems to me that ETH will remain as the #1 platform for NFTs and other kinds of tokens forever.

I really wish i understood more about it. For now i am shilling it because some cool devs i know are constantly telling me how cool it is. There might be hype because of it but i see it similar to erc721, it's not over by a long shot even though it got way more hype so quickly it wasn't going to be sustainable. People were buying anything NFT related and only few seemed to know what they were doing.

I guess i need to take a day to study it as much as i can and hope i understand more of it.

[Lamkuthang]

Speaking about NFT then if we do look on Opensea on how it did end up then we could really say that this market turns out to be shit. Lots of those buyers on peak or having bought up with those millions of
dollars when it comes to NFT's are surely in almost 100% loss of their investment because most of the value is kissing into the floor now. Its true that we might be seeing some another adjustments
or enhancement about NFT but im not really that expecting that much. We wont know on what would be the next current trend.

Yes. it does feel tough as you pointed out The NFT market went through periods of popularity and high prices, but also experienced a decline in value. Investing in NFTs carries risks, and some buyers may experience losses. The future of the NFT market is uncertain, and it is difficult to predict the next trend.

[gaston castano]

It's worth noting that NFTs, like any digital asset, are subject to technological advancements and changes. Future developments in blockchain technology or improvements in standards could affect how NFTs are stored, accessed, or valued.
While the concept of NFTs allows for the potential of lasting indefinitely, the practical realization of that permanence is contingent on various factors that can influence their accessibility and relevance over time.

[kapalmabur]

Speaking about NFT then if we do look on Opensea on how it did end up then we could really say that this market turns out to be shit. Lots of those buyers on peak or having bought up with those millions of
dollars when it comes to NFT's are surely in almost 100% loss of their investment because most of the value is kissing into the floor now. Its true that we might be seeing some another adjustments
or enhancement about NFT but im not really that expecting that much. We wont know on what would be the next current trend.

Yes. it does feel tough as you pointed out The NFT market went through periods of popularity and high prices, but also experienced a decline in value. Investing in NFTs carries risks, and some buyers may experience losses. The future of the NFT market is uncertain, and it is difficult to predict the next trend.

One of the tragedies that I think is terrible is the price of an NFT that has fallen to -99% and that's not just a few but all NFTs -99%,
even worse than altcoins in my opinion. The future of NFT is still long because NFT is a great technology for future development,
so if you say NFT will live I say YES!.

[tygeade]

Exactly. That's the real issue here. But there's nothing we can do about it, especially if we want to encourage openess on the Blockchain. Otherwise, we'd be going back to the era of censorship. Given the fact that most Blockchains have scaling issues, all of these worthless ERC-20, BRC-20, and NFTs will ultimately clog the network with high fees and slow confirmation times. The market will ultimately decide the ideal fee rates for the benefit of all. If we feel fees are too high, then we can simply move to another chain or use an off-chain (L2) scaling solution. Hype doesn't last forever, so I'm hopeful this will be all over soon.

I don't think that hype needs to end, eth just needs to scale more for handling anything people are hyped about. Meanwhile i'll stick to sending eth via L2.

L2 would be fine as long as it is used by other projects, but getting in and out really bothers me, that's still a lot of money that you are spending so it doesn't really work in the end. I had the same thing a project that used ETH but also allowed matic during, and that meant that I would get in once and pay a lot of gas fee, and get out once and pay a lot of gas fee, aside from that I didn't do anything, those were it and nothing more.

In the end, what happened? I ended up with so little profit for using it that the gas fee I spent was nearly the same as my profit of 2 weeks, I spent 2 weeks of my life just for gas fee, it wasn't worth it. So l2 is still quite a long way to go, it can be a good alternative, but it needs to grow bigger.

[humanvelocity]

Absolutely Not! Anyone who ever says NFTs will last forever is absolutely ridiculous. I mean Yes you can have it with you forever but it’s never gonna have any value to it. NFTS were something that people thought would be a good business move to own a product in a blockchain that only belongs to you but unfortunately a single screenshot or screen recorder could take that away from you is a joke. People who made money on NFTS didn’t make profit on it because of the technology or NFTS themselves instead it was simply because of the hype it had among everyone in the crypto world.

[tommyceo]

It can, but not in a current usage model imho

[Blitzboy]

Exactly. That's the real issue here. But there's nothing we can do about it, especially if we want to encourage openess on the Blockchain. Otherwise, we'd be going back to the era of censorship. Given the fact that most Blockchains have scaling issues, all of these worthless ERC-20, BRC-20, and NFTs will ultimately clog the network with high fees and slow confirmation times. The market will ultimately decide the ideal fee rates for the benefit of all. If we feel fees are too high, then we can simply move to another chain or use an off-chain (L2) scaling solution. Hype doesn't last forever, so I'm hopeful this will be all over soon.

I don't think that hype needs to end, eth just needs to scale more for handling anything people are hyped about. Meanwhile i'll stick to sending eth via L2.

L2 would be fine as long as it is used by other projects, but getting in and out really bothers me, that's still a lot of money that you are spending so it doesn't really work in the end. I had the same thing a project that used ETH but also allowed matic during, and that meant that I would get in once and pay a lot of gas fee, and get out once and pay a lot of gas fee, aside from that I didn't do anything, those were it and nothing more.

In the end, what happened? I ended up with so little profit for using it that the gas fee I spent was nearly the same as my profit of 2 weeks, I spent 2 weeks of my life just for gas fee, it wasn't worth it. So l2 is still quite a long way to go, it can be a good alternative, but it needs to grow bigger.

Despite their potential, L2 solutions aren't a silver bullet, considering migration costs and scanty profits for smaller entities. Ethereum 2.0, promising reduced fees and less traffic, is on the way. Layer 2, though imperfect, is our current bridge to a better system. The big question remains: do we weather the storm or seek an alternative haven?

[sulendra12]

All of the NFTs you know and love today, have their data stored their on centralized servers (images, video, etc). What is only stored on the Blockchain is just the properties of the NFT itself. While you're basically the "owner" of the NFT, you could lose technically lose it if the centralized server hosting the content of the NFT goes down.

So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.

For now, there is no actual use for owning NFT aside of proving you are the ownership of such assets just like other assets in crypto. But, the main problem of NFT is just is so easily to get manipulated with the hype and the price is just continuously decreasing rapidly every day to no value at the end of the day. Who knows what would happen with NFT in later date, maybe they will have more advanced stuff on NFT? But for now, it's just miserable.

[CryptoSlater]

NFTs will revive with this news https://cointelegraphfeed.com/?amz-token-creation
HARD!

[OgNasty]

NFTs can last as long as their hosting does. Many people think NFTs are images on the blockchain, which is not true. They are just a link on the blockchain, so someone still has to be hosting the image. Until a better way to store NFTs on blockchains has been established as common, it will always come down to who is hosting the images.

[JasGrady]

the  value and relevance of NFTs can fluctuate over time based on market trends, demand, and changing preferences. While some NFTs have gained significant attention and value, there is no guarantee that every NFT will retain value or remain desirable indefinitely. The recent crash has me thinking their were over valued.

[monineklutak]

We don't need to worry that NFT will end, because NFT will always live in the future,
moreover NFTs are part of a technological advancement that will indeed change our lives as humans.
just like AI, Blockchain, and Metaverse,  So what do we have to worry about anymore?
Indeed, yes, I can say that currently many NFT projects are stalled, but that doesn't mean that NFT projects will die.

[nara1892]

We don't need to worry that NFT will end, because NFT will always live in the future,
moreover NFTs are part of a technological advancement that will indeed change our lives as humans.
just like AI, Blockchain, and Metaverse,  So what do we have to worry about anymore?
Indeed, yes, I can say that currently many NFT projects are stalled, but that doesn't mean that NFT projects will die.

Even so, it still depends on the NFT that we have because not all NFTs can work like that. In the end, most NFTs are the same as shitcoins, which are only used as collection materials and only NFTs that have clear potential and projects will be popular in the end.
NFT will still exist even though it's not like the previous hype, but on the other hand, of course, the longer it lasts, the bigger the challenges and new NFT projects will be, so that old projects, especially for some NFT games, don't get too much attention anymore.

[Abiky]

NFTs can last as long as their hosting does. Many people think NFTs are images on the blockchain, which is not true. They are just a link on the blockchain, so someone still has to be hosting the image. Until a better way to store NFTs on blockchains has been established as common, it will always come down to who is hosting the images.

It sucks to digitally own something you know it could easily disappear in an instant. I don't think there's an NFT out there that uses a decentralized cloud storage system. That's because most NFT creators don't give importance to ever-lasting data. They just want something that would make them quick buck, even if if the server where the data is hosted dies in the long run.

To exploit NFTs' true potential, everything must be stored on the Blockchain itself (or at least, a separate network for hosting the data). Something like Bitcoin Ordinals or Bitcoin Stamps would do the trick. The only downside is that this will increase fees and slow down transactions on the Blockchain. The trend is still new, so I'd expect NFTs to improve in the future. Who knows if they're here to stay? Just my opinion

[globalpain]

We don't need to worry that NFT will end, because NFT will always live in the future,
moreover NFTs are part of a technological advancement that will indeed change our lives as humans.
just like AI, Blockchain, and Metaverse,  So what do we have to worry about anymore?
Indeed, yes, I can say that currently many NFT projects are stalled, but that doesn't mean that NFT projects will die.

Even so, it still depends on the NFT that we have because not all NFTs can work like that. In the end, most NFTs are the same as shitcoins, which are only used as collection materials and only NFTs that have clear potential and projects will be popular in the end.
NFT will still exist even though it's not like the previous hype, but on the other hand, of course, the longer it lasts, the bigger the challenges and new NFT projects will be, so that old projects, especially for some NFT games, don't get too much attention anymore.

NFTs have been scammed a lot now and it really disappointed me, but from that I understood how we have to buy the right NFTs.
So now is definitely a good time to buy some NFTs that do have good products and are still undervalued, like NFTs from MOBOX.

[nara1892]

We don't need to worry that NFT will end, because NFT will always live in the future,
moreover NFTs are part of a technological advancement that will indeed change our lives as humans.
just like AI, Blockchain, and Metaverse,  So what do we have to worry about anymore?
Indeed, yes, I can say that currently many NFT projects are stalled, but that doesn't mean that NFT projects will die.

Even so, it still depends on the NFT that we have because not all NFTs can work like that. In the end, most NFTs are the same as shitcoins, which are only used as collection materials and only NFTs that have clear potential and projects will be popular in the end.
NFT will still exist even though it's not like the previous hype, but on the other hand, of course, the longer it lasts, the bigger the challenges and new NFT projects will be, so that old projects, especially for some NFT games, don't get too much attention anymore.

NFTs have been scammed a lot now and it really disappointed me, but from that I understood how we have to buy the right NFTs.

In fact, this is a normal thing because when hype starts to spread to a project, it is clear that there will be a lot of useless NFTs here with several projects that are not clear and indeed that is something that will definitely happen and as I said before for Such an NFT will eventually be just a showcase.

So now is definitely a good time to buy some NFTs that do have good products and are still undervalued, like NFTs from MOBOX.

What makes you sure about this because in the end it will only be the same, right? I may not be too familiar with NFT, but if you look at the current conditions, then indeed my mind for NFT allows only Punk and Bored Ape, the rest, even nothing, really makes me sure about NFT.

[globalpain]

We don't need to worry that NFT will end, because NFT will always live in the future,
moreover NFTs are part of a technological advancement that will indeed change our lives as humans.
just like AI, Blockchain, and Metaverse,  So what do we have to worry about anymore?
Indeed, yes, I can say that currently many NFT projects are stalled, but that doesn't mean that NFT projects will die.

Even so, it still depends on the NFT that we have because not all NFTs can work like that. In the end, most NFTs are the same as shitcoins, which are only used as collection materials and only NFTs that have clear potential and projects will be popular in the end.
NFT will still exist even though it's not like the previous hype, but on the other hand, of course, the longer it lasts, the bigger the challenges and new NFT projects will be, so that old projects, especially for some NFT games, don't get too much attention anymore.

NFTs have been scammed a lot now and it really disappointed me, but from that I understood how we have to buy the right NFTs.

In fact, this is a normal thing because when hype starts to spread to a project, it is clear that there will be a lot of useless NFTs here with several projects that are not clear and indeed that is something that will definitely happen and as I said before for Such an NFT will eventually be just a showcase.

So now is definitely a good time to buy some NFTs that do have good products and are still undervalued, like NFTs from MOBOX.

What makes you sure about this because in the end it will only be the same, right? I may not be too familiar with NFT, but if you look at the current conditions, then indeed my mind for NFT allows only Punk and Bored Ape, the rest, even nothing, really makes me sure about NFT.

The reason to believe in NFTs is only with my own analysis that reads the fundamentals of Mobox,
because Mobox has a valuable NFTs product you can visit the web from Mobox and im sure you will be have an answer.
and one more thing, indeed we cannot buy NFTs carelessly because there is a very high risk of being scammed,
and I said my advice is to buy NFTs that do have products, so you can be safe from scams.

[Japinat]

Speaking about NFT then if we do look on Opensea on how it did end up then we could really say that this market turns out to be shit. Lots of those buyers on peak or having bought up with those millions of
dollars when it comes to NFT's are surely in almost 100% loss of their investment because most of the value is kissing into the floor now. Its true that we might be seeing some another adjustments
or enhancement about NFT but im not really that expecting that much. We wont know on what would be the next current trend.

Yes. it does feel tough as you pointed out The NFT market went through periods of popularity and high prices, but also experienced a decline in value. Investing in NFTs carries risks, and some buyers may experience losses. The future of the NFT market is uncertain, and it is difficult to predict the next trend.

NFT was a bit sort of a scam, I believe. Investors was victimized to this but they cannot blame nobody because they are the ones who have chose to invest in it even though it carries risk that are still unknown, still they pursue it and bought millions with it. But where's all of that now? I doubt that they can still sell it at a much higher price compared to the price when they bought it because NFT is surely going down and will eventually fade as the time goes by.

[Psynthax]

these NFTs are gonna be long valueless because this become a concern honestly. thats just one of many loophole in the NFT mechanism.
its just not as good as it was initially pictured to be but then again though, I doubt NFT trend will last for long.

[FinneysTrueVision]

Using the blockchain as cloud storage is not really scalable. NFT protocols don't actually store images directly and instead what you are paying for is proof that you own something that is outside of the blockchain. There's been some instances where people's NFTs disappeared from their wallet because Metamask couldn't connect to a third party API. As long as you are relying on centralized databases then their is no guarantee that your NFT will last forever.

[Godday]

So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever.

Agree! There are no key points for investing in NFTs. I see such NFTs positioning as something as prestigious as Apes NFTs. But in reality NFTs are just ordinary digital data sets like images, videos or sounds that don't even have business value unlike stock photos or paintings. I agree with what @Ratimov has said in his topic ( The bitcoin blockchain is on its knees again )  that NFTs are just trash on crypto networks and certainly one should expect people to stop collecting NFTs.

[woez]

Using the blockchain as cloud storage is not really scalable. NFT protocols don't actually store images directly and instead what you are paying for is proof that you own something that is outside of the blockchain. There's been some instances where people's NFTs disappeared from their wallet because Metamask couldn't connect to a third party API. As long as you are relying on centralized databases then their is no guarantee that your NFT will last forever.

It is true that NFTs may disappear from the wallet due to connection issues with third-party APIs at any time, reflecting potential vulnerabilities in the current infrastructure. If a centralized database or service goes offline or encounters technical difficulties, the associated NFT may be lost or inaccessible. but, I assume there will be a Solution that will emerge to overcome this challenge.

[Abiky]

Using the blockchain as cloud storage is not really scalable. NFT protocols don't actually store images directly and instead what you are paying for is proof that you own something that is outside of the blockchain. There's been some instances where people's NFTs disappeared from their wallet because Metamask couldn't connect to a third party API. As long as you are relying on centralized databases then their is no guarantee that your NFT will last forever.

I believe Ordinals stores the whole content (data) of the NFT on the Bitcoin blockchain. But as far as ERC-721 tokens go, only the proof of ownership is stored on the ETH blockchain. This approach reduces the burden on the Blockchain, but NFTs could be lost as they're stored on a centralized server. One needs to make a balance between both kinds of NFTs' advantages/disadvantages to make a decision.

If we are really pushing for full decentralization, then it'd be best to store the data of the NFT on a sidechain or off-chain scaling solution (L2). The NFT trend is just starting to blossom, so I'd give it more time to see what happens. Who knows which NFTs will be able to last for generations? Just my opinion

[Nazmul012]

Invention of NFTs is another great technology for crypto industry. It'll be helpful in many ways, verifying ownership is the most interesting matter to me. But useless NFTs are making this technology down and hamper its reputation. People are using it to scam people by selling scam things. NFTs data and processes still doesn’t seems secure to me, it Should need improvement, otherwise everyone will stop buying NFTs for being scam or being their assets lost. Although Potential NFTs always matter in crypto industry

[timoshani]

Invention of NFTs is another great technology for crypto industry. It'll be helpful in many ways, verifying ownership is the most interesting matter to me. But useless NFTs are making this technology down and hamper its reputation. People are using it to scam people by selling scam things. NFTs data and processes still doesn’t seems secure to me, it Should need improvement, otherwise everyone will stop buying NFTs for being scam or being their assets lost. Although Potential NFTs always matter in crypto industry

As stated in this topic – NFTs can disappear at any time. And here the problem with risks is more serious than when investing in ordinary cryptocurrency. NFTs are an inherently insecure investment. In addition, they are not supported by anything real. Although the idea is just the opposite, it is possible to digitize something and own it. But this will not happen. Laws and a centralized financial system will not allow this to be done. I see no point in investing in this rubbish at all. Unless for the sake of a quick profit. The idea of ​ ​ a metaverse where all these NFTs will be needed – a bubble in a cube!!!

[eaLiTy]

~
that NFTs are just trash on crypto networks and certainly one should expect people to stop collecting NFTs.

You cannot completely ignore the power of NFT just like that, if the NFT has a use case and if that can be used inside a game like a character and so on then the story changes and it will have its value. For example like the Counter Strike skins and weapons, similar to that if it is an NFT and which can be used inside a game then it will have its value rather than collecting random arts which does not have any feature.

[cjmoles]

Using the blockchain as cloud storage is not really scalable. NFT protocols don't actually store images directly and instead what you are paying for is proof that you own something that is outside of the blockchain. There's been some instances where people's NFTs disappeared from their wallet because Metamask couldn't connect to a third party API. As long as you are relying on centralized databases then their is no guarantee that your NFT will last forever.

I believe Ordinals stores the whole content (data) of the NFT on the Bitcoin blockchain. But as far as ERC-721 tokens go, only the proof of ownership is stored on the ETH blockchain. This approach reduces the burden on the Blockchain, but NFTs could be lost as they're stored on a centralized server. One needs to make a balance between both kinds of NFTs' advantages/disadvantages to make a decision.

If we are really pushing for full decentralization, then it'd be best to store the data of the NFT on a sidechain or off-chain scaling solution (L2). The NFT trend is just starting to blossom, so I'd give it more time to see what happens. Who knows which NFTs will be able to last for generations? Just my opinion

I agree....there's several Layer 2 solutions with their own layers of tech. I can envision some crazy utility with the nonfungible assets in the near future.

I play a TCG game called "Gods Unchained" that utilizes NFTs.  The cards are NFTs on IMX using the Starkware, Starknet tech.  The game's been thru several transitions since its launch in 2018 as blockchain tech advanced, but our cards (NFTs) have managed to transition well thru the different scaling layers. I have a little experience with NFTs, and I'm optimistic about their future.

These are some exciting times for sure.  

[o48o]

Using the blockchain as cloud storage is not really scalable. NFT protocols don't actually store images directly and instead what you are paying for is proof that you own something that is outside of the blockchain. There's been some instances where people's NFTs disappeared from their wallet because Metamask couldn't connect to a third party API. As long as you are relying on centralized databases then their is no guarantee that your NFT will last forever.

Well technically you can store 8-bit-style low res portraits as a data in blockchain but storing high res images into blokchain is quite pointless.
And blockchains aren't build for that. They are just complex decentralized legders, preferably their L1 should be kept minimalistic as possible.

I believe Ordinals stores the whole content (data) of the NFT on the Bitcoin blockchain.
-cut-

I gave you merit for that information because i didn't have a clue. I guess i now understand better why bitcoiners were so angry that someone was clogging their blockchain. I need to read up more about this to form my own opinion. Thanks.

I agree....there's several Layer 2 solutions with their own layers of tech. I can envision some crazy utility with the nonfungible assets in the near future.

I play a TCG game called "Gods Unchained" that utilizes NFTs.  The cards are NFTs on IMX using the Starkware, Starknet tech.  The game's been thru several transitions since its launch in 2018 as blockchain tech advanced, but our cards (NFTs) have managed to transition well thru the different scaling layers. I have a little experience with NFTs, and I'm optimistic about their future.
These are some exciting times for sure.  

I was part of Gods unchained sale and even got few early bird bonuses for it. While it was highly profitable for me including all the airdrops i got from it, i really hated how the team seemed to be unresponsive and opaque about their issues and actions.

Game was developed so long and gaming experience far from the hearthstone it was fully plagiarized from. Something in my guts told me that they weren't telling everything, there were so many bugs that at one point i just sold everything and left. Their L2 solution was clever but it's nothing compared to matic for example. Their funding method is quite clever as they most likely don't ran out of money as long there are buyers, but how long is there going to be buyers for a game worse then hearthstone?

[zasad@]

This is a tweet from the Former Chief, SEC Office of Internet Enforcement
https://twitter.com/JohnReedStark/status/1682003068022292481
"The NFT Emperor Has No Clothes.

Hence, it is not at all surprising that an NFT of Jack Dorsey’s first Tweet is now essentially worthless.

A fractionalized link to a JPEG of a "bored ape" with funny glasses and a colorful hat is not a sound investment, sensible means of commerce or prudent pathway to live out the financial dream — and neither is the NFT of a Tweet, no matter who the author is. ..."

___
This person writes very literate thoughts, do not hesitate to read his entire tweet.

[gurunanakji777]

I haven't invested a single penny in NFTs so far. I still don't understand its use case. Sometimes, I've seen XYZ Art pieces' NFTs being sold for a high price, but we don't know if they will hold any value in the next 2 years. I don't have a positive opinion about NFTs. If someone owns their NFT, they will have control over it; it's not like anyone else can sell it as their own. However, I can't say much about this matter as I don't possess extensive technical knowledge about NFTs, but it remains uncertain whether their NFTs will retain any value in the long run.

[QueenVera]

Invention of NFTs is another great technology for crypto industry. It'll be helpful in many ways, verifying ownership is the most interesting matter to me. But useless NFTs are making this technology down and hamper its reputation. People are using it to scam people by selling scam things. NFTs data and processes still doesn’t seems secure to me, it Should need improvement, otherwise everyone will stop buying NFTs for being scam or being their assets lost. Although Potential NFTs always matter in crypto industry

Just like with every other trends that I have witnessed in my time in the cryptocurrency market, NFT will keep improving as the market gets more maturity. When defi started it wasn't as good as it's now, then we started with poor project and protocols but things has improved and that's how the NFT market will also improve, we'll grow pass just pictures.
NFT will be used for valuable things in the future.I believe NFT has a future because soon we'll be having real estate become a big deal in the metaverse and not just a hyped trend. Many things will be done in the metaverse and we might need NFT to get access to the metaverse. In the future one NFT can hold the pass to enter multiple metaverse and not just one.
NFT is going to be a part of the market from now on, developers will work on giving NFT more utility and it'll be accepted by the community when that's done. NFT was just hyped without any real utility and that's why  the hype die so soon but when the utility comes we'll see interest rates in NFT starts picking up again as people will want to be a part of it.

[cjmoles]

I agree....there's several Layer 2 solutions with their own layers of tech. I can envision some crazy utility with the nonfungible assets in the near future.

I play a TCG game called "Gods Unchained" that utilizes NFTs.  The cards are NFTs on IMX using the Starkware, Starknet tech.  The game's been thru several transitions since its launch in 2018 as blockchain tech advanced, but our cards (NFTs) have managed to transition well thru the different scaling layers. I have a little experience with NFTs, and I'm optimistic about their future.
These are some exciting times for sure.  

I was part of Gods unchained sale and even got few early bird bonuses for it. While it was highly profitable for me including all the airdrops i got from it, i really hated how the team seemed to be unresponsive and opaque about their issues and actions.

Game was developed so long and gaming experience far from the hearthstone it was fully plagiarized from. Something in my guts told me that they weren't telling everything, there were so many bugs that at one point i just sold everything and left. Their L2 solution was clever but it's nothing compared to matic for example. Their funding method is quite clever as they most likely don't ran out of money as long there are buyers, but how long is there going to be buyers for a game worse then hearthstone?

Yeah...in the beginning the development was sketchy.  They certainly took advantage of NFT hype and got out ahead of their skies.  They have several years worth of development under their belt now and have a whole new team, including Chris Clay, former Game Director for MTG: Arena. The difference between a game like Hearthstone and a game like Gods Unchained is the NFT, true ownership of game assets secured by a blockchain. In Hearthstone, the platform controls the cards....In Gods Unchained, the user owns the cards, and they can trade them on the decentralized markets, permissionlessly.

I'm not trying to endorse Gods Unchained, it's just an example of a usecase for NFTs other than goofy ape jpegs and pfps.  It's also a good example of how the various layers of abstraction add utility to the NFTs, while maintaining the same level of security, without bloating the main blockchain. Anyway, I'm just saying....I don't think NFTs are going away --> they're just becoming more utilitarian.  It's exciting stuff.

[Abiky]

Yeah...in the beginning the development was sketchy.  They certainly took advantage of NFT hype and got out ahead of their skies.  They have several years worth of development under their belt now and have a whole new team, including Chris Clay, former Game Director for MTG: Arena. The difference between a game like Hearthstone and a game like Gods Unchained is the NFT, true ownership of game assets secured by a blockchain. In Hearthstone, the platform controls the cards....In Gods Unchained, the user owns the cards, and they can trade them on the decentralized markets, permissionlessly.

I'm not trying to endorse Gods Unchained, it's just an example of a usecase for NFTs other than goofy ape jpegs and pfps.  It's also a good example of how the various layers of abstraction add utility to the NFTs, while maintaining the same level of security, without bloating the main blockchain. Anyway, I'm just saying....I don't think NFTs are going away --> they're just becoming more utilitarian.  It's exciting stuff.

Yes. NFTs are becoming more useful than speculative lately. I guess the industry is maturing faster than I've thought. The hype still isn't over yet, so we should expect some speculation in the time-being. With improvements being made in the ETH ecosystem, I don't think NFTs will disappear anytime soon. What needs to be dealt with is the long-term data preservation of an NFT. Centralized servers are not ideal for this kind of new trend. It's the anti-thesis of crypto/Blockchain tech's decentralization and censorship-resistance.

I hope developers make good use of decentralized CDNs like Arweave and IPFS for the good of the industry. Luckily, data from Bitcoin's Ordinals inscriptions are all stored on-chain. ETH, and other similar smart contract platforms need to do this without sacrificing scalability. The sky is the limit to how far NFTs will go. Who knows if buying prominent NFTs now will make you rich in the future? Just my thoughts

[Justin999]

Quite Interest thread. I have less knowledge about NFTs but i think this technology will be last forever. There are many more exciting things that can be done by the help of NFTs. Rather staking programme, using it in game to earn money and many more options are available. Although NFTs are full of shit and scammers now but real NFTs will be always in demand and will increase in time. So some real Product NFTs should buy if its  availvale cheap

[Wakate]

Quite Interest thread. I have less knowledge about NFTs but i think this technology will be last forever. There are many more exciting things that can be done by the help of NFTs. Rather staking programme, using it in game to earn money and many more options are available. Although NFTs are full of shit and scammers now but real NFTs will be always in demand and will increase in time. So some real Product NFTs should buy if its  availvale cheap

If cryptocurrency can last forever then I think NFT too will accompany that since it is based on the structure of cryptocurrency.
There are people that still think that there was no need to invest in cryptocurrency but till now there are still good NFT projects that are doing well in the market and now launching there own crypto coin built on different Blockchains. NFT is part of the cryptocurrency market and there is still hope for everyone that are in it to make money from it.
 I hope some good NFTs that I know that by the time the crypto market commence the bull run, it is going to be profitable for me and other people that are NFT freak.

[o48o]

Yeah...in the beginning the development was sketchy.  They certainly took advantage of NFT hype and got out ahead of their skies.  They have several years worth of development under their belt now and have a whole new team, including Chris Clay, former Game Director for MTG: Arena. The difference between a game like Hearthstone and a game like Gods Unchained is the NFT, true ownership of game assets secured by a blockchain. In Hearthstone, the platform controls the cards....In Gods Unchained, the user owns the cards, and they can trade them on the decentralized markets, permissionlessly.

I'm not trying to endorse Gods Unchained, it's just an example of a usecase for NFTs other than goofy ape jpegs and pfps.  It's also a good example of how the various layers of abstraction add utility to the NFTs, while maintaining the same level of security, without bloating the main blockchain. Anyway, I'm just saying....I don't think NFTs are going away --> they're just becoming more utilitarian.  It's exciting stuff.

I got excited of the Chris Clay as well. But i didn't see any impact, that could radically change anything. Maybe he managed to balance some things i didn't see.
And i agree that idea behing Gods Unchained was juicy. I spend so much money on those packs that at some point those cards were all the crypto i had. I just had to hope that i got to sell them in profit. At the day when they landed to market i managed to get some eth and i got myself a list of good cards in the game that i would buy if they were cheap enough, and i indeed got to flip some seriously good cards. That was a good day.

And after they introduced the new L2, i managed to sell even my cheap ones. It was a slow process but sort of fun.

And yeah, i definitely see an exciting future with NFTs

[SharonC]

one could always backup their NFT locally, i don't see any reason why they don't if the NFT worth some money but I generally always consider NFT not as investing, it doesn't even have that much liquidity for investing.

Totally agree! I Always saw NFT as a way to artists prove the ownership, nothing more. Cannot understand the hype around

[aseprebel]

one could always backup their NFT locally, i don't see any reason why they don't if the NFT worth some money but I generally always consider NFT not as investing, it doesn't even have that much liquidity for investing.

Totally agree! I Always saw NFT as a way to artists prove the ownership, nothing more. Cannot understand the hype around

Backing up NFTs locally is a sensible step to safeguard valuable digital assets, especially if the NFT holds significant financial value. By keeping backup copies in a secure location, you can mitigate the risk of losing access to the NFT due to technical issues or problematic platforms.

[tsaroz]

All of the NFTs you know and love today, have their data stored their on centralized servers (images, video, etc). What is only stored on the Blockchain is just the properties of the NFT itself. While you're basically the "owner" of the NFT, you could lose technically lose it if the centralized server hosting the content of the NFT goes down.

So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.

NFT as of known currently as some random picture that may or maynot have any value assigned to them and their price determined by the demand and supply won't last long. I don't even see much of its use as game assets or game freely traded game accessories. But they might exist on more business centric operation like proof of origin or supply chain involved. Non-fungible tokens could have a variety of uses as planned and demonstrated by many projects. Or something better we still are not aware of.

[Blitzboy]

Yeah...in the beginning the development was sketchy.  They certainly took advantage of NFT hype and got out ahead of their skies.  They have several years worth of development under their belt now and have a whole new team, including Chris Clay, former Game Director for MTG: Arena. The difference between a game like Hearthstone and a game like Gods Unchained is the NFT, true ownership of game assets secured by a blockchain. In Hearthstone, the platform controls the cards....In Gods Unchained, the user owns the cards, and they can trade them on the decentralized markets, permissionlessly.

I'm not trying to endorse Gods Unchained, it's just an example of a usecase for NFTs other than goofy ape jpegs and pfps.  It's also a good example of how the various layers of abstraction add utility to the NFTs, while maintaining the same level of security, without bloating the main blockchain. Anyway, I'm just saying....I don't think NFTs are going away --> they're just becoming more utilitarian.  It's exciting stuff.

Yes. NFTs are becoming more useful than speculative lately. I guess the industry is maturing faster than I've thought. The hype still isn't over yet, so we should expect some speculation in the time-being. With improvements being made in the ETH ecosystem, I don't think NFTs will disappear anytime soon. What needs to be dealt with is the long-term data preservation of an NFT. Centralized servers are not ideal for this kind of new trend. It's the anti-thesis of crypto/Blockchain tech's decentralization and censorship-resistance.

I hope developers make good use of decentralized CDNs like Arweave and IPFS for the good of the industry. Luckily, data from Bitcoin's Ordinals inscriptions are all stored on-chain. ETH, and other similar smart contract platforms need to do this without sacrificing scalability. The sky is the limit to how far NFTs will go. Who knows if buying prominent NFTs now will make you rich in the future? Just my thoughts

About the long-term data preservation of an NFT, which has to be ensured for the security of future potentialities in the growing landscape of crypto possibilities. Decentralized CDNs like Arweave and IPFS will, of course, play a vital role. Bitcoin's Ordinals inscriptions, being stored on-chain, are like a lighthouse guiding a ship that doesn't really exist but signifies a path.

ETH, and the like, need to do this without sacrificing... something, probably scalability. NFTs wont disappear. They will continue to be there, somewhere. Buying prominent NFTs now might indeed make one rich in the future, but one must also consider buying non-prominent ones as they might turn prominent later.

[Abiky]

Quite Interest thread. I have less knowledge about NFTs but i think this technology will be last forever. There are many more exciting things that can be done by the help of NFTs. Rather staking programme, using it in game to earn money and many more options are available. Although NFTs are full of shit and scammers now but real NFTs will be always in demand and will increase in time. So some real Product NFTs should buy if its  availvale cheap

The trend itself might last forever. As long as Blockchains exist, don't expect NFTs to go anywhere soon. What I'm deeply concerned about is the data of the NFT itself. Most of the data is stored on centralized servers, making the whole purpose of "owning" an NFT futile. You don't own something if you lose the contents of it.

If NFT creators made use of decentralized CDNs, things would've been much better. I guess they will do this when it's too late. For now, the NFT industry will remain speculative. Wait a few more years, and you'll see useful NFTs replacing overhyped ones. Who knows which NFTs will be able to truly stand the test of time? Just my thoughts

[Kraus4]

NFTs are really not a good investment, there is no future value they wont last forever.

[shinratensei_]

NFTs are really not a good investment, there is no future value they wont last forever.

simple statement but its its true, NFT so far hasn't really been a good investment most of it are just getting driven by current hypes and thats it, once it losing its popularity so does the value also lost.
i've seen so many NFT that was valued so high, even millions, now doesn't even have any value, no one is trying to bid for it, so basically its valueless since there is no liquidity despite the fact that the owner giving it high value, if there's no liquidity whats the use then, basically it has lost all of its value now turning into worthless NFT.
the NFT that could hold on for long I assume is those utilised heavily in gaming platform, but even then, the gaming platform itself hardly retaining any community left, let alone their NFT. its overall just really bad investment.

[Abiky]

simple statement but its its true, NFT so far hasn't really been a good investment most of it are just getting driven by current hypes and thats it, once it losing its popularity so does the value also lost.
i've seen so many NFT that was valued so high, even millions, now doesn't even have any value, no one is trying to bid for it, so basically its valueless since there is no liquidity despite the fact that the owner giving it high value, if there's no liquidity whats the use then, basically it has lost all of its value now turning into worthless NFT.
the NFT that could hold on for long I assume is those utilised heavily in gaming platform, but even then, the gaming platform itself hardly retaining any community left, let alone their NFT. its overall just really bad investment.

The tech is promising. But without real use cases, why would you want to invest into an NFT in the first place? For what I know, NFTs are nothing more than purely-speculative investments. They're only driven by hype. If developers started thinking "outside of the box", things would've been different by now. All they care about is making money in the least time possible.

At least, not all hope is lost. With big companies joining the game (eg: Coca Cola, Pringles, etc), it should only be a matter of time before NFTs become useful. Who knows if the trend will survive alongside RWAs (Real World Assets) for the forseeable future? Just my opinion

[Cling18]

simple statement but its its true, NFT so far hasn't really been a good investment most of it are just getting driven by current hypes and thats it, once it losing its popularity so does the value also lost.
i've seen so many NFT that was valued so high, even millions, now doesn't even have any value, no one is trying to bid for it, so basically its valueless since there is no liquidity despite the fact that the owner giving it high value, if there's no liquidity whats the use then, basically it has lost all of its value now turning into worthless NFT.
the NFT that could hold on for long I assume is those utilised heavily in gaming platform, but even then, the gaming platform itself hardly retaining any community left, let alone their NFT. its overall just really bad investment.

The tech is promising. But without real use cases, why would you want to invest into an NFT in the first place? For what I know, NFTs are nothing more than purely-speculative investments. They're only driven by hype. If developers started thinking "outside of the box", things would've been different by now. All they care about is making money in the least time possible.

At least, not all hope is lost. With big companies joining the game (eg: Coca Cola, Pringles, etc), it should only be a matter of time before NFTs become useful. Who knows if the trend will survive alongside RWAs (Real World Assets) for the forseeable future? Just my opinion

There are NFTs that are profitable and worth buying these says especially those who are getting huge support from huge companies but there are also lots of scam NFTs nowadays. Scammers are now using NFTs to fool investors and they usually make it attractive and look profitable to gain their trust which I think is getting really common nowadays.
That's why skepticism is really necessary so we won't fall for scammers' trap. There are really potential NFTs these days but we can't say that they could last forever. Maybe they are reliable investment yet there's still no assurance about the duration that they could last.

[Cryptoababe]

In my own opinion, NFT is gonna last forever. Although, people are yet to believe in it. But as time goes on, more people will go into NFT minting as people will want to be more decentralised. This will always make NFT more popular.

[rwishmila]

All of the NFTs you know and love today, have their data stored their on centralized servers (images, video, etc). What is only stored on the Blockchain is just the properties of the NFT itself. While you're basically the "owner" of the NFT, you could lose technically lose it if the centralized server hosting the content of the NFT goes down.

So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.

I always had questions about the usability and business value of NFTs. They all seem appealing at the beginning, yet the usage is either super limited or questionable. Imagine that you purchase an NFT that is super specific to a particular state of a game, how would you guarantee that the value would retain? It's a bit difficult to find reasons for me to invest in NFTs.

[@sriyan]

All of the NFTs you know and love today, have their data stored their on centralized servers (images, video, etc). What is only stored on the Blockchain is just the properties of the NFT itself. While you're basically the "owner" of the NFT, you could lose technically lose it if the centralized server hosting the content of the NFT goes down.

So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.

I always had questions about the usability and business value of NFTs. They all seem appealing at the beginning, yet the usage is either super limited or questionable. Imagine that you purchase an NFT that is super specific to a particular state of a game, how would you guarantee that the value would retain? It's a bit difficult to find reasons for me to invest in NFTs.

One of the problem is the liquidity and the prices. You can handle that problem using fractionalization. You can buy the part of the NFT to handle the prices. Also when you sell it, you will receive the part of profit.

[fzkto]

NFTs is simply know as Non Fungible Token's which deal with digital arts works like images that one can buy or sell NFTs digital assets online image's and demand is always high in the cryptocurrency industries and NFTs has come to stay as long cryptocurrency still keep exist in the ecosystem.

Another question is whether nfts will be in demand in the future. We all know that blockchain and the information in it will remain forever, but who will use this information? The nft hype has passed and now almost all of these tokens have been devalued. So people lost money and now there is almost no trust in such projects.

[Abiky]

In my own opinion, NFT is gonna last forever. Although, people are yet to believe in it. But as time goes on, more people will go into NFT minting as people will want to be more decentralised. This will always make NFT more popular.

The trend will last forever. But most NFTs you see right now, could disappear in the future as they don't bring any real value to our society. We could say the NFT market is still speculative, despite the fact that serious companies are getting into the game. I'm hopeful things will improve in the future as serious projects replace worthless ones. Developers need to make use of decentralized technologies to help preserve their own creation.

With content stored on decentralized CDNs such as IPFS or Arweave, NFTs could last forever. Relying on centralized servers and TLDs, greatly defeats crypto/Blockchain tech's original purpose. Who knows if developers will be forced to switch to decentralized alternatives after such a hostile regulatory environment? Just my opinion

[Biznesmen]

NFT's are a good earning platform, but recently Instagram backed off on their NFT's, and the markets also crashed, and there's been a lot of low trust in them because there were many scams. So it's probably another dead trend—probably not forever, but at least for now. From what I know, you will have to find a coin with a $5 million near-market cap or find a good NFT to start doubling your money. or, if you have time, without investing or spending it, you can use that money to airdrop farming. My experience with crypto trading is pathetic. However, I make money from NFT trading, airdrop farming, and working in DAOs (Crypto native companies). The strategy that works for me is value investing in capital and time.

[DaNNy001]

NFTs is simply know as Non Fungible Token's which deal with digital arts works like images that one can buy or sell NFTs digital assets online image's and demand is always high in the cryptocurrency industries and NFTs has come to stay as long cryptocurrency still keep exist in the ecosystem.

Another question is whether nfts will be in demand in the future. We all know that blockchain and the information in it will remain forever, but who will use this information? The nft hype has passed and now almost all of these tokens have been devalued. So people lost money and now there is almost no trust in such projects.

I wouldn't say all that devalued because people are still making the most out of their NFT, I know the adoption and it's craving has reduced but that doesn't mean that nft worth as lost it's value because I still believe some folks are still having some nft in their possession and many more are still making purchase of it to a certain level that's one can say nft are still very much active in the market but just isn't as few years back.

[btc78]

NFTs is simply know as Non Fungible Token's which deal with digital arts works like images that one can buy or sell NFTs digital assets online image's and demand is always high in the cryptocurrency industries and NFTs has come to stay as long cryptocurrency still keep exist in the ecosystem.

Another question is whether nfts will be in demand in the future. We all know that blockchain and the information in it will remain forever, but who will use this information? The nft hype has passed and now almost all of these tokens have been devalued. So people lost money and now there is almost no trust in such projects.

I wouldn't say all that devalued because people are still making the most out of their NFT, I know the adoption and it's craving has reduced but that doesn't mean that nft worth as lost it's value because I still believe some folks are still having some nft in their possession and many more are still making purchase of it to a certain level that's one can say nft are still very much active in the market but just isn't as few years back.

it looks like nfts has tumbled a bit but according to data from this article (https://fintechmagazine.com/articles/in-depth-do-nfts-have-a-future#) nfts might stay here for quite awhile
nfts have a lot of purposes and a lot of different kinds of people have access to nfts there are traders and the artists so it might look like nfts are not of great value right now but i believe it will stick in the long run

[devil-soul]

Unfortunately, it is true that most information about NFTs is on centralized servers, not on the blockchain, so one day we could lose all the information, however, NFTs remain a good investment even if they are high risk.

[batang_bitcoin]

it looks like nfts has tumbled a bit but according to data from this article (https://fintechmagazine.com/articles/in-depth-do-nfts-have-a-future#) nfts might stay here for quite awhile

They didn't stumbled a bit but they actually have fallen and there seems to be no coming back for the majority of them. Even the Bored Ape NFTs have fell greatly.

nfts have a lot of purposes and a lot of different kinds of people have access to nfts there are traders and the artists so it might look like nfts are not of great value right now but i believe it will stick in the long run

Usually, they should just for those type of use like arts and those stuff. But the makers of it have made it as if they're for all applications and I think it has got too much from there. Yeah, they can last forever but what will be the value? memorabilia?

[masulum]

Usually, they should just for those type of use like arts and those stuff. But the makers of it have made it as if they're for all applications and I think it has got too much from there. Yeah, they can last forever but what will be the value? memorabilia?

There are several points that make NFT have value.
1. Art value (this usually applies to NFTs backed by physical art, photography).
2. Utility value (this is usually found in special NFTs such as NFT Pass (hold the NFT to join the service)).
3. Artist, this is still related to point 1, who made the NFT, and its value will increase because the NFT was created by someone who is an expert in making digital and physical art.
4. Earning, I don't think this needs to be explained. You definitely understand this point.

Even though NFT memes seem to have no value, most of these memes are used as NFT Passes or earn a tokens. However, not all NFTs have value like this, a lot of NFTs are generally the same as meme tokens or sh*t token/coins, which have no utility and are then simply abandoned, so the holder doesn't get anything.

NFA/DYOR/DWYOR

[batang_bitcoin]

Usually, they should just for those type of use like arts and those stuff. But the makers of it have made it as if they're for all applications and I think it has got too much from there. Yeah, they can last forever but what will be the value? memorabilia?

There are several points that make NFT have value.
1. Art value (this usually applies to NFTs backed by physical art, photography).
2. Utility value (this is usually found in special NFTs such as NFT Pass (hold the NFT to join the service)).
3. Artist, this is still related to point 1, who made the NFT, and its value will increase because the NFT was created by someone who is an expert in making digital and physical art.
4. Earning, I don't think this needs to be explained. You definitely understand this point.

No doubt with those art values that have been minted as a limited edition and it's gonna be more valuable if they're from a world renowned artist.

Even though NFT memes seem to have no value, most of these memes are used as NFT Passes or earn a tokens. However, not all NFTs have value like this, a lot of NFTs are generally the same as meme tokens or sh*t token/coins, which have no utility and are then simply abandoned, so the holder doesn't get anything.

NFA/DYOR/DWYOR

Yeah, you're right. I have seen people boasts their profits having those type of NFT memes that have earned them a token and traded it and made money out of it.

[Mame89]

NFTs are really not a good investment, there is no future value they wont last forever.

Of course this is not a good investment, especially for the future. Because this investment only relies on hype, when there is no more hype it will just become a display, start to be abandoned, and start to be worthless.

This is similar to the phenomenon of the love wave plant. Initially, when it was hype, for some reason people dared to buy and sell it for millions to tens of millions, but when there were more and more "players" and "owners" of the plant, the price dropped, and it returned to being an ordinary plant. especially with the increase in new hype trends, just as NFTs will return to being ordinary images that have no price.

[Ben Barubal]

You are right that NFT content is usually stored on centralized servers, and if those servers go down, the content can be lost. However, thanks to blockchain technology, NFTs have a number of advantages over other forms of digital assets.
First, the blockchain is a decentralized and trusted technology that guarantees the safety of NFT properties such as ownership, authorship, and transaction history. This means that even if the centralized content server is lost, you can still prove your NFT ownership and sell it to other buyers.
Secondly, there are various projects and platforms that are working to solve the NFT content storage problem. Some of them use decentralized storage networks such as IPFS (InterPlanetary File System) or Arweave to store NFT content. These technologies make it possible to distribute copies of content across multiple nodes in a network, which ensures a higher level of content preservation.
Finally, many NFT creators also take care of the safety of their creations and provide access to original content or copies of it for NFT buyers.

  I'm not a fan of NFT, but I think from what you said, you should do some research first. You don't seem to know what you're talking about, and you're joining the discussion here without really knowing what's being discussed in this section. Sorry, but I'm just real.

  I think you also know somehow that we can not only store NFT's on centralized servers, but instead we can also store them on decentralized ones, right? In addition to this, do you also know that there are pros and cons to storing NFT on centralized and decentralized servers that we are talking about here? though what you just said is true anyway.

[wallet4bitcoin]

I understand clearly the importance and concept of NFT in the Blockchain space but I believe it has been bastardised to a point. There seem to be no much value in the NFT space as people have abused the use of NFT.

Anyone just comes up with the title of NFT and attaches little or no value to it, backed by nothing, without any history and then they want people to spend millions of dollar buying them.

There are also people who have real good value for their NFTs but the cluster of ingenuity and zero-value in that sector has strangled those who truly have purposes for NFT, this leaves me with a conclusion, I don't think NFT can last forever until it has some form of regulation.

[albon]

I understand clearly the importance and concept of NFT in the Blockchain space but I believe it has been bastardised to a point. There seem to be no much value in the NFT space as people have abused the use of NFT.
There are also people who have real good value for their NFTs but the cluster of ingenuity and zero-value in that sector has strangled those who truly have purposes for NFT, this leaves me with a conclusion, I don't think NFT can last forever until it has some form of regulation.

I agree that if regulation is established for NFT projects and collections, this will create a good and secure environment for investors who prefer to own these NFTs. If standard conditions are applied to the creators of these NFTs, there will be a select few who will be able to showcase their collections on OpenSea and other NFT market platforms after meeting these conditions.

The NFT industry has recently witnessed many scam projects, especially meme coins projects, that have not offered any innovative or rare content for NFT collections, which could benefit their owners in the future. In addition, many other collections include NFT images with phishing links, deceiving investors into thinking they can stake these NFTs on this phishing site included in the NFT image they own. This field requires extensive research, but it does not mean that all projects are not good. Many projects have contributed to the growth of the NFT industry and utilized this new technology to keep up with their innovations and provide benefits to their communities without abusing the use of NFTs.

[oktana]

I see a lot of comment against NFTs and what I can say is that it isn't so different from the physical art we see. There are artworks in real life that are sold for millions of dollars, so, in the same way, someone can count their money and pay for that, it shouldn't be surprising if people do it in the digital space. Personally, I have never bought an NFT and I will not buy it because I don't see how authentic it is when screenshotting takes less than 3 seconds. Unless there is a way for the NFT to be only useable by the owner, I do not see the essence of not simply screenshotting it away from the real owner. But let us also remember that some people buy NFTs just to flaunt wealth and take pride it in, so it is more than just the art.

[Abiky]

Unfortunately, it is true that most information about NFTs is on centralized servers, not on the blockchain, so one day we could lose all the information, however, NFTs remain a good investment even if they are high risk.

NFTs on the ETH blockchain are non-persistent. But it's a completely different story with Bitcoin Ordinals. I guess that's why these kinds of NFTs have risen in popularity lately. Who wants an NFT whose content can easily fade overnight? When you use Ordinals, you can rest assured the data of the NFT itself is stored on the BTC blockchain itself. If only NFT creators on the ETH blockchain did the same, the trend would no longer be a passing fad.

Considering that the whole NFTs space is driven by speculation, you could either win big or lose it all in an instant. Only time will tell us the fate of NFTs. As long as you don't invest more than what you can't afford to lose, there should be nothing to worry about. Just my opinion

[DeathAngel]

In general, I see all NFTs as a scam  I have never bought and probably will not buy NFT!

Yeah they are a passing craze in my opinion. I do not expect them to have as big a run up & FOMO period as we saw previously in 2020 & 2021. People will continue to buy them, some may even make good profits but overall they have zero utility & real world use. I would steer well clear of them, they are not a viable long term investment.

[masulum]

No doubt with those art values that have been minted as a limited edition and it's gonna be more valuable if they're from a world renowned artist.

Yeah, you're right. I have seen people boasts their profits having those type of NFT memes that have earned them a token and traded it and made money out of it.

Art is an important thing to consider before buying, don't focus on the hype. This is if we are just a prospective NFT holder. Sometimes, hype traps us into purchases that are expected to have utility but there is only just a paper without any execution. So it's best to focus on NFTs that have artistic value and were created by real artists. I have bought NFTs several times focusing on the hype (degen play), but the results were not like the hype on the tokens, and more were not profitable a.k.a NFT scams.

Earned NFT might be the right choice, as long as development continues, there is still hope, at least, if you hold the NFT you can still make a profit, apart from being able to sell the NFT itself you also get profit from generated token.

[Belarge]

In general, I see all NFTs as a scam  I have never bought and probably will not buy NFT!

Cryptocurrency is risky, everyone that's into the space already knows that and also aware of the dangers forthcoming to faced when these projects fall short to bearish season. NFT is a scam? Ofcourse not, even though I'm not into NFT but there are educated and acquainted sets of individuals who broadly understands the in and out of these space and have made massive projects from the system. Not everyone picks interest in Non-Fungible Tokens in the system, though there are specified number of traders that anticipates in NFT projects and they're making quite reasonable amounts.

[AakZaki]

Of course this is not a good investment, especially for the future. Because this investment only relies on hype, when there is no more hype it will just become a display, start to be abandoned, and start to be worthless.

This is similar to the phenomenon of the love wave plant. Initially, when it was hype, for some reason people dared to buy and sell it for millions to tens of millions, but when there were more and more "players" and "owners" of the plant, the price dropped, and it returned to being an ordinary plant. especially with the increase in new hype trends, just as NFTs will return to being ordinary images that have no price.

Never followed the NFT price craze until now, because I was too afraid to buy images from hundreds of dollars or even hundreds of thousands of dollars, it seemed crazy to me.
and when the NFT hype has ended like now then how much loss will there be for those who are still holding the NFT. Of course it is quite painful, it is difficult to rise to the previous highest price if the NFT has no utility. It will only be a display image in a digital wallet.

[Publictalk792]

It is true that the content associated with NFTs is typically stored on centralized servers the properties of the NFT itself are stored on the blockchain.
Some platforms are exploring decentralized storage options where the content associated with NFTs is stored on a distributed network of computers. These decentralized storage solutions aim to provide greater security and permanence for NFTs.
But these Bitcoin and others Altcoins or NFTs are working because of Technology. If Technology is here so they are working. If there will be WW3 so after that the Technology will go down. So we can't say anything. How much the will live.

[Zigabel]

The phrase "Nothing lasts forever" applies to everything, in as much as they may look very promising and sound like a very promising business and investment, they actually can't last for ever, tho they may stay over a long period of time and may be ideal for future investment, they still wouldn't last forever due to advancements and other factors that may surround them.

[Abiky]

It is true that the content associated with NFTs is typically stored on centralized servers the properties of the NFT itself are stored on the blockchain.
Some platforms are exploring decentralized storage options where the content associated with NFTs is stored on a distributed network of computers. These decentralized storage solutions aim to provide greater security and permanence for NFTs.
But these Bitcoin and others Altcoins or NFTs are working because of Technology. If Technology is here so they are working. If there will be WW3 so after that the Technology will go down. So we can't say anything. How much the will live.

WW3? What are you talking about? If there's a third world war, I seriously doubt BTC and other coins will take off. And NFTs will be completely out of the picture. But if you mean Web 3.0, then I'd say it still has a future. There's room for improvement to make NFTs (a part of Web 3.0) a "force to reckon with". It's just that developers are too lazy to do anything about it. Most of them only want to make a quick buck, leaving decentralization and immutability behind in the dust.

The tech is already there to make NFTs last forever. But the fact is that around 90% of NFTs are hosted on centralized servers. People will eventually lose their NFTs as creators/developers close up shop or move onto the next big thing in crypto. You can already see most NFTs are worthless these days. What you only get is the proof of ownership on the Blockchain. It will say you "own" the NFT, but the content/data will fade away into oblivion. At least, that's the case with the Ethereum blockchain these days. Bitcoin's Ordinals are the complete opposite of this. But it comes at a downside of higher fees and slower confirmation times. As they always say, "you get what you pay for". Maybe there's hope for the NFT industry after all?

[Bushdark]

The phrase "Nothing lasts forever" applies to everything, in as much as they may look very promising and sound like a very promising business and investment, they actually can't last for ever, tho they may stay over a long period of time and may be ideal for future investment, they still wouldn't last forever due to advancements and other factors that may surround them.

I think there is need for op to understand that nothing last forever even in the Crypto sphere. I just we have seen in this recent time when banking are going bankrupt with nothing left after customers start cashing out there funds from the bank. It is very important for people to know that the NFT market is huge but there are some certain projects that might not make it to anywhere after long time being in the market. Most project become rug pulled after the team had tried enough effort to send the project to the moon but it looksike there effort is not making any sense.

[jrrsparkles]

The tech is already there to make NFTs last forever. But the fact is that around 90% of NFTs are hosted on centralized servers. People will eventually lose their NFTs as creators/developers close up shop or move onto the next big thing in crypto. You can already see most NFTs are worthless these days. What you only get is the proof of ownership on the Blockchain. It will say you "own" the NFT, but the content/data will fade away into oblivion. At least, that's the case with the Ethereum blockchain these days. Bitcoin's Ordinals are the complete opposite of this. But it comes at a downside of higher fees and slower confirmation times. As they always say, "you get what you pay for". Maybe there's hope for the NFT industry after all?

The technology behind NFT is somewhat revolutionary compared to the shitcoins created all these years simply trying to replicate Bitcoin and other successful cryptos in one or another way.

But the hype around NFT is created by influencers which acted exactly as a bubble and it popped a long way back so all these projects became shit now and personally I don't feel there is any room for improvement to the technology from this point.

[Ben Barubal]

I understand clearly the importance and concept of NFT in the Blockchain space but I believe it has been bastardised to a point. There seem to be no much value in the NFT space as people have abused the use of NFT.

Anyone just comes up with the title of NFT and attaches little or no value to it, backed by nothing, without any history and then they want people to spend millions of dollar buying them.

There are also people who have real good value for their NFTs but the cluster of ingenuity and zero-value in that sector has strangled those who truly have purposes for NFT, this leaves me with a conclusion, I don't think NFT can last forever until it has some form of regulation.

  NFTs are not the only ones being abused by exploitative people who enter the field of the crypto space. Even other cryptocurrencies
and Bitcoin too, right?

  Now, in my opinion as well, as long as Bitcoin exists, NFT will not disappear, following other cryptocurrencies too for sure. Because if
the NFT were to disappear, it would have disappeared long ago. Haven't you noticed that no matter how much they say that NFT is bad,
it still remains in the crypto space? So, that's where you should wonder and think about that too

[Kensure]

NFT's may not last forever but digital art will.

[redsun114]

I see a lot of comment against NFTs and what I can say is that it isn't so different from the physical art we see. There are artworks in real life that are sold for millions of dollars, so, in the same way, someone can count their money and pay for that, it shouldn't be surprising if people do it in the digital space. Personally, I have never bought an NFT and I will not buy it because I don't see how authentic it is when screenshotting takes less than 3 seconds. Unless there is a way for the NFT to be only useable by the owner, I do not see the essence of not simply screenshotting it away from the real owner. But let us also remember that some people buy NFTs just to flaunt wealth and take pride it in, so it is more than just the art.

So if it's not different from the physical art then why so many people are against with it? And I see that even you, also doubt it because you think they are just a plain image or anyone can screenshot and stole it. For some unauthentic NFT's maybe, but the legit NFT's are hard to imitate or tampered. This is why there are still a demand for them.

NFT's are more than the physical arts which are mostly used for sightseeing or displaying purposes only but some NFT's works like a pass or key to access a special content. There is more than just flaunting wealth here in NFT's but some also use it to launder money. This is why it was also controversial.

[Sophokles]

If you are concerned about the data storage NFT's are using then technically it can be removed from the server. All these servers are centralized so after a few years they clean up old data That's why URLs from 10 years ago won't work any more. This is the reason some projects like Arweave and Filecoin work with decentralized data storage where you can store your data forever with one time storage fees. Even another popular blockchain project ICP is also working on the solution and they are doing better than the above two. I think this sector will have a high demand in the future when lots of DEX need to shut down or change their business model due to regulatory compliance. Most of the project will look for a decentralized storage solution.

[mich]

Well I did think all these people wanting NFTs was over. But now Disney company has partnered with Dapper Labs to to launch Disney Pinnacle.

It will be a digital pin collecting and trading platform. So when we think they will not last forever here comes Disney to try it again.

https://www.theverge.com/2023/11/14/23960535/disney-pinnacle-nft-dapper-labs-pin-collecting

[JayTrain]

I think as long as the blockchain works, then NFTs will always exist.  Also, the hype is not as bright as before, but there are still cool NFT collections that cost a lot of money and many people like it, but art should not interfere with speculation and fraud in this area.

[atamism]

NFT's may not last forever but digital art will.

Agreed, NFT may not last, but digital arts will last. Artists these days explores and I am really want to explore digital arts and really want to learn more about it. Maybe, this is the time I will start at least little by little.

Also, as long as there are people who support NFT it will last. I hope future generation will consider to adopt cryptocurrencies. The hype of NFT is not like before it started. Still lot of people are still into NFT and they know how to work with it.

[Marvelman]

NFTs ain't going nowhere, but all this hype around them probably gonna die down eventually.  They got folks all excited now, but that new car smell gonna wear off after a while once people figure out what's really good and  it's like anything new that pops off - mad hype at first that kinda balances out later.  But hey, even with less noise looks like plenty folks see some value in NFTs and are learning how to work that space.  As long as they find their lane, NFTs can stick around. 

Overall I'd say NFTs here to stay in some form, but won't always be blowing up the internet like now.  Things change.  But for real some of them NFTs is straight up jokes.  People paying for that? Come on now.  Anyway, point is itll mellow out but still got utility if you know how to use it right.  Crypto gang gonna keep doing they thing either way.

[kevinzxz]

In general, I see all NFTs as a scam   I have never bought and probably will not buy NFT!

I agree with you, because in my opinion NFT is just a ponzi scheme and has no function, so of course NFT is not very good as an investment, therefore I agree with you that NFT is a scam and not suitable for investment, so I myself have never been interested to investing in NFT and I prefer to invest in meme coin rather than investing in NFT.

[slashz9]

All of the NFTs you know and love today, have their data stored their on centralized servers (images, video, etc). What is only stored on the Blockchain is just the properties of the NFT itself. While you're basically the "owner" of the NFT, you could lose technically lose it if the centralized server hosting the content of the NFT goes down.

So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.

I think whether it survives or not depends on the people who buy it, basically all concepts of goods are valuable if we consider them valuable, so if NFTs are still considered valuable then they will survive no matter what fluctuations occur.

[Bushdark]

In general, I see all NFTs as a scam   I have never bought and probably will not buy NFT!

I agree with you, because in my opinion NFT is just a ponzi scheme and has no function, so of course NFT is not very good as an investment, therefore I agree with you that NFT is a scam and not suitable for investment, so I myself have never been interested to investing in NFT and I prefer to invest in meme coin rather than investing in NFT.

NFT is not a Ponzi scheme dude. There are different NFT projects just like we have coin projects too that many do end up in scam.
NFT can be very profitable if we invest in good NFT projects with a very good community and tesm supporting it with good liquidity.
Marketing and hypes is one of the ways many NFT and coin projects use to promote their community so that they will have large community supporting. Any decisions we are making investing in the crypto market is always risky so we must be ready to invest what we know we can afford to lose.

[anhxin1874]

I don't believe in the potential of NFTs. What needs attention is the metaverse industry; NFTs can only gain some value if the metaverse industry develops first.

[mich]

Well now the National Hockey League has launched the 'NHL Breakaway'. It will let fans trade their favorite digital collectibles.

And even Dappgambl has said 95% of NFTs are worth nothing. https://www.nhl.com/news/digital-collectibles-platform-nhl-breakaway-launches   

[Abiky]

NFTs ain't going nowhere, but all this hype around them probably gonna die down eventually.  They got folks all excited now, but that new car smell gonna wear off after a while once people figure out what's really good and  it's like anything new that pops off - mad hype at first that kinda balances out later.  But hey, even with less noise looks like plenty folks see some value in NFTs and are learning how to work that space.  As long as they find their lane, NFTs can stick around. 

Overall I'd say NFTs here to stay in some form, but won't always be blowing up the internet like now.  Things change.  But for real some of them NFTs is straight up jokes.  People paying for that? Come on now.  Anyway, point is itll mellow out but still got utility if you know how to use it right.  Crypto gang gonna keep doing they thing either way.

I can tell the hype is dying by looking at the market. NFT sales have declined considerably over the course of the year. We don't see JPEGs (images copied from the Internet), gaining traction anymore. A good thing, because those kinds of NFTs were complete garbage. Now there's a lot of buzz surrounding Bitcoin Ordinals. These NFTs are congesting the BTC blockchain as we speak (resulting in higher fees than usual). Even Polygon is seeing a surge in gas fees because of the Ordinals hype. Without real utility, I think this will eventually fade away into oblivion.

If NFTs are here to stay, developers are going to need to make some improvements. An NFT whose content is stored on a centralized server can easily disappear in an instant. Creators need to use a decentralized data store (IPFS, Arweave, etc) to truly make NFTs persistent. This is only an issue for ETH and similar blockchains. With Bitcoin, Ordinals stores the data on-chain (someone correct me if I'm wrong). But this comes at a cost of increased network bloat/congestion. The NFT industry is just starting to blossom, so I'd give it more time to mature to see what happens. Who knows what the future will bring?

[Obim34]

It's just as if your asking if Artist and Thier Artworks will last forever. As long as there are Artist or possible AI technology NFTs will remain. However, I can't predict what would be the faith of NFTs in the next decades or more, but I think NFTs might become more widely accepted and hopefully less about speculation. Personally, I've used NFTs to sell my art. When I gained admission in college and needed some money to support myself. This situation pushed me to concentrate more on digital art, at least for some time. I've seen others use NFTs for music, real estate, in-game stuff, and even physical items, serving as proof of authenticity. Although the hyoe and everything is calm but people still spend more buying NFTs.

[Sayeds56]

All of the NFTs you know and love today, have their data stored their on centralized servers (images, video, etc). What is only stored on the Blockchain is just the properties of the NFT itself. While you're basically the "owner" of the NFT, you could lose technically lose it if the centralized server hosting the content of the NFT goes down.

So, what's the point of investing in NFTs if they can disappear in an instant? Unless all of the content is stored on the Blockchain itself, I don't see how NFTs will be able to last forever. Are there already solutions in the works that I'm not aware of? Please enlighten me on this. Your input will be greatly appreciated. Thank you.

I completely agree with your perspective that NFT markets are not so lucrative as it was perceived. I personally purchased many NFTs  and received some as reward. But unfortunately there were no buyers and the investment ended up in loss. The fundametal purpose of creating NFTs, centered around digital art and in developing countries where people work all the day to provide basic needs to their families, hence buying digital art is not their priority.

The promoters of NFT sector have been making efforts to link some kind of use case with NFTs but so fat there is not any notable success and trading vomues of major NFT platform such as opensea.io are showing gradual decline, indicating challenging situation for this sector.

[Bushdark]

In general, I see all NFTs as a scam   I have never bought and probably will not buy NFT!

I agree with you, because in my opinion NFT is just a ponzi scheme and has no function, so of course NFT is not very good as an investment, therefore I agree with you that NFT is a scam and not suitable for investment, so I myself have never been interested to investing in NFT and I prefer to invest in meme coin rather than investing in NFT.

We shouldn't be looking at if NFT would last forever just like we all know that nothing last forever. We should invest in NFT for the profits not for fun. When we noticed that there are some certain NFT we are sure of crashin anytime, it is good for us to remove our money and put it in other projects so that we can make money also from the ones that are trending currently. The cryptocurrency market has different aspects we can invest our funds and should not just stick on just one aspects.

[Velemir Sava]

It's just as if your asking if Artist and Thier Artworks will last forever. As long as there are Artist or possible AI technology NFTs will remain. However, I can't predict what would be the faith of NFTs in the next decades or more, but I think NFTs might become more widely accepted and hopefully less about speculation. Personally, I've used NFTs to sell my art. When I gained admission in college and needed some money to support myself. This situation pushed me to concentrate more on digital art, at least for some time. I've seen others use NFTs for music, real estate, in-game stuff, and even physical items, serving as proof of authenticity. Although the hyoe and everything is calm but people still spend more buying NFTs.

I'm completely confused about this NFT market. Previously it was very bright and was most often discussed in forums regarding its future potential and now it seems to be slowly fading. but if you read this the NFT market is not a decline, but rather the initial stage of the second major cycle, which is lagging behind the crypto market as a whole. source https://coinmarketcap.com/academy/id/article/2023-nft-market-analysis:-an-insider-look will it come true. Still confused.

[barhavsky]

In general, I see all NFTs as a scam  I have never bought and probably will not buy NFT!

I agree with your opinion, because NFT have no function, so there is no profit in buying NFT, therefore I will never buy NFT and I'm not interested in NFT, because I already know that NFT will not last long and of course only it will make my money disappear, so I will never invest in NFT ever, even though in the future NFT might be hype again, but I still won't be interested to investing in NFT.

[Andrija Branislav]

In general, I see all NFTs as a scam   I have never bought and probably will not buy NFT!

I agree with you, because in my opinion NFT is just a ponzi scheme and has no function, so of course NFT is not very good as an investment, therefore I agree with you that NFT is a scam and not suitable for investment, so I myself have never been interested to investing in NFT and I prefer to invest in meme coin rather than investing in NFT.

There are reasonable grounds for not believing that NFTs or industry opportunities may fail. Well, if we talk about possibilities, yes. when will it bounce back, if market sentiment, current news and investor confidence recover, then the world of NFTs will become vibrant again and become the norm.

Another reason is that hype and trend cycles in new technologies are often followed by a period of adjustment as consumers and investors begin to understand the technology. .

[feisar]

Hi guys, I have been reading the opinions here and many of these are interesting. Nfts are not only useful for gaming, these are mainly for collectors and in the future it will have other uses. Some people said earlier that it is too late to deal with nfts because they are outdated and out of fashion. Well, as long as there are collectors there will be nfts! When the collectors disappear, so will the nfts

I agree with those who have a positive approach and are optimistic about the future. Quite rightly someone have said that nowadays everything has become digital and this is true, especially in the field of art. Some others wrote in another thread that nfts are a scam and a ponzi scheme, these are completely ridiculous opinions. Someone wrote above that we should see them for the purpose of profit, I think this is wrong, the real collector is interested in the beauty that art offers him, he puts his taste above profit. It's not everything about earning!
Personally, my experience is not great, I have been dealing with nfts for 2 years, while in the last year I have been making my own as a creator, choosing the enjin and matic because of low fees. In addition, the enjin has the advantage of free beams. By the way, I quote my accounts:
https://nft.io/collection/fantasy/assets
https://opensea.io/collection/djlef-fantasy
I have collected over 2,000 assets so far (bought or droped) and haven't sold a single one yet! I don't know if I will ever need to sell, however for now I enjoy my collection and the joy of exchanging my dublicates to enrich. This is the philosophy of a true collector. The collector will pay dearly for a nft that he likes and absolutely wants! He will make many trips to find, e.g. a painting or a piece of art to acquire. Not everyone can understand this.

So in conclusion, just as blockchain technology is not only for cryptocurrencies, so also the technology of nfts can find application in other uses (music, tickets, receipts, personal documents, etc.). The only problem is that nfts are still unknown to most of the world, but when cryptocurrencies spread and prevail on the planet, then nfts will also experience glory days. Today about 1% of the world's population is involved in cryptocurrencies. Can we imagine what will happen when 50% is engaged? It is certain that when the youth get to know them, they will love them. In any case, it is still a new space and we cannot imagine what will happen when it matures and evolves this magic world...

[nutildah]

I have collected over 2,000 assets so far (bought or droped) and haven't sold a single one yet! I don't know if I will ever need to sell, however for now I enjoy my collection and the joy of exchanging my dublicates to enrich. This is the philosophy of a true collector. The collector will pay dearly for a nft that he likes and absolutely wants! He will make many trips to find, e.g. a painting or a piece of art to acquire. Not everyone can understand this.

I think you're spot on here. Much as cryptocurrency is to money, NFTs are a digital version of a physical thing -- in this case, mostly collectibles. But they can be used for so much more: as tickets to events, access to special Discord servers or websites, game items (characters, skins, resources, etc.), and can be redeemable for physical goods.

The only problem is that nfts are still unknown to most of the world, but when cryptocurrencies spread and prevail on the planet, then nfts will also experience glory days. Today about 1% of the world's population is involved in cryptocurrencies. Can we imagine what will happen when 50% is engaged?

I'm also of this philosophy as the world is definitely headed in a digital direction. Much of our lives are transforming from physical to digital... its just part of the course of technological evolution. In this thread I outline the rationale behind the "Historical NFT" movement, where people are now into collecting old tokens and various blockchain knick-knacks on different chains, much as collectors like old, rare, scarce sports cards:

The Historical NFT Speculation & Appreciation Thread

Some of these early NFTs, like CryptoPunks & Rare Pepes, regularly go for hundreds of thousands of dollars. But there's still a lot of interesting old stuff out there that is cheap and have yet to really be unearthed by the next generation of collectors, which is inevitably on its way.

[Belarge]

We shouldn't be looking at if NFT would last forever just like we all know that nothing last forever. We should invest in NFT for the profits not for fun. When we noticed that there are some certain NFT we are sure of crashin anytime, it is good for us to remove our money and put it in other projects so that we can make money also from the ones that are trending currently. The cryptocurrency market has different aspects we can invest our funds and should not just stick on just one aspects.

Sticking to one projects, not advisable but doing the needful by ensuring we invest in prominent projects and gaining good records is beneficial. Cryptocurrency, we know how volatile these crypto projects are and we just have to do what's necessary if we want to continue our existence in the market. Non-Fungible Tokens are likely to crash during the bear season because the bear season do affects them in all rounds, it takes only a solid NFT to survived the bear season and still counts on skyrocketing to the moon without facing a slight difficulty in pumps.

[samuraijin]

In general, I see all NFTs as a scam   I have never bought and probably will not buy NFT!

I agree with you, because in my opinion NFT is just a ponzi scheme and has no function, so of course NFT is not very good as an investment, therefore I agree with you that NFT is a scam and not suitable for investment, so I myself have never been interested to investing in NFT and I prefer to invest in meme coin rather than investing in NFT.

Likewise, from the beginning of the presence of NFTs, I was not at all interested in the popularity of NFTs among the public, especially big investors and several top artists who were not spared by the presence of NFTs, many people were throwing their money into NFT investments which in my opinion This is a seasonal thing that can just disappear at any time without people realizing that they are being used by some big people to buy NFTs which in fact have no impact whatsoever on your needs in the future, I would rather invest in meme coins rather than buying NFTs that Not necessarily, it will benefit you in the future, but unlike buying any coin on the market, it will definitely be much more valuable than holding an NFT.

[khiholangkang]

In general, I see all NFTs as a scam   I have never bought and probably will not buy NFT!

I agree with you, because in my opinion NFT is just a ponzi scheme and has no function, so of course NFT is not very good as an investment, therefore I agree with you that NFT is a scam and not suitable for investment, so I myself have never been interested to investing in NFT and I prefer to invest in meme coin rather than investing in NFT.

Likewise, from the beginning of the presence of NFTs, I was not at all interested in the popularity of NFTs among the public, especially big investors and several top artists who were not spared by the presence of NFTs, many people were throwing their money into NFT investments which in my opinion This is a seasonal thing that can just disappear at any time without people realizing that they are being used by some big people to buy NFTs which in fact have no impact whatsoever on your needs in the future, I would rather invest in meme coins rather than buying NFTs that Not necessarily, it will benefit you in the future, but unlike buying any coin on the market, it will definitely be much more valuable than holding an NFT.

I have also never bought an NFT because it is very illogical if it is made as an investment asset, even though many people think that NFTs are a work of art whose creation is limited, but if you think about it, there are a lot of NFT developers, for example there are 10,000 developers, I think it is a useless thing.

The second is the utility problem, maybe in some NFT games it is quite useful for those of you who like to play games, but if it is only made into a collection and investment place, I think the value will depreciate continuously, judging from the market, most investors today return to coins as investment assets rather than buying NFTs, it's just a temporary hype in my opinion.