Will NFTs make a comeback?

[danherbias07]

I think if there were an online game that would inject this kind of technology then there might be a chance for NFT to return. In my opinion, it's best suited in games and if it can become a widely popular one then I bet many people will come buying and selling their NFT and the demand will soar. Let's say in-game items can be made as NFT, especially the legendary or unique items and they can really sell it for cash or buy it while the game will make some money on the transaction fees and the creation of NFT items should also have a price to keep the game controlled from mass selling or buying.
I once sold my own character in an MMORPG game and I can say it was worth it because first I enjoyed the game before I sold it and quit.

[jaberwock]

I think if there were an online game that would inject this kind of technology then there might be a chance for NFT to return. In my opinion, it's best suited in games and if it can become a widely popular one then I bet many people will come buying and selling their NFT and the demand will soar. Let's say in-game items can be made as NFT, especially the legendary or unique items and they can really sell it for cash or buy it while the game will make some money on the transaction fees and the creation of NFT items should also have a price to keep the game controlled from mass selling or buying.
I once sold my own character in an MMORPG game and I can say it was worth it because first I enjoyed the game before I sold it and quit.

Yeah I agree, NFT's are going to be something making a good return without a doubt but only if they are used for something good. If you are dealing with something that is making a good profit, that has to be one with utility that you can use the NFT on, that way would be a lot better because those type of projects end up using the NFT for a good cause. One game I know uses it like premium membership, if you have their NFT cards, then you get a premium membership, that's what they did when they first started to gather enough money to start the game, and eventually they used that money to make the game. NFT's in that sense could make some money but this isn't really a great return, so we need to wait until there is a hype so we can't make a move right now.

[Issa56]

It's been a while since all of the action moved away from NFTs. All of the hype is on "meme" coins and AI-based tokens.

What most people don’t understand about crypto is that, everything is season, and it’s definitely going to come and go. Most of people made money during NFT season, but people hardly talk about nft now, and I think the season is gone, and it’s not coming back. Time will come which we will see another trend, we might not really hearing much about meme coins, and AI-based tokens which you just talked about. The only coin which I will say doesn’t have season is bitcoin, but others are just trend.

Popular NFTs such as CryptoPunks, Pudgy Penguins, and CryptoKitties have lost a considerable amount of value. If you bought them in the early days, now you'll be left with less money in your pocket. I'm not sure if the market turning bullish will liven up the hype once more.

Those NFT’s price might not increase even when there is bull run, the season has passed, and even if they will be increasing, it might not really be much, but if we are in the season, then you should expect massive pump from it. So if you are making investment right now, then you should stay away from NFT.

[Abiky]

Just like the ICOs, IDOs, IEOs were forgotten, so will NFTs. This time round, I believe there's no comeback for them. I think people have eventually outgrown them and are so much engrossed into meme coins, which are so many by the way. Personally, I didn't find NFTs worth investing into, even when they were so popular.

When the altcoin season official begins, we shall know all that will transpire.

NFT's biggest drawback was having their content stored on centralized servers. If data were persistent, interest in NFTs wouldn't had faded. Why invest in something that's not built to last? Some of the old NFTs that were popular back then, no longer exist. At least, the contents of such NFTs. Proof of ownership is still recorded on the Blockchain.

A pity, because NFTs had big potential. Companies like Pringles and Sega went as far as launching digital art and collectible items of their own. This could be the future of collectibles as we know them. No need to hold physical items that take space. Everything will "digitized" on the Blockchain, accessible anytime, anywhere. Who knows? Maybe NFTs will be popularized again. Hype comes and goes in crypto land, so anything's possible. Let's wait for the next altcoin season to see what happens.

[mich]

I do not think will see a comeback for the NFTs. They were very popular a few years ago. But now there is alot of people that lost much money on them I think it was more like just a phase.
It was interesting for me but I did not buy any of them. Then we did start to see so many 'rug pulls' and lawsuits for them. I do not think they will be so popular again. And I am fine with this.

[Abiky]

I do not think will see a comeback for the NFTs. They were very popular a few years ago. But now there is alot of people that lost much money on them I think it was more like just a phase.
It was interesting for me but I did not buy any of them. Then we did start to see so many 'rug pulls' and lawsuits for them. I do not think they will be so popular again. And I am fine with this.

Well, Blackrock is interested in RWAs (Real World Assets). They're digital representations of physical items on the Blockchain. Something tells me the future of collectibles is digital, not physical. At some point, I believe NFTs will garner attention again. We're still early to the game. I understand most NFTs these days are "rug pulls" like you've said. But that doesn't mean it's game over for the industry. With a focus on utility, NFTs might go somewhere.

Investors these days are focused on making money, so we should expect the market to remain highly-speculative within the short-term. Once Blockchain becomes a part of our daily life, things won't be the same. It will be quality over quantity, instead of all the other way around. What NFTs need is persistent storage. Both Arweave and SWARM bring a promising future. Who knows what will happen next?

[albon]

Well, Blackrock is interested in RWAs (Real World Assets). They're digital representations of physical items on the Blockchain. Something tells me the future of collectibles is digital, not physical. At some point, I believe NFTs will garner attention again. We're still early to the game. I understand most NFTs these days are "rug pulls" like you've said. But that doesn't mean it's game over for the industry. With a focus on utility, NFTs might go somewhere.

Investors these days are focused on making money, so we should expect the market to remain highly-speculative within the short-term. Once Blockchain becomes a part of our daily life, things won't be the same. It will be quality over quantity, instead of all the other way around. What NFTs need is persistent storage. Both Arweave and SWARM bring a promising future. Who knows what will happen next?

Anything can happen, as no one can predict what will happen in the future.. NFTs have caused a huge buzz in the past, but with the emergence of other trends, investors' attention has turned to them.

There are many Utility NFTs I owned at some point,, but after a long time, the value of what I own has decreased by more than half, and some of what I still own has completely lost its value. Of course, I know that the NFT industry has not ended and is still present, but it is moving very slowly.

What I see is that trading and investing in altcoins is more worthwhile than that. Even selling an NFT you own requires luck, and it may take a lot of time unless the collection you bought from has demand, high daily trading volume, or is supported by an innovative project. As for me, I do not like this sector and did not believe in it from the beginning despite the success it has achieved, and each person has his own perspective and decision regarding what he sees as appropriate and believes in.

[legiteum]

I don't see it happening.

The problem is that NFTs are a solution in search of a problem.

An NFT is basically a contract between two entities based on a key pair--but a legal contract is meaningless if you can't bring it to court, and the only way you can bring a dispute to court is if the entity is (ultimately) an actual human being. (I get there are nuances to this, but at the end of the day a private key can't take somebody to court).

And meanwhile, an NFT has no advantages over a plain old fashioned contract.

And on the flip side, the propensity for NFTs to be scams is rampant since they are basically contracts and... people don't read contracts.

And even when they do, contracts can be really complicated, and they can easily be used to rip people off when they are a one-off like an NFT.

So as soon as NFTs make any sort of comeback, they will immediately resume their reputation for being almost entirely scams, and then they will die again.

[stomachgrowls]

It's been a while since all of the action moved away from NFTs. All of the hype is on "meme" coins and AI-based tokens. Popular NFTs such as CryptoPunks, Pudgy Penguins, and CryptoKitties have lost a considerable amount of value. If you bought them in the early days, now you'll be left with less money in your pocket. I'm not sure if the market turning bullish will liven up the hype once more.

Do you think NFTs will make a comeback? If not, why? Which NFTs are worth the investment these days? Your input will be greatly appreciated. Thank you very much.

We do know that we do have that so-called "Market Narrative" on which there would really be that a specific trend on which it will really be that focusing on where the community is really that focusing into.
If we do say that we are on AI narative then we would be seeing tons of similar project which is based into this one. We've been through that NFT market trend wayback into those previous years but
actually it isnt really that something that being removed or being forgotten because if we do really tend to look at on nft marketplaces then you could really be still able to see some
volume into it on which simply means that there's still that a demand and to those who are interested to it.

Wayback into those previous years where NFT or with those pixelated images did really end up on having some insane values or simply you could really be able to tell into yourself on how the heck
they do get those prices with those images? 

Feel sorry for those who do end up on dragged with the hype. If there are those people who do make insane amount of money with NFT's but in the other side on which
there are tons who do loses up too.

[CK485]

Anything can happen, as no one can predict what will happen in the future.. NFTs have caused a huge buzz in the past, but with the emergence of other trends, investors' attention has turned to them.

There are many Utility NFTs I owned at some point,, but after a long time, the value of what I own has decreased by more than half, and some of what I still own has completely lost its value. Of course, I know that the NFT industry has not ended and is still present, but it is moving very slowly.

What I see is that trading and investing in altcoins is more worthwhile than that. Even selling an NFT you own requires luck, and it may take a lot of time unless the collection you bought from has demand, high daily trading volume, or is supported by an innovative project. As for me, I do not like this sector and did not believe in it from the beginning despite the success it has achieved, and each person has his own perspective and decision regarding what he sees as appropriate and believes in.

their belief in NFT is always changing by looking at the current situation, depending on the current market cycle, and that is indeed part of it, even so NFT still has a place in this digital market, even though it is experiencing a decline, but I think NFT has a place for investment that will always run and be considered.

[nickpap]

It's been a while since all of the action moved away from NFTs. All of the hype is on "meme" coins and AI-based tokens. Popular NFTs such as CryptoPunks, Pudgy Penguins, and CryptoKitties have lost a considerable amount of value. If you bought them in the early days, now you'll be left with less money in your pocket. I'm not sure if the market turning bullish will liven up the hype once more.

Do you think NFTs will make a comeback? If not, why? Which NFTs are worth the investment these days? Your input will be greatly appreciated. Thank you very much.

It depends if the NFTs have a usage. And depends on the number of NFTs created and if more are being created as time passes.

[fullhdpixel]

their belief in NFT is always changing by looking at the current situation, depending on the current market cycle, and that is indeed part of it, even so NFT still has a place in this digital market, even though it is experiencing a decline, but I think NFT has a place for investment that will always run and be considered.

Usually once we have things are gone from crypto world it has no fair chance to come back and having glory days but if we are having any solid changes then surely things can take good positivity as we are facing many changes NFT can also have anything like this which will help this to have revival even I am having very low chances, but good thing chances are available which is the best part of this.

Few big names are trying to have their mark which is also interesting because if they are able to bring anything for this we can have good for the crypto world with as recently things are taking good changes anything possible about NFT revival but as mentioned it's never been easy and can take good time as well.

[Webetcoins]

NFT's are not that bad in idea, the idea of having ownership paper, basically like a legal tender, it's a good thing and maybe using it for wrong things when we are using it images to promote NFT idea. I have seen it done for real estates and other stuff, like having part ownership for stuff, and that is not always that bad.

So, if we want NFT to make a comeback, maybe we should be using it for something much better, could be something that could be done properly and get a better result. It is not that easy but we could turn NFT world into something else and we could make a lot more profit. This will need some project to come out one day, and do something original with NFT idea, and get very very much hyped, if that ever happens then we could see NFT world make a comeback.

[Abiky]

Usually once we have things are gone from crypto world it has no fair chance to come back and having glory days but if we are having any solid changes then surely things can take good positivity as we are facing many changes NFT can also have anything like this which will help this to have revival even I am having very low chances, but good thing chances are available which is the best part of this.

Few big names are trying to have their mark which is also interesting because if they are able to bring anything for this we can have good for the crypto world with as recently things are taking good changes anything possible about NFT revival but as mentioned it's never been easy and can take good time as well.

What about the "meme" coins craze? It usually comes and goes. The same might happen with NFTs. If there's something that won't make a comeback, that would be ICOs. Especially when they faced a huge crackdown by the regulators within the early days. Now it's hard to launch an ICO without getting the green light from the regulators. But with NFTs, that's a different story. It's still a regulatory grey area (as far as I know). There hasn't been any crackdowns due to scams and/or theft. At least, not yet.

Some companies went as far as launching NFTs of their own. Even President Trump himself launched an NFT collection. If content were stored forever on the blockchain (persistent data), NFTs will truly last for generations. That's the only thing developers need to fix. Between this and RWAs (Real World Assets), we will live in a future where we won't truly own anything (physically, of course). I'll be paying close attention to their development.

[tygeade]

NFT's are not that bad in idea, the idea of having ownership paper, basically like a legal tender, it's a good thing and maybe using it for wrong things when we are using it images to promote NFT idea. I have seen it done for real estates and other stuff, like having part ownership for stuff, and that is not always that bad.

So, if we want NFT to make a comeback, maybe we should be using it for something much better, could be something that could be done properly and get a better result. It is not that easy but we could turn NFT world into something else and we could make a lot more profit. This will need some project to come out one day, and do something original with NFT idea, and get very very much hyped, if that ever happens then we could see NFT world make a comeback.

Yeah I agree, and this was the main reason why it got popular for the first few months, because it was a good idea and yes images were what it was used at start, but it never got outside of that at all, which complicated things. I am not saying that we are going to see it grow to other things now, it could just stay with images and never grow out of that at all. But that doesn't mean that we are going to see this changing anytime soon, it could stay like that for a long time.

This means we are going to approach this situation a bit differently, and if we are sick and tired of these images dominating the NFT world, then we shouldn't really invest into it unless something else that looks better happens. I always believed we could be using this for more too, but it is not, so I am not investing into those images.

[basedsaylor]

I have created an AMM for NFTs where you launch a collection in a smart contract and every one can buy and sell whenever they want to the AMM contract. I think this is the only way NFTs can come back. The problem originally was that NFTs couldn't be sold if the interest drop. With similar contracts this problem is fixed.
What do you think about the idea? Here is the code in solidity:
https://github.com/simplepools/simplepools/blob/main/simplepools-smartcontracts/SimplePoolsNft1155AMM.sol

[diguyo]

I think they might get a little pump, but ultimately for me they were a hype-train and a short-term phase in the grander scheme of things. I don't see them returning. I think the use case is solid, i.e. it's a good use of blockchain to provide provenance for art, but let's be real very little of the NFT boom was actually "art" and I the market for AI art is small.

There will be a pump with any Opensea token, but I think they've had their day. Which, I believe, is why Ethereum has also had its day and why it's currently lagging behind. Previous cycle it was memecoins and NFTs propelling Ethereum - memes have gone to Solana, NFTs are dead...so what next?

[CK485]

NFT's are not that bad in idea, the idea of having ownership paper, basically like a legal tender, it's a good thing and maybe using it for wrong things when we are using it images to promote NFT idea. I have seen it done for real estates and other stuff, like having part ownership for stuff, and that is not always that bad.

So, if we want NFT to make a comeback, maybe we should be using it for something much better, could be something that could be done properly and get a better result. It is not that easy but we could turn NFT world into something else and we could make a lot more profit. This will need some project to come out one day, and do something original with NFT idea, and get very very much hyped, if that ever happens then we could see NFT world make a comeback.

it became very popular at that time, indeed NFT before it soared experienced a major correction, and there's nothing wrong with seeing the beginning that was highlighted a lot, and attracted a lot of attention even though the NFT market still survives with images that are still in demand and benefit from it and it continues with innovation that continues to grow, and it must be done with more efforts.

[shinratensei_]

NFT's are not that bad in idea, the idea of having ownership paper, basically like a legal tender, it's a good thing and maybe using it for wrong things when we are using it images to promote NFT idea. I have seen it done for real estates and other stuff, like having part ownership for stuff, and that is not always that bad.

So, if we want NFT to make a comeback, maybe we should be using it for something much better, could be something that could be done properly and get a better result. It is not that easy but we could turn NFT world into something else and we could make a lot more profit. This will need some project to come out one day, and do something original with NFT idea, and get very very much hyped, if that ever happens then we could see NFT world make a comeback.

legal ownership representation through NFT always sounds like a great idea, the difficult thing is dealing with the legal aspect, and the fact that most of people probably hesitant to integrate their ownership to NFT because bad reputation, but yeah I can see it works out so well, moreover there's also fractional NFT that could be a great advantage for people wanting to share ownership of a property for renting purpose and distribution of profit.

I can see this would revolutionize the traditional way, but the thing is, we're not ready for this, all these legal framework across various countries aren't ready for this, maybe next decade.

[Abiky]

legal ownership representation through NFT always sounds like a great idea, the difficult thing is dealing with the legal aspect, and the fact that most of people probably hesitant to integrate their ownership to NFT because bad reputation, but yeah I can see it works out so well, moreover there's also fractional NFT that could be a great advantage for people wanting to share ownership of a property for renting purpose and distribution of profit.

I can see this would revolutionize the traditional way, but the thing is, we're not ready for this, all these legal framework across various countries aren't ready for this, maybe next decade.

Legalizing NFT ownership is something that will take time to materialize. Many countries are yet to recognize this. Skepticism is what's holding NFTs back from acheiving real use cases. However, I believe this could change in the future. If "meme" coins made a comeback, who's to say the same won't happen with NFTs in the long run? I have faith on this tech.

It'll be up to developers to fix NFTs' inherent issues if they want to lead them all the way to success. Even Vitalik suggested new kinds of NFTs under the name of Soulbound Tokens (SBTs). The future of digital ownership is just getting started. Like I've stated before, we will live in a world where we won't truly own anything. At least physically. Everything will live in the digital realm. This means the end of physical art, collectibles, books, and even trading cards as we know them. Young people will get used to this. The question is: Are you ready to embrace change?