Can NFTs now be as successful as they were in past years ?

[passwordnow]

It seems NFT projects are starting out again just like three years ago. I still remember when NFTs were the main deal, they were promoted to be the best option for investments then and most people felt they would never come across such opportunity again forgetting that crypto market is always evolving.

Though NFTs performed so well that a single digital art could sell for over $100,000 and i’m sure some were more expensive but fast forward to today that NFTs are so scarce i came across a blockchain MINT, that claims to be an Ethereum Layer 2 network designed to enhance the NFT industry. Having seeing it set to be listed soon on major exchanges (https://x.com/Mint_Blockchain/status/1896933357881368663) i had to go through its website. I came to realize how big its vision is for NFTs and i kept thinking if that industry can be as successful as it was in the past years.

If you have a lot of money to spare with the NFTs, you can actually take the risk. But this is no longer for me, I've done so much and have lost a lot of money with the NFT hype that I'll never dive in again. Although some of these projects are allowing to mint for as low as a dollar and it will depend on the demand and the community that it has. And based on this report of LAB51, last 2024 was a decline for NFTs but who knows what will happen for 2025 on them.

[X-ray]

If you have a lot of money to spare with the NFTs, you can actually take the risk. But this is no longer for me, I've done so much and have lost a lot of money with the NFT hype that I'll never dive in again. Although some of these projects are allowing to mint for as low as a dollar and it will depend on the demand and the community that it has. And based on this report of LAB51, last 2024 was a decline for NFTs but who knows what will happen for 2025 on them.

don't really understand the graphic but the headline is catchy, but the fact that 96% of NFT is dead can also be attributed with the NFT craze back then where everyone is creating their own NFT, some uses AI to generate NFT, some draw themselves because there are many stories about people making NFT and make big money, that alone can inflate the number of NFT in the market by significant margin because anyone can deploy their own NFT so as a result, too much supply and most of them getting abandoned so 96% of NFT being dead is totally understandable. it's like the cases of pumpfun craze you know, where some rando can generate thousands of memes everyday.
but can't deny that right now most of NFT already losing big chunk of their values.

[Mayor of ogba]

The hype on NFT projects drew a lot of investors attention, and they adopted the trend easily and invested their money into NFT projects because of the high price and value that were placed on NFT projects, but many investors lost their money in trading fake NFT projects. I don't think NFT projects will be as successful as they were in the past years. A lot of investors bought NFT art with big money, and they ended up losing their money, so I believe investors have learned from their mistakes, and they know that the hype on NFT projects is dying off.

[justdimin]

The hype on NFT projects drew a lot of investors attention, and they adopted the trend easily and invested their money into NFT projects because of the high price and value that were placed on NFT projects, but many investors lost their money in trading fake NFT projects. I don't think NFT projects will be as successful as they were in the past years. A lot of investors bought NFT art with big money, and they ended up losing their money, so I believe investors have learned from their mistakes, and they know that the hype on NFT projects is dying off.

Yeah, too many people got burned out by the fall of NFT prices, I do not believe we are going to end up with the same profits again. What NFT was once upon a time could be seen as a great trend in crypto and all those NFT investors got in and bought and sold, and made a lot of money as well

However, that trend is now over and everyone jumped the train already, so we should not be expecting things to be getting all that simply put at this moment, it has to be changing with time. If you really want to make money with NFT's, then the time is long gone and if anyone could still make any money with them, it would be a shock to me as well. I do not expect people to make any profits with this, I assume all NFT investments are bad investments at the moment.

[lixer]

I don't expect to see NFTs gain so much attention just like before. They might be reborn, but possibly people get doubt of it due to the losing performance and big scams in the past. It is something to say that people have already learned from the past, and it is difficult to trust a project that is the reason for their losses. Even if we say that it was listed already, that won't give assurance to the community and to the possible investors to make a good profit. As we can't ensure as well that it never happens again.

Some trends like the meme coins and AI's are still there or keeps on coming back but NFT's were seem no more, therefore you are right about that. I think it is also due to their nature like they are not selling as hot as a pancake like a typical crypto coin. They are usually expensive an then things are working manually like you need to set your own price, you know stuffs like that. I'm not involved in NFT before, so I don't miss it. It is also nice to know that the disappearance of NFT is because of the people who learned their lesson already. Not only NFT but even regular cryptos can't also give assurance to the investors. That is the risk there and we investors shoulder it.

[SiliconHat]

The hype on NFT projects drew a lot of investors attention, and they adopted the trend easily and invested their money into NFT projects because of the high price and value that were placed on NFT projects, but many investors lost their money in trading fake NFT projects. I don't think NFT projects will be as successful as they were in the past years. A lot of investors bought NFT art with big money, and they ended up losing their money, so I believe investors have learned from their mistakes, and they know that the hype on NFT projects is dying off.

Yeah, too many people got burned out by the fall of NFT prices, I do not believe we are going to end up with the same profits again. What NFT was once upon a time could be seen as a great trend in crypto and all those NFT investors got in and bought and sold, and made a lot of money as well

However, that trend is now over and everyone jumped the train already, so we should not be expecting things to be getting all that simply put at this moment, it has to be changing with time. If you really want to make money with NFT's, then the time is long gone and if anyone could still make any money with them, it would be a shock to me as well. I do not expect people to make any profits with this, I assume all NFT investments are bad investments at the moment.

This year might be different, from the look of things, it seems MINT is trying to change the “Nfts are not profitable” narrative because i just came across it now that one can generate app. 826% APR by staking $MINT token on Bitget PoolX. I noticed AI tokens are not really doing well right now, this might be a chance for NFT related tokens.

[CroverNo01]

Honestly I think the world has moved on, and AFAIK something new will pop up and everyone will jump on that...for now I don't think NFTs can rebound.
Btw I would have said stick to memecoins...but after seeing what Tesla is going through because of the politics surrounding Elon Musk I don't think memecoins like doge would be a safe space because it's top Shill has his followers going against him just to punish him, which technically writes all memecoins off.

The market is broad enough for everyone, we listen to our instincts and also play by our strategy. Memecoins haven been the orderly manners where we make instant decisions that will yield profits for our ends. Non-fungible Tokens can not beats their prime in the past years because the market have been entirely different in the current days. We've seen alot of troubles encountered in the past weeks and I must confess, the crypto market is never open to anyone who have absolutely no stands in the market.