Are NFTs dying out?

[Ononivami]

The general market among all financial instruments is actually down and it is natural to expect that people are not going to be demanding for this thing's so much again.

All the financial markets are down and the non-fungible token is not left out and that doesn't mean that the NFT will cease to exist. The non-fungible token is a very useful instrument that will still continue to be part of us.

 

[Laurentta]

I also feel like this NFTs are dying out slowly. I feel they are for people who have huge followers too, and without having such followers, you won't be able to sell much.

 

[Sotherefore]

No, the non-fungible tokens is not dying out . The problem is that it is not really as popular as it used to be in the past , most especially now that all cryptocurrency are down.

 

[Imran_Noori]

I had considered investing in some just for the heck of it but it seems like the sales of them have dropped off so much that it isn't even worth it. I have a friend who tried selling some of his artwork as NFTs and has set to sell a single thing.
I wanted to give this a bump.

Since posting the thread, a friend and I have made an NFT profile to sell some stuff on OpenSea. So far, nothing has happened.

It seems the only sellers are people who have huge followings. I haven't been able to sell one thing and we have close to 200 up.

I feel like NFTs are on their way out.

I think 99 percent of NFTs will die because they are doing nothing, people are usually interested in NFTs which provide some utilities for their buyers.

 

[Joseph555]

I believe it will bounce back, especially when more influential people champion its cause. It is true that the demand has gone down somewhat but I would advise your friend to keep hold of them and wait for an opportune time to sell

 

[tyrim88]

I think the NFT trading of art work is still a growing sector that really has lots of potential to explore in the market,the fact that someone have not sold his art does not mean that the trade is going down.

 

[Mohammed Rashid]

have not benefited from the non-fungible token airdrops Could you please provide a link to that? So they can take advantage of me. I've been wanting to invest in NFT for a long time.

 

[Sotherefore]

have not benefited from the non-fungible token airdrops Could you please provide a link to that? So they can take advantage of me. I've been wanting to invest in NFT for a long time.

Generally airdrops are not always reliable but do you think the non fungible token airdrop would be better ? Personally I have chosen to avoid airdrop sometimes alone.

 

[Prince]

The world of non-fungible-tokens (NFTs) has plunged after the initial hype that followed their rise in popularity. Many NFTs fell sharply in value, prompting some to question their long-term viability

 

[Bigi_]

Like everything in the world, trends get old. NFT I think he was trending late 2021 and he was early 2022. People made memes and made fun of how stupid NFTs were, making it more of a joke than an actual “investment.”

 

[Sincerem]

Like everything in the world, trends get old. NFT I think he was trending late 2021 and he was early 2022. People made memes and made fun of how stupid NFTs were, making it more of a joke than an actual “investment.”

There was a time its popularity was increasing . That was around 2021 like you said. A lot of people then were Seaming to be diverting from normal cryptocurrency to invest in the non fungible token.

 

[Nomad]

NFTs will never die. NFTs are backed by blockchain technology and blockchain technology will never die out. I think over the years, more and more people will use NFTs and NTF usages will continue to grow.

 

[Monster Masterpiece]

NFTs will never die. NFTs are backed by blockchain technology and blockchain technology will never die out. I think over the years, more and more people will use NFTs and NTF usages will continue to grow.

But you have to do your own research about a specific NFT before buying or even review people feedback about the buyer or something like that before process the transact of the assets.

 

[Skysaint]

I don't think they are. You're probably thinking that they are dying out because you haven't really tried it or you don't know how to go about it but there are people still making millions from investing in the project.

 

[Imran_Noori]

I do not think at the NFT would die anytime soon because it is still very new and it is at its cradle. if you look at the rate at which it is developing, one would easily tell that the NFT has come to stay.

You are right, NFTs are expanding day by day and many people are joining this industry, NFTs with real life usage will increase more and there will be more projects.

 

[Planbizzle]

There is no sign that Non-Fungible Tokens (NFTs) are going extinct, and their use has been steadily rising in recent years. In truth, NFTs are becoming increasingly prevalent as they provide a distinctive way to hold digital products and utilize particular services. The long-term viability of NFTs is yet unclear, despite the fact that the NFT market has seen significant volatility.

 

[Skysaint]

There is no sign that Non-Fungible Tokens (NFTs) are going extinct, and their use has been steadily rising in recent years. In truth, NFTs are becoming increasingly prevalent as they provide a distinctive way to hold digital products and utilize particular services. The long-term viability of NFTs is yet unclear, despite the fact that the NFT market has seen significant volatility.

You're right about that. There's no indication that the idea is already fading rather it's just getting started as more and more people are starting to like the very idea. I plan on investing on it myself when I become financially ready to carry the burden.

 

[Connor909]

It appears that there have been major changes in the NFT market's trading volume. Yet it's obvious that the NFT market has changed significantly, and certain market participants have had difficulty maintaining their past levels of success.

 

[Mayorla]

No, I don't think the NFT Market is dying out, It is still relatively new and it needs a lot of time before it can catch up. Moreso, The cryptocurrency market is experiencing a bear season currently so it is normal for NFT to look like it is been phased out.

 

[Shortie]

I don't think we are seeing NFTs dying, to be honest, but more so just not as talked about at the moment as they were when they were new. I guess it would make sense that people who sell NFTs who have huge followings would be the ones who end up with the sales compared to someone who is new as it will be a trust thing and most buyers will go back to someone they know provides them with excellent service and does not scam. This does not mean that new people can not try and sell NFTs but it means that you would need to push yourself out there a little more to have someone give you that chance.

I see NFTs being around for a long time yet.