Is it safe to say NFTs are dead?

[Grant]

Would you guys say that NFTs are for sure dead? I feel like they are dead, simply for the fact that so many people that purchased their own NFTs are seeing the worth of them plummet to next to nothing. Logan Paul's investment was like $2m for one and it's worthless now. Matt Damon, the American actor invested in one, and that too is now barely worth anything. And I think actor Seth Green also invested in an NFT graphic and now it's worth like $5 or something.

With all these failures, do you think NFTs are just pyramid schemes?

 

[Ja Sa Bong]

NFT's looks potentially dead at the moment. They are no longer promoting it like they used to which shows something have broken in the token. I was very happy never to have taken them serious when it was all over the internet.

 

[Heatman]

Binance have been my favourite crypto-currency exchange website. They have a lot of NFTs they have been pushing so that people will invest in them. I've never been the kind of person that is interested in any of these from the day one when NFTs was launched. I'm not even considering putting my money in them today because I believe they have lost its plot.

 

[Ja Sa Bong]

Binance have been my favourite crypto-currency exchange website. They have a lot of NFTs they have been pushing so that people will invest in them. I've never been the kind of person that is interested in any of these from the day one when NFTs was launched. I'm not even considering putting my money in them today because I believe they have lost its plot.

I've so many of those Binance NFTs ads. They can be pushy with the way those ads are plastered all over the application interface. I will not be lured into what I'm convinced is no longer a viable investment.

 

[Heatman]

NFT's looks potentially dead at the moment. They are no longer promoting it like they used to which shows something have broken in the token. I was very happy never to have taken them serious when it was all over the internet.

I actually know some people who took advantage of investing in NFTs when it came out and they were able to make some money from it. But I don't think it is something that most people are now willing to invest in. Everyone is now more concerned about investing in cryptocurrency than investing in NFTs.

 

[Grant]

I actually know some people who took advantage of investing in NFTs when it came out and they were able to make some money from it. But I don't think it is something that most people are now willing to invest in. Everyone is now more concerned about investing in cryptocurrency than investing in NFTs.

Yeah I think in order to benefit from it, people probably should have invested right away and cashed out. Now days it's not nearly as big as it used to be. Some nfts are worth a lot, but for how long? Who knows how the market is going to be in the next few years.

 

[Heatman]

Yeah I think in order to benefit from it, people probably should have invested right away and cashed out. Now days it's not nearly as big as it used to be. Some nfts are worth a lot, but for how long? Who knows how the market is going to be in the next few years.

Exactly! It's the uncertainty that surrounds the market of NFTs that makes it worrying. Whenever you are investing in something that you don't know how its longevity in terms of profitability is going to be, it is not something that a smart person should consider doing.

 

[Ja Sa Bong]

I actually know some people who took advantage of investing in NFTs when it came out and they were able to make some money from it. But I don't think it is something that most people are now willing to invest in. Everyone is now more concerned about investing in cryptocurrency than investing in NFTs.

It was similar to how those who invested in cryptocurrency in the early years when Bitcoin was launched. They made money easy more than those who started investing from 2017 downwards.

 

[Nomad]

OpenSea is gearing up for a 2.0 release. During the recent pump in the crypto market when bitcoin jumped from $20k to $35k, OpenSea also gained 31 percent growth. Since OpeSea is the biggest NFT marketplace, what goes in the platform is very important. I see NFTs getting on the track.

 

[Riberet19]

OpenSea is gearing up for a 2.0 release. During the recent pump in the crypto market when bitcoin jumped from $20k to $35k, OpenSea also gained 31 percent growth. Since OpeSea is the biggest NFT marketplace, what goes in the platform is very important. I see NFTs getting on the track.

That's excellent news, I don't think NFTs are dead either, just that the massive speculation is over, and that's good news, as they now have time to create a lot of solid NFT projects, like Opensea 2.0 that you mention, plus Bitcoin is hovering around 37k at the time of this post, it looks like we're going to have a Christmas rally.

 

[Heatman]

I believe that this is an incredible news for those who have already invested in OpeSea long ago. They are in the best position to gain more from the jump in the worth of their NFTs. Probably the new 2.0 release is going to add more fuel to how investors in NFTs will gain more. I'm just happy that Bitcoin is having a good run too. It's all that matters to me not NFTs.