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What do you think about NFTs and the way they are used currently?

  • Thread starter Thread starter Electrohunter26
  • Start date Start date
Ononivami said:
The non-fungible token space continue to grow at an alarming rate and it is also gaining recognition just like what you have stated on a daily basis because it is being used mostly as a digital certificate to show ownership of an artistic work.
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I also agreed that the non-fungible token continued to grow very quickly and it will not die off any soon.
It is better to invest on the non-fungible token to take advantage of the opportunity.
 
I just think NFTs are overvalued, just like exotic pieces of artwork. However, it all depends on how much those who appreciate it value it. Rare pieces of artwork only get more expensive over time, so NFT's would probably do the same.
 
Yohanna said:
I also agreed that the non-fungible token continued to grow very quickly and it will not die off any soon.
It is better to invest on the non-fungible token to take advantage of the opportunity.
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The non-fungible token is one of the best ways the content creators are making huge amount of income now.
The bearish market in the cryptocurrency space has actually affected the NFT too.
 
Ononivami said:
The non-fungible token is one of the best ways the content creators are making huge amount of income now.
The bearish market in the cryptocurrency space has actually affected the NFT too.
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The content creators are actually dependent on the non-fungible token presently because it has created an avenue for them to make money.
The non-fungible token is really growing in the cryptocurrency space.
 
I agree with your perception of the current NFTs. I also think they are scams. Since something that is meant to be eco friendly is now sold for millions of dollars.
 
NFTs have a potential to become one of the most huge part of the cryptocurrency ecosystem but right now not a lot of people are particularly focused with building.
 
I mostly saw them used for artwork and collectibles that were like the digital equivalents of baseball cards that could become valuable over time. Nowadays, though, there are so many scams going on and there are so many expensive but worthless NFT's that I no longer feel positive about them.
 
Despite the fact that NFTs' buzz and appeal may make their potential seem limitless.
Both danger and profit are present.
One can earn between $100 and $15,000
 
The introduction of NFT is a good way to procure your unique digital art,but over time it has become something that is over price due to the fact that some persons wants to make the art look ridiculously overvalued.
 
I think one of the major problem alot of site atr facing is because there is no absolute central control system or regulatory agency so it makes everything uncertain. it may be scammed at a moment but it wasn't.
 
The truth is that a lot of people are not willing to enjoy the technology and most people are just creating projects so that they are going to grab money and then move away.
 
Electrohunter26 said:
NFTs were made so people can mainly do digital art and become more eco friendly
But currently we see monkeys NFTs being sold for millions of dollars and a recent research showed that a real picture is more eco friendly than an eth NFT
From my view the current "NFTs" are scams
But the concept itself is good
Tell me what do you think about NFTs?
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NFTs or non fungible tokens are very famous nowadays because people could make alot of money by selling them, I think NFTs that solve problems will grow more.
 
Once you've learned everything there is to know about non-fungible token minting, there's almost nothing you can't mint into an NFT to make money for yourself.
 
It is actually very lucrative and have made a lot of people millionaires but the truth is that because it's now popular or common, it's becoming very competitive to earn from.
 
Personally I don't have interest in such and I don't really know much about the non fungible token and how it can be used profitably . Although it is an artistic cryptocurrency I might not really plan to invest in such currently.
 
Electrohunter26 said:
NFTs were made so people can mainly do digital art and become more eco friendly
But currently we see monkeys NFTs being sold for millions of dollars and a recent research showed that a real picture is more eco friendly than an eth NFT
From my view the current "NFTs" are scams
But the concept itself is good
Tell me what do you think about NFTs?
Click to expand...
You shouldn't say it is a scam because it is another cryptocurrency project entirely and are different from normal cryptocurrency. Though I have never really explored the area yet. I might do so in the future.
 
For a lot of people, NFTs are nothing but silly-looking drawings of apes and other creatures. NFT has a huge potential for artists and photographers, which I think is yet to be explored.
 
I really do not understand the use of NFT that made it to be so valuable but what I do know is that it's valuable and if you know how to design one and sell it, you would really be making good money from it.
 
I think the idea of Non Fungible Tokens is great, as it help Artists to be able to monetize their art work and prevent it from been claimed by someone else. The concept is good though we have seen people sell their art for ridiculous and unexpected price.
 
I never really understood much about it to be honest. I don't get how one can place so much value on just art and it baffles me till date. I never for once bought or sold any art.
 
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