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Author Topic: Where do you see NFTs in the future given the nature and Pace at which they keep  (Read 2117 times)

Offline Crypto Fella

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I kept seeing new NFT tokens and even cryptocurrencies coming up after those NFTs and I have even seen a new one with the name MOCA, it is said that Mocaverse is an NFT collection by Animoca Brands designed to strengthen the Web3 and metaverse-centric ecosystem.

We know and often say that cryptos are driven by their use and community, but what other factors do we look at given that new coins keep having use cases . How do we spot what will have a brighter future among other several coins?

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Offline MrSpasybo

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I kept seeing new NFT tokens and even cryptocurrencies coming up after those NFTs and I have even seen a new one with the name MOCA, it is said that Mocaverse is an NFT collection by Animoca Brands designed to strengthen the Web3 and metaverse-centric ecosystem.

We know and often say that cryptos are driven by their use and community, but what other factors do we look at given that new coins keep having use cases . How do we spot what will have a brighter future among other several coins?
Well, I think the answer can only come from careful basic analysis. Each new project offers many solutions and asserts its potential, but only a few can be successful. By analyzing the problem + solution, devteam, investment fund and tokenomics, a professional analyst can assess the potential of the project and choose the best projects for the portfolio.

Currently, we only see the value of tokens in the trading price in the market. Some have other utilities but still only in the crypto market: for example, paying transaction fees or staking and voting, so we don't need to think too much about the value of tokens in the distant future. We should invest in a project where the token has a great chance of being pumped and increase in price!
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Offline Yamane_Keto

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NFT tokens were attractive at the past, but the market trend turned to memecoin DeFi AI L3 tokens, and some projects even began to prefer Bitcoin Ordinals Inspection instead of Ethereum tokens. If you want to invest in NFT tokens, I advise you to invest inSolana blockchain tokens, as it is gaining some liquidity, but the general trend is bearish.
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Offline MrSpasybo

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NFT tokens were attractive at the past, but the market trend turned to memecoin DeFi AI L3 tokens, and some projects even began to prefer Bitcoin Ordinals Inspection instead of Ethereum tokens. If you want to invest in NFT tokens, I advise you to invest inSolana blockchain tokens, as it is gaining some liquidity, but the general trend is bearish.
I believe that similar to GameFi, the NFT trend will return in the bullrun and create price increases for many tokens and collections. However, it is difficult to identify which NFTs or projects will grow strongly and bring profits to investors. Solana is a potential and vibrant ecosystem, but I'm not sure if it will still be the chosen one in this bullrun, as many other platforms have emerged and shown their strength, such as Ton.

If you believe in NFTs, I think the native tokens of top blockchains for creating NFTs such as ETH, SOL, BNB, NEAR, TON... will be a safe and attractive choice!
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We know and often say that cryptos are driven by their use and community, but what other factors do we look at given that new coins keep having use cases . How do we spot what will have a brighter future among other several coins?
NFTs generated by gaming apps clearly have a use case. But it is not limited to entertainment, while what we see from season to season are always new brands in the games industry which at the same time discard previous projects. I think NFT tokens are out of date according to their popularity and will soon have to be phased out and updated with other tokens that will dominate the market.

Offline Stompix

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Where do you see NFTs in the future?

95% in the trash not being worth the tx!
2% probably destroyed by the owner's carelessness!
1% dead on a dead chain completely!
1% lost to technicalities!

1% still moved against people who will still believe at some point they will make money out of it!
0.1% of the to error margin actually worth something!

The only way for some to survive is to be modeled by something that has value in the first place, so like issuing just 10 Pokemon NFTs after a Pokemon event or launch of a region, issuing one single NFT for each basketball player, and this supervised by the NBA! Making jogs and calling them precious is not the way!



Offline MrSpasybo

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95% in the trash not being worth the tx!
2% probably destroyed by the owner's carelessness!
1% dead on a dead chain completely!
1% lost to technicalities!

1% still moved against people who will still believe at some point they will make money out of it!
0.1% of the to error margin actually worth something!

The only way for some to survive is to be modeled by something that has value in the first place, so like issuing just 10 Pokemon NFTs after a Pokemon event or launch of a region, issuing one single NFT for each basketball player, and this supervised by the NBA! Making jogs and calling them precious is not the way!
It is unfortunate that this is the current state of NFTs in the market. The NFT trend is still in its early stages and needs more time to find opportunities and establish a position in this market, especially in the economy.

We have heard about the great potential of NFTs to tokenize real-world assets, but this has not yet become a reality. The RWA trend uses many other tools for tokenization, not just NFTs, so I am still waiting for the return of GameFi so that NFTs can be used for limited items in games.
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Offline Yamane_Keto

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..
This is 100.1%. The NFTs market, just like valuable collectibles, is based on the great demand for a rare supply, so the real use in art will be limited, and commercial use such as entrance tickets, VIP subscriptions, etc. may be the future of NFTs, but there are better alternatives with cheaper fees.
NFTs will stay with us but their use will decline.
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Offline Stompix

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~
We have heard about the great potential of NFTs to tokenize real-world assets, but this has not yet become a reality. The RWA trend uses many other tools for tokenization, not just NFTs, so I am still waiting for the return of GameFi so that NFTs can be used for limited items in games.

The main thing when it comes to tokenization is, why do we need it?
We had such hype in 2021 when everything was supposed to have tokens, we had the utility tokens strand at that point, and users realized that it made no sense to use a token instead of what we have now, the economic and legal hassle for everything is just not worth it.
So why would game makers use NFT in games when it's their system anyhow, every single item dropped in Diablo for example has already its ID, and its hash, the trade and auction house were a total flop of a failure , so....why would they need an additional system on top of that?

..
This is 100.1%.

Yup, that's why I said error margin.

 

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