Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => NFTs & Collectibles => Topic started by: MrSpasybo on March 21, 2021, 11:16:55 AM
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NFT really became one of the biggest trends in the crypto community in March and we see auctions worth tens of millions of dollars, equivalent to a large ICO/IEO. And of course, the NFT controversies are as big as the investments.
Let me summarize a bit about the NFT. As far as I understand, there are 2 types of NFT projects:
+ The 1st: NFT is created directly on blockchains like Ethereum. Users use ETH to create & own NFT, such as CryptoKitties. It can be seen that projects of this type do not significantly affect the price of native tokens ETH, even as harmful as 2017;
+ The 2nd: there is a project that issues a platform based on the original blockchain, for example Decentraland on Ethereum. This platform allows users to create NFT LAND using its own token -MANA. Increased demand for NFT LAND will boost demand for MANA, causing a huge increase in MANA price.
Around the NFT debates, we will see both the pros and cons of NFT:
1. Advantages:
+ Satisfy everyone's need for "owning";
+ Has great potential for application in games and intellectual property markets (music, cinema, sports, science...);
+ Gives great profits for owners of NFT assets.
2. Disadvantages:
+ The concept of blockchain/crypto is still quite vague to community, many people do not understand the value of NFT;
+ Many auctions are manipulated, the value is not real;
+ Because NFT is tied to some POW blockchain, NFT faces energy & environment problem.
Many people even believe that NFT is similar to the ICO wave of 2017, just a trick for whales to attract cash flow as investors.
What is your opinion on this? Do you trust and support the NFT?
And one more suggestion I came up with regarding the ALTS forum.
ALTS is a crypto forum with very special, very interesting badges and it is loved by members of ALTS community. We might issue some NFTs on Ether/TRON/BSC platforms during some special anniversary to reward forum members. I think this will create joy for ALTS community.
Do you want to own NFT of ALTS forum?
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AltcoinsTalks Logos NFT collection: https://www.altcoinstalks.com/index.php?topic=195947.0
CRYPTOChess NFT Collection: https://www.altcoinstalks.com/index.php?topic=196226.0
:D