Do you really believe on NFTs?

[dragononcrypto]

Currently, NFTs are going through a tough period as the trend is no longer attracting attention and capital from investors. As a result, we've seen a decline in trading volume on NFT marketplaces and the disappearance of NFT news from crypto media, a stark contrast to the excitement and popularity this trend once had in 2021. I don't think they've failed, but they are disappointing investors, especially as they're skeptical about the return of NFTs in this bullrun.

It's true they are definitely disappointing investors, especially since crypto has largely recovered from the bear market, or at least stopped losing value and more or less bottomed out.

If anything it reminds me of cryptopunks in 2019, which is the only comparison to really go by I think, as one of the only collections that has had more than one proper bull/bear market cycle already. This was when the crypto market was having it's major recovery, similar to 2023, and in the meantime these nfts were struggling to get above $200 after becoming completely worthless post 2017 bull market. Ironically it took until about late 2020 before price stabilised around 1 ETH and the NFT bull market began, so depending where we are in the 4-year-cycle, if the market is still in a cycle that is, then it'd still be a bit early for NFTs to be doing much else than struggling to keep up right now. I'd say it otherwise looks like cryptopunks as finally bottomed out at around 20 ETH where there was previous consolidation  in 2021, and have since increased by 50% (for the first time since 2022), so it is possible signal that they might be making a comeback sooner rather than later.

[Sukii]

In my opinion I really can tell right now I feel its still too early to conclude I have seen some people sell NFTs for insane prices and made easy money I have also seen people who's NFTs lost value over time but I still have a little faith in it and I am still willing to give it time.

[bitcoin-shark]

Yes, i believe in NFT they have the same potential as other altcoins, trading, earnings and investments are practically the same as in the crypto market,if you follow it carefully you can make good money

[bisdak40]

NFTs opened a new way for creators to monetize digital content and for collectors to own verifiable digital assets. just like collecting Pokemon cards. we are already seeing NFTs being used as tickets for events, as memberships to exclusive communities, or even as assets in games. but yeah due to the shift of trend, NFT becomes less popular. if the development of the metaverse there’s potential for a resurgence in their use of these NFTs.

[BDose]

Totally agree with your point! Trump NFTs show how powerful fan support can be for NFTs, but the real value lies beyond that. NFTs tied to trends like GameFi, MoveFi, and RWAs have way more utility than those gimmicky 2021 bull run projects like rocks or memes.

As for investing, native tokens of NFT platforms make sense—they’re less risky and benefit from the platform's growth. Still, I think certain high-utility NFTs could be worth a shot if you’re into that kind of thing.

[Bobcrypto]

Re: Do you really believe on NFTs?

I don't know if it's just me, but I see NFT's as worthless pictures that has no intrinsic value at all.
Right now, the only use case that I'm seeing on NFTs is they are being used as a requirement to get some airdrop tokens. I can't think of any, but if you are joining multiple airdrops and have been following many projects, there are some that in order for you to get a portion of the tokens, you need to hold a specific type of NFT.

There are still some NFTs out there that are being created and sold, and they're the ones that are lucky. There are some NFT games out there that are still operating and even though I'm not playing them anymore, I still believe that it will continue for at least a few more years. Overall, I don't believe in NFTs anymore, and I don't invest into NFTs anymore, but we can't deny the fact that NFTs are hear to stay already, and will be used by many people in various ways possible.

The way NFT is going, I personally doubt if they will survive on the crypto economy. I hardly remember if they are actually being traded just like other coins, and it is more likely that NFT will not last long before they are completely abandoned because of very poor interest among crypto traders in my opinion.
Again, it appears that NFT may not stay long here, it is evident that only a small number of crypto enthusiast are engaged on its activities on a daily basis.

[arabspaceship123]

I don't believe in NFT they're not special & aren't worth investing. If you've spare money you shouldn't invest in NFT because cryptos have sale benefits but NFT will lose value they're not stable.