Nft
- Thread starter stef998
- Start date
xReminisce
Elite Member
- Dec 29, 2012
- 7,329
- 36,771
you are about 2 years late to the game
While people say "better late than never" but honestly, nft is a fade that is slowly fading away.
Do you understand anything about Cryptocurrency and the blockchain technology itself?
While people say "better late than never" but honestly, nft is a fade that is slowly fading away.
Do you understand anything about Cryptocurrency and the blockchain technology itself?
Honestly not so much, i found some course about nft in my region that they are pushing it so hard, that's why i got interested and asked for it
xReminisce
Elite Member
- Dec 29, 2012
- 7,329
- 36,771
NFT is built on the blockchain technology itself.
It would be wise to know just a bit on how it works.
Especially since it isn't so beginner friendly either.
As for why people pushing it so hard, it's because its fading away.
People are a bit more "smarter" than when compared to 2 years ago.
NFTs is essentially can be anything that is placed on the blockchain.
Whether it is pictures, videos, movies, music, games, bits of games data etc.
The idea behind NFT is to have the person truely own it.
Let's take an example here
Surely you probably have heard of World of Warcraft, can you truly say, you own everything you earned in the game?
No, you really can't.
Take a look at Blizzard shutting down in China Feb 2023. The moment the company goes under, or decides the service is over, you loose "access" to that data, hence you truly owned "nothing".
That's the fundamental basis of NFT.
Another example, A famous rapper, you may or may not have heard of, Nas were selling "rights" to his music, in the form of an NFT. Meaning, you would be gaining a % of Royalities to each time Nas was being paid.
Meaning, you "truly" owned his music. Not as a fan buying a CD copy but own a piece of right to his music.
In my personal opinion, The idea behind NFT is fundamentally solid but the world just isn't at that stage to incorporate it correctly, or more towards, companies isn't ready to give up these rights to the consumer.
So why is fading, because not everyone is on board the crypto technology, and while the technology is there, big tech companies ain't incorporating it.
Along with a ton of issues with the technology itself such as hacks, expolits and scammers, puts a bad name to crypto overall.
https://www.forbes.com/sites/rosema...taverse-aspirations-can-wait/?sh=6c01935d140a
Thanks so much for the info i'll also check the article
- Oct 20, 2022
- 268
- 35
I'm also learning about NFT. anyone with knowledge about it please help me.
Definitely don't think NFT's are going to disappear anytime soon as big companies are slowly adopting it. Saw today that Amazon is planning on launching a NFT marketplace soon. However, I do think we're in a dry market at the moment with incredibly low volume. That being said, I've been I've been in NFT's for about a year now (solana blockchain in specific) and there's def money to be made there!
Main way to discover projects are on Twitter and Discord.
FYI, new account here as I was perusing for SEO stuff and saw this thread so just created an account to help answer any nft questions as best as I can.
Main way to discover projects are on Twitter and Discord.
FYI, new account here as I was perusing for SEO stuff and saw this thread so just created an account to help answer any nft questions as best as I can.
vinbamb
Newbie
- Feb 28, 2019
- 20
- 3
It depends on what you want to do in the web3.0/ NFT space. If you are looking to make money in NFT's, you still can. But the golden age of NFT's is gone. Will it be back in the next crypto bull run? Who knows?
If you are looking to put up some nft's on sale, I don't really know how much scope is there for that kind of a thing now. But i do know, you have to brand yourself for that. On twitter. People mostly do not buy random art drops.
Whatever it is you are trying to do in the nft space, I don't think you need any course. I am sure they will fill it up with generic crap that you can figure out with a few hours researching.
You need to be on Twitter (most of the info is here) - follow #nft & related # . Follow the right people.
Opensea - #1 marketplace for nft's. Just browse through.
Also youtube. good luck
Yes. I agree with you. amazon coming up with their own NFT marketplace is big news!
NFT's have been seeing good volume lately. More in comparison to when we started this year. Been in nft's since October 2021. Fun times when you could flip shit for 10X in 5-10 min
bytebandit
Regular Member
- Feb 18, 2023
- 215
- 120
My bet for NFTs nowadays is utility NFTS, more oriented to the util, NFTs of tickets for events, NFTs that work like a membership for a community, etc...
The main idea here is to focus on the utility and leave in a secondary place the design of the NFT.
With Midjourney and enough time you can be a professional painter and have your collection, it's ridiculous.
The main idea here is to focus on the utility and leave in a secondary place the design of the NFT.
With Midjourney and enough time you can be a professional painter and have your collection, it's ridiculous.
Arisilenzio04
Regular Member
- Aug 11, 2016
- 460
- 131
To be honest I think there's room for beginners but don't expect it to be as fast paced as it was last year and last two years. There's still potentials as there are many ways you can benefit from it. If you don't mind me asking, what area are you from?
From the Balkan
Arisilenzio04
Regular Member
- Aug 11, 2016
- 460
- 131
You don't need so much money actually, just have a good communication with the community and build well. If you don't have a big budget then you have to have an amazing art and some value as utilityIf you don't have enough money for marketing ($$$$-$$$$$) then it's better to find another niche
It's hard to gain trust with this much scam projects!
- Sep 5, 2022
- 324
- 54
I don't think NFTs are still in the game. I think it was just a short term thing and some people made money in it and some people lost.
sakuzi
Newbie
- Sep 19, 2016
- 7
- 7
To be candid, I would advise against succumbing to the allure of fleeting "trends". While it is true that some individuals may proclaim the demise of NFTs, I, as a seasoned veteran of the cryptocurrency arena since 2013, have borne witness to similar prognostications regarding crypto. It is noteworthy that these very individuals flock back to the market during periods of prosperity. The cryptocurrency sphere has always exhibited cyclical behavior, inextricably linked to energy and power dynamics. It is essential to recognize that NFTs operate within the cryptocurrency framework.