Is the NFT market going to shine someday?
I see potential but I only recently joined. What I would be interested is in the basics as I am missing even these. I know what the ERC721 and ERC1155 tokens are and that many are now using them for games, domain names, and collectibles. Lately, we have Sorare for example making some collectibles of footballers. I don't know if this will be important, I would prefer the NFTs to have some use inside a game as well. I have seen some games and have a few collectibles today, and opened an account at OpenSea which seems to be a nice marketplace. However, I think I am missing a lot of what I should be doing, where to be looking and what exactly I should be doing. Probably a good guide is required, if I become experienced in this I will create one if there is none available in the forum.
I heard about NFT markets being strong and going to become the next DeFi, but I have heard that since the summer and now many months have passed, yet no hype and no interest in this. Was it the rise of Bitcoin price that stopped the crypto community from a growing interest in NFTs? Will there be a moment when we will see some rising interest like it was in the past with Cryptokitties?
I have my eyes on the NFT market but I don't know if it will become a big one similar to DeFi. I know that many of the top gaming companies already have some plans to enter blockchain gaming and it could be interesting to have markets of nonfungible tokens used for game items in top game releases. It could become fuel for the market in total.
What do you guys think about NFTs and their potential?
May be in next five years but i do not see them doing that big in short term, once defi gets the required momentum and adoption only then i expect nfts to be in the game big time.