NFTs are everywhere these days. From digital arts and paintings to in-game items, there's an NFT for everyone. Some NFTs are selling for big bucks, even when they don't have any intrinsic value. There's a lot of hype surrounding NFTs lately, where companies are joining the Blockchain bandwagon in order to obtain a piece of the pie. At the end of the day, real use cases for the mainstream world matters. It's not about hype, but rather about usability. I just don't see any real value to NFTs other than serving as purely speculative instruments (like "meme" coins).
Do you think NFTs are overhyped? If not, why? Your input will be greatly appreciated. Thank you.
Do you think NFTs are overhyped? If not, why? Your input will be greatly appreciated. Thank you.
I do think so.
I think that the majority of the NFT market is really just made up of people who are trying to make a quick buck instead of true technology believers.
The fact that the only value add they bring to the table are collectable art certainly doesn't help either.