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.
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.
That's certainly true, mate. It's all about greed instead of believing on the technology to make our world a better place. As long as there's money to be made, nothing else matters. People are wasting a lot of money buying things without any intrinsic value (especially pictures you can find on the web for free). They'll be "rekt" once everything goes all the way down the drain. In my opinion, the only NFTs that are truly valuable are in-game items and certain digital collectibles. The rest are simply a gamble as they could become worthless in an instant due to loss of interest from people in the mainstream world. This emerging industry has the potential to revolutionize the world of collectibles as we speak. But everything will depend on how many issuers are able to provide quality NFTs to the masses. Regulations are something they'd need to consider before launching a new NFT on a public blockchain network. As long as NFTs have legitimate use cases, they'll last for quite a long time. Just my opinion
