Yes, it's overhyped. But unlike other trends before, there's something special with NFT that's why the hyped of it last long.
Although, as some others noticed, I also don't see any fundamentals or advantages of buying digital stuff and collectibles. Still, it's better to have those physically as it's worth more.
The NFT hyped is more valuable and makes sense to buy if it's about related to NFT games. They are the ones keeping the NFT hype and trend alive.
Although, as some others noticed, I also don't see any fundamentals or advantages of buying digital stuff and collectibles. Still, it's better to have those physically as it's worth more.
The NFT hyped is more valuable and makes sense to buy if it's about related to NFT games. They are the ones keeping the NFT hype and trend alive.
Most NFTs are full of hype, while some of them are not. It depends on what real use cases an NFT is able to provide to people in the mainstream world. NFTs which serve as in-game items are the only ones with intrinsic value. The rest are simply pure speculation. What sense does it make to pay millions of dollars for an image you can find on the web for free? This shows us the level of immaturity in the crypto/Blockchain space. Knowing that most people are making big bucks with NFTs, it shouldn't be long enough before governments begin cracking down the industry. Regulations will probably "kick in", effectively putting an end to the hype. Everything will be similar to the ICO hype of 2017.
I'd focus more on decentralized cryptocurrencies like Bitcoin and Ethereum than NFTs, since they're bound to last a lifetime. As long as you play your cards right, you'll have nothing to worry about. Just my thoughts
