I don’t know about you, but it looks like we’re in the ICO stage (2017) stage of NFTs. Quick cash grabs, high floor prices, etc.
Beyond art, I see so many other applications for NFTs. Example: Michael Jordan creating a fan engagement platform with NFTs, companies like 4K turning physical goods into NFTs to leverage, music platforms that sell NFTs to redeem for experiences, etc.
What other applications do you guys see for NFTs?
Did ICO last longer after the hype? No, right that is what eventually will happen to NFT as well in my opinion. Someone started the craze and now its trending with no actual utility. I like the non fungible token idea but it is not really too great to involve them in every sector.
i believe otherwise. i think nft business is just beginning. now, artists, singers, popular personalities are just discovering the new digital way on how to reach out their fans. if this is just a hype, this hype will survive long as these personalities will try to get on board on this NFT business. but if you are a buyer, definitely, you need to be smart on this. just buy what you think will be important and valuable to you. not because you just want to buy and hope to sell it in profit.
as nft collectibles may turn to be cheaper later on, for those who are hoping to sell it at great profits will regret buying expensive nft items.