Quote from: fortuner on April 27, 2022, 08:43:08 AM

Quote from: aprilnot on April 27, 2022, 04:38:01 AM

Quote from: Qiro on April 21, 2022, 09:55:19 AM

What's your take of NFTs?

NFT is a great breakthrough in the crypto field. NFT also paved the way for mainstream companies to enter the industry. since last year NFT has grown very rapidly, even according to data from opensea, the trading volume of NFT has reached 6 billion USD.

Quote from: Qiro on April 21, 2022, 09:55:19 AM

Do you think are a long term solution/investment or just hype??

although growing very rapidly, but NFT is not a viable type of investment. long term or short term, for me it will be very difficult to make a profit if the Hype of an NFT has faded. NFT is good, but not suitable for investment, you could say we can only get profit when the hype is still there, but after that the price of NFT will fall and you will not get anything.

That's why I don't invest in NFT because over time the hype for NFT will slowly fade away.
At this time maybe NFT is still widely used as a payment tool for games, but in the future will NFT continue to survive like this?

The trend of NFT will always have its own share, because we must admit that while there are still many who have money and want to be different, then NFT is one that can be done by a typical like them. NFT is not suitable for those who want to invest because NFT is not as easy to sell all the time as crypto coins in general.

so that even though the NFT hype will fade later, it will not affect those who hold it, because indeed they hold NFT because they feel that what they are doing is only as a collector in general on paintings etc.
The possibility that will be able to develop well is of course only NFT games, other than that it will certainly not develop.

this year it is estimated that NFT will continue to grow a lot because NFT is still relatively new and will always be interesting for those who have money to try it, but for those who do not have money it is better to avoid NFT.