Quote from: Republikcoin.com on May 05, 2022, 10:10:42 AM

Quote from: Andam76 on May 05, 2022, 09:22:35 AM

One of the problems with NFT is its level of liquidity. NFT is considered an illiquid asset because whoever buys NFT will not necessarily be able to sell it. Due to the non-fungible nature of NFTs, they are very susceptible to overspeculation. This is because people set NFT prices qualitatively, not quantitatively.

What you say is true so not many people like NFT at this time even though that person has been in the crypto space for a very long time by seeing many unique concepts from various projects, but for NFT I think it still needs newer breakthroughs so that the fans can increase and are not only liked by some people with a price target in terms of product quality.

I believe that there is a good chance NFT ended up not being that much of a hype anymore. I get that it used to be, and that is understandable but at the same time when you look at the market there is a big fall. Look at the volume of opensea and you will see the major drop in the volume. Doesn't mean that we shouldn't do anything about it, but it just doesn't feel like it worths it at all.

I believe that we should be doing something a bit different, such as getting a new attention for it at all times. NFT is something that stays high with hype, and without the hype it has been losing attention and needs another hype to keep it alive.