Bro, this was a great post.

I think the reason it failed to gain any response at the time was, besides your lengthy paragraphs, it is too deep for most people here to bother formulating a response to. Nevertheless, you nailed some pretty important points about the NFT scene.

Quote from: tk808 on May 24, 2022, 02:06:17 AM

This initial NFT hype boom, that started roughly 12 months ago, will eventually fade away and mature quietly in the background.

Yep, this is exactly what happened, and the maturation part is happening as we speak.

Quote from: tk808 on May 24, 2022, 02:06:17 AM

NFTs today are what Foodcoin, titcoin, dogecoin and the 100s of other real-world like POW cryptos, and of those 100-400 shitcoins only 1 survived, Dogecoin.

This is true... Maybe a couple of other shitcoins from the time are also still relevant, but that's it.

Quote from: tk808 on May 24, 2022, 02:06:17 AM

NFTs are headed towards major adoption in the future, specifically with the recent buzz about the metaverse and ownership... etc. There's no doubt that NFTs will become standard when it comes to ownership, but don't expect your "artwork" to be worth anything in the future. Just like with any collectible that ever existed, only a fraction are worth anything and the vast majority become useless and worthless due to inflation and lack of appeal. 80-20 rule.

I also agree with this whole-heartedly. I tried to start a thread emphasizing the value of "Historical NFTs" as the rationale behind why they should possess more value than new NFTs makes a lot of sense.

Basically,

Quote from: nutildah on July 13, 2022, 12:45:36 PM

The thesis for Historical NFT investing goes like this:

There will be an infinite amount of new NFTs manufactured in the future. We already saw a damn near infinite amount minted in the last couple years. So, the ones that are older and scarce - before NFTs really exploded in ~2020 - are going to be the most valuable as they were among the most unique at their time of creation.

To sum it up, if you are looking for NFTs to invest in, I would heartily recommend going with the older stuff that was created before NFTs were "in fashion," as these cannot be produced in the future.

Think of it as collecting baseball cards from the 1950s rather than the 1990s or onward.