Quote from: Cling18 on June 17, 2022, 05:37:17 PM

Quote from: coco23 on June 17, 2022, 08:46:22 AM

Quote from: Tony116 on June 03, 2022, 02:36:35 PM

I don't understand what is the use of NFTs and what are the benefits of holding them in the long run, apart from the hype surrounding it, I see almost no utility.

I think NFT is also one of those trends in the market that comes when the bull market is dominating and its hype will end when the bear market arrives. Now many NFTs have dropped a lot and none of the hype stands out.

I do see a use case for them as "digital collectible", however that would require some form of standard for NFTs which currently doesn't exist. Now you can create NFTs on different blockchains in different forms (weblink that is without guarantee to work in a couple of years...) but nobody knows what will happen with all those in a few years. To hold NFTs for a longer time is currently extremely risky and I doubt it will pay off, most of them will probably go to 0.

I think having NFTs as collectibles is not worth it simply because NFTs don't work in the long run. They're just profitable in the beginning just like what happened to famous NFTs before. Despite the hype, they are still not able to maintain their value. Instead of buying and holding NFTs, it's better to invest with good potential coins.

For now, I really recommend buying NFT coins instead of buying the NFT, because the utility provided by NFT is still not worth it to buy,
yes indeed there are some projects like AXIE that are very feasible, but are there others?, if there is please mention