Post
Topic
Board Altcoin Discussion
Re: Can NFTs last forever?
by
o48o
on 08/06/2023, 16:34:25 UTC
Exactly. That's the real issue here. But there's nothing we can do about it, especially if we want to encourage openess on the Blockchain. Otherwise, we'd be going back to the era of censorship. Given the fact that most Blockchains have scaling issues, all of these worthless ERC-20, BRC-20, and NFTs will ultimately clog the network with high fees and slow confirmation times. The market will ultimately decide the ideal fee rates for the benefit of all. If we feel fees are too high, then we can simply move to another chain or use an off-chain (L2) scaling solution. Hype doesn't last forever, so I'm hopeful this will be all over soon. Smiley
I don't think that hype needs to end, eth just needs to scale more for handling anything people are hyped about. Meanwhile i'll stick to sending eth via L2.

That's completely mind-blowing. I couldn't imagine TBAs taking the NFTs spotlight real soon. It will be up to creators to make something serious that would last a lifetime. Not something out of pure speculation. The vast majority of NFTs are only quick cash grabs, so they will ultimately die in the long run.

I hope that won't be the case with SBTs and TBAs. I'm still trying to understand all of the technical jargon linked to these new kinds of tokens. With all that's been happening behind the scenes, it seems to me that ETH will remain as the #1 platform for NFTs and other kinds of tokens forever. Wink
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I really wish i understood more about it. For now i am shilling it because some cool devs i know are constantly telling me how cool it is. There might be hype because of it but i see it similar to erc721, it's not over by a long shot even though it got way more hype so quickly it wasn't going to be sustainable. People were buying anything NFT related and only few seemed to know what they were doing.

I guess i need to take a day to study it as much as i can and hope i understand more of it.