Are NFTs Dead?

[Golden9]

Last bull run, there was a lot of hype around NFTs, touted to be the peak of digital artworks. People spent millions on them, and made money too minting them for free.

Most of those NFTs are now worth a very small amount of money, and it seems that people lost their money.

Would it be possible for NFTs to come back again, especially with the threat that artificial intelligence poses to digital art?

 

[Bisolami]

Last bull run, there was a lot of hype around NFTs, touted to be the peak of digital artworks. People spent millions on them, and made money too minting them for free.

Most of those NFTs are now worth a very small amount of money, and it seems that people lost their money.

Would it be possible for NFTs to come back again, especially with the threat that artificial intelligence poses to digital art?

I cannot even try to invest in any NFT for now.
the last one I invested in was very bad and I could not even sell the coin so I don't want to fall into the same scam for now

 

[kirubel]

Personally i think i can say that NFT is dead, and i am saying that because i rememberwhen everyone is talking about MFT and all postes on social media was about NFT and how profitable it is but now no one is talking about NFT amd those who hold NFT are now in lose.

 

[Bisolami]

Personally i think i can say that NFT is dead, and i am saying that because i rememberwhen everyone is talking about MFT and all postes on social media was about NFT and how profitable it is but now no one is talking about NFT amd those who hold NFT are now in lose.

There are still some set of people who are giving their times to NFts so we should not say that it is dead. The only thing there now is that people no longer invest in them like before. People used to cherish NFTs before more than now

 

[eldavis]

Not dead but simply not as hyped as it used to be when it first came out. Back then everyone was talking about NFT and how they are making money from it. Now a few people still invest in NFT.

 

[kirubel]

There are still some set of people who are giving their times to NFts so we should not say that it is dead. The only thing there now is that people no longer invest in them like before. People used to cherish NFTs before more than now

Yes, i remember when every social media post was about NFT this and NFT that, how NFT profitable is, and how investing on NFT maid them profitable, but now its not that much an idea, and yeah i am more scared than ever to purchase on NFT.

 

[Blessed19]

NFTs are not dead yet but rather on the bear market season as there would be a time that it would be all about NFTs but as for now everyone is very much engaged and involved in crypto airdrops that happens virtually all the time in crypto world.
So with this, a lot of attention has shifted from NFTs and are into airdrops as they make millions for many.

 

[bestwriter]

I think it is the users who should make it active. I created one and never followed it up

 

[nomad]

NFTs are not fad, these are digital assets in the blockchain The value of NFTs will grow even stronger

 

[Carson20t]

The Hype of NFTs as of this year has died, the way people bought NFTs back in s20201 was because they wanted an ROI very fast as compared to the actual value that they have. However, it does not mean that NFts have died. For lack of a better explanation, we can say that NFTs are like the master copy of a brand or Franchise. This will give you access to all the royalties that your brand or franchise promotes. So people will have their art promoted and get revenue from them even long after they are gone. Copyright infringement or collaboration will have to ask for permission from their representatives first. If you ask me it is still a very good investment to own an NFT as an individual or creative artist in any niche that you are good at.

 

[Rubz]

I would not say NFTs are totally dead but like you said, NFTs are worth a small amount of money now. I doubt they would ever come back again honestly.

 

[Cam]

I wouldn't say NFTs are dead, but their popularity isn't what it was a couple years ago. It was a fad during COVID.