6529 shared: In a few years: 1) A large majority of today’s NFT s will not have a lot of financial value, expressed primarily as liquidity (but you might enjoy them for the art). 2) Some will do OK. 3) A tiny % will be mind-meltingly valuable.
Community Response: Everyone says this but what do you honestly believe will be mind-mindboggingly valuable? NFT s will be considered incredibly special artifacts of the movement, especially once we have AR/VR in everyday life.
An NFT is valuable if: – Utility attached – A famous person owned/owns it – It’s attached to something which is acclaimed in the real world.I think the ones which will succeed are the ones with a great community. If you can build something together in the long-term which has a positive impact on the world – you will win!
Yes, about 98%. There are two types of projects and artworks. At this moment not many collectors more are investors. Most investors are not able to separate a fine artwork from a bad drawing. There are times I want to put out my eyes from what I see.
Yes, I have seen amazing artwork NFT, but as a real-life physical art, without marketing or a strong community push – it’s not going anywhere. On the other hand, mediocre art which does the other parts well can go quite to very far.
Rightfully so – art is superb. Even a small money, extra income to an artist can make difference silicone molds and 3d printers cost a lot.
I think if a majority of art has some value. With some exceeding all expectations. That would be a good middle. Because at the end of the day, artists need the incentive to keep being artists. Because art cannot be measured by followers, some people may have really good art yet no followers.When I collect any piece of art, it is primarily because I am connected with it and I enjoy looking at them. In due course of time, I am also happy about a tiny % of that collected piece of mind-meltingly valuable NFTs.Said another way, take profits along the way. Not everyone makes it to the NBA.
What u think? It’s the hype around the NFT that makes it saleable or its first-mover advantage or it’s purely ART?
Most of today’s NFT Projects are just for the trend and intend to provide 0 value. If you read their road map it’s like, “let’s build a community” or in the best cases “Buy and we will think about something later,” It’s sad, but true and most of them will have 0 value.
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