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Is the NFT space a bubble? 😱

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ratblock3

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Is the NFT space a bubble? 😱 in General Cryptocurrency Discussion_xx
NFT doubters have been warning for some time now that the current mania, and possibly bubble, around non-fungible tokens, is extremely unsustainable.


But, what's your take on this? Do you think it is a bubble that will eventually pop? 😰




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#1 - May 06, 2022, 05:26:31 AM
« Last Edit: May 17, 2022, 04:18:41 AM by ratblock3 »

smdburst

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Is the NFT space a bubble? 😱 in General Cryptocurrency Discussion_xx
Most of the values assigned to "art" in the NFT space is hard to justify. 

However, NFTs on block chains can be used for other things.  Contracts, certificates, proof of off-chain transactions, for example.  I can use an image to "prove" is made a cash deposit.   This use of NFTs may justify all  the hype.
#2 - May 06, 2022, 03:24:38 PM

libertasbella

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Is the NFT space a bubble? 😱 in General Cryptocurrency Discussion_xx
Some will remain valuable, but the majority of the things will be curiosities at best one day.
#3 - May 16, 2022, 06:05:32 AM

ratblock3

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Is the NFT space a bubble? 😱 in General Cryptocurrency Discussion_xx
Quote from: libertasbella on May 16, 2022, 06:05:32 AM
Some will remain valuable, but the majority of the things will be curiosities at best one day.
That's an interesting take. What do you think makes some NFTs valuable while others are not?
#4 - May 17, 2022, 04:19:08 AM

libertasbella

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Is the NFT space a bubble? 😱 in General Cryptocurrency Discussion_xx
Quote from: ratblock3 on May 17, 2022, 04:19:08 AM
That's an interesting take. What do you think makes some NFTs valuable while others are not?
Just a gut feeling. NFTs probably won't be as popular ever again, but the ones that are famous now will remain popular among NFTs' limited remaining enthusiasts.
#5 - May 23, 2022, 05:12:38 AM
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