News NFT 'Market Collapse' Reports Greatly Exaggerated

[Admin]

Reports on the collapse of the NFT market have been greatly exaggerated, as NFT analysis specialist NonFungible releases bearish - yet evolving - dynamics.

NFT 'Market Collapse' Reports Greatly Exaggerated : Read more

 

[Deleted member 362816]

Tell that to all the people who were ignorant enough to spend 3 million on a NFT to resell and they get offered $20.

 

[UWguy]

I have a bridge to sell you

 

[drivinfast247]

I have a bridge to sell you

A real bridge or just a digital representation of one?

 

[Blacksad999]

The volume of trading is largely false, as there's a LOT of people simply trading items back in forth to give the illusion that the market is healthy and viable so that the value of their NFT's don't drop like a rock.

 

[Colif]

Have to keep the dream alive, if its seen to be dying people won't be sucked into buying them. BIg companies want to get in on this "sell people nothing" game. They can't have the market die before they get there... some are throwing everything they had away to get into market... lol https://www.pcgamer.com/embracer-tomb-raider-deus-ex-acquisition-square-enix/

FB lost 3billion last quarter on Metaverse. Its lost 20 billion in last 3 years on VR. There is a lot of money to lose if people can see NFT are nothing.

I don't see any value in owning a position on a database. You don't own anything else, the rest is smoke and mirrors to make it appear you get more.

 

[WrongRookie]

Good thing companies like Nintendo aren't into NFTs.

 

[Colif]

“The metaverse has captured the attention of many companies around the world, and it has great potential. When the concept of the metaverse is introduced in the media, games like Animal Crossing: New Horizons are sometimes brought up as examples. In that sense, the metaverse is of interest to us.

But at this point in time, there is no easy way to define specifically what kinds of surprises and enjoyment the metaverse can deliver to our consumers. As a company that provides entertainment, our main emphasis is on ways to deliver fresh surprises and fun to our consumers. We might consider something if we can find a way to convey a ‘Nintendo approach’ to the metaverse that many people can readily understand, but we do not think that is the situation at the present time.”

Nintendo's full comments on the metaverse and NFTs

Nintendo president Shuntaru Furukawa shares thought about the company's stance regarding NFTs and the metaverse.

nintendoeverything.com

they active in the elimination of all NFT based on their IP, as you just know there are pokemon based ones.

 

[WrongRookie]

Nintendo's full comments on the metaverse and NFTs

Nintendo president Shuntaru Furukawa shares thought about the company's stance regarding NFTs and the metaverse.

nintendoeverything.com

they active in the elimination of all NFT based on their IP, as you just know there are pokemon based ones.

Article strictly talks about metaverse only. Nothing is said about NFT.

I believe metaverse and NFT are different things. I don't recall Pokemon having NFTs as far as I can remember unless i'm missing something.

 

[Deleted member 14196]

there's a sucker born every minute

 

[jacob249358]

NFT is absolutely silly. Make a dumb drawing, sell it to my friend for $10,000 (I give him the money back and now we have made a $10,000 NFT from nothing. Some guy sees it and buys it for $10,000 because apparently its that valuable and we get rich.

 

[Colif]

There aren't any official Nintendo NFT but plenty of NFT look like them.

You don't own the art. You own a position on a database, the picture is just an image representing the NFT. People think they own the picture, they don't

NFT is a shell game, and they trying to get as many people as possible to play it to buy these nothings.

 

[Phaaze88]

Remembering an Angry Joe rant where a guy buys a blue NFT... no link to the video, as there's quite a few F-bombs in it.

The guy bought a position on a database for BLUE, hex code 449FF4... but he doesn't own the color, but a link/ticket, with no major backing behind it, other than what's in his hand.
I and everyone else can continue using 449FF4 and other hues of blue at our discretion with no consequences whatsoever.

So what does he have? Pyrite that he's likely going to try to sell off to some clueless sucker for profit.

 

[Colif]

and when the server that hosts the image of that color goes down, everyone can keep using it and he owns a position.. yay

 

[WrongRookie]

There aren't any official Nintendo NFT but plenty of NFT look like them.

You don't own the art. You own a position on a database, the picture is just an image representing the NFT. People think they own the picture, they don't

NFT is a shell game, and they trying to get as many people as possible to play it to buy these nothings.

Oh that I agree. I guess I misinterpreted your point so my bad on that.