Will NFT Lose its value in the Long Term

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We are seeing a craze of NFTs everywhere, some people are buying them for a good amount of money and because of this many well-known companies are coming forward to launch their own NFTs just to raise some money.

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PC: Pixabay.com

If we talk about NFT or Non-fungible token is a token that is unique and cannot be replaced with anything else, for example, any coins like Bitcoin or Hive are fungible where you can trade for another Bitcoin or Hive but in the case of NFT it is a one of a kind token which is non-fungible and cannot be replaced with another one.

There might be 100's of NFT but all tokens will be one of a kind and will not be equal to the others. NFTs are anything digital like drawings, photos, music, anything but mainly now the excitement is coming where so many well-known companies are coming forward and creating their own NFTs.

The newest entry to NFT is Starbucks, the below is the tweet about it

For those of you praying that I was kidding, here's the video proof.

In an address today aimed at unionizing workers, multi-billionaire Howard Schultz revealed that Starbucks is going to get into the NFT business "sometime before the end of this calendar year" pic.twitter.com/Jb2rGjgHj4

— Jordan Zakarin (@jordanzakarin) April 5, 2022

Now the big companies coming into the NFTs are a boost to the NFT market but will the NFT's value will lose in the long term when the craze about it goes away. For example, I will not be paying thousands of dollars to get art created by any companies, I know someone will be there who can purchase it but mainly to own it and not trade it.

Very few in the world will be buying it and holding it for years to think it will increase its value, I might be wrong because people might collect it to keep it as a one of a kind token. But in my opinion, when we have so many NFTs created by so many well-known companies there will be very trade will happen at the high level and most of them will be done at the base level and most of them will buy just to keep it or if someone is actually a collector.

Though NFT is a craze now, but I think in a long term there will be very few NFTs which people really want to get a hold on and most of them will lie with the seller as there will be less and less buyer when the markt is oversaturated with so many NFTs.

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8 comments
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Damn, I haven't had time to make my first picture in the NFT yet, and there is already talk that the NFT may soon lose its value. lol. I think that over time, this will have to happen, the price will start to fall, but not the fact that again. over time, growth will begin, if we rely on the development of new types of creativity.

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Yes, when the development happens we will have a few more projects coming in, today NFT tomorrow anything else. But the value will not be hyped as it is now.

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B20. The reason for many disappointments is that coin owners do not focus all their attention on one project, but tend to start new projects.

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NFT value is hard to determine, but you can determine, which projects are more likely to have long term value and which will not. 🙂

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That's true, but the thing is when people give Price a criteria for finding which projects are more likely to have long term value is wrong.

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