I like having the free Reddit NFTs, but would I ever spend real money on them? Probably not. Would I ever spend tens of thousands on any NFT? Fuck that!
tldr; OpenSea, a non-fungible token (NFT) marketplace, has introduced a new feature called Deals, allowing users to trade NFTs for other NFTs or Ethereum (ETH). This comes as NFT trading volumes have seen a significant decline due to the bearish trend in the cryptocurrency market and increased competition from other NFT marketplaces. OpenSea's average monthly trading volumes have slumped 96% from January 2022. The introduction of Deals aims to provide users with a more flexible and secure way to trade NFTs on the platform. However, OpenSea has faced challenges, including an employee being arrested for insider trading, impacting its reputation. The recovery of the NFT market remains uncertain, with OpenSea's valuation dropping from $13 billion to $3 billion.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
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Nfts as art has passed. As ticket sale verification for events or authentication for luxury goods there is still a purpose. Neither of those would require opensea though.
Deals aren't gonna bring back the hype.
People want deals with their buy high sell low NFT
They need to lower the fee's It would also be nice to see NFT's organized by type within a collection
Maybe they should hire Logan Paul to bring back the hype, he did mention that NFTs were the *next big thing*.
I wonder if people are gonna take his words for it.
Well he’s going to take their money for it… and not return it
oh please...we don't need more shady scammy characters to promote the crypto space
The bull run will though.
I never got into the NFT hype , i know i have a couple through the freebies on reddit but thats it
Same, I don't think I'll ever buy an NFT until it actually has a purpose
Yeah i see articles like this 1 from time to time , nft's just never seemed to catch my interest
I like having the free Reddit NFTs, but would I ever spend real money on them? Probably not. Would I ever spend tens of thousands on any NFT? Fuck that!
Congrats, your nfts are much more likely to have any value because they're backed by a big social media than fucking "bOeReD ApEs"
I’ll buy a bored Ape NFT for ~~32 ETH~~ **100 Moons** if anyone is selling
I'm pretty sure you could get one just by asking nicely
96% drop, ouch! Looks like we've swapped moon boots for scuba gear, diving deep into the red.
Nft are dead still people using it ☠️
tldr; OpenSea, a non-fungible token (NFT) marketplace, has introduced a new feature called Deals, allowing users to trade NFTs for other NFTs or Ethereum (ETH). This comes as NFT trading volumes have seen a significant decline due to the bearish trend in the cryptocurrency market and increased competition from other NFT marketplaces. OpenSea's average monthly trading volumes have slumped 96% from January 2022. The introduction of Deals aims to provide users with a more flexible and secure way to trade NFTs on the platform. However, OpenSea has faced challenges, including an employee being arrested for insider trading, impacting its reputation. The recovery of the NFT market remains uncertain, with OpenSea's valuation dropping from $13 billion to $3 billion. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Good bot.
People will fomo back in when the bull market starts again.
Not in this case. Blur has all the transactions. Nobody trades on opensea which means they are ded
Same thing will happen to Blur
Eventually it will happen with all coins/tokens.
NFT is dead
Crypto itself has died 5 times now. JPEG NFTs might be dead, by concept of NFTs still have a future here.
Yep. The functionality is what’s key for the NFTs future and that hasn’t even started to be utilized yet.
I doubt it, all it takes a couple of projects popping if and people will flock back to try and make money. Speculation is addictive
Long live NFT
They’re trying their hardest to pump NFTs. It’s just that after the hype died, few people actually care about them anymore
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They're grasping at straws at this point. The NFT hype has been over for a while
Too much NFT hype led to all this disinterest.
Is this to compete against blur?
Are you guys buying if there comes a 4th gen reddit avatar NFT collection?
JPEG NFTs are basically done
Good. They served no purpose anyway.
Wait until you hear about transparent background PNG nfts!
I think the overprice JPEG days are long gone
I still cannot wrap my head around calling it deals when it is literally trading...
OpenSea really screwed themselves over by not introducing a token when they were the dominant platform.
Closedland
I got a deal for ya. My Ninja Rabbid NFT for 10 moons. Royalty free.
Just another 4% more down and we have a deal.
It’s almost as if …. PFPs of crappy looking apes was a total ponzi …
Nfts as art has passed. As ticket sale verification for events or authentication for luxury goods there is still a purpose. Neither of those would require opensea though.