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What lies ahead for NFTs, and which will prosper during the Bear Market?

A small group of crypto enthusiasts who somehow had the vision that what they believed in will one day change everything produced the first wave of non-fungible tokens (NFTs). So it turned out. However, they were not truly ready for what would follow.

The second wave of NFT developers included sharp thinkers and money grabbers with occasionally less than honourable intents. Due to the nature of their “rarity,” these opportunistic few started producing computer graphics with little changes that would sell out in a matter of minutes.

A small group of crypto enthusiasts who somehow had the vision that what they believed in will one day change everything produced the first wave of non-fungible tokens (NFTs). So it turned out. However, they were not truly ready for what would follow.

The second wave of NFT developers included sharp thinkers and money grabbers with occasionally less than honourable intents. Due to the nature of their “rarity,” these opportunistic few started producing computer graphics with little changes that would sell out in a matter of minutes.

NFT collection exploded almost immediately. The secret was to entice consumers with anticipation and FOMO (fear of missing out) by portraying the concept that if they did not invest, they would miss the chance to instantly become millionaires. Completely hyped

For those who were moving quickly into the profession, it was the ideal emotional play. In many ways, the phrase “Eat first, maybe think of the morality” expressed a pretty raw and terrible aspect of human nature.

The jargon had to be learned. Screw being truthful! You’re done if you smell weak!

So, is NFTS complete?

Without a doubt. How about maximising the advantages for all of humanity by utilising our newly acquired intelligence? Isn’t there unlimited potential for happiness in the universe for all of us? especially if we stop producing goods that people desperately want but don’t actually need and only provide them if they pay exorbitant prices for them!

In fact, the potential for restoring truth and authenticity is virtually endless with blockchain technology and web 3.0. Simply rearranging the logic will do.

The empowerment of the underprivileged is the crypto ideal. Those hopes have since been dashed, and the party is winding down. We begin to feel a moral itch in the back of our minds. Does this make sense once more?

Forget about those fresh newcomers who started investing in cryptocurrency in 2021. The crypto whales also do not like this realisation. The majority of them are aware that in this system, morals and genuine links to reality did not fare well. Responsibility will now rise to the top and speak for itself in some way.

Whales came to understand how the #all-is-fucked-anyway mindset turned them into warriors with nothing to lose. They do, however, have the opportunity to take action because they have millions in their accounts!

What’s the next step for us?

In many aspects, NFTs will need to demonstrate their true value; otherwise, the sceptics will be proven correct. It’s a battle between people who think NFTs are “just hype” and those who think they can fill in the gaps. Who will triumph? We have to do it!

NFTs have the ability to serve as an enduring example of something significant. a hub for connecting smart contracts that can carry out a vision devoid of interference or corruption from evil guys!

Since we can represent anything by creating the system in the way we desire, it is no longer a pipe dream to be able to convey “value,” as in societal values of things we truly should esteem like truth or kindness.

NFTs have the potential to be significant and can fill in the gaps left by externalities and the previous financial system. NFTs have the potential to benefit everything from the ocean to animal life (#tragedy-of-the-commons).

Consider the carbon trading platform #NFTree (https://nftree.org/), animal conservation (https://unuverse.io/), or air quality—anything that is based in reality and makes use of this cutting-edge technology. This new paradigm is capable of representing all of this. And perhaps by doing this, we could genuinely make people worthy of living once more on our planet.

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This article is just for educational purposes.

Make your own exploration before making any form of investment, as always.

Possessors, holders, suckers, members of the community, jumbos. Want to give your composition a boost by putting it at the top of the homepage? == > Get in touch with us!

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