What Are Your Thoughts on NFT and Web3 Domains? (1.Viewing)

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MicahDomains

MicahDomains

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What are your thoughts on NFT and Web3 domains? With GameStop set to launch an NFT marketplace in the coming months, and media companies pushing metaverse-related projects, will such domains see increased demand in the future?

I currently hold a few NFT and web3 domains.

nftwallets.ca
nftbot.ca
nftreward.ca
nftrewards.ca
web3games.ca
web3game.ca
web3wallet.ca
web3wallets.ca
 
A lot of people simply dislike NFT's because they see a 16x16 pixel art image of an ape smoking on a joint with a selling price of $100,000. While I do believe these useless projects are doing the entire community a disfavor, I think it is just growing pains in the early adoption phase.

I try to explain NFT's like this; You are looking to purchase tickets to watch your favourite NHL team but the game is sold out. Ticket reselling websites are charging an arm and a leg, so you avoid them. You finally find someone on Kijiji who is willing to sell you the tickets for a good price, but obviously you're skeptical because there is no way to verify the legitimacy of the tickets. Boom! If the tickets were issued as NFT's, you could verify the legitimacy right through someone's wallet.

Obviously, this is a one off example. The same can be done with car titles and property deeds, though.
 
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mcm said:
A lot of people simply dislike NFT's because they see a 16x16 pixel art image of an ape smoking on a joint with a selling price of $100,000. While I do believe these useless projects are doing the entire community a disfavor, I think it is just growing pains in the early adoption phase.

I try to explain NFT's like this; You are looking to purchase tickets to watch your favourite NHL team but the game is sold out. Ticket reselling websites are charging an arm and a leg, so you avoid them. You finally find someone on Kijiji who is willing to sell you the tickets for a good price, but obviously you're skeptical because there is no way to verify the legitimacy of the tickets. Boom! If the tickets were issued as NFT's, you could verify the legitimacy right through someone's wallet.

Obviously, this is a one off example. The same can be done with car titles and property deeds, though.
Click to expand...

Agreed, if there are some real potential uses, then someone needs to start bringing that to the forefront, otherwise it just hurts the entire concept.
 
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There is certainly a speculative bubble component to this early phase that makes very little sense, but I do believe that with further adoption of the concept, we will see real-world usage in the years ahead. Two areas I'm watching are gaming and finance. NFTs could be a way to issue dividends. I only have few dollars invested in the domains, so comfortable to wait it out and see where it all goes.
 
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