Problems with traditional NFT projects
Last updated
Last updated
The biggest problem with traditional NFT issuance is the lack of liquidity of NFT. Many participants’ final NFT can only be reduced to scrap without any value.
1.NFT lacks liquidity： Because traditional NFT does not have a liquidity pool and can only rely on simple pending orders for transactions, the transaction delay is greatly increased, and the true value of NFT is difficult to be reflected.
2.NFT price bubble is too big and has no anchor： Because traditional NFTs are not associated with any valuable applications or tokens, they can only rely on market promotion for value evaluation, resulting in the value of many NFTs creating huge bubbles, confusing subsequent participants, and wasting a lot of money.
3.Traditional series of NFTs have too large a circulation, which greatly reduces the collection value： Because traditional NFTs rely on databases for generation, many issuers do not limit the number of NFTs at the beginning of issuance, which often leads to an overflow of NFTs and greatly reduces the value of NFTs.
