NFTs making a comeback or just another dead cat bounce?
Volume's ticking up, floor prices stabilizing on some blue chips. But let's be real - 99% of 2021 jpegs are still underwater.
What's actually moving:
• Gaming NFTs with utility
• Bitcoin Ordinals gaining traction
• AI-generated collections finding niche buyers
The PFP mania? Still dead. But functional NFTs tied to real utility or on-chain culture? Different story.
Watch the $ETH gas fees and OpenSea volume. If we see sustained 3-month growth, maybe there's something. Until then, it's just noise from people trying to exit their bags.
NFTs aren't "back" - they're evolving. The question is whether you're betting on utility or hoping for another speculative wave.
Volume's ticking up, floor prices stabilizing on some blue chips. But let's be real - 99% of 2021 jpegs are still underwater.
What's actually moving:
• Gaming NFTs with utility
• Bitcoin Ordinals gaining traction
• AI-generated collections finding niche buyers
The PFP mania? Still dead. But functional NFTs tied to real utility or on-chain culture? Different story.
Watch the $ETH gas fees and OpenSea volume. If we see sustained 3-month growth, maybe there's something. Until then, it's just noise from people trying to exit their bags.
NFTs aren't "back" - they're evolving. The question is whether you're betting on utility or hoping for another speculative wave.