Been seeing a lot of takes lately saying nfts are dead, but I just came across something interesting from Animoca Brands' Yat Siu that pushes back on this narrative pretty hard.

The thing is, while everyone's writing obituaries for the NFT space, there's still real money and serious collectors driving activity behind the scenes. It's not the retail FOMO we saw in 2021-2022, but that's actually healthier for the market long-term.

Yat Siu's point is pretty straightforward - nfts are dead is what people say when they're only looking at surface-level metrics. But if you dig deeper, wealthy crypto collectors are still actively accumulating, still building collections, still seeing value in digital assets. These aren't casual traders chasing hype. These are people who understand the technology and the potential.

The narrative around nfts are dead got amplified because the speculative bubble burst. Totally fair. But that doesn't mean the underlying use cases disappeared. Digital ownership, provenance, community access through NFTs - these things still matter to people who actually use them.

What's changed is the market composition. You've got institutional players, serious collectors, and projects with actual utility now. Less noise, more signal. The market's consolidating around real value rather than pure speculation.

So yeah, nfts are dead if you're measuring success by 2022 trading volumes and hype levels. But if you're looking at adoption by serious players and actual use cases, the story's completely different. Worth paying attention to what's actually happening in the space rather than just accepting the 'everything's dead' narrative.