Been seeing a lot of people write off NFTs completely, but honestly that narrative doesn't hold up when you actually look at what's happening on the ground. Just caught an interview with someone from Animoca Brands making a solid point about this.

The thing is, NFTs aren't dead at all. What actually happened is the market got flooded with garbage projects and retail hype, which made everything look dead. But if you zoom out, the real money never left. Wealthy collectors and serious players are still very much active in the space.

This is the part most people miss. While casual investors got burned and moved on, the institutional and high-net-worth crowd kept accumulating quality NFTs. They're not shouting about it on social media, but the transactions are there. These aren't people buying random JPEGs hoping to flip them next week. They're collecting strategically, treating it like any other alternative asset class.

The narrative around NFTs being dead is basically a retail narrative. It reflects what happened to the hype cycle, not what's actually happening in the market. The wealthy collector segment has been consistent, and that's driving real volume and floor prices on quality collections.

So yeah, the "NFT dead" take is way too simple. The market matured, the noise cleared, and now you can actually see who the real players are. If you're still paying attention to the NFT space, this distinction matters a lot more than you'd think.