Been seeing a lot of takes saying NFTs are dead, but honestly the narrative doesn't match what's actually happening on the ground. Just read some interesting commentary from Animoca Brands on this - and they're making a solid point that the market is far from finished.

The thing people miss is that wealthy collectors haven't abandoned NFTs. They're still active, still accumulating, still driving real volume. The difference is the hype cycle cooled off and all the noise died down. That's actually healthy for the space.

What changed isn't the technology or the use case - it's the speculation layer. When you strip away the FOMO crowd and the retail mania, you're left with people who actually understand what they're holding. That's when you see the real market fundamentals.

So yeah, the "NFTs are dead" narrative is lazy. The market is maturing. Wealthy participants are still very much engaged, and that's what matters for long-term viability. The question isn't whether NFTs survive - it's what the next chapter looks like when the dust settles.

Gate has been adding more NFT-related assets and infrastructure if anyone's been paying attention to that side of things. Worth keeping an eye on how the space develops from here.