[NFTs aren’t dead, they’re just moving through the cycle] @LucaNetz keeps his view on the nft market very simple. not everything needs a “death narrative”. “No, I think the NFTs are going through its four-year bear cycle and we're probably at the end of it.” look at the timeline: - 2021 → mania - 2022 → collapse - 2023 → disbelief - 2024 → exhaustion the pattern is almost identical to how speculative markets usually behave. what’s interesting is that while many people say nfts are dead, the physical collectible market is exploding. - pokemon - trading cards - sports cards a lot of speculative capital is flowing there right now. “Digital collectibles will win once again.” today the collectible market is still dominated by physical items. roughly: > 99% physical collectibles > 1% digital collectibles in a world becoming increasingly digital, that ratio will not stay the same forever.

cc: @LucaNetz, @paulbarron, @paulbarrontv