Have been missing the NFT meta more recently. It had plenty of pros/cons but I liked the pros.

pros:

- NFT sales rev went directly to team.
- Visual aspect made it easier for visual artists and collectors to understand as it was similar to selling an original work or print.
- Smart contracts enabled genuinely compelling ways to  create digital objects
- dynamic expectations about what happened after a project was released. (zero roadmap to big roadmap)

cons:

- many projects that promised big things failed to deliver them or were outright scams
- many projects that promised nothing also went to zero.
- fractionalization never took off. 
- small groups of insiders made the lions share of $ and not enough flowed back into the ecosystem. 
- Toxic positivity/WAGMI. lots of hate directed towards people who challenged that narrative. 
- people stopped buying new tokens after they stopped making money.

pros/cons to memecoin meta as well but it's so mercenary