When will NFTs come back?

1. If you believe blue chip NFTs — Punks, Autoglyphs, Art Blocks, etc.—are similar to art, then you need them to become and remain popular with high status wealthy people who collect art today. Ownership of said NFT needs to serve a signaling value.

2. In 2021, there was some crypto-to-mainstream crossover, e.g. Jay-Z and Steph Curry, but it didn't last (although Jay-Z is still a Punk pfp). And even in that case, celebrities != high status wealthy people who collect art today. The irony is the ConstitutionDAO villain—Ken Griffin—is the ideal target for becoming interested in NFTs.

3. So how do you change that? Initiatives like @nodefoundation in fancy places like Palo Alto are a good start. Additionally, any time a major trad museum or auction house does something with NFTs, there's incremental progress.

4. But I suspect the two biggest factors will be: 1) generational change (very slow) and 2) increased screen time with next gen VR / AR (nearer term).

My take as a collector remains:

- Digital collectibles are a certainty
- NFTs capturing that market are not
- It all comes down to UX

🥑🍋 Farmer / LAMP stack dev / Husband / 🌈 Dad / Web1 dude loving a web3 world / Collector of things digital & physical / 
CdeP ‘94 

blockspace babe. cultural attaché from ‘06 twitter. adjacent possible fanatic 🌐 UTC–5

Games like Call of Duty are selling guns and skins for hundreds of thousands of dollars.  Consumers are already gobbling up digital content.  If NFTs want to be a part of that market they need to compete with the user experience that those digital products deliver now.  They didn’t do that in the ‘21-22 cycle.

as the underwriter of a healthy wardrobe that only exists on epic’s servers we couldn’t agree more

we’re so early sailor

https://media.tenor.com/OTyzZHsEcrIAAAAC/hell-yeah-hell