Each new cycle brings an explosion of wealth creating opportunities. What's scary for some (who are new to NFT space) is that this looks like a sort of ending. But. The NFT investment class is only growing. I invite you to just look at the past 6 years of crypto developments

2017: ICOs. Proved Etherum had real world utility as a captial raise tool at some scale. 2018-2020: Defi. New financial primitives born. Financialization of tokens

2020-2021: NFTs. NFTs as a 'legit' investment class recognized. Development of basic NFT infrustructure 2021-2023: NFT Financialization Defi comes to NFTs. Expanded NFT primatives. Leverage, liquidity pools, perps introduced into NFTland. PFPs recognized as digital luxury

2023 + ? We've come a long way. We still have a long way to go. But progress is here. NFTs have opened a brand new financial class. We are still in the experimentation phase, BUT I'm extremely excited to see what will emerge. Here is where I think NFTs go the next 5 years.

1) As a Luxury PFP, enhanced by brand drip Brands will sell digital traits in partnership with PFP brands. Increases social flex. The seems a natural extension of where PFPs, representing both digital identity AND digital wealth will go. @Memeland is going in this direction

@Azuki is aiming to become a luxury brand PFP. The recent mint fumble not withstanding, I am still betting on the team to refocus and get back to delievering something outstanding. They will have to prove by executing at the highest level to regain trust.

2) Web3 Gaming Web3 games are one of the most exciting potential NFT usecases NFTs give ownership to players of the game economies and create global liquidity market for ingame assets. Ingame assets become asset classes. Game worlds become real world economies

Native web3 game companies will explore this model first, but with success stories, more triple AAA studios start to experiment with NFTs. It will start with a trickle and become a flood.

This is why I am extemely bullish and taken positions in a few ( @Pixelmon , @ValeriaStudios , @TOPIAgg ). To work imo we need a combination of aligned incentives with sustainable game economy. Also needs to be free to play to scale and not token gated Play to own NOT play to earn

3) Brand NFT Membership Passes Luxury brand will utilize NFTs to give targeted perks within the brand ecosystem and build loyalty. Examples -Patek or AP with NFT passes rewarding buy rights on limited edition watch collections -Luxury brands offering curated VIP experiences

A variation of the brand NFT pass will be NFTs sold by celebs/influencers to their fans which offer special access into that person's social sphere / lifestyle with meetups/parties/events attended to by said person

5) Tokenization of Physical Assets NFTs can represent real world assets on blockchain. Imagine selling real world property as an NFT. Or fractionalizing property to 100 owners? Could open up illiquid assets to a global liquidity pool IF legal infrustructure can codify this.

The above are just a FEW of what NFTs, as a technology, can bring. While PFP collections have taken a hit (only ONE use case of the NFT), I believe many bluechip PFPs will indeed come back in value. The PFP, as a luxury asset, I believe has become established at this point.

The value of PFP nfts may rise and fall, BUT as digital identity becomes only MORE pervasive, so does the need to encapulate that idenity with a digital persona. PFPs are integral to this. And humans being humans, the ability to flex wealth at the same time, is also important.

@graildoteth appreciate your long-form thoughts This is my first full cycle and while this is all new I cant shake the feeling that what is happening here will be extremely important being negative is too easy anyway

@huntersolaire_ This too shall pass. When everyone is crying that it's over, it as that moment that things really begin. NFTs have not really had a 'bear' moment like we have now. The NFT space will come out of it less fragile and stronger for it I believe. Down bad, but never out. 🫡

@graildoteth As of web3 gaming, do you have high expectations for otherside, and what Yuga is branching out to?

@SEMB_xD I wish yuga well. Going to be interesting to see how they scale the game. But imo having expensive NFTs token gate the game experience, especially owned by players (most who don’t game) who are expecting a financial return for their early investment of said NFT are a huge…

@graildoteth Well said Grail

@graildoteth we ride it out together bro 🫡