I believe this is a great time for NFTs, perhaps counter-intuitively looking at timeline sentiment in recent times
Yes, Opensea been fumbling the little NFT momentum there was, so far
Yes, Punks are down like half a BTC in two weeks
Ordinals on Bitcoin been grinding down for 18 months ish even
and tbh that's the case pretty much across chains, with few exceptions
But NFTs - especially real art & with real core communities - are not going to disappear off the face of the digital earth
ever
The reality is that there simply aren't that many real collectors out there
This is true in the irl world & at this moment in history even more so in the digital art world
So, assume that digital art isn't going away (easy assumption)
then t's a great moment in history for the few collector buyers who are already here, to pick up relatively cheaper pieces from the much more prevalent pure speculators, who largely moved on / are moving on to different pastures
Most collections won't really come back ever ofc, but that's neither here nor there
many were way overvalued, speculatively but not fundamentally or for love of the collectible, anyway
But the 🐐 tier ones will just grind up if zoom out over long enough time horizon, imho
driven by a much more solid holder base which actually wants to hold these pieces
Process which takes time (do the math if 2 pieces of a 5-10k or even smaller, per day, move into collector hands, net net)
& this process & these times are to be enjoyed if you like to collect for the long haul
🟧

10,1 mil
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