Some people say NFTs are already dead, but the reality isn’t that simple. Recently, Yat Siu from Animoca Brands shared an interesting perspective on the trending NFT news—he said crypto collectors with large portfolios are still the main drivers of this market.

So here’s the thing: according to him, the latest NFT news shows that this sector is far from quiet. Even though the hype of 2021–2022 has passed and many trash projects have disappeared, whales and serious collectors are still actively moving the momentum. Those with large capital keep hunting for opportunities and building long-term portfolios.

What’s interesting about this analysis is that he doesn’t say NFTs will boom again in the mainstream, but more in the direction of healthy consolidation. The NFT news we’re seeing now is more about legitimate use case—gaming, metaverse, digital ownership—than pure speculation like before.

Personally, I see this as a phase of maturation. People who are still in NFTs now are more serious, more aware of what they’re buying, and not just chasing hype. That’s why NFT news from industry figures like Yat Siu is worth paying attention to—he isn’t just throwing out random predictions, but basing them on actual market movement he observes.

So, in conclusion: NFTs aren’t dead, but definitely transformed. The market has sorted itself out between those with fundamentals and those who are purely speculating. Crypto collectors who have resources are still the engine driving growth, and that’s a signal that there’s sustainable value here.