NFTs are not dead: Wealthy crypto collectors are still driving the market, says Animoca Brands' Yat Siu

Yat Siu, co-founder of Animoca Brands, asserts that the NFT market is far from dead, driven by affluent crypto collectors who continue to invest in digital assets. Despite a downturn in the broader cryptocurrency market, interest in NFTs remains strong among wealthy individuals, indicating a sustained demand for unique digital collectibles. Siu emphasizes that the value of NFTs lies in their utility and community engagement rather than mere speculation. He believes that as the technology and applications for NFTs evolve, they will gain further traction in various sectors.

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