2026-01-13 18:26:07

There was a time when the crypto crowd was convinced NFTs would revolutionize finance itself. Digital collectibles were going to reshape asset ownership, unlock new revenue streams, and become the foundation of Web3 infrastructure. Looking back at those early projections versus where we actually are now—that gap between hype and reality is pretty striking. The market's matured enough to separate the genuine use cases from the pure speculation phase. Worth reflecting on how quickly narratives shift in this space.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

5 Likes

Reward
5
4
Repost
Share

Comment

0/400

OffchainOracle

· 7h ago

Well, I also followed the trend and bought NFTs back then. Looking at it now, it's really quite awkward haha.

View OriginalReply0

StableNomad

· 7h ago

ngl the "nft revolutionizes everything" era hits different when you're bagholding jpegs that lost 95% of their floor. statistically speaking, we're basically where darkpool derivatives were in 2017—everyone's suddenly talking about "real use cases" after the rekt. reminds me of UST in May except this time there's actually something to salvage lmao

Reply0

Layer3Dreamer

· 7h ago

theoretically speaking, if we map the narrative collapse onto a recursive SNARK framework... the hype cycle itself becomes a state verification problem, yeah? the beauty is that unlike ZK proofs, we can't just compress away the billions lost lmao

Reply0

OnChainDetective

· 7h ago

That wave of NFTs? I still remember some big players aggressively accumulating floor prices at the beginning of 2024. What happened later? I tracked on-chain for three months but couldn't catch any results. Now they talk about a "narrative shift," isn't it just institutions taking profits and then changing the concept? Data shows that blue-chip NFT trading volume has dropped by 87.3%, but look at those whale wallets—funds have never stopped flowing... This doesn't add up.

View OriginalReply0