NFTs Aren’t Dead, You’re Just Looking in the Wrong Place

You’ve surely seen those charts of NFTs crashing and burning…​

For instance Ethereum NFT transfers in freefall:

But we all knew deep down that these high-priced, PFP art projects are not the future of NFTs and web3 tech.​

Those PFPs were just a flashy distraction bound to fizzle out.

Does this mean NFTs are dead?​

Here’s where things get interesting — check out transactions on Layer 2s like Immutable:​

See that?​

Steady as she goes, even in an “NFT bear market.”

Why? Because real NFT innovation isn’t about pricey art, it’s about unlocking new possibilities:​

• Layer 2s make NFTs affordable: No more crazy mint fees!
• Gaming = The REAL Utility: Imagine owning those in-game skins, reselling them, the lot. NFTs make that possible.
• Revenue Sharing = The Big Shift: Games make money, players get a cut, the networks earn fees… Everyone wins.

Look at Immutable’s weekly revenue — over $100K! That’s millions per year, with a chunk going to token holders.​

How’s THAT for utility?

Bottom Line: Forget the PFP hype. The real NFT revolution is (currently!) happening in gaming, where ownership, value, and fun actually intersect.

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