Wealthy Crypto Collectors Drive NFT Market, Animoca's Yat Siu Confirms NFTs Are Not Dead

Yat Siu, co-founder of Animoca Brands, asserts that the NFT market remains active, driven by high-net-worth crypto collectors. Despite a perceived slowdown in the broader sector, Siu highlights that dedicated collectors continue to invest significantly in premium digital assets. This sustained activity from wealthy participants underscores a foundational demand within the NFT ecosystem, challenging the narrative of its decline. The market's resilience is attributed to long-term believers who see value beyond speculative trading, focusing on utility and digital ownership.