Some of the most successful CT participants never got NFTs and still don’t in spite of the fact they’ll trade memecoins. Cobie himself spent most of the first NFT cycle as the biggest NFT hater before partially capitulating I just want to remind people this isn’t new, and the entire NFT cycle a significant portion of crypto natives refused to touch them, absolutely HATED them and seethed the entire cycle. The hate that memecoin trenchers received the past 3 years is nothing compared to the hate NFT twitter received from the older incumbent perp trader-centric CT When NFTs come back, a large percent of these people still will never get it. They won’t get it in spite of the fact that the art market has outperformed the “up only” American stock by 165% between 1995 and 2022. This outperformance has existed the entire time the stock market has existed, and is even more dramatic when only looking at the top artists/fine art Digital art was never capable of supporting true ownership due to the frictionless nature of digital files with no digital trail, until NFTs came along and solved that. Now digital files can reflect true ownership on the blockchain even as digital copies spread frictionless. Digital art does not decay, digital art verified onchain cannot be faked period, digital art can be viewed by the entire online world, not just people who enter your home and see your personal art collection Digital art will never replace physical art, and that’s not at all what I’m implying. But art on the blockchain being the first art ever truly capable of being “owned” digitally means, of that art, which is either culturally relevant or simply loved, will be considered “art” just like various physical mediums for art. It’ll be its own category and have its own art history, and we’re still at the genesis of that category’s history. Intuitively, that category will be important and large, since the digital world itself is important and a large part of the modern human experience Have said this since 2020 and it never stopped being true for me: of all the theses for use cases of crypto, NFTs being a new technological primitive for true ownership of digital art, digital collectibles and digital items that human value, is so glaringly obvious that it’s right up there with the BTC whitepaper and stablecoins, and I have never once second guessed its inevitability as a ubiquitous technology NFTs “coming back” has been a running joke to 90% of CT who never expect them to actually come back. But for the few of us who understand it’s importance as a technological primitive, and the cultural importance of the early relevant art onchain, we always knew it was not a joke and was inevitable