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Eli5DeFi @eli5_defi on x 37.8K followers
Created: 2025-07-21 04:59:04 UTC
Typically, when NFTs rise, it signals a local peak for crypto markets.
NFTs → Luxury Goods
I agree with @xydotdot statement; people usually purchase luxury goods when they experience financial gains, not primarily due to anticipated profits.
This was evident during the 2021 NFT season.
A fundamental shift is occurring compared to 2021, as institutions are now entering the NFT space.
For example, traditional institutions like @vaneck_us are subtly promoting @pudgypenguins by using Pudgy PFPs, a trend others are following.
While this might not significantly impact NFTs as a whole, it introduces new nuances:
It signals to other businesses and institutions the importance of engaging with the cultural aspects of crypto, potentially leading them to launch or support prominent NFT names.
Pro-crypto regulation that benefits the crypto ecosystem can also serve as a new signal.
It could drive the development of next-generation NFTs that offer more than just profile pictures, incorporating additional utilities.
The rise of IP-AI tokenization protocols like @campnetworkxyz could catalyze the next wave of NFTs. Imagine NFTs representing real estate properties, invention patents, master recordings, amine-peptides, DNA strands, and more.
I remain cautiously optimistic about the rise of NFTs, but NFTs in this cycle might be more nuanced than just animal pictures.
Let me know your thoughts in the comment!
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Related Topics market cap luxury goods $60b $51b nft luxury signals nfts