Okay, okay, I hear you. The crypto bros are in their Nicholas Cage phase profiting off of every memecoin hooting and hollering right now. You’re seeing Doge this, Pepe that. NFTs? Old news, right? The cool kids have moved on.

Dead? Please. NFTs are only barking to warm up their pipes for the encore. This is not a memorial; this is a VIP ticket to an actual revolution. And I, Sokha Chan, your resident NFT aficionado, am here to tell you all about it.

Let's address the elephant in the room: the "NFTs are just overpriced JPEGs" crowd. This line of reasoning is about as smart as claiming cars are simply fancy horse buggies. Misses the entire point.

Beyond JPEGs Utility Is Brewing

We’re talking about provable digital ownership. That’s a fundamental shift. It’s not simply about having the ability to claim possession of a digital image of a bored ape (although, surprise, those can be neat too). It’s about having control over your corner of the internet. A piece of a game. A piece of your favorite artist's soul.

And that's just scratching the surface. We’re not just referring to loyalty programs, ticketing, digital identity… the list goes on. The tech is here. The vision is here. All of that just requires some imagination… and perhaps a few more billion dollars in the fiscal soup.

Even macro finance guru and CryptoPunk OG Raoul Pal understands this. And he’s forecasting another bull market to last until the end of 2025. His advice? Crypto first, then NFTs. Why? Because art is upstream of wealth.

  • Music: Forget buying albums. Buy a piece of the song. Snoop Dogg gets it. Lords of Acid gets it. You get royalties, exclusive access, the whole shebang. It's like owning stock in your favorite band.
  • Movies: Netflix exploring NFTs? Hellooooo, NFT-based ratings. Imagine owning a piece of that next blockbuster movie. Or exclusive behind-the-scenes content.
  • Casinos: Virtual casinos with NFT-based collectibles? The gambling industry always adopts new tech. This is a no-brainer. Imagine owning a piece of the virtual "house."
  • VR/Metaverse: Land ownership, virtual goods, avatars… NFTs are the foundation of the metaverse economy. You can't build a digital world without them. It’s like building a real city without property titles. Utter chaos.

Think about it like this: the first wave is the tech infrastructure (Bitcoin, Ethereum). The second wave is the apps that are going to ride on top of that infrastructure. And NFTs are a huge component of that second wave. They’re not just a fad, they’re the very fundamental building block of the future internet.

Raoul Pal Sees The Banana Zone

Lobbyist Raoul ain’t just some noisy dude on Twitter, though. He understands the macro picture. That’s why he believes NFTs can be a multi-trillion dollar market. And he’s backing up those words with dollars.

Okay, so memecoins are having their moment. Big deal. They’re … , like that kid at the party who just makes a lot of noise but serves no useful purpose. They’re fads, they’re dangerous, and they’re full of boondoggles.

They're not the death of NFTs. They're a distraction. They’re the shiny object that everyone is chasing out front while all the real innovation is going on behind them.

Memecoins Are A Distraction, Not Death

Think of it like this: during the dot-com boom, everyone was obsessed with Pets.com. However, behind the scenes, companies like Amazon were laying the groundwork for what we now take for granted as the modern internet. Memecoins are the Pets.com of crypto. NFTs are the Amazon.

They'll have their time in the sun, and then they'll fade away, leaving behind a trail of broken dreams and empty wallets. NFTs will never stop creating, inventing and shaking up markets.

Remember 2021? NFTs were everywhere. Celebrities were shilling them. Mainstream media was covering them. And yes, that was your grandma all last summer asking you about Bored Apes.

Because humans are inherently greedy. We love shiny objects. We love getting rich quick. And of course, NFTs can provide the opportunity for huge windfalls.

Mania Phase Is Coming Again

When the retail investors dropped off, when they come flooding back into this space, they’re not going to be settled for things like memecoins. They're going to want something more. Something with utility. Something with status.

They’re the wonderful intersection of speculation, art, and community. They’re the 21st century’s true high status symbol.

Even if the mania phase of their adoption never returns (which would be very unusual), NFTs are indeed here to stay. Their possible use cases are just too varied and too persuasive to dismiss.

Think about the metaverse. Think about digital identity. Think about the future of ownership. NFTs are the secret to empowering each of them.

They're not just a trend. They're a technology. And as with all technologies, they will continue to improve, become more widely adapted and eventually change the world.

Long-Term Potential? Undeniable!

So, when the next person tells you it’s over for NFTs, don’t get mad — get even. They have no idea what's coming. The party is just getting started. And I, Sokha Chan, your humble correspondent, will be there to chronicle each and every one of those glorious, meme-filled moments. Now, where's my digital champagne? It’s high time we honor what the true future of the internet looks like.

Think about the metaverse. Think about digital identity. Think about the future of ownership. NFTs are the key to unlocking all of these things.

They're not just a trend. They're a technology. And like all technologies, they will evolve, adapt, and ultimately change the world.

So, the next time someone tells you that NFTs are dead, just smile and nod. They have no idea what's coming. The party is just getting started. And I, Sokha Chan, will be there to document every single, glorious, meme-filled moment. Now, where's my digital champagne? It's time to celebrate the real future of the internet.