This week’s featured collector is allinred

Allinred is a concept artist. Take a look at their collection at lazy.com/allinred

What do you think of the proposed Pudgy Penguins NFT ETF?

Last week’s poll reveals a mixed reaction to the proposed Pudgy Penguins NFT ETF. The majority of respondents, 45%, expressed indifference, selecting “Meh,” indicating a lack of strong enthusiasm or dislike. Meanwhile, 27% of participants indicated enthusiasm by choosing “I love it!” while an equal percentage, 27%, selected “I’m not sure,” suggesting uncertainty or a need for more information. Notably, none of the respondents explicitly disliked the idea, as indicated by the 0% selection for “I hate it!” This suggests that while interest is moderate, there is minimal outright opposition to the proposal.

Are NFT Vibes Improving?

The recent article, “Is a Crypto-Friendly Administration Igniting New Passion for NFTs?” by Jiayin Chen, explores how NFTs have become intertwined with current political dynamics, sparked by recent administrative changes in the U.S. government.

Chen highlights the volatile crypto market under the new U.S. presidency, noting Bitcoin’s dramatic fluctuation—from an all-time high of $108,000 to as low as $79,000—and Tesla’s temporary stock price surge. One particularly striking development was FTX’s surprising comeback from bankruptcy, repaying customers at 119 percent of their original claims, offering better returns than traditional savings accounts. This recovery symbolizes broader optimism brought by David Sacks, appointed crypto czar, and the administration’s bold plans for a “Strategic Bitcoin Reserve” aiming to position the U.S. as the world’s crypto hub.

A vital thread of the narrative is the unintended politicization of NFTs. Chen notes, “NFTs, still a major use case of cryptocurrency, have become somewhat inadvertently entangled with the political sentiments now dominating the crypto space.” A long-time anonymous collector describes the perception issue candidly: “The first thing Trump did after the election was issue his own coins and made hundreds of millions from it. It’s a bad look for the industry, and it made people see everyone in the space through the same lens.”

Despite political and reputational challenges, NFTs are witnessing a revival. High-profile sales like Sam Spratt’s “X.Masquerade” fetching $3 million and Christie’s successful “Augmented Intelligence” auction indicate renewed enthusiasm. Established NFT communities like CryptoPunks have continued to thrive; their sales exceeded $200 million even during quieter market periods. Niftynaut, a CryptoPunks collector, sharply notes the market saturation: “Most projects are destined for irrelevance. Outside of the true innovators, what we saw was an endless parade of derivative cash-grabs with no meaningful innovation, purpose, or creativity.”

Institutions are increasingly investing in digital art, reflected in initiatives from prominent museums like the Met and Tate Modern, along with investment entities such as Hivemind Capital’s Digital Culture Fund. Matt Zhang, Hivemind’s founder, observes an eventual maturity in market perception: “Over time, we expect digital art to become less tied to crypto cycles—especially as more collectors, museums, and institutions treat it as part of fine art.”

However, technical infrastructure remains a significant challenge. Jason Bailey (Artnome) highlights the risk to digital art preservation, warning of lost access when Web3 companies fail: “Every single image from those 1990s websites is broken because over time, people stop paying for storage…The same thing could happen with NFTs.”

Conclusively, the new administration’s classification of NFTs as “collectibles” regulated by the CFTC signals industry-friendly intentions, yet uncertainty remains. Bailey encapsulates the cautious optimism: “Right now, with heightened global instability and volatility, markets in general are reacting cautiously. However, there is also potential for progress.”

To fully grasp the complexities and implications discussed, readers are highly encouraged to explore the original insightful article in depth.

Learn more at ArtNet.

What do you think: are NFT vibes improving?

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This week’s featured collector is blueraccoon

Blueraccoon is a collector of nostalgic NFTs. Check it out at lazy.com/blueraccoon

The One NFT You Can Keep… Imagine a wild scenario: All but ONE of your NFTs will vanish forever. Which type are you saving?

In a fascinating poll, NFT enthusiasts were asked to make an impossible choice: If all but ONE of their NFTs would vanish forever, which type would they save? The results reveal some intriguing priorities and hint at what really matters most to collectors.

Here’s how the votes stacked up:

• Favorite 1/1 Art NFT (50%) – Art holds the crown, proving that uniqueness and personal connection often outweigh financial value.

• OG Blue-Chip NFT (25%) – A solid quarter of voters would cling to their blue-chip classics, emphasizing the importance of legacy and prestige.

• The One Worth the Most ETH (25%) – When push comes to shove, the value in the market still speaks volumes to many.

• A Completely Random One (0%) – Unsurprisingly, pure randomness didn’t earn much love. It’s all about meaning and worth.

The verdict? While market value and status are important, the emotional and creative connection of unique art NFTs ultimately reigns supreme. It’s a reminder that despite all the financial speculation, the NFT space is still driven by personal passion and artistic expression.

Breaking New Ground: The First NFT ETF is Coming

Exciting news for NFT enthusiasts—asset manager Canary Capital has officially filed to launch a exchange-traded fund (ETF) holding that holds NFTs. In this case, the ETF would hold Pudgy Penguins NFTs along with the PENGU governance token. If approved, this innovative ETF would become the first U.S.-based ETF to directly hold NFTs, marking a significant milestone for digital asset integration into traditional financial markets.

According to U.S. regulatory filings, the ETF will not only hold spot PENGU tokens but will also directly invest in various Pudgy Penguins NFTs. Additionally, the fund will maintain holdings in essential digital assets, including Ethereum (ETH) and Solana (SOL), necessary for transactions involving PENGU and Pudgy Penguins NFTs.

This filing by Canary Capital arrives amid a broader wave of ETF proposals seeking exposure to cryptocurrencies, including Sui, XRP, and SOL, as well as prominent memecoins. While some analysts question the mainstream uptake of ETFs tied to less-established cryptocurrencies, this ETF could play a pivotal role in attracting traditional investors to the NFT market.

What could this NFT ETF mean for the future of NFTs? Approval of Canary Capital’s ETF would symbolize mainstream institutional acceptance and could potentially drive increased liquidity, market stability, and broader investor participation in NFTs. It could serve as a significant validation of NFTs as valuable, investable assets worthy of inclusion in diversified portfolios.

Stay tuned as we follow these exciting developments closely. The NFT space continues to evolve, and landmark moments like this could shape its trajectory significantly.

Learn more at CoinTelegraph.

What do you think the proposed Pudgy Penguins NFT ETF?

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This week’s featured collector is clairvoyantart

clairvoyantart is a collective of artists and their collection is wild. Check it out at lazy.com/clairvoyantart

What does the SEC’s decision on Yuga Labs mean for NFTs?

The poll results reveal mixed sentiments about the SEC’s decision on Yuga Labs, highlighting uncertainty rather than a strong industry-wide reaction. The top responses—helpful regulatory clarity (33%), bullish sentiment (33%), and not much impact (33%)—suggest that while some see the decision as a step toward clearer guidelines, others believe it won’t significantly alter the NFT landscape. Notably, no respondents viewed it as a major validation for the NFT industry or a catalyst for innovation, indicating that the ruling is seen more as a procedural development than a game-changer. This split underscores how regulatory moves in the NFT space continue to be subject to varied interpretations and expectations.

Learn How to Build Your Own NFT Trading Card Game

If you’ve ever imagined what Pokémon TCG would look like as an NFT game, then you need to check out this incredible tutorial by Thirdweb. They walk you through the entire process of creating a fully functional NFT trading card game from scratch. In this tutorial, you’ll learn how to mint NFT cards, create customized card packs, and even sell them on a blockchain marketplace. By the end, you’ll have a complete Web3-powered application with smooth animations, dynamic visuals, and a trading system that allows players to collect, open, and sell card packs seamlessly. Whether you’re a developer curious about blockchain gaming or a creator looking to launch your own NFT project, this tutorial is packed with insights.

One of the best things about this tutorial is that Thirdweb makes the entire process easy to follow, covering both smart contract deployment and frontend integration. You’ll start by deploying an ERC-1155 contract for your NFT collection, add unique attributes to each card, and then set up a pack contract to bundle NFTs into collectible packs. After that, you’ll learn how to list these packs for sale using a marketplace contract, allowing users to buy, sell, and trade their NFT cards. Finally, the tutorial walks you through building a beautiful, interactive frontend, giving users a seamless experience to manage their collections, purchase packs, and reveal new cards.

So if you’ve been looking for a practical way to dive into NFT gaming, this tutorial is the perfect place to start.

Watch the tutorial here.

The One NFT You Can Keep… Imagine a wild scenario: All but ONE of your NFTs will vanish forever. Which type are you saving?

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This week’s featured collector is imdfnman

imdfnman has a large collection of Ethereum NFTs. Check it out at lazy.com/imdfnman

What comes next for NFTs?

Last week’s poll asking “What comes next for NFTs?” revealed intriguing insights into the community’s expectations. A decisive majority (57%) anticipates AI playing a pivotal role by taking over NFT production, hinting that algorithmic creativity might soon step into the spotlight. Meanwhile, predictions of a creative renaissance, NFTs going mainstream, or even fading out entirely each captured 14%—showcasing a lively debate about the future trajectory. Interestingly, no participants foresee a “major resurgence,” reflecting a cautious outlook rather than outright optimism. Yet, the poll underscores a vibrant curiosity around NFTs’ evolution, signaling that, regardless of direction, innovation and creativity will remain center stage.

SEC’s Yuga Labs Decision: A Big Win for the Future of NFTs

The NFT community just received major news: The U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into Yuga Labs—the creator of the iconic Bored Ape Yacht Club (BAYC)—without any enforcement action. This decision isn’t just good news for Yuga Labs; it’s a landmark moment for NFT creators and collectors alike.

For those who’ve been watching closely, Yuga Labs had been under scrutiny since 2022, with regulators questioning whether NFTs and ApeCoin distributions violated securities laws. The SEC’s decision to close this case underscores something industry advocates have argued for years: NFTs fundamentally differ from traditional securities.

Greg Solano, Yuga Labs’ CEO, called this a “huge win,” emphasizing its significance for “all creators pushing our ecosystem forward.” It’s an encouraging sign that could help foster greater innovation in the NFT space, reassuring creators and collectors about the legal status of NFTs.

However, the bigger story here is nuanced. Despite this regulatory win, the market dynamics tell a different tale. While Bored Ape Yacht Club NFTs briefly saw a floor price spike after the announcement, jumping nearly 4% in a single day, they remain far from their peak. Today, Bored Apes are down approximately 91% from their all-time high nearly three years ago.

This disparity between regulatory optimism and market reality highlights the continuing NFT bear market.

Meanwhile, Zora—another innovative player in the NFT and crypto ecosystem—recently announced its upcoming “for fun only” memecoin on the Optimism-based Base network. Zora’s move, marked by a substantial airdrop planned for spring 2025, exemplifies a contrasting yet complementary trend: tokens designed explicitly without governance claims, meant purely for community enjoyment and engagement.

Zora’s strategy signals a fresh wave of NFT and token creativity, where fun, community-driven experiences are prioritized. This move might inspire more platforms to experiment similarly, emphasizing genuine community participation over traditional financial incentives.

The takeaway? While regulatory clarity is undoubtedly beneficial, the future of NFTs depends increasingly on authentic innovation and community-centric projects. Both Yuga Labs’ regulatory milestone and Zora’s playful new initiative point toward a maturing NFT market—one where creativity, community, and clarity coexist to propel the space forward.

NFT collectors and creators alike should view this SEC decision not just as a victory for one brand but as validation for the entire industry—an encouraging signal to keep pushing boundaries, innovating, and engaging authentically with the growing NFT community.

Learn more at Decrypt and The Block

What does the SEC’s decision on Yuga Labs mean for NFTs?

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We would love to hear from you as we continue to build out new features for Lazy! Love the site? Have an idea on how we can improve it? Drop us a line at info@lazy.com

This week’s featured collector is FrontRowMe

FrontRowMe collects Ethereum NFTs and has a wide collection. Check it out at lazy.com/frontrowme

What best describes the vibe of NFTs in 2025

Last week’s poll gauged public sentiment on the state of NFTs in 2025, revealing a mixed outlook. While 30% believe NFTs are fading into obscurity, another 30% see them as resilient but niche, indicating that while mainstream hype has diminished, a dedicated market remains. 20% think NFTs are secretly building real solutions, suggesting optimism for their long-term utility. Meanwhile, 10% view them as bolder and more grounded, reflecting a maturing space, while another 10% believe they are still riding the hype wave, indicating some lingering speculative excitement. Overall, the results suggest that while NFTs may no longer dominate headlines, they continue to evolve, with some seeing them as fading and others as finding a lasting role in digital culture.

From Victorian Masterpieces to NFTs: A Journey into Digital Art Collecting

When Matt Zhang first set out to build an art collection in his 20s, his acquisitions were firmly planted in the past: Victorian paintings by artists like John William Godward and Frank Dicksee. A chance encounter with Bitcoin in 2014 shifted his attention to the burgeoning world of blockchain and digital assets, eventually leading him to explore NFTs. That initial spark evolved into a full-fledged passion, culminating in his founding the Hivemind Digital Culture Fund—a curated collection championing NFTs, AI art, and generative art. In this excerpt from an interview with Art Basel, Zhang reflects on the lessons he learned in his journey as an NFT collector.

What advice would you give to a first-time collector of digital art?

There’s an unlimited quantity of digital collectibles on the internet, but only a small fraction can be called digital art, and an even more minuscule percentage of that will have a space in art history. Those who are curious about the space should see as much art as possible. Don’t go above your purchasing power. Choose work that you’ll always love as part of your collection. Later, if a piece you collected has significant value, you can sell that and buy more work. That’s great, but if that was your goal in the first place, most people will be disappointed.

What mistakes did you make when you started collecting that you think others could learn from?

I did a good job of following my heart. I always liked everything I collected, but I was buying too broadly. I bought a lot too quickly. If I could do it again, I would connect with more of the artists. Once you learn an artist’s motivation, you have a higher degree of confidence, which can change your perspective on an artwork. I would take my time, be more patient, see more art, and meet the artists first. I would also have bought fewer pieces. The best collectors own significant pieces from key artists rather than a scattered selection from several different names.

What is the best way to connect with NFT artists and discover new names?

They are active on X, Instagram, and Discord. They also host casual meetups in cities worldwide. Digital artists interact with the community more often than traditional artists. It’s fascinating. You can use social media to find new artists, and you’ll see they will typically be tweeting about other artists too. There are also a lot of offline art fairs.

How should you maintain your NFT collection?

If your digital artwoks, such as NFTs, are on-chain, you must store it securely. It’s best to have them in your cold storage wallet, which only you can access. Think of it like a high-value painting – you wouldn’t hang a Basquiat in a public hallway where anyone could take it. Similarly, digital art needs secure custody. Additionally, having a physical print of digital art is an amazing way to enjoy it. Sometimes they look very different. I think the best way to appreciate art is to be able to see it every day.

Read the full interview at Art Basel.

What comes next for NFTs?

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This week’s featured collector is _crypto_wolf_

_crypto_wolf_ has a small collection of Ethereum NFTs. Sometimes small is beautiful. Check it out at lazy.com/_crypto_wolf_

How do you feel about music NFTs?

It has been awhile since a poll has given as clear of a result as last week’s. A clear majority are open-minded, yet cautious, about music NFTs. Based on this poll, it appears there is a growing rejection of hype among NFT collectors. Fascinating!

NFT Paris 2025 Recap: Humility & Self-Reflection

Konohime has posted a worth reading recap of NFT Paris 2025. Here’s a summary of their main observations:

NFT Paris 2025 brought together a surprising mix of seasoned veterans and fresh faces in the French NFT scene. The event kicked off on February 13 at the Grande Halle de la Villette in Paris’s 19th arrondissement, though for many attendees, the real excitement began with the side events that evening. One standout was FelixFelixFelix’s exhibition at Avant Galerie, showcasing his Cypherpalace from the CypherDudes collection—a room brimming with cypherpunk references and pulsing screens. This intimate gathering drew more traditional artistic figures deeply engaged in NFT culture, hinting at a shift from sheer speculation to passion-driven projects. Conversations touched on everything from Ministry of Culture reports and NFT archeology to who might survive financially in the space—serious topics tempered by a mix of cautious optimism and the lingering echoes of broken dreams.

On February 14, the main conference opened its doors, offering a more public-facing lens on the ecosystem. Immediately noticeable was the absence of major Web2 brands, replaced by booths from prominent PFP projects, Ordinals supporters, and outfits like Sandbox, all competing for attention. Attendees were a mix of old-timers from the 2018-2019 era, intrigued by emerging sidechains and more independent initiatives. Despite the carnival-like atmosphere (complete with photo ops and yellow Valentine’s roses from Binance), the content felt more grounded than in previous years. Panels and discussions exuded humility and self-reflection, steering away from loud marketing pitches. The sense was that the community is past the hype cycle, now focusing on incremental improvements rather than big-bang revolutions.

Reflecting on the event, it’s clear that NFT Paris has gravitated closer to the practical realities of building in Web3. PFP collections continue to consolidate their brands, and side projects are slowly evolving rather than heralding sweeping metaverse revolutions. On-chain analytics didn’t feature prominently—perhaps a collective choice to focus on tangible applications rather than raw data. The contrast between the promised new internet and the current scattering of standalone initiatives is stark; no single project truly unifies this diverse ecosystem. For a serious NFT collector, the main takeaway is that the market is maturing: speculation has quieted, and genuine builders remain, but the grand vision of a unified “next internet” is still very much in progress.

Read the full report on Konohime’s Substack.

What best describes the vibe of NFTs in 2025?

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