This week’s featured collector is BearPonce
BearPonce has a beautiful collection of NFTs. Worth checking out at lazy.com/bearponce
Last week’s poll was pretty decisive: 50% of you said RektGuy’s real edge was perfect timing—it landed right as people were getting wrecked and instantly felt emotionally true. The three-way 17% tie for trust-first strategy, OSF as a public face, and constant experimentation reads like the sustaining layer: timing opened the door, but credibility, low-expectations building, and continued momentum kept people around. The funniest tell is 0% for “meme power”—not because it isn’t a meme, but because you see meme-ness as table stakes; the differentiator was when it hit and how it was carried afterward.
NFTs Reset to Pre-Hype Levels—What Still Matters Now
The NFT market just slid back to something that feels familiar to anyone who was here before the mania: total sector market cap fell below $1.5B, roughly back to pre-2021 levels.
Some of that is simply macro. Crypto sold off hard over the past two weeks, with total market cap dropping from about $3.1T to $2.2T. Bitcoin and Ethereum—still the two biggest NFT networks by recent trading volume—fell sharply in the same window. When liquidity leaves the majors, NFTs tend to feel it fast.
But there’s also an NFT-specific story underneath the price action: supply is still growing while demand is thinning. Minting got cheaper and easier in 2025, and the numbers reflect that. NFT supply reportedly rose to nearly 1.3B tokens (up 25% YoY), while total sales fell 37% to $5.6B, and the average sale price dipped below $100. More tokens, fewer buyers, lower prices—an abundance era.
At the same time, the industry is visibly contracting. We’ve seen a run of high-profile exits and closures: Nike reportedly offloaded RTFKT; Nifty Gateway says it will shut down on Feb. 23; and social NFT app Rodeo announced it’s winding down after struggling to scale sustainably.
Here’s the slightly positive (no-hype) takeaway: resets aren’t funerals. They’re filter events. When speculation stops doing the work, the market starts asking harder questions—about curation, distribution, durability, and what’s actually worth collecting. In a low-liquidity environment, attention becomes the scarce asset. That’s uncomfortable—but it’s also where stronger work, stronger communities, and better infrastructure have a chance to stand out.
Read more at CoinTelegraph.
Poll: In a “reset” market, what are you most focused on?
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