Yat Siu, co-founder of Animoca Brands, says wealthy crypto collectors are sustaining the market by buying NFTs to own rather than sell. Mr. Siu explained in an interview at the CfC St. Moritz Cryptography Conference: NFT Collectors have the same connection to digital art as traditional art collectors have to Picasso.
Mr. Siu is also enthusiastic. NFT The collector is NFT Although the market appears to be shrinking, it still reaches around $300 million in monthly sales, driven primarily by wealthy digital art collectors. This is a significant decrease from its peak monthly sales of $1 billion in 2021/22. However, NFTs were a zero dollar market five years ago.
Meanwhile, Shiu pointed out that NFT Collectors share similar insights with other collectors in the field and develop an affinity for each other. He mentioned billionaire Adam Weitzman, who is publicly purchasing NFTs like Otherdeed land. The NFT represents a land deed in Otherside, a 3D blockchain-based virtual world created by Yuga Labs and Bored Ape Yacht Club.
Mr. Siu’s personal belongings NFT Portfolio declines by nearly 80%
According to the co-founder of Animoca, in his own personal opinion; NFT The portfolio is already down about 80%. But he stressed that he never intended to change his mind. NFT It added that the purchase is an important long-term asset.
Siu further explains: NFT Markets are determined by investors’ perspectives. He points out that 2025 has revealed how much crypto momentum is tied to expectations rather than fundamentals. He also argues that the next phase of cryptocurrencies will be shaped more by infrastructure than personalities, especially as the political hype fades.
Meanwhile, Animoca’s co-founder believes that like other cryptocurrency trends, NFTs will continue to come in waves. Siu further states that the best part is that all regulated data is publicly viewable on the blockchain.
At the time of publication, NFT Sales in the past 24 hours were $8.5 million, an increase of 27.08%. NFT buyer increased rapidly 33.03% to 21,272. NFT The number of sellers also increased by 37.3% to 17,198. NFT The number of transactions increased by 30.89% to 117,890.
Ciulink NFT Paris cancellation raises broader issues
Siu claim The cancellation of NFT The Paris event, which takes place just a month ago, is France’s indictment of a broader shift in the country’s stance on NFTs and cryptocurrencies. He noted that France is moving away from its previous support for cryptocurrencies, as seen in recent scrutiny. NFT Projects like Solare. This fantasy soccer game is under the supervision of French gambling regulators.
The Animoca co-founder also cited safety concerns, noting that some people avoid visiting Paris due to feelings of insecurity. NFT Events of the past few months. Recently, prominent private players in the cryptocurrency industry have been targeted by kidnappers in France.
Meanwhile, the RWA Paris event has also been canceled this year, ending a four-year run that has made Paris one of Europe’s leading Web3 collection hubs. Organizers cited the severe impact of the downturn in the cryptocurrency market over the past few months as one of the main reasons for the cancellation. They noted that despite spending months cutting costs and organizing this year’s event, the crypto industry has been hit hard by the market collapse.
“After four editions and the global Web3 community converging in Paris, we must face reality. NFT Paris in 2026 will not happen. ”
–Alexander Tsydenkovfounder of NFT Paris and RWA Paris
All tickets will be refunded within 15 days, Tsydenkov said. But he pointed out that nothing can be done for people who have already booked flights and hotels. He also explained that the organizers will do their best to close this chapter properly.