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The Final Chapter and Reboot of NFT: Issuing Coin is Not the Goal 1. The Collapse of NFTs The NFT craze seems to be coming to an end. The token issuance of Pudgy Penguins has become the last highlight in this field, while the token issuance of Doodles on Solana has only stirred up a small ripple. Yuga

The Final Chapter and Rebirth of NFT: Reflection from Popularity to Obscurity 1. The End of the NFT Craze The craze in the NFT market seems to have come to an end. The token issuance of Pudgy Penguins became the last highlight in this field, while Doodles' token release on Solana also failed to make much of a splash. Even Yuga

The Final Chapter and Reboot of NFTs: Issuing coins is not the goal. 1. The Decline of NFTs The last boom of the NFT market came to a halt with the token issuance of Pudgy Penguins. Recently, the token issuance of Doodles on Solana has only caused a faint response. Yuga Labs continues to shrink its business, even involving its core IP Cryptopunks. The Bitcoin NFT projects that were highly regarded during the last wave of NFT revival are also nearly zeroed out, and these once-crazy narratives have fallen into decline, no longer receiving attention. The initial concept of the 10k PFP project is quite attractive - a moderately sized community supporting a bottom-up IP project to go global, which is completely different from the traditional IP project model that requires massive investment in content creation upfront. Traditional IPs like the Marvel Universe and Star Wars often require years of accumulation and substantial financial investment to resonate deeply with the audience.

The Final Chapter and Reboot of NFT: Reflections from Prosperity to Silence 1. The Decline of the NFT Craze The boom of the NFT market seems to have come to an end. The token issuance of Pudgy Penguins became the last climax of NFTs, while the token issuance of Doodles on Solana only stirred up a weak response. Even giants like Yuga Labs are continuously scaling back, and even their most iconic Cryptopunks project has not been spared. The Bitcoin NFT projects that were once the focus of attention during the last wave of NFT revival have also almost all been wiped out, and the once-crazy narratives have become a fleeting memory. 10,000 PFP( Profiles

The article summarizes the ups and downs of the NFT market, pointing out its transformation from a bubble to a rebirth. The rise and fall of NFTs are related to insufficient content support and market speculation, while Pudgy Penguins demonstrate a successful path through pragmatic brand building. In the future, NFTs need to break through the inherent framework and seize opportunities for physical IP development to achieve sustainable growth.