Recent comments from Yat Siu, chairman of Animoca Brands, emphasize the importance of non-fungible tokens (NFTs) in the Ethereum ecosystem. He suggests that NFTs could help Ethereum achieve new records.
The Importance of NFTs for Ethereum
Yat Siu noted that creating the Ethereum Torch NFT to commemorate the anniversary of the network was an appropriate move, given their significance in the ecosystem. He stated that Ether peaked in November 2021 during the NFT boom, and a resurgence in this segment could lead to new achievements.
Current Trends in the NFT Market
Despite declining trading volumes for NFTs, the number of transactions surged by 78%, reaching around 12.5 million in Q2 2025. This indicates a shift in buyer preferences toward more modest purchases.
ETH's Resurgence and Its Impact on the NFT Market
Over the past three months, the price of ETH has increased by more than 133%, surpassing $3,800. This has positively affected the NFT market, which is gaining strength, despite opinions about the unsustainability of NFT treasuries in the current cycle.
NFTs continue to play a key role in Ethereum's cultural ecosystem, and despite market fluctuations, their significance and impact on ETH's growth are becoming increasingly apparent.
