With the state of the NFTs rn, it’s not shocking to see NFT projects try to grow from NFTs Whenever they do this, they pivot to either or all of these: 1️⃣ Fungible token - e.g. $PENGU, $BIRB 2️⃣ IP Proliferation - via web2 3️⃣ “Digital Collectibles” such as Telegram stickers, Boximus mint on Amazon Why? The answer is simple: for growth As it currently stands, NFT projects can’t just be NFT projects if they want to onboard new users or eyes to the project The NFT market rn is valued at just $3.8Bn. That’s too small compared to: - the broader crypto market: $3.5 trillion - the broader global intengible assets valuation: $79.4 trillion - the broader collectibles market: $294 billion Thus, it makes a lot of sense for NFT incumbents to try to branch out and reach new audience in a new way The main question that they all need to answer tho is: How will they do this without alienating the rabid community base they formed via NFTs in the first place? 🤔