Are NFTs dead or are there still opportunities?

Speculative NFTs (PFP flex collections like BAYC) are dead — volume in 2024 is down 97% from the 2021 peak, and 80% of collections have zero bids. However, utility NFTs (gaming, ticketing, identity credentials, RWA tokenization, creator economy) are quietly building a foundation. This article analyzes the 5 surviving segments and risk-managed strategies for Vietnamese investors.

How much has the BAYC floor dropped from its 2021 peak?

The BAYC floor has dropped from $400,000 to $12,000 — a 97% decline in 2-3 years. This is a textbook example of the 2021 speculative bull cycle — Beeple selling 'Everydays' for $69 million at Christie's was the peak of the hype. The next bull cycle in 2027-2028 will likely NOT be about PFP flex but will focus on utility patterns.

Which 5 utility NFT segments should be watched for 2027-2028?

The article lists 5 quietly growing segments: Gaming NFTs (in-game assets), Ticketing (anti-fraud event tickets), Identity Credentials (on-chain KYC and reputation), RWA Tokenization (real-world assets), and Creator Economy (royalties and communities). Vietnamese investors should evaluate the actual use case rather than just looking at the floor price.