Odaily Planet Daily reports that Adam Hollander, Chief Marketing Officer of OpenSea, said the next NFT cycle may be very different from the $1.6 billion speculative frenzy of 2022. In an interview with The Block at Consensus Miami, Hollander noted that it is entirely reasonable to tokenize and trade assets such as collectible cards, luxury watches, and digital tickets—these could become the core drivers of the next NFT wave.
Adam Hollander emphasized that, despite the collapse in value of avatar NFTs such as Bored Apes and CryptoPunks, NFT technology can still be used to prove ownership of digital and physical assets. He argued that the previous NFT boom relied excessively on speculation, with buyers treating NFTs more like digital casinos rather than focusing on their underlying technology and real-world value. Future NFT applications will be driven by practical demands such as collectibles, in-game items, and AI tools, and advancements in artificial intelligence will lower the barriers to creating digital art, animations, and games, accelerating NFT adoption.
In terms of platform development, OpenSea is working to build an ecosystem that enables users to manage all crypto assets and NFTs across wallets and chains, while enhancing the user experience through simplified onboarding, support for fiat payments similar to Apple Pay, and displaying NFT prices in USD. Regarding the delayed launch of the SEA token, Hollander stated that the decision rests with the OpenSea Foundation, and he has no additional information on the timeline, emphasizing that a token that is merely a “faucet meme coin” would not create value for users. (The Block)