I agree but also disagree.
You need small random projects, big and small, "bluechips" and "expendable" ones...like any other ecosystem needs to thrive.
Many people have used those smaller/temporary projects, to build capital by; flipping, creating, connecting ... to be able to buy their way into said bluechips.
Just like any other economy, the life cycles of small projects and their moment of existence, contirbute more than you know to overall growth.
If you're a Creator, CREATE.
If you're a Collector, COLLECT.
If you're a Business, BUILD.
The in between is what it should be, and always will be.
I hate to say it but 90% of NFT collections will be dead in 3-4 years (maybe sooner)
Out of 1000s of collections, maybe ~50 will survive
Tbh that's how it should be, the market's been bloated with cash grabs since 2021.
Examples of projects that do have staying power:
→ BAYC
→ Pudgy Penguins
→ Azuki
→ Milady
→ Doodles
→ Fwogs
→ Rektguy
→ Chimpers
→ Moonbirds
→ Good Vibes Club
(There are more, i don't remember them all, you can DROP yours in the comments)
These projects have solid teams, gud art, product-market fit, community and a real IP.
So yeah i'm extremely bullish on NFTs making a comeback
Just not most NFTs, and the ~50 that make it are going to absolutely dominate!
Survival of the fittest isn't bearish.