Everyone’s chanting it: “NFTs are dead.”
But are they really? Or are we just watching the hype die while the real industry is being born?
Like every major tech shift, NFTs are moving from hype → crash → reset → evolution.
And right now, the evolution part is just starting.
📰 Where Did This Narrative Come From?
Over the past two years, one phrase has been echoing across Crypto X and mainstream media: “NFTs are dead.”
This narrative started when NFT trading volumes collapsed after the 2022 bull run. Dozens of hyped collections with no real-world utility went to zero, and critics from traditional finance to mainstream outlets (Bloomberg, The Verge, Wired) jumped on the story.
Influencers on X fueled it further, using hashtags like #NFTIsDead, #RIPNFT, #Web3, #NFTCommunity.
The result? A viral narrative that many newcomers still believe today.
But here’s the truth: NFTs are not dead. They’re evolving. And in this article, we’ll break down the facts that prove it.
❌ Why People Say NFTs Are Dead
• Trading volume crashed after 2022.
• Countless “JPEG projects” without real world use failed.
• Short-term speculators left the market.
It’s true. But that’s not the whole story. One of the main challenges most NFT-based projects face is the lack of utility for NFTs. In other words, an NFT worth a few dollars or even a few hundred has no intrinsic value on its own. But what if NFTs could actually be used in proportion to their monetary value?
💡 Why NFTs Are Far From Dead
1️⃣ Billions Still Flowing
The NFT market cap is still around $2.3B in 2025. Capital and users never disappeared they just became smarter and more selective.
NFTs are alive because they’re being used as digital assets. But have you ever wondered why they still hold such a small share compared to the $3 — 4 trillion crypto market? The reason is simple they lack real utility. It’s like owning a super-luxury coffee machine that doesn’t actually make coffee.
2️⃣ Global Brands Are Still Betting Big
• Nike, Adidas, Gucci still use NFTs for loyalty and engagement.
• Red Bull Racing launched NFTs on Polygon.
• Music & film industries are turning NFTs into tickets & memberships.
3️⃣ Gaming Is Building REAL Markets
NFTs = utility, not just profile pics.
• Over 38% of NFT volume in 2025 is gaming related.
• Networks like Ronin (Axie Infinity) and ImmutableX dominate.
• Major game studios are quietly testing NFT economies.
Even if some projects failed (like Ember Sword), the trend is clear: gaming is the engine of NFTs.
The gaming market has always been one of the most talked-about industries, and its fusion with Web3 is like achieving a truly unique ‘real game’ experience. Games like Dota 2 and CS:GO have already shown how million-dollar trades for a single in-game item can capture massive attention and excitement.
4️⃣ Market Consolidation = Maturity
• April 2025: Futureverse acquired Candy Digital (partner of MLB, Netflix & DC).
• Infrastructure players are buying consumer NFT platforms.
Weak projects die. Strong projects merge and scale. That’s not death, it’s growth.
🪙5️⃣ Bitcoin Ordinals = Next Evolution
NFTs on Bitcoin? Yes.
• Projects like DeGods and Bitcoin Frogs migrated to Ordinals.
• Magic Eden added a Bitcoin marketplace.
• New protocols like Runes are making BTC NFTs easier and more powerful.
This is not the end, it’s the expansion of NFTs into the world’s most secure blockchain.
6️⃣ From Hype to Real Utility
NFTs are shifting from speculation to real world tools:
• Event tickets 🎫
• Proof of ownership 🏠
• Loyalty & membership programs 💎
This is the pivot from “JPEG hype” to Web3 infrastructure.
🌐 Enter MynaLand
This is where MynaLand steps in.
Not just another app a Web3 ecosystem on Solana that blends language learning, gaming, and NFTs.
• Learn languages in a gamified world
• Earn real value while learning
• Join a global Web3-native community
While skeptics shout “NFTs are dead,” projects like MynaLand show the opposite: NFTs are evolving into something with real impact.
NFTs are not dead. They’re evolving.
From Bitcoin Ordinals to gaming economies, from billion dollar mergers to projects like MynaLand NFTs are entering their second act.
With its team’s extensive experience, Mynaland has thoroughly analyzed all NFT-based projects launched in recent years. The failures and challenges of these projects have become valuable lessons for Mynaland helping us design a user-driven system built on proper market supply and demand management. This allows us to develop a truly secure and valuable digital asset (NFT) within our own ecosystem.
We’re genuinely excited about what’s ahead, and it might sound bold, but we truly believe Mynaland represents the future of education on the blockchain.
The tourists are gone. The builders are still here.
And the next wave? Already underway.