A brief overview of this round of the NFT Renaissance movement 🎭 1⃣ Timeline of this round of the NFT Renaissance movement 🗓️ June 2025: Offline salon for the NFT community and the unexpected launch of art NFTs The NFT Renaissance community (@NFTrenaissance_) officially launched, with a token-gated salon led by Loki (@lokithebird) becoming the core hub for collectors to discuss grails (such as rare traits of Pudgy Penguins). In mid-June, the art NFT project X FIGURES revealed a price surge from 0.018 ETH to 0.8 ETH. Influencers like Raoul Pal emphasized the return of art, driving the revival of generative art like Squiggles and Fidenza. 🗓️ July 2025: Spread of FOMO sentiment and return of liquidity The blue-chip project Moonbirds leads this wave of the NFT Renaissance, with whales like Adam Weitsman purchasing Meebits for around 200 ETH. Adam Weitsman publicly stated: "Lifelong relationships > returns; NFTs are part of my digital identity." The viral spread of the NFT Renaissance narrative reaches its peak. 2⃣ Deep logic: Why is this time different? 💔 Bear market trauma and collective healing To put it simply, everyone was heartbroken by NFTs in 2023-2024. Countless projects went to zero, communities disbanded, and many vowed never to touch NFTs again. But that's human nature; after the scars heal, people start to reminisce about the good times. This revival is essentially a form of collective healing. "What we miss is not the price of NFTs, but the feeling in 2021 when everyone was creating and participating." - NFT OG collector 🎯 Transition from gamblers to collectors The biggest difference in this revival is the change in participants' mindset. Previously, it was "How much can this multiply?" Now, it's "Is this piece something I would want to display in a virtual gallery?". On a deeper level, Web3 natives are beginning to seek digital identity recognition. In an era flooded with AI-generated content, having a unique, historical, and community-recognized NFT avatar has become an important way to express "who I am". 💰 Smart money's low-key positioning Institutions and whales began quietly positioning themselves at the end of 2023, but this time they learned to be smart. Instead of loudly calling out trades, they quietly scooped up blue-chip assets. The key is that this time institutions understood one thing: NFTs are not just artworks; they are programmable digital assets. They can carry actual functions like game items, membership rights, and IP licensing, which is where the long-term value lies. 🌍 User experience revolution brought by technological maturity To put it bluntly, buying an NFT used to be a hassle, with exorbitant gas fees and frequent failures. Now, with the maturity of wallets and blockchain infrastructure, buying NFTs is as simple as online shopping. The lowered technical barriers allow more "normal people" to participate. More importantly, the proliferation of AI tools has also lowered the creative threshold. Ordinary people can now create decent NFT art, breaking the "artist monopoly" and making NFTs a truly participatory cultural movement. 3⃣ Attitudes from various parties: Who supports, who questions? Core developers and foundations of the Ethereum ecosystem highly support NFTs, viewing them as an important embodiment of Ethereum's value. Tomasz Stanczak (Executive Director of EF): "Now is the time; institutions need to see the potential of Ethereum's NFTs." Solana ecosystem projects and communities are generally positive, with Magic Eden strongly promoting "Don't fade the NFT comeback," urging not to waste this wave of NFT momentum. Solana co-founder Toly is outraged by the luxury attributes of blue-chip NFTs on the Ethereum mainnet. Digital artists are the most excited, finally seeing the market's renewed recognition of "true artistic value." Generative artists, in particular, benefit from both price and recognition boosts. Big players are now more rational, emphasizing "long-term holding" rather than short-term profits. They have become an important driving force for the revival but are also more cautious in selecting projects. Most institutions are still observing, but a few pioneers have already entered the market. They are more focused on the "practicality" of NFTs rather than their "artistic" value, hoping to see clear business models. New users remain wary of NFTs, but old users are starting to return. The key point of contention is, "Is this time really different?" Many are waiting for clearer signals. A typical mindset is: "I want to participate, but I don't want to be scammed again. Is this cultural value real this time?" That's all.