The post Animoca Brands’ Yat Siu says wealthy crypto collectors keep NFT market alive appeared on BitcoinEthereumNews.com.

Yat Siu, the co-founder of Animoca Brands, says wealthy crypto collectors buying NFTs to own rather than sell are keeping the market alive. Siu explained in an interview at the CfC St. Moritz crypto conference that NFT collectors have a connection to digital artwork, just as traditional art collectors do with Picassos. Siu, who is also an avid NFT collector, noted that although the NFT market appears to be dwindling, it still reached monthly sales of about $300 million, driven mainly by wealthy digital art collectors. That is a notable drop from the $1 billion in monthly sales at the 2021/22 peak. However, NFTs were a zero-dollar market five years ago. Meanwhile, Siu pointed out that NFT collectors share similar insights with others in the space and have an affinity for one another. He mentioned billionaire Adam Weitsman, who has been publicly buying NFTs like Otherdeed lands. The NFTs represent land deeds in Otherside, a 3D, blockchain-based virtual world created by Yuga Labs and Bored Ape Yacht Club.  Siu’s personal NFT portfolio drops nearly 80%  According to the Animoca co-founder, his own personal NFT portfolio is already down roughly 80%. However, he emphasizes that he was never going to flip his NFT purchases, adding that they are long-term assets that matter.  Siu further explains that the NFT market depends on the perspective investors take. He notes that 2025 exposed how much crypto’s momentum is tied to expectations rather than fundamentals. He also argues that the next phase of crypto will be shaped more by infrastructure than by personalities, especially as political hype fades.     Meanwhile, the Animoca co-founder believes NFTs will continue to come in waves, just as other crypto trends have. Siu further notes that the best part is that all the regulated data is available on the blockchain for…

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Filed under: News - @ January 20, 2026 6:28 am