According to Mars Finance, Pudgy Penguins CEO Luca Netz said at the Solana Breakpoint conference in Singapore on Friday that despite the Memecoin culture, there is still no better way to create a community than using NFTs. He said, "The reason NFTs are currently in a downturn is that successful NFTs have too little liquidity for whales and are priced beyond retail. But cryptocurrencies are cyclical, and with the infrastructure built in the last cycle, NFTs will become larger and perform better in the next cycle."
Pudgy Penguins CEO: NFT has symbolic meaning that memecoin cannot replicate
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