Why new collections are struggling? Lack of innovation and funds. Most collections minted in the last 2–3 years have been reinterpretations of familiar ideas, just with less capital behind them. Naturally, the NFT crowd stuck with the OGs. That’s exactly why I haven’t launched an NFT collection myself. Even though I love cultivating communities, the space is too small for another copycat. I had several ideas (@nezuron_ knows all of them 😭), but none felt realistic, the infrastructure just isn’t there to involve retail meaningfully at this stage. My thesis stands: top collections have consolidated to fulfill their destiny of being the status symbol of the tech-finance elite, and this cycle will prove it. Wen retail? 2029. But they’ll be priced out at that point, they won’t be coming for the OG pieces but they will buy the latest high supply releases, just like they’re used to in web2 collecting.