CZ Says NFTs and DAOs Are Coming Back and the Next Version Will Look Different
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Binance CEO Changpeng Zhao says NFTs and DAOs will see a 'second wind' in evolved forms (often framed as "NFT2"), suggesting renewed long-term crypto and DeFi adoption. Market reality: the NFT market has collapsed ~93% from its peak and about 95% of collections are effectively worthless, underscoring high risk and market maturation. CZ expects tokenized art and NFT narratives to regain momentum intermittently, but timing is uncertain; implications for token launches, CEX/DEX adoption and fundraising remain speculative.
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- CZ says NFTs and DAOs will return with a second wind in a slightly different form.
- The NFT market collapsed 93% from its peak, with 95% of collections becoming worthless.
- CZ compares NFT maturity to early video streaming, saying the technology just needs more time.
Changpeng Zhao is not ready to write off NFTs or DAOs. In a recent interview, the Binance founder said both narratives will return, just not in the form most people remember.
“I think many things will have a second wind, but the second wind will most likely be a little bit different,” CZ said. He noted that concepts like DAOs and NFTs may evolve into new iterations, sometimes referred to as “NFT2,” while still carrying similar ideas.
On tokenized art, he added that it is likely to regain momentum multiple times in the future, even if the timing of a sustained breakout remains uncertain. He expects…
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