According to PANews, Pudgy Penguins CEO Luca Netz said at the Solana Breakpoint conference in Singapore that despite the existence of Meme coin culture, the best way to create a community is still to use NFTs.
Netz explained that NFTs are unique in that they have a hierarchical structure of price and purchase period, symbolizing power and status in the community.
Netz acknowledged that the NFT market is currently in a downturn, but he believes that cryptocurrencies are cyclical and NFTs will become bigger and perform better in the next round.
