Despite the popularity of meme coins, NFTs are still the best way to build a community. This opinion was expressed by Pudgy Penguins CEO Luca Netz.

“Meme coins don’t provide a profile picture that allows you to easily identify someone online who shares [your] values. And it’s almost a chain reaction effect that I think only NFTs can create,” he explained.

Netz noted that NFTs also provide hierarchy and demonstrate status within the community through the price and timing of the token purchase.

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