**NFTs Poised for a Comeback, Says Animoca Brands' Yat Siu**

Yat Siu, chairman of Animoca Brands, predicts a resurgence for NFTs, surpassing their 2021 peak. Speaking at the Bitcoin MENA event, Siu acknowledged the decline in NFT sales volumes, which have struggled to hit $1 billion, but remains optimistic. He views failures like RTFKT's shutdown as part of the business cycle, not a reflection of the NFT market's potential.

Siu likens NFTs to luxury goods, serving as status symbols and reputation investments. He believes NFTs such as Bored Apes and CryptoPunks will regain prominence, driven by their cultural value.