Mars Finance reports that Luca Netz, CEO of Pudgy Penguins, said at the Solana Breakpoint conference in Singapore on Friday that despite the existence of memecoin culture, there is still no better way to build a community than with NFTs. He said, "The reason NFTs are currently in a slump is that successful NFTs have too little liquidity for whales and prices are above retail. But cryptocurrencies are cyclical, and with the infrastructure built in the previous cycle, NFTs will be bigger and perform better in the next cycle."