NFTs are becoming so much more than just JPEGs. In many ways, for NFTs, it's like the joke about Bitcoin, that it has already died X number of times. Except for NFTs, most people think they are still dead. The T in NFT stands for token. For me, tokens are the killer app of blockchains. At this point, the heads of banks are saying that the future of finance is tokenization, but not a lot of people include NFTs in that picture. NFTs are one-of-one tokens, and there are a lot of assets that are one-of-ones. A house is a one-of-one. A car is a one-of-one because every car has a unique condition. Recently, NFTs have been used as the root of identity for AI agents. The tokenization of agents has a potential TAM (total addressable market) of basically the sum total of all current and future labor. It's a giant market. I think that 2026 will, in many ways, be considered the year that NFTs stopped being just JPEGs and started to be part of the larger tokenization narrative that will eventually lead to all the world's assets, including labor, coming onchain.