The NFT market is witnessing a revival in 2025, driven by a focus on utility and innovation, as well as a shift from speculative to value-based collecting. Top collections such as CryptoPunks, Pudgy Penguins, and Bored Ape Yacht Club are experiencing increased trading activity and rising floor prices. This resurgence is further supported by major brands like Adidas and Gucci, which are tokenizing limited releases, and a16z crypto's report of a rise in monthly active NFT buyers. In a significant move, Coinbase has acquired a $25 million NFT as part of a $375 million deal to purchase Echo, highlighting a broader industry trend towards functional, utility-based NFTs. This acquisition underscores the growing interest in NFTs that offer tangible benefits and applications, marking a new phase in the market's evolution.