Discover what happened in the NFT space during Q1 2025, from gaming and real-world tokenization to significant market shifts. Despite overall market declines, highlights include Bitcoin NFT values surging, OpenSea's SEA token launch, new hits like RavenQuest, and increased sales of Pudgy Penguins and Milady Maker. Analyze whether NFTs are fading or evolving, focusing on value creation, emerging trends, and future industry directions.