According to Coinnet, GameSquare Holdings, Inc. has garnered attention for acquiring the renowned NFT CryptoPunk #5577 through the issuance of preferred stock for $5.15 million. With the completion of the transaction, CryptoPunk #5577 officially becomes a strategic asset of GameSquare. While NFTs have long been a speculative digital collectible, if the market remains stable, a new wave of companies considering them as assets could redefine their role in corporate finance. NFT insiders strongly support the idea of an NFT asset company. GameSquare's decision is bold, placing NFTs on the same level as other recent reserve crypto assets like Bitcoin, Ethereum, and Solana. Garga, CEO of Yuga Labs, the company behind the Bored Ape Yacht Club series, predicts that NFT asset companies will become a trend. He also expressed his hope for an asset company focused solely on APEs. Matt Medved, a member of Art Basel's Digital Art Committee, also expressed his expectations. Medved believes that NFTs, despite their small market capitalization, still have significant growth potential. Other NFT investors also believe that NFTs possess unique advantages—strong cultural and social elements. Notably, NFT trading volume surged in July. A recent report from BeInCrypto noted that the floor prices for CryptoPunks and Moonbirds have soared, signaling a potential resurgence of NFT season. NFT market trading volume surged in July. According to Dune data, NFT market trading volume exploded in July, reaching $26 million on certain days and exceeding $10 million per day on average. Furthermore, VanEck analyst Nathan Frankovitz, citing data from CryptoSlam, noted that Ethereum NFT trading volume surged on July 23rd to its highest level since May 2022. These data suggest a renewed interest in NFTs, creating favorable conditions for companies to consider these assets as part of their strategic reserves. GameSquare may be the first sign, but it's too early to call this a full-blown trend. If this trend gains momentum, the most promising NFT series most likely to benefit include Pudgy Penguins, CryptoPunks, and Bored Ape Yacht Club. According to OpenSea data, these series account for the majority of the NFT market's liquidity. The value of NFTs remains controversial. Even though NFT industry leaders believe that NFT asset companies can revolutionize corporate finance, just as MicroStrategy has with Bitcoin, the intrinsic value of NFTs remains highly debated, even within the cryptocurrency space. Solana co-founder Anatoly Yakovenko was an outspoken critic of NFTs and memecoins in a recent discussion on X (formerly Twitter). Skepticism extends beyond NFTs themselves. The use of cryptocurrencies as strategic reserves has faced skepticism since its early days. Like Bitcoin Reserve, NFT asset companies can issue bonds to purchase NFTs, thereby inflating the value of both NFTs and stocks. Retail investors will then buy shares in companies holding high-value NFT portfolios. These companies will then recycle this capital. This cycle could be interrupted if capital inflows weaken and NFT prices plummet. Therefore, assets used for strategic reserves must demonstrate sustainable growth. Historically, this is where NFTs are fundamentally different from Bitcoin.