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NFT sales volume dropped by 45% in Q2 2024, hitting $2.24 billion, the lowest since Q3 2023. This decline follows a strong Q1, where sales were $4.1 billion. The decline in NFT sales is attributed to a downturn in the crypto market and the rise of celebrity, political, and animal-themed memecoins, which have diverted attention away from NFTs. Updated figures show NFT sales fell 44% to $2.32 billion.
#NFT sales fell 44% as crypto dipped, #memecoins steal ‘mind share’ in Q2 🔸A recent flood of celebrity, political, and animal-themed memecoins, along with a crypto market downturn, may have contributed to a 44% fall in the sale of NFTs in Q2. 🔹According to data from… https://t.co/x1Q6YB0VsE
#NFT sales fell 44% as crypto dipped, #memecoins steal ‘mind share’ in Q2 🔸A recent flood of celebrity, political, and animal-themed memecoins, along with a crypto market downturn, may have contributed to a 44% fall in the sale of NFTs in Q2. 🔹Data from @cryptoslamio NFT… https://t.co/Lnc5NuYVlV
#NFT sales fell 44% as crypto dipped, #memecoins steal ‘mind share’ in Q2 🔸A recent flood of celebrity, political, and animal-themed memecoins, along with a crypto market downturn, may have contributed to a 44% fall in the sale of NFTs in Q2. 🔹Data from @CryptoSlam NFT sales… https://t.co/GKaz4cCYt4