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The NFT market experienced a modest recovery in 2024, closing the year with total sales of $8.83 billion, a slight increase of $100 million compared to 2023's $8.73 billion. Ethereum and Bitcoin were the leading cryptocurrencies, each contributing $3.1 billion to the sales figures. December marked the strongest month for NFTs, with total sales reaching $877 million. Solana followed as a notable player, generating $1.4 billion in sales. Despite this uptick, the 2024 figures remain significantly lower than the peak of $23.7 billion in 2021. The upcoming launch of Opensea is expected to further enhance market liquidity and potentially boost sentiment in the NFT space.
NFT SALES RISE SLIGHTLY IN 2024, HITTING $8.83B AMID LATE-YEAR RECOVERY The NFT market closed 2024 with $8.83B in sales, a modest 1.1% gain over 2023 but far below earlier highs. Ethereum and Bitcoin dominated with $3.1B each, while Solana followed at $1.4B. December saw $877M,… https://t.co/IbqsZKpGlC
NFTS: FROM SLOW TO STEADY—$8.83B IN SALES FOR 2024 NFTs ended 2024 with $8.83B in sales, barely beating 2023’s $8.7B but far from 2021’s $23.7B peak. Ethereum and Bitcoin tied with $3.1B each, while Pudgy Penguins brought the vibes, leading December sales at $115M. Is the… https://t.co/rwNNx9KDcj
In 2024 the total NFT sales reached $8.8B which surpassed the previous year by $100M December was the best month for NFTs with total sales hitting $877M Opensea is the next major catalyst that should add to the bullish sentiment by supplying the market with liquidity Also in a…
