Monthly NFT sales fall below $400M, marking yearly low
NFTs saw a sharp decline in August 2024, with monthly sales dropping to $374 million the lowest this year.
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NFTs saw a sharp decline in August 2024, with monthly sales dropping to $374 million the lowest this year.
The Framework Ventures-backed platform has surpassed $150 million in TVL, despite a wider downtrend in the NFT market.
NFT sales volumes have rebounded across major blockchains, and Polygon has taken the lead with a 123.20% increase.
The actual sale amount was not disclosed, leading community members to speculate that the NFT was sold at a loss.
Two artists have taken legal action to demand clarification from the SEC over the status of NFTs.
Logan Paul claims YouTuber Stephen Findeisen, also known as Coffeezilla, maliciously and repeatedly made false statements about his NFT project CryptoZoo.
Despite having a lesser sales volume, NFTs showed a 73% increase in transactions recorded in July.
A Pudgy Penguins character integrates into Pixelverse, joining characters like Doge from Dogecoin and Mew from the Solana memecoin MEW.
Several PolitiFi and animal-themed memecoins continued to soar in the second quarter despite the broader market downfall, which NFTs were a part of.
NFTs recorded a 54% drop in sales volume, from over $1 billion in April to $624 million in May.
Marc Cuban has offloaded some NFTs, while overall NFT sales volume dropped by 45% in Q2.
Bitcoin NFTs surpass Ronin in all-time sales volume, achieving over $4.27 billion and climbing to third place behind Solana and Ethereum.
Bitcoin-based NFTs recorded a sales volume of $148 million in the last 30 days, according to CryptoSlam.
NFT sales surge volumes across various platforms and blockchains, with Bitcoin-based digital collectibles leading the charge.
NFT sales dropped from $1 billion in April to $624 million in May, with Bitcoin, Ethereum, and Solana-based digital collectibles significantly declining.
Renewed interest in the NFT markets has emerged even as the overall purchasing power weakens. Recent data provided by CryptoSlam indicates that buyers in the non-fungible token sphere grew by more than 24% over the past week. Even with this increase in participation, the total volume of sales for non-fungible tokens declined by almost 8% […]
Polygon NFTs surpassed Ethereum in weekly sales. Polygon captured nearly a quarter of the NFT market with $22.3M in sales.
The slump in the broader crypto market seems to also be affecting the NFT market, as sales volume for NFTs dropped by 4.38% in the last seven days to $93.6 million. Data from leading NFT analytics platform CryptoSlam showed a further decline in NFT sales volume from the previous week’s drop to $102.8 million. Sharp […]
This week marked a milestone as the number of Ordinal inscriptions minted on the Bitcoin blockchain crossed the impressive 20 million threshold. But despite this achievement, Bitcoin-based non-fungible token (NFT) or Ordinal marketplace sales have witnessed a downturn since mid-July. Once consistently taking the second spot week after week in the NFT sales ranking, Bitcoin-based [...]
The post Ordinals Reach 20 Million Milestone, But Bitcoin-Based NFT Sales Slide appeared first on Crypto Breaking News.
Sales of Non-fungible tokens (NFTs) have witnessed a notable uptick this past week, climbing 11.62% to hit $442.02 million over the previous seven days. The most significant transaction was the sale of the ‘Alien’ Cryptopunk #3,100, donning a headband, for $16 million, with Bitcoin-based NFTs claiming the lead in sales volume across 22 different blockchains. [...]
The post NFT Market Flourishes With an 11.62% Rise This Week; Largest Ordinal Inscription Fetches Record 8 BTC appeared first on Crypto Breaking News.
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