Crypto Blog
The non-fungible token market appears to have lost out on significant gains in the past year despite a broader rally in the digital asset industry.of ‘Dapp Industry Report,’ despite an initial boost in trading volumes, reaching $5.3 billion in the first quarter, the NFT market struggled to maintain this momentum. By the third quarter, volumes had dropped dramatically to $1.5 billion, though there was a partial recovery to $2.6 billion in the fourth quarter.
“NFTs had one of their weakest years since 2020 in both trading volume and sales count. Perhaps 2024 helped us realize that NFTs don’t need to be expensive to prove their importance in the broader Web3 ecosystem.”
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