**NFT Sales Hit New Lows, But Optimism Remains**

NFTs are on track to record their lowest monthly sales volume since November 2023. According to CryptoSlam, July's volume reached just $393 million, with daily sales dipping below $14 million. This follows June's low of $450 million, marking a continued decline.

Despite the slump, transaction volumes surged to 9.9 million in July, a 73% increase from June. Experts like SuperRare's Jonathan Perkins and CryptoSlam's Randy Wasinger remain optimistic, asserting that NFTs are here to stay. They believe that while some applications may fade, NFTs will continue to evolve and find new use cases in the Web3 space.