Sales of non-fungible tokens (NFTs) fell 45% in Q2 2024, while the Bitcoin market shows a downward trend. 😔
• NFTs sold a total of $4.1 billion in Q1 2024, continuing the growth that began in Q4 2023.
• In June, the average sale price of NFTs fell 59% compared to March.
• The decline in NFT trading coincides with a negative outlook for the Bitcoin market.
Despite the decline, NFTs reached several important milestones in 2024. NFTs powered by Solana set a new record for total sales in February.