NFTs have weathered a challenging 2024, yet remain a key part of the Web3 landscape. Despite a dip in sales volume, NFT buyers surged by 62%, reaching 7.5 million this year. However, the sector faced hurdles, including regulatory pressures from the SEC and major platforms like GameStop and DraftKings shutting down their NFT operations.

The market hit a low in September but rebounded in October and November, driven by Ethereum, Bitcoin, and Solana collections. Looking ahead, experts predict NFTs will evolve beyond art, with potential in identity verification and healthcare, while Bitcoin NFTs are poised for growth.