馃殌 NFT sales surpass previous year! The NFT market has closed the year with a record, surpassing the previous year's sales by more than $1 billion 馃搱. According to CryptoSlam, sales of blockchain-based digital collectibles in 2024 reached $8.83 billion, which is a year-over-year increase of 1.1% 馃搳. Ethereum continues to lead as the highest-grossing blockchain in NFT history, with sales totaling $44.9 billion 馃捀.
Event Analysis
Implications for the NFT market: The increase in NFT sales suggests sustained growth in the market, despite being significantly lower than those of 2021 and 2022.
Implications for blockchains: Ethereum, Solana, and Bitcoin remain the most popular blockchains for NFTs, with total sales of $44.9 billion, $6.1 billion, and $4.9 billion, respectively.
Implications for NFT adoption: The growth of the NFT market can drive the adoption of this technology across different industries and sectors.
