📉 NFTs are hitting their monthly sales bottom from November 2023!

July 2024: Sales hit just $393 million, likely the lowest or second lowest month this year.

- June 2024: Sales of $450 million, lowest since November 2023.

- Q2/2024: Reduced by 45% compared to Q1/2024 ($4.1 billion to $2.24 billion).

📈 However, the number of NFT transactions in July increased by 73% compared to June (9.9 million vs 5.7 million).

🌟 Web3 experts are still optimistic about NFTs:

- Jonathan Perkins (SuperRare): NFT remains a strong token standard.

- Randy Wasinger (CryptoSlam): "NFTs are not dead, they are here to stay."

💬 What do you think about the future of NFTs? Comment! ⬇️