In 2024, NFTs saw a total sales volume of $8.8 billion, a slight increase from the previous year. Ethereum and Bitcoin were the top blockchains for NFT sales, with Solana ranking third. Despite facing challenges like a seven-month downturn, the market rebounded in October with sales rising to $353 million. November and December also saw significant sales, with Ethereum collections contributing significantly. However, challenges persisted, with Kraken shutting down its NFT marketplace and oversaturation affecting trading activity. While late-year gains showed resilience, the market is shifting towards more utility-driven applications. The introduction of innovative platforms and projects like FIFA Rivals indicate potential growth in 2025. Investors are advised to verify facts independently before making decisions based on market trends. Read more AI-generated news on: https://app.chaingpt.org/news

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