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NFT Revenue Hits US$8.7 Billion By Year-End
The *Non-Fungible Token* (NFT) market has shown significant growth in value. Data from CryptoSlam shows that by the end of 2024, NFT sales reached US$8.7 billion.
Although the number of transactions decreased, the number of unique buyers and sellers actually increased. There were 7.5 million buyers and 4 million sellers, the highest number since 2017.
A comparison with previous years shows that although this year's results are far from the 2022 sales record of US$23.7 billion, NFT performance in 2024 was better than expected.
However, analysts warn against underestimating the industry. The positive performance this year shows that NFT still has the potential to grow, with sales figures better than initial expectations.
-# image source: TechGIG