NFT Sales Fall 36% In July

Krutika Adani

Another 36% Fall

NFT Markets have witnessed another significant fall this month with sales volumes dropping by 36%.

NFTs Fell 44% in June

The NFT markets had also fallen by 44% in the last month.

What Causes NFT Markets to Slide

Lack of utility, and shift of focus towards memecoins had caused NFTs to fall out of investors’ eyes in this bull season.

Top Performing NFTs

Pudgy Penguins, Bored Apes, Mutant Apes, Milady Maker and CryptoPunks remain the top NFT collections in July 2024.

Is There Any Hope For Recovery

Rather than a downfall, NFT markets are witnessing a churn causing art NFTs to fall and utility-based NFTs to gain pace.

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