NFT Sales Fell 44% as Markets Dip

Krutika Adani

Declining NFT Sales

NFT sales have dipped 44% this month as projects struggle to find buyers. This dip has been part of a declining NFT trend in 2024.

Narratives That Gained At The Expense of NFTs

Data from CoinGecko and CryptoSlam show that Memecoins have been the top gainers at the expense of NFTs.

Has NFT Markets Sunk for Good?

Despite the shocking news, it might be wrong to say the NFT markets have gone for good. NFTs have always found newer forms of adoption.

Emerging NFT Trends

Several NFT trends, such as NFT-based asset tokenization and gaming NFTs, have been on the rise.

Top NFT Projects for 2024

NFT projects like Crypto Punks and Bored Ape still have large market caps. Several other projects, like Illuvium and Axie Infinity, have their market caps on the rise.