{"id":5307,"date":"2025-01-03T03:08:48","date_gmt":"2025-01-03T03:08:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=5307"},"modified":"2025-01-03T03:08:48","modified_gmt":"2025-01-03T03:08:48","slug":"nft-sales-surge-past-8-8-billion-in-2024-exceeding-2023-by-100-million","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=5307","title":{"rendered":"NFT Sales Surge Past $8.8 Billion in 2024, Exceeding 2023 by $100 Million"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">Non-fungible<\/span><span data-preserver-spaces=\"true\"> tokens (NFTs) closed 2024 on a strong note, with annual sales surpassing $8.83 billion<\/span><span data-preserver-spaces=\"true\">, according to <\/span><a class=\"general-link\" href=\"https:\/\/www.cryptoslam.io\/nftglobal?timeFrame=year\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">data from CryptoSlam<\/span><\/a><span data-preserver-spaces=\"true\">.<\/span><span data-preserver-spaces=\"true\"> This marks a 1.1% increase over the $8.7 billion recorded in 2023, suggesting a modest but notable recovery for the digital collectibles market.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Ethereum and Bitcoin led the charge in 2024, <\/span><span data-preserver-spaces=\"true\">each<\/span><span data-preserver-spaces=\"true\"> registering $3.1 billion in NFT sales, while Solana secured third place with $1.4 billion in annual sales. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Ethereum remains the leader in all-time NFT sales, boasting $44.9 billion, <\/span><span data-preserver-spaces=\"true\">followed by<\/span><span data-preserver-spaces=\"true\"> Solana at $6.1 billion and Bitcoin-based NFTs <\/span><span data-preserver-spaces=\"true\">with<\/span><span data-preserver-spaces=\"true\"> $4.9 billion.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/analysis\/crypto-forecast-best-crypto\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">10 Coins with High Returns: Crypto Forecast 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">2024\u2019s Sales Volumes Were Far Cry From Peak Years<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Despite the positive growth compared to 2023, 2024\u2019s sales volumes were a far cry from the market\u2019s peak years. In 2021, NFTs generated $15.7 billion in sales, while 2022 saw a staggering $23.7 billion. The 2024 figures represent a decline of 43.9% and 62.8%, respectively, compared to those years.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The rebound in NFT sales toward the end of the year caught many by surprise. Following a seven-month downturn that culminated in September\u2019s lowest sales volumes since 2021, the market began to recover.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">October saw an 18% increase in sales, reaching $353 million<\/span><span data-preserver-spaces=\"true\">, and the<\/span><span data-preserver-spaces=\"true\"> momentum continued in November with a six-month high of $562 million.<\/span><span data-preserver-spaces=\"true\"> December capped off the year with $877 million in NFT sales, the fifth-highest monthly figure for 2024. <\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">NFT&#8217;s overview: <\/p>\n<p>Market Volume: 2024\u2019s NFT market saw  total sales reach $8.5 billion; The number of unique buyers swelled from 4.6 million in 2023 to 7.5 million in 2024, marking a substantial 62% increase. <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f9f5.png\" alt=\"\ud83e\uddf5\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><\/p>\n<p>\u2014 Rui (@OITOO) <a href=\"https:\/\/twitter.com\/OITOO\/status\/1873061349372100931?ref_src=twsrc%5Etfw\">December 28, 2024<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">The resurgence was driven by Ethereum-based collections, which accounted for $482 million of the month\u2019s sales. Bitcoin-based NFTs contributed $172 million, while Solana-based collections added $100 million.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Among the top-performing collections, Pudgy Penguins dominated with $115 million in sales for December. Other notable collections, including Azuki, LilPudgys, CryptoPunks, Doodles, and Bored Ape Yacht Club, collectively brought in $141 million.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/news\/3-experts-predict-how-high-can-bitcoin-go-in-2025\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">3 Experts Predict: How High Can Bitcoin Go In 2025?<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">NFT Brand RTFKT To Cease Operations By January 2025<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Despite the recent rebound in NFT sales, <\/span><span data-preserver-spaces=\"true\">there has been a trend of companies<\/span><span data-preserver-spaces=\"true\"> discontinuing their involvement in the NFT space.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In December, RTFKT, the NFT brand behind virtual sneakers and digital collectibles acquired by Nike in 2021, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/news\/nike-owned-nft-brand-rtfkt-to-cease-operations-by-january-2025\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">announced it would shut down<\/span><\/a><span data-preserver-spaces=\"true\"> operations in January 2025.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Before its closure, RTFKT plans to release one final collection, \u201cBLADE DROP,\u201d which it describes as a testament to its boundary-pushing approach and role in merging technology with culture.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Before<\/span><span data-preserver-spaces=\"true\"> that, crypto exchange Kraken <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/news\/kraken-pulls-the-plug-on-nft-marketplace-after-just-two-years\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">announced the closure of its NFT marketplace<\/span><\/a><span data-preserver-spaces=\"true\"> nearly two years after its launch. The company said it aims to allocate resources toward new products and services.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cClients have been informed of the changes, and our team will support them as they move their NFTs to their Kraken Wallet or a self-custodial wallet of choice,\u201d a Kraken spokesperson said.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Starbucks, the renowned multinational coffee chain, has also <\/span><span data-preserver-spaces=\"true\">decided<\/span><span data-preserver-spaces=\"true\"> to terminate its NFT rewards program. Moreover, gaming retailer GameStop has announced the closure of its NFT marketplace after scaling back its crypto services over the past two years.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/buy-bitcoin\/anonymously-without-id\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Buying and Using Bitcoin Anonymously \/ Without ID<\/span><\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener nofollow nofollow\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/strong><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/nft-sales-surge-past-8-8-billion-in-2024-exceeding-2023-by-100-million\/\">NFT Sales Surge Past $8.8 Billion in 2024, Exceeding 2023 by $100 Million<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Non-fungible tokens (NFTs) closed 2024 on a strong note, with annual sales surpassing $8.83 billion, according to data from CryptoSlam. This marks a 1.1% increase over the $8.7 billion recorded in 2023, suggesting a modest but notable recovery for the digital collectibles market. Ethereum and Bitcoin led the charge in 2024, each registering $3.1 billion [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-5307","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/5307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5307"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/5307\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}