NFT’s worst year since 2020, CryptoPunks pump 13%: Nifty Newsletter
NFT trading plummeted in 2024, falling 19% in volume and 18% in sales, with prices and volatility on the rise.
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NFT trading plummeted in 2024, falling 19% in volume and 18% in sales, with prices and volatility on the rise.
Pudgy Penguins’ PENGU token jumps 13% despite NFT sales dropping over 50%, fueled by a viral marketing campaign.
NFTs had a total sales volume of $8.8 billion in 2024, surpassing their record in 2023 by over $100 million.
Ethereum NFT collections surged, driving weekly sales volumes above $300 million.
OpenSea told Cointelegraph that the foundation in the Cayman Islands was a registered entity.
The Ethereum blockchain recorded $92 million in weekly NFT sales, driven by interest in collections like CryptoPunks and Pudgy Penguins.
NFTs have started to recover, recording a monthly sales volume of $562 million in November.
NFTs recorded a weekly sales volume of $158 million, showing a strong weekly performance compared to the start of November.
NFTs continue to recover as weekly sales volumes hit $181 million, surging 94% week-on-week.
NFT whales on the BNB Chain ecosystem drove an increase in trading volume in the third quarter of 2024.
