Cryptocurrency Q&A
Is the NFT boom over?
Is the NFT boom over?
Daniele
Thu Oct 31 2024
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5 answers
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I've been hearing a lot about NFTs in the past few months, but recently it seems like the hype has died down. I'm wondering if the NFT boom is over, or if it's just a temporary lull before another wave of popularity.
5 answers
Chiara
Sat Nov 02 2024
The sales of art-related NFTs on platforms outside the art market have experienced a decline over the past two years.
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Davide
Sat Nov 02 2024
In 2021, these sales peaked at a staggering USD 2.9 billion.
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Sara
Sat Nov 02 2024
However, by 2023, the figure had dropped significantly to USD 1.2 billion.
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DaeguDiva
Sat Nov 02 2024
This represents a year-on-year decrease of 51%, indicating a substantial shift in the market.
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GangnamGlamourQueen
Fri Nov 01 2024
Despite this decline, the 2023 sales figure is still impressive when compared to 2020, where the market was valued at just USD 20 million.
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