This week, the non-fungible token (NFT) sector continued its downward trend, with sales plummeting to $88 million. This pullback keeps the NFT market as one of the most challenged within the crypto ecosystem, in stark contrast to BTC’s growth in 2024.
Despite this slowdown, development in the NFT sector does not stop. Artists and companies continue to digitize assets to reach a retail audience, showing long-term investor optimism.
The future of the NFT market largely depends on progress in key areas such as gaming and metaverses. Although these developments are not yet visible in the short term, they are considered inevitable for the evolution of digital innovation.
Currently, the NFT sector may be attractive to those looking to take advantage of low prices, but the waiting horizon could be long. This week’s figures reflect that investor interest in NFTs continues to decline.
Bitcoin en ventas de NFT esta semana. Fuente: Cryptoslam</p>
” data-medium-file=”https://i0.wp.com/criptotendencia.com/wp-content/uploads/2024/10/NFT-ventas-271024.png?fit=300%2C118&ssl=1″ data-large-file=”https://i0.wp.com/criptotendencia.com/wp-content/uploads/2024/10/NFT-ventas-271024.png?fit=696%2C274&ssl=1″ tabindex=”0″ role=”button” src=”https://i0.wp.com/criptotendencia.com/wp-content/uploads/2024/10/NFT-ventas-271024.png?resize=696%2C274&ssl=1″ alt=”Solana displaced Bitcoin in NFT sales this week.” class=”wp-image-315789″ srcset=”https://i0.wp.com/criptotendencia.com/wp-content/uploads/2024/10/NFT-ventas-271024.png?resize=1024%2C403&ssl=1 1024w, https://i0.wp.com/criptotendencia.com/wp-content/uploads/2024/10/NFT-ventas-271024.png?resize=300%2C118&ssl=1 300w, https://i0.wp.com/criptotendencia.com/wp-content/uploads/2024/10/NFT-ventas-271024.png?resize=768%2C303&ssl=1 768w, https://i0.wp.com/criptotendencia.com/wp-content/uploads/2024/10/NFT-ventas-271024.png?resize=150%2C59&ssl=1 150w, https://i0.wp.com/criptotendencia.com/wp-content/uploads/2024/10/NFT-ventas-271024.png?resize=696%2C274&ssl=1 696w, https://i0.wp.com/criptotendencia.com/wp-content/uploads/2024/10/NFT-ventas-271024.png?resize=1068%2C421&ssl=1 1068w, https://i0.wp.com/criptotendencia.com/wp-content/uploads/2024/10/NFT-ventas-271024.png?resize=1066%2C420&ssl=1 1066w, https://i0.wp.com/criptotendencia.com/wp-content/uploads/2024/10/NFT-ventas-271024.png?w=1183&ssl=1 1183w” sizes=”(max-width: 696px) 100vw, 696px”/>Solana displaced Bitcoin in NFT sales this week. Source: Cryptoslam
Crash in NFT sales this week
In the last 7 days, NFT sales totaled $88.1 million, marking a -5.3% drop compared to last week, when they reached $93 million, according to data from Cryptoslam.io.
By Blockchain, Ethereum led with $29.8 million in sales, a -10% decrease. The Solana network came in second place, surpassing Bitcoin, with $19.9 million and a weekly growth of +27.5%. In contrast, Bitcoin fell to third place with $13.2 million in sales, a drop of -38.3%.
Among the collections, Froganas de Solana was the big revelation, reaching sales of $5.89 million, a weekly increase of +136.4%. Dmarket and Guild of Guardians Heroes took second and third place, closely followed by the legendary CryptoPunks, which showed a positive increase of 19.3%.
As you can see, the performance of NFT sales this week extends an ebb trend that has been going on for several consecutive months.
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