{"id":136643,"date":"2024-09-03T09:30:53","date_gmt":"2024-09-03T06:30:53","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136643"},"modified":"2024-09-02T23:29:58","modified_gmt":"2024-09-02T20:29:58","slug":"nft-sales-crash-to-new-2024-low-in-august","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/nft-sales-crash-to-new-2024-low-in-august\/","title":{"rendered":"NFT Sales Crash to New 2024 Low in August"},"content":{"rendered":"<p>According to NFT tracker <strong><a href=\"https:\/\/www.cryptoslam.io\/nftglobal?timeFrame=month\" target=\"_blank\" rel=\"nofollow\">CryptoSlam<\/a><\/strong>, this figure represents a sharp 76% decrease from the peak of $1.6 billion in March.<\/p>\n<p><a href=\"https:\/\/cryptodnes.bg\/en\/?attachment_id=136644\" rel=\"attachment wp-att-136644\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-136644\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/09\/Screenshot-2024-09-02-232920.png\" alt=\"\" width=\"949\" height=\"203\" srcset=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/09\/Screenshot-2024-09-02-232920.png 1852w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/09\/Screenshot-2024-09-02-232920-300x64.png 300w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/09\/Screenshot-2024-09-02-232920-1024x219.png 1024w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/09\/Screenshot-2024-09-02-232920-768x164.png 768w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/09\/Screenshot-2024-09-02-232920-1536x328.png 1536w\" sizes=\"(max-width: 949px) 100vw, 949px\"><\/a><\/p>\n<p>NFTs saw a robust start to the year with $4.1 billion in sales during the first quarter. However, momentum waned significantly, with second-quarter sales falling to $2.24 billion\u2014a 45% decline from the previous quarter.<\/p>\n<p>Despite a brief uptick in the final week of August, NFT sales have been on a steady decline since April, when sales first dropped to $1.2 billion.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/metaplanet-and-sbi-group-partner-to-boost-bitcoin-trading-and-custody\/\" title=\"Metaplanet and SBI Group Partner to Boost Bitcoin Trading and Custody\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/11\/confiscate-bitcoin-1-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Metaplanet and SBI Group Partner to Boost Bitcoin Trading and Custody<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The decline deepened with May\u2019s $598 million and continued through July, which saw sales of $427 million but an 87% increase in transaction volume. NFT transactions surged from 5.7 million in June to 10.7 million in July.<\/p>\n<p>In August, transactions decreased to 7.3 million, a 31% drop from July. On a positive note, the average value of each NFT sale rose by 27%, from $39.93 to $50.74. By early September, this average value had further increased to $86.04 per transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In August 2024, sales of non-fungible tokens (NFTs) fell to $374 million, marking the lowest monthly total of the year and the first time sales have dipped below $400 million in 2024.<\/p>\n","protected":false},"author":3,"featured_media":34114,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-136643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NFT Sales Crash to New 2024 Low in August<\/title>\n<meta name=\"description\" content=\"In August 2024, sales of non-fungible 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