NFT sales dropped to about 8.5 billion USD in 2024, yet buyers surged by 62%, rising from 4.6 million to 7.5 million. This growth indicates sustained interest in the NFT market despite the challenges.

Significant NFT marketplaces closed due to regulatory uncertainties, reflecting the SEC’s scrutiny. However, after a seven-month slump, sales rebounded in October and November, suggesting room for growth in the NFT sector.