01/01/2025 NFTs record $8.8B sales volume in 2024 — CryptoSlam

December was the fifth-strongest month for NFTs in 2024, with sales volumes reaching $877 million.

NFTs record $8.8B sales volume in 2024 — CryptoSlam

December was the fifth-strongest month for NFTs in 2024, with sales volumes reaching $877 million.

Non-fungible tokens (NFTs) are ending the year on a high, with digital collectibles surpassing their 2023 sales by more than $100 million.

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On Dec. 31, NFT data tracker CryptoSlamshowedthat blockchain-based digital collectibles had a sales volume of $8.83 billion in 2024. That surpassed 2023 NFT sales by over $100 million, as NFTs had about $8.7 billion in sales last year. It marked a 1.1% year-on-year increase.

In 2024, Ethereum and Bitcoin went toe-to-toe in sales volumes, with both blockchains recording $3.1 billion in NFT sales. Solana took the third spot with a total sales volume of $1.4 billion.

Ethereum remains the top blockchain for NFTs in all-time sales, with $44.9 billion. Solana follows with $6.1 billion, while Bitcoin-based NFTs recorded $4.9 billion overall.

All-time NFT sales by blockchains. Source: CryptoSlam

While this year had an increase in NFT sales, 2024 was still far off its 2021–2022 sales volumes. In 2021, NFTs ended the year with $15.7 billion in sales, 43.9% more than 2024’s record. In 2022, NFTs had a sales volume of $23.7 billion, 62.8% more than this year’s record.

Despite the lower volumes compared to previous years, Animoca Brands chairman Yat Siu said NFTs maysomeday perform better than those peak years. Siu said that as crypto markets grow, every Web3 component will follow. The executive predicted that NFT trading volumescould exceed billionsmonthly as the broader crypto market soars.

NFT sales uptick in the fourth quarter of 2024

NFT sales increasing toward the end of 2024 may have been an unexpected twist. Digital collectibles suffered a seven-month downturn during the year, with September reaching thelowest sales volumesthe space had seen since 2021.

Despite this, digital collectibles showed signs of life in October, when the spacesaw $353 million in sales, an 18% increase from September. The momentumcontinued through Novemberas NFTs had a monthly sales volume of $562 million, marking a six-month high.

In December, NFTs had a sales volume of $877 million, its fifth-highest performing month in 2024. The uptick in December was driven by increased sales in Ethereum-based collections, with the blockchain having a monthly NFT sales volume of $482 million.

Top NFT collections in December. Source: CryptoSlam

Pudgy Penguins remained on top of the NFT charts, with a sales volume of $115 million. Other NFT collections like Azuki, LilPudgys, CryptoPunks, Doodles and Bored Ape Yacht Club collectively recorded a sales volume of $141 million for the month.

Bitcoin-based NFTs recorded a sales volume of $172 million, while Solana-based collections had a $100 million sales volume in December.

Arts

https://cointelegraph.com/news/nft-total-sales-volume-2024-data-december

Interesting NFTs
Legendary Water Tower
Make it easier to water your crops with this Legendary Water Tower!
Lovers and unravelled obi, from the series Picture-book Models of Couples
Katsushika Hokusai (1760-1849) Lovers and unravelled obi, from the series Picture-book Models of Couples 1812 - Japan
Reflection
#XCOPY #GIF #screen #time #mirror
Christmas Sleigh
First Christmas-themed Visual Toy. For this work the artist has created a fantastic sleigh, ornamented in detail and with all the Christmas spirit that transports us to childhood, illusion, innocence. With its gift wrapping machinery, its Santa, a snow globe, the nutcracker, the European-style village and its soundtrack (first time with music) it is a whole Christmas mosaic for the imagination.
Alex in Wonderland
A figure, Alex, stands mostly naked in the midst of a physical and psychological maelstrom. He is clad only in nostalgic 80’s era socks, on a tenuous island between active waters and a variety of shark denizens. Sharks on the right side of the image are all beached, including a shark with a quartz crystal snout, an orange shark wrapped in a life buoy, and a shark further in the distance wearing an 80’s style shirt with the number “88”. On the left side is the largest shark, wearing bright glossy red lipstick and brandishing prominent teeth with braces. She is cordoned off from the figure by a roped float divider, and within her thought bubble is a warning symbol. Behind the figure, hovering in the air, are Grey aliens emerging from the distance, out of a series of elliptical UFO shaped interdimensional membranes. The Greys take on the visual form of spermazoa ostensibly impregnating the interdimensional thresholds. As is typical, these Greys inhabit a zone just behind the unconscious topology of Alex’s dissociative mind. Though Alex’s bottom half is representative, his top half mutates into a psychological cornucopia. In a manner akin to “Auto-Erotic Sphinx”, a predecessor work, the figure has self suctioned—an act of sensual infatuation, enjoyment, and exploration. Upward exists the figure’s primary conscious eye, adorned with a revolutionary beret emblazoned with a Bitcoin badge. The figure’s summit features the nose of a fighter jet facing off against video game Bullet Bills, one of whom is marked by a communist North Korean star. A cropped section of a UFO observes the contest. Alex’s mind branches both left and right. To the left is more singular embodied consciousness, manifesting two eyes and a Ganesh trunk grasping crayons. The right branch dissociates upward diagonally, emerging into an array of eyes, faces, teeth, tail, a unicorn horn, and much more—all of which participate in expressing his unconscious being; a democracy of psychic factions representing thought impressions and associations. All illumination and darkness– fernal, infernal, high consciousness and corporeal underbelly–reside in this realm. In the distance are relatively languid, light clouds, and against the firmament hovers a colossal distant eye peering over the scene and far beyond. This painting possesses underlying genetic traits with previous works such as “Auto-Erotic Sphinx with Toys”, “Dionysus”, and “Fuku-Shiva”. The work serves also as a nod to an earlier period of art inspiration during late teens and early twenties— born out of the nakedness, vulnerability, curiosity, and wonder inherent to coming of age and all subsequent psychedelic revelation.