CandleFocus Digital Collectibles Market Struggles as September NFT Sales Slide by 47.9%
2024-10-01
Author: Content Editor
In September, there was a significant decline in non-fungible token (NFT) sales compared to the previous month. Data from Cryptoslam.io shows a 47.9% drop in total digital collectible sales. This decline follows a tough month in August, where NFT revenue plummeted by 41.36% compared to July. The top five blockchains by NFT sales all posted monthly losses, with Ethereum leading the charge but still experiencing a 46.57% decline. The top NFT collections for September were Ethereum's Cryptopunks and Immutable X's Guild of Guardians, but they also saw decreased sales compared to the previous month. This decline in the NFT market signals a need for renewed interest and innovation to revive demand.
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