Despite a 45% drop in NFT sales during Q2 2024, Web3 professionals remain optimistic about the future of non-fungible tokens.
While non-fungible tokens struggled in terms of sales volume in the second quarter of 2024, Web3 professionals remain optimistic that the asset class will once again peak like it did in its earlier years.
In June, CryptoSlam data showed that NFTs had a rough second quarter this year. Digital collectibles’ sales volume was down 45% compared to the first quarter of 2024, failing to maintain a momentum driven by Solana-based collections and Bitcoin Ordinals in the fourth quarter of 2023.
Despite the downturn in volumes, the Web3 community continues to be optimistic about the asset class’s potential resurgence.
