According to NonFungible data, total NFT sales recorded on the Ethereum, Ronin, and Flow blockchains generated an aggregated value of $245 million on March 20, practically one-third of the value seen on the same date last year, while the total number of sales plunged from nearly 200,000 to only 52,000.
Statista expects the market to continue losing its momentum in the following years. In 2025, the revenues of NFT marketplaces are forecasted to increase by 21% to $2.87 billion, only half the growth projected for this year.
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