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NFT’s worst year since 2020, CryptoPunks pump 13%: Nifty Newsletter

NFT’s worst year since 2020, CryptoPunks pump 13%: Nifty Newsletter

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Source: Coin Telegraph

NFT trading plummeted in 2024, falling 19% in volume and 18% in sales, with prices and volatility on the rise.

Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Keep reading to stay up-to-date with the latest stories on non-fungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to dig deeper into the latest NFT trends and insights.

In this week’s newsletter, non-fungible tokens (NFTs) remain a hot topic as a DappRadar report revealed 2024 was the worst-performing year for NFTs since 2020, check out why the CryptoPunks NFT floor price pumped by 13% amid rumors of a sale and read about Indian Railways passengers getting NFT tickets on their journey to the MahaKumbh Mela festival.

On Jan. 14, DappRadar released its 2024 Dapp Industry Report, which revealed that 2024 was the worst year for NFT trading volume and sales since 2020, marred by rising token prices and market volatility.

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Author: Josh O'Sullivan