NFT Sales Drop 45% QoQ in Q2
"NFT sales fell 45% in Q2 compared to Q1," CryptoPotato reported, citing NFT data platform Cryptoslam. "NFT sales in Q2 totaled approximately $2.28 billion, the lowest sales volume since Q3 2023, led by the lowest monthly sales volume in June since October 2023. April and May also saw a decline, with $1.2 billion and $616 million respectively. Key metrics such as sales volume, sellers, and buyers in the NFT market declined in Q2, indicating bearish momentum. The short-term bearish trend in Bitcoin is directly responsible for the decline in key metrics such as NFT trading volume."
