NFT Market
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Revenue in the NFT market is projected to reach US$2,378.0m in 2024. —
NFT volume in February 2024 surpassed $381 Million —
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 9.10% resulting in a projected total amount of US$3,369.0m by 2028. —
The average revenue per user in the NFT market amounts to US$162.1 in 2024. —
In the NFT market, the number of users is expected to amount to 16.35m users by 2028. —
More than $2 billion was spent on NFTs during the first three months of 2021—marking a 2,100 percent increase from the fourth quarter of 2020. —
Jefferies predicts that the market capitalization of NFTs will reach $80 billion in value by the year 2025 —
Sotheby's Achieves Over $35 Million in Digital Art Sales in 2023 —
A current lucrative use for NFTs is in-game items, in which users can buy things like skins or accessories to be used in blockchain-based video games. In the third quarter of 2021 alone, in-game items generated $2.3 billion in trading volume, DappRadar found. This represents 22% of the total NFT trading volume. —
In February 2024, Celo had almost 1 Million monthly active users: —