No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Saturday, October 4, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Cryptocurrency

NFT Art Sales Fall From $2.9B In 2021 To $24M In Q1 – Report

by TheAdviserMagazine
6 months ago
in Cryptocurrency
Reading Time: 5 mins read
A A
NFT Art Sales Fall From .9B In 2021 To M In Q1 – Report
Share on FacebookShare on TwitterShare on LInkedIn


Join Our Telegram channel to stay up to date on breaking news coverage

The global non-fungible token art market has been experiencing an up-and-down swing since its inception in 2020, evolving from niche enthusiasm to mainstream frenzy before facing a brutal steep decline. An in-depth analysis has revealed that the NFT art market has fallen by over 90%, with its trading volume falling from $2.9 billion in 2021 to just $23.8 million as of Q1 2025. In this article, we shall discuss what went wrong.

NFT Art Sales Fall In Q1, Down +90% Since 2021

On March 27, 2025, DappRadar, the digital asset platform providing a comprehensive hub for discovering, tracking, and managing decentralized applications, NFTs, DeFi projects, and other web3 assets while offering data and insights to users and industry partners, shared a report about the NFT art market. The data analytics report found that the trading sales volume for the NFT Art market has plummeted by more than 90%, falling from a record high of $2.9 billion to $23.8 million in Q1 2025.

📉 In 2021, Art NFTs hit $2.9B in volume. This quarter? Just $23.8M.

From Beeple’s $69M masterpiece to a 93% crash in trades – what happened to the NFT art boom?

We dug into the data, and it’s more than just a hype cycle.Read the full breakdown 👇https://t.co/WGo83lTQM9

— DappRadar (@DappRadar) March 28, 2025

The non-fungible token art market debuted in early 2020, with trading volume reaching $28.7 million and over 101,000 sales on Ethereum. As the pioneering blockchain network in the NFT space, Ethereum laid the foundation for digital art to thrive. The NFT art market reached a huge milestone in November 2020, shortly after the launch of Art Blocks. This art collection propelled generative art into the spotlight and attracted artists and collectors, marking a turning point in the digital art landscape.

NFT art volume from 2020

In late 2021 and early 2022, the NFT art market surged in popularity, rapidly becoming one of the most discussed topics in the NFT industry. During this NFT market bull run, the art sector provided digital artists unprecedented creative and financial independence, creating a new digital economy and pushing the global NFT market valuations to extraordinary heights. For the first time, the traditional art market captured mainstream attention and interest.

The rapid growth of the NFT art market coincided with global shifts driven by the COVID-19 pandemic, which accelerated the adoption of digital platforms and pushed NFT artists to explore innovative methods of engaging with their audiences. In late 2021, Art NFTs gained massive traction, with trading volume skyrocketing by +10,000% year-over-year to reach $2.9 billion. Earlier in 2022, the NFT art market saw some NFTs selling for eye-watering sums of dollars.

The most expensive and iconic NFTs sold during the 2021-2022 historic NFT marker bull run included “Everydays: The First 5000 Days” by Beeple, which Sold for $69.3 million, “HUMAN ONE” by Beeple, Sold for $28.9 million, “Right-Click and Save As Guy” by XCOPY that Sold for $7.09 million, “Crossroad” by Beeple that Sold for $6.6 million, and Ringers #109” by Dmitri Cherniak that Sold for $6.93 million.

From mid-2022, the art NFT market lost its initial momentum, with trading volume dropping by 19% year-over-year to $2.38 billion despite a 31% increase in sales count to 1.91 million. This divergence between trading volume and sales count indicated a significant drop in average NFT floor prices as the hype began to fade. The downturn continued in 2023 and 2024, with art trading volume plummeting 93% from its all-time high to just $197 million.

Three years later, the hype around Art NFTs has plunged significantly. In Q1,2025, the trading volume for Art NFTs dropped even further to just $23.8 million. Even though the year isn’t over, this figure indicates that Art NFTs are still struggling to regain relevance. The drastic decline for Art NFTs from the golden era of 2021-2022 reflects waning enthusiasm and diminishing investment interest. The plunge also suggests that market sentiment can change, leaving any landscape in a state of uncertainty.

What Went Wrong?

Based on DappRadar’s findings, the NFT art market experienced high demand and fewer sellers in 2022, creating intense competition that drove up floor prices and trading sales volume. In 2022, the ratio became more balanced, with increased trading and flipping activity as speculation grew. In 2023, buyers and sellers balanced, signaling a more mature and less speculative market.

NFT buyersNFT buyers

Unfortunately, a sharp drop in buyers alongside steady seller numbers last year highlighted dwindling demand and increased efforts to liquidate assets. In the past three months, the market has experienced a cautious but stable environment, with a small but consistent community of dedicated collectors remaining active. As the NFT industry evolves, Art NFTs are poised to thrive as a refined and resilient segment of the broader NFT ecosystem.

Related NFT News:

Best Wallet – Diversify Your Crypto Portfolio

Best WalletBest Wallet

Easy to Use, Feature-Driven Crypto Wallet
Get Early Access to Upcoming Token ICOs
Multi-Chain, Multi-Wallet, Non-Custodial
Now On App Store, Google Play
Stake To Earn Native Token $BEST
250,000+ Monthly Active Users

Best WalletBest Wallet

Join Our Telegram channel to stay up to date on breaking news coverage



Source link

Tags: 2.9B24MartFallNFTReportsales
ShareTweetShare
Previous Post

Foreign Aid, Reparations, And Economic Growth

Next Post

PCE inflation February 2025

Related Posts

edit post
Stablecoin Yield Means Banks Must Now offer Customers Real Interest

Stablecoin Yield Means Banks Must Now offer Customers Real Interest

by TheAdviserMagazine
October 4, 2025
0

Stablecoins, tokenized versions of fiat currencies that move on blockchain rails, will eventually force banks and other financial institutions to...

edit post
Calls Lifted In 6K–5K Range

Calls Lifted In $136K–$145K Range

by TheAdviserMagazine
October 4, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Over the last week, Bitcoin prices have...

edit post
FLOKI Makes History With First ETP in Europe as Price Surges 30%

FLOKI Makes History With First ETP in Europe as Price Surges 30%

by TheAdviserMagazine
October 4, 2025
0

FLOKI has announced the launch of the first BNB chain exchange-traded product (ETP) in Europe. The token responded with this...

edit post
World Liberty Financial sells tokens to Hut8 for treasury reserves at alt=

World Liberty Financial sells tokens to Hut8 for treasury reserves at $0.25 each

by TheAdviserMagazine
October 3, 2025
0

Key Takeaways World Liberty Financial, a DeFi project with real-world asset tokenization focus and Trump family connections, sold tokens to...

edit post
Bitcoin Capital Flow Must Enter The Network Before Global Dominance — Here’s What Will Happen

Bitcoin Capital Flow Must Enter The Network Before Global Dominance — Here’s What Will Happen

by TheAdviserMagazine
October 3, 2025
0

My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with...

edit post
REX-Osprey and Defiance file 27 crypto ETFs, including staking and 3x leverage

REX-Osprey and Defiance file 27 crypto ETFs, including staking and 3x leverage

by TheAdviserMagazine
October 3, 2025
0

REX-Osprey filed prospectuses for 21 crypto funds and Defiance lodged six more products on Oct. 3.Bloomberg’s James Seyffart shared the...

Next Post
edit post
PCE inflation February 2025

PCE inflation February 2025

edit post
Sam Bankman-Fried parts ways with ‘Diddy’ as feds transfer crypto conman from Brooklyn prison to Oklahoma

Sam Bankman-Fried parts ways with ‘Diddy’ as feds transfer crypto conman from Brooklyn prison to Oklahoma

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
Tips to Apply for Mental Health SSDI Without Therapy

Tips to Apply for Mental Health SSDI Without Therapy

September 19, 2025
edit post
Will the IRS Negotiate If You Can’t Pay? 

Will the IRS Negotiate If You Can’t Pay? 

0
edit post
Can Tracking Error Boost Index Funds’ After-Tax Returns?

Can Tracking Error Boost Index Funds’ After-Tax Returns?

0
edit post
Our Favorite Zucchini Bread Recipe

Our Favorite Zucchini Bread Recipe

0
edit post
Dublin’s Deciphex draws €15M to defeat dangerous diagnostic delays 

Dublin’s Deciphex draws €15M to defeat dangerous diagnostic delays 

0
edit post
Silver Bulls Eye  Historic Target as Fed Policy and Rising Demand Fuel Rally

Silver Bulls Eye $50 Historic Target as Fed Policy and Rising Demand Fuel Rally

0
edit post
How OBBBA is changing tax planning and policy

How OBBBA is changing tax planning and policy

0
edit post
Stablecoin Yield Means Banks Must Now offer Customers Real Interest

Stablecoin Yield Means Banks Must Now offer Customers Real Interest

October 4, 2025
edit post
Trump to federalize 300 members of the Illinois National Guard ahead of expected deployment to Democratic state

Trump to federalize 300 members of the Illinois National Guard ahead of expected deployment to Democratic state

October 4, 2025
edit post
Our Favorite Zucchini Bread Recipe

Our Favorite Zucchini Bread Recipe

October 4, 2025
edit post
Spot crypto ETFs outperform trusts and strategy funds (BTC-USD:Cryptocurrency)

Spot crypto ETFs outperform trusts and strategy funds (BTC-USD:Cryptocurrency)

October 4, 2025
edit post
If you’re not an AI startup, good luck raising money from VCs

If you’re not an AI startup, good luck raising money from VCs

October 4, 2025
edit post
A Blurry Future for Eye Tracking Stocks

A Blurry Future for Eye Tracking Stocks

October 4, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Stablecoin Yield Means Banks Must Now offer Customers Real Interest
  • Trump to federalize 300 members of the Illinois National Guard ahead of expected deployment to Democratic state
  • Our Favorite Zucchini Bread Recipe
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.