Close Menu
  • Latest News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Meme Coins
  • DeFi
  • Tech
    • Blockchain
    • Security and Privacy
  • Web 3
    • Web3 News
    • Gaming
  • Legal
    • Taxes & Regulation
    • Adoption
  • Analysis
  • Learn
    • Education
    • Wallets and Exchanges
  • Tools
    • Market Overview
    • Converter
What's Hot

Ethena (ENA) rallies 16% as $8B TVL sparks bullish momentum

July 31, 2025

Bolivia Calls Crypto ‘Reliable Alternative’ in New El Salvador Partnership Deal

July 31, 2025

Ethereum Turns 10 – Will ETH Price Breakout to $4k Next?

July 31, 2025
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Disclosure
Facebook X (Twitter) Instagram
Buy Crypto NewsBuy Crypto News
  • Latest News
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. Meme Coins
    5. View All

    Germany’s AllUnity Launches BaFin-Regulated Euro Stablecoin EURAU

    July 31, 2025

    Asia Morning Briefing: MSFT, Meta Soar on Strong AI Earnings, But Crypto AI Tokens Fail to Follow

    July 31, 2025

    Citi Analysts Unveil Bitcoin Bull Case Price Target, Say BTC Returns Since 2024 Can Largely Be Explained by One Catalyst Alone: Report

    July 31, 2025

    The Protocol: Ethereum Turns Ten

    July 30, 2025

    Ethereum Turns 10 – Will ETH Price Breakout to $4k Next?

    July 31, 2025

    Coinbase just ended Solana’s 2-year reign – What’s next?

    July 31, 2025

    Ethereum outpaces Bitcoin in Q3 with 5x returns – Will ETH’s rally hold?

    July 31, 2025

    ‘It’s a new day’: SEC approves in-kind redemptions for spot Bitcoin, Ethereum ETFs

    July 30, 2025

    Ethereum Price Crash Or Rebound? Why $4,000 Holds The Key

    July 31, 2025

    SUI beats AVAX, NEAR, HYPE in volume, yet traders exit: What’s going on?

    July 31, 2025

    XRP’s $2.46B Open Interest flush sets stage for bullish rebound

    July 31, 2025

    Bitcoin Heat Macro Phase Signals Market Sits Between Accumulation And Distribution

    July 30, 2025

    Pepe, BMT, CAKE: Crypto Activity Heats Up

    March 18, 2025

    SHIB Burns Over Half a Billion Tokens, Price Surges Over 7%

    March 17, 2025

    DOGE Sees Massive User Growth: Active Addresses Up 400%

    March 15, 2025

    Shiba Inu (SHIB) Price Analysis: Bullish Hints, Bearish Trend

    March 15, 2025

    Ethena (ENA) rallies 16% as $8B TVL sparks bullish momentum

    July 31, 2025

    Bolivia Calls Crypto ‘Reliable Alternative’ in New El Salvador Partnership Deal

    July 31, 2025

    Ethereum Turns 10 – Will ETH Price Breakout to $4k Next?

    July 31, 2025

    Chinese Investors Sell Off Massive Amounts of Gold, Pivot Into This Asset Class As Bullion Prices Stall: Report

    July 31, 2025
  • DeFi

    Ethena (ENA) rallies 16% as $8B TVL sparks bullish momentum

    July 31, 2025

    PumpSwap captures 74% of Solana DEX volume as memecoins surge

    July 31, 2025

    Crypto for retail and institutions should be all-in-one

    July 31, 2025

    PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility

    July 30, 2025

    Are Samourai wallet founders going to jail? Execs set to plead guilty in DOJ case

    July 30, 2025
  • Tech
    1. Blockchain
    2. Security and Privacy
    3. View All

    Bolivia Calls Crypto ‘Reliable Alternative’ in New El Salvador Partnership Deal

    July 31, 2025

    HAiO and Intoverse Unite for a New Era of Web3 Engagement 

    July 31, 2025

    Robinhood Q2 Earnings Outpace Expectations on Higher Crypto Activity — Here are the Numbers

    July 31, 2025

    TaskOn and Sproutly Unite to Advance Green Web3 Initiatives

    July 31, 2025

    FBI Seizes $2.4m in Crypto from Chaos Ransomware Gang

    July 30, 2025

    Active Campaign Exploits Cloud Flaws for Cryptomining

    July 24, 2025

    Accounting Firm Targeted by Malware Campaign Using New Crypter

    July 22, 2025

    Grok refuses to pick winner for Crypto Rover competition citing ZachXBT pump and dump evidence

    July 21, 2025

    Ethena (ENA) rallies 16% as $8B TVL sparks bullish momentum

    July 31, 2025

    Bolivia Calls Crypto ‘Reliable Alternative’ in New El Salvador Partnership Deal

    July 31, 2025

    Ethereum Turns 10 – Will ETH Price Breakout to $4k Next?

    July 31, 2025

    Chinese Investors Sell Off Massive Amounts of Gold, Pivot Into This Asset Class As Bullion Prices Stall: Report

    July 31, 2025
  • Web 3
    1. Web3 News
    2. Gaming
    3. View All

    Video PaaS Market Outlook 2024 to 2034: Growth Insights with Vidyo, Sightcall, Sinch, GENBAND, Twilio, TokBox, Agro.io, Xura

    July 31, 2025

    GL Supports Next-Gen SIP Testing and Emulation

    July 31, 2025

    Resoomer’s DocStudio: Switch to augmented reading online

    July 31, 2025

    Ethereum at 10 and what’s next

    July 30, 2025

    PEPE GAMES Integrates with GaFin to Power the Meme Gaming Hub

    July 30, 2025

    A Pressure Group Forced Steam to Remove Adult Games. It’s Coming After Crypto Next

    July 30, 2025

    On-Chain Games Don’t Have a ‘Secret Sauce,’ YGG’s New Advisor Says

    July 28, 2025

    Top 5 Gaming Blockchains Set to Explode in the Next Bull Run

    July 28, 2025

    Ethena (ENA) rallies 16% as $8B TVL sparks bullish momentum

    July 31, 2025

    Bolivia Calls Crypto ‘Reliable Alternative’ in New El Salvador Partnership Deal

    July 31, 2025

    Ethereum Turns 10 – Will ETH Price Breakout to $4k Next?

    July 31, 2025

    Chinese Investors Sell Off Massive Amounts of Gold, Pivot Into This Asset Class As Bullion Prices Stall: Report

    July 31, 2025
  • Legal
    1. Taxes & Regulation
    2. Adoption
    3. View All

    New SEC standard leans on CFTC and Coinbase to decide which digital assets get spot crypto ETFs

    July 31, 2025

    Are US Banking Giants Taking Action Against Cryptocurrencies Again? Things Are Heating Up – Here Are the Details

    July 31, 2025

    Trump administration unveils detailed crypto policy but shrouds Bitcoin reserve in mystery

    July 31, 2025

    Wyoming’s Stablecoin Billed as Yield-Bearing Alternative to CBDC Control

    July 31, 2025

    StanChart predicts corporates will control 10% of Ethereum supply over time

    July 30, 2025

    Billionaire Bill Miller IV says Ethereum and Solana won’t win ‘at the end of the day’

    July 30, 2025

    Interactive Brokers weighs launching customer stablecoin to power 24/7 funding

    July 29, 2025

    Hyperscale Data begins executing $10M XRP plan, shares jump 12% amid announcement

    July 29, 2025

    Ethena (ENA) rallies 16% as $8B TVL sparks bullish momentum

    July 31, 2025

    Bolivia Calls Crypto ‘Reliable Alternative’ in New El Salvador Partnership Deal

    July 31, 2025

    Ethereum Turns 10 – Will ETH Price Breakout to $4k Next?

    July 31, 2025

    Chinese Investors Sell Off Massive Amounts of Gold, Pivot Into This Asset Class As Bullion Prices Stall: Report

    July 31, 2025
  • Analysis

    Chinese Investors Sell Off Massive Amounts of Gold, Pivot Into This Asset Class As Bullion Prices Stall: Report

    July 31, 2025

    Solana’s xStocks top $1.6B in first month of trading, largely driven by centralized exchanges

    July 31, 2025

    Low-Cap Altcoin Erupts Following As Coinbase Adds Support for Under-The-Radar Crypto Project

    July 31, 2025

    Ripple CTO reveals why the firm is not currently using XRPL DEX for payments

    July 30, 2025

    Goldman Sachs Warns of Froth in US Equities Amid Meme Stock Mania, Says Now’s the Time To Get Defensive

    July 30, 2025
  • Learn
    1. Education
    2. Wallets and Exchanges
    3. View All

    What Is Tokenization?

    July 11, 2025

    What Are Internet Capital Markets? Why Companies Are Launching Meme Coins

    June 16, 2025

    What is a Corporate Bitcoin Treasury? The Strategy Behind Companies Holding Crypto

    May 27, 2025

    What Are Tokenized Real-World Assets? Putting Physical Value On-Chain With RWAs

    May 19, 2025

    Coinbase-JPMorgan alliance aims to onboard millions into crypto

    July 31, 2025

    CoinDCX CEO denies Coinbase acquisition talks

    July 30, 2025

    MetaMask launches new stablecoin yield feature on wallets

    July 30, 2025

    MEXC finds that 67% of Gen Z crypto traders use AI tools, resulting in fewer panic sells

    July 26, 2025

    Ethena (ENA) rallies 16% as $8B TVL sparks bullish momentum

    July 31, 2025

    Bolivia Calls Crypto ‘Reliable Alternative’ in New El Salvador Partnership Deal

    July 31, 2025

    Ethereum Turns 10 – Will ETH Price Breakout to $4k Next?

    July 31, 2025

    Chinese Investors Sell Off Massive Amounts of Gold, Pivot Into This Asset Class As Bullion Prices Stall: Report

    July 31, 2025
  • Tools
    • Market Overview
    • Converter
Buy Crypto NewsBuy Crypto News
Home»Web3»NFTs on the Rise: Key Drivers Behind the Market’s Resurgence
Web3

NFTs on the Rise: Key Drivers Behind the Market’s Resurgence

December 9, 2024No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

The NFT market has been through a rollercoaster ride in the past year, experiencing significant fluctuations in value. Nine months ago, it reached a peak of $2 billion before crashing, but it has since shown signs of recovery.

In November, the NFT market started to bounce back, with a trading volume of $698 million, marking a 22% increase from the previous month. This resurgence was fueled by renewed interest in high-value collections like Pudgy Penguins. While the number of sales decreased by 11% to 3 million, it indicated a shift towards higher-value transactions rather than an increase in volume.

The recovery of the NFT market can be attributed to a shift in perspective, with NFTs being viewed more as cultural commodities rather than speculative assets. Established collections like CryptoPunks and Bored Ape Yacht Club have been leading the charge in this regard.

Mainstream collaborations have also played a significant role in bringing NFTs to a wider audience. For instance, McDonald’s launched the “GM Spread Joy” campaign with Doodles, featuring NFT artwork on over 100 million McCafé cups across the US, bridging the gap between Web3 and mainstream culture.

Despite the positive momentum, the NFT market still faces challenges. The decision by Nike to shut down its NFT subsidiary RTFKT by January 2025 indicates that big brands are reevaluating their priorities and finding it challenging to sustain long-term engagement and mass adoption.

In terms of blockchain dynamics, Ethereum continues to dominate the market for high-value NFT collections and maintains its lead in volume. However, other blockchains like Polygon and Solana are gaining traction, with Polygon leading in NFT sales due to integrations like Instagram’s feature that allows users to mint, showcase, and sell NFTs directly.

See also  Peaky Blinders Heads to Blockchain Gaming with AAA Ambitions

Looking ahead, the future of NFTs seems promising, especially in the gaming sector. Gaming dapps on platforms like Polygon and Immutable are driving market activity, offering interactive and engaging experiences that attract a wider audience. NFT utility is expanding beyond art and collectibles into gaming, fashion, and entertainment, signaling a broader adoption of NFTs in various industries.

In conclusion, the NFT market is on a path to recovery, supported by increased volume, cultural integration, and technological advancements. While challenges and uncertainties remain, the long-term outlook for NFTs is positive, with the potential to influence digital culture and commerce in significant ways.

Drivers key markets NFTs Resurgence Rise
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Video PaaS Market Outlook 2024 to 2034: Growth Insights with Vidyo, Sightcall, Sinch, GENBAND, Twilio, TokBox, Agro.io, Xura

July 31, 2025

Ethereum Price Crash Or Rebound? Why $4,000 Holds The Key

July 31, 2025

GL Supports Next-Gen SIP Testing and Emulation

July 31, 2025

Resoomer’s DocStudio: Switch to augmented reading online

July 31, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

DNS Vs Web3: Why Only One Requires Renewals

June 1, 2025

How Cloud-Based Email Solutions — and Web3 — Can Change Your Business Marketing Efforts

June 16, 2025

Pelago Labs launches supply chain financing platform on Stellar network

March 29, 2025
Price Chart


Explore insights on crypto, blockchain, taxes, and security. Stay informed with expert guides, tips, and the latest trends to navigate the digital asset world confidently


We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Ethena (ENA) rallies 16% as $8B TVL sparks bullish momentum

July 31, 2025

Bolivia Calls Crypto ‘Reliable Alternative’ in New El Salvador Partnership Deal

July 31, 2025

Ethereum Turns 10 – Will ETH Price Breakout to $4k Next?

July 31, 2025
Get Informed

Subscribe to Updates

Get the latest creative news From BuyCryptoNews directly in your Inbox!

  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Disclosure
© 2025 BuyCryptoNews - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.