NFT Market Suffers Major Decline in Q1 Despite Outperformances

The first quarter of 2025 witnessed a significant decline for the NFT market, with sales dropping by a staggering 63% year-over-year. From $4.1 billion in Q1 2024 to just $1.5 billion this year, the downturn was marked by a particularly harsh March where sales plummeted a whopping 76% compared to last year’s figures. However, amidst these challenges, certain NFT collections thrived, bucking the trend.