The Non-fungible Token (NFT) market is experiencing a downward trend, with sales volume declining by 4.7% in the past week to reach $94.7 million according to CryptoSlam data. This marks another dip after initial signs of market recovery. The decline could be attributed to a broader downturn in the cryptocurrency market and concerns about geopolitical tensions. While global financial markets have faced uncertainty due to ongoing trade disputes, particularly those between major economies, this drop extends beyond just sales volume. NFT buyer activity also declined by 77.9% to 128,244 individuals, while sellers saw a similar decrease of 75.2%. Furthermore, the number of transactions within the NFT marketplace decreased by 6.3% to 1,441,009. These figures highlight the continued struggles of the NFT market. Notable closures like LG’s Art Lab, which experienced significant trade volume despite its relatively short existence, further emphasize this trend. Other major platforms such as X2Y2 and Bybit have also shifted their focus away from NFTs. The future of the NFT market remains uncertain, with predictions for 2032 suggesting potential value, but it’s unclear how long these trends will continue.