NFT Market Downturn: Pudgy Penguins & Milady Surge Amidst Sales Decline

The NFT market experienced a significant downturn in Q1 2025, though certain niche projects are experiencing growth despite the overall decline. Pudgy Penguins and Milady NFTs have seen remarkable surges in popularity, suggesting that specific project niches can thrive even during challenging market conditions. Experts attribute this trend to growing demand for unique digital art, indicating that the NFT space is undergoing a transformation.