Is the NFT market returning? This is what the data shows

The NFT movement seems to be gaining impulse once again, projected to grow substantially in the coming years, driven by the increase in adoption levels.

Certain metrics indicate a constant rejuvenation, but we remain far from the years of glory experienced not long ago.

Forecast for growth

According to a report by the Coinlaw.io analysis platform, the non -fungible token market (NFT) shows signs of a revival. It is projected that it will grow in hundreds of billions for the end of the decade, by moving away from speculative art to an interconnected ecosystem that covers fashion, games and even legal matters.

Current projections consult the 2025 Global NFT market to reach more than $ 60 billion, and with a compound annual growth rate (CAGR) of almost 42%, to exceed $ 247 billion by 2029, of course, depending on adoption trends and market conditions.

Leading trends remain games and digital games, which represents 38% of NFT global transactions and 21% market size, respectively. Some future movements, such as real estate, exceeded $ 1.4 billion in volume, and Figital Tokens, linked to physical goods, saw a 60% increase in the volume of transactions, directed by luxury brands.

The institutions and companies of risk capital (VC) also seem to be attracted to this market, and the latter invested $ 4.2 billion in NFT projects only for this year. Financial giants such as Goldman Sachs and JPMorgan have explored the tokenization for digital assets, while companies such as Softbank and Sequoia capital are expanding to tokenized digital assets.

In addition, there has already been a request from the Canary Capital Assets Manager for an ETF of Pugüinos Púcordetes, which would potentially maintain a mixture of the Pengu Meme Coin and Pudggy Penguins NFT collection.

Non -fungible tokens also have a firm understanding about industry’s domain, specifically in relation to unique active wallets (UAW) by having a larger participation than AI and social decentralized applications (DAPPS).

Negotiation and sales volume

NFT sales have gradually increased since the beginning of the year, while the negotiation volume experienced a fall, with approximately a jump of 2 my a drop of $ 419 million, respectively.

According to the picture, July and August saw the strongest rebounds since the fall of mid -year, adding approximately one billion to the NFT market capitalization and increase the wallet count by 90,000.

Although there are signs of recovery, this niche market is still far from the 2022 peaks that saw approximately $ 24.7 billion market capitalization, with the current levels of only $ 6B, a substantial fall of 76%, according to the data in print time from Coingcko.