Top NFT Companies 2024 | Built In (2024)

FAQs

What is the NFT prediction for 2024? ›

Emerging NFT Trends: 2024 Highlights

Several trends are shaping the NFT landscape in 2024, but four stand out: Metaverse and Virtual Real Estate: The metaverse concept, a virtual reality space for interaction and transactions, has boosted demand for virtual real estate NFTs.

The market is projected to experience an annual growth rate of -11.01% (CAGR 2024-2025), resulting in a total revenue of US$608.6m by 2025.

The value of NFT collectibles is down 90% since 2021's peak. In speculator's evaluation, the NFT market collapsed, becoming a fad after a series of scandals in the crypto market in 2022. However, the future of NFT in 2024 shows that the correlation between these two markets is not as close as it seems.

Bitcoin outperformed all major asset classes in 2023, rising 128% while the S&P 500 returned 21%, gold returned 12%, and bonds returned 2%. 2 We expect that trend to continue in 2024, with bitcoin trading above $80,000 and setting a new all-time high. There are two major catalysts that will help get us there.

As an NFT, however, the blockchain can store this information publicly, unchangeably and theoretically, forever. Yes, the image can still be saved by many people, but while they may have a copy, they don't own it.

An investor's ownership of an asset can be more securely represented digitally using blockchain technology. Further, NFTs have a strong potential as a long-term investment option.

One of the most notable NFT collectors was the digital artist known as Beeple (real name Mike Winkelmann), who had made headlines when his NFT artwork sold at auction for a staggering $69 million. Beeple himself had also become a collector of NFTs from other artists, amassing a collection worth millions of dollars.

What type of NFT sells best? ›

Some of the types of NFTs that sell best include: Digital Art: High-quality digital artworks, including illustrations, animations, and digital paintings, created by renowned or emerging artists.

OpenSea. OpenSea is the leader in NFT sales. OpenSea has all sorts of digital assets available on its platform, and it's free to sign up and browse the extensive offerings. It also supports artists and creators and has an easy-to-use process if you want to create your own NFT (known as "minting").

NFT Market Overview (June 2024)

According to CryptoSlam data, the global NFT market size is $61.44 Billion. In June 2024, the NFT market saw a significant decline in activity. Sales volume dropped sharply by 42.04% in the last 30 days, totaling $466,832,260.

Based on the APENFT price forecast, NFT Coin is projected to reach a maximum price of $0.00000227, and an average trading price of approximately $0.00000218 by the end of 2026. In the bearish rally, the minimum price value of NFT Coin is estimated to be around $0.00000205 in 2026.

The top NFT trends to watch out for are the rise of utility NFTs, the tokenization of real-world assets, NFTs in the music industry, hybrid NFTs, Bitcoin NFTs, and the gaming expansion of digital collectibles.