It occurs when assets on the Internet are processed into the blockchain. NFTshas taken the years 2021 and 2022 by storm. We have seen many NFTs sell for millions of dollars and these assets are described as the “future”. However, this situation changed in the following years and NFT sales reached an all-time low. In fact, some studies found that virtually all NFTs had their values ​​reset.

However, there has been a recent development in this regard that could raise the hopes of NFT enthusiasts. So much so that NFT sales Incredible 94% in the past week experience an increase.

In the last 7 days, a sales volume of $181 million was reached

CryptoSlam, a digital collectibles data tracker, uncovered this increase in NFTs. So much so that as of November 17, i.e. yesterday, NFTs Sales volume of $181 million It was seen recorded. This is compared to the previous week, which had a volume of $93 million. 94% of the time means increase.

Ethereum with $67 million in NFT sales during the week 111% There was an increase and it was at the top of all blockchains. Bitcoin comes in second with NFT sales of $60 million. 115% experience an increase.

There is an improvement in NFTs, not just in sales volume

In addition to the sales volume, there has also been an improvement in other areas. For example, the value of an NFT transaction the week before was $71.11. But last week Up 87% to $133.08 saw. There is also significant monthly growth. In October $356 million Sales were up and up 18% from September, when sales were about $300 million. The total number of transactions for NFTs was in October Increase of 42% to 7.2 million reaches.

Of course, you might be wondering why NFTs are suddenly doing well. The main reason for this increase is The recent rise of crypto markets. As is known, after the US elections, the market turned green and Bitcoin reached the highest level in history, around 93 thousand dollars. This caused NFTs to become active again.