Weekly NFT Sales Soar by 94% to Reach $181 Million
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Nov 18 2024Surge in NFT Sales: Non-fungible token (NFT) sales have surged to $181 million in a week, marking a 94% increase from the previous week, driven by strong performances in digital asset markets like Bitcoin and Ethereum.
Market Recovery Indicators: The rise in NFT sales coincides with a broader market recovery, as October saw an 18% increase in monthly sales compared to September, alongside a 42% rise in the number of transactions, indicating renewed interest in NFTs.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
