NFT sales are surging! Are NFTs making a comeback? Despite once being declared “worthless,” the market for non-fungible tokens (NFTs) is showing early signs of recovery. Last week saw the highest weekly sales for digital assets in months, leading many to ask, "Why?". According to Analysis firm Dune, NFT non-fungible token sales and volumes witnessed a surge. Both the volume per user and sales per user reached a 90-day high yesterday.
But why the sudden NFT sales surge? Although NFT sales have declined in the last two years, there is a high possibility that they will grow again. But why? To ease your confusion about the NFT market, we\'re diving into the reasons behind this resurgence.
One key indicator is the significant jump in sales volume. According to data from CryptoSlam, total sales volumes reached $107,965,224. This indicates that interest in NFTs is increasing, as seen by the 7.05% increase in volume. The NFT market secured a very defined comeback in November with a 22% trading volume surge.
What\'s fueling this growth? High-value trading dominated, with blue-chip NFTs leading the outlook. This suggests a renewed confidence in established projects and a willingness to invest in high-quality digital assets.
Stay tuned for further updates as we continue to track the NFT market and analyze the factors driving this exciting 90-day high in NFT sales.