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In November, the Total Sales of NFT Exceeded 500 Million Us Dollars, the First Increase in 7 Months

By Simon LawsonDecember 3, 20221 Min Read
In November, the Total Sales of NFT Exceeded 500 Million Us Dollars, the First Increase in 7 Months
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NFT sales rose for the first time in seven months in November, reaching $530 million, a 13.2% increase from October. Freed the market from the FTX bankruptcy.

Giulio Xiloyannis, co-founder of Web3 venture capital studio LiquidX, said that whale investors who hold a large number of NFTs and cryptocurrencies are better able to withstand shocks such as FTX and look for opportunities in market downturns.

Yehudah Petscher, NFT relationship strategist at CryptoSlam, said that while there is growing confusion in the crypto market in the short term, there is enthusiasm for the future of NFTs in the Web3 decentralized internet built around blockchain.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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