Non-fungible tokens (NFTs) made a comeback in November after dipping for seven consecutive months, hitting $563 million in monthly volume as the positive momentum from the United States elections spread to the NFT market.
Since their emergence in 2021, NFTs have mirrored the overall digital asset market sentiment, with trading volume and overall activity surging during bull cycles. It was no different in November, where 427,000 unique sellers transacted $562.92 million worth of NFTs, data from CryptoSlam shows. This represented a 58% increase from October’s $356 million.
This was a reversal of a downward trend that had been ongoing since March when the sector hit a yearly high of $1.614 billion. Over the next seven months, the volume…
