NFT Trading Volume Nears $1B in November Amid Bullish Crypto Markets

According to DappRadar, nonfungible token (NFT) trading has surged with a volume nearing $1 billion in November, indicating a shift in user behavior compared to earlier downturns in NFT trading. NFT sales volumes showed continued weekly increases in October, consistently going up from $56 million to $129 million. Executives in Web3 believe that this trend may continue further in the coming months. Despite a seemingly bearish mood all year, blockchain gaming projects managed to secure $2.3 billion in investments from the start of 2023 up to October.

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