Data shared by analytics platform, IntoTheBlock, on November 12 revealed a significant increase in activity within the non-fungible tokens (NFTs). According to the survey, the current increase is so impressive that it has been seen for the first time in a long time.
The platform noted that the daily volume of NFTs that were traded surpassed $30 million on November 9 for the first time since early July.
“We are seeing an increase in activity in the NFT market for the first time in a long time. Daily volume of NFTs traded surpassed $30 million on Thursday for the first time since July 2, and prices for many bluechip collections are recovering quickly,” he wrote.
We're seeing increased activity in the NFT market for the first time in a long time. The daily volume of NFTs traded surpassed $30M on Thursday for the first time since the 2nd of July, and prices of many bluechip collections are recovering quickly
🔗https://t.co/cPTCcGzlFX pic.twitter.com/YOg1lpLt2B— IntoTheBlock (@intotheblock) November 12, 2023
IntoTheBlock too highlighted the growth in trading of the Cryptopunks NFT collection, which saw an impressive increase in the last week.
“The trading volume of the Cryptopunks NFT collection increased significantly last week, from $200 to over $3 million!” he noted.
It is worth remembering that, recently, the news came out that the Amazon is embarking on a new adventure in the world of NFTs, which shook the crypto community. The e-commerce giant, renowned for its ability to reinvent the retail wheel, is now gifting its Prime subscribers with a selection of NFTs, diving head first into gaming culture blockchain.
