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NFTs Sales Rise By 13.2% In Last 30 Days

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TRENDING GLOBALLY

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The market has been strong for Non-fungible tokens (NFT), which saw their sales rise to 13% in November.

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Despite sharp falls in crypto prices after the FTX crash earlier in the month, it was the first NFT spike in seven months.

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According to CryptoSlam, November sales increased by 13.2% over October despite an 18.75% drop in individual transactions.

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Yehudah PETSCH, the NFT relations strategist, stated that the FTX collapse had created uncertainty in NFT markets.

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NFT strategist is also excited about the NFT's future in a Web3-decentralized internet built around Blockchains.

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The FTX collapse left Solana blockchain among the most severely affected.

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At the beginning of the month, it had a market capitalization of US$ 11 billion. 

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However, that had fallen to US 4.9 Billion as of Friday afternoon in Asia.

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