NFTs are making a comeback with a bang! Over the past week, NFT sales hit $181 million, a whopping 94% jump from the previous week's $93 million. Leading the charge, Ethereum saw a 111% increase to $67 million, while Bitcoin's NFT sales soared by 115% to $60 million. Other blockchains like Solana and Polygon collectively added $45.5 million.
The average NFT sale value also rose to $133.08, marking an 87% increase. This resurgence follows a broader crypto market rally, with Bitcoin recently hitting a new high. October's NFT sales reached $356 million, breaking a seven-month slump.