NFTs Are Back ? Sales Jump 32% in last Month Oct

NFTs, which are like special digital certificates for owning digital stuff, had a big comeback in October. Even though sales were dropping before, data from DappRadar shows a significant increase, though it's not as high as before.

In simple terms, the market for digital art certificates (NFTs) started going down a year ago but went up by 32% in October, reaching $405 million in sales. DappRadar says it's the best since August.

NFTs are like special digital coins that say you own something online, like digital art. In 2021 and early 2022, people were really excited about them, but this year has been hard for some digital art projects.

Despite a big marketplace called OpenSea having layoffs, the overall NFT market got warmer. The increase in trading happened when the price of Bitcoin went up, reaching $35,000. This was because people expected the U.S. to approve a special kind of Bitcoin investment soon, according to experts.