NFTs Live Again, November Sales Jump 13%!


 The crypto market that suffered a drastic fall following the FTX crisis was not a hindrance to the sale of non-fungible tokens (NFT) which managed to climb 13.2% in November after a long hiatus.

Although sales in November exceeded $532 million compared to October at $460 million, individual transactions still shrank by 18.75% last month.

Meanwhile, average sales in November saw a jump of around $95.20 and overall at the beginning of December was seen at $173.90.

It is also worth noting that sales of $443.55 million were through ETH-based NFTs while the remaining amount was on Solana (SOL) with a value of $68 million and Immutable around $20 million.

While NFT Mutant Ape Yacht Club (MAYC) earned $29.14 million with a jump of 83.22% while Otherdeed climbed 60% at $24 million.

Among the highest selling ETH-based NFT collections over the past month was Bored Ape Yacht Club (BAYC) with 800 ETH ($950,000).

Deepak Thapliyal, the Chief Executive Officer (CEO) of Chain, has reportedly sold the BAYC #232 collection to an individual named Keungz for 780 Eth ($940,000).

It was also clarified that most of the selling of NFTs took place when the floor price declined over the past few months with the highest selling confirmed once again being in November.