After months of viral stories with giddy headlines about how “worthless” most NFTs have become, the diminishing NFT market is finally showing real signs of life.

Sales have steadily risen in recent weeks, with October’s trading volume tally up 32% over September and daily trading volumes ticking up each of the last few days. Prominent NFT prices are popping, as well, and not just because of rising crypto prices. And yes, people are spending six-figure sums on JPEG illustrations of rocks.

Are we back? Not so fast. While these hints of excitement are starting to whip traders into a frenzy again, sales tallies and prices are nowhere near the levels seen in 2021 and early 2022 when NFTs were generating billions of dollars’ worth of monthly sales.

But after a pretty rough year and a half for NFTs, the numbers and broader sentiment alike are finally turning around. And if you have NFTs sitting around i

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Author: Andrew Hayward

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