NFT trading volume on key markets rebounded in December, breaking a 4-month downtrend.
According to statistics from TheBlock, December NFT transaction volume on the Ethereum platform enhanced by sixteen.six% in contrast to November, reaching $ two.26 billion.
As a consequence, NFT trading volume also broke a downward trend that has lasted due to the fact August 2021, when the platforms set a trading record of additional than $ three billion in NFT worth.
The purpose for this return can be attributed to the sharp correction and lateral motion of the cryptocurrency industry for a lot of December, which led investment capital to flip its consideration to the NFT sector.
The finest possibility to get benefit of this possibility is the NFT Bored Ape Yacht Club (BAYC) task. In December, this task explained it would quickly launch the game in 2022, mixed with issuing its personal token. In addition, a quantity of celebrities in the United States have joined the BAYC local community, with the most recent identify of rapper Eminem, generating the status of the Bored Ape Yacht Club incredibly well known in the United States. BAYC also not long ago teamed up with adidas to release an NFT series with this well known sportswear brand.
In addition, gaming-linked NFT tasks also skilled substantial development. In December, Twitch livestream platform founder Justin Kan explained that he has launched an NFT industry platform on Solana especially for NFTs in video games, for the reason that he thinks this is the potential of the gaming marketplace.
Many huge gamers in the standard gaming marketplace are also steadily wanting into the blockchain discipline. Last month Ubisoft integrated NFT into its most recent game, whilst the president of Square Enix announced that it will concentrate on investing in blockchain video games in 2022.
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