NFT hype isn’t cooling down as Coinbase and FTX only dive deeper By Cointelegraph

Nonfungible tokens (NFTs) and the marketplaces they commerce on have been the speak of the cryptoverse for some time now. Even amid the height of the bull run, the hype for NFTs will not be reducing. It’s controversial to say that the traction they’re gaining is at an all-time excessive proper now and continues to climb larger.

The NFT business generated $10.67 billion in buying and selling volumes throughout Q3 of this yr, marking a 704% improve from Q2, in accordance to a report by DappRadar. Out of this, blockchain networks and Ronin accounted for 77.73% and 19.53% of the numbers, respectively.