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</html><thumbnail_url>https://realacademy.io/wp-content/uploads/2023/06/non-fungible-token-hologram-on-virtual-digital-screen-nft-with-network-circuit-and-globe-dark-background-concept-of-cryptoart-and-technology-stockpack-adobe-stock-scaled-1.jpg</thumbnail_url><thumbnail_width>2560</thumbnail_width><thumbnail_height>1555</thumbnail_height><description>In October 2023, the NFT market surged positively, marked by a 23% increase in sales volume, reaching $453 million, and a 12% rise in market cap, hitting $2.52 billion. However, a slight 0.4% dip in total sales hinted at possible market saturation. Notably, the average NFT sale price significantly rose to $367 from September's $296. The top 10 NFT collections sustained their dominance, accounting for 43% of sales, while Ethereum maintained its grip, representing 54% of NFT transactions. Active NFT wallets increased by 10%, signaling growing interest. Key highlights included the sale of a Bored Ape Yacht Club NFT for $1.3 million and the popularity of collections like Bored Ape Yacht Club, CryptoPunks, and Mutant Ape Yacht Club. Furthermore, NFT games and marketplaces showed substantial growth, with a 25% and 10% increase in launches, respectively. The optimism surrounding NFTs currently sparks the question: is this the beginning of another NFT bull market? Only time will reveal the answer.</description></oembed>
