NFT sales continue to grow strongly
In the week from November 18th to 24th, NFT sales reached US$158 million, becoming a bright spot in the digital economy. Although it was down 12.7% from the previous week, it shows that NFTs are still receiving a lot of attention. To put things into perspective, weekly sales in early November were only $93 million, suggesting the market has expanded.
Source: CryptoSlam
November’s performance builds on October’s momentum. In October, NFT sales reached $356 million. By the third week of November, the total had exceeded $400 million. This growth demonstrates steady demand for NFTs as projects leverage innovative and unique products. NFTs are becoming a pervasive part of the digital economy, and while week-to-week changes are normal, the overall trend remains encouraging.
Kraken closes NFT market
KrakenA well-known cryptocurrency exchange has decided to shut down its NFT market. The platform will enter a withdrawal-only phase on November 27, giving users three months to transfer funds. The market will be completely closed thereafter.
Source: Bryptos
Kraken representatives said the choice represents a change in priorities. To stay competitive in the rapidly changing cryptocurrency market, the company is reallocating resources to focus on other commodities. Kraken has informed users of the upgrade, and they are receiving instructions on how to transfer NFTs to external wallets. The shutdown highlights the difficulties in the NFT space, where companies must strike a balance between innovation and operational efficiency.
FIFA partners with Mythal Games to develop blockchain football game
With “FIFA Rivals,” FIFA and Myth game Blockchain gaming is being introduced to football lovers. iOS and Android users will be able to play the mobile game for free. In addition to managing a football team and competing with other players, players can also use a combination of blockchain technology and gameplay.
Source: Myth Games
The Mythos Foundation is an organization dedicated to developing cross-chain solutions, promoting an NFT-based economy, and helping gaming guilds, which will build the infrastructure of the game. Mythical Games developed Blankos Block Party, a game that allows users to create and modify characters, and has extensive experience in the NFT gaming industry. Through FIFA Rivals, the company hopes to merge the cutting-edge qualities of blockchain technology with the universal appeal of football.
The impact of NFTs across industries continues to grow. The adaptability of NFTs appeals to a wide range of users, from gamers to artists. Projects such as FIFA Rivals demonstrate how blockchain and NFTs can transform traditional gaming experiences into new ones. These developments show that the NFT market is far from stagnant, providing opportunities for creators and players.
Despite the exit of some platforms such as Kraken, the broader NFT ecosystem remains vibrant. As sales data shows, interest in NFTs continues unabated. Instead, the market is evolving and companies are exploring different ways to provide value to users. Partnerships such as FIFA and Mythical Games highlight the potential of combining entertainment and blockchain technology.
Even with occasional dips in sales, the NFT market has shown resilience. The strong performance in November shows that NFTs are becoming a major part of the digital space. Platforms and projects continue to innovate, drive adoption and explore new possibilities.
While challenges such as resource allocation and shifting platform priorities remain, the overall outlook for NFTs remains positive. As the market matures, companies that can adapt and find ways to effectively engage users will continue to thrive. Whether through games like FIFA Rivals or creative NFT projects, the potential for growth is undeniable.
