NFT Market Booms: Trading Volume Surges by 20% to $165 Million

The non-fungible token (NFT) market is experiencing a surge in trading sales volume in August, after positive gains were observed in July. This upward trend is driven by several factors including increased interest in digital art and gaming, a strong cryptocurrency market rally, and the expanding adoption of NFTs by major brands and platforms. The increasing familiarity and trust in digital assets, particularly in countries where the NFT market is thriving, are further fueling this growth.