The market for Ethereum’s non-fungible tokens (NFTs) is currently in an unwaveringly bullish trend. There seems to be a lot more activity going on lately, and it turns out to be much better than previously thought. With a closing price of over $231 million, weekly trading volume increased dramatically. This was made possible by the fact that he had 154,000 traders responsible for 474,000 trades. One trader executed an average of 3.1 trades with an average trade volume of $487.
These very promising numbers are the biggest evidence that digital assets, NFTs, are indeed on a huge upward trend and nothing else.When it comes to art, collectibles and virtual real estate, They often stand out. The current scenario happens to be witnessing the immense popularity that NFTs are generating, which is driving a boom across the market. Investors, too, do not appear to be lagging behind in reaping attendant benefits in the form of improved returns on investment.
In addition to the very encouraging situation in the NFT market, Doodles, a Web3 entertainment-based company that happens to be in the spotlight. Announced that preparations for acquiring the management rights of animation production company Golden Wolf have been completed. This is very important as they are involved in the acclaimed animated series Rick and Morty. However, no financial information has been disclosed so far.