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In October 2024, the non-fungible token (NFT) market experienced a significant resurgence, with sales increasing by 18% to reach $356 million. The number of transactions also saw a notable rise, climbing 42% to a total of 7.2 million. This uptick in activity comes amid ongoing discussions about the future of NFTs, as creators and investors alike speculate on their viability in the current market landscape. Additionally, a notable incident involving the creator of Mutant Ape Planet, who narrowly avoided prison time, has drawn attention to the challenges faced within the NFT space.
