NFT Market Cap Surges to Over $9.3 Billion Amid Ethereum Price Rise

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According to Cointelegraph, the non-fungible token (NFT) market has experienced a significant surge, reaching a market capitalization of more than $9.3 billion. This marks a 40% increase from its valuation in July, as reported by NFT data tracker NFT Price Floor. The rise in NFT market value coincides with the recent increase in the price of Ether (ETH), which has surpassed the $4,000 mark and is currently trading above $4,600. Ether's market capitalization now exceeds $557 billion, according to CoinGecko.@Binance News