NFT market surpasses $28.4 billion

According to data from CoinMarketCap, the #NFT market capitalization has now exceeded $28.4 billion, representing a 40% increase compared to July.

This increase is mainly due to the surge in $Ethereum price, which recently surpassed $4,700. In its wake, many #Ethereum-based collections have seen their value rise. Indeed, as their price is expressed in $ETH, when its value mathematically increases, it raises the value of $NFT collections too.