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NFTs hit $158M weekly sales, Sky Mavis lays off 21% of workforce: Nifty Newsletter
This week’s NFT highlights include a strong sales momentum with $158 million recorded from Nov. 18–24, despite a slight dip from the previous week. Sky Mavis, Axie Infinity's creator, laid off 21% of its workforce to focus on new projects, amid declining NFT valuations. Kraken is shutting down its NFT marketplace, initiating a withdrawal-only phase starting Nov. 27. Meanwhile, FIFA and Mythical Games announced a blockchain-based soccer game, *FIFA Rivals*, featuring an NFT economy. November NFT sales exceeded $400 million, showcasing steady growth. Stay tuned for more updates in this evolving space next week! 0 reply
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