How is NFT development in this round of the bull market?

【Plain Language Overview】In November, the recovery of the cryptocurrency market has driven the #NFT market to rebound, with a market capitalization exceeding $8.80 billion and trading volume surging nearly 48%. Blue-chip NFTs such as CryptoPunks, BAYC, and Pudgy Penguins are leading the charge, accounting for 73% of the market share, while Ethereum continues to dominate the NFT ecosystem.

Despite this, the CryptoSlam 500 index has dropped 53.77% from its peak, indicating that the market is still far from recovering to its peak period. Platform innovations and institutional interest bring hope for the future, but comprehensive growth will take time.