In November, the trading volume of nonfungible tokens (NFTs) reached nearly $1 billion, indicating a resurgence in their popularity. Data from DappRadar shows a significant increase of 125% in NFT trading volume, suggesting a shift in user behavior towards NFTs. Additionally, the average value of NFT transactions rose by 114%, going from $126 to $270.

Former United States President Donald Trump has launched a new NFT drop called MugShot, which focuses on his ongoing criminal indictments. Collectors can purchase these NFTs using credit cards or Wrapped Ether (wETH), but they are required to provide their Know Your Customer information.

American thrash-metal band Megadeth has announced the release of an NFT collection that offers fans exclusive access to various experiences with the band, both physical and in the metaverse. The collection, featuring the band’s digital mascot Vic Rattlehead, will consist of 5,000 pieces.

The Fédération Internationale de Football Association (FIFA) plans to launch an NFT collection ahead of the 2023 Club World Cup in Saudi Arabia. This collection will include 100 NFTs, allowing holders to secure their FIFA World Cup 2026 final tickets. Additionally, 900 digital collectibles will be issued on the Polygon blockchain and OpenSea in December.

Enjin, an NFT platform, has migrated over 200 million NFTs from Ethereum to its own blockchain, the Enjin Blockchain. By avoiding high gas fees on Ethereum, Enjin allowed users to claim their NFTs within their wallets instead of burning the ETH-based NFTs.

In other news, toy manufacturer Funko has collaborated with Disney to release NFTs that transform their popular Funko Pop! figurines into digital tokens on the WAX blockchain. Furthermore, Solana and Bitcoin have been gaining traction in terms of sales volume, challenging Ethereum’s dominance in the industry.

For more updates and insights into the evolving NFT space, check out Cointelegraph’s NFT Steez podcast.