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Investor confidence drives NFTs to soar at regulatory crossroads

Source: CoinWorld
Driven by increased investor confidence and the growing application scenarios in digital art, virtual real estate and collectibles, NFT's weekly sales soared 10% to $110 million. Beeple's $69.35 million art deal, along with major deals such as the brand collaboration between Adidas and Jay Chou, highlights the NFT's transition to mainstream assets. Despite regulatory scrutiny, the adoption of NFT by businesses such as Netflix highlights the importance of NFT in digital interaction and monetization strategies.
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