In October, NFT sales volumes surged by 18%, climbing to $356 million, marking a significant recovery from a seven-month slump. Total transactions for NFTs also increased, reaching 7.2 million, a 42% rise from the previous month. This positive momentum comes amidst the unraveling of the Mutant Ape Planet controversy, where creator Aurelien Michel pleaded guilty to defrauding investors and faced a one-month sentence, already served. He was ordered to forfeit $1.4 million from profits acquired through selling counterfeit NFTs. In related news, OpenSea, the NFT marketplace, announced plans for a new platform launch in December, aiming to reconnect with its user base following recent challenges. The CEO emphasized a complete overhaul in development, but speculations about potential airdrops were tempered by practical considerations given the company's US base.

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