NFT whales on the BNB Chain ecosystem have significantly boosted trading volume in Q3 2024, despite a decline in average daily buyers. According to blockchain analytics firm Messari, the average daily NFT trading volume rose to $600,400, with daily sales increasing by 47% to 8,900 in the quarter. In contrast, the number of average daily buyers dropped by 53%, indicating that larger investors primarily drove this volume increase. Additionally, Lamborghini launched its Revuelto NFTs on November 7, partnering with Animoca Brands to integrate these NFTs into their games, with transaction support from Transact. Finally, two OpenSea users have decided to drop their class-action lawsuit against the NFT marketplace, which had claimed the sale of unregistered securities. A federal judge allowed OpenSea to enforce arbitration, leading the users to dismiss their case. This week's newsletter provides insight into these critical developments as the NFT market evolves.

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