Since May 2022, the NFT trading industry didn’t experience much of an upsurge, but lately, in February month, it has experienced a great hike. The overall NFT trading volume reached $2 billion which is a notable increase and is great news for NFT enthusiasts and market players dealing in the NFT space. This will open doors to innovative NFT development services and bring in new traders, customers, and stakeholders. Blur played a key role in this trading volume hike besides Yuga Labs’ NFT collections that held a share of 30% of Ethereum-based NFT trading volume. New projects in Web 3 gaming and other verticals can expect great success while investing in NFT development services.