NFTs hit $158M weekly sales, Sky Mavis lays off 21% of workforce: Nifty Newsletter

In this week’s newsletter, read about how non-fungible token (NFT) sales have continued their upward momentum, and find out why Sky Mavis, the company behind Axie Infinity, laid off 21% of its workforce. In other news, crypto exchange Kraken is winding down its NFT marketplace and FIFA and Mythical Games will collaborate on a blockchain game. 

NFTs record $158 million weekly sales volume, led by Ethereum, Bitcoin
NFTs continued to show strong weekly sales, recording $158 million in Nov. 18–24. While the data shows a 12.7% decrease compared to the previous week, the volume remained above its levels at the beginning of November. From Nov. 4–10, the weekly sales volume was only $93 million.

NFTs are also on track to end November on a strong note. In October, NFTs recorded $356 million in sales. Meanwhile, November had already recorded a volume of more than $400 million. 

Kraken winds down NFT marketplace
Crypto excha…