Despite once being declared “worthless,” the market for non-fungible tokens (NFTs) is showing early signs of recovery. Last week saw the highest weekly sales for digital collectibles since August, according to new data from NFT market tracker CryptoSlam.

The organization said that weekly sales rose to $82.6 million in the past seven days, a major jump for NFT sales volumes.

However, the data has limitations. Weekly reports on NFTs offer only a short timeframe of information and do not take into account seasonal factors that may influence sales. Given the high volatility in NFT markets, these reports are unlikely to reflect the long-term health of the market as a whole.

Despite this, however, NFTs continue to draw eye-watering sums. Earlier this month, a user sold a CryptoPunk NFT for $56.3 million.

Earlier this year, CryptoSlam reported a major plunge in NFT sales volumes, reporting a 45% decrease in NFT sales during the second quarter of the year.

More recent data shows that August recorded the year's lowest NFT sales volumes, coming in at just $376.3 million, making the summer month the worst month of the year for sales.

While the current upsurge in NFT sales pales in comparison to the volume recorded during the crypto market’s 2021-2022 bull run, some are speculating that NFTs are due for a resurgence. More than $26.5 million in NFT sales were recorded on the Ethereum blockchain network recently, and this week alone has seen over $5.5 million in sales, a figure that might only grow.