Global Non-Fungible Tokens (NFT) Market Growth Forecast: A

Dublin, May 27, 2022 (GLOBE NEWSWIRE) — The “Non-fungible Token Market Size, Share & Trend Analysis Report by Type (Physical Asset, Digital Asset), By Application (Collectibles, art, games), by end use, by region and segment forecast, 2022-2030” has been added to from ResearchAndMarkets.com offer.

The global non-fungible token market size is expected to reach USD 211.72 billion by 2030, growing at a CAGR of 33.9% from 2022 to 2030.

One of the major drivers for the growth of the NFT (non-fungible token) market is the growing demand for digital art across the world. The growing use of cryptocurrency around the world is also expected to drive the market growth. This is because cryptocurrency is used by people to buy digital assets.

Funding raised by NFT companies is also one of the major factors promoting the growth of the market. For example, in March 2022, Magic Eden, an NFT marketplace, raised $27 million in a Series A round. The round was led by Paradigm, including grants from Solana Ventures and Sequoia. The company will use the funding to expand its services and products.

The COVID-19 pandemic is expected to have a positive impact on the market during the forecast period. Restrictions imposed during the pandemic have confined people to homes and limited their sources of income. As a result, NFT-based gaming platforms such as Axie Game have gained popularity as they help people earn income amid the COVID-19 pandemic.

Highlights of the Non-Fungible Tokens Market Report

  • In terms of type, the digital asset segment dominated the market in 2021. The demand for artistic NFTs is increasing as they allow artists to track all work transactions. This transaction tracking helps artists reap the benefits of perpetual royalty reimbursement on every transaction of their digital art.
  • In terms of application, the collectibles segment dominated the market in 2021. The growth of the segment can be attributed to the growing demand for collectibles in arts, sports, and games.
  • In terms of end use, the commercial segment is expected to witness the fastest growth over the forecast period. The demand for NFT is growing among enterprises to enable enhanced transactions across a range of application domains.
  • The growing use of cryptocurrency in North American countries such as the United States and Canada is expected to create new opportunities for market growth in the region.

Main topics covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary
2.1 Non-Fungible Tokens (NFT) Market Industry Overview and Key Buying Criteria, 2018-2030
2.2 Global Non-Fungible Tokens (NFT) Market, 2018-2030
2.2.3 Global Non-Fungible Tokens (NFT) Market, by Application, 2018 – 2030
2.2.4 Global Non-Fungible Tokens (NFT) Market, by End Use, 2018 – 2030

Chapter 3 Non-Fungible Tokens (NFT) Industry Outlook
3.1 Market Segmentation and Scope
3.2 Market Size and Growth Prospects
3.3 Value Chain Analysis of Non-Fungible Tokens (NFT) Market
3.4 Market-to-Market Dynamics of Non-Fungible Tokens (NFTs)
3.4.1 Market Driver Analysis
3.4.1.1 Increase in demand for digital artwork
3.4.1.2 Increase in demand for a decentralized marketplace
3.4.2 Market Challenges Analysis
3.4.2.1 Concerns about fraud and scams
3.5 Mapping Penetration and Growth Prospects
3.6 Non-Fungible Tokens (NFT) Market – Porter’s Five Forces Analysis
3.7 Non-Fungible Tokens (NFT) Market Analysis – PESTEL

Chapter 4 Investment Landscape Analysis
4.1 Key Investor Dashboard
4.2 Investments raised by NFT companies
4.3 Business investment strategies
4.4 Analysis of investors’ vision and objectives

Chapter 5 FinTech Industry Highlights
5.1 Overview of the FinTech ecosystem
5.2 FinTech Services Overview
5.3 Total Fintech Investment, 2018-2021 (USD Billion)
5.4 FinTech Regulatory Outlook
5.5 FinTech Company Analysis – GVR Dashboard (Top 50 Companies)

Chapter 6 Outlook of Non-Fungible Token (NFT) Type
6.1 Non-Fungible Tokens (NFT) Market Share by Type, 2021
6.2 Physical Asset
6.3 Digital Asset

Chapter 7 Outlook of Non-Fungible Token (NFT) Application
7.1 Non-Fungible Tokens (NFT) Market Share by Application, 2021
7.2 Collectibles
7.3. Art
7.4 Games
7.5 Utilities
7.6 Metavers
7.7 Sports
7.8 Others

Chapter 8 End-Use Prospects of Non-Fungible Tokens (NFTs)
8.1 Non-Fungible Tokens (NFT) Market Share by End Use, 2021
8.2 Staff
8.3 Commercial

Chapter 9 Non-Fungible Tokens (NFT) Regional Outlook
9.1 Non-Fungible Tokens (NFT) Market Share by Region, 2021

Chapter 10 Competitive Analysis
10.1 Recent Developments and Impact Analysis, by Major Market Players
10.2 Business Categorization
10.3 Vendor Landscape
10.4 Business Analytics Tools

Chapter 11 Competitive Landscape

  • yellow heart
  • Cloud Flare, Inc.
  • Plby Group, Inc.
  • Dolphin Entertainment, Inc.
  • funko inc.
  • Opensea (Ozone Networks, Inc.)
  • Takung Art Co.Ltd.
  • Dapper Labs, Inc.
  • Clever Gateway (Gemini Trust Company, LLC)
  • Makersplace (Onchain Labs, Inc.)

For more information about this report visit https://www.researchandmarkets.com/r/5ddugj

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