The global non-fungible token market size accounted for USD 16 Bn in 2021 and is estimated to reach USD 212 Bn by 2030, with a significant CAGR of 33.7% from 2022 to 2030.
NFTs are a relatively new and intriguing phenomenon. They’re unique digital goods that can be bought and traded online using cryptocurrency, and they’ve been around since 2014. NFTs are intended to identify ownership of a certain digital item (typically a digital artwork). They are disrupting businesses all over the world, from art to gaming to events and insurance.
Non-fungible Token market research report has been produced by including highly developed insight and analysis which furnishes maximum benefits to the industry. The report makes available an attentive overview of product specification, technology, product type and production analysis taking into account major factors such as revenue, cost, and gross margin. The data in this business report have been represented in the graphical format for an explicit understanding of facts and figures. A wide ranging Non-fungible Token market report also explains the key developments in the industry with respect to current scenario and the future advancements.
Get Full PDF Sample Copy of Report:https://www.acumenresearchandconsulting.com/request-sample/2942
The increasing trend of digital artworks is one of the leading factors that are driving the demand for the global non-fungible token market. NFTs are most usually connected with purchasing/owning digital artwork, as they allow an investor or collector to possess the original digital piece while retaining copyright and reproduction rights. NFTs can be anything digital (drawings, music, videos, etc.), but the current buzz is focused on exploiting the technology to sell digital art. Another significant factor driving market expansion is the increased implementation of NFT in different industries, namely gaming, ticketing, real estate, and others. For example, one of the industries that will profit the most from NFTs is gaming.
An international Non-fungible Token market report comprises of an all-inclusive market data that makes it easy for the industry to take strategic decisions and attain growth objectives. The report is very valuable for industry to reveal the best market opportunities and look after important information to reach towards the success. The report also deals with the factors like growth opportunity assessment (GOA), customer insights (CI), competitive business intelligence (CBI), and distribution channel assessment (DCA). Non-fungible Token report endows with intelligent solutions to the versatile business challenges and instigates an unproblematic decision-making process.
Non-Fungible Token Market Segmentation
The global non-fungible token market is segmented based ontype, application, end-use, and region.
Market by Type
- Digital Asset
- Physical Asset
Market by Application
Collectibles
- Audio Clips
- Video Clips
- Gamification
- Others
Gaming
- Video Game
- Trading Card Game (TCG)
- Strategy Role Playing Game (RPG)
- Others
Art
- Pixel Art
- GIFs
- 2D/3D Painting
- 2D/3D Computer Graphics
- Fractal/Algorithmic Art
- Computer Generated Painting
- Others
Utilities
- Tickets
- Domain Names
- Assets Ownership
Sport
Metaverse
Others
Market by End-Use
- Commercial
- Personal
View the Full Report Here With TOC and Charts:https://www.acumenresearchandconsulting.com/non-fungible-token-market
Key Players
Some of the top non-fungible token market companies offered in the professional report include Cloudflare, Inc., Dapper Labs, Inc., Dolphin Entertainment, Inc., Funko, Gemini Trust Company, LLC., Onchain Labs, Inc., Ozone Networks, Inc., PLBY Group, Inc., Takung Art Co., Ltd., and YellowHeart, LLC.
Non-fungible Token Market Regional Overview
North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Latin America
- Mexico
- Brazil
- Rest of Latin America
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
The Middle East & Africa (MEA)
- Gulf Cooperation Council (GCC)
- South Africa
- Rest of the Middle East & Africa
Inquiry before Buying: https://www.acumenresearchandconsulting.com/inquiry-before-buying/2942
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
– Political (Political policy and stability as well as trade, fiscal, and taxation policies)
– Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
– Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
– Technological (Changes in digital or mobile technology, automation, research, and development)
– Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
– Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
Browse More Reports:
About Us:
Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.
Contact Us:
Acumen Research and Consulting
India: +918983225533
E-mail: sales@acumenresearchandconsulting.com