Non-Fungible Tokens Market size worth $ 231.98 Billion, Globally, by 2030 at 33.7% CAGR: Verified Market Research®

Consumer preferences and growing adoption of diverse applications such as video gaming, music, art, and digital collections will boost the growth of Non-Fungible Tokens Market during the forecast period.

JERSEY CITY, N.J., July 13, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Non-Fungible Tokens Market" By Product Type (Personal, Commercial), By End User (Media And Entertainment, Gaming), and By Geography. According to Verified Market Research, the Non-Fungible Tokens Market size was valued at USD 11.32 Billion in 2021 and is projected to reach USD 231.98 Billion by 2030, growing at a CAGR of 33.7% from 2022 to 2030.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=248868

Browse in-depth TOC on "Non-Fungible Tokens Market"

202 - Pages

126 – Tables

37 – Figures

Global Non-Fungible Tokens Market Overview

One of the main reasons for the exponential rise in NFT demand is that NFTs have expanded their horizons beyond music, films, and sports to include other streams such as Metaverse and, in particular, gaming. Enjin, for example, was one of the first big gaming firms to combine blockchain technology with its infrastructure and issue ENJ, a gaming cryptocurrency that is officially whitelisted for use in Japan, in 2017. By transforming in-game assets into NFTs, gamers can generate cash from them in-game assets.

According to Forbes, Axie Infinity saw a surge in user growth in the Philippines after providing gamers with an alternative source of money during the pandemic. As a result, the gaming industry has established itself as a huge growth prospect for NFT, particularly the play-to-earn blockchain gaming model. However, there is a threat of duplication of genuine works, such as images, photographs, music pieces, etc. Without the consent of the creator, such duplicated assets can be personalized and spread online very easily. This is restraining the baseline of the Non-Fungible Tokens Market.

Key Developments

• In March 2022, The Sandbox partnered with the first of its kind NFT community, World of Women, to provide them with grand funding of USD 25 million to amplify the representation of women in the digital spaces.
• In January 2022, Dapper Labs, in collaboration with UFC, the world's premier mixed martial arts organization, officially launched their highly anticipated NFT collectible product, UFC Strike. UFC Strike Moment NFT is designed to capture, memorialize, and celebrate a specific instance of UFC history.
• In November 2021, with the integration with Adobe, OpenSea had added new features such as a new collection review pop-up, updates on the activity page, creator address on collection pages, and homepage top collection, among others.
• In May 2020, Torus did its latest DApp integration with OpenSea. With this integration, Torus' customers can buy, sell, make bids, and auction over ten million unique digital collectibles on OpenSea.

Key Players

The major players in the market are Cloudflare, Gemini Trust, OpenSea, Semidot Infotech, Dapper Labs, The Sandbox (China), Axie Infinity (Vietnam), Rarible, Art Blocks, Foundation, Superrare, Mintbase, Larva Labs (US), Appdupe (India), CryptoKitties (Canada), Sorare (France), Yellow Heart, Onchain Labs, Solanart (France), Gala Games (US), and others.

Verified Market Research has segmented the Global Non-Fungible Tokens Market On the basis of Product Type, End Users, and Geography.

• Non-Fungible Tokens Market, By Product Type
• Personal
• Commercial
• Non-Fungible Tokens Market, By End Users
• Media and Entertainment
• Gaming
• Others (Finance, Healthcare, Retail, Research, and Academia)
• Non-Fungible Tokens Market, by Geography
• North America
• U.S
• Canada
• Mexico
• Europe
• Germany
• France
• U.K
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
• ROW
• Middle East & Africa
• Latin America

Browse Related Reports:

Customer Engagement Solutions Market By Components (Solutions, Services), By Vertical (Automotive And Transportation, Consumer Goods And Retail), By Geography, Forecast, 2021-2028

Enterprise AI Market By Component (Solution, Services), By Deployment Type (Cloud, On-Premises), By Application (Security And Risk Management, Marketing Management), By Geography, Forecast, 2021-2028

Natural Language Generation (NLG) Market By Application (Customer Experience Management (CEM), Fraud Detection and Anti-money Laundering), By Vertical (Retail and eCommerce, Government and Defense), By Geography, Forecast, 2021-2028

Virtual Cards Market By Product (B2B Virtual Cards, B2C Remote Payment Virtual Cards), By Application (Consumer Use, Business Use, Other), By Geography, Forecast, 2021-2028

7 Leading B2B Exhibitions helping businesses to shine out more

Visualize Non-Fungible Tokens Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us :
Mr. Edwyne Fernandes 
Verified Market Research® 
US: +1 (650)-781-4080 
UK: +44 (753)-715-0008 
APAC: +61 (488)-85-9400 
US Toll Free: +1 (800)-782-1768 
Email: [email protected] 
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/1315349/Verified_Market_Research_Logo.jpg

SOURCE Verified Market Research