Market Decipher Research Update

PUNE, India, 1 August 2022 /PRNewswire/ — Revised data and insights have been published by Market Decipher in its latest version report, Collectibles Market and NFT Market Statistics report, 2022 – 2032. New report slightly adjusts the research scope by estimating the size of the collectibles market to 402 billion dollars in 2021 (actual value) and forecasts to reach 1 trillion dollars by 2032. Fastest growing sectors include Digital Art, Sports NFT, Trading Card. Collectibles are developing as a high-return sector for investors. Great time for companies to invest in the Indian NFT market.

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“Market Decipher has completely revised the huge database of collectibles covering more than 200 products. Latest insights and forecasting have revealed new areas of profitability. Market insights also shed light on some market sectors that are otherwise considered gray. NFT, which was recently affected , is expected to touch highs in 2022 and beyond. Due to the demand for non-fungible tokens generated by online investors and collectors, the prices of digital collectibles have risen. College Memorabilia is gaining ground in physical as well as NFT leagues demand. Collectibles are taking over home decor market”

Tezos India and BeFantastic welcomed visitors into the world of digital art through a Web3 experience

Tezos India, a large organization in India marketing the Tezos blockchain community, and BeFantastic, a TechArt platform founded in Bangalorehas just partnered to bring the world of pure NFTs and digital art to India Art Fair in 2022. Thousands of visitors were exposed to special digital art NFTs generated on Tezo’s blockchain, which is known for its energy efficiency, on an exclusive stand below India’s largest art exhibition.

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Sports NFT: A huge opportunity, predicted to cross 3 billion in revenue by 2022

Spots NFT is expected to be hugely circulated in 2022 through various online marketplaces as per ongoing trend. Limited edition video clips and player cards are two main items to be tokenized. A 60% of the growth in sports NFT is expected by the end of this year. Demand has led to the development of specialist sports NFT marketplaces. Demand is skyrocketing this year with companies emerging to reap the benefits. Sports leagues have played an important role by engaging in contracts to launch new trading cards and NFTs of historic game moments in terms of video clips. Almost every major sports league has an exclusive trading card contract with manufacturers.

The story continues

“NFT Trading Cards to Largely Overshadow Physical Card Business. NFTs to Reach Nearly Half of Collectibles Industry Revenue”.

The world is becoming increasingly receptive to collectable toys, the integration of physical and digital thrives in a technology-driven marketplace.

More and more collectible toys are being produced due to increasingly digitally connected markets. That’s largely due to the growth of streaming services and social media that allow toys to build hype with kids faster than ever before. One of the main reasons collectibles are back in fashion is technology. When it comes to collectibles, video games are growing dramatically, and they also offer some lessons for traditional toys. They have promoted growth by creating rarity and goals.

Increasing internet access and the presence of digital content in the entertainment industry is the main reason behind the growth of the global animation collectibles market. The sales of toy collectibles related to movies and TV shows are expected to increase tremendously in the near future through offline and online distribution channels. Furthermore, rapid urbanization, the growth of internet and e-commerce are the major factors driving the animation collectibles market. Avengers, Star Wars and other movie IPs drive a large portion of the collectible toy market. Because of this, this market is not seasonal like traditional toys.

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UpperDeck and Fanatics: the two companies very active in the strategic market

Upperdeck announced a new line of Call of Duty League™ esports trading cards. It also introduced a new line of Blizzard Entertainment Trading cards. Recently, Upperdeck also released the first ever officially licensed trading card for All Elite Wrestling. Earlier in 2021, Upper Deck, the premier global sports and entertainment trading card, memorabilia and collectibles company, announced a brand new addition to the company’s ever-growing trading card and memorabilia portfolio through an exclusive, multi-year deal with All Elite Wrestling (AEW).

University and College Sports Memorabilia/Cards/NFT are becoming increasingly popular.

Nike Inc. and Fanatics Inc. have signed a long-term agreement to design and manufacture collegiate athletic apparel, sharing the rights to serve a number of major universities. Additionally, Fanatics Collectables and Topps have announced extensive agreements to produce collegiate football and basketball trading cards – partnerships that include nearly 150 universities and, individually, more than 200 name, image and likeness agreements with athletes.

“Fanatics looks to grow the Zerocool trading card brand that focuses on pop culture, art and entertainment rather than traditional sports cards.”

How are NFTs revolutionizing the trading card industry?

Hassle-free authentication process: NFT removes the potential to pass off a fake asset as real and shortens the time-consuming authentication procedure.

Increased variety and utility of trading cards: As the popularity of NFTs increases, an increasing number of mainstream musicians, celebrities and major sports organizations are entering the NFT sector as a new means of reaching new audiences. As a result, a wider variety of card games and collectibles are available on NFT markets.

Minimizing depreciation: Crashes, stains and scratches are common with physical trading cards. NFT trading cards are impervious to normal wear and tear as they are digital, eliminating the possibility of damage, loss and theft.

Recent developments of companies in 2022:

• July 2022Square Enix partners with Enjin to launch Final Fantasy VII collectibles

• July 2022Reddit Launches Collectible Avatar NFT Marketplace

• July 2022War and Son, a Leominster-based medal and military antiques shop, has moved to a new shop in a Herefordshire town.

• July 2022Upper Deck announced that they have signed the elite skateboarding and surfing superstar Sky brown to a multi-year memorabilia deal. Upper Deck has released an extensive memorabilia portfolio that includes autographed photos you’ve never seen before, unique designs, helmets and skateboard decks.

• July 2022-Whatnot, the largest independent live shopping platform in the US, announces The Ripping Wax Case Break Pavilion for the National Sports Collectors Convention (NSCC) to host a 5,500 sq ft space inside the Breakers Pavilion with the largest open floor booth at the event.

• July 2022NextName now offers fans the opportunity to purchase the “name, image, likeness” (NIL) of a team and individual players through the sale of their digital collectibles, also known as non-fungible tokens (NFTs).

• July 2022, Mattel will launch SpaceX vehicles as new Matchbox toys and collectibles. The first products under the partnership will be released in 2023 as part of Mattel’s Matchbox line of die-cast cars.

• July 2022Sony licenses PlayStation-based toys and collectibles to Spin Master.

• July 2022Alliance Entertainment Holding Corporation announced the closing of its acquisition of Think 3Fold, a distributor of toys and collectibles.

• June 2022, Hasbro has teamed up with the NBA and the National Basketball Players Association (NBPA) to launch a sports collectibles brand. The starting lineup will feature fan-favorite basketball players as characters. It will also launch an officially licensed Panini NBA trading card.

• July 2022, a new 1/6 scale Star Wars figure has been revealed from Hot Toy. This new figure comes to us from the new hit Disney+ series, Obi-Wan Kenobi, with the arrival of Darth Vader.

• July 2022, Viacom18’s NFT platform launches Roadies’ digital collectibles. The Fully Faltoo NFT marketplace had earlier this year launched the first edition of 3,013 digital artworks, which the platform said sold out within 36 hours of their publication.

• July 2022, Enjin, one of the largest ecosystems targeting non-fungible tokens (NFT), has unveiled a strategic partnership with Square Enix. The partnership will support the launch of a digital collection featuring Final Fantasy VII’s 25th anniversary cards and avatars on Efinity.

A customized report can be obtained on request: https://www.marketdecipher.com/request-sample/2660

Report Details:

Main product coverage (35 categories and 100 subcategories):

For research on specific products or subcategories, send us your request via or official website.

Main report takeaways

• 2022 updates added to the research with latest data

• Sports NFT identified as a booming market

• Third-party NFT marketplaces and specialized marketplaces are gaining ground

• Market data (2020 and 2021) and forecast from 2022 to 2032 for 100+ products

• Important investment pockets and risk analysis for each sector

• Distribution of NFT industry in all product types

• Per product analysis for 30+ countries

• Detailed trend analysis and market data for each 35 sectors and cross-sectional breakdown

• The effect of online sales channel and specialized collectibles portals

• Status of the art industry and penetration of NFT in the media

• Monetization model for B2B product registrations on portals

Custom report available upon request: https://www.marketdecipher.com/request-sample/2660

Other growing industries:

Automotive Display Market

Fantasy Sports Market

India Fantasy Sports Market

Automotive Hub Motor Market

Sports NFT Market

Sports betting market

About Market Decipher

Market Decipher (the research wing of Decipher Market Insights) is a market research and consulting firm involved in the provision of market reports to organizations of various sizes; small, large and medium. At Decipher Market Insights, we concentrate on articulating relevant business policies conditioned by the specific market domain for sustainable growth. The services offered by us include market estimation, forecasting, trend analysis and custom research. We examine the problems and aim to arrive at an optimal solution in line with market dynamics.

Market Decipher offers quantified B2B/B2C industry research on 25,000 potential niche opportunities/threats that have revolutionized the business and revenue of many companies for specific product segment as well as general business. We serve around 10,000+ clients worldwide that include global Fortune 1000 companies as well as renowned consulting firms.

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