Market revenue data for 2021, estimates for 2022 and CAGR forecasts through 2027

Global market for non-fungible tokens (NFT).

Dublin, Nov. 30, 2022 (GLOBE NEWSWIRE) — The “Non-Fungible Tokens (NFT): Global Market” report has been added ResearchAndMarkets.com’s Offering.

In this report, the market has been segmented based on market type, asset type, product type, end user and geography. The report provides an overview of the global NFT market and analyzes market trends.

Using 2021 as the base year, the report provides estimated market data for the forecast period 2022-2027. Market values ​​are estimated based on the total income of NFT suppliers.

NFTs experienced a rapid increase in 2021, but this growth has not been steady and has plateaued so far in 2022. Companies including McDonald’s and Coca-Cola, as well as Gucci and Ray-Ban, began offering NFTs.

The revolutionizing gaming sector, the slow but steady increase in demand for digital artwork, and the growing influence of celebrities in the market are the main drivers of NFT acceptance.

In addition, NFT vendors will benefit financially from growing applications of NFT in supply chain management, retail and fashion, as well as from industry titans’ attempts to make the Metaverse a reality and from the personalization of NFTs.

Metaverse is a concept for a virtual environment accessible over the internet where users can interact with digital objects using Augmented Reality (AR), Virtual Reality (VR) and Augmented Reality (ER) (XR).

Therefore, the metaverse is estimated to be a new opportunity for the overall NFT market in the forecast period. NFT transactions are linked to expensive and undetected gas taxes which have hindered market growth.

In addition, price volatility, negative environmental impacts and fraud concerns are also among the factors limiting market growth during the forecast period.

The report covers the market for NFTs with respect to the user base across various regions. It also highlights major trends and challenges that affect the market and the supplier landscape. The report estimates the global market for NFTs in 2021 and provides estimates for the expected market size through 2027. The scope of the study includes NFTs platforms and related services.

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Company profiles of major players in the industry, including Cloudflare, Inc.; Foundation Inc.; Gemini Trust Company, LLC; OpenSea and Rarible

Report includes

• Analysis of the global market trends, with historical market revenue data for 2021, estimates for 2022 and projected compound annual growth rates (CAGRs) through 2027

• Estimation of the actual market size and revenue forecast for non-fungible tokens in millions of USD values, and their corresponding market share analysis by technology type, product segment, end-use industry and geographic region

• Updated information on market opportunities and drivers in NFTs and other blockchain-based crypto markets, key shifts and trends, regulations and industry-specific challenges, and other factors that will shape this market demand in the coming years (2022-2027)

• Coverage of the technological, financial and business assessments of the non-fungible tokens market, with analysis and growth forecasts through 2027

• Discussion of the industry value chain analysis for non-fungible tokens that provides a systematic study of key intermediaries involved, with an emphasis on solutions and service providers and main types of end-use industries across different regions

• Evaluation of the companies best positioned to meet this market demand due to their proprietary technologies, product launches, mergers and acquisition agreements and other strategic advantages

• A relevant patent analysis on NFTs with significant allocations of patent data across each major category

• Identification of the most important stakeholders and analysis of the competitive landscape based on recent developments and segment revenues

The NFT market is driven by the following characteristics:

• Heterogeneous asset.

• High market transparency.

• NFTs are verifiable.

• Market availability 24/7.

• Low liquidity.

• Relatively high transaction costs.

• Price evaluation is not objective.

Key topics covered:

chapter 1 Introduction

Chapter 2 Summary and highlights

Chapter 3 NFTs: Market Overview
3.1 Introduction
3.2 Value chain analysis
3.3 Evolution of NFTs
3.4 Use of blockchain and smart contracts for NFTs
3.5 Investment scenarios
3.6 Market dynamics
3.7 Regulatory scenarios and standards
3.8 Top NFT Launches
3.9 Porter’s Five Force analysis
3.10 Patent Analysis
3.10.1 Recent Patents
3.11 NFT’s SWOT analysis
3.12 The effect of Covid-19
3.13 The future of the NFTs market

Chapter 4 Market distribution by asset type
4.1 Overview
4.2 Physical Assets
4.3 Digital Assets

Chapter 5 Market distribution by product type
5.1 Overview
5.2 Art and collectibles
5.3 Games and sports
5.4 Music and entertainment
5.5 Metaverse
5.6 Others

Chapter 6 Market distribution by market type
6.1 Overview
6.2 Primary
6.3 Secondary

Chapter 7 Market distribution by end user
7.1 Introduction
7.2 Personal
7.3 Commercial

Chapter 8 Market distribution by region
8.1 Overview
8.2 North America
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 United Kingdom
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia-Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 South Korea
8.4.5 Rest of Asia-Pacific
8.5 The rest of the world
8.5.1 The Middle East
8.5.2 Africa
8.5.3 South America

Chapter 9 Competitive landscape
9.1 Key product launches and developments
9.2 Key Collaborations and Partnerships
9.3 Key acquisitions

Chapter 10 Company Profiles

• Antier Solutions Pvt. Ltd.

• Art Blocks, Io

• Axie Infinity

• Cloudflare, Inc.

• Dapper Labs, Inc.

• Foundation, Inc.

• Gemini Trust Company, LLC.

• Open sea

• Rare

• Semidot Infotech

• Hurt

• Super rare

• The sandbox

• Yellowheart, LLC

• Yuga Labs

For more information on this report, visit https://www.researchandmarkets.com/r/kyjis3

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