May 27, 2022 07:08 ET | Source: Research and Markets Research and Markets
Dublin, IRELAND
Dublin, May 27, 2022 (GLOBE NEWSWIRE) — The “Non-fungible Token Market Size, Share & Trends Analysis Report by Type (Physical Asset, Digital Asset), by Application (Collectibles, Art, Gaming), by End Use, by Region, and Segment Forecasts, 2022-2030” report has been added to ResearchAndMarkets.com’s offering.
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.
The growing demand for digital art worldwide is one of the major factors driving the NFT (non-fungible token) market growth. The growing use of cryptocurrency globally is also anticipated to drive the growth of the market. This is because cryptocurrency is used by people to purchase digital assets.
The funding raised by NFT companies is also one of the major factors favoring the market growth. For instance, in March 2022, Magic Eden, an NFT marketplace, raised USD 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 for expanding its services and products.
The COVID-19 pandemic is expected to impact the market positively over the forecast period. The restrictions imposed during the pandemic confined people to homes and limited their sources of income. As a result, NFT-based gaming platforms such as Axie Game have gained increased popularity as they help people earn income amid the COVID-19 pandemic.
Non-fungible Token Market Report Highlights
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
2.1 Non-Fungible Token (NFT) Market-Industry Snapshot & Key Buying Criteria, 2018-2030
2.2 Global Non-Fungible Token (NFT) Market, 2018-2030
2.2.3 Global Non-Fungible Token (NFT) Market, by application, 2018-2030
2.2.4 Global Non-Fungible Token (NFT) Market, by end use, 2018-2030
Chapter 3 Non-Fungible Token (NFT) Industry Outlook
3.1 Market Segmentation and Scope
3.2 Market Size and Growth Prospects
3.3 Non-Fungible Token (NFT) Market-Value Chain Analysis
3.4 Non-Fungible Token (NFT) Market-Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Increasing demand for digital artworks
3.4.1.2 Increasing demand for a decentralized Marketplace
3.4.2 Market challenge analysis
3.4.2.1 Concerns regarding fraud and scams
3.5 Penetration and Growth Prospect Mapping
3.6 Non-Fungible Token (NFT) Market-Porter’s Five Forces Analysis
3.7 Non-Fungible Token (NFT) Market-PESTEL Analysis
Chapter 4 Investment Landscape Analysis
4.1 Key Investor Dashboard
4.2 Investment Raised by NFT Companies
4.3 Investment Strategies by Companies
4.4 Investors Vision & Goal Analysis
Chapter 5 FinTech Industry Highlights
5.1 FinTech Ecosystem Overview
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 Non-Fungible Token (NFT) Type Outlook
6.1 Non-Fungible Token (NFT) Market Share by Type, 2021
6.2 Physical Asset
6.3 Digital Asset
Chapter 7 Non-Fungible Token (NFT) Application Outlook
7.1 Non-Fungible Token (NFT) Market Share by Application, 2021
7.2 Collectibles
7.3. Art
7.4 Gaming
7.5 Utilities
7.6 Metaverse
7.7 Sports
7.8 Others
Chapter 8 Non-Fungible Token (NFT) End-Use Outlook
8.1 Non-Fungible Token (NFT) Market Share by End-Use, 2021
8.2 Personal
8.3 Commercial
Chapter 9 Non-Fungible Token (NFT) Regional Outlook
9.1 Non-Fungible Token (NFT) Market Share by Region, 2021
Chapter 10 Competitive Analysis
10.1 Recent Developments & Impact Analysis, by Key Market Participants
10.2 Company Categorization
10.3 Vendor Landscape
10.4 Company Analysis Tools
Chapter 11 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/5ddugj
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