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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

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    Report

  • 150 Pages
  • April 2022
  • Region: Global
  • Grand View Research
  • ID: 5595794
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. Digital art is defined as the art that is displayed or created using digital technologies.



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. According to CoinMarketCap, as of February 2022, the total global capitalization of cryptocurrency is USD 1.76 trillion, making it equivalent to the world’s 8th largest economy.

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

  • In terms of type, the digital asset segment dominated the market in 2021. The demand for art NFTs is growing as they enable artists to track all work transactions. This tracking of transactions helps artists avail perpetual royalty payback benefits on every transaction of their digital art.
  • In terms of application, the collectibles segment dominated the market in 2021. The growth of the segment can be attributed to the increasing demand for collectibles across arts, sports, and games.
  • In terms of end use, the commercial segment is expected to experience the fastest growth over the forecast period. The demand for NFTs is growing among businesses to enable improved transactions across a range of application areas.
  • The growing use of cryptocurrency across North American countries such as the U.S. and Canada is expected to create new opportunities for market growth across the region.


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Frequently Asked Questions about the Global Non-fungible Token Market

What is the estimated value of the Global Non-fungible Token Market?

The Global Non-fungible Token Market was estimated to be valued at $20.44 Billion in 2022.

What is the growth rate of the Global Non-fungible Token Market?

The growth rate of the Global Non-fungible Token Market is 33.9%, with an estimated value of $211.72 Billion by 2030.

What is the forecasted size of the Global Non-fungible Token Market?

The Global Non-fungible Token Market is estimated to be worth $211.72 Billion by 2030.

Who are the key companies in the Global Non-fungible Token Market?

Key companies in the Global Non-fungible Token Market include Yellowheart, Cloudflare, Inc., Plby Group, Inc., Dolphin Entertainment, Inc., Funko Inc., Opensea (Ozone Networks, Inc.), Takung Art Co. Ltd., Dapper Labs, Inc. and Makersplace (Onchain Labs, Inc.).

Table of Contents

Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources
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
2.2.1 Global Non-Fungible Token (NFT) Market, by region, 2018-2030
2.2.2 Global Non-Fungible Token (NFT) Market, by type, 2018-2030
2.2.3 Global Non-Fungible Token (NFT) Market, by application, 2018-2030
2.2.3.1 Global Non-Fungible Token (NFT) Market, by collectibles, 2018-2030
2.2.3.2 Global Non-Fungible Token (NFT) Market, by art, 2018-2030
2.2.3.3 Global Non-Fungible Token (NFT) Market, by gaming, 2018-2030
2.2.3.4 Global Non-Fungible Token (NFT) Market, by utilities, 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
5.4.1 Government Regulations
5.4.2 Private/Association Regulations
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
6.2.1 Physical Asset Non-Fungible Token (NFT) Market, 2018-2030
6.3 Digital Asset
6.3.1 Digital Asset Non-Fungible Token (NFT) Market, 2018-2030
Chapter 7 Non-Fungible Token (NFT) Application Outlook
7.1 Non-Fungible Token (NFT) Market Share by Application, 2021
7.2 Collectibles
7.2.1 Collectibles Non-Fungible Token (NFT) Market, 2018-2030
7.2.1.1 Video clips Non-Fungible Token (NFT) Market, 2018-2030
7.2.1.2 Audio clips Non-Fungible Token (NFT) Market, 2018-2030
7.2.1.3 Gamification Non-Fungible Token (NFT) Market, 2018-2030
7.2.1.4 Others Non-Fungible Token (NFT) Market, 2018-2030
7.3. Art
7.3.1. Art Non-Fungible Token (NFT) Market, 2018-2030
7.3.1.1 Pixel art Non-Fungible Token (NFT) Market, 2018-2030
7.3.1.2 Fractal/algorithmic art Non-Fungible Token (NFT) Market, 2018-2030
7.3.1.3 Computer-generated painting Non-Fungible Token (NFT) Market, 2018-2030
7.3.1.4 2D/3D painting Non-Fungible Token (NFT) Market, 2018-2030
7.3.1.5 2D/3D computer graphics Non-Fungible Token (NFT) Market, 2018-2030
7.3.1.6 GIFs Non-Fungible Token (NFT) Market, 2018-2030
7.3.1.7 Others Non-Fungible Token (NFT) Market, 2018-2030
7.4 Gaming
7.4.1 Gaming Non-Fungible Token (NFT) Market, 2018-2030
7.4.1.1 Trading Card Game (TCG) Non-Fungible Token (NFT) Market, 2018-2030
7.4.1.2 Video games Non-Fungible Token (NFT) Market, 2018-2030
7.4.1.3 Strategy Role Playing Game (RPG) Non-Fungible Token (NFT) Market, 2018-2030
7.4.1.4 Others Non-Fungible Token (NFT) Market, 2018-2030
7.5 Utilities
7.5.1 Utilities Non-Fungible Token (NFT) Market, 2018-2030
7.5.1.1 Tickets Non-Fungible Token (NFT) Market, 2018-2030
7.5.1.2 Domain names Non-Fungible Token (NFT) Market, 2018-2030
7.5.1.3 Assets ownership Non-Fungible Token (NFT) Market, 2018-2030
7.6 Metaverse
7.6.1 Metaverse Non-Fungible Token (NFT) Market, 2018-2030
7.7 Sports
7.7.1 Sports Non-Fungible Token (NFT) Market, 2018-2030
7.8 Others
7.8.1 Others Non-Fungible Token (NFT) Market, 2018-2030
Chapter 8 Non-Fungible Token (NFT) End-Use Outlook
8.1 Non-Fungible Token (NFT) Market Share by End-Use, 2021
8.2 Personal
8.2.1 Non-Fungible Token (NFT) Market in Personal, 2018-2030
8.3 Commercial
8.3.1 Non-Fungible Token (NFT) Market in Commercial, 2018-2030
Chapter 9 Non-Fungible Token (NFT) Regional Outlook
9.1 Non-Fungible Token (NFT) Market Share by Region, 2021
9.2 North America
9.2.1 North America Non-Fungible Token (NFT) Market, 2018-2030
9.2.2 North America Non-Fungible Token (NFT) Market, by type, 2018-2030
9.2.3 North America Non-Fungible Token (NFT) Market, by application, 2018-2030
9.2.3.1 North America Non-Fungible Token (NFT) Market, by collectibles, 2018-2030
9.2.3.2 North America Non-Fungible Token (NFT) Market, by art, 2018-2030
9.2.3.3 North America Non-Fungible Token (NFT) Market, by gaming, 2018-2030
9.2.3.4 North America Non-Fungible Token (NFT) Market, by utilities, 2018-2030
9.2.4 North America Non-Fungible Token (NFT) Market, by end-use, 2018-2030
9.2.5 U.S.
9.2.5.1 U.S. Non-Fungible Token (NFT) Market, 2018-2030
9.2.5.2 U.S. Non-Fungible Token (NFT) Market, by type, 2018-2030
9.2.5.3 U.S. Non-Fungible Token (NFT) Market, by application, 2018-2030
9.2.5.3.1 U.S. Non-Fungible Token (NFT) Market, by collectibles, 2018-2030
9.2.5.3.2 U.S. Non-Fungible Token (NFT) Market, by art, 2018-2030
9.2.5.3.3 U.S. Non-Fungible Token (NFT) Market, by gaming, 2018-2030
9.2.5.3.4 U.S. Non-Fungible Token (NFT) Market, by utilities, 2018-2030
9.2.6 Canada
9.2.6.1 Canada Non-Fungible Token (NFT) Market, 2018-2030
9.2.6.2 Canada Non-Fungible Token (NFT) Market, by type, 2018-2030
9.2.6.3 Canada Non-Fungible Token (NFT) Market, by application, 2018-2030
9.2.6.3.1 Canada Non-Fungible Token (NFT) Market, by collectibles, 2018-2030
9.2.6.3.2 Canada Non-Fungible Token (NFT) Market, by art, 2018-2030
9.2.6.3.3 Canada Non-Fungible Token (NFT) Market, by gaming, 2018-2030
9.2.6.3.4 Canada Non-Fungible Token (NFT) Market, by utilities, 2018-2030
9.2.6.4 Canada Non-Fungible Token (NFT) Market, by end-use, 2018-2030
9.3 Europe
9.3.1 Europe Non-Fungible Token (NFT) Market, 2018-2030
9.3.2 Europe Non-Fungible Token (NFT) Market, by type, 2018-2030
9.3.3 Europe Non-Fungible Token (NFT) Market, by application, 2018-2030
9.3.3.1 Europe Non-Fungible Token (NFT) Market, by collectibles, 2018-2030
9.3.3.2 Europe Non-Fungible Token (NFT) Market, by art, 2018-2030
9.3.3.3 Europe Non-Fungible Token (NFT) Market, by gaming, 2018-2030
9.3.3.4 Europe Non-Fungible Token (NFT) Market, by utilities, 2018-2030
9.3.4 Europe Non-Fungible Token (NFT) Market, by end-use, 2018-2030
9.3.5 Germany
9.3.5.1 Germany Non-Fungible Token (NFT) Market, 2018-2030
9.3.5.2 Germany Non-Fungible Token (NFT) Market, by type, 2018-2030
9.3.5.3 Germany Non-Fungible Token (NFT) Market, by application, 2018-2030
9.3.5.3.1 Germany Non-Fungible Token (NFT) Market, by collectibles, 2018-2030d
9.3.5.3.2 Germany Non-Fungible Token (NFT) Market, by art, 2018-2030
9.3.5.3.3 Germany Non-Fungible Token (NFT) Market, by gaming, 2018-2030
9.3.5.3.4 Germany Non-Fungible Token (NFT) Market, by utilities, 2018-2030
9.3.6 U.K.
9.3.6.1 U.K. Non-Fungible Token (NFT) Market, 2018-2030
9.3.6.2 U.K. Non-Fungible Token (NFT) Market, by type, 2018-2030
9.3.6.3 U.K. Non-Fungible Token (NFT) Market, by application, 2018-2030
9.3.6.3.1 U.K. Non-Fungible Token (NFT) Market, by collectibles, 2018-2030
9.3.6.3.2 U.K. Non-Fungible Token (NFT) Market, by art, 2018-2030
9.3.6.3.3 U.K. Non-Fungible Token (NFT) Market, by gaming, 2018-2030
9.3.6.3.4 U.K. Non-Fungible Token (NFT) Market, by utilities, 2018-2030
9.3.7 France
9.3.7.1 France Non-Fungible Token (NFT) Market, 2018-2030
9.3.7.2 France Non-Fungible Token (NFT) Market, by type, 2018-2030
9.3.7.3 France Non-Fungible Token (NFT) Market, by application, 2018-2030
9.3.7.3.1 France Non-Fungible Token (NFT) Market, by collectibles, 2018-2030
9.3.7.3.2 France Non-Fungible Token (NFT) Market, by art, 2018-2030
9.3.7.3.3 France Non-Fungible Token (NFT) Market, by gaming, 2018-2030
9.3.7.3.4 France Non-Fungible Token (NFT) Market, by utilities, 2018-2030
9.3.7.4 France Non-Fungible Token (NFT) Market, by end-use, 2018-2030
9.4 Asia Pacific
9.4.1 Asia Pacific Non-Fungible Token (NFT) Market, 2018-2030
9.4.2 Asia Pacific Non-Fungible Token (NFT) Market, by type, 2018-2030
9.4.3 Asia Pacific Non-Fungible Token (NFT) Market, by application, 2018-2030
9.4.3.1 Asia Pacific Non-Fungible Token (NFT) Market, by collectibles, 2018-2030
9.4.3.2 Asia Pacific Non-Fungible Token (NFT) Market, by art, 2018-2030
9.4.3.3 Asia Pacific Non-Fungible Token (NFT) Market, by gaming, 2018-2030
9.4.3.4 Asia Pacific Non-Fungible Token (NFT) Market, by utilities, 2018-2030
9.4.4 Asia Pacific Non-Fungible Token (NFT) Market, by end-use, 2018-2030
9.4.5 China
9.4.5.1 China Non-Fungible Token (NFT) Market, 2018-2030
9.4.5.2 China Non-Fungible Token (NFT) Market, by type, 2018-2030
9.4.5.3 China Non-Fungible Token (NFT) Market, by application, 2018-2030
9.4.5.3.1 China Non-Fungible Token (NFT) Market, by collectibles, 2018-2030
9.4.5.3.2 China Non-Fungible Token (NFT) Market, by art, 2018-2030
9.4.5.3.3 China Non-Fungible Token (NFT) Market, by gaming, 2018-2030
9.4.5.3.4 China Non-Fungible Token (NFT) Market, by utilities, 2018-2030
9.4.6 India
9.4.6.1 India Non-Fungible Token (NFT) Market, 2018-2030
9.4.6.2 India Non-Fungible Token (NFT) Market, by type, 2018-2030
9.4.6.3 India Non-Fungible Token (NFT) Market, by application, 2018-2030
9.4.6.3.1 India Non-Fungible Token (NFT) Market, by collectibles, 2018-2030
9.4.6.3.2 India Non-Fungible Token (NFT) Market, by art, 2018-2030
9.4.6.3.3 India Non-Fungible Token (NFT) Market, by gaming, 2018-2030
9.4.6.3.4 India Non-Fungible Token (NFT) Market, by utilities, 2018-2030
9.4.7 Japan
9.4.7.1 Japan Non-Fungible Token (NFT) Market, 2018-2030
9.4.7.2 Japan Non-Fungible Token (NFT) Market, by type, 2018-2030
9.4.7.3 Japan Non-Fungible Token (NFT) Market, by application, 2018-2030
9.4.7.3.1 Japan Non-Fungible Token (NFT) Market, by collectibles, 2018-2030
9.4.7.3.2 Japan Non-Fungible Token (NFT) Market, by art, 2018-2030
9.4.7.3.3 Japan Non-Fungible Token (NFT) Market, by gaming, 2018-2030
9.4.7.3.4 Japan Non-Fungible Token (NFT) Market, by utilities, 2018-2030
9.4.7.4 Japan Non-Fungible Token (NFT) Market, by end-use, 2018-2030
9.5 Latin America
9.5.1 Latin America Non-Fungible Token (NFT) Market, 2018-2030
9.5.2 Latin America Non-Fungible Token (NFT) Market, by type, 2018-2030
9.5.3 Latin America Non-Fungible Token (NFT) Market, by application, 2018-2030
9.5.3.1 Latin America Non-Fungible Token (NFT) Market, by collectibles, 2018-2030
9.5.3.2 Latin America Non-Fungible Token (NFT) Market, by art, 2018-2030
9.5.3.3 Latin America Non-Fungible Token (NFT) Market, by gaming, 2018-2030
9.5.3.4 Latin America Non-Fungible Token (NFT) Market, by utilities, 2018-2030
9.5.4 Latin America Non-Fungible Token (NFT) Market, by end-use, 2018-2030
9.5.5 Brazil
9.5.5.1 Brazil Non-Fungible Token (NFT) Market, 2018-2030
9.5.5.2 Brazil Non-Fungible Token (NFT) Market, by type, 2018-2030
9.5.5.3 Brazil Non-Fungible Token (NFT) Market, by application, 2018-2030
9.5.5.3.1 Brazil Non-Fungible Token (NFT) Market, by collectibles, 2018-2030
9.5.5.3.2 Brazil Non-Fungible Token (NFT) Market, by art, 2018-2030
9.5.5.3.3 Brazil Non-Fungible Token (NFT) Market, by gaming, 2018-2030
9.5.5.3.4 Brazil Non-Fungible Token (NFT) Market, by utilities, 2018-2030
9.5.5.4 Brazil Non-Fungible Token (NFT) Market, by end-use, 2018-2030
9.5.6 Mexico
9.5.6.1 Mexico Non-Fungible Token (NFT) Market, 2018-2030
9.5.6.2 Mexico Non-Fungible Token (NFT) Market, by type, 2018-2030
9.5.6.3 Mexico Non-Fungible Token (NFT) Market, by application, 2018-2030
9.5.6.3.1 Mexico Non-Fungible Token (NFT) Market, by collectibles, 2018-2030
9.5.6.3.2 Mexico Non-Fungible Token (NFT) Market, by art, 2018-2030
9.5.6.3.3 Mexico Non-Fungible Token (NFT) Market, by gaming, 2018-2030
9.5.6.3.4 Mexico Non-Fungible Token (NFT) Market, by utilities, 2018-2030
9.5.6.4 Mexico Non-Fungible Token (NFT) Market, by end-use, 2018-2030
9.6 MEA
9.6.1 MEA Non-Fungible Token (NFT) Market, 2018-2030
9.6.2 MEA Non-Fungible Token (NFT) Market, by type, 2018-2030
9.6.3 MEA Non-Fungible Token (NFT) Market, by application, 2018-2030
9.6.3.1 MEA Non-Fungible Token (NFT) Market, by collectibles, 2018-2030
9.6.3.2 MEA Non-Fungible Token (NFT) Market, by art, 2018-2030
9.6.3.3 MEA Non-Fungible Token (NFT) Market, by gaming, 2018-2030
9.6.3.4 MEA Non-Fungible Token (NFT) Market, by utilities, 2018-2030
9.6.4 MEA Non-Fungible Token (NFT) Market, by end-use, 2018-2030
Chapter 10 Competitive Analysis
10.1 Recent Developments & Impact Analysis, by Key Market Participants
10.2 Company Categorization
10.3 Vendor Landscape
10.3.1 Key company ranking/company Market share analysis, 2021
10.4 Company Analysis Tools
10.4.1 Company Market position analysis
10.4.2 Competitive dashboard analysis
Chapter 11 Competitive Landscape
11.1 YellowHeart
11.1.1 Company overview
11.1.2 Financial performance
11.1.3 Product benchmarking
11.1.4 Strategic initiatives
11.2 Cloudflare, Inc.
11.2.1 Company overview
11.2.2 Financial performance
11.2.3 Product benchmarking
11.2.4 Strategic initiatives
11.3 PLby Group, Inc.
11.3.1 Company overview
11.3.2 Financial performance
11.3.3 Product benchmarking
11.3.4 Strategic initiatives
11.4 Dolphin Entertainment, Inc.
11.4.1 Company overview
11.4.2 Financial performance
11.4.3 Product benchmarking
11.4.4 Strategic initiatives
11.5 Funko Inc.
11.5.1 Company overview
11.5.2 Financial performance
11.5.3 Product benchmarking
11.5.4 Strategic initiatives
11.6 OpenSea (Ozone Networks, Inc.)
11.6.1 Company overview
11.6.2 Financial performance
11.6.3 Product benchmarking
11.6.4 Strategic initiatives
11.7 Takung Art Co., Ltd.
11.7.1 Company overview
11.7.2 Financial performance
11.7.3 Product benchmarking
11.7.4 Strategic initiatives
11.8 Dapper Labs, Inc.
11.8.1 Company overview
11.8.2 Financial performance
11.8.3 Product benchmarking
11.8.4 Strategic initiatives
11.9 Nifty Gateway (Gemini Trust Company, LLC)
11.9.1 Company overview
11.9.2 Financial performance
11.9.3 Product benchmarking
11.9.4 Strategic initiatives
11.10 MakersPlace (Onchain Labs, Inc.)
11.10.1 Company overview
11.10.2 Financial performance
11.10.3 Product benchmarking
11.10.4 Strategic initiatives
11.11 List of Other Prominent players

Companies Mentioned

  • Yellowheart
  • Cloudflare, Inc.
  • Plby Group, Inc.
  • Dolphin Entertainment, Inc.
  • Funko Inc.
  • Opensea (Ozone Networks, Inc.)
  • Takung Art Co. Ltd.
  • Dapper Labs, Inc.
  • Nifty Gateway (Gemini Trust Company, LLC)
  • Makersplace (Onchain Labs, Inc.)

Methodology

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