The non-fungible tokens (NFTs) are cryptographic assets on the blockchain with unique authentication codes and metadata that differentiate them from one another. The non-fungible tokens (NFT) are engaged in providing digital assets.
The main types of non-fungible tokens are art, collectibles, gaming, metaverses, sport, utilities, and others. Paintings, sculptures, and other pictures of things that are made for people to enjoy or think deeply about are referred to as art. Artists value non-fungible tokens because they ensure the validity and uniqueness of the blockchain representation of their work. The different market types include primary market and secondary market and are used in various cryptocurrencies such as ETH, DAI, MANA, SAND, REVV, MATIC, CUBE, FOAM, others.
The global non-fungible token market grew from $21.48 billion in 2022 to $32.89 billion in 2023 at a compound annual growth rate (CAGR) of 53.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The non-fungible token market is expected to grow from $0.7 billion in 2027 at a CAGR of -61.9%.
The non-fungible tokens (NFT) market research report is one of a series of new reports that provides non-fungible tokens (NFT) market statistics, including non-fungible tokens (NFT) industry global market size, regional shares, competitors with a non-fungible tokens (NFT) market share, detailed non-fungible tokens (NFT) market segments, market trends and opportunities, and any further data you may need to thrive in the non-fungible tokens (NFT) industry. This non-fungible tokens (NFT) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The development of new platforms for a non-fungible token is shaping the non-fungible token (NFT) market. Major companies operating in the non-fungible token sector are concentrating on creating new platforms for non-fungible tokens to provide customizable exposure through a unique premium casting program. For instance, in March 2021, Tapinator, Inc., a US-based mobile game and app developer announced that the company is developing NFT500, a premium casting service and collection platform based on blue-chip NFTs. The word casting refers to the process of viewing digital art on a physical display in the form of NFTs. The service is set to debut this summer, with a demo companion mobile version to follow later this year.
In April 2021, Hall of Fame Resort & Entertainment Company, a US-based entertainment, and media company announced its first non-fungible tokens (NFTs) offering in partnership with Dolphin Entertainment, Inc and Elite Holdings LLC. Through this partnership, the companies will develop, market, promote and sell NFTs associated with the H2H Legends. Dolphin Entertainment, Inc., is a US-based entertainment marketing and premium content development company and Elite Team Holdings LLC is a US-based brand management company.
North America was the largest region in the non-fungible token (NFT) market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the non-fungible tokens (NFT) report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the non-fungible token (NFT) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The increasing demand for digital artwork is expected to propel the growth of the non-fungible tokens (NFT) market in the coming years. The word digital art refers to art that is created or displayed using digital technology. Artists value non-fungible tokens because they ensure the validity and uniqueness of the blockchain representation of their work. For instance, in 2021, Grimes is the most recent artist to profit in on the NFT gold rush, with digital artworks valued at about $6 million sold. Additionally, in 2021, digital artist Pak's collection was sold for about $17 million and in 2020, the digital artist Beeple sold $3.5 million in artwork through Nifty Gateway. Therefore, the increasing demand for digital artwork drives the growth of the non-fungible tokens (NFT) market.
The non-fungible tokens (NFTs) market includes revenues earned by entities by event tickets, music and media, virtual items, real-world assets, identity, memes and domain names. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Major players in the non-fungible token (NFT) market are SemiDot Infotech, Blockchain App Factory, Cinedigm, Funko, Takung Art, WISeKey, Oriental Culture Holding, and Liquid Media.
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The main types of non-fungible tokens are art, collectibles, gaming, metaverses, sport, utilities, and others. Paintings, sculptures, and other pictures of things that are made for people to enjoy or think deeply about are referred to as art. Artists value non-fungible tokens because they ensure the validity and uniqueness of the blockchain representation of their work. The different market types include primary market and secondary market and are used in various cryptocurrencies such as ETH, DAI, MANA, SAND, REVV, MATIC, CUBE, FOAM, others.
The global non-fungible token market grew from $21.48 billion in 2022 to $32.89 billion in 2023 at a compound annual growth rate (CAGR) of 53.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The non-fungible token market is expected to grow from $0.7 billion in 2027 at a CAGR of -61.9%.
The non-fungible tokens (NFT) market research report is one of a series of new reports that provides non-fungible tokens (NFT) market statistics, including non-fungible tokens (NFT) industry global market size, regional shares, competitors with a non-fungible tokens (NFT) market share, detailed non-fungible tokens (NFT) market segments, market trends and opportunities, and any further data you may need to thrive in the non-fungible tokens (NFT) industry. This non-fungible tokens (NFT) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The development of new platforms for a non-fungible token is shaping the non-fungible token (NFT) market. Major companies operating in the non-fungible token sector are concentrating on creating new platforms for non-fungible tokens to provide customizable exposure through a unique premium casting program. For instance, in March 2021, Tapinator, Inc., a US-based mobile game and app developer announced that the company is developing NFT500, a premium casting service and collection platform based on blue-chip NFTs. The word casting refers to the process of viewing digital art on a physical display in the form of NFTs. The service is set to debut this summer, with a demo companion mobile version to follow later this year.
In April 2021, Hall of Fame Resort & Entertainment Company, a US-based entertainment, and media company announced its first non-fungible tokens (NFTs) offering in partnership with Dolphin Entertainment, Inc and Elite Holdings LLC. Through this partnership, the companies will develop, market, promote and sell NFTs associated with the H2H Legends. Dolphin Entertainment, Inc., is a US-based entertainment marketing and premium content development company and Elite Team Holdings LLC is a US-based brand management company.
North America was the largest region in the non-fungible token (NFT) market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the non-fungible tokens (NFT) report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the non-fungible token (NFT) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The increasing demand for digital artwork is expected to propel the growth of the non-fungible tokens (NFT) market in the coming years. The word digital art refers to art that is created or displayed using digital technology. Artists value non-fungible tokens because they ensure the validity and uniqueness of the blockchain representation of their work. For instance, in 2021, Grimes is the most recent artist to profit in on the NFT gold rush, with digital artworks valued at about $6 million sold. Additionally, in 2021, digital artist Pak's collection was sold for about $17 million and in 2020, the digital artist Beeple sold $3.5 million in artwork through Nifty Gateway. Therefore, the increasing demand for digital artwork drives the growth of the non-fungible tokens (NFT) market.
The non-fungible tokens (NFTs) market includes revenues earned by entities by event tickets, music and media, virtual items, real-world assets, identity, memes and domain names. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Major players in the non-fungible token (NFT) market are SemiDot Infotech, Blockchain App Factory, Cinedigm, Funko, Takung Art, WISeKey, Oriental Culture Holding, and Liquid Media.
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary2. Non-Fungible Token (NFT) Market Characteristics
3. Non-Fungible Token (NFT) Market Trends And Strategies
4. Non-Fungible Token (NFT) Market - Macro Economic Scenario
4.1 COVID-19 Impact On Non-Fungible Token (NFT) Market
4.2 Ukraine-Russia War Impact On Non-Fungible Token (NFT) Market
4.3 Impact Of High Inflation On Non-Fungible Token (NFT) Market
5. Non-Fungible Token (NFT) Market Size And Growth
5.1. Global Non-Fungible Token (NFT) Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Non-Fungible Token (NFT) Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Non-Fungible Token (NFT) Market Segmentation
6.1. Global Non-Fungible Token (NFT) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Art
- Collectibles
- Gaming
- Metaverses
- Sports
- Utilities
- Other Types
- Primary
- Secondary
- ETH
- DAI
- MANA
- SAND
- REVV
- MATIC
- CUBE
- FOAM
- Other Cryptocurrencies
7.1. Global Non-Fungible Token (NFT) Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Non-Fungible Token (NFT) Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Non-Fungible Token (NFT) Market
8.1. Asia-Pacific Non-Fungible Token (NFT) Market Overview
- Region Information, Impact Of COVID_19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.3. Asia-Pacific Non-Fungible Token (NFT) Market, Segmentation By Cryptocurrency Usage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Non-Fungible Token (NFT) Market
9.1. China Non-Fungible Token (NFT) Market Overview
9.2. China Non-Fungible Token (NFT) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Non-Fungible Token (NFT) Market, Segmentation By Cryptocurrency Usage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Non-Fungible Token (NFT) Market
10.1. India Non-Fungible Token (NFT) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Non-Fungible Token (NFT) Market, Segmentation By Cryptocurrency Usage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Non-Fungible Token (NFT) Market
11.1. Japan Non-Fungible Token (NFT) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Non-Fungible Token (NFT) Market, Segmentation By Cryptocurrency Usage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Non-Fungible Token (NFT) Market
12.1. Australia Non-Fungible Token (NFT) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Non-Fungible Token (NFT) Market, Segmentation By Cryptocurrency Usage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Non-Fungible Token (NFT) Market
13.1. Indonesia Non-Fungible Token (NFT) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Non-Fungible Token (NFT) Market, Segmentation By Cryptocurrency Usage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Non-Fungible Token (NFT) Market
14.1. South Korea Non-Fungible Token (NFT) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Non-Fungible Token (NFT) Market, Segmentation By Cryptocurrency Usage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Non-Fungible Token (NFT) Market
15.1. Western Europe Non-Fungible Token (NFT) Market Overview
15.2. Western Europe Non-Fungible Token (NFT) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Non-Fungible Token (NFT) Market, Segmentation By Cryptocurrency Usage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Non-Fungible Token (NFT) Market
16.1. UK Non-Fungible Token (NFT) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Non-Fungible Token (NFT) Market, Segmentation By Cryptocurrency Usage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Non-Fungible Token (NFT) Market
17.1. Germany Non-Fungible Token (NFT) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Non-Fungible Token (NFT) Market, Segmentation By Cryptocurrency Usage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Non-Fungible Token (NFT) Market
18.1. France Non-Fungible Token (NFT) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Non-Fungible Token (NFT) Market, Segmentation By Cryptocurrency Usage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Non-Fungible Token (NFT) Market
19.1. Eastern Europe Non-Fungible Token (NFT) Market Overview
19.2. Eastern Europe Non-Fungible Token (NFT) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Non-Fungible Token (NFT) Market, Segmentation By Cryptocurrency Usage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Non-Fungible Token (NFT) Market
20.1. Russia Non-Fungible Token (NFT) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Non-Fungible Token (NFT) Market, Segmentation By Cryptocurrency Usage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Non-Fungible Token (NFT) Market
21.1. North America Non-Fungible Token (NFT) Market Overview
21.2. North America Non-Fungible Token (NFT) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Non-Fungible Token (NFT) Market, Segmentation By Cryptocurrency Usage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Non-Fungible Token (NFT) Market
22.1. USA Non-Fungible Token (NFT) Market Overview
22.2. USA Non-Fungible Token (NFT) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Non-Fungible Token (NFT) Market, Segmentation By Cryptocurrency Usage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Non-Fungible Token (NFT) Market
23.1. South America Non-Fungible Token (NFT) Market Overview
23.2. South America Non-Fungible Token (NFT) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Non-Fungible Token (NFT) Market, Segmentation By Cryptocurrency Usage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Non-Fungible Token (NFT) Market
24.1. Brazil Non-Fungible Token (NFT) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Non-Fungible Token (NFT) Market, Segmentation By Cryptocurrency Usage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Non-Fungible Token (NFT) Market
25.1. Middle East Non-Fungible Token (NFT) Market Overview
25.2. Middle East Non-Fungible Token (NFT) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Non-Fungible Token (NFT) Market, Segmentation By Cryptocurrency Usage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Non-Fungible Token (NFT) Market
26.1. Africa Non-Fungible Token (NFT) Market Overview
26.2. Africa Non-Fungible Token (NFT) Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Non-Fungible Token (NFT) Market, Segmentation By Cryptocurrency Usage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Non-Fungible Token (NFT) Market Competitive Landscape And Company Profiles
27.1. Non-Fungible Token (NFT) Market Competitive Landscape
27.2. Non-Fungible Token (NFT) Market Company Profiles
27.2.1. SemiDot Infotech
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Blockchain App Factory
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Cinedigm
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Funko
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Takung Art
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Non-Fungible Token (NFT) Market
29. Non-Fungible Token (NFT) Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. About the Publisher
30.6. Copyright And Disclaimer
Executive Summary
Non-fungible Token Global Market Report 2023 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on non-fungible token market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:
Where is the largest and fastest growing market for non-fungible token? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The non-fungible token market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
Markets Covered:
1) By Type: Art; Collectibles; Gaming; Metaverses; Sports; Utilities; Other Types2) By Market Type: Primary; Secondary
3) By Cryptocurrency Usage: ETH; DAI; MANA; SAND; REVV; MATIC; CUBE; FOAM; Other Cryptocurrencies
Companies Mentioned: SemiDot Infotech; Blockchain App Factory; Cinedigm; Funko; Takung Art
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
A selection of companies mentioned in this report includes:
- SemiDot Infotech
- Blockchain App Factory
- Cinedigm
- Funko
- Takung Art
- WISeKey
- Oriental Culture Holding
- Liquid Media
Methodology
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