Press release
Non Fungible Token (NFT) market size is projected to reach USD 7390.8 Million by 2028, from USD 1553.6 Million in 2021, at a CAGR of 24.4% during 2022-2028| Valuates Reports.
A non-Fungible Token (NFT) is a kind of encrypted digital equity certificate based on blockchain technology that cannot be copied, tampered with, or divided. It can be understood as a decentralized "virtual asset". Or the digital ownership certificate of the physical asset". From a technical perspective, NFTs are issued in the form of smart contracts. A smart contract can issue one or more NFT assets, including physical assets such as physical collections, and event tickets, and virtual assets such as images, music, and game props.
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NFT is a reliable proof of the authenticity and ownership of digital assets. The statistical scope of this report is the revenue obtained by platforms or Operators through providing services for NFT transactions.
Non-Fungible Tokens (NFT) Market Share
Global key non-fungible token (NFT) players include Larva Labs, OpenSea, Sky Mavis etc. The top 3 companies hold a share about 62%. North America is the largest market, with a share about 50%, followed by Asia-Pacific and Europe with the share about 24% and 12%. In terms of product, art and collectible is the largest segment, with a share over 70%. And in terms of application, the largest application is secondary market, followed by primary market.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Non-Fungible Token (NFT) market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Non-Fungible Token (NFT) market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Non-Fungible Token (NFT) market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Non-Fungible Token (NFT) market.
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The non-Fungible Token (NFT) market is segmented by players, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Non-Fungible Token (NFT) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and Forecast by Type and by Application for the period 2017-2028.
Non-Fungible Tokens (NFT) Market Segmentation
NFT Market Segment by Type
• Art and Collectible
• Game
• Others
NFT Market Segment by Application
• Primary Market
• Secondary Market
NFT Market Segment by Region
• North America
• United States
• Canada
• Europe
• Germany
• France
• UK
• Italy
• Russia
• Nordic Countries
• Rest of Europe
• Asia-Pacific
• China
• Japan
• South Korea
• Southeast Asia
• India
• Australia
• Rest of Asia
• Latin America
• Mexico
• Brazil
• Rest of Latin America
• Middle East & Africa
• Turkey
• Saudi Arabia
• UAE
• Rest of MEA
Key Companies
• Larva Labs
• Dapper Labs
• Sky Mavis
• SandBox
• Decentraland
• Sorare
• Rarible
• SuperRare
• OpenSea
• Foundation
• MakersPlace
• Solanart.
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