Press release
Non-fungible Token Global Market Report 2025: Significant Boom, Key Players, and Emerging Trends
Non-fungible Token Market Size
Soaring to New Heights: The Global Non-fungible Token Market Projects Exponential Growth by 2024
What Is The Projected Market Size Of The Global Non-fungible Token Global Market Report 2025 And Its Growth Rate?
The Non-fungible token market size exhibits prodigious growth in recent years with the following significant statistics.
• The market will grow from $43.08 billion in 2024 to $61.01 billion in 2025 at a CAGR of 41.6%.
• Its size is expected to further expand to $247.41 billion in 2029 at a CAGR of 41.9%.
The growth phases in these years can be attributed to factors like the boom in digital art, brand endorsements by celebrities, participation of crypto enthusiasts, broader asset tokenization, integration with gaming, NFT marketplaces and infrastructure, regulatory clarity, and enhanced interoperability.
What Is Driving The Growth In The Non-fungible Token Global Market Report 2025?
The growth of the non-fungible token market in the forecast period is estimated to be primarily driven by the increasing demand for digital artwork. Digital arts leverage digital technology for creation or display and are considered valuable by artists as non-fungible tokens ensure the valid and unique blockchain representation of their work. For instance, in 2024, the estimated global cryptocurrency ownership was at an average of 6.8%, indicating over 560 million crypto owners globally. This rising traction for digital artwork, implying the validity and uniqueness that come with non-fungible tokens, drives the non-fungible token market's growth.
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Who Are the Key Players Driving Non-fungible Token Global Market Report 2025 Growth?
The major companies pushing the growth of the non-fungible token market include:
• SemiDot Infotech
• Blockchain App Factory
• Cineverse Corp.
• Funko Inc.
• Liquid Media Group Ltd.
• Oriental Culture Holding Ltd.
• Takung Art Co. Ltd.
• WISeKey International Holding Ltd.
• OpenSea
• Rarible Inc.
• Sky Mavis
• Cloudflare Inc.
• Dapper Labs Inc.
• Dolphin Entertainment Inc.
• Gemini Trust Company LLC.
• Onchain Labs Inc.
• Ozone Networks Inc.
• PLBY Group Inc.
• YellowHeart LLC
• TSB Gaming Ltd.
• Larva Labs
• SuperRare Labs
• Mintbase Inc.
• Sorare SAS
• Solanart
• Gala Inc.
• Animoca Brands Corporation Ltd.
• AppDupe
• KnownOrigin Labs Limited
What Are The Key Trends In The Non-fungible Token Global Market Report 2025?
Key trends in the forecast period include:
• Advancements in blockchain technology
• Development of the metaverse
• Increased brand partnerships and collaborations
• Enhanced royalty and resale mechanisms
What Are The Segments Of The Global Non-fungible Token Global Market Report 2025?
The global non-fungible token market report 2024 covers the following segments:
• By Type: Art, Collectibles, Gaming, Metaverses, Sports, Utilities, Other Types
• By Market type: Primary, Secondary
• By Cryptocurrency Usage: ETH, DAI, MANA, SAND, REVV, MATIC, CUBE, FOAM, Other Cryptocurrencies
Which Region Leads The Non-fungible Token Global Market Report 2025?
In 2024, North America stood as the largest region in the non-fungible token market, while the forecast period expects the Asia-Pacific region to be the fastest-growing sector. The other regions included in this market report are Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Non-fungible Token Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Non-fungible Token Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Non-fungible Token Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Non-fungible Token Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Non-fungible Token Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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