Global Non-Fungible Token(NFT) Market Growth (Status and Outlook) 2023-2029

Global Non-Fungible Token(NFT) Market Growth (Status and Outlook) 2023-2029

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, event tickets, and virtual assets such as images, music, and game props.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, event tickets, and virtual assets such as images, music, and game props.
LPI (LP Information)' newest research report, the “Non-Fungible Token(NFT) Industry Forecast” looks at past sales and reviews total world Non-Fungible Token(NFT) sales in 2022, providing a comprehensive analysis by region and market sector of projected Non-Fungible Token(NFT) sales for 2023 through 2029. With Non-Fungible Token(NFT) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Non-Fungible Token(NFT) industry.
This Insight Report provides a comprehensive analysis of the global Non-Fungible Token(NFT) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Non-Fungible Token(NFT) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Non-Fungible Token(NFT) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Non-Fungible Token(NFT) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Non-Fungible Token(NFT).
The global Non-Fungible Token(NFT) market size is projected to grow from US$ 1556 million in 2022 to US$ 6580.2 million in 2029; it is expected to grow at a CAGR of 22.9% from 2023 to 2029.
Global key non-fungible token (NFT) players include Larva Labs, OpenSea, Sky Mavis etc. The top 3 companies hold a share over 55%. North America is the largest market, with a share about 32%, followed by Asia-Pacific and Europe with the share about 30% and 27%. In terms of product, art and collectible is the largest segment, with a share about 70%. And in terms of application, the largest application is primary market, followed by secondary market.
This report presents a comprehensive overview, market shares, and growth opportunities of Non-Fungible Token(NFT) market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Art & Collectible
Game
Others
Segmentation by application
Primary Market
Secondary Market
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
OpenSea
Larva Labs
Sky Mavis
Dapper Labs
Decentraland
Yuga Labs
SandBox
Sorare
Solanart
SuperRare
Gala Games
Foundation
Rarible
MOBOX
MakersPlace

Please note: The report will take approximately 2 business days to prepare and deliver.