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50+ KPIs on NFT Investments by Key Assets, Currencies and Sales Channels 2019-2028

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Dublin, Jan. 04, 2023 (GLOBE NEWSWIRE) — The report “Global NFT Market Intelligence and Future Growth Dynamics Databook – 50+ KPIs on NFT Investments by Key Assets, Currency, Sales Channels – Q2 2022” has been added to the report from ResearchAndMarkets.com offer.

The global NFT industry is expected to grow 51.0% on a yearly basis to reach US$46,157.4 million in 2022 globally.

The NFT industry is expected to grow steadily over the forecast period, registering a CAGR of 37.1% during the period 2022-2028. The value of NFT spending will grow from US$46,157.4 million in 2022 to US$278,475.3 million by 2028.

The NFT market has recently experienced significant growth. The NFT market is booming since NFTs are an innovation that establishes property rights in the digital realm for the first time, and this uniqueness is driving the value of NFTs.

The growing impact of celebrities on the adoption of NFT, the modernization of the gaming industry and the modest but steady increase in demand for digital artwork are all major elements propelling the rate of growth of the NFT. Additionally, as NFT startups continue to innovate and develop differentiated NFT products, it will further accelerate their global growth.

The NFT industry in the UK also enjoys government support. Notably, government support for the development of the NFT industry is a testament to the strong growth potential of the NFT market in the UK. The NFT space has gained traction with major institutions, including public and private. As the industry continues to see strong growth due to growing mainstream interest in digital assets, government institutions globally have their perception of NFTs.

In the UK, the government has taken a forward-looking approach by announcing its intention to create an NFT as it seeks to pave the way for crypto. In April 2022, the UK Finance Minister asked the Royal Mint to create and issue the NFT by summer. Additionally, the government has announced measures to subject digital assets to greater regulatory scrutiny. The publisher expects the forward-looking approach taken by the UK government to drive the next phase of growth for the NFT industry in the country.

The non-fungible token (NFT) market in Latin America has seen strong expansion over the past few years. Additionally, adoption by visual artists and some well-known names in the music industry is supporting the growth of the NFT industry in Brazil and Mexico. NFT marketplaces seek to tap the potential of the high-growth market. Hence, the companies are entering into strategic partnerships with Brazilian soccer players, who have millions of fans across the country and globally, seeking to boost their growth in the NFT market.

The emergence of NFTs has created a space for digital artists in the Asia-Pacific region and offered them a more careful way to reach inaccessible audiences. The NFT marketplace has given artists previously working with brands and agencies a more independent option, creating endless possibilities for them.

In India, many artists have sold their work on different NFT platforms, creating a new source of income. Several major Chinese companies have jumped on the NFT bandwagon. These include internet tech giants, blockchain startups, retail brands and art auction houses.

In the Middle East and Africa region, particularly in the United Arab Emirates, there has been an upswing in NFT-related activities. In 2022, Art Dubai – the largest contemporary art fair in the MENA region – hosted nearly 100 international and local art dealers and a digital collection of 17 platforms and galleries dedicated to showcasing and selling NFT . As more countries seek to impose strict regulatory measures on NFTs, there has been a notable increase in the buying, selling and creation of NFTs in the UAE.

Several innovative NFT marketplaces have also sprung up in the country, which has simplified the buying, selling and trading of NFTs for the general public. From NFT-based startups to cryptocurrency exchanges, several players are entering the NFT market from the Middle East and Africa; the presence of several NFT marketplaces has also supported the increase in the value and volume of NFT transactions, the trend is expected to accelerate globally

Some of the factors that have contributed to the popularity of NFTs among the general public include the tech-savvy nature of consumers and the high penetration rate of smartphones and the internet in the country.

The publisher expects the trend to continue over the next four to eight quarters as more players, including government, enter the NFT space. This will then lead to the popularity of NFTs among the general public, thereby supporting the overall growth of the market in the short to medium term.

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1 About this report
1.1 Summary
1.2 Methodology
1.3 NFT Definitions
1.4 Disclaimer

2 NFT Market Size and Future Growth Dynamics by Key Performance Indicators
2.1 NFT – Total Sales Expenditure Value Trend Analysis, 2019- 2028
2.2 NFT – Total Sales Expenditure Volume Trend Analysis, 2019- 2028
2.3 NFT – Average Value Per Transaction Trend Analysis, 2019-2028

3 NFT Market Size and Forecast by Key Assets
3.1 NFT Market Share by Key Assets (%), 2021 vs. 2028
3.2 NFT Collectibles and Art Trend Analysis, 2019-2028
3.3 NFT Real Estate Trend Analysis, 2019-2028
3.4 NFT Sports Trend Analysis, 2019-2028
3.5 NFT Game Trend Analysis, 2019-2028
3.6 NFT Utility Trend Analysis, 2019-2028
3.7 Analysis of Fashion and Luxury NFT Trends, 2019-2028
3.8 Trend Analysis of Other NFT Assets, 2019-2028

4 NFT Collectibles and Art Market Size and Forecast by Key Assets
4.1 NFT Collectibles and Art Market Share by Key Assets (%), 2021 vs. 2028
4.2 NFT Collectibles and Art Digital Art Spending Value Trend Analysis, 2019- 2028
4.3 NFT Collectibles and Art – Trend Analysis of Music and Soundtracks Expenditure Value, 2019- 2028
4.4 NFT Collectibles and Art – Video Spending Value Trend Analysis, 2019- 2028
4.5 NFT Collectibles and Art Memes and GIFs Spending Value Trend Analysis, 2019-2028
4.6 NFT Collectibles and Art – Other Asset Expenditure Value Trend Analysis, 2019- 2028

5 NFT Market Size and Forecast by Currency
5.1 NFT Market Share by Currency (%), 2021 vs. 2028
5.2 Ethereum NFT Coin Spending Value Trend Analysis, 2019-2028
5.3 Solana NFT Currency Spend Value Trend Analysis, 2019-2028
5.4 NFT Currency Avalanche Expenditure Value Trend Analysis, 2019-2028
5.5 NFT Currency Polygon Expenditure Value Trend Analysis, 2019-2028
5.6 NFT Currency BSC – Spending Value Trend Analysis, 2019-2028
5.7 NFT Currency Flow – Expenditure Value Trend Analysis, 2019-2028
5.8 NFT Currency WAX Spending Value Trend Analysis, 2019-2028
5.9 NFT Ronin Coin Spending Value Trend Analysis, 2019-2028
5.10 Other Currencies NFT Spending Value Trend Analysis, 2019-2028

6 NFT Market Size and Forecast by Major Sales Channels
6.1 NFT Market Share by Key Sales Channels (%), 2021 vs. 2028
6.2 NFT Primary Market – Spend Value Trend Analysis, 2019 – 2028
6.3 NFT Secondary Market – Spending Value Trend Analysis, 2019 – 2028

7 Further reading

For more information about this report visit https://www.researchandmarkets.com/r/icxlqf

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

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