Global Non-Fungible Tokens Market Overview: 2023-2028
Base Year: 2022
Historical Years: 2018-21
Forecast Years: 2023-2028
The Global Non-Fungible Tokens Market is projected to grow at a CAGR of around 34% during the forecast period, i.e., 2023-28.
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Global Non-Fungible Tokens Market Dynamics: 2023-2028
Global Non-Fungible Tokens Market Key Drivers:
Expansive Incorporation of NFTs by the Gaming Industry - The gaming sector is already developing games that will offer users the leverage of virtual assets to purchase and restore them. Every asset might possess its unique identifying code for trading or selling. For instance, an individual gamer can use non-fungible tokens to buy virtually any character, skins, properties, arms, and ammunition in the game. However, multiple games are still waiting to be onboard that might be witnessed taking into use the tokens. Altogether, this would create a center of attraction for more and more audiences and establish a true sense of entertainment along with progress. It will also encourage upcoming users to indulge and deeply dive into blockchain technology-based gaming experiences. Eventually, the large influx of such investments will revolutionize the gaming sectors, enabling the market to be worth progressing in the long run.
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Global Non-Fungible Tokens Market (2023-30): Segmentation Outlook
The market report has segmented the market into the following categories:
By Type
-Digital Asset
-Physical Asset
By Offering
-Business Strategy Formulation
-NFT Creation and Management
-NFT Platform - Market Place
By Application
-Collectibles
-Audio Clip
-Video Clip
-Gamification
-Art
-Fractal/Algorithmic Art
-Pixel Art
-Computer-Generated Painting
-2D/3D Computer Graphics
-2D/3D Painting
-GIFs
Gaming
-Video Game
-Trading Card Game (TCG)
-Strategy Role Playing Game (RPG)
-Utilities
-Domain Names
-Tickets
-Ownerships
-Sports
-Metaverse
By End User
-Commercial
-Personal
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific.
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Top Companies Operating in the Global Non-Fungible Tokens Market:
Cisco, Fireeye Inc., IBM, Manageengine [ZOHO], Netscout Systems, Niksun, Novetta Solutions, Opentext, Palo Alto Neworks, RSA Security, Solarwinds, Sonicwall, Symantec [Broadcom], Vectra AI, Viavi Solutions, Others [Graylog, Difose, etc].
Industry Recent Developments
- In March 2022, The Sandbox took the initiative and funded 25 million dollars to the World of Women, a first-of-its-kind NFT community. The motive of their funding was to turn up the representation of women in the spaces.
- In January 2022, the Canadian-based company Dapper Labs shook hands with the Ultimate Fighting Championship to introduce the world to their very owned NFT collectible product, UFC Strike. It was a highly projected initiative that aimed to commemorate and gather all the memorable moments that happened in the history of UFC.
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