Latest Market Research Report 2025

  Non-fungible Token Industry Overview The global  non-fungible token market size was estimated at USD 26.9 billion in 2023  and is expected to grow at a compound annual growth rate (CAGR) of 34.5% from 2024 to 2030.   non-fungible token (NFTs) are assets that have been tokenized via a blockchain. These unique cryptographic tokens that exist on the blockchain cannot be replicated, and they can represent individual identities, property rights, and more. The rising adoption of cryptocurrencies, growing traction around Web 3.0, metaverse, and decentralized finance, and increasing popularity of non-fungible token marketplaces are contributing to the market’s growth.   Gather more insights about the market drivers, restrains and growth of the   Non-fungible Token Market The rising demand for low-cost digital currency payment systems is driving the adoption of cryptocurrencies. With the rising adoption of cryptocurrencies, investors are looking for ways...

  Non-fungible Token Industry Overview The global non-fungible token market size was valued at USD 15.54 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 33.9% from 2022 to 2030. The growth can be attributed to the increasing demand for NFTs worldwide due to their uniqueness, individuality, and transparency, among other features. NFTs are indivisible and cannot be distributed among multiple owners. This ownership advantage offered by NFTs ensures that the buyers are safe from fake NFTs (non-fungible tokens). Ethereum is the most common token standard used for NFTs. Typically, ERC-1155 and ERC-721 token standards are widely used to create NFTs. Other than Ethereum, blockchains such as Flow, EOS, and Tezos also offer token standards for developing NFTs. Moreover, the impending shift of Ethereum from proof-of-work to the proof-of-stake system is expected to reduce the energy consumption of its blockchain by 99%. Thus the use of Ethereum token is ex...