NFT Art Market May See Big Move :Major Giants Sorare, Aptos, Coinbase
According to HTF Market Intelligence, the Global NFT Art market to witness a CAGR of 5.2% during forecast period of 2023-2028. The market is segmented by Global NFT Art Market Breakdown by Type (Sculptures, Prints, Digital Art, Photography, Video Art, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The NFT Art market size is estimated to increase by USD 15.4 Billion at a CAGR of 5.2% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 2.6 Billion.
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Definition:
NFT (Non-Fungible Token) art market refers to the market for digital artwork that is authenticated and verified using blockchain technology. NFTs are unique digital tokens that represent ownership and authenticity of a particular piece of digital art. They use blockchain technology to create a permanent and verifiable record of ownership and provenance.
NFT Art market – Key Segment Analysis
The market share growth by the Growing Digital Innovation segment will be significant during the forecast period. The segment is driven by the Increasing Popularity between the Individual Artist.
NFT Art market – Competition Analysis
The global NFT Art market is seeing several joint ventures to intensify the capability of manufacturers and/or companies to establish geographic footprints to new territory. The vendors are accelerating M&A strategies to expand their geographical reach, which is shaping the market toward new growth cycle. The list of players that are profiled in the study are Sorare (France), Aptos (United States), Coinbase (United States), Ava Labs (United States), Live Bash (Chicago), Invaluable (United States), Uniswap Labs (New York), Fortress Trust (United States), Autograph (Santa Monica), RECUR (United States).
NFT Art market – Geographical Outlook
North America will provide maximum growth opportunities in NFT Art market. According to our research, the region will account for xx% of the global market growth during the forecast period. The market in North America is driven by Growing Digital Innovation over the Globe.
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What key data is demonstrated in this NFT Art market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the NFT Art market between 2023 and 2028
- Precise estimation of the size of the NFT Art market and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behaviour
- Value in dollar term and growth of the market industry across APAC, Europe, North America, South America, and Middle Eastand Africa; further broken down by major country within region.
- Thorough analysis of the market’s competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of NFT Art market players
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Some Extracts from Table of Content
Some Extracts from Table of Content
– Overview of NFT Art Market
– Market dynamics
Growth Drivers, Market Trends, Opportunities and Challenges
– Five Forces Analysis
Bargaining power of buyers, bargaining power of suppliers, Threat of new entrants, Threat of substitutes, Threat of rivalry
– NFT Art Size (USD & Sales Volume) Comparison by Type (2017-2028)
– NFT Art Size (USD & Consumption) and Market Share Comparison by Application (2017-2028)
– NFT Art Size (Value & Volume) Comparison by Region (2017-2028)
– Market Capacity, Production, Export-Import by Region (2017-2022E)
– NFT Art Market Sales, Revenue and Growth Rate (2017-2028)
– Competitive Situation and Trends
– Market Positioning and Share Analysis (2020-2022E)
– Suppliers High-Performance Operational Base Distribution
– Analyse competitors, Profiles, Sales Area, Product Category
– NFT Art Cost Analysis
– Marketing Strategy Analysis
– Research Conclusions
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