Global Non-fungible Token (NFT) market size reached USD 50.10 Billion in 2021 and is expected to register a revenue CAGR of 10.7%, during the forecast period, according to latest analysis by Emergen Research. Rapid traction of metaverse and rising demand for decentralized marketplaces are some key factors driving global non-fungible token market revenue growth. Rising use of NFT for domain name ownership is also expected to boost revenue growth of the market to a significant extent. Owners of blockchain domains can use private keys to manage respective domains.

The latest research report, titled ‘Global Non fungible Token Market’, can be considered a profound analysis of the global Non fungible Token industry that focuses on crucial data and information pertaining to the sales and revenue shares. The market evaluations over the forecast years are based on a comprehensive analysis of the leading market segments, such as product type outlook, application continuum, regional overview, and competitive landscape of the global Non fungible Token market. The report offers a holistic coverage of the Non fungible Token market,

The standard Domain Name Service (DNS) is controlled by the Internet Corporation for Assigned Names and Numbers (ICANN), and there is very minimal supervision of such domains. Censorship and security issues are raised as a result of this. Blockchain domain names are permanently recorded in a public registry and it can be erased or changed by a third party, which helps to mitigate such concerns. Blockchain domain NFTs allow for quick trading and customizable domain names. The Ethereum Name Service (ENS) and Unstoppable Domains, which are decentralized solutions to the conventional DNS, allows crypto-addresses similar to an Instagram or Twitter handle, yet every name has to be distinct. While Instagram and Twitter users cannot sell their usernames, ENS and Unstoppable Domains enable users to purchase and sell crypto-addresses.

To receive a sample of the global Non fungible Token market report, click here @ https://www.emergenresearch.com/request-sample/892

Global Non fungible Token Market Report - Segmental Analysis:

The global Non fungible Token business vertical has been extensively categorized on the basis of product type, application gamut, end-user industries, and a competitive overview. The report inspects the current market scenario, its past performance, demand and supply ratios, production and consumption rates, sales, and numerous growth opportunities available in the market. It further estimates the prospective growth of the leading regional segments of the market, which is beneficial for readers to gain impactful insights into the Non fungible Token business sector. A clear outline of the competitive landscape of the market is expected to help businesses involved in this sector decipher the optimal business moves to reach their desired business goals.

Emergen Research has segmented the global non-fungible token market on the basis of type, application, end-use, and region:

Type Outlook (Revenue, USD Billion; 2019–2030)

  • Physical Asset
  • Digital Asset

Application Outlook (Revenue, USD Billion; 2019–2030)

  • Collectibles
  1. Video Clip
  2. Audio Clip
  3. Gamification
  4. Others
Art
  1. Pixel Art
  2. Fractal/Algorithmic Art
  3. Computer Generated Painting
  4. 2D/3D Painting
  5. 2D/3D Computer Graphics
  6. GIFs
  7. Others
Gaming
  1. Trading Card Game (TCG)
  2. Video Game
  3. Strategy Role Playing Game (RPG)
  4. Others
Utilities
  1. Tickets
  2. Domain Names
  3. Assets Ownership
Metaverse Sport Others

End-Use Outlook (Revenue, USD Billion; 2019–2030)

  • Personal
  • Commercial

Key Geographies Profiled in the Report:

  • North America(the U.S., Mexico, and Canada)
  • Asia Pacific(China, Japan, India, and Rest of Asia Pacific)
  • Europe(the U.K., France, Germany, and Rest of Europe)
  • Latin America(Brazil and Rest of Latin America)
  • Middle East & Africa(GCC Countries and Rest of Middle East & Africa)

Get access to the full description of the report @ https://www.emergenresearch.com/industry-report/non-fungible-token-market

Competitive Outlook:

This section of the report performs a thorough investigation into the intensely competitive landscape of the global Non fungible Token market, highlighting the leading manufacturers, strategic initiatives adopted by them, the existing growth prospects, market positions, and market shares held by each participant.  The report further emphasizes the developmental strategies undertaken by these companies, including product innovation, new product launches, and technological upgradation. Moreover, the report studies the notable business events observed in this industry, such as mergers & acquisitions, joint ventures, partnerships, corporate deals, and brand promotions.  The key industry participants include:

YellowHeart, Cloudflare, Inc., PLBY Group, Inc., Dolphin Entertainment, Inc., Funko Inc., OpenSea (Ozone Networks, Inc.), Takung Art Co., Ltd., Dapper Labs, Inc., Nifty Gateway (Gemini Trust Company, LLC), and MakersPlace (Onchain Labs, Inc.)

Key Objectives of the Global Non fungible Token Market Report:

  • An all-inclusive analysis and forecast estimation of the market have been included in this report.
  • The report offers valuable insights into the major drivers, limitations, opportunities, and challenges faced by the global Non fungible Token market and its leading players.
  • The report sheds light on the prominent market contenders, as well as their business strategies and long-term expansion plans.

The report, additionally, presents a comprehensive analysis of the key elements of the Non fungible Token market that influence its growth over the projected timeline. These vital elements include the key drivers, constraints, opportunities, limitations, threats, and micro and macro-economic factors. The authors of the report have implemented a set of analytical tools, such as SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and investment return analysis, to offer strategic recommendations to the new entrants on how to overcome the entry-level barriers.

Request customization of the market report @ https://www.emergenresearch.com/request-for-customization/892

Thank you for reading our report. To know more about the report or for any queries regarding the customization of the report, please connect with us. We will make sure our team provides the necessary assistance and designs your report according to your requirements.

Read Our More Trending Reports at:

Optically Clear Adhesive Market

Small Caliber Ammunition Market

Metaverse market

Smart irrigation market

Ceramic fiber market

Acrylic resin market