Prediction: NFT market to grow by more than 350% by 2027
According to analysts at MarketsandMarkets, the non-fungible tokens market size will increase from $3 billion to $13,6 billion
07.05.2022 - 09:10
566
1 min
0
What’s new? The global NFT market size may grow from $3 billion in 2022 to $13,6 billion by 2027 (by more than 350%). In this, a compound annual growth rate (CAGR) will be 35% over 5 years. These are the conclusions reached by analysts at MarketsandMarkets during research.
What will affect the growth of the market? Experts believe that the spread of NFTs will be facilitated by the influence of celebrities, the revolution in the gaming industry, as well as the slow but steady growth in demand for digital artworks. Asia Pacific will grow at the highest CAGR during the forecast period.
What is known about MarketsandMarkets? The company specializes in business research of high-growth markets, organizations, cutting-edge technologies, and new applications. It serves 7500 clients worldwide, including 80% of international companies of the Fortune 1000.
What events happened before? In March, Grand View Research, an analytical company, published a report stating that the volume of the metaverse market would reach $678,8 billion by 2030. The cumulative average annual growth rate over the decade was projected to be 39,4%. The analysts believe that metaverses will become a major part of the entertainment industry in the future.
Useful material?
Telegram 
Twitter Market
Earlier, Trump promised to include the first cryptocurrency in the country’s reserves if re-elected as president
Nov 7, 2024
Incidents
According to the publication, the platform’s activities fall under the definition of gambling
Nov 7, 2024
Market
According to the founder of TRON, the leading US crypto exchange asked for several hundred million dollars for the listing of TRX
Nov 4, 2024
Incidents
The company conducted fictitious trading for six years to inflate the trading volume of tokens of several companies, receiving payment for these services
Nov 1, 2024
Market
1,5 million addresses have already left applications
Oct 31, 2024
Business
The company began investing in bitcoin in 2020, and since then, the value of its securities has risen by 1700%
Oct 30, 2024
Cryptocurrency rates
-
Bitcoin
$75 917
BTC
+1.35%
-
Ethereum
$2 903.38
ETH
+2.08%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$0.550143
XRP
-1.57%
-
Dogecoin
$0.19477
DOGE
-0.4%
-
Cardano
$0.421958
ADA
+13.22%
-
Bitcoin Cash
$377.12
BCH
-0.39%
-
Polkadot
$4.16
DOT
+0.11%
-
Litecoin
$71.2
LTC
+0.05%
-
Stellar XLM
$0.101732
XLM
+2.74%