Non-fungible Token Market Regional Opportunities And Future Scope Report 2030
Non-fungible Token Market Growth & Trends The global non-fungible token market size is expected to reach USD 211.72 billion by 2030, growing at a CAGR of 34.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growing demand for digital art worldwide is one of the major factors driving the NFT (non-fungible token) market growth. Digital art is defined as the art that is displayed or created using digital technologies. Non-fungible Token Market Segmentation Grand View Research has segmented the global non-fungible token market based on type, application, end-use, and region: Based on the Type Insights, the market is segmented into Physical Asset and Digital Asset. The digital asset segment dominated the market in 2022 and accounted for more than 72.0% share of the global revenue. The increasing use of NFTs for securing ownership of digital assets by artists worldwide is expected to drive the segment growth. Artists can earn profits...