Non-Fungible Token (NFT) Market Insights, Global Outlook and Forecast 2022-2028
Non-Fungible Token (NFT) Market Insights, Global Outlook and Forecast 2022-2028
Insights into the Non Fungible Token (NFT) Market include supply chain optimization, Non Fungible Token (NFT) challenges, and growth forecasts segmented by region and service type.
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Non-Fungible Token (NFT) is a kind of encrypted digital equity certificate based on blockchain technology that cannot be copied, tampered with, or divided. It can be understood as a decentralized “virtual asset”. Or the digital ownership certificate of the physical asset". From a technical perspective, NFTs are issued in the form of smart contracts. A smart contract can issue one or more NFT assets, including physical assets such as physical collections, event tickets, and virtual assets such as images, music, and game props. NFT is a reliable proof of the authenticity and ownership of digital assets. The statistical scope of this report is the revenue obtained by platforms or Operators through providing services for NFT transactions.
The latest research study released by Market IntelliX evaluates market size and forecasts of Non-Fungible Token (NFT) in Global, including the following market information:
Global Non-Fungible Token (NFT) Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Non-Fungible Token (NFT) market was valued at 1949.3 million in 2021 and is projected to reach US$ 5902.7 million by 2028, at a CAGR of 17.1% during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Art and Collectible Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Non-Fungible Token (NFT) include Larva Labs, Dapper Labs, Sky Mavis, SandBox, Decentraland, Sorare, Rarible, SuperRare and OpenSea, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MI has surveyed the Non-Fungible Token (NFT) companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Market Segmentations:
Global Non-Fungible Token (NFT) Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Non-Fungible Token (NFT) Market Segment Percentages, by Type, 2021 (%)
Art and Collectible
Game
Others
Global Non-Fungible Token (NFT) Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Non-Fungible Token (NFT) Market Segment Percentages, by Application, 2021 (%)
Primary Market
Secondary Market
Global Non-Fungible Token (NFT) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Non-Fungible Token (NFT) Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Non-Fungible Token (NFT) revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Non-Fungible Token (NFT) revenues share in global market, 2021 (%)
The report presents profiles of competitors in the market Some of the prominent key players covered:
Larva Labs
Dapper Labs
Sky Mavis
SandBox
Decentraland
Sorare
Rarible
SuperRare
OpenSea
Foundation
MakersPlace
Solanart
Key Takeaways from this Report
Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
Analyze the sales and distribution channels across key geographies to improve top-line revenues.
Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
1 Introduction to Research & Analysis Reports
1.1 Non-Fungible Token (NFT) Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Non-Fungible Token (NFT) Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Non-Fungible Token (NFT) Overall Market Size
2.1 Global Non-Fungible Token (NFT) Market Size: 2021 VS 2028
2.2 Global Non-Fungible Token (NFT) Market Size, Prospects & Forecasts: 2017-2028
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top Non-Fungible Token (NFT) Players in Global Market
3.2 Top Global Non-Fungible Token (NFT) Companies Ranked by Revenue
3.3 Global Non-Fungible Token (NFT) Revenue by Companies
3.4 Top 3 and Top 5 Non-Fungible Token (NFT) Companies in Global Market, by Revenue in 2021
3.5 Global Companies Non-Fungible Token (NFT) Product Type
3.6 Tier 1, Tier 2 and Tier 3 Non-Fungible Token (NFT) Players in Global Market
3.6.1 List of Global Tier 1 Non-Fungible Token (NFT) Companies
3.6.2 List of Global Tier 2 and Tier 3 Non-Fungible Token (NFT) Companies
4 Market Sights by Product
4.1 Overview
4.1.1 by Type - Global Non-Fungible Token (NFT) Market Size Markets, 2021 & 2028
4.1.2 Art and Collectible
4.1.3 Game
4.1.4 Others
4.2 By Type - Global Non-Fungible Token (NFT) Revenue & Forecasts
4.2.1 By Type - Global Non-Fungible Token (NFT) Revenue, 2017-2022
4.2.2 By Type - Global Non-Fungible Token (NFT) Revenue, 2023-2028
4.2.3 By Type - Global Non-Fungible Token (NFT) Revenue Market Share, 2017-2028
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Non-Fungible Token (NFT) Market Size, 2021 & 2028
5.1.2 Primary Market
5.1.3 Secondary Market
5.2 By Application - Global Non-Fungible Token (NFT) Revenue & Forecasts
5.2.1 By Application - Global Non-Fungible Token (NFT) Revenue, 2017-2022
5.2.2 By Application - Global Non-Fungible Token (NFT) Revenue, 2023-2028
5.2.3 By Application - Global Non-Fungible Token (NFT) Revenue Market Share, 2017-2028
6 Sights by Region
6.1 By Region - Global Non-Fungible Token (NFT) Market Size, 2021 & 2028
6.2 By Region - Global Non-Fungible Token (NFT) Revenue & Forecasts
6.2.1 By Region - Global Non-Fungible Token (NFT) Revenue, 2017-2022
6.2.2 By Region - Global Non-Fungible Token (NFT) Revenue, 2023-2028
6.2.3 By Region - Global Non-Fungible Token (NFT) Revenue Market Share, 2017-2028
6.3 North America
6.3.1 By Country - North America Non-Fungible Token (NFT) Revenue, 2017-2028
6.3.2 US Non-Fungible Token (NFT) Market Size, 2017-2028
6.3.3 Canada Non-Fungible Token (NFT) Market Size, 2017-2028
6.3.4 Mexico Non-Fungible Token (NFT) Market Size, 2017-2028
6.4 Europe
6.4.1 By Country - Europe Non-Fungible Token (NFT) Revenue, 2017-2028
6.4.2 Germany Non-Fungible Token (NFT) Market Size, 2017-2028
6.4.3 France Non-Fungible Token (NFT) Market Size, 2017-2028
6.4.4 U.K. Non-Fungible Token (NFT) Market Size, 2017-2028
6.4.5 Italy Non-Fungible Token (NFT) Market Size, 2017-2028
6.4.6 Russia Non-Fungible Token (NFT) Market Size, 2017-2028
6.4.7 Nordic Countries Non-Fungible Token (NFT) Market Size, 2017-2028
6.4.8 Benelux Non-Fungible Token (NFT) Market Size, 2017-2028
6.5 Asia
6.5.1 By Region - Asia Non-Fungible Token (NFT) Revenue, 2017-2028
6.5.2 China Non-Fungible Token (NFT) Market Size, 2017-2028
6.5.3 Japan Non-Fungible Token (NFT) Market Size, 2017-2028
6.5.4 South Korea Non-Fungible Token (NFT) Market Size, 2017-2028
6.5.5 Southeast Asia Non-Fungible Token (NFT) Market Size, 2017-2028
6.5.6 India Non-Fungible Token (NFT) Market Size, 2017-2028
6.6 South America
6.6.1 By Country - South America Non-Fungible Token (NFT) Revenue, 2017-2028
6.6.2 Brazil Non-Fungible Token (NFT) Market Size, 2017-2028
6.6.3 Argentina Non-Fungible Token (NFT) Market Size, 2017-2028
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Non-Fungible Token (NFT) Revenue, 2017-2028
6.7.2 Turkey Non-Fungible Token (NFT) Market Size, 2017-2028
6.7.3 Israel Non-Fungible Token (NFT) Market Size, 2017-2028
6.7.4 Saudi Arabia Non-Fungible Token (NFT) Market Size, 2017-2028
6.7.5 UAE Non-Fungible Token (NFT) Market Size, 2017-2028
7 Players Profiles
7.1 Larva Labs
7.1.1 Larva Labs Corporate Summary
7.1.2 Larva Labs Business Overview
7.1.3 Larva Labs Non-Fungible Token (NFT) Major Product Offerings
7.1.4 Larva Labs Non-Fungible Token (NFT) Revenue in Global Market (2017-2022)
7.1.5 Larva Labs Key News
7.2 Dapper Labs
7.2.1 Dapper Labs Corporate Summary
7.2.2 Dapper Labs Business Overview
7.2.3 Dapper Labs Non-Fungible Token (NFT) Major Product Offerings
7.2.4 Dapper Labs Non-Fungible Token (NFT) Revenue in Global Market (2017-2022)
7.2.5 Dapper Labs Key News
7.3 Sky Mavis
7.3.1 Sky Mavis Corporate Summary
7.3.2 Sky Mavis Business Overview
7.3.3 Sky Mavis Non-Fungible Token (NFT) Major Product Offerings
7.3.4 Sky Mavis Non-Fungible Token (NFT) Revenue in Global Market (2017-2022)
7.3.5 Sky Mavis Key News
7.4 SandBox
7.4.1 SandBox Corporate Summary
7.4.2 SandBox Business Overview
7.4.3 SandBox Non-Fungible Token (NFT) Major Product Offerings
7.4.4 SandBox Non-Fungible Token (NFT) Revenue in Global Market (2017-2022)
7.4.5 SandBox Key News
7.5 Decentraland
7.5.1 Decentraland Corporate Summary
7.5.2 Decentraland Business Overview
7.5.3 Decentraland Non-Fungible Token (NFT) Major Product Offerings
7.5.4 Decentraland Non-Fungible Token (NFT) Revenue in Global Market (2017-2022)
7.5.5 Decentraland Key News
7.6 Sorare
7.6.1 Sorare Corporate Summary
7.6.2 Sorare Business Overview
7.6.3 Sorare Non-Fungible Token (NFT) Major Product Offerings
7.6.4 Sorare Non-Fungible Token (NFT) Revenue in Global Market (2017-2022)
7.6.5 Sorare Key News
7.7 Rarible
7.7.1 Rarible Corporate Summary
7.7.2 Rarible Business Overview
7.7.3 Rarible Non-Fungible Token (NFT) Major Product Offerings
7.7.4 Rarible Non-Fungible Token (NFT) Revenue in Global Market (2017-2022)
7.7.5 Rarible Key News
7.8 SuperRare
7.8.1 SuperRare Corporate Summary
7.8.2 SuperRare Business Overview
7.8.3 SuperRare Non-Fungible Token (NFT) Major Product Offerings
7.8.4 SuperRare Non-Fungible Token (NFT) Revenue in Global Market (2017-2022)
7.8.5 SuperRare Key News
7.9 OpenSea
7.9.1 OpenSea Corporate Summary
7.9.2 OpenSea Business Overview
7.9.3 OpenSea Non-Fungible Token (NFT) Major Product Offerings
7.9.4 OpenSea Non-Fungible Token (NFT) Revenue in Global Market (2017-2022)
7.9.5 OpenSea Key News
7.10 Foundation
7.10.1 Foundation Corporate Summary
7.10.2 Foundation Business Overview
7.10.3 Foundation Non-Fungible Token (NFT) Major Product Offerings
7.10.4 Foundation Non-Fungible Token (NFT) Revenue in Global Market (2017-2022)
7.10.5 Foundation Key News
7.11 MakersPlace
7.11.1 MakersPlace Corporate Summary
7.11.2 MakersPlace Business Overview
7.11.3 MakersPlace Non-Fungible Token (NFT) Major Product Offerings
7.11.4 MakersPlace Non-Fungible Token (NFT) Revenue in Global Market (2017-2022)
7.11.5 MakersPlace Key News
7.12 Solanart
7.12.1 Solanart Corporate Summary
7.12.2 Solanart Business Overview
7.12.3 Solanart Non-Fungible Token (NFT) Major Product Offerings
7.12.4 Solanart Non-Fungible Token (NFT) Revenue in Global Market (2017-2022)
7.12.5 Solanart Key News
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
List of Tables
Table 1. Non-Fungible Token (NFT) Market Opportunities & Trends in Global Market
Table 2. Non-Fungible Token (NFT) Market Drivers in Global Market
Table 3. Non-Fungible Token (NFT) Market Restraints in Global Market
Table 4. Key Players of Non-Fungible Token (NFT) in Global Market
Table 5. Top Non-Fungible Token (NFT) Players in Global Market, Ranking by Revenue (2021)
Table 6. Global Non-Fungible Token (NFT) Revenue by Companies, (US$, Mn), 2017-2022
Table 7. Global Non-Fungible Token (NFT) Revenue Share by Companies, 2017-2022
Table 8. Global Companies Non-Fungible Token (NFT) Product Type
Table 9. List of Global Tier 1 Non-Fungible Token (NFT) Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Non-Fungible Token (NFT) Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 11. By Type – Global Non-Fungible Token (NFT) Revenue, (US$, Mn), 2021 & 2028
Table 12. By Type - Non-Fungible Token (NFT) Revenue in Global (US$, Mn), 2017-2022
Table 13. By Type - Non-Fungible Token (NFT) Revenue in Global (US$, Mn), 2023-2028
Table 14. By Application – Global Non-Fungible Token (NFT) Revenue, (US$, Mn), 2021 & 2028
Table 15. By Application - Non-Fungible Token (NFT) Revenue in Global (US$, Mn), 2017-2022
Table 16. By Application - Non-Fungible Token (NFT) Revenue in Global (US$, Mn), 2023-2028
Table 17. By Region – Global Non-Fungible Token (NFT) Revenue, (US$, Mn), 2021 & 2028
Table 18. By Region - Global Non-Fungible Token (NFT) Revenue (US$, Mn), 2017-2022
Table 19. By Region - Global Non-Fungible Token (NFT) Revenue (US$, Mn), 2023-2028
Table 20. By Country - North America Non-Fungible Token (NFT) Revenue, (US$, Mn), 2017-2022
Table 21. By Country - North America Non-Fungible Token (NFT) Revenue, (US$, Mn), 2023-2028
Table 22. By Country - Europe Non-Fungible Token (NFT) Revenue, (US$, Mn), 2017-2022
Table 23. By Country - Europe Non-Fungible Token (NFT) Revenue, (US$, Mn), 2023-2028
Table 24. By Region - Asia Non-Fungible Token (NFT) Revenue, (US$, Mn), 2017-2022
Table 25. By Region - Asia Non-Fungible Token (NFT) Revenue, (US$, Mn), 2023-2028
Table 26. By Country - South America Non-Fungible Token (NFT) Revenue, (US$, Mn), 2017-2022
Table 27. By Country - South America Non-Fungible Token (NFT) Revenue, (US$, Mn), 2023-2028
Table 28. By Country - Middle East & Africa Non-Fungible Token (NFT) Revenue, (US$, Mn), 2017-2022
Table 29. By Country - Middle East & Africa Non-Fungible Token (NFT) Revenue, (US$, Mn), 2023-2028
Table 30. Larva Labs Corporate Summary
Table 31. Larva Labs Non-Fungible Token (NFT) Product Offerings
Table 32. Larva Labs Non-Fungible Token (NFT) Revenue (US$, Mn), (2017-2022)
Table 33. Dapper Labs Corporate Summary
Table 34. Dapper Labs Non-Fungible Token (NFT) Product Offerings
Table 35. Dapper Labs Non-Fungible Token (NFT) Revenue (US$, Mn), (2017-2022)
Table 36. Sky Mavis Corporate Summary
Table 37. Sky Mavis Non-Fungible Token (NFT) Product Offerings
Table 38. Sky Mavis Non-Fungible Token (NFT) Revenue (US$, Mn), (2017-2022)
Table 39. SandBox Corporate Summary
Table 40. SandBox Non-Fungible Token (NFT) Product Offerings
Table 41. SandBox Non-Fungible Token (NFT) Revenue (US$, Mn), (2017-2022)
Table 42. Decentraland Corporate Summary
Table 43. Decentraland Non-Fungible Token (NFT) Product Offerings
Table 44. Decentraland Non-Fungible Token (NFT) Revenue (US$, Mn), (2017-2022)
Table 45. Sorare Corporate Summary
Table 46. Sorare Non-Fungible Token (NFT) Product Offerings
Table 47. Sorare Non-Fungible Token (NFT) Revenue (US$, Mn), (2017-2022)
Table 48. Rarible Corporate Summary
Table 49. Rarible Non-Fungible Token (NFT) Product Offerings
Table 50. Rarible Non-Fungible Token (NFT) Revenue (US$, Mn), (2017-2022)
Table 51. SuperRare Corporate Summary
Table 52. SuperRare Non-Fungible Token (NFT) Product Offerings
Table 53. SuperRare Non-Fungible Token (NFT) Revenue (US$, Mn), (2017-2022)
Table 54. OpenSea Corporate Summary
Table 55. OpenSea Non-Fungible Token (NFT) Product Offerings
Table 56. OpenSea Non-Fungible Token (NFT) Revenue (US$, Mn), (2017-2022)
Table 57. Foundation Corporate Summary
Table 58. Foundation Non-Fungible Token (NFT) Product Offerings
Table 59. Foundation Non-Fungible Token (NFT) Revenue (US$, Mn), (2017-2022)
Table 60. MakersPlace Corporate Summary
Table 61. MakersPlace Non-Fungible Token (NFT) Product Offerings
Table 62. MakersPlace Non-Fungible Token (NFT) Revenue (US$, Mn), (2017-2022)
Table 63. Solanart Corporate Summary
Table 64. Solanart Non-Fungible Token (NFT) Product Offerings
Table 65. Solanart Non-Fungible Token (NFT) Revenue (US$, Mn), (2017-2022)
List of Figures
Figure 1. Non-Fungible Token (NFT) Segment by Type in 2021
Figure 2. Non-Fungible Token (NFT) Segment by Application in 2021
Figure 3. Global Non-Fungible Token (NFT) Market Overview: 2021
Figure 4. Key Caveats
Figure 5. Global Non-Fungible Token (NFT) Market Size: 2021 VS 2028 (US$, Mn)
Figure 6. Global Non-Fungible Token (NFT) Revenue, 2017-2028 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Non-Fungible Token (NFT) Revenue in 2021
Figure 8. By Type - Global Non-Fungible Token (NFT) Revenue Market Share, 2017-2028
Figure 9. By Application - Global Non-Fungible Token (NFT) Revenue Market Share, 2017-2028
Figure 10. By Region - Global Non-Fungible Token (NFT) Revenue Market Share, 2017-2028
Figure 11. By Country - North America Non-Fungible Token (NFT) Revenue Market Share, 2017-2028
Figure 12. US Non-Fungible Token (NFT) Revenue, (US$, Mn), 2017-2028
Figure 13. Canada Non-Fungible Token (NFT) Revenue, (US$, Mn), 2017-2028
Figure 14. Mexico Non-Fungible Token (NFT) Revenue, (US$, Mn), 2017-2028
Figure 15. By Country - Europe Non-Fungible Token (NFT) Revenue Market Share, 2017-2028
Figure 16. Germany Non-Fungible Token (NFT) Revenue, (US$, Mn), 2017-2028
Figure 17. France Non-Fungible Token (NFT) Revenue, (US$, Mn), 2017-2028
Figure 18. U.K. Non-Fungible Token (NFT) Revenue, (US$, Mn), 2017-2028
Figure 19. Italy Non-Fungible Token (NFT) Revenue, (US$, Mn), 2017-2028
Figure 20. Russia Non-Fungible Token (NFT) Revenue, (US$, Mn), 2017-2028
Figure 21. Nordic Countries Non-Fungible Token (NFT) Revenue, (US$, Mn), 2017-2028
Figure 22. Benelux Non-Fungible Token (NFT) Revenue, (US$, Mn), 2017-2028
Figure 23. By Region - Asia Non-Fungible Token (NFT) Revenue Market Share, 2017-2028
Figure 24. China Non-Fungible Token (NFT) Revenue, (US$, Mn), 2017-2028
Figure 25. Japan Non-Fungible Token (NFT) Revenue, (US$, Mn), 2017-2028
Figure 26. South Korea Non-Fungible Token (NFT) Revenue, (US$, Mn), 2017-2028
Figure 27. Southeast Asia Non-Fungible Token (NFT) Revenue, (US$, Mn), 2017-2028
Figure 28. India Non-Fungible Token (NFT) Revenue, (US$, Mn), 2017-2028
Figure 29. By Country - South America Non-Fungible Token (NFT) Revenue Market Share, 2017-2028
Figure 30. Brazil Non-Fungible Token (NFT) Revenue, (US$, Mn), 2017-2028
Figure 31. Argentina Non-Fungible Token (NFT) Revenue, (US$, Mn), 2017-2028
Figure 32. By Country - Middle East & Africa Non-Fungible Token (NFT) Revenue Market Share, 2017-2028
Figure 33. Turkey Non-Fungible Token (NFT) Revenue, (US$, Mn), 2017-2028
Figure 34. Israel Non-Fungible Token (NFT) Revenue, (US$, Mn), 2017-2028
Figure 35. Saudi Arabia Non-Fungible Token (NFT) Revenue, (US$, Mn), 2017-2028
Figure 36. UAE Non-Fungible Token (NFT) Revenue, (US$, Mn), 2017-2028
Figure 37. Larva Labs Non-Fungible Token (NFT) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 38. Dapper Labs Non-Fungible Token (NFT) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 39. Sky Mavis Non-Fungible Token (NFT) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 40. SandBox Non-Fungible Token (NFT) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 41. Decentraland Non-Fungible Token (NFT) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 42. Sorare Non-Fungible Token (NFT) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 43. Rarible Non-Fungible Token (NFT) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 44. SuperRare Non-Fungible Token (NFT) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 45. OpenSea Non-Fungible Token (NFT) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 46. Foundation Non-Fungible Token (NFT) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 47. MakersPlace Non-Fungible Token (NFT) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 48. Solanart Non-Fungible Token (NFT) Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Research Methodology:
Non Fungible Token (NFT) Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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