The global non-fungible token (NFT) market size is estimated to grow by USD 84.13 billion from 2025-2029, according to Technavio.
The global non-fungible token (NFT) market is set to grow by USD 84.13 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 30.3% during the forecast period. Increasing demand for digital art is driving market growth, with a trend towards growing interest in NFTs among major brands. However, uncertainty in NFTs poses a challenge. Key market players include AirNFTs Platform, Asynchronous Art Inc., Axie Infinity, Binance Holdings Ltd., Blockchain App Factory, Celer Network, Chaincella, Decentraland Foundation, Enjin Pte. Ltd., Foundation Labs Inc., Funko Inc., Gemini Trust Co. LLC, Mintable.app, Ozone Networks Inc., Out The Mud Ventures Inc., Rarible Inc., Sky Mavis, SuperRare Labs Inc., Tiki Labs Inc., and Yellowheart LLC.
A recent study by Technavio has highlighted the impact of artificial intelligence (AI) on the non-fungible token (NFT) market. The study provides an in-depth analysis of how AI is driving market trends, shaping competitive dynamics, and influencing industry growth.
The NFT market has emerged as a蓬勃发展ing ecosystem for the creation, ownership, and trading of unique digital assets. These assets are represented by unique codes on a blockchain, denoting scarcity and ownership. The market has seen strong adoption by the gaming, media & entertainment, and sports industries, with investors, celebrities, and consumers showing interest in this decentralized finance (DeFi) space.
The Technavio analysis examines the market's growth drivers, challenges, and trends, considering factors such as the integration of augmented reality (AR) and extended reality (XR) technologies for enhancing the NFT experience. The study also highlights the role of the NFT community, online platforms, and third parties in shaping the future of this rapidly evolving market.
The study provides granular insights into the market's historic and forecast performance, covering key aspects such as revenue generation and growth momentum. It also offers a comprehensive overview of the competitive landscape, including an analysis of major players and their market shares.
In summary, the Technavio report on the NFT market offers a valuable and up-to-date assessment of the industry, catering to the needs of investors, traders, and other stakeholders interested in this dynamic and rapidly growing market.
