The global non-fungible tokens (NFTs) market was valued at USD 24.78 billion in 2022 and is expected to grow at a robust CAGR of 32.6% during the forecast period.
The global non-fungible tokens (NFTs) market was valued at USD 24.78 billion in 2022 and is expected to grow at a robust CAGR of 32.6% during the forecast period. With the increasing acceptance of digital collectibles, expanding use cases across industries, and rising investor interest, the NFT ecosystem is witnessing unprecedented momentum. This surge is propelled by the convergence of blockchain innovation, tokenized asset trading, and the growing appetite for decentralized digital ownership. Market Overview Non-fungible tokens (NFTs) are unique digital assets that represent ownership of a specific item or piece of content, often verified on a blockchain network. Unlike fungible cryptocurrencies such as Bitcoin or Ethereum, NFTs cannot be exchanged on a one-to-one basis due to their distinct characteristics and values. NFTs gained significant public attention through the art and collectibles market, but their utility has expanded into music, gaming, sports, real es...