NFT Current Market.
The global NFT market size is valued at
NFT Trends.
2020: According to a report by NonFungible.com, the NFT market grew by more than 299% in 2020, with a total trading volume of over $250 million.
2021: This growth has continued in 2021, with some high-profile NFT sales fetching millions of
NFT Forecast.
NFT is expected to grow at a compound annual growth rate (CAGR) of 38.4% from 2021 to 2028.
Source: According to a report by Grand View Research By 2025, the NFT market size is expected to be around $4.5 billion.
The market potential of NFTs is driven by several factors, including:
1.Unique ownership: NFTs allow creators to prove ownership of unique digital assets, creating a new market for digital art and other creative content.
2.Scarcity and rarity: NFTs can be created in limited editions, making them rare and valuable to collectors.
3.Secondary market potential: NFTs can be resold in secondary markets, creating new revenue streams for creators and investors.
4.Versatility: NFTs can represent a wide range of digital assets, from virtual real estate to in-game items, making them versatile and adaptable to different markets.
