Previous business models relied on expensive and sluggish intermediaries to build confidence between two parties who don't trust each other.Īdvancements in DLTs led to the creation of concepts that could simplify and reduce the cost of exchanging value. Market Forecast Outlook (2022-2032)ĭistributed ledger technologies (DLTs) – Blockchain - is a new type of technology that is posing a threat to traditional business practices.
Sales Analysis of Non-Fungible Tokens (2017-2021) Vs. United States Market Growth Rate (2022-2032) Non-Fungible Token (NFT) Market Size (2021A)Īsia Pacific Market Growth Rate (2022-2032) Worldwide revenue from non-fungible tokens is predicted to grow nearly 12X by 2032, reaching a market valuation of US$ 316.7 billion. The global non-fungible token (NFT) market witnessed soaring growth in 2021 with worldwide revenue up 27,759% year-over-year.
Non-Fungible Token (NFT) Market Outlook (2022-2032)