Global Non-fungible Token (NFT) market size reached USD 50.10 Billion in 2021 and is expected to register a revenue CAGR of 10.7%, during the forecast period, according to latest analysis by Emergen Research. Rapid traction of metaverse and rising demand for decentralized marketplaces are some key factors driving global non-fungible token market revenue growth. Rising use of NFT for domain name ownership is also expected to boost revenue growth of the market to a significant extent. Owners of blockchain domains can use private keys to manage respective domains.

The latest research report, titled ‘Global Non fungible Token Market’, can be considered a profound analysis of the global Non fungible Token industry that focuses on crucial data and information pertaining to the sales and revenue shares. The market evaluations over the forecast years are based on a comprehensive analysis of the leading market segments, such as product type outlook, application continuum, regional overview, and competitive landscape of the global Non fungible Token market. The report offers a holistic coverage of the Non fungible Token market,

The standard Domain Name Service (DNS) is controlled by the Internet Corporation for Assigned Names and Numbers (ICANN), and there is very minimal supervision of such domains. Censorship and security issues are raised as a result of this. Blockchain domain names are permanently recorded in a public registry and it can be erased or changed by a third party, which helps to mitigate such concerns. Blockchain domain NFTs allow for quick trading and customizable domain names. The Ethereum Name Service (ENS) and Unstoppable Domains, which are decentralized solutions to the conventional DNS, allows crypto-addresses similar to an Instagram or Twitter handle, yet every name has to be distinct. While Instagram and Twitter users cannot sell their usernames, ENS and Unstoppable Domains enable users to purchase and sell crypto-addresses.

To receive a sample of the global Non fungible Token market report, click here @ https://www.emergenresearch.com/request-sample/892

Global Non fungible Token Market Report - Segmental Analysis:

The global Non fungible Token business vertical has been extensively categorized on the basis of product type, application gamut, end-user industries, and a competitive overview. The report inspects the current market scenario, its past performance, demand and supply ratios, production and consumption rates, sales, and numerous growth opportunities available in the market. It further estimates the prospective growth of the leading regional segments of the market, which is beneficial for readers to gain impactful insights into the Non fungible Token business sector. A clear outline of the competitive landscape of the market is expected to help businesses involved in this sector decipher the optimal business moves to reach their desired business goals.

Emergen Research has segmented the global non-fungible token market on the basis of type, application, end-use, and region:

Type Outlook (Revenue, USD Billion; 2019–2030)

• Physical Asset
• Digital Asset

Application Outlook (Revenue, USD Billion; 2019–2030)

• Collectibles
  1. Video Clip
  2. Audio Clip
  3. Gamification
  4. Others
• Art
  1. Pixel Art
  2. Fractal/Algorithmic Art
  3. Computer Generated Painting
  4. 2D/3D Painting
  5. 2D/3D Computer Graphics
  6. GIFs
  7. Others
• Gaming
  1. Trading Card Game (TCG)
  2. Video Game
  3. Strategy Role Playing Game (RPG)
  4. Others
• Utilities
  1. Tickets
  2. Domain Names
  3. Assets Ownership
• Metaverse
• Sport
• Others

End-Use Outlook (Revenue, USD Billion; 2019–2030)

• Personal
• Commercial

Key Geographies Profiled in the Report:

• N