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NFT Art Market: Regaining Its Glory | Sorare, Aptos, Coinbase

NFT Art Market

According to HTF MI, “Global NFT Art Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030″. The Global NFT Art Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2030, reaching USD 2.6 Billion in 2024 and USD 18 Billion by 2030.

NFT (Non-Fungible Token) art market refers to the market for digital artwork that is authenticated and verified using blockchain technology. NFTs are unique digital tokens that represent ownership and authenticity of a particular piece of digital art. They use blockchain technology to create a permanent and verifiable record of ownership and provenance.

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Key and developing players who have been highlighted as part of the coverage include Sorare (France), Aptos (United States), Coinbase (United States), Ava Labs (United States), Live Bash (Chicago), Invaluable (United States), Uniswap Labs (New York), Fortress Trust (United States), Autograph (Santa Monica), RECUR (United States).

The NFT (Non-Fungible Token) art market refers to the segment of the digital art industry that involves the creation, sale, and exchange of digital artworks using blockchain technology to authenticate and track ownership. In this market, artists create unique digital artworks, which are then tokenized as NFTs on blockchain platforms, such as Ethereum. Each NFT represents ownership of a specific digital asset and is stored on a decentralized ledger, providing proof of authenticity, provenance, and ownership history.

Factors driving the growth of the NFT art market include increasing interest in digital art, the ability for artists to reach global audiences without intermediaries, the scarcity and uniqueness conferred by NFTs, and the potential for artists to receive royalties from secondary sales of their NFTs. Additionally, the popularity of blockchain technology and the rise of cryptocurrency have contributed to the mainstream adoption of NFT art as a new form of artistic expression and investment.

 

Market Drivers

  • Increasing Popularity between the Individual Artist

Market Trend

  • Growing Digital Innovation over the Globe

Market Opportunities

  • Growing Adoption from Artist

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Key Market Segmentation:

The report has categorized the NFT Art market based on type, distribution channel, and region.


Market Breakdown by Applications: 

  • Sculptures, Prints, Digital Art, Photography, Video Art, Others

Market Breakdown by Types:

  • Photos, Videos, Music, Paintings & Others


Report Scope

The Market size value in 2024 (USD 2.6 Billion)

Revenue Forecast by 2033 (USD 18 Billion)
Growth Rate CAGR Of  (5.2%)

Historical Years (2019-2023)
Base Year (2023)
Estimated Year (2024)
Short-Term Projection Year (2030)

Regions Covered (North America, Europe, the Middle East and Africa, Latin America, and the rest of the world)


Note:
With the help of the Growth Overview Charts, Historical Period Analysis, Forecast Period Analysis, Main Market Segmentation, Leading Key Market Players, TOC, List of Figures, and List of Tables in this report, you can get a thorough overview of the market.

Competitive Landscape:

Along with studying the profiles of the key players, the industry’s competitive environment has also been examined. Players profiled are Sorare (France), Aptos (United States), Coinbase (United States), Ava Labs (United States), Live Bash (Chicago), Invaluable (United States), Uniswap Labs (New York), Fortress Trust (United States), Autograph (Santa Monica), RECUR (United States)


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Key highlights of the report:                                                    

  • NFT Art Market Performance (2019-2023)
  • NFT Art Market Outlook (2024-2030)
  • NFT Art Market Trends
  • NFT Art Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

We will supply any particular information you need as part of the modification if it falls outside the present purview of the report.

 

About Author:

HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.

 

Contact Us:

Nidhi Bhavsar (PR & Marketing Manager)

HTF Market Intelligence Consulting Private Limited

Phone:  +15075562445

sales@htfmarketintelligence.com

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