![Global Non-Fungible Tokens (NFTs) Market](https://res.cloudinary.com/devmoveo/image/upload/v1704975768/skyquest/report/phpPpqc2i.jpg)
Report ID: SQMIG45D2033
Report ID:
SQMIG45D2033 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
92 |
Figures:
76
Global non-fungible token (NFT) market is highly fragmented and numerous vendors are competing with each other by using growth strategies such as partnerships, mergers, and acquisitions to strengthen their market position. For instance, in March 2022, LimeWire announced a partnership with Algorand, a blockchain cryptocurrency platform based on proof-of-stake. The former company will employ Algorand as the foundation of its NFT marketplace as a result of this collaboration. Non-Fungible Token Market participants are also working to improve their product offerings in order to better adapt to changing user wants and remain competitive. As a result, they have started spending heavily on R&D activities to integrate new technology into NFTs. Furthermore, firms are cooperating with institutions all over the world to assist technical development, academic research, and innovation in blockchain technology, adding fuel to the global non-fungible token (NFT) market.
Non-Fungible Token Market Top Player’s Company Profiles
Non-Fungible Token Market
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REQUEST FREE CUSTOMIZATIONNon-Fungible Tokens (NFTs) Market size was valued at USD 16 billion in 2019 and is poised to grow from USD 21.39 billion in 2023 to USD 212 billion by 2031, growing at a CAGR of 33.7% in the forecast period (2024-2031).
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Report ID: SQMIG45D2033