• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: World Liberty Financial Accuses Exchange Of Token Manipulation, Justin Sun Blacklisted
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: World Liberty Financial Accuses Exchange Of Token Manipulation, Justin Sun Blacklisted
NFT

The NFT Market Will Be Worth More Than $13 Billion By 2027 — Report

Christian Encila
by Christian Encila
3 years ago
·
Posted in Crypto News, metaverse, NFT
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

In recent years, non-fungible tokens (NFT) has emerged from obscurity to become a vital part of the broader cryptocurrency industry.

Analysts and market participants have forecast a prosperous future for the market in light of this new reality.

According to a recent MarketsandMarket research, the NFT market is poised for a 35 percent increase by 2027.

This means that the existing $3 billion market size will reach $13.6 billion by the end of that year based on the Compound Annual Growth Rate (CAGR) of 35.0% — if the interest among investors continues to grow.

Suggested Reading | Cryptocurrencies Won’t Save Russia From Dodging Sanctions, Moody’s Says

NFT Driving Forces

The growth of mainstream influencers, gaming communities, and the expanding demand for digital artworks will continue to be the driving forces behind the worldwide NFT boom over the next five years.

During the forecast period, the increasing influence of celebrities to fuel the momentum of NFT adoption, transforming the gaming sector, and the sluggish but persistent rise in demand for digital artworks are anticipated to drive the global NFT market.

In addition, the expanding applications of NFT in supply chain management, retail, and fashion, as well as the efforts of industry titans to make the metaverse a reality, would give NFT market providers with lucrative potential for personalization.

Level Playing Field

The non-fungible token market provides a level playing field for both buyers and sellers to flourish. With this, both buyers and sellers can profit substantially in many ways.

A further element that has contributed to the success of NFTs in China and other Asian nations is the resistance to cryptocurrencies.

Compared to other Asian nations, China has struggled to establish a legal framework for cryptocurrencies due to the government’s preference for digital yuan ambitions.

Crypto total market cap at $1.59 trillion on the weekend chart | Source: TradingView.com

Asia-Pac Countries Among Big Players

Recent Google Search Trends data indicates that countries in the Asia-Pacific area are trending toward constant market developments and marketplace launches to provide creators and buyers with equal possibilities in the ecosystem.

On the year-to-date basis, the non-fungible token sector beat the overall crypto market, according to a research from Nansen. The blockchain analytics company anticipated that the market capitalization of NFTs might reach $80 billion by 2025.

NFT marketplaces — platforms that enable investors to buy and sell digital artwork and other related materials — are currently projected to contribute the highest to the expansion of the space.

Suggested Reading | Crypto Boom In The Gulf: Dubai, Abu Dhabi Fast Becoming Hotbed Of Digital Currency

Industry leaders are hopeful that NFTs will be the way the Metaverse makes money in the next few years. (Image credit: Search Engine Journal)

Revenue Model For The Metaverse

While established firms such as OpenSea currently dominate this industry, crypto exchanges such as Coinbase and Binance have begun to offer comparable services for exchanging non-fungible tokens in the open market.

The Metaverse is a concept for an internet-enabled virtual world in which users interact with digital assets using Augmented Reality (AR), Virtual Reality (VR), and Extended Reality (ER) (XR), and the emergence of blockchain technology is accelerating this development.

Industry experts are optimistic that NFTs are going to be the revenue model for the Metaverse in the coming years.

Featured image CNBC, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christian Encila

Christian Encila

Follow

Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

Full Profile

Related Posts

cena bitcoinu nove historicke maximum ATH 123 tisíc dolárov

Cena Bitcoinu dnes vyskočila nad 123 000 $. Začína „krypto týždeň“

1 month ago
NFT

Decentralized Defense? NFT Group Targets Cold War Nuclear Bunker Buy

4 months ago
crypto

Crypto Gets An Upgrade? Japan To Label It As A Financial Product

5 months ago
Top 5 Crypto Presales to Keep an Eye on in January 2025

Top 5 Crypto Presales to Keep an Eye on in January 2025

7 months ago
this-new-cryptocurrency-set-to-13x

This New Cryptocurrency Set to 13x According to Analysts

7 months ago
6 Meme Coins Making Waves This Week

6 Meme Coins Making Waves This Week

7 months ago
Please login to join discussion

Premium Sponsors

Press Releases

  • miner

    ADA’s path to long-term success: Integrating with...

    5 hours ago
  • Bitget and Bitget Wallet Support Trading of Over 100...

    8 hours ago
  • miner

    XRP Price From a High of $3.65 to a Low of $2.72: How GMO...

    10 hours ago
  • miner

    7 Trending Crypto Mining Apps This Year That Give Free...

    12 hours ago
  • mining

    6 Most Reliable Crypto Mining Software to Help Miners...

    13 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.