Non-fungible Token Market Expected To Grow With USD 211.7 Billion By 2030
San Francisco, 19 March 2024: The Report Non-fungible Token Market Size, Share & Trends Analysis Report By Application (Art, Sports), By Type (Physical Assets, Digital Assets), By End-use (Commercial, Personal), By Region, And Segment Forecasts, 2024 - 2030 The global non-fungible token market size is anticipated to reach USD 211.7 billion by 2030, registering a CAGR of 34.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growing demand for digital art worldwide is one of the major factors driving market growth. Digital art is defined as the art that is displayed or created using digital technologies. The growing use of cryptocurrency globally is also anticipated to drive market growth. This is because people use cryptocurrency to purchase digital assets. According to CoinMarketCap, as of February 2022, the total global capitalization of cryptocurrency is USD 1.76 trillion, making it equivalent to the world’s 8th largest economy. The market growt