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Non fungible Token Market – Increasing use of NFT for domain name ownership

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Growing popularity of the Metaverse and growing demand for decentralized marketplaces are some of the key factors driving market revenue growth

Vancouver, British Columbia, Canada, November 22, 2022 /EIN Presswire.com/ — The report covers market characteristics, size and growth, segmentation, regional and country breakdown, competitive landscape, market share, trends, and strategies for this market. It tracks the historical and projected market growth of the market by region. We place the market within the context of the broader non-fungible token (NFT) market and compare it to other markets.

Market Size of Non-Fungible Tokens (NFTs) According to the latest analysis by Emergen Research, it is expected to reach USD 50.1 billion in 2021, registering a revenue CAGR of 10.7% during the forecast period. The rapid traction of the metaverse and rising demand for decentralized marketplaces are some of the key factors driving revenue growth in the global non-fungible token market. Increasing use of NFTs for domain name ownership is also expected to significantly boost the revenue growth of the market. Blockchain domain owners can manage their domains using private keys. Standard Domain Name Service (DNS) is maintained by the Internet Corporation for Assigned Names and Numbers (ICANN), and monitoring of such domains is minimal. As a result, censorship and security issues have been raised. Blockchain domain names are permanently recorded in public registries and can be erased or changed by third parties, which helps alleviate such concerns. and customizable domain names. Ethereum Name Service (ENS) and Unstoppable Domains, decentralized solutions to traditional DNS, allow cryptographic addresses similar to Instagram and Twitter handles, but all names must be distinct. Instagram and Twitter users cannot sell usernames, but ENS and Unstoppable Domains allow users to buy and sell crypto addresses.

However, lack of standardization and concerns about fraud and potential fraud are the major factors expected to hamper the growth of the global non-fungible token market to some extent during the forecast period.

There is a recent update of the non-fungible token market with a sample copy @ https://www.emergenresearch.com/request-history/892

The study outlines the rapidly evolving and growing market segments as well as valuable insights into each element of the industry. The industry is witnessing the entry of several new players and the report aims to provide insightful information on their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

Leading companies profiled in the report:

YellowHeart, Cloudflare, Inc., PLBY Group, Inc., Dolphin Entertainment, Inc., Funko Inc., OpenSea (Ozone Networks, Inc.), Takung Art Co., Ltd., Dapper Labs, Inc., Nifty Gateway (Gemini ) Trust Company, LLC), and MakersPlace (Onchain Labs, Inc.)

Emergen Research has segmented the global Non-Fungible Tokens market based on type, application, end-use, and region.

Type Outlook (Revenue, USD Billion, 2019-2030)

physical assets

digital assets

Application Outlook (Revenue, USD Billion, 2019-2030)

goods

video clip

audio clip

gamification

others

art

Pixel art

Fractal/algorithmic art

computer generated paintings

2D/3D painting

2D/3D computer graphics

GIFs

others

game

Trading Card Game (TCG)

Video game

Strategy role-playing game (RPG)

others

utility

tickets

Domain name

property ownership

metaverse

sports

others

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

Personal

commercial

Free historical data: https://www.emergenresearch.com/request-history/892

We need to discover how this affects the non-fungible token market today, and how it will affect the next decade.

• The 250-page report contains 194 tables and 189 charts/graphs.

• The report highlights key areas of advantage in the industry, so you can target them now.

• Includes detailed analysis of global, regional and domestic sales and growth.

• Highlight key competitive success trends, changes and revenue projections.

geographic segmentation;

North America (USA, Canada)

Europe (UK, Italy, Germany, France, rest of the EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East and Africa (Saudi Arabia, UAE, South Africa, and other MEAs)

information nowhere to be found

With new reports, you are less likely to fall behind in knowledge or miss an opportunity. See how our work can help you with your research, analysis and decision making. Emergen Research’s research is for anyone who needs commercial analysis of the non-fungible token market, market-leading companies from 2022 to 2030. Find data, trends, and forecasts.

The content of each profile varies by organization. Profiles generally provide the following information:

• An overview of the company’s Non Fungible Token products and services

• Analysis of recent financial performance – company annual earnings

• Evaluation of development – activities, acquisitions, capacity, deals, new service offerings, collaborations

This research may be useful for major companies looking for new revenue streams, companies looking to diversify into new markets or expand their current operations, and companies looking to diversify into new markets. .

How can this report help me?

The 250-page Emergen Research Report contains 194 tables, 189 graphs and graphics. Our new research is ideal for those who want a commercial and in-depth study of the global non-fungible token market and an in-depth analysis of the market segments. With the help of recent research, the entire regional and global market for non-fungible tokens can be analyzed. To grow your market share, you need to get a financial analysis of the market as a whole and its segments. Our research suggests that there is great opportunity in this rapidly expanding market for energy storage technology. Consider how you can take advantage of these revenue-generating opportunities. In addition, the research helps in formulating growth strategies, enhancing competitor analysis, and improving business productivity by enabling better strategic decision-making.

To get a free sample PDF copy of this report: https://www.emergenresearch.com/request-history/892 Thank you for reading our report. If you have any questions about the report or its customization, please contact us. Our team will ensure that the report best suits your needs.

about us:

Emergen Research is a market research and consulting firm that provides syndicated research reports, customized research reports and consulting services. Our solutions identify, target and analyze changes in consumer behavior across demographics and industries, with a pure focus on our clients’ objectives to help clients make smarter business decisions. I’m here. We provide market intelligence research that ensures relevant fact-based research across multiple industries including healthcare, touchpoints, chemicals, types and energy. We constantly update our research to ensure our clients are aware of the latest trends present in the market. Emergen Research has a strong base of experienced analysts in a variety of specialties. Our industry experience and ability to develop concrete solutions to any research problem give our clients an edge over their respective competitors.

Eric Lee
emergent research
+91 90210 91709
sales@emergenresearch.com
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