NFT Market Prediction Says It Will Be Worth $232bn By 2030 - PowerPoint PPT Presentation

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NFT Market Prediction Says It Will Be Worth $232bn By 2030

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The Global Non-Fungible Tokens (NFTs) Market was valued at USD 15.70 Billion in 2021, and it is expected to reach USD 232 Billion by 2030, with a CAGR of 50+ % during the forecast period of 2022 - 2030. – PowerPoint PPT presentation

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Title: NFT Market Prediction Says It Will Be Worth $232bn By 2030


1
NFT Market Prediction for 2030
2
Introduction
3
  • The term non-fungible tokens (NFTs) has become
    a household name currently, thanks to the
    widespread adoption of these virtual tokens
    across the world in the last two years. Despite
    existing for more than half a decade, these
    tokens got their boom only in 2021, and their
    sales exploded in huge proportions. Their market
    crossed the billion-dollar mark for the first
    time during Q3 2021. At that juncture, new
    domains based on NFTs rose to prominence in the
    Web3 world, which has left a lasting impact on
    the emerging Web3 ecosystem. The next decade
    (2021 - 2030) is projected to be the period of
    establishment of Web3 space that mainly consists
    of NFT assets, and we will see some statistical
    predictions as we proceed.

4
Before Everything Else, How Do NFTs Stand in 2022?
  • The year 2022 has been a roller-coaster ride as
    far as cryptocurrencies are concerned due to
    multiple geopolitical tensions around the world
    that have been weakening the global economy.
    Still, trades based on assets backed by
    non-fungible tokens have been pretty strong as
    primary and secondary sales of various famous PFP
    (Profile Picture) communities occur every day.
    Gaming and metaverse platforms also contribute
    their fair share to ensure that the NFT space is
    thriving. Also, more and more brands are taking
    measures to get into the virtual realm through
    NFTs that makes things positive for the Web3
    space.

5
Top-selling NFT Collections in July 2022
  1. Bored Ape Yacht Club (BAYC) A profile picture
    community based on ape-themed NFTs.
  2. CryptoPunks A profile picture community based
    on pixelated punk NFTs.
  3. Otherdeed Virtual resources for the OtherSide
    metaverse platform from the creators of BAYC.
  4. Sorare A fantasy soccer-based play-to-earn game
    where player cards take the form of NFTs.
  5. Mutant Ape Yacht Club (MAYC) A derived profile
    picture community similar to BAYC, created by the
    same firm.

6
  • 6. Art Blocks Generative art-based NFT
    platform where art NFTs will be randomly
    generated (based on algorithm provided
    beforehand) when the buyer purchases it.
  • 7. Ethereum Name Service (ENS) Domain
    name-based NFTs on the Ethereum network can be
    bought, used, and traded by Web3 users.
  • 8. Moonbirds A profile picture community based
    on pixelated owl-themed NFTs.
  • 9. CloneX An avatar-based ecosystem with NFT
    characters.
  • 10. Doodles A colorful NFT collection based on
    line drawings created by the masterminds behind
    the legendary NFT game CryptoKitties.

7
Top NFT Marketplaces in July 2022
  • 1. OpenSea A long-running horizontal
    trade-based platform that sells various NFT
    assets.
  • 2. X2Y2 A general NFT marketplace platform
    that sells virtual assets based on various
    themes.
  • 3. Magic Eden A general NFT marketplace
    platform running on the Solana blockchain.
  • 4. CryptoPunks A platform selling pixelated
    punk-themed profile picture NFTs.
  • 5. LooksRare An NFT marketplace that sells
    generic digital assets that run on community
    governance.

8
  • 6. Axie Marketplace The marketplace platform
    for the famous Web3 battle game Axie Infinity.
  • 7. Decentraland The marketplace for the
    metaverse platform Decentraland.
  • 8. Mobox A gaming NFT marketplace for the game
    Mobox that combines decentralized financial
    elements.
  • 9. Rarible A horizontal trade-based
    marketplace platform running on community
    consensus.
  • 10. Objkt.com Marketplace An NFT marketplace
    on the Tezos blockchain selling various assets.

9
Predictions for the Next Decade
  • The NFT market was valued at 232 million in
    2020, which surged to a humongous 22 billion in
    2021 (Source Marketdecipher). The NFT world in
    2022 has been concentrating on implementing other
    Web3 applications such as decentralized finance
    on NFTs, which has found some initial success.
  • As far as regional adoption is concerned, North
    America tops the list as the region has been home
    to the earliest NFT enthusiasts. Asia follows
    suit, mostly powered by the rise of play-to-earn
    games. Europe has seen an increase in Web3 firms,
    which is expected to continue well into this
    decade. Other continents are seeing improvement
    with new pathways being exposed.

10
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11
  • While the most in-demand NFT category during the
    2021 boom was art and sports collectibles, the
    next decade could see in-game NFTs, and phygital
    NFTs sold massively. Still, the craze for the
    former two would not fade very quickly, as proven
    by new creators striking the Web3 space like
    lightning from the blue.
  • All these together could take the global market
    of NFTs to a whole new level in the next decade,
    which experts have predicted to be near 231
    billion in 2030.

12
Conclusion
  • If you want to utilize the NFT markets growth
    through a business or want to have your initial
    market research done in a professional setting,
    Blockchain App Factory has every solution
    tailored for you. We have experts in every aspect
    of Web3 platform development, including business
    analysis and marketing. With the NFT market
    expected to thrash new barriers in the next
    decade, it might be the time for you to get on
    board the virtual world as a venture owner!

13
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