December 5, 2022

Copy-paste | Study: NFT market could grow to $13.6 billion by 2027

NFT market could grow to $13.6 billion by 2027

According to research firm MarketsandMarkets, an important role in development and growth of the NFT industry will playcorporations, metaverses and gaming communities. MarketsandMarkets has published a report highlighting the growing interest of investors in the non-fungible token (NFT) market and predicted that the market size will grow by 35% to $13.6 billion. Over the next five years, participation in the industry of influencers and gaming communities will remain the main growth drivers , as well as the growing demand for digital art. However, analysts also see other factors that will boost the industry's growth. Among them are the growing NFT use cases for supply chain management, the fashion industry, and retail. Also, experts do not deny the importance of the role of the metaverses in the development of the NFT industry. As an example, they cite the Meta corporation, which is already working on its own metaverse.