The non-fungible tokens market size was USD 4,068.5 million in 2023, and it will touch USD 34,395.6 million by 2030, powering at a rate of 36.2% by the end of this decade. 

This has a lot to do with the traction for blockchain based gaming, growing count of digital assets & collectibles, growing trend of the metaverse, rising acceptance of digital currency, and mounting count of facilities for authentication and tracking of authentic owners.

Furthermore, as a result of features for example, transparency, individuality, and distinctiveness, the requirement for digital tokens has increased. Furthermore, these tokens are no distributable and can’t be shared with many owners, which provides ownership benefits protecting customers from counterfeiting.

APAC will grow the fastest in the future. This will be because of the mounting number of industry players, increasing investments in the IT infra, introduction of NFT trading platforms by numerous internet service providers, rising usage of cryptocurrency, snowballing interest of people in digital artwork, expansion of metaverse platforms by startups, and growing funding from global players.

It is because of the growing popularity of block-chain based gaming, the demand for non-fungible tokens is on the rise. This trend will continue like this in the years to come as well.

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