Non-fungible Tokens Market Is Projected To Gain $395.6 Billion By 2032, Growing At A 33.5% Cagr: Allied Market Research

The global non-fungible tokens market was valued at $22.5 billion in 2022, and is projected to reach $395.6 billion by 2032, growing at a CAGR of 33.5% from 2023 to 2032. Non-fungible tokens (NFTs) are digital assets that are unique and cannot be exchanged on a one-to-one basis. They are characterized by their ease of use and distinctiveness and are created through the use of blockchain technology. The growth of the non-fungible tokens market is attributed to heightened digital ownership, creative expression and monetization, and the growing utilization of blockchain technology.