NFTs, or non-fungible tokens, have evolved from a niche market confined to cryptocurrency enthusiasts to a disruptive force predicted to redefine the global economy.
The NFT market is set to surpass the $200 billion mark in the near future, transforming how value and ownership are perceived in both the digital and physical worlds.
The Unstoppable Force of Digital Assets
In 2022, the NFT market held a staggering worth of $20.44 billion. This accounts for over 72% of the global revenue of the digital assets market.
Forecasts predict an impressive compound annual growth rate of 34.2% from 2023 to 2030. Consequently, indicating that the surge in the value of digital assets has been phenomenal.
This trend is largely fueled by the unique nature of NFTs that allow artists to retain ownership of their creations while profiting from their work. The newfound financial independence draws creatives worldwide to the digital asset segment,…
