What are Non Fungible Tokens?

Non-Fungible Tokens are easily exchangeable and individually unique digital assets which are held on certain block-chains, mainly Ethereum but also others such as Matic, Flow, Wax, and others. NFT not only exists in a digital space but crucially they can also represent any type of physical asset, acting as a kind of ‘digital twin’ to anything existing in the real world and enabling the ownership and exchange of physical possessions within digital marketplaces. True ownership is one of the defining key components of any NFT and, as the digital economies continue to thrive, there are high chances of NFT to play a pivotal role in bringing the digital and physical worlds closer to one another than they have ever been before.

Market Size

The global Non-fungible tokens market was valued at $250 million in 2020 and is estimated to develop with a booming CAGR between 2021 and 2026.

Market Driver

NFT is being considered as the future of ownership by its users. All kinds of property – from event tickets to houses – will eventually have their ownership status tokenized in this manner. The idea of having an ownership of digitally created content is estimated to drive the market. The main driver for the growth of the NFT market is digital art. NFTs help the digital artists to attain ownership for their digital artwork. They can receive more income through NFTs, as they can get royalty each time the NFT is transacted after the initial sale. The NFT collectibles market will increase considerably as fan engagement will increase. For instance, NBA’s Top Shoot blockchain product of LeBron James highlights sold for $200,000. The Metaverse, virtual real estate, trading will considerably increase during the forecast period. Gaming Industries are coming up with innovative advanced games such as Strategy Role Playing Game, where the user can create a game character and using NFT can get the ownership of created character which later can be put up on sale on various marketplace (Rarible, OpenSea, etc.).

NFT Ecosystem

NFT Marketplaces

Below, we highlight the top Non Fungible Token Marketplaces. See here.

Others NFT Companies

In addition to Marketplaces, there are many other forms of NFT companies in the ecosystem including:-

Decentralized Appraisal Machine
NFT Multi-Chain Rental Model
NFT Collateralization
NFT Co-Ownership
NFT Launchpad
NFT Marketing
NFT Gallery
NFT Vaults
NFT Store

More Info

To see more information on NFT Company, see here.

Investment Thesis: Non Fungible Tokens (NFTs)