MarkNtel Advisors recently published a report, titled, " Global Non-Fungible Tokens Market By Type (Digital Asset, Physical Asset), By Offering (Business Strategy Formulation, NFT Creation and Management, NFT Platform - Market Place), By Application (Collectibles, Art, Gaming, Utilities, Sports, Metaverse), By End User (Commercial, Personal),. As per as the report The Global Non-Fungible Tokens Market is projected to grow at a CAGR of around 34% during the forecast period, i.e., 2023-28.
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Global Non-Fungible Tokens Market Possible Restraint:
The Absence of Regulations and Legal Framework Poses Cloning Risk - The first and foremost factor restraining the market from flourishing further includes the absence of regulations and legal framework. Although the NFTs are designed to own the assets in a virtual form, they bring the risks of being copied or circulated online. Creations, including pictures, music, etc., can be replicated within a fraction of a second. So far, the marketplace is still processing building a diversified legal framework to help the owners claim the copyrights of their assets.
Leading Companies in Global Non-Fungible Tokens Market:
Cisco, Fireeye Inc., IBM, Manageengine [ZOHO], Netscout Systems, Niksun, Novetta Solutions, Opentext, Palo Alto Neworks, RSA Security, Solarwinds, Sonicwall, Symantec [Broadcom], Vectra AI, Viavi Solutions, Others [Graylog, Difose, etc].
Global Non-Fungible Tokens Market Segmentation:
By Type
-Digital Asset
-Physical Asset
By Offering
-Business Strategy Formulation
-NFT Creation and Management
-NFT Platform - Market Place
By Application
-Collectibles
-Audio Clip
-Video Clip
-Gamification
-Art
-Fractal/Algorithmic Art
-Pixel Art
-Computer-Generated Painting
-2D/3D Computer Graphics
-2D/3D Painting
-GIFs
-Gaming
Video Game
-Trading Card Game (TCG)
-Strategy Role Playing Game (RPG)
-Utilities
-Domain Names
-Tickets
-Ownerships
-Sports
-Metaverse
By End User
-Commercial
-Personal
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By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific.
Key questions answered in the Global Non-Fungible Tokens Market are:
- What is Global Non-Fungible Tokens Market?
- What was the market size in 2023?
- What is the growth rate of the Global Non-Fungible Tokens Market?
- Which are the factors expected to drive the market growth?
- What are the different segments of the Global Non-Fungible Tokens Market?
- What segments are covered in the Market?
- Who are the key players in the Global Non-Fungible Tokens Market?
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