Non-Fungible Token Market Size, Industry Analysis Report Based on type(Physical asset, Digital asset), Based on application(Collectibles, Art, Gaming, Utilities, Metaverse, Sports), Based on market type(Primary, Secondary), Based on end-user(Personal, Commercial) & Region - Forecasts 2022-2030 The non-fungible token market is valued at USD 55,460 million in 2022 and is projected to reach a value of USD 125,070 million in 2033 expanding at a CAGR of 10.7% over the forecast duration of 2023-2033. A non-fungible token (NFT) is defined as a non-interchangeable unit of data which is stored on a block chain, a form of digital ledger, and can be sold and traded. There are different types of NFT data units that can be associated with digital files, such as photos, videos, and audio. Each token is uniquely identifiable AND NFTs differ from most of the cryptocurrencies, such as Bitcoin that is fungible. NFTs are also unique cryptographic tokens that mainly exist on a block chain and cannot be replicated. These are mainly used in representing real-world items, such as artwork and real estate. https://wemarketresearch.com/reports/non-fungible-token-market/133/