The Global Non-Fungible Tokens (NFTs) Market was valued at USD 15.70 Billion in 2021, and it is expected to reach USD 232 Billion by 2030, with a CAGR of 50+ % during the forecast period of 2022 - 2030. https://bit.ly/3BVXTqu

1. NFT Market Prediction for 2030 – Here’s What Extensive Research
Across the Globe Says!
The term “non-fungible tokens” (NFTs) has become a household name currently, thanks to
the widespread adoption of these virtual tokens across the world in the last two years.
Despite existing for more than half a decade, these tokens got their boom only in 2021, and
their sales exploded in huge proportions. Their market crossed the billion-dollar mark for
the first time during Q3 2021. At that juncture, new domains based on NFTs rose to
prominence in the Web3 world, which has left a lasting impact on the emerging Web3
ecosystem. The next decade (2021 - 2030) is projected to be the period of establishment of
Web3 space that mainly consists of NFT assets, and we will see some statistical predictions
as we proceed.
Before Everything Else,HowDo NFTs Stand in 2022?
The year 2022 has been a roller-coaster ride as far as cryptocurrencies are concerned due
to multiple geopolitical tensions around the world that have been weakening the global
economy. Still, trades based on assets backed by non-fungible tokens have been pretty
strong as primary and secondary sales of various famous PFP (Profile Picture)
communities occur every day. Gaming and metaverse platforms also contribute their fair
share to ensure that the NFT space is thriving. Also, more and more brands are taking
measures to get into the virtual realm through NFTs that makes things positive for the
Web3 space.

2. Top-selling NFT Collections inJuly 2022
1. Bored Ape Yacht Club (BAYC) – A profile picture community based on ape-themed
NFTs.
2. CryptoPunks – A profile picture community based on pixelated punk NFTs.
3. Otherdeed – Virtual resources for the OtherSide metaverse platform from the creators
of BAYC.
4. Sorare – A fantasy soccer-based play-to-earn game where player cards take the form of
NFTs.
5. Mutant Ape Yacht Club (MAYC) – A derived profile picture community similar to BAYC,
created by the same firm.
6. Art Blocks – Generative art-based NFT platform where art NFTs will be randomly
generated (based on algorithm provided beforehand) when the buyer purchases it.
7. Ethereum Name Service (ENS) – Domain name-based NFTs on the Ethereum network
can be bought, used, and traded by Web3 users.
8. Moonbirds – A profile picture community based on pixelated owl-themed NFTs.
9. CloneX – An avatar-based ecosystem with NFT characters designed by the popular artist
Takashi Murakami.
10.Doodles – A colorful NFT collection based on line drawings created by the masterminds
behind the legendary NFT game “CryptoKitties.”
Top NFT Marketplaces in July 2022
1. OpenSea – A long-running horizontal trade-based platform that sells various NFT
assets.
2. X2Y2 – A general NFT marketplace platform that sells virtual assets based on various
themes.
3. Magic Eden – A general NFT marketplace platform running on the Solana blockchain.
4. CryptoPunks – A platform selling pixelated punk-themed profile picture NFTs.
5. LooksRare – An NFT marketplace that sells generic digital assets that run on
community governance.
6. Axie Marketplace – The marketplace platform for the famous Web3 battle game Axie
Infinity.
7. Decentraland – The marketplace for the metaverse platform Decentraland.
8. Mobox – A gaming NFT marketplace for the game Mobox that combines decentralized
financial elements.
9. Rarible – A horizontal trade-based marketplace platform running on community
consensus.
10.Objkt.com Marketplace – An NFT marketplace on the Tezos blockchain selling various
assets.

3. Predictions for the Next Decade
The NFT market was valued at $232 million in 2020, which surged to a humongous $22
billion in 2021 (Source: Marketdecipher.com). The NFT world in 2022 has been
concentrating on implementing other Web3 applications such as decentralized finance on
NFTs, which has found some initial success.
As far as regional adoption is concerned, North America tops the list as the region has been
home to the earliest NFT enthusiasts. Asia follows suit, mostly powered by the rise of play-
to-earn games. Europe has seen an increase in Web3 firms, which is expected to continue
well into this decade. Other continents are seeing improvement with new pathways being
exposed.
While the most in-demand NFT category during the 2021 boom was art and sports
collectibles, the next decade could see in-game NFTs, and phygital NFTs sold massively.
Still, the craze for the former two would not fade very quickly, as proven by new creators
striking the Web3 space like lightning from the blue.
All these together could take the global market of NFTs to a whole new level in the next
decade, which experts have predicted to be near $231 billion in 2030.
Some Concluding Thoughts
If you want to utilize the NFT market’s growth through a business or want to have your
initial market research done in a professional setting, Blockchain App Factory has every
solution tailored for you. We have experts in every aspect of Web3 platform development,
including business analysis and marketing. With the NFT market expected to thrash new
barriers in the next decade, it might be the time for you to get on board the virtual world as
a venture owner!