1 INTRODUCTION 13
1.1 OBJECTIVES OF THE STUDY 13
1.2 MARKET DEFINITION 13
1.2.1 INCLUSIONS AND EXCLUSIONS 13
1.3 MARKET SCOPE 14
1.3.1 MARKET SEGMENTATION 14
1.3.2 REGIONS COVERED 14
1.3.3 YEARS CONSIDERED 15
1.4 CURRENCY CONSIDERED 15
TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE,2018-2022 15
1.5 STAKEHOLDERS 15

2 RESEARCH METHODOLOGY 16
2.1 RESEARCH DATA 16
FIGURE 1 NON-FUNGIBLE TOKENS MARKET: RESEARCH DESIGN 16
2.1.1 SECONDARY DATA 17
2.1.2 PRIMARY DATA 17
2.1.2.1 Breakup of primary profiles 18
2.1.2.2 Key industry insights 18
2.2 MARKET BREAKUP AND DATA TRIANGULATION 19
2.3 MARKET SIZE ESTIMATION 19
2.4 MARKET FORECAST 20
TABLE 2 FACTOR ANALYSIS 20
2.5 ASSUMPTIONS 20
2.6 LIMITATIONS 22

3 EXECUTIVE SUMMARY 23
TABLE 3 NON-FUNGIBLE TOKENS MARKET SIZE AND GROWTH, 2018-2020 (USD MILLION, Y-O-Y %) 24
TABLE 4 NON-FUNGIBLE TOKENS MARKET SIZE AND GROWTH, 2022-2027 (USD MILLION, Y-O-Y %) 24
FIGURE 2 NON-FUNGIBLE TOKENS MARKET TO GROW MODERATELY FROM 2022 TO 2027 DUE TO THE COVID-19 PANDEMIC 25
FIGURE 3 NORTH AMERICA TO ACCOUNT FOR THE LARGEST MARKET SHARE IN 2022 26

4 PREMIUM INSIGHTS 27
4.1 ATTRACTIVE OPPORTUNITIES IN THE NON-FUNGIBLE TOKENS MARKET 27
FIGURE 4 INCREASED INFLUENCE OF CELEBRITIES FOR NFT ADOPTION AND RISE IN DIGITAL ARTWORKS TO DRIVE THE NFT MARKET GROWTH 27
4.2 NON-FUNGIBLE TOKENS MARKET, BY OFFERING, 2022-2027 27
FIGURE 5 NFT PLATFORM-MARKETPLACE SEGMENT TO HOLD THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD 27
4.3 NON-FUNGIBLE TOKENS MARKET, BY END USER, 2022-2027 28
FIGURE 6 MEDIA AND ENTERTAINMENT SEGMENT TO HOLD THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD 28
4.4 NON-FUNGIBLE TOKENS MARKET, BY REGION, 2022-2027 28
FIGURE 7 AMERICAS SEGMENT TO HOLD THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD 28
4.5 MARKET INVESTMENT SCENARIO 29
FIGURE 8 ASIA PACIFIC TO EMERGE AS THE BEST MARKET FOR INVESTMENTS IN THE NEXT FIVE YEARS 29

5 MARKET OVERVIEW AND INDUSTRY TRENDS 30
5.1 INTRODUCTION 30
5.2 MARKET DYNAMICS 30
FIGURE 9 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: NON-FUNGIBLE TOKENS MARKET 30
5.2.1 DRIVERS 31
5.2.1.1 Increasing influence of celebrities to fuel momentum of NFT adoption 31
5.2.1.2 Revolutionizing gaming industry 31
5.2.1.3 Slow but continuing rise in demand for digital artworks 31
5.2.2 RESTRAINTS 32
5.2.2.1 Issues with copyright protection 32
5.2.3 OPPORTUNITIES 32
5.2.3.1 Increasing use cases of NFT in supply chain management, retail, and fashion 32
5.2.3.2 Efforts of industry giants toward making metaverse a reality 32
5.2.3.3 Personalization of NFT 33
5.2.4 CHALLENGES 33
5.2.4.1 High and hidden fees 33
5.2.4.2 Lack of legal representation, absence of compliance, and regulations for NFT 33
5.3 VALUE CHAIN 34
FIGURE 10 VALUE CHAIN OF NON-FUNGIBLE TOKENS MARKET 34
5.4 ECOSYSTEM: NON-FUNGIBLE TOKENS 35
5.5 TECHNOLOGY ANALYSIS 35
5.5.1 BLOCKCHAIN 35
5.5.2 CRYPTOCURRENCY 35
5.6 PATENT ANALYSIS 36
FIGURE 11 NON-FUNGIBLE TOKENS MARKET: PATENT ANALYSIS 36
5.7 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS 37
FIGURE 12 NON-FUNGIBLE TOKENS MARKET: TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS 37
5.8 PORTER'S FIVE FORCES ANALYSIS 38
FIGURE 13 PORTER'S FIVE FORCES MODEL FOR THE NON-FUNGIBLE TOKENS MARKET 38
TABLE 5 PORTER'S FIVE FORCES ANALYSIS IMPACT ON THE NON-FUNGIBLE TOKENS MARKET 38
5.8.1 THREAT OF NEW ENTRANTS 39
5.8.2 THREAT OF SUBSTITUTES 39
5.8.3 BARGAINING POWER OF SUPPLIERS 39
5.8.4 BARGAINING POWER OF BUYERS 39
5.8.5 INTENSITY OF COMPETITIVE RIVALRY 39
5.9 TARIFF AND REGULATORY LANDSCAPE 40
5.9.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 40
TABLE 6 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 40
TABLE 7 EUROPE AND MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 40
5.9.2 GENERAL DATA PROTECTION REGULATION 41
5.9.3 PAYMENT CARD INDUSTRY-DATA SECURITY STANDARD (PCI-DSS) 41
5.9.4 HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT 41
5.10 USE CASES 41
5.10.1 USE CASES: IDENTIFICATION, CERTIFICATION, AND DOCUMENTATION 41
5.10.2 USE CASES: REAL ESTATE 42
5.10.3 USE CASES: EVENT TICKETING 42
5.11 KEY CONFERENCES AND EVENTS IN 2022-2023 43
TABLE 8 NON-FUNGIBLE TOKENS MARKET: LIST OF CONFERENCES AND EVENTS 43

6 NON FUNGIBLE TOKENS - MARKET TRENDS 44
6.1 METAVERSE 44
6.2 PLAY TO EARN (P2E) 44

7 NON-FUNGIBLE TOKENS MARKET, BY OFFERING 45
7.1 INTRODUCTION 46
FIGURE 14 NFT PLATFORM - MARKETPLACE SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 46
TABLE 9 NON-FUNGIBLE TOKENS MARKET, BY OFFERING, 2018-2021 (USD MILLION) 46
TABLE 10 NON-FUNGIBLE TOKENS MARKET, BY OFFERING, 2022-2027 (USD MILLION) 47
7.2 BUSINESS STRATEGY FORMULATION 47
7.2.1 BUSINESS STRATEGY FORMULATION: NON-FUNGIBLE TOKENS MARKET DRIVERS 47
TABLE 11 NON-FUNGIBLE TOKENS MARKET: BUSINESS STRATEGY FORMULATION, BY REGION, 2018-2021 (USD MILLION) 48
TABLE 12 NON-FUNGIBLE TOKENS MARKET: BUSINESS STRATEGY FORMULATION, BY REGION, 2022-2027 (USD MILLION) 48
7.3 NFT CREATION AND MANAGEMENT 48
7.3.1 NFT CREATION AND MANAGEMENT: NON-FUNGIBLE TOKENS MARKET DRIVERS 49
TABLE 13 NON-FUNGIBLE TOKENS MARKET: NFT CREATION AND MANAGEMENT, BY REGION, BY REGION, 2018-2021 (USD MILLION) 49
TABLE 14 NON-FUNGIBLE TOKENS MARKET: NFT CREATION AND MANAGEMENT, BY REGION, 2022-2027 (USD MILLION) 49
7.4 NFT PLATFORM - MARKETPLACE 49
7.4.1 NFT PLATFORM - MARKETPLACE: NON-FUNGIBLE TOKENS MARKET DRIVERS 50
TABLE 15 NON-FUNGIBLE TOKENS MARKET: NFT PLATFORM-MARKETPLACE, BY REGION, BY REGION, 2018-2021 (USD MILLION) 50
TABLE 16 NON-FUNGIBLE TOKENS MARKET: NFT PLATFORM-MARKETPLACE, BY REGION, 2022-2027 (USD MILLION) 50

8 NON-FUNGIBLE TOKENS MARKET, BY END USER 51
8.1 INTRODUCTION 52
FIGURE 15 OTHER END USERS SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 52
TABLE 17 NON-FUNGIBLE TOKENS MARKET, BY END USER, 2018-2021 (USD MILLION) 52
TABLE 18 NON-FUNGIBLE TOKENS MARKET, BY END USER, 2022-2027 (USD MILLION) 53
8.2 MEDIA AND ENTERTAINMENT 53
8.2.1 MEDIA AND ENTERTAINMENT: NON-FUNGIBLE TOKENS MARKET DRIVERS 53
TABLE 19 NON-FUNGIBLE TOKENS MARKET: MEDIA AND ENTERTAINMENT, BY REGION, 2018-2021 (USD MILLION) 54
TABLE 20 NON-FUNGIBLE TOKENS MARKET: MEDIA AND ENTERTAINMENT, BY REGION, 2022-2027 (USD MILLION) 54
8.3 ONLINE GAMING & RELATED COLLECTIBLES 54
8.3.1 ONLINE GAMING & RELATED COLLECTIBLES: NON-FUNGIBLE TOKENS MARKET DRIVERS 54
TABLE 21 NON-FUNGIBLE TOKENS MARKET: GAMING AND RELATED COLLECTIBLES, BY REGION, 2018-2021 (USD MILLION) 55
TABLE 22 NON-FUNGIBLE TOKENS MARKET: GAMING AND RELATED COLLECTIBLES, BY REGION, 2022-2027 (USD MILLION) 55
8.4 OTHER END USERS 55
TABLE 23 NON-FUNGIBLE TOKENS MARKET: OTHER END USERS, BY REGION, 2018-2021 (USD MILLION) 56
TABLE 24 NON-FUNGIBLE TOKENS MARKET: OTHER END USERS, BY REGION, 2022-2027 (USD MILLION) 56

9 NON-FUNGIBLE TOKENS MARKET, BY REGION 57
9.1 INTRODUCTION 58
FIGURE 16 ASIA PACIFIC TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 58
TABLE 25 NON-FUNGIBLE TOKENS MARKET, BY REGION, 2018-2021 (USD MILLION) 58
TABLE 26 NON-FUNGIBLE TOKENS MARKET, BY REGION, 2022-2027 (USD MILLION) 59
9.2 AMERICAS 59
9.2.1 AMERICAS: NON-FUNGIBLE TOKENS MARKET DRIVERS 59
FIGURE 17 AMERICAS: MARKET SNAPSHOT 60
TABLE 27 AMERICAS: NON-FUNGIBLE TOKENS MARKET, BY OFFERING, 2018-2021 (USD MILLION) 60
TABLE 28 AMERICAS: NON-FUNGIBLE TOKENS MARKET, BY OFFERING, 2022-2027 (USD MILLION) 61
TABLE 29 AMERICAS: NON-FUNGIBLE TOKENS MARKET, BY END USER, 2018-2021 (USD MILLION) 61
TABLE 30 AMERICAS: NON-FUNGIBLE TOKENS MARKET, BY END USER, 2022-2027 (USD MILLION) 61
9.3 EUROPE, MIDDLE EAST & AFRICA 62
9.3.1 EUROPE, MIDDLE EAST & AFRICA: NON-FUNGIBLE TOKENS MARKET DRIVERS 62
TABLE 31 EUROPE, MIDDLE EAST & AFRICA: NON-FUNGIBLE TOKENS MARKET, BY OFFERING, 2018-2021 (USD MILLION) 62
TABLE 32 EUROPE, MIDDLE EAST & AFRICA: NON-FUNGIBLE TOKENS MARKET, BY OFFERING, 2022-2027 (USD MILLION) 63
TABLE 33 EUROPE, MIDDLE EAST & AFRICA: NON-FUNGIBLE TOKENS MARKET, BY END USER, 2018-2021 (USD MILLION) 63
TABLE 34 EUROPE, MIDDLE EAST & AFRICA: NON-FUNGIBLE TOKENS MARKET, BY END USER, 2022-2027 (USD MILLION) 63
9.4 ASIA PACIFIC 64
9.4.1 ASIA PACIFIC: NON-FUNGIBLE TOKENS MARKET DRIVERS 64
FIGURE 18 ASIA PACIFIC: MARKET SNAPSHOT 65
TABLE 35 ASIA PACIFIC: NON-FUNGIBLE TOKENS MARKET, BY OFFERING, 2018-2021 (USD MILLION) 65
TABLE 36 ASIA PACIFIC: NON-FUNGIBLE TOKENS MARKET, BY OFFERING, 2022-2027 (USD MILLION) 66
TABLE 37 ASIA PACIFIC: NON-FUNGIBLE TOKENS MARKET, BY END USER, 2018-2021 (USD MILLION) 66
TABLE 38 ASIA PACIFIC: NON-FUNGIBLE TOKENS MARKET, BY END USER, 2022-2027 (USD MILLION) 66

10 COMPETITIVE LANDSCAPE 67
10.1 OVERVIEW 67
10.2 MARKET EVALUATION FRAMEWORK 67
FIGURE 19 NON-FUNGIBLE TOKENS MARKET EVALUATION FRAMEWORK 67
10.3 MARKET SHARE ANALYSIS OF TOP MARKET PLAYERS 68
TABLE 39 NON - FUNGIBLE TOKENS MARKET: DEGREE OF COMPETITION 68
TABLE 40 NON-FUNGIBLE TOKENS: PRODUCT LAUNCHES AND ENHANCEMENTS 68
TABLE 41 NON-FUNGIBLE TOKENS: DEALS 69
10.4 RANKING OF KEY PLAYERS IN THE NFT MARKET 70
FIGURE 20 KEY PLAYERS RANKING, 2021 70
10.5 COMPANY EVALUATION MATRIX AND COMPETITIVE LEADERSHIP MAPPING 71
10.5.1 COMPANY EVALUATION MATRIX DEFINITIONS AND METHODOLOGY 71
TABLE 42 EVALUATION CRITERIA 71
10.5.2 STARS 71
10.5.3 EMERGING LEADERS 71
10.5.4 PERVASIVE PLAYERS 72
10.5.5 PARTICIPANTS 72
FIGURE 21 NON-FUNGIBLE TOKENS MARKET (GLOBAL), COMPETITIVE LEADERSHIP MAPPING OF KEY PLAYERS, 2022 72
10.6 COMPETITIVE BENCHMARKING FOR STARTUPS 73
TABLE 43 NON - FUNGIBLE TOKENS: LIST OF STARTUPS/SMES 73
TABLE 44 NON - FUNGIBLE TOKENS: COMPETITIVE BENCHMARKING OF STARTUPS/SMES 73

11 COMPANY PROFILES 74
11.1 KEY PLAYERS 74
(Business Overview, Products, Solutions & Services, Recent Developments, MnM View)* 11.1.1 CLOUDFLARE 74
TABLE 45 CLOUDFLARE: BUSINESS OVERVIEW 74
FIGURE 22 CLOUDFLARE: COMPANY SNAPSHOT 75
TABLE 46 CLOUDFLARE: SOLUTIONS OFFERED 75
TABLE 47 CLOUDFLARE: PRODUCT LAUNCHES 76
11.1.2 GEMINI TRUST 77
TABLE 48 GEMINI TRUST: BUSINESS OVERVIEW 77
TABLE 49 GEMINI TRUST: SOLUTIONS OFFERED 77
TABLE 50 GEMINI TRUST: PRODUCT LAUNCHES 77
TABLE 51 GEMINI TRUST: DEALS 78
11.1.3 OPENSEA 79
TABLE 52 OPENSEA: BUSINESS OVERVIEW 79
TABLE 53 OPENSEA: SOLUTIONS OFFERED 79
TABLE 54 OPENSEA: PRODUCT LAUNCHES 80
TABLE 55 OPENSEA: DEALS 80
11.1.4 DAPPER LABS 82
TABLE 56 DAPPER LABS: BUSINESS OVERVIEW 82
TABLE 57 DAPPER LABS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 82
TABLE 58 DAPPER LABS: PRODUCT LAUNCHES 83
TABLE 59 DAPPER LABS: DEALS 83
11.1.5 SEMIDOT INFOTECH 84
TABLE 60 SEMIDOT INFOTECH: BUSINESS OVERVIEW 84
TABLE 61 SEMIDOT INFOTECH: SOLUTIONS OFFERED 84
11.1.6 THE SANDBOX 86
TABLE 62 THE SANDBOX: BUSINESS OVERVIEW 86
TABLE 63 THE SANDBOX: SOLUTIONS OFFERED 86
TABLE 64 THE SANDBOX: PRODUCT LAUNCHES 87
TABLE 65 THE SANDBOX: DEALS 87
11.2 OTHER PLAYERS 88
11.2.1 AXIE INFINITY 88
11.2.2 RARIBLE 89
11.2.3 ART BLOCKS 90
11.2.4 FOUNDATION 91
11.2.5 SUPERRARE 92
11.2.6 MINTBASE 93
11.2.7 LARVA LABS 93
11.2.8 APPDUPE 94
11.2.9 CRYPTOKITTIES 95
11.2.10 SORARE 95
11.2.11 YELLOWHEART 96
11.2.12 ONCHAIN LABS 96
11.2.13 SOLANART 97
11.2.14 GALA GAMES 97
*Details on Business Overview, Products, Solutions, & Services, Recent Developments, MnM View might not be captured in case of unlisted companies. 12 ADJACENT/RELATED MARKETS 98
12.1 INTRODUCTION 98
12.2 BLOCKCHAIN MARKET 98
12.2.1 MARKET DEFINITION 98
TABLE 66 BLOCKCHAIN MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION) 98
TABLE 67 COMPONENT: BLOCKCHAIN MARKET SIZE, BY REGION, 2018-2025 (USD MILLION) 98
TABLE 68 BLOCKCHAIN MARKET SIZE, BY PROVIDER, 2018-2025 (USD MILLION) 99
TABLE 69 PROVIDERS: BLOCKCHAIN MARKET SIZE, BY REGION, 2018-2025 (USD MILLION) 99
TABLE 70 BLOCKCHAIN MARKET SIZE, BY APPLICATION AREA, 2018-2025 (USD MILLION) 99
TABLE 71 APPLICATION: BLOCKCHAIN MARKET SIZE, BY REGION, 2018-2025 (USD MILLION) 100
TABLE 72 BLOCKCHAIN MARKET SIZE BY REGION, 2018-2025 (USD BILLION) 100
12.3 CRYPTOASSET MANAGEMENT MARKET 100
12.3.1 MARKET DEFINITION 100
TABLE 73 POST-COVID-19: CRYPTO ASSET MANAGEMENT MARKET SIZE, BY SOLUTION, 2018-2026 (USD MILLION) 101
TABLE 74 SOLUTION: CRYPTO ASSET MANAGEMENT MARKET SIZE, BY REGION, 2018-2026 (USD MILLION) 101
TABLE 75 CUSTODIAN SOLUTION: CRYPTO ASSET MANAGEMENT MARKET SIZE, BY REGION, 2018-2026 (USD MILLION) 101
TABLE 76 WALLET MANAGEMENT: CRYPTO ASSET MANAGEMENT MARKET SIZE, BY REGION, 2018-2026 (USD MILLION) 102
TABLE 77 POST-COVID-19: CRYPTO ASSET MANAGEMENT MARKET SIZE, BY END USER, 2018-2026 (USD MILLION) 102
TABLE 78 END USER: CRYPTO ASSET MANAGEMENT MARKET SIZE, BY REGION, 2018-2026 (USD MILLION) 102
TABLE 79 INDIVIDUAL USER: CRYPTO ASSET MANAGEMENT MARKET SIZE, BY REGION, 2018-2026 (USD MILLION) 103
TABLE 80 ENTERPRISE: CRYPTO ASSET MANAGEMENT MARKET SIZE, BY REGION, 2018-2026 (USD MILLION) 103
TABLE 81 POST-COVID-19: CRYPTO ASSET MANAGEMENT MARKET SIZE, BY ENTERPRISE VERTICAL, 2018-2026 (USD THOUSAND) 103
TABLE 82 POST-COVID-19: CRYPTO ASSET MANAGEMENT MARKET SIZE, BY REGION, 2018-2026 (USD MILLION) 104

13 APPENDIX 105
13.1 DISCUSSION GUIDE 105
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL 108
13.3 AVAILABLE CUSTOMIZATIONS 110
13.4 RELATED REPORTS 110
13.5 AUTHOR DETAILS 111