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NFT Market Projected to Reach $200 Billion in 2030 – Bitcoin News

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A recent report predicts that the NFT market will reach a value of $200 billion in 2030, fueled in part by growing demand. Most of this activity will happen on Ethereum.

A new report is predicting that the total value of the NFT market will reach $200 billion in 2030. The report, issued by Grand View Research, a multinational market insights company, found that the rising demand for this kind of instrument — due to its growing number of applications — will fuel growth of the market.Non-fungible tokens are becoming more popular due to their wide array of applications in different industries.

issued by Grand View Research, a market insights company, predicts that the NFT market will reach a value of $200 billion in 2030, fueled in part by the growing demand behind them due to their applications.The report, which calculates today’s NFT market value at a little more than $15 billion, examined the movement and the evolution of the NFT market between 2018 and 2020. The document predicts the market will grow at a compound annual growth rate of 33.

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