VMR predicts rise of NFT market to $231B by 2030 - BusinessMirror

Non-fungible tokens are going to occupy a significant position in the market, with their value swelling to $231 billion by 2030, according to a report by Verified Market Research .

For his part, Anotoys Collectiverse CEO and Founder Oscar Tan-Abing Jr.’s presentation during the event defined NFTs as unique digital assets that are stored in a blockchain network. These assets can vary from songs to game characters, but are most popularly known in the form of digital art pieces. The CEO of Anotoys highlighted that NFT is powerful because it is “so good at authenticating things.”

“You will see big companies, big tech companies going to the Philippines, because Philippines is a hot country. Number 1 in NFT adoption, Number 1 in gaming, blockchain games. You name it, because we’re a young population,” Tan-Abing added.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PHL taps foreign debt market for funds via dollar bond issue - BusinessMirrorTHE Philippines on Wednesday returned anew to the international market as it seeks to raise at least $500 million in 5-year, 10.5-year issues and 25-year sustainability bond, marking the second dollar-denominated offering of the country this year and the first for the administration of Ferdinand R. Marcos Jr. The Philippines’s multi-tranche dollar-denominated bond offering was
Source: BusinessMirror - 🏆 19. / 59 Read more »

Likhang HABI Market Fair returns, weaves heritage and elegance in a 3-day affair - BusinessMirrorThe Philippine Textile Council (HABI) has announced the return of the annual Likhang HABI Market Fair at the Glorietta Activity Center from October 14 to 16, 2022. Know more:
Source: BusinessMirror - 🏆 19. / 59 Read more »