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.

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