The Mega Maxi
  • Home
  • News
  • Topics
    • Art
    • Careers
    • Guides
    • Business
  • Features
    • Features
    • TMM TownHall
    • POW Series
    • Artist Spotlight
  • AI
  • Web3 Jobs
  • Partner With Us
  • About
No Result
View All Result
  • Home
  • News
  • Topics
    • Art
    • Careers
    • Guides
    • Business
  • Features
    • Features
    • TMM TownHall
    • POW Series
    • Artist Spotlight
  • AI
  • Web3 Jobs
  • Partner With Us
  • About
No Result
View All Result
The Mega Maxi
No Result
View All Result
Home News

NFT Transactions Expected To Hit $40M by 2027 As Metaverse Trend Continues

Danesh by Danesh
August 24, 2022
Reading Time: 2 mins read
0
NFT Transactions Expected To Hit $40M by 2027 As Metaverse Trend Continues

Source: Juniper Research

As the metaverse trend continues, non-fungible token (NFT) transactions are projected to hit $40 million by 2027, according to a report by Juniper Research, a research center that offers market intelligence, analysis and forecasting in the form of analyst reports, subscription databases, and consultancy services.

Discover the truth behind the hype in our new #nft research, which evaluates how #nfts are impacting #gaming and #metaverse – and discusses how vendors including @AudiusProject and @decentraland are driving innovation.

📰 Read the full press release 👉 https://t.co/nNlsEoBRyy pic.twitter.com/CDRG5RoxgC

— Juniper Research (@juniperresearch) August 22, 2022

RELATED POSTS

Ordinals Reach 20 Million Mints, Yet Bitcoin NFTs Plummet by 30%

Opensea Launches ‘Deals’, A Peer-to-Peer NFT Swap Feature

According to the study, 66.6% growth will be seen during the forecast period.

“NFT transactions will rise from 24 million in 2022 to 40 million by 2027. This is based on our medium scenario for adoption, with brands leveraging the metaverse to boost digital growth.”

It also encouraged consumer-centered businesses to create NFT-based content to gain competitive advantage, that is based on the changing needs to the younger and tech-savvy audience. Younger generation consumers are inclined to purchase novel digital and online content forms.

“The report predicts metaverse-linked NFTs will be the fastest-growing NFT segment over the next 5 years, increasing from 600,000 transactions in 2022 to 9.8 million by 2027. It highlights the rising demand for immersive experiences as a driver of metaverse adoption.”

Despite NFTs offering a new growth channel, the research stated that vendors ought to be cautious not to operate in unregulated environments, which are prone to scams and fraudulent activities. The report also stated that vendors who partake in the NFT space may risk brand damage by association, due to the role NFTs have had in illegal activities, such as money laundering, scams, and fraud.

For a beneficial NFT operating environment, Juniper Research highlighted the need for regulators to reach out and collaborate with industry bodies to standardize regulations and processes.

The report is published on Juniper Research’s website.

Tags: Juniper Research
ShareTweetShare
Danesh

Danesh

Related Posts

Ordinals Reach 20 Million Mints, Yet Bitcoin NFTs Plummet by 30%
News

Ordinals Reach 20 Million Mints, Yet Bitcoin NFTs Plummet by 30%

July 31, 2023
Opensea Launches 'Deals', A Peer-to-Peer NFT Swap
News

Opensea Launches ‘Deals’, A Peer-to-Peer NFT Swap Feature

July 21, 2023
Web3 Jobs Asia, A Student-Led Startup, Makes Strides in Web3 Employment Industry.
Business

Web3 Jobs Asia, A Student-Led Startup, Makes Strides in Web3 Employment Industry.

July 20, 2023
Next Post
ABS-CBN’s Idol Philippines Is The First Filipino Program to Launch NFTs

ABS-CBN's Idol Philippines Is The First Filipino Program to Launch NFTs

Mecha Infinity Releases Activation Codes

Mecha Infinity Releases Activation Codes

Follow Us!

Recommended Stories

No Content Available
Contact Terms Privacy

Name

Copyright © 2023 The Mega Maxi. All rights reserved.

Facebook-f Twitter Instagram Tiktok
No Result
View All Result
  • Home
  • News
  • Topics
    • Art
    • Careers
    • Guides
    • Business
  • Features
    • Features
    • Power Rankings
    • TMM TownHall
    • POW Series
    • Artist Spotlight
  • AI
  • Web3 Jobs
  • About
  • Partner With Us

Copyright © 2022 The Mega Maxi. All rights reserved.

Stay Updated

Don’t miss out on the latest Web3 news, insights, and alphas. Get the best of TMM straight to your inbox!

Name
Email