, 2022-12-16 12:00:00,
DUBLIN, December 16, 2022 /PRNewswire/ — The “Japan NFT Market Intelligence & Future Growth Dynamics Databook: 50+ KPIs on NFT Investments by Key Assets, Currency, Sales Channels – Q2 2022” report has been added to researchandmarkets.com offering.
NFT industry in Japan it is expected to grow 53.0% per year to reach US$1,361.5 million in 2022.
The NFT industry is expected to grow steadily during the forecast period, registering a CAGR of 38.7% during 2022-2028. The value of NFT spending in the country will increase from US$1,361.5 million in 2022 to reach US$8,807.2 million by 2028.
NFT, a new generation of crypto-Assets that represent digital items, from images and videos to clothing for avatars, have started to gain popularity in the last four to eight quarters globally. NFTs are data sets in a digital ledger that prove ownership and help the investor gain post-sale on these unique digital assets. These NFTs are not exactly new, as the first NFTs were released in the mid-2010s. On the other hand, the latest numbers create the dilemma of whether or not the bubble will burst, as weekly NFT sales have plummeted. all over the world.
With the increase in publicity worldwide among commercial actors, artists and entertainers, Japan it also entered the new trend of creating a new digital economy. Consequently, providers of consultation on crypto assets and blockchains witnessed a growing demand from various artists, publishers and Japan. For example, tokyo-established…
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