NJ New Jersey, USA -- (SBWIRE) -- 04/28/2023 -- Advance Market Analytics added research publication document on Worldwide Crypto Art Market breaking major business segments and highlighting wider level geographies to get deep dive analysis on market data. The study is a perfect balance bridging both qualitative and quantitative information of Worldwide Crypto Art market. The study provides valuable market size data for historical (Volume** & Value) from 2018 to 2022 which is estimated and forecasted till 2028*. Some are the key & emerging players that are part of coverage and have being profiled are CryptoArtNet (United States), Nifty Gateway (United States), Eden Gallery (United States), FRESCO (Switzerland), Artory (United States), Verisart (United States), YAIR (your art is reality) (Germany), DADA (United States), Adappcity Inc. (Canada).
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Crypto art is a digital art that lives on blockchain technology in the form of NFTs. It is a concept that revolves around the idea of digital scarcity. With this mindset, people treat digital art like physical goods and buy, sell, trade, and collect it. Crypto art is a hot topic that's dominated investment news. These artworks often have themes tied to modern politics or blockchain and cryptocurrencies or economics and philosophy.
In December 2021, the Non-fungible token (NFT) marketplace Rarible has launched its integration with energy-efficient, proof-of-stake blockchain Tezos after announcing the plan last month. Tezos is also the blockchain being used by video game giant Ubisoft for its recent entry into the NFT space. Rarible's integration with Tezos marks Rarible's third supported blockchain, following Ethereum and Flow.
In July 2021, Opensea Released a statement announcing that it has acquired USD100 million Series B round, led by Andreessen Horowitz valuing the organization at USD1.5 billion. As the first cross-blockchain NFT marketplace, the company is also announcing official support for various blockchains. With this funding, OpenSea will continue to scale its NFT platform, with an initial focus on adding engineering expertise and expanding worldwide to new regions and audiences, allowing users to buy and trade NFTs more easily.
Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business opportunity in Crypto Art Market various segments and emerging territory.
Opportunities:
- Artists get Large Benefit from Crypto Art
- Increase in Demand for Cryptopunks
Influencing Market Trend
- Growing Digital Art Popularity
- Rising Popularity of Crypto Art
Market Drivers
- Rapid Prevalence of Digital Art
Challenges:
- Digital Fraud Activities
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Analysis by Type (Digital Graphics to Music, VR Dreamscapes, Programmable Art), Application (Personal, Commercial), Platform (Nifty Gateway, SuperRare, Async Art, MakersPlace, Others), Cryptocurrency (Ethereum, Bitcoin, Others)
Competitive landscape highlighting important parameters that players are gaining along with the Market Development/evolution
- % Market Share, Segment Revenue, Swot Analysis for each profiled company [CryptoArtNet (United States), Nifty Gateway (United States), Eden Gallery (United States), FRESCO (Switzerland), Artory (United States), Verisart (United States), YAIR (your art is reality) (Germany), DADA (United States), Adappcity Inc. (Canada)]
- Business overview and Product/Service classification
- Product/Service Matrix [Players by Product/Service comparative analysis]
- Recent Developments (Technology advancement, Product Launch or Expansion plan, Manufacturing and R&D etc)
- Consumption, Capacity & Production by Players
The regional analysis of Global Crypto Art Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2023-2028.
Table of Content
Chapter One: Industry Overview
Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis
Chapter Three: Production Market Analysis
Chapter Four: Sales Market Analysis
Chapter Five: Consumption Market Analysis
Chapter Six: Production, Sales and Consumption Market Comparison Analysis
Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis
Chapter Eight: Competition Analysis by Players
Chapter Nine: Marketing Channel Analysis
Chapter Ten: New Project Investment Feasibility Analysis
Chapter Eleven: Manufacturing Cost Analysis
Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers
Read Executive Summary and Detailed Index of full Research Study @ https://www.advancemarketanalytics.com/reports/182666-global-crypto-art-market#utm_source=SBWireLal
Highlights of the Report
- The future prospects of the global Crypto Art market during the forecast period 2023-2028 are given in the report.
- The major developmental strategies integrated by the leading players to sustain a competitive market position in the market are included in the report.
- The emerging technologies that are driving the growth of the market are highlighted in the report.
- The market value of the segments that are leading the market and the sub-segments are mentioned in the report.
- The report studies the leading manufacturers and other players entering the global Crypto Art market.
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.