North America Non-fungible Token Market Size, Share & Industry Trends Analysis Report By Type (Digital Asset and Physical Asset), By End Use (Personal and Commercial), By Application, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America Non-fungible Token Market would witness market growth of 30.8% CAGR during the forecast period (2022-2028).
NFTs processed via Security Token Offerings (STO) assist the firm in being legally compliant with US securities laws and regulations. Companies developing NFTs are likely to be required to register under US securities legislation. Dapper Labs, the creator of NBA Top Shot NFTs, for example, was sued for allegedly marketing NFTs as unregistered securities. NBA Top Shot is a digital collectibles marketplace based on blockchain that lets users sell, purchase, and exchange NBA video highlights NFTs. The Supreme Court paper contends that NBA Top Shot events are secure because their value increases as the enterprise progress.
Fractionalized NFTs (F-NFT) were created since NFTs can only have one owner at a time. NFT owners can share asset ownership with others via F-NFTs. By investing a little amount of money in F-NFTs, users can earn fractional or shared ownership in high-value assets, such as a luxury yacht or real estate.
Non-fungible Tokens (NFTs) have recently become extremely popular. A great number of NFT initiatives emerged in 2021in this region. Several NFT platforms were launched in 2021, and Canadians are increasingly investing in them. Digital assets, like cryptocurrencies, crypto-assets, and digital tokens, are electronic representations of value. Depending on their qualities, some digital assets are susceptible to security laws and regulations, regardless of the language used to describe them. All securities, whether digital or traditional, are subject to securities legislation. The Securities and Exchange Commission (SEC) is the major regulatory body in charge of monitoring securities offerings, sales, and investments. The SEC's purpose is to safeguard investors, keep markets fair, orderly, and efficient, and make capital formation easier. The mission is usually aligned with the existing securities regulatory environment, particularly the SEC's digital asset legislation.
The US market dominated the North America Non-fungible Token Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $25,262.5 Million by 2028. The Canada market is experiencing a CAGR of 33.7% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 32.6% during (2022 - 2028).
Based on Type, the market is segmented into Digital Asset and Physical Asset. Based on End Use, the market is segmented into Personal and Commercial. Based on Application, the market is segmented into Collectibles, Art, Gaming, Sport, Utilities, Metaverse, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cloudflare, Inc., Gemini Trust Company, LLC, Ozone Networks, Inc., Dapper Labs, Inc., Semidot Infotech, and The Sandbox (BACASABLE Global Limited)
Scope of the Study
Market Segments Covered in the Report:
- Digital Asset
- Physical Asset
By End Use
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Cloudflare, Inc.
- Gemini Trust Company, LLC
- Ozone Networks, Inc.
- Dapper Labs, Inc.
- Semidot Infotech
- The Sandbox (BACASABLE Global Limited)
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