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.
Free Valuable Insights: The Global Non-fungible Token Market is Estimated to reach $97.6 Billion by 2028, at a CAGR of 31.6%
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:
By Type
- Digital Asset
- Physical Asset
By End Use
By Application
- Collectibles
- Art
- Gaming
- Sport
- Utilities
- Metaverse
- Others
By Country
- US
- Canada
- Mexico
- 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)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Non-fungible Token Market, by Type
1.4.2 North America Non-fungible Token Market, by End Use
1.4.3 North America Non-fungible Token Market, by Application
1.4.4 North America Non-fungible Token Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Non-fungible Token Market by Type
3.1 North America Digital Asset Market by Country
3.2 North America Physical Asset Market by Country
Chapter 4. North America Non-fungible Token Market by End-Use
4.1 North America Personal Market by Country
4.2 North America Commercial Market by Country
Chapter 5. North America Non-fungible Token Market by Application
5.1 North America Collectibles Market by Country
5.2 North America Art Market by Country
5.3 North America Gaming Market by Country
5.4 North America Sport Market by Country
5.5 North America Utilities Market by Country
5.6 North America Metaverse Market by Country
5.7 North America Others Market by Country
Chapter 6. North America Non-fungible Token Market by Country
6.1 US Non-fungible Token Market
6.1.1 US Non-fungible Token Market by Type
6.1.2 US Non-fungible Token Market by End-Use
6.1.3 US Non-fungible Token Market by Application
6.2 Canada Non-fungible Token Market
6.2.1 Canada Non-fungible Token Market by Type
6.2.2 Canada Non-fungible Token Market by End-Use
6.2.3 Canada Non-fungible Token Market by Application
6.3 Mexico Non-fungible Token Market
6.3.1 Mexico Non-fungible Token Market by Type
6.3.2 Mexico Non-fungible Token Market by End-Use
6.3.3 Mexico Non-fungible Token Market by Application
6.4 Rest of North America Non-fungible Token Market
6.4.1 Rest of North America Non-fungible Token Market by Type
6.4.2 Rest of North America Non-fungible Token Market by End-Use
6.4.3 Rest of North America Non-fungible Token Market by Application
Chapter 7. Company Profiles
7.1 Cloudflare, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Research & Development Expense
7.2 Gemini Trust Company, LLC
7.2.1 Company Overview
7.2.2 Recent strategies and developments:
7.2.2.1 Acquisition and Mergers:
7.3 Ozone Networks, Inc.
7.3.1 Company Overview
7.3.2 Recent strategies and developments:
7.3.2.1 Acquisition and Mergers:
7.3.2.2 Business Expansions:
7.4 Dapper Labs, Inc.
7.4.1 Company Overview
7.5 Semidot Infotech
7.5.1 Company Overview
7.6 The Sandbox (BACASABLE Global Limited)
7.6.1 Company Overview
TABLE 1 North America Non-fungible Token Market, 2018 - 2021, USD Million
TABLE 2 North America Non-fungible Token Market, 2022 - 2028, USD Million
TABLE 3 North America Non-fungible Token Market by Type, 2018 - 2021, USD Million
TABLE 4 North America Non-fungible Token Market by Type, 2022 - 2028, USD Million
TABLE 5 North America Digital Asset Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Digital Asset Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Physical Asset Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Physical Asset Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Non-fungible Token Market by End-Use, 2018 - 2021, USD Million
TABLE 10 North America Non-fungible Token Market by End-Use, 2022 - 2028, USD Million
TABLE 11 North America Personal Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Personal Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Commercial Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Commercial Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Non-fungible Token Market by Application, 2018 - 2021, USD Million
TABLE 16 North America Non-fungible Token Market by Application, 2022 - 2028, USD Million
TABLE 17 North America Collectibles Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Collectibles Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Art Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Art Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Gaming Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Gaming Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Sport Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Sport Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Utilities Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Utilities Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Metaverse Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Metaverse Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Non-fungible Token Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Non-fungible Token Market by Country, 2022 - 2028, USD Million
TABLE 33 US Non-fungible Token Market, 2018 - 2021, USD Million
TABLE 34 US Non-fungible Token Market, 2022 - 2028, USD Million
TABLE 35 US Non-fungible Token Market by Type, 2018 - 2021, USD Million
TABLE 36 US Non-fungible Token Market by Type, 2022 - 2028, USD Million
TABLE 37 US Non-fungible Token Market by End-Use, 2018 - 2021, USD Million
TABLE 38 US Non-fungible Token Market by End-Use, 2022 - 2028, USD Million
TABLE 39 US Non-fungible Token Market by Application, 2018 - 2021, USD Million
TABLE 40 US Non-fungible Token Market by Application, 2022 - 2028, USD Million
TABLE 41 Canada Non-fungible Token Market, 2018 - 2021, USD Million
TABLE 42 Canada Non-fungible Token Market, 2022 - 2028, USD Million
TABLE 43 Canada Non-fungible Token Market by Type, 2018 - 2021, USD Million
TABLE 44 Canada Non-fungible Token Market by Type, 2022 - 2028, USD Million
TABLE 45 Canada Non-fungible Token Market by End-Use, 2018 - 2021, USD Million
TABLE 46 Canada Non-fungible Token Market by End-Use, 2022 - 2028, USD Million
TABLE 47 Canada Non-fungible Token Market by Application, 2018 - 2021, USD Million
TABLE 48 Canada Non-fungible Token Market by Application, 2022 - 2028, USD Million
TABLE 49 Mexico Non-fungible Token Market, 2018 - 2021, USD Million
TABLE 50 Mexico Non-fungible Token Market, 2022 - 2028, USD Million
TABLE 51 Mexico Non-fungible Token Market by Type, 2018 - 2021, USD Million
TABLE 52 Mexico Non-fungible Token Market by Type, 2022 - 2028, USD Million
TABLE 53 Mexico Non-fungible Token Market by End-Use, 2018 - 2021, USD Million
TABLE 54 Mexico Non-fungible Token Market by End-Use, 2022 - 2028, USD Million
TABLE 55 Mexico Non-fungible Token Market by Application, 2018 - 2021, USD Million
TABLE 56 Mexico Non-fungible Token Market by Application, 2022 - 2028, USD Million
TABLE 57 Rest of North America Non-fungible Token Market, 2018 - 2021, USD Million
TABLE 58 Rest of North America Non-fungible Token Market, 2022 - 2028, USD Million
TABLE 59 Rest of North America Non-fungible Token Market by Type, 2018 - 2021, USD Million
TABLE 60 Rest of North America Non-fungible Token Market by Type, 2022 - 2028, USD Million
TABLE 61 Rest of North America Non-fungible Token Market by End-Use, 2018 - 2021, USD Million
TABLE 62 Rest of North America Non-fungible Token Market by End-Use, 2022 - 2028, USD Million
TABLE 63 Rest of North America Non-fungible Token Market by Application, 2018 - 2021, USD Million
TABLE 64 Rest of North America Non-fungible Token Market by Application, 2022 - 2028, USD Million
TABLE 65 Key Information – Cloudflare, Inc.
TABLE 66 Key Information – Gemini Trust Company, LLC
TABLE 67 Key Information – Ozone Networks, Inc.
TABLE 68 Key Information – Dapper Labs, Inc.
TABLE 69 Key Information – Semidot Infotech
TABLE 70 Key Information – The Sandbox
List of Figures
FIG 1 Methodology for the research