According to a report published by the research firm MarketsandMarkets, the NFT sector could be worth over $13 billion by the end of 2027.
The global NFT market is expected to grow from $3.0 billion in 2022 to $13.6 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 35% from 2022 to 2027.
The growth of the gaming community alongside the impact of mainstream influencers and the demand for digital artworks will help push the NFT space to grow, the firm argues.