According to a new report, the NFT market in Europe is expected to grow 46.8% year-on-year to reach $13.35 billion in 2022 with predictions through 2028.
Europe and the new report on NFT market growth 2022-2028 It is called “Europe NFT Market Intelligence and Future Growth Dynamics Databook – 50+ KPIs on NFT Investments by Key Assets, Currency, Sales Channels – Q2 2022” and is the new report by ResearchAndMarkets.com.
According to that report, the NFT market in Europe is set to grow 46.8% year-on-year to reach $13.35 billion in 2022. Specifically, a CAGR of 33.4% growth of the NFT sector has been projected for the period 2022-2028. These results stem from the recognition that the European market is establishing for NFTs an innovation that, for the first time, protects property rights in the digital realm.
Because of this peculiarity, NFTs are suitable for every sector with their own use cases, from sports and arts to real estate and entertainment, and many others.
Not only that, every country on the old continent such as the UK, Italy, Germany and France can recognize their importance. And indeed, European NFT startups continue to innovate and develop more and more differentiated products, raising funds to accelerate their growth.