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The non-fungible token market size is projected to grow by USD 68.16 billion, at a CAGR of 30.23% between 2023 to 2028. The market's expansion is driven by several factors, notably the escalating demand for digital art, increased investments in digital assets, and the implementation of unique ownership authentication for digital assets. The rising popularity of digital art signifies a shift towards digital mediums for artistic expression, driving market growth as collectors seek digital pieces for investment and enjoyment. Concurrently, the increase in investments in digital asset management, including cryptocurrencies and non-fungible tokens, reflects a broader trend toward diversification and digital ownership. Moreover, the adoption of unique authentication methods ensures the integrity and provenance of digital assets, bolstering trust and confidence among buyers and sellers in the digital art market, including music NFT. These interconnected elements collectively shape the evolving landscape of digital art and asset ownership, driving innovation and investment in the sector.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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