According to the Q2 2022 NFT Survey, NFT industry in Brazil is expected to grow by 48.4% on an annual basis to reach US$2967.6 million in 2022.
The NFT industry is expected to grow steadily over the forecast period, recording a CAGR of 34.8% during 2022-2028. The NFT Spend Value in the country will increase from US$2967.6 million in 2022 to reach US$16176.8 million by 2028.
The non-fungible token (NFT) market in Brazil has undergone strong expansion over the last year. The presence of Brazilian sports players on NFT marketplaces has supported the widespread adoption of NFTs among the general public. In addition to this, the adoption of NFT in the art industry has also grown significantly in the country. Adoption by visual artists and some well-known names in the music industry are supporting the growth of the NFT industry in Brazil.
The publisher expects the trend to continue from the short to medium-term perspective as more and more gamers become aware of NFT-based games in the country. Moreover, the rise of the traditional online gaming industry is also expected to drive the interest in NFT-based games over the next four to eight quarters in Brazil. Consequently, the publisher expects more NFT-based online gaming platforms to launch over the next four to eight quarters in the country, subsequently supporting the overall industry growth.
With the NFT industry recording strong growth over the last four quarters in Brazil, NFT marketplaces are looking to tap into the high growth market potential. Consequently, firms are entering into strategic partnerships with Brazilian football players, who have millions of fans across the country and globally, seeking to drive their growth in the NFT market. For instance,
Globally, many sports teams have launched their NFT collection to generate an additional revenue stream, as the popularity of NFTs among the general public continues to grow quarter on quarter. For instance,
NFT marketplaces are choosing an eco-friendly way to drive their growth in Brazil. With artists and collectors getting alarmed by crypt art's ecological footprint, NFT marketplaces in Brazil are choosing an eco-friendly way to attract more artists to their platform, which will subsequently help them to drive their growth. For instance:
This report provides in-depth, data-centric analysis of NFT Market in Brazil and below is the summary of key market segments:
The NFT industry is expected to grow steadily over the forecast period, recording a CAGR of 34.8% during 2022-2028. The NFT Spend Value in the country will increase from US$2967.6 million in 2022 to reach US$16176.8 million by 2028.
The non-fungible token (NFT) market in Brazil has undergone strong expansion over the last year. The presence of Brazilian sports players on NFT marketplaces has supported the widespread adoption of NFTs among the general public. In addition to this, the adoption of NFT in the art industry has also grown significantly in the country. Adoption by visual artists and some well-known names in the music industry are supporting the growth of the NFT industry in Brazil.
The publisher expects the trend to continue from the short to medium-term perspective as more and more gamers become aware of NFT-based games in the country. Moreover, the rise of the traditional online gaming industry is also expected to drive the interest in NFT-based games over the next four to eight quarters in Brazil. Consequently, the publisher expects more NFT-based online gaming platforms to launch over the next four to eight quarters in the country, subsequently supporting the overall industry growth.
NFT marketplaces are partnering with Brazilian football legends to drive their growth in the country
With the NFT industry recording strong growth over the last four quarters in Brazil, NFT marketplaces are looking to tap into the high growth market potential. Consequently, firms are entering into strategic partnerships with Brazilian football players, who have millions of fans across the country and globally, seeking to drive their growth in the NFT market. For instance,
- In July 2021, INFLUXO, a Rio-based NFT marketplace, announced that the firm had entered into a strategic collaboration with Ronaldinho. Under the partnership, the firm auctioned seven NFTs depicting Ronaldinho. Notably, the starting bid for the NFTs was placed at 20,000 USDT.
- Similarly, in May 2021, SportsIcon, a sports-focused NFT platform, announced that the firm had entered into a strategic partnership with Brazilian soccer star Roberto Carlos. Under the collaboration, the firm brings the NFTs of the legendary FIFA World Cup winner to its platform.
Sports in Brazil see NFTs as a new source of revenue
Globally, many sports teams have launched their NFT collection to generate an additional revenue stream, as the popularity of NFTs among the general public continues to grow quarter on quarter. For instance,
- In June 2021, the Brazilian Football Federation announced that it had entered into a multi-year contract with Turkish blockchain startup, Bitci, to launch NFTs and fan tokens on BitciChain's platform. With the national team having the most fans worldwide, the availability of NFTs and fans tokens on the Bitci platform will allow fans to feel more engaged and connected with the team.
NFT marketplaces are choosing an eco-friendly way to drive their growth in Brazil. With artists and collectors getting alarmed by crypt art's ecological footprint, NFT marketplaces in Brazil are choosing an eco-friendly way to attract more artists to their platform, which will subsequently help them to drive their growth. For instance:
- Hic et Nunc, one of the leading Brazil-based NFT marketplaces for artists globally, mints artwork on the Tezos blockchain, which consumes only a fraction of the energy of its rival blockchains, such as Ethereum. In addition to this, the energy-efficient Tezos blockchain costs only 30 cents compared to the US$200 for conducting a single transaction on the Ethereum blockchain.
- In March 2022, Lumx Studios, one of the leading startups from Rio de Janerio that develops experiences in the metaverse, announced that the firm had earned R$2million by entering the NFT market with the 55Unity collection. To date, the 55Unity collection remains to be the largest collectibles project, having sold 3,000 tokens in 28 hours.
- In September 2021, Monica Rizzolli announced that the generative art NFT collection, Fragments of an infinite field, was sold for R$28.35 million in an auction. Notably, the generative art pieces are generated during the minting process; therefore, neither the artists nor the collectors can know what the final result of the work will look like.
Scope
This report provides in-depth, data-centric analysis of NFT Market in Brazil and below is the summary of key market segments:
Brazil NFT Market Size and Future Growth Dynamics by Key Performance Indicators, 2019-2028
Brazil NFT Market Size and Forecast by Key Assets, 2019-2028
- Collectibles and Art
- Real Estate
- Sports
- Gaming
- Utility
- Fashion & Luxury
- Other
Brazil NFT Market Size and Forecast by Key NFT Collectible Assets, 2019-2028
- Digital Art
- Music & Sound Clip
- Videos
- Memes & Gif
- Other
Brazil NFT Market Size and Forecast by Currency, 2019-2028
- Ethereum
- Solana
- Avalanche
- Polygon
- BSC
- Flow
- Wax
- Ronin
- Other
Brazil NFT Market Size and Forecast by Sales Channels, 2019-2028
- Primary
- Secondary
Brazil User Statistics, 2019-2028
Reasons to buy
- Based on data and analysis, develop country-level strategies.
- Identify investment opportunities in growth segments.
- Exceed competition by incorporating forecast data as well as market trends.
- Use the relationships between major data sets with valuable insights to improve strategy.
- Appropriate for providing accurate, high-quality data and analysis to support internal and external presentations.
Table of Contents
1 About this Report1.1 Summary
1.2 Methodology
1.3 NFT Definitions
1.4 Disclaimer
2 Brazil NFT Market Size and Future Growth Dynamics by Key Performance Indicators
2.1 Brazil NFT - Total Sales Spend Value Trend Analysis, 2019 - 2028
2.2 Brazil NFT - Total Sales Spend Volume Trend Analysis, 2019 - 2028
2.3 Brazil NFT - Average Value Per Transaction Trend Analysis, 2019 - 2028
3 Brazil NFT Key Market Insight and Innovation
3.1 Consumer Behavior
3.2 Competitive Landscape and Growth Strategies
3.3 Regulation Trends
4 Brazil NFT Market Size and Forecast by Key Assets
4.1 Brazil NFT Market Share by Key Assets (%), 2021 Vs. 2028
4.2 Brazil NFT Collectibles and Art Trend Analysis, 2019 - 2028
4.3 Brazil NFT Real Estate Trend Analysis, 2019 - 2028
4.4 Brazil NFT Sports Trend Analysis, 2019 - 2028
4.5 Brazil NFT Gaming Trend Analysis, 2019 - 2028
4.6 Brazil NFT Utility Trend Analysis, 2019 - 2028
4.7 Brazil NFT Fashion and Luxury Trend Analysis, 2019 - 2028
4.8 Brazil NFT Other Assets Trend Analysis, 2019 - 2028
5 Brazil NFT Collectibles and Art Market Size and Forecast by Key Assets
5.1 Brazil NFT Collectibles and Art Market Share by Key Assets (%), 2021 Vs. 2028
5.2 Brazil NFT Collectibles and Art - Digital Art Spend Value Trend Analysis, 2019 - 2028
5.3 Brazil NFT Collectibles and Art - Music & Sound Clip Spend Value Trend Analysis, 2019 - 2028
5.4 Brazil NFT Collectibles and Art - Videos Spend Value Trend Analysis, 2019 - 2028
5.5 Brazil NFT Collectibles and Art - Memes & GIF Spend Value Trend Analysis, 2019 - 2028
5.6 Brazil NFT Collectibles and Art - Other Assets Spend Value Trend Analysis, 2019 - 2028
6 Brazil NFT Market Size and Forecast by Currency
6.1 Brazil NFT Market Share by Currency (%), 2021 Vs. 2028
6.2 Brazil NFT Currency Ethereum - Spend Value Trend Analysis, 2019 - 2028
6.3 Brazil NFT Currency Solana - Spend Value Trend Analysis, 2019 - 2028
6.4 Brazil NFT Currency Avalanche - Spend Value Trend Analysis, 2019 - 2028
6.5 Brazil NFT Currency Polygon - Spend Value Trend Analysis, 2019 - 2028
6.6 Brazil NFT Currency BSC - Spend Value Trend Analysis, 2019 - 2028
6.7 Brazil NFT Currency Flow - Spend Value Trend Analysis, 2019 - 2028
6.8 Brazil NFT Currency WAX - Spend Value Trend Analysis, 2019 - 2028
6.9 Brazil NFT Currency Ronin - Spend Value Trend Analysis, 2019 - 2028
6.10 Brazil NFT Other Currencies - Spend Value Trend Analysis, 2019 - 2028
7 Brazil NFT Market Size and Forecast by Key Sales Channels
7.1 Brazil NFT Market Share by Key Sales Channels (%), 2021 Vs. 2028
7.2 Brazil NFT Primary Market - Spend Value Trend Analysis, 2019 - 2028
7.3 Brazil NFT Secondary Market - Spend Value Trend Analysis, 2019 - 2028
8 Brazil User Statistics of Internet and Population, 2019 - 2028
8.1 Brazil Internet Users Trend Analysis, 2019 - 2028
8.2 Brazil Internet Penetration Rate, 2019 - 2028
8.3 Brazil Adult Population Trend Analysis, 2019 - 2028
9 Further Reading
9.1 About the Publisher
List of FiguresFigure 1: Methodology Framework
Figure 2: Brazil NFT - Total Sales Spend Value (US$ Million), 2019 - 2028
Figure 3: Brazil NFT - Total Sales Spend Volume (Thousands), 2019 - 2028
Figure 4: Brazil NFT - Average Value Per Transaction (US$), 2019 - 2028
Figure 5: Brazil NFT Market Share by Key Assets (%), 2021 Vs. 2028
Figure 6: Brazil NFT Collectibles and Art - Spend Value (US$ Million), 2019 - 2028
Figure 7: Brazil NFT Collectibles and Art - Spend Volume (Thousands), 2019 - 2028
Figure 8: Brazil NFT Collectibles and Art - Average Value Per Transaction (US$), 2019 - 2028
Figure 9: Brazil NFT Real Estate - Spend Value (US$ Million), 2019 - 2028
Figure 10: Brazil NFT Real Estate - Spend Volume (Thousands), 2019 - 2028
Figure 11: Brazil NFT Real Estate - Average Value Per Transaction (US$), 2019 - 2028
Figure 12: Brazil NFT Sports - Spend Value (US$ Million), 2019 - 2028
Figure 13: Brazil NFT Sports - Spend Volume (Thousands), 2019 - 2028
Figure 14: Brazil NFT Sports - Average Value Per Transaction (US$), 2019 - 2028
Figure 15: Brazil NFT Gaming - Spend Value (US$ Million), 2019 - 2028
Figure 16: Brazil NFT Gaming - Spend Volume (Thousands), 2019 - 2028
Figure 17: Brazil NFT Gaming - Average Value Per Transaction (US$), 2019 - 2028
Figure 18: Brazil NFT Utility - Spend Value (US$ Million), 2019 - 2028
Figure 19: Brazil NFT Utility - Spend Volume (Thousands), 2019 - 2028
Figure 20: Brazil NFT Utility - Average Value Per Transaction (US$), 2019 - 2028
Figure 21: Brazil NFT Fashion and Luxury - Spend Value (US$ Million), 2019 - 2028
Figure 22: Brazil NFT Fashion and Luxury - Spend Volume (Thousands), 2019 - 2028
Figure 23: Brazil NFT Fashion and Luxury - Average Value Per Transaction (US$), 2019 - 2028
Figure 24: Brazil NFT Other Assets - Spend Value (US$ Million), 2019 - 2028
Figure 25: Brazil NFT Other Assets - Spend Volume (Thousands), 2019 - 2028
Figure 26: Brazil NFT Other Assets - Average Value Per Transaction (US$), 2019 - 2028
Figure 27: Brazil NFT Collectibles and Art Market Share by Key Assets (%), 2021 Vs. 2028
Figure 28: Brazil NFT Collectibles and Art - Digital Art Spend Value (US$ Million), 2019 - 2028
Figure 29: Brazil NFT Collectibles and Art - Music & Sound Clip Spend Value (US$ Million), 2019 - 2028
Figure 30: Brazil NFT Collectibles and Art - Videos Spend Value (US$ Million), 2019 - 2028
Figure 31: Brazil NFT Collectibles and Art - Memes & GIF Spend Value (US$ Million), 2019 - 2028
Figure 32: Brazil NFT Collectibles and Art - Other Assets Spend Value (US$ Million), 2019 - 2028
Figure 33: Brazil NFT Market Share by Currency (%), 2021 Vs. 2028
Figure 34: Brazil NFT Currency Ethereum - Spend Value (US$ Million), 2019 - 2028
Figure 35: Brazil NFT Currency Solana - Spend Value (US$ Million), 2019 - 2028
Figure 36: Brazil NFT Currency Avalanche - Spend Value (US$ Million), 2019 - 2028
Figure 37: Brazil NFT Currency Polygon - Spend Value (US$ Million), 2019 - 2028
Figure 38: Brazil NFT Currency BSC - Spend Value (US$ Million), 2019 - 2028
Figure 39: Brazil NFT Currency Flow - Spend Value (US$ Million), 2019 - 2028
Figure 40: Brazil NFT Currency WAX - Spend Value (US$ Million), 2019 - 2028
Figure 41: Brazil NFT Currency Ronin - Spend Value (US$ Million), 2019 - 2028
Figure 42: Brazil NFT Other Currencies - Spend Value (US$ Million), 2019 - 2028
Figure 43: Brazil NFT Market Share by Key Sales Channels (%), 2021 Vs. 2028
Figure 44: Brazil NFT Primary Market - Spend Value (US$ Million), 2019 - 2028
Figure 45: Brazil NFT Secondary Market - Spend Value (US$ Million), 2019 - 2028
Figure 46: Brazil Internet Users Trend Analysis (Million), 2019 - 2028
Figure 47: Brazil Internet Penetration Rate (%), 2019 - 2028
Figure 48: Brazil Adult Population Trend Analysis (Million), 2019 - 2028
List of TablesTable 1: Brazil NFT - Total Sales Spend Value (US$ Million), 2019 - 2028
Table 2: Brazil NFT - Total Sales Spend Volume (Thousands), 2019 - 2028
Table 3: Brazil NFT - Average Value Per Transaction (US$), 2019 - 2028
Table 4: Brazil NFT Collectibles and Art - Spend Value (US$ Million), 2019 - 2028
Table 5: Brazil NFT Collectibles and Art - Spend Volume (Thousands), 2019 - 2028
Table 6: Brazil NFT Collectibles and Art - Average Value Per Transaction (US$), 2019 - 2028
Table 7: Brazil NFT Real Estate - Spend Value (US$ Million), 2019 - 2028
Table 8: Brazil NFT Real Estate - Spend Volume (Thousands), 2019 - 2028
Table 9: Brazil NFT Real Estate - Average Value Per Transaction (US$), 2019 - 2028
Table 10: Brazil NFT Sports - Spend Value (US$ Million), 2019 - 2028
Table 11: Brazil NFT Sports - Spend Volume (Thousands), 2019 - 2028
Table 12: Brazil NFT Sports - Average Value Per Transaction (US$), 2019 - 2028
Table 13: Brazil NFT Gaming - Spend Value (US$ Million), 2019 - 2028
Table 14: Brazil NFT Gaming - Spend Volume (Thousands), 2019 - 2028
Table 15: Brazil NFT Gaming - Average Value Per Transaction (US$), 2019 - 2028
Table 16: Brazil NFT Utility - Spend Value (US$ Million), 2019 - 2028
Table 17: Brazil NFT Utility - Spend Volume (Thousands), 2019 - 2028
Table 18: Brazil NFT Utility - Average Value Per Transaction (US$), 2019 - 2028
Table 19: Brazil NFT Fashion and Luxury - Spend Value (US$ Million), 2019 - 2028
Table 20: Brazil NFT Fashion and Luxury - Spend Volume (Thousands), 2019 - 2028
Table 21: Brazil NFT Fashion and Luxury - Average Value Per Transaction (US$), 2019 - 2028
Table 22: Brazil NFT Other Assets - Spend Value (US$ Million), 2019 - 2028
Table 23: Brazil NFT Other Assets - Spend Volume (Thousands), 2019 - 2028
Table 24: Brazil NFT Other Assets - Average Value Per Transaction (US$), 2019 - 2028
Table 25: Brazil NFT Collectibles and Art - Digital Art Spend Value (US$ Million), 2019 - 2028
Table 26: Brazil NFT Collectibles and Art - Music & Sound Clip Spend Value (US$ Million), 2019 - 2028
Table 27: Brazil NFT Collectibles and Art - Videos Spend Value (US$ Million), 2019 - 2028
Table 28: Brazil NFT Collectibles and Art - Memes & GIF Spend Value (US$ Million), 2019 - 2028
Table 29: Brazil NFT Collectibles and Art - Other Assets Spend Value (US$ Million), 2019 - 2028
Table 30: Brazil NFT Currency Ethereum - Spend Value (US$ Million), 2019 - 2028
Table 31: Brazil NFT Currency Solana - Spend Value (US$ Million), 2019 - 2028
Table 32: Brazil NFT Currency Avalanche - Spend Value (US$ Million), 2019 - 2028
Table 33: Brazil NFT Currency Polygon - Spend Value (US$ Million), 2019 - 2028
Table 34: Brazil NFT Currency BSC - Spend Value (US$ Million), 2019 - 2028
Table 35: Brazil NFT Currency Flow - Spend Value (US$ Million), 2019 - 2028
Table 36: Brazil NFT Currency WAX - Spend Value (US$ Million), 2019 - 2028
Table 37: Brazil NFT Currency Ronin - Spend Value (US$ Million), 2019 - 2028
