According to the Q2 2022 NFT Survey, NFT industry in Germany is expected to grow by 46.0% on an annual basis to reach US$1109.4 million in 2022.
The NFT industry is expected to grow steadily over the forecast period, recording a CAGR of 33.4% during 2022-2028. The NFT Spend Value in the country will increase from US$1109.4 million in 2022 to reach US$5706.6 million by 2028.
Globally, the NFT market is booming since NFTs are an innovation that establishes property rights in the digital zone for the first time, and this uniqueness is driving the value of NFTs and hence, the market.
In Germany, NFTs are mainly used in digital trading cards, game characters, virtual lands in virtual worlds, or crypto art. As per a novel crypto exchange aggregator, Coincub, Germany had outrun Singapore as the most crypto-friendly country. Germany adopted blockchain technology long back in 2019, boosting digital transformation. This further made the country an attractive hub for developing blockchain, NFT, Web3, and metaverse applications which are further leveraged in fintech, climate tech, and businesses, including Germany’s digital identities project.
Since the country started to allow crypto investments in long-term domestic savings, the country turned out to be the most suitable for crypto investments. Therefore, the publisher anticipates that in a country such as Germany, where the government's policies are smart and sharp and are much ahead of time, the country is likely to witness substantial growth over the next three to four years.
German companies such as About You, SAP, BrainBot, BigchainDB, and many others have been developing NFT, Metaverse, Web3, and crypto payment applications in e-commerce platforms. To fund these upcoming new technologies, a New York-based ETF sponsor focused on innovative thematic funds, Roundhill Investments, introduced the Roundhill Ball Metaverse UCITS ETF on the Deutsche Börse Xetra in March 2022. This is Germany’s first metaverse exchange-traded fund. Thus, it can be inferred that these developments have enabled Germany to adopt and utilize the NFT market in various businesses and organizations in the country. Further, various blockchain start-ups had established in Germany’s crypto capital of Berlin, boosting the NFT and allied new markets.
The publisher projects that over the next four to eight quarters, the country with a regulatory framework facilitating crypto investments is likely to see significant new start-ups and established businesses plunge into the NFT space to drive growth in business.
The main technology behind most NFTs is Ethereum cryptocurrency’s blockchain, a distributed public ledger that records transactions. People are interested in crypto trading and like to collect artworks by NFTs.Germany was ranked as one of the European countries that saw high cryptocurrency adoption in Q1 2022 as Coinclub, an online portal for coin collectors. A Few drivers in the NFT market provide impetus to the NFT market in Germany.
Of all the EU countries, Germany enables the user to invest in crypto for long-term domestic savings. Its zero-tax policy supports long-term capital gains from crypto investments. Therefore, it states clearly that these pro-government regulations provided momentum to the NFT adoption in the country.
Germany was the first country to adopt blockchain technology and harness it to advance digital transformation in 2019., At the end of January 2021, Germany’s second-largest stock exchange, Boerse Stuttgart Group, officially introduced its crypto-trading app Bison, which enables free-of-charge trading in Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP). Therefore, early adoption of this technology helped develop NFTs, Web3, and metaverse applications in fintech, climate tech, and business in Germany. Additionally, various companies in Germany started developing NFT, Metaverse, Web3, and crypto payment applications leveraging this technology.
When a person buys an NFT, they gain ownership of the content. However, when it is made public, its value will keep increasing the more it is viewed on the internet. Thus, this is an ongoing source of revenue for the original creator as popular digital assets are bought and sold over time. Artists are entering the NFT space with mutations of their artworks in the country to earn revenue
With the increasing popularity of NFTs, artists and content creators are converting their digital artworks to earn profits. After minting the NFT, the creators have ownership of these unique contents. Therefore, an increasing number of artists are seen to mint NFTs to enhance their profits over the long run. For instance,
This report provides in-depth, data-centric analysis of NFT Market in Germany 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 33.4% during 2022-2028. The NFT Spend Value in the country will increase from US$1109.4 million in 2022 to reach US$5706.6 million by 2028.
Globally, the NFT market is booming since NFTs are an innovation that establishes property rights in the digital zone for the first time, and this uniqueness is driving the value of NFTs and hence, the market.
In Germany, NFTs are mainly used in digital trading cards, game characters, virtual lands in virtual worlds, or crypto art. As per a novel crypto exchange aggregator, Coincub, Germany had outrun Singapore as the most crypto-friendly country. Germany adopted blockchain technology long back in 2019, boosting digital transformation. This further made the country an attractive hub for developing blockchain, NFT, Web3, and metaverse applications which are further leveraged in fintech, climate tech, and businesses, including Germany’s digital identities project.
Since the country started to allow crypto investments in long-term domestic savings, the country turned out to be the most suitable for crypto investments. Therefore, the publisher anticipates that in a country such as Germany, where the government's policies are smart and sharp and are much ahead of time, the country is likely to witness substantial growth over the next three to four years.
German companies such as About You, SAP, BrainBot, BigchainDB, and many others have been developing NFT, Metaverse, Web3, and crypto payment applications in e-commerce platforms. To fund these upcoming new technologies, a New York-based ETF sponsor focused on innovative thematic funds, Roundhill Investments, introduced the Roundhill Ball Metaverse UCITS ETF on the Deutsche Börse Xetra in March 2022. This is Germany’s first metaverse exchange-traded fund. Thus, it can be inferred that these developments have enabled Germany to adopt and utilize the NFT market in various businesses and organizations in the country. Further, various blockchain start-ups had established in Germany’s crypto capital of Berlin, boosting the NFT and allied new markets.
The publisher projects that over the next four to eight quarters, the country with a regulatory framework facilitating crypto investments is likely to see significant new start-ups and established businesses plunge into the NFT space to drive growth in business.
Drivers of the NFT Market
The main technology behind most NFTs is Ethereum cryptocurrency’s blockchain, a distributed public ledger that records transactions. People are interested in crypto trading and like to collect artworks by NFTs.Germany was ranked as one of the European countries that saw high cryptocurrency adoption in Q1 2022 as Coinclub, an online portal for coin collectors. A Few drivers in the NFT market provide impetus to the NFT market in Germany.
Government regulations facilitating the NFT market in the country
Of all the EU countries, Germany enables the user to invest in crypto for long-term domestic savings. Its zero-tax policy supports long-term capital gains from crypto investments. Therefore, it states clearly that these pro-government regulations provided momentum to the NFT adoption in the country.
Early blockchain technology adoption in the country
Germany was the first country to adopt blockchain technology and harness it to advance digital transformation in 2019., At the end of January 2021, Germany’s second-largest stock exchange, Boerse Stuttgart Group, officially introduced its crypto-trading app Bison, which enables free-of-charge trading in Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP). Therefore, early adoption of this technology helped develop NFTs, Web3, and metaverse applications in fintech, climate tech, and business in Germany. Additionally, various companies in Germany started developing NFT, Metaverse, Web3, and crypto payment applications leveraging this technology.
Economies of royalty are providing momentum to the NFT market in the country
When a person buys an NFT, they gain ownership of the content. However, when it is made public, its value will keep increasing the more it is viewed on the internet. Thus, this is an ongoing source of revenue for the original creator as popular digital assets are bought and sold over time. Artists are entering the NFT space with mutations of their artworks in the country to earn revenue
With the increasing popularity of NFTs, artists and content creators are converting their digital artworks to earn profits. After minting the NFT, the creators have ownership of these unique contents. Therefore, an increasing number of artists are seen to mint NFTs to enhance their profits over the long run. For instance,
- A German-Polish artist, Alicja Kwade, who created artwork of her genome in 2020, had mutated in a series of NFTs in 2022. Her artwork, Selbstportrait, German for a self-portrait, was printed on 259,025 sheets of A4 paper.
- Interestingly, these NFTs are innovative since each part of the artwork will help the collector trace back to the person, the artist herself, since these NFTs are her genetic traits which are now made public. Her DNA self-portrait, Selbstportrait, is different from the traditional self-portrait as it is a matrix and depicts information that emphasizes similarities of individuals. It also points out how many differences are determined by an individual’s upbringing, beliefs, and social injustices. Therefore, the publisher expects this unique DNA-based artwork to receive significant accolades from the collectors and fans in the country.
Scope
This report provides in-depth, data-centric analysis of NFT Market in Germany and below is the summary of key market segments:
Germany NFT Market Size and Future Growth Dynamics by Key Performance Indicators, 2019-2028
Germany NFT Market Size and Forecast by Key Assets, 2019-2028
- Collectibles and Art
- Real Estate
- Sports
- Gaming
- Utility
- Fashion & Luxury
- Other
Germany NFT Market Size and Forecast by Key NFT Collectible Assets, 2019-2028
- Digital Art
- Music & Sound Clip
- Videos
- Memes & Gif
- Other
Germany NFT Market Size and Forecast by Currency, 2019-2028
- Ethereum
- Solana
- Avalanche
- Polygon
- BSC
- Flow
- Wax
- Ronin
- Other
Germany NFT Market Size and Forecast by Sales Channels, 2019-2028
- Primary
- Secondary
Germany 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 Germany NFT Market Size and Future Growth Dynamics by Key Performance Indicators
2.1 Germany NFT - Total Sales Spend Value Trend Analysis, 2019 - 2028
2.2 Germany NFT - Total Sales Spend Volume Trend Analysis, 2019 - 2028
2.3 Germany NFT - Average Value Per Transaction Trend Analysis, 2019 - 2028
3 Germany NFT Key Market Insight and Innovation
3.1 Consumer Behavior
3.2 Competitive Landscape and Growth Strategies
3.3 Regulation Trends
4 Germany NFT Market Size and Forecast by Key Assets
4.1 Germany NFT Market Share by Key Assets (%), 2021 Vs. 2028
4.2 Germany NFT Collectibles and Art Trend Analysis, 2019 - 2028
4.3 Germany NFT Real Estate Trend Analysis, 2019 - 2028
4.4 Germany NFT Sports Trend Analysis, 2019 - 2028
4.5 Germany NFT Gaming Trend Analysis, 2019 - 2028
4.6 Germany NFT Utility Trend Analysis, 2019 - 2028
4.7 Germany NFT Fashion and Luxury Trend Analysis, 2019 - 2028
4.8 Germany NFT Other Assets Trend Analysis, 2019 - 2028
5 Germany NFT Collectibles and Art Market Size and Forecast by Key Assets
5.1 Germany NFT Collectibles and Art Market Share by Key Assets (%), 2021 Vs. 2028
5.2 Germany NFT Collectibles and Art - Digital Art Spend Value Trend Analysis, 2019 - 2028
5.3 Germany NFT Collectibles and Art - Music & Sound Clip Spend Value Trend Analysis, 2019 - 2028
5.4 Germany NFT Collectibles and Art - Videos Spend Value Trend Analysis, 2019 - 2028
5.5 Germany NFT Collectibles and Art - Memes & GIF Spend Value Trend Analysis, 2019 - 2028
5.6 Germany NFT Collectibles and Art - Other Assets Spend Value Trend Analysis, 2019 - 2028
6 Germany NFT Market Size and Forecast by Currency
6.1 Germany NFT Market Share by Currency (%), 2021 Vs. 2028
6.2 Germany NFT Currency Ethereum - Spend Value Trend Analysis, 2019 - 2028
6.3 Germany NFT Currency Solana - Spend Value Trend Analysis, 2019 - 2028
6.4 Germany NFT Currency Avalanche - Spend Value Trend Analysis, 2019 - 2028
6.5 Germany NFT Currency Polygon - Spend Value Trend Analysis, 2019 - 2028
6.6 Germany NFT Currency BSC - Spend Value Trend Analysis, 2019 - 2028
6.7 Germany NFT Currency Flow - Spend Value Trend Analysis, 2019 - 2028
6.8 Germany NFT Currency WAX - Spend Value Trend Analysis, 2019 - 2028
6.9 Germany NFT Currency Ronin - Spend Value Trend Analysis, 2019 - 2028
6.10 Germany NFT Other Currencies - Spend Value Trend Analysis, 2019 - 2028
7 Germany NFT Market Size and Forecast by Key Sales Channels
7.1 Germany NFT Market Share by Key Sales Channels (%), 2021 Vs. 2028
7.2 Germany NFT Primary Market - Spend Value Trend Analysis, 2019 - 2028
7.3 Germany NFT Secondary Market - Spend Value Trend Analysis, 2019 - 2028
8 Germany User Statistics of Internet and Population, 2019 - 2028
8.1 Germany Internet Users Trend Analysis, 2019 - 2028
8.2 Germany Internet Penetration Rate, 2019 - 2028
8.3 Germany Adult Population Trend Analysis, 2019 - 2028
9 Further Reading
9.1 About the Publisher
List of FiguresFigure 1: Methodology Framework
Figure 2: Germany NFT - Total Sales Spend Value (US$ Million), 2019 - 2028
Figure 3: Germany NFT - Total Sales Spend Volume (Thousands), 2019 - 2028
Figure 4: Germany NFT - Average Value Per Transaction (US$), 2019 - 2028
Figure 5: Germany NFT Market Share by Key Assets (%), 2021 Vs. 2028
Figure 6: Germany NFT Collectibles and Art - Spend Value (US$ Million), 2019 - 2028
Figure 7: Germany NFT Collectibles and Art - Spend Volume (Thousands), 2019 - 2028
Figure 8: Germany NFT Collectibles and Art - Average Value Per Transaction (US$), 2019 - 2028
Figure 9: Germany NFT Real Estate - Spend Value (US$ Million), 2019 - 2028
Figure 10: Germany NFT Real Estate - Spend Volume (Thousands), 2019 - 2028
Figure 11: Germany NFT Real Estate - Average Value Per Transaction (US$), 2019 - 2028
Figure 12: Germany NFT Sports - Spend Value (US$ Million), 2019 - 2028
Figure 13: Germany NFT Sports - Spend Volume (Thousands), 2019 - 2028
Figure 14: Germany NFT Sports - Average Value Per Transaction (US$), 2019 - 2028
Figure 15: Germany NFT Gaming - Spend Value (US$ Million), 2019 - 2028
Figure 16: Germany NFT Gaming - Spend Volume (Thousands), 2019 - 2028
Figure 17: Germany NFT Gaming - Average Value Per Transaction (US$), 2019 - 2028
Figure 18: Germany NFT Utility - Spend Value (US$ Million), 2019 - 2028
Figure 19: Germany NFT Utility - Spend Volume (Thousands), 2019 - 2028
Figure 20: Germany NFT Utility - Average Value Per Transaction (US$), 2019 - 2028
Figure 21: Germany NFT Fashion and Luxury - Spend Value (US$ Million), 2019 - 2028
Figure 22: Germany NFT Fashion and Luxury - Spend Volume (Thousands), 2019 - 2028
Figure 23: Germany NFT Fashion and Luxury - Average Value Per Transaction (US$), 2019 - 2028
Figure 24: Germany NFT Other Assets - Spend Value (US$ Million), 2019 - 2028
Figure 25: Germany NFT Other Assets - Spend Volume (Thousands), 2019 - 2028
Figure 26: Germany NFT Other Assets - Average Value Per Transaction (US$), 2019 - 2028
Figure 27: Germany NFT Collectibles and Art Market Share by Key Assets (%), 2021 Vs. 2028
Figure 28: Germany NFT Collectibles and Art - Digital Art Spend Value (US$ Million), 2019 - 2028
Figure 29: Germany NFT Collectibles and Art - Music & Sound Clip Spend Value (US$ Million), 2019 - 2028
Figure 30: Germany NFT Collectibles and Art - Videos Spend Value (US$ Million), 2019 - 2028
Figure 31: Germany NFT Collectibles and Art - Memes & GIF Spend Value (US$ Million), 2019 - 2028
Figure 32: Germany NFT Collectibles and Art - Other Assets Spend Value (US$ Million), 2019 - 2028
Figure 33: Germany NFT Market Share by Currency (%), 2021 Vs. 2028
Figure 34: Germany NFT Currency Ethereum - Spend Value (US$ Million), 2019 - 2028
Figure 35: Germany NFT Currency Solana - Spend Value (US$ Million), 2019 - 2028
Figure 36: Germany NFT Currency Avalanche - Spend Value (US$ Million), 2019 - 2028
Figure 37: Germany NFT Currency Polygon - Spend Value (US$ Million), 2019 - 2028
Figure 38: Germany NFT Currency BSC - Spend Value (US$ Million), 2019 - 2028
Figure 39: Germany NFT Currency Flow - Spend Value (US$ Million), 2019 - 2028
Figure 40: Germany NFT Currency WAX - Spend Value (US$ Million), 2019 - 2028
Figure 41: Germany NFT Currency Ronin - Spend Value (US$ Million), 2019 - 2028
Figure 42: Germany NFT Other Currencies - Spend Value (US$ Million), 2019 - 2028
Figure 43: Germany NFT Market Share by Key Sales Channels (%), 2021 Vs. 2028
Figure 44: Germany NFT Primary Market - Spend Value (US$ Million), 2019 - 2028
Figure 45: Germany NFT Secondary Market - Spend Value (US$ Million), 2019 - 2028
Figure 46: Germany Internet Users Trend Analysis (Million), 2019 - 2028
Figure 47: Germany Internet Penetration Rate (%), 2019 - 2028
Figure 48: Germany Adult Population Trend Analysis (Million), 2019 - 2028
List of TablesTable 1: Germany NFT - Total Sales Spend Value (US$ Million), 2019 - 2028
Table 2: Germany NFT - Total Sales Spend Volume (Thousands), 2019 - 2028
Table 3: Germany NFT - Average Value Per Transaction (US$), 2019 - 2028
Table 4: Germany NFT Collectibles and Art - Spend Value (US$ Million), 2019 - 2028
Table 5: Germany NFT Collectibles and Art - Spend Volume (Thousands), 2019 - 2028
Table 6: Germany NFT Collectibles and Art - Average Value Per Transaction (US$), 2019 - 2028
Table 7: Germany NFT Real Estate - Spend Value (US$ Million), 2019 - 2028
Table 8: Germany NFT Real Estate - Spend Volume (Thousands), 2019 - 2028
Table 9: Germany NFT Real Estate - Average Value Per Transaction (US$), 2019 - 2028
Table 10: Germany NFT Sports - Spend Value (US$ Million), 2019 - 2028
Table 11: Germany NFT Sports - Spend Volume (Thousands), 2019 - 2028
Table 12: Germany NFT Sports - Average Value Per Transaction (US$), 2019 - 2028
Table 13: Germany NFT Gaming - Spend Value (US$ Million), 2019 - 2028
Table 14: Germany NFT Gaming - Spend Volume (Thousands), 2019 - 2028
Table 15: Germany NFT Gaming - Average Value Per Transaction (US$), 2019 - 2028
Table 16: Germany NFT Utility - Spend Value (US$ Million), 2019 - 2028
Table 17: Germany NFT Utility - Spend Volume (Thousands), 2019 - 2028
Table 18: Germany NFT Utility - Average Value Per Transaction (US$), 2019 - 2028
Table 19: Germany NFT Fashion and Luxury - Spend Value (US$ Million), 2019 - 2028
Table 20: Germany NFT Fashion and Luxury - Spend Volume (Thousands), 2019 - 2028
Table 21: Germany NFT Fashion and Luxury - Average Value Per Transaction (US$), 2019 - 2028
Table 22: Germany NFT Other Assets - Spend Value (US$ Million), 2019 - 2028
Table 23: Germany NFT Other Assets - Spend Volume (Thousands), 2019 - 2028
Table 24: Germany NFT Other Assets - Average Value Per Transaction (US$), 2019 - 2028
Table 25: Germany NFT Collectibles and Art - Digital Art Spend Value (US$ Million), 2019 - 2028
Table 26: Germany NFT Collectibles and Art - Music & Sound Clip Spend Value (US$ Million), 2019 - 2028
Table 27: Germany NFT Collectibles and Art - Videos Spend Value (US$ Million), 2019 - 2028
Table 28: Germany NFT Collectibles and Art - Memes & GIF Spend Value (US$ Million), 2019 - 2028
Table 29: Germany NFT Collectibles and Art - Other Assets Spend Value (US$ Million), 2019 - 2028
Table 30: Germany NFT Currency Ethereum - Spend Value (US$ Million), 2019 - 2028
Table 31: Germany NFT Currency Solana - Spend Value (US$ Million), 2019 - 2028
Table 32: Germany NFT Currency Avalanche - Spend Value (US$ Million), 2019 - 2028
Table 33: Germany NFT Currency Polygon - Spend Value (US$ Million), 2019 - 2028
Table 34: Germany NFT Currency BSC - Spend Value (US$ Million), 2019 - 2028
Table 35: Germany NFT Currency Flow - Spend Value (US$ Million), 2019 - 2028
Table 36: Germany NFT Currency WAX - Spend Value (US$ Million), 2019 - 2028
Table 37: Germany NFT Currency Ronin - Spend Value (US$ Million), 2019 - 2028
