According to the Q2 2022 NFT Survey, NFT industry in France is expected to grow by 36.9% on an annual basis to reach US$989.5 million in 2022.
The NFT industry is expected to grow steadily over the forecast period, recording a CAGR of 26.8% during 2022-2028. The NFT Spend Value in the country will increase from US$989.5 million in 2022 to reach US$3810.8 million by 2028.
The popularity of non-fungible tokens has skyrocketed over the last 12 months to become a global phenomenon. Amid this growing global popularity, France has emerged as the hub driving innovation and growth in the NFT market. As more and more consumers become aware of the NFTs, the publisher expects the number to grow over the next four to eight quarters, pushing the NFT transaction value and volume from the short to medium-term perspective further.
Notably, several innovative NFT startups in the country are driving the market's growth. Moreover, many brands across industry verticals are entering the NFT space to raise funding for social causes and drive brand awareness and growth, among other use cases. The popularity of NFT is expected to increase as more celebrities in the country continue to launch their NFT collection further.
Several different startups have emerged in the NFT space in France over the last 12 months. Notably, the presence of these players and their NFT trading platforms have made it easier for the general public to buy and sell their collections in the country. This increased transaction value and volume over the last 12 months in France.
The NFT popularity has surged significantly globally over the last 12 months. One of the major reasons behind the growing popularity of NFTs is the rising number of celebrities that are entering the space. Notably, the trends are similar in France as well. For instance,
With the growing popularity of NFTs in the digital art segment, many auction houses in the country are seeking to conduct an auction of virtual works in France. For instance,
In 2021, the global NFT industry recorded strong growth, and the market is expected to keep growing over the next four to eight quarters. In the midst of this growing industry globally, French NFT startups are raising funding rounds to expand their footprint in the global markets to boost their market share further. For instance,
Globally, brands are finding innovative use cases of NFT. From using NFT to raise funding for charity organizations to use them for driving brand awareness, innovation is driving the market growth. Notably, similar trends are visible in France, where startups are entering the NFT space to drive brand awareness and consumer engagement. For instance,
This report provides in-depth, data-centric analysis of NFT Market in France 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 26.8% during 2022-2028. The NFT Spend Value in the country will increase from US$989.5 million in 2022 to reach US$3810.8 million by 2028.
The popularity of non-fungible tokens has skyrocketed over the last 12 months to become a global phenomenon. Amid this growing global popularity, France has emerged as the hub driving innovation and growth in the NFT market. As more and more consumers become aware of the NFTs, the publisher expects the number to grow over the next four to eight quarters, pushing the NFT transaction value and volume from the short to medium-term perspective further.
Notably, several innovative NFT startups in the country are driving the market's growth. Moreover, many brands across industry verticals are entering the NFT space to raise funding for social causes and drive brand awareness and growth, among other use cases. The popularity of NFT is expected to increase as more celebrities in the country continue to launch their NFT collection further.
Presence of several NFT trading platforms driving the market growth in France
Several different startups have emerged in the NFT space in France over the last 12 months. Notably, the presence of these players and their NFT trading platforms have made it easier for the general public to buy and sell their collections in the country. This increased transaction value and volume over the last 12 months in France.
French football star enters the NFT world
The NFT popularity has surged significantly globally over the last 12 months. One of the major reasons behind the growing popularity of NFTs is the rising number of celebrities that are entering the space. Notably, the trends are similar in France as well. For instance,
- In November 2021, Paul Pogba, the French football superstar, announced his entry into the NFT market. Through a strategic collaboration with CryptoDragons, the blockchain-based dragon Metaverse project which allows users to collect, sell, breed, and battle NFT dragons, Paul announced that he is planning to buy NFTs.
- Notably, Paul Pogba is not the only football player to enter the NFT space globally. Others, such as Lionel Messi, have pushed and even launched their NFT collection for football fans throughout the world.
Auction houses are conducting NFT auctions in France
With the growing popularity of NFTs in the digital art segment, many auction houses in the country are seeking to conduct an auction of virtual works in France. For instance,
- In March 2022, FauveParis, one of the leading auction houses in the country, conducted the first-ever NFT auction in France. The auction house introduced 47 lots of NFTs for auction at the event. Notably, the exhibition featured various formats of virtual artworks, which were displayed on tablets and screens in the auction room. At the event, 60% of the lots were sold for a total transaction amount of €120,000.
French NFT startups are raising funding rounds to expand their footprint in the global markets
In 2021, the global NFT industry recorded strong growth, and the market is expected to keep growing over the next four to eight quarters. In the midst of this growing industry globally, French NFT startups are raising funding rounds to expand their footprint in the global markets to boost their market share further. For instance,
- In September 2021, Sorare, one of the leading NFT startups in France, announced that the firm had raised US$680 million at a valuation of US$4.3 billion. Notably, this is the largest fundraising round raised by any startup in the French tech sector. Founded in 2018, the firm has become one of the most valuable startups in the country, with international football stars among its investors.
French startups are launching NFT sneakers in the form of mystery boxes
Globally, brands are finding innovative use cases of NFT. From using NFT to raise funding for charity organizations to use them for driving brand awareness, innovation is driving the market growth. Notably, similar trends are visible in France, where startups are entering the NFT space to drive brand awareness and consumer engagement. For instance,
- In February 2022, Sneakmart, the French startup dedicated to streetwear, launched the first collection of NFT sneakers. The firm announced that Metakicks, the NFT sneakers, will be distributed in the form of mystery boxes. This means that buyers will not know beforehand which pair of basketball shoes they will get inside.
- For the first drop, the firm has made a total of 6,250 Metakicks. The firm has created 15 unique 3D animated sneaker designs using different textures, shapes, colors, and materials. These designs have been classified on various levels of rarity. These include epic, super rare, rare, and normal.
Scope
This report provides in-depth, data-centric analysis of NFT Market in France and below is the summary of key market segments:
France NFT Market Size and Future Growth Dynamics by Key Performance Indicators, 2019-2028
France NFT Market Size and Forecast by Key Assets, 2019-2028
- Collectibles and Art
- Real Estate
- Sports
- Gaming
- Utility
- Fashion & Luxury
- Other
France NFT Market Size and Forecast by Key NFT Collectible Assets, 2019-2028
- Digital Art
- Music & Sound Clip
- Videos
- Memes & Gif
- Other
France NFT Market Size and Forecast by Currency, 2019-2028
- Ethereum
- Solana
- Avalanche
- Polygon
- BSC
- Flow
- Wax
- Ronin
- Other
France NFT Market Size and Forecast by Sales Channels, 2019-2028
- Primary
- Secondary
France 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 France NFT Market Size and Future Growth Dynamics by Key Performance Indicators
2.1 France NFT - Total Sales Spend Value Trend Analysis, 2019 - 2028
2.2 France NFT - Total Sales Spend Volume Trend Analysis, 2019 - 2028
2.3 France NFT - Average Value Per Transaction Trend Analysis, 2019 - 2028
3 France NFT Key Market Insight and Innovation
3.1 Consumer Behavior
3.2 Competitive Landscape and Growth Strategies
3.3 Regulation Trends
4 France NFT Market Size and Forecast by Key Assets
4.1 France NFT Market Share by Key Assets (%), 2021 Vs. 2028
4.2 France NFT Collectibles and Art Trend Analysis, 2019 - 2028
4.3 France NFT Real Estate Trend Analysis, 2019 - 2028
4.4 France NFT Sports Trend Analysis, 2019 - 2028
4.5 France NFT Gaming Trend Analysis, 2019 - 2028
4.6 France NFT Utility Trend Analysis, 2019 - 2028
4.7 France NFT Fashion and Luxury Trend Analysis, 2019 - 2028
4.8 France NFT Other Assets Trend Analysis, 2019 - 2028
5 France NFT Collectibles and Art Market Size and Forecast by Key Assets
5.1 France NFT Collectibles and Art Market Share by Key Assets (%), 2021 Vs. 2028
5.2 France NFT Collectibles and Art - Digital Art Spend Value Trend Analysis, 2019 - 2028
5.3 France NFT Collectibles and Art - Music & Sound Clip Spend Value Trend Analysis, 2019 - 2028
5.4 France NFT Collectibles and Art - Videos Spend Value Trend Analysis, 2019 - 2028
5.5 France NFT Collectibles and Art - Memes & GIF Spend Value Trend Analysis, 2019 - 2028
5.6 France NFT Collectibles and Art - Other Assets Spend Value Trend Analysis, 2019 - 2028
6 France NFT Market Size and Forecast by Currency
6.1 France NFT Market Share by Currency (%), 2021 Vs. 2028
6.2 France NFT Currency Ethereum - Spend Value Trend Analysis, 2019 - 2028
6.3 France NFT Currency Solana - Spend Value Trend Analysis, 2019 - 2028
6.4 France NFT Currency Avalanche - Spend Value Trend Analysis, 2019 - 2028
6.5 France NFT Currency Polygon - Spend Value Trend Analysis, 2019 - 2028
6.6 France NFT Currency BSC - Spend Value Trend Analysis, 2019 - 2028
6.7 France NFT Currency Flow - Spend Value Trend Analysis, 2019 - 2028
6.8 France NFT Currency WAX - Spend Value Trend Analysis, 2019 - 2028
6.9 France NFT Currency Ronin - Spend Value Trend Analysis, 2019 - 2028
6.10 France NFT Other Currencies - Spend Value Trend Analysis, 2019 - 2028
7 France NFT Market Size and Forecast by Key Sales Channels
7.1 France NFT Market Share by Key Sales Channels (%), 2021 Vs. 2028
7.2 France NFT Primary Market - Spend Value Trend Analysis, 2019 - 2028
7.3 France NFT Secondary Market - Spend Value Trend Analysis, 2019 - 2028
8 France User Statistics of Internet and Population, 2019 - 2028
8.1 France Internet Users Trend Analysis, 2019 - 2028
8.2 France Internet Penetration Rate, 2019 - 2028
8.3 France Adult Population Trend Analysis, 2019 - 2028
9 Further Reading
9.1 About the Publisher
List of FiguresFigure 1: Methodology Framework
Figure 2: France NFT - Total Sales Spend Value (US$ Million), 2019 - 2028
Figure 3: France NFT - Total Sales Spend Volume (Thousands), 2019 - 2028
Figure 4: France NFT - Average Value Per Transaction (US$), 2019 - 2028
Figure 5: France NFT Market Share by Key Assets (%), 2021 Vs. 2028
Figure 6: France NFT Collectibles and Art - Spend Value (US$ Million), 2019 - 2028
Figure 7: France NFT Collectibles and Art - Spend Volume (Thousands), 2019 - 2028
Figure 8: France NFT Collectibles and Art - Average Value Per Transaction (US$), 2019 - 2028
Figure 9: France NFT Real Estate - Spend Value (US$ Million), 2019 - 2028
Figure 10: France NFT Real Estate - Spend Volume (Thousands), 2019 - 2028
Figure 11: France NFT Real Estate - Average Value Per Transaction (US$), 2019 - 2028
Figure 12: France NFT Sports - Spend Value (US$ Million), 2019 - 2028
Figure 13: France NFT Sports - Spend Volume (Thousands), 2019 - 2028
Figure 14: France NFT Sports - Average Value Per Transaction (US$), 2019 - 2028
Figure 15: France NFT Gaming - Spend Value (US$ Million), 2019 - 2028
Figure 16: France NFT Gaming - Spend Volume (Thousands), 2019 - 2028
Figure 17: France NFT Gaming - Average Value Per Transaction (US$), 2019 - 2028
Figure 18: France NFT Utility - Spend Value (US$ Million), 2019 - 2028
Figure 19: France NFT Utility - Spend Volume (Thousands), 2019 - 2028
Figure 20: France NFT Utility - Average Value Per Transaction (US$), 2019 - 2028
Figure 21: France NFT Fashion and Luxury - Spend Value (US$ Million), 2019 - 2028
Figure 22: France NFT Fashion and Luxury - Spend Volume (Thousands), 2019 - 2028
Figure 23: France NFT Fashion and Luxury - Average Value Per Transaction (US$), 2019 - 2028
Figure 24: France NFT Other Assets - Spend Value (US$ Million), 2019 - 2028
Figure 25: France NFT Other Assets - Spend Volume (Thousands), 2019 - 2028
Figure 26: France NFT Other Assets - Average Value Per Transaction (US$), 2019 - 2028
Figure 27: France NFT Collectibles and Art Market Share by Key Assets (%), 2021 Vs. 2028
Figure 28: France NFT Collectibles and Art - Digital Art Spend Value (US$ Million), 2019 - 2028
Figure 29: France NFT Collectibles and Art - Music & Sound Clip Spend Value (US$ Million), 2019 - 2028
Figure 30: France NFT Collectibles and Art - Videos Spend Value (US$ Million), 2019 - 2028
Figure 31: France NFT Collectibles and Art - Memes & GIF Spend Value (US$ Million), 2019 - 2028
Figure 32: France NFT Collectibles and Art - Other Assets Spend Value (US$ Million), 2019 - 2028
Figure 33: France NFT Market Share by Currency (%), 2021 Vs. 2028
Figure 34: France NFT Currency Ethereum - Spend Value (US$ Million), 2019 - 2028
Figure 35: France NFT Currency Solana - Spend Value (US$ Million), 2019 - 2028
Figure 36: France NFT Currency Avalanche - Spend Value (US$ Million), 2019 - 2028
Figure 37: France NFT Currency Polygon - Spend Value (US$ Million), 2019 - 2028
Figure 38: France NFT Currency BSC - Spend Value (US$ Million), 2019 - 2028
Figure 39: France NFT Currency Flow - Spend Value (US$ Million), 2019 - 2028
Figure 40: France NFT Currency WAX - Spend Value (US$ Million), 2019 - 2028
Figure 41: France NFT Currency Ronin - Spend Value (US$ Million), 2019 - 2028
Figure 42: France NFT Other Currencies - Spend Value (US$ Million), 2019 - 2028
Figure 43: France NFT Market Share by Key Sales Channels (%), 2021 Vs. 2028
Figure 44: France NFT Primary Market - Spend Value (US$ Million), 2019 - 2028
Figure 45: France NFT Secondary Market - Spend Value (US$ Million), 2019 - 2028
Figure 46: France Internet Users Trend Analysis (Million), 2019 - 2028
Figure 47: France Internet Penetration Rate (%), 2019 - 2028
Figure 48: France Adult Population Trend Analysis (Million), 2019 - 2028
List of TablesTable 1: France NFT - Total Sales Spend Value (US$ Million), 2019 - 2028
Table 2: France NFT - Total Sales Spend Volume (Thousands), 2019 - 2028
Table 3: France NFT - Average Value Per Transaction (US$), 2019 - 2028
Table 4: France NFT Collectibles and Art - Spend Value (US$ Million), 2019 - 2028
Table 5: France NFT Collectibles and Art - Spend Volume (Thousands), 2019 - 2028
Table 6: France NFT Collectibles and Art - Average Value Per Transaction (US$), 2019 - 2028
Table 7: France NFT Real Estate - Spend Value (US$ Million), 2019 - 2028
Table 8: France NFT Real Estate - Spend Volume (Thousands), 2019 - 2028
Table 9: France NFT Real Estate - Average Value Per Transaction (US$), 2019 - 2028
Table 10: France NFT Sports - Spend Value (US$ Million), 2019 - 2028
Table 11: France NFT Sports - Spend Volume (Thousands), 2019 - 2028
Table 12: France NFT Sports - Average Value Per Transaction (US$), 2019 - 2028
Table 13: France NFT Gaming - Spend Value (US$ Million), 2019 - 2028
Table 14: France NFT Gaming - Spend Volume (Thousands), 2019 - 2028
Table 15: France NFT Gaming - Average Value Per Transaction (US$), 2019 - 2028
Table 16: France NFT Utility - Spend Value (US$ Million), 2019 - 2028
Table 17: France NFT Utility - Spend Volume (Thousands), 2019 - 2028
Table 18: France NFT Utility - Average Value Per Transaction (US$), 2019 - 2028
Table 19: France NFT Fashion and Luxury - Spend Value (US$ Million), 2019 - 2028
Table 20: France NFT Fashion and Luxury - Spend Volume (Thousands), 2019 - 2028
Table 21: France NFT Fashion and Luxury - Average Value Per Transaction (US$), 2019 - 2028
Table 22: France NFT Other Assets - Spend Value (US$ Million), 2019 - 2028
Table 23: France NFT Other Assets - Spend Volume (Thousands), 2019 - 2028
Table 24: France NFT Other Assets - Average Value Per Transaction (US$), 2019 - 2028
Table 25: France NFT Collectibles and Art - Digital Art Spend Value (US$ Million), 2019 - 2028
Table 26: France NFT Collectibles and Art - Music & Sound Clip Spend Value (US$ Million), 2019 - 2028
Table 27: France NFT Collectibles and Art - Videos Spend Value (US$ Million), 2019 - 2028
Table 28: France NFT Collectibles and Art - Memes & GIF Spend Value (US$ Million), 2019 - 2028
Table 29: France NFT Collectibles and Art - Other Assets Spend Value (US$ Million), 2019 - 2028
Table 30: France NFT Currency Ethereum - Spend Value (US$ Million), 2019 - 2028
Table 31: France NFT Currency Solana - Spend Value (US$ Million), 2019 - 2028
Table 32: France NFT Currency Avalanche - Spend Value (US$ Million), 2019 - 2028
Table 33: France NFT Currency Polygon - Spend Value (US$ Million), 2019 - 2028
Table 34: France NFT Currency BSC - Spend Value (US$ Million), 2019 - 2028
Table 35: France NFT Currency Flow - Spend Value (US$ Million), 2019 - 2028
Table 36: France NFT Currency WAX - Spend Value (US$ Million), 2019 - 2028
Table 37: France NFT Currency Ronin - Spend Value (US$ Million), 2019 - 2028
