According to the Q2 2022 NFT Survey, NFT industry in Europe is expected to grow by 46.8% on an annual basis to reach US$13353.4 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$13353.4 million in 2022 to reach US$68558.5 million by 2028.
In Europe, the NFT market witnessed significant growth recently. 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 European market.
The NFTs have become prominent across Europe, including in some of the countries such as the United Kingdom, Germany, France and Italy. Every industry finds an innovative NFT use case, from sports to real estate to entertainment. This NFT uses cases to support the market's growth in the country. Moreover, as NFT startups continue to innovate and develop differentiated NFT products, these startups are also raising funding rounds in the country to further accelerate their growth.
Notably, the support from the government towards the development of the NFT industry is a testament to the high growth potential of the NFT market in the United Kingdom. With the NFT market just starting in the country, the publisher expects the industry to record strong growth over the next three to four years.
The global NFT industry is expected to record strong growth over three to four years. In the growing prominence and popularity of the NFT market in the United Kingdom, NFT startups are raising funding rounds to further accelerate the growth of their marketplaces. For instance,
With the NFT market expected to record strong growth over the next three to four years, venture capital firms are increasing their stake in NFT startups in the United Kingdom to get a major market share. For instance,
Millions of social media users have looking for ways to monetize their content online. Targeting such users, NFT startups are creating innovative products which allow social media users to create NFTs and monetize their content. For instance,
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 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. Further, various blockchain startups had established in Germany's crypto capital of Berlin, boosting the NFT and allied new markets.
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.
Similar trends are visible in France, where startups enter the NFT space to drive brand awareness and consumer engagement. 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.
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 entering the space. 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,
Therefore, the publisher expects more Italian artists to enter the NFT arena with innovative works over the longer run, earning significant revenue and capturing the European market.
This report provides in-depth, data-centric analysis of NFT Market 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$13353.4 million in 2022 to reach US$68558.5 million by 2028.
In Europe, the NFT market witnessed significant growth recently. 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 European market.
The NFTs have become prominent across Europe, including in some of the countries such as the United Kingdom, Germany, France and Italy. Every industry finds an innovative NFT use case, from sports to real estate to entertainment. This NFT uses cases to support the market's growth in the country. Moreover, as NFT startups continue to innovate and develop differentiated NFT products, these startups are also raising funding rounds in the country to further accelerate their growth.
The United Kingdom NFT industry is also getting support from the government
Notably, the support from the government towards the development of the NFT industry is a testament to the high growth potential of the NFT market in the United Kingdom. With the NFT market just starting in the country, the publisher expects the industry to record strong growth over the next three to four years.
NFT marketplaces are raising funding rounds to drive their growth in the NFT industry
The global NFT industry is expected to record strong growth over three to four years. In the growing prominence and popularity of the NFT market in the United Kingdom, NFT startups are raising funding rounds to further accelerate the growth of their marketplaces. For instance,
- In March 2022, KnownOrigin, one of the leading NFT marketplaces in the United Kingdom that allows users to discover rare art, announced that the firm had raised US$4.85 million in its Series A funding round, which was led by venture capital firms GBV and Sanctor Capital. Other investors participating in the funding round include Pluto Digital, Cultur3 Capital, LD Capital, and D1 Ventures.
- The NFT startup is planning to use the funding round to further improve its NFT digital art marketplace, to allow creators to benefit from emerging technologies such as Metaverse and Web 3. According to the founder, the funding round will help the firm grow, innovate, and build an NFT ecosystem that will further accelerate the market's growth.
Venture Capital investment firm acquires 50% stake in the UK-based NFT startup
With the NFT market expected to record strong growth over the next three to four years, venture capital firms are increasing their stake in NFT startups in the United Kingdom to get a major market share. For instance,
- In April 2021, Codebase Ventures Inc. (Codebase) announced that the firm had acquired a 50% stake in the UK-based NFT startup, InstaCoin. Notably, the 50% stake acquired by Codebase represents an investment of £100,000 in the NFT startup. InstaCoin allows users to connect their social media profiles to the blockchain and create instant NFT tokens using their content.
NFT platform that allows social media users to connect their profile to blockchain and create NFTs launched in the United Kingdom
Millions of social media users have looking for ways to monetize their content online. Targeting such users, NFT startups are creating innovative products which allow social media users to create NFTs and monetize their content. For instance,
- InstaCoin, an innovative NFT startup in the United Kingdom, allows users to connect their social media profiles to the blockchain and instantly create NFT tokens from their content. This allows social media users to start monetizing the content they have created on social media platforms. Once the NFT tokens are created, followers and fans connect in the open market for immediate sales.
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 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. Further, various blockchain startups had established in Germany's crypto capital of Berlin, boosting the NFT and allied new markets.
NFT popularity has surged significantly in France
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.
Similar trends are visible in France, where startups enter the NFT space to drive brand awareness and consumer engagement. 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.
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 entering the space. 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 allowing users to collect, sell, breed, and battle NFT dragons, Paul announced that he plans 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 worldwide.
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.
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.
Therefore, the publisher expects more Italian artists to enter the NFT arena with innovative works over the longer run, earning significant revenue and capturing the European market.
This is a bundled offering, combining 14 reports, covering regional insights along with data centric analysis at regional and country level:
1. Europe NFT Insight Market Brief
2. Europe NFT Market Intelligence and Future Growth Dynamics Databook
3. Austria NFT Market Intelligence and Future Growth Dynamics Databook
4. Belgium NFT Market Intelligence and Future Growth Dynamics Databook
5. Denmark NFT Market Intelligence and Future Growth Dynamics Databook
6. Finland NFT Market Intelligence and Future Growth Dynamics Databook
7. France NFT Market Intelligence and Future Growth Dynamics Databook
8. Germany NFT Market Intelligence and Future Growth Dynamics Databook
9. Italy NFT Market Intelligence and Future Growth Dynamics Databook
10. Poland NFT Market Intelligence and Future Growth Dynamics Databook
11. Russia NFT Market Intelligence and Future Growth Dynamics Databook
12. Spain NFT Market Intelligence and Future Growth Dynamics Databook
13. Switzerland NFT Market Intelligence and Future Growth Dynamics Databook
14. United Kingdom NFT Market Intelligence and Future Growth Dynamics Databook
Scope
This report provides in-depth, data-centric analysis of NFT Market and below is the summary of key market segments:
NFT Market Size and Forecast by Key Assets, 2019-2028
- Collectibles and Art
- Real Estate
- Sports
- Gaming
- Utility
- Fashion & Luxury
- Other
NFT Market Size and Forecast by Key NFT Collectible Assets, 2019-2028
- Digital Art
- Music & Sound Clip
- Videos
- Memes & Gif
- Other
NFT Market Size and Forecast by Currency, 2019-2028
- Ethereum
- Solana
- Avalanche
- Polygon
- BSC
- Flow
- Wax
- Ronin
- Other
NFT Market Size and Forecast by Sales Channels, 2019-2028
- Primary
- Secondary
User Statistics, 2019-2028
Reasons to buy
- With the most comprehensive study on this industry, including 4 geographies.
- Based on data and analysis, develop strategies with a global perspective.
- 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
This is a bundled offering, combining 14 reports,, covering regional insights along with data centric analysis at regional and country level:1.Europe NFT Insight Market Brief
2.Europe NFT Market Intelligence and Future Growth Dynamics Databook
3.Austria NFT Market Intelligence and Future Growth Dynamics Databook
4.Belgium NFT Market Intelligence and Future Growth Dynamics Databook
5.Denmark NFT Market Intelligence and Future Growth Dynamics Databook
6.Finland NFT Market Intelligence and Future Growth Dynamics Databook
7.France NFT Market Intelligence and Future Growth Dynamics Databook
8.Germany NFT Market Intelligence and Future Growth Dynamics Databook
9.Italy NFT Market Intelligence and Future Growth Dynamics Databook
10.Poland NFT Market Intelligence and Future Growth Dynamics Databook
11.Russia NFT Market Intelligence and Future Growth Dynamics Databook
12.Spain NFT Market Intelligence and Future Growth Dynamics Databook
13.Switzerland NFT Market Intelligence and Future Growth Dynamics Databook
14.United Kingdom NFT Market Intelligence and Future Growth Dynamics Databook
All the regional and country sections above follow the following table of contents covering 45 charts and 40 tables for each country/region:
1 About this Report
1.1 Summary
1.2 Methodology
1.3 NFT Definitions
1.4 Disclaimer
2 NFT Market Size and Future Growth Dynamics by Key Performance Indicators
2.1 NFT - Total Sales Spend Value Trend Analysis, 2019 - 2028
2.2 NFT - Total Sales Spend Volume Trend Analysis, 2019 - 2028
2.3 NFT - Average Value Per Transaction Trend Analysis, 2019 - 2028
3 NFT Market Size and Forecast by Key Assets
3.1 NFT Market Share by Key Assets (%), 2021 Vs. 2028
3.2 NFT Collectibles and Art Trend Analysis, 2019 - 2028
3.3 NFT Real Estate Trend Analysis, 2019 - 2028
3.4 NFT Sports Trend Analysis, 2019 - 2028
3.5 NFT Gaming Trend Analysis, 2019 - 2028
3.6 NFT Utility Trend Analysis, 2019 - 2028
3.7 NFT Fashion and Luxury Trend Analysis, 2019 - 2028
3.8 NFT Other Assets Trend Analysis, 2019 - 2028
4 NFT Collectibles and Art Market Size and Forecast by Key Assets
4.1 NFT Collectibles and Art Market Share by Key Assets (%), 2021 Vs. 2028
4.2 NFT Collectibles and Art - Digital Art Spend Value Trend Analysis, 2019 - 2028
4.3 NFT Collectibles and Art - Music & Sound Clip Spend Value Trend Analysis, 2019 - 2028
4.4 NFT Collectibles and Art - Videos Spend Value Trend Analysis, 2019 - 2028
4.5 NFT Collectibles and Art - Memes & GIF Spend Value Trend Analysis, 2019 - 2028
4.6 NFT Collectibles and Art - Other Assets Spend Value Trend Analysis, 2019 - 2028
5 NFT Market Size and Forecast by Currency
5.1 NFT Market Share by Currency (%), 2021 Vs. 2028
5.2 NFT Currency Ethereum - Spend Value Trend Analysis, 2019 - 2028
5.3 NFT Currency Solana - Spend Value Trend Analysis, 2019 - 2028
5.4 NFT Currency Avalanche - Spend Value Trend Analysis, 2019 - 2028
5.5 NFT Currency Polygon - Spend Value Trend Analysis, 2019 - 2028
5.6 NFT Currency BSC - Spend Value Trend Analysis, 2019 - 2028
5.7 NFT Currency Flow - Spend Value Trend Analysis, 2019 - 2028
5.8 NFT Currency WAX - Spend Value Trend Analysis, 2019 - 2028
5.9 NFT Currency Ronin - Spend Value Trend Analysis, 2019 - 2028
5.10 NFT Other Currencies - Spend Value Trend Analysis, 2019 - 2028
6 NFT Market Size and Forecast by Key Sales Channels
6.1 NFT Market Share by Key Sales Channels (%), 2021 Vs. 2028
6.2 NFT Primary Market - Spend Value Trend Analysis, 2019 - 2028
6.3 NFT Secondary Market - Spend Value Trend Analysis, 2019 - 2028
7 Further Reading
7.1 About the Publisher
All country reports mentioned above will have the following tables:Figure 1: Methodology Framework
Figure 2: NFT - Total Sales Spend Value (US$ Million), 2019 - 2028
Figure 3: NFT - Total Sales Spend Volume (Thousands), 2019 - 2028
Figure 4: NFT - Average Value Per Transaction (US$), 2019 - 2028
Figure 5: NFT Market Share by Key Assets (%), 2021 Vs. 2028
Figure 6: NFT Collectibles and Art - Spend Value (US$ Million), 2019 - 2028
Figure 7: NFT Collectibles and Art - Spend Volume (Thousands), 2019 - 2028
Figure 8: NFT Collectibles and Art - Average Value Per Transaction (US$), 2019 - 2028
Figure 9: NFT Real Estate - Spend Value (US$ Million), 2019 - 2028
Figure 10: NFT Real Estate - Spend Volume (Thousands), 2019 - 2028
Figure 11: NFT Real Estate - Average Value Per Transaction (US$), 2019 - 2028
Figure 12: NFT Sports - Spend Value (US$ Million), 2019 - 2028
Figure 13: NFT Sports - Spend Volume (Thousands), 2019 - 2028
Figure 14: NFT Sports - Average Value Per Transaction (US$), 2019 - 2028
Figure 15: NFT Gaming - Spend Value (US$ Million), 2019 - 2028
Figure 16: NFT Gaming - Spend Volume (Thousands), 2019 - 2028
Figure 17: NFT Gaming - Average Value Per Transaction (US$), 2019 - 2028
Figure 18: NFT Utility - Spend Value (US$ Million), 2019 - 2028
Figure 19: NFT Utility - Spend Volume (Thousands), 2019 - 2028
Figure 20: NFT Utility - Average Value Per Transaction (US$), 2019 - 2028
Figure 21: NFT Fashion and Luxury - Spend Value (US$ Million), 2019 - 2028
Figure 22: NFT Fashion and Luxury - Spend Volume (Thousands), 2019 - 2028
Figure 23: NFT Fashion and Luxury - Average Value Per Transaction (US$), 2019 - 2028
Figure 24: NFT Other Assets - Spend Value (US$ Million), 2019 - 2028
Figure 25: NFT Other Assets - Spend Volume (Thousands), 2019 - 2028
Figure 26: NFT Other Assets - Average Value Per Transaction (US$), 2019 - 2028
Figure 27: NFT Collectibles and Art Market Share by Key Assets (%), 2021 Vs. 2028
Figure 28: NFT Collectibles and Art - Digital Art Spend Value (US$ Million), 2019 - 2028
Figure 29: NFT Collectibles and Art - Music & Sound Clip Spend Value (US$ Million), 2019 - 2028
Figure 30: NFT Collectibles and Art - Videos Spend Value (US$ Million), 2019 - 2028
Figure 31: NFT Collectibles and Art - Memes & GIF Spend Value (US$ Million), 2019 - 2028
Figure 32: NFT Collectibles and Art - Other Assets Spend Value (US$ Million), 2019 - 2028
Figure 33: NFT Market Share by Currency (%), 2021 Vs. 2028
Figure 34: NFT Currency Ethereum - Spend Value (US$ Million), 2019 - 2028
Figure 35: NFT Currency Solana - Spend Value (US$ Million), 2019 - 2028
Figure 36: NFT Currency Avalanche - Spend Value (US$ Million), 2019 - 2028
Figure 37: NFT Currency Polygon - Spend Value (US$ Million), 2019 - 2028
Figure 38: NFT Currency BSC - Spend Value (US$ Million), 2019 - 2028
Figure 39: NFT Currency Flow - Spend Value (US$ Million), 2019 - 2028
Figure 40: NFT Currency WAX - Spend Value (US$ Million), 2019 - 2028
Figure 41: NFT Currency Ronin - Spend Value (US$ Million), 2019 - 2028
Figure 42: NFT Other Currencies - Spend Value (US$ Million), 2019 - 2028
Figure 43: NFT Market Share by Key Sales Channels (%), 2021 Vs. 2028
Figure 44: NFT Primary Market - Spend Value (US$ Million), 2019 - 2028
Figure 45: NFT Secondary Market - Spend Value (US$ Million), 2019 - 2028
All country reports mentioned above will have the following tables:Table 1: NFT - Total Sales Spend Value (US$ Million), 2019 - 2028
Table 2: NFT - Total Sales Spend Volume (Thousands), 2019 - 2028
Table 3: NFT - Average Value Per Transaction (US$), 2019 - 2028
Table 4: NFT Collectibles and Art - Spend Value (US$ Million), 2019 - 2028
Table 5: NFT Collectibles and Art - Spend Volume (Thousands), 2019 - 2028
Table 6: NFT Collectibles and Art - Average Value Per Transaction (US$), 2019 - 2028
Table 7: NFT Real Estate - Spend Value (US$ Million), 2019 - 2028
Table 8: NFT Real Estate - Spend Volume (Thousands), 2019 - 2028
Table 9: NFT Real Estate - Average Value Per Transaction (US$), 2019 - 2028
Table 10: NFT Sports - Spend Value (US$ Million), 2019 - 2028
Table 11: NFT Sports - Spend Volume (Thousands), 2019 - 2028
Table 12: NFT Sports - Average Value Per Transaction (US$), 2019 - 2028
Table 13: NFT Gaming - Spend Value (US$ Million), 2019 - 2028
Table 14: NFT Gaming - Spend Volume (Thousands), 2019 - 2028
Table 15: NFT Gaming - Average Value Per Transaction (US$), 2019 - 2028
Table 16: NFT Utility - Spend Value (US$ Million), 2019 - 2028
Table 17: NFT Utility - Spend Volume (Thousands), 2019 - 2028
Table 18: NFT Utility - Average Value Per Transaction (US$), 2019 - 2028
Table 19: NFT Fashion and Luxury - Spend Value (US$ Million), 2019 - 2028
Table 20: NFT Fashion and Luxury - Spend Volume (Thousands), 2019 - 2028
Table 21: NFT Fashion and Luxury - Average Value Per Transaction (US$), 2019 - 2028
Table 22: NFT Other Assets - Spend Value (US$ Million), 2019 - 2028
Table 23: NFT Other Assets - Spend Volume (Thousands), 2019 - 2028
Table 24: NFT Other Assets - Average Value Per Transaction (US$), 2019 - 2028
Table 25: NFT Collectibles and Art - Digital Art Spend Value (US$ Million), 2019 - 2028
Table 26: NFT Collectibles and Art - Music & Sound Clip Spend Value (US$ Million), 2019 - 2028
Table 27: NFT Collectibles and Art - Videos Spend Value (US$ Million), 2019 - 2028
Table 28: NFT Collectibles and Art - Memes & GIF Spend Value (US$ Million), 2019 - 2028
Table 29: NFT Collectibles and Art - Other Assets Spend Value (US$ Million), 2019 - 2028
Table 30: NFT Currency Ethereum - Spend Value (US$ Million), 2019 - 2028
Table 31: NFT Currency Solana - Spend Value (US$ Million), 2019 - 2028
Table 32: NFT Currency Avalanche - Spend Value (US$ Million), 2019 - 2028
Table 33: NFT Currency Polygon - Spend Value (US$ Million), 2019 - 2028
Table 34: NFT Currency BSC - Spend Value (US$ Million), 2019 - 2028
Table 35: NFT Currency Flow - Spend Value (US$ Million), 2019 - 2028
Table 36: NFT Currency WAX - Spend Value (US$ Million), 2019 - 2028
Table 37: NFT Currency Ronin - Spend Value (US$ Million), 2019 - 2028
Table 38: NFT Other Currencies - Spend Value (US$ Million), 2019 - 2028
Table 39: NFT Primary Market - Spend Value (US$ Million), 2019 - 2028
Table 40: NFT Secondary Market - Spend Value (US$ Million), 2019 - 2028
