Technology

Non-Fungible Token (NFT) Market to Grow by USD 84.13 Billion from 2025-2029, Increasing Demand for Digital Art Boosts Market, AI’s Impact – Technavio

Published

1 year ago

February 5, 2025

NEW YORK, Feb. 5, 2025 /PRNewswire/ — Report with the AI impact on market trends – The global non-fungible token (NFT) market size is estimated to grow by USD 84.13 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 30.3% during the forecast period. Increasing demand for digital art is driving market growth, with a trend towards growing interest in NFTs among major brands. However, uncertainty in NFTs poses a challenge. Key market players include AirNFTs Platform, Asynchronous Art Inc., Axie Infinity, Binance Holdings Ltd., Blockchain App Factory, Celer Network, Chaincella, Decentraland Foundation, Enjin Pte. Ltd., Foundation Labs Inc., Funko Inc., Gemini Trust Co. LLC, Mintable.app, Ozone Networks Inc., Out The Mud Ventures Inc., Rarible Inc., Sky Mavis, SuperRare Labs Inc., Tiki Labs Inc., and Yellowheart LLC.

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Non-Fungible Token (NFT) Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 30.3%

Market growth 2025-2029

USD 84127.2 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

28.9

Regional analysis

APAC, North America, South America, Europe, and Middle East and Africa

Performing market contribution

APAC at 37%

Key countries

US, China, Canada, Japan, India, South Korea, Brazil, UK, Australia, and Germany

Key companies profiled

AirNFTs Platform, Asynchronous Art Inc., Axie Infinity, Binance Holdings Ltd., Blockchain App Factory, Celer Network, Chaincella, Decentraland Foundation, Enjin Pte. Ltd., Foundation Labs Inc., Funko Inc., Gemini Trust Co. LLC, Mintable.app, Ozone Networks Inc., Out The Mud Ventures Inc., Rarible Inc., Sky Mavis, SuperRare Labs Inc., Tiki Labs Inc., and Yellowheart LLC

Market Driver

Non-Fungible Tokens (NFTs) have taken the art, athletes, and celebrities world by storm. These digital assets, represented by unique codes on a blockchain, bring scarcity and ownership to digital artworks, collectibles, and even virtual real estate. The gaming industry and media & entertainment sector have embraced NFTs, with Ethereum network leading the charge. NFTs allow for the tokenization of games, trading cards, and virtual items, creating new revenue streams for creators and investors. Augmented Reality (AR) and Extended Reality (XR) are set to revolutionize the NFT space, allowing consumers to experience digital property in new ways. The NFT community is growing, with online platforms providing distribution networks and smart contracts ensuring secure, decentralized transactions. However, regulatory considerations are crucial. Intellectual property rights, securities laws, and consumer protection are key areas of focus. Proof of work and proof of stake are the two main consensus mechanisms, with proof of stake becoming increasingly popular due to its energy efficiency. The NFT market is not without challenges. Fraud and regulatory uncertainty remain concerns. The White House has acknowledged the potential of NFTs, but a clear legal framework is needed. Taxation and logistics are also important considerations. Despite these challenges, the future of NFTs is bright. They represent a new frontier in decentralized finance, enabling the tokenization of physical assets like art, houses, and vehicles. As the NFT market matures, it will undoubtedly disrupt industries, from the art world to the sports collectibles market and beyond.

Big brands such as Visa Inc. And Budweiser are increasingly exploring the potential of Non-Fungible Tokens (NFTs) as a new revenue stream. The appeal lies in the ability to offer unique digital assets as rewards to consumers. Brands like eBay Inc. And Amazon.com Inc., being digitally native, are also showing interest in this trend. The shift toward Web 3.0 and the growing number of e-commerce transactions are expected to fuel the adoption of NFTs, leading to an increase in market transactions and the expansion of the global NFT market.

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Market Challenges

Non-Fungible Tokens (NFTs) have revolutionized the art, collectibles, and media & entertainment industries by enabling unique digital ownership. Artists, athletes, celebrities, and even regular users can create and sell digital artworks, collectibles, and virtual items as scarce, authentic, and valuable assets. Blockchain technology, such as Ethereum network, provides transparency, security, and immutability. However, challenges exist. Intellectual property rights, consumer protection, regulatory considerations, and securities laws need clearer frameworks. Fraud and third-party involvement are concerns. Logistics, taxation, and distribution networks require streamlining. Cryptocurrencies and NFTs’ integration with decentralized finance, gaming industry, and metaverse needs careful planning. Proof of work vs proof of stake, and the role of smart contracts, are ongoing debates. The NFT community, media, and entertainment industry, and even The White House, are exploring the potential of NFTs in areas like music, virtual real estate, and more. Ultimately, NFTs offer exciting opportunities, but addressing these challenges is crucial for their long-term success.The Non-Fungible Token (NFT) market presents unique challenges for sellers due to the unpredictability of demand and pricing. The value of NFTs is influenced by factors such as scarcity, uniqueness, and buyer perception. For new sellers, it is difficult to anticipate the identity of potential buyers or the factors driving their purchases. As a result, NFT pricing is subject to fluctuation based on buyer perception. With the NFT market still in its early stages, it is challenging for new investors to forecast future trends in pricing. The uncertainty surrounding NFT valuation adds complexity to an already volatile market.

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Segment Overview

This non-fungible token (nft) market report extensively covers market segmentation by

ApplicationCollectiblesSportsArtsOthersEnd-userPersonalCommercialGeographyAPACNorth AmericaSouth AmericaEuropeMiddle East And AfricaTypePhysical AssetDigital Asset

1.1 Collectibles- Non-Fungible Tokens (NFTs) are unique digital collectibles, minted on the Blockchain with limited editions or rarity. Owners have exclusive rights to sell their NFT collectibles, and vendors offer online platforms for buying and selling. NFTs cannot be exchanged or copied without permission. The market’s growth is driven by the increasing demand for digital assets, with industries going digital and the ubiquity of the Internet. Tokenization, which creates digital tokens representing ownership, further fuels growth. Key features include royalty payments to NFT owners and prevention of unauthorized use. These factors are expected to drive the NFT market’s expansion.

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Research Analysis

The Non-Fungible Token (NFT) market is revolutionizing the way we buy, sell, and own digital assets. This innovative technology allows for the unique representation and ownership of digital artworks, gaming items, and other electronic assets on the blockchain. The gaming industry has embraced NFTs, enabling tokenization of in-game items and creating new revenue streams. NFTs are built on decentralized networks like Ethereum, utilizing blockchain technology and cryptocurrencies for secure transactions. The legal framework surrounding NFTs is still evolving, but ownership is verified through the blockchain, ensuring scarcity and authenticity. NFTs can also be experienced in Augmented Reality (AR), Virtual Reality (VR), and Extended Reality (XR) environments, adding new dimensions to digital property. However, the market is not without challenges, including potential fraud and the need for distribution networks. Major players include NFT vendors and suppliers, who facilitate the buying and selling of these unique tokens. The Metaverse and Decentralized Finance (DeFi) are also key areas of growth for NFTs, offering new opportunities for creators and investors alike. Magic Eden is an example of a popular NFT marketplace, providing a platform for buying, selling, and discovering new NFTs.

Market Research Overview

The Non-Fungible Token (NFT) market is a revolutionary digital ecosystem where Art, artists, Athletes, and various industries intersect. This decentralized platform, built on blockchain technology, enables the creation, ownership, and trading of unique Digital Assets. These assets can range from Digital Artworks and Collectibles to Virtual Real Estate and Virtual Items, including Painting, Music, Vehicle, and even House. NFTs leverage blockchain’s transparency and security, providing proof of ownership and scarcity for Digital Property. The Ethereum network is a popular choice for NFT creation due to its smart contract capabilities. Augmented Reality (AR) and Extended Reality (XR) enhance the NFT experience, allowing users to interact with their Digital Assets in new ways. The NFT marketplace caters to various industries, including the gaming industry, media & entertainment, and the sports world. Investors, celebrities, and consumers are drawn to this space due to its potential for Decentralized Finance, Intellectual Property ownership, and Tokenization of Games. However, the NFT market also faces challenges, such as Regulatory Considerations, Fraud, and Legal Frameworks. Securities laws, Taxation, and Consumer Protection are crucial aspects that need to be addressed. The NFT community, Online Platforms, and Third Parties play significant roles in shaping the future of this burgeoning market. The NFT market extends beyond the digital realm, influencing the Physical Assets sector and even reaching The White House. As the market continues to evolve, it will impact various industries, from Cryptocurrencies and Cryptocurrencies/assets to the Music, Video games, and Sports Collectibles industries. The NFT market’s potential is vast, offering a new way to distribute, trade, and experience Digital Assets in the Metaverse and beyond.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationCollectiblesSportsArtsOthersEnd-userPersonalCommercialGeographyAPACNorth AmericaSouth AmericaEuropeMiddle East And AfricaTypePhysical AssetDigital Asset

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

Technology

Air and Fathom5 Partner to Modernize Naval Fleet Readiness

Published

54 minutes ago

July 20, 2026

ARLINGTON, Va. and AUSTIN, Texas, July 20, 2026 /PRNewswire/ — Air, the leader in Enterprise Readiness, and Fathom5, a technology company dedicated to secure infrastructure for AI-powered machines, today announced a strategic partnership to transform the U.S. Navy’s maintenance, repair, and overhaul (MRO) capabilities.

The collaboration follows Fathom5’s selection as a winner in the Defense Innovation Unit’s NextMRO Prize Challenge Phase III, which aims to replace antiquated, siloed logistics frameworks with integrated, data-driven software. Fathom5 won based on its ability to transform real-world Navy data into intuitive, sailor-facing applications at the tactical edge.

To scale this solution for enterprise-wide Navy procurement, Fathom5 and Air are uniting Fathom5’s industry-leading, warship-deployed Condition-Based Maintenance AI with Air’s Enterprise Readiness platform. Air’s platform is purpose-built to close the “Readiness Gap”—the dangerous chasm between what the front line needs and what the enterprise delivers. It fuses predictive analytics, supply chain visibility, and repair cycle forecasting into a unified system that operates across Organizational, Intermediate, and Depot maintenance.

Together, the companies will address the Navy’s most critical sustainment vulnerabilities with the ability to:

Eliminate data silos and provide a single, authoritative source of truth.Use natural language to query technical manuals, analyze parts availability, proactively forecast issues, and identify alternative vendors in seconds, andAllow forward-deployed Sailors to execute work orders offline in Degraded, Denied, Intermittent, and Limited (DDIL) environments.

Proven Defense Impact

Air brings a successful track record of optimization across the Department of War. In recent sustainment operations, Air delivered a 99.6% reduction in part identification time, identifying replacement parts and suitable substitutes in minutes instead of days. By accelerating part allocation and replacing manual processes, the platform has saved commands hundreds of down days annually while sustaining 90% equipment readiness across echelons.

“This partnership will be pivotal as we work to close the Readiness Gap,” said Tara Murphy Dougherty, CEO of Air. “Together, Fathom5 and Air are uniquely positioned to accelerate Naval logistics by drastically shortening turnaround times, maximizing asset availability, and executing modern digital workflows at the speed of operational demand.”

“The future of naval readiness depends on giving Sailors the right information at the right time, wherever the mission takes them,” said Zac Staples, Founder and CEO of Fathom5. “By combining Fathom5’s AI-powered Condition-Based Maintenance capabilities with Air’s Enterprise Readiness platform, we’re helping transform maintenance from a reactive process into a predictive, data-driven advantage. Together, we’re enabling a more resilient fleet that can sustain operations in contested environments while keeping more ships mission-ready.”

About Fathom5

Fathom5, headquartered in Austin, Texas, develops secure digital infrastructure and advanced actuator technologies that strengthen the resilience and readiness of complex industrial systems. The company has achieved significant milestones, including delivering the first program-of-record artificial intelligence system deployed aboard a U.S. Navy warship and securing 17 patents across actuator technology and cybersecurity. Through its flagship Nsyte platform, Fathom5 provides secure edge infrastructure for maintenance and readiness applications, enabling advanced analytics and actionable insights at the point of need. For more information, please visit www.fathom5.com.

About Air

Air, formerly Govini, created Enterprise Readiness, a new category of AI-native systems that close the Readiness Gap, the dangerous chasm between what the front line needs and what the national security enterprise can deliver. Air Enterprise Readiness platform aligns development, production, delivery, and sustainment into one coordinated execution system, revealing true capacity, exposing real constraints, coordinating critical resources, and executing at the speed of operational demands.The result: the national security enterprise has what it needs to succeed. For more information on Air and the Enterprise Readiness platform, visit www.air.ai.

Media Contacts

Fathom5: coleman@zilkermedia.com

Air: media@air.ai and air@weareinvariant.com

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SOURCE Air

Technology

DoubleLine Paper: Honebuto Shock: Japan Courts a Truss-Like Redux

Published

54 minutes ago

July 20, 2026

TAMPA, Fla., July 20, 2026 /PRNewswire/ — Sell-offs in Japanese Government Bonds (JGBs) and the yen have put Japanese Prime Minister Sanae Takaichi on notice, a DoubleLine paper argues, that Japan’s creditors have little tolerance for her government’s unorthodox proposal for a mixture of unfunded fiscal expansion with docile central-banking.

Surveying the “Honebuto shock,” so-named after debt-and-yen sell-off following Tokyo’s annual fiscal policy statement, Bill Campbell, head of the DoubleLine’s Global Sovereign & Emerging Markets team, sees parallels to the gilts and British pound revolt over a 2022 proposal for unfunded fiscal expansion by U.K. Prime Minister Liz Truss that swiftly brought down her government.

“Having committed to more than 370 trillion yen of public-private investment through fiscal 2040, the government is calling for monetary policy “in coordination with” that growth agenda,” Mr. Campbell writes. “In the eyes of the financial markets, this demand for the subordination of monetary policy to a political platform only adds fuel to the fire beneath a central bank already under criticism for what critics deem an overly cautious rate-hiking path.”

Mr. Campbell warns, “The Takaichi government should not assume the JGB market, having found its voice, will prove more patient than the gilts market that laid low the Truss government in 2022. In today’s inflationary climate, fiscal credibility is earned, not presumed – even in the G-7 countries. And a G-7 sovereign who embarks on unfunded fiscal expansion risks courting a buyers’ strike.”

The paper, titled “Honebuto Shock: Japan Courts a Truss-Like Redux,” is available here: https://doubleline.com/wp-content/uploads/DoubleLine_Honebuto-Truss-Redux_Campbell_071526.pdf

Mr. Campbell heads the Global Sovereign & Emerging Markets team at DoubleLine and serves as the lead Portfolio Manager for emerging markets and international fixed-income strategies. He is a permanent member of the firm’s Fixed Income Asset Allocation Committee. Mr. Campbell has written extensively in research papers and client briefings on evolving trends and episodic developments in global fixed income and currency markets. He holds a B.S. in Business Economics and International Business, as well as a B.A. in English, from Pennsylvania State University and an M.A. in Mathematics, with a focus on Mathematical Finance, from Boston University.

About the Global Sovereign & Emerging Markets Team

The Global Sovereign & Emerging Markets team at DoubleLine manages $XX billion in assets in sovereign debt, including U.S. Treasuries and non-U.S. sovereign issues, and corporate fixed income securities by issuers domiciled in ex-U.S. developed and emerging markets. The team comprises 14 investment professionals, including portfolio managers, analysts and traders.

About DoubleLine

DoubleLine Capital LP is an investment adviser registered under the Investment Advisers Act of 1940. DoubleLine’s offices can be reached by telephone at (813) 791-7333 or by email at info@doubleline.com. In addition to its headquarters in Tampa, Fla., and an office in Los Angeles, DoubleLine has offices in Dubai, London and Tokyo. Media can reach DoubleLine by email at media@doubleline.com.

DoubleLine® is a registered trademark of DoubleLine Capital LP.

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SOURCE DoubleLine

Technology

Signeasy expands beyond eSignatures with Intelligent Contract Management for growing businesses

Published

54 minutes ago

July 20, 2026

The platform combines eSignatures, AI-powered contract insights, renewal tracking, and a centralized contract repository to help businesses manage contracts from signature to renewal.

DALLAS, July 20, 2026 /PRNewswire/ — Signeasy today announced its Intelligent Contract Management platform, extending its product capabilities into every stage of the contract lifecycle. The platform gives Finance, Legal, Sales, HR, Procurement, and Operations teams one place to sign, manage, and get insights from every contract.

For most growing businesses, the real work starts after a contract is signed. Renewal dates, payment terms, obligations, and key clauses end up scattered across inboxes, shared drives, and spreadsheets. Without a large legal operations team, keeping track of them is manual, reactive work.

Signeasy’s Intelligent Contract Management platform closes this gap. It brings eSignatures, a contract repository, and contract intelligence into one platform.

“Contracts touch every part of a business — Finance, Legal, Sales, HR, Procurement, Operations — but the tools to effectively manage them have always been built for enterprise legal teams. We built Intelligent Contract Management so lean teams get the same contract visibility and intelligence as companies five times their size.”

— Sunil Patro, Founder & CEO, Signeasy

Signeasy’s Intelligent Contract Management platform includes:

Centralized Contract Repository: Store every executed contract in one searchable place — no digging through inboxes or shared drives.Conversational AI search: Ask questions about any contract in plain language, follow-up, and get answers with context instead of reviewing documents manually. Customer data is never used to train AI models.Key Term Extraction: Surface payment terms, renewal dates, obligations, and termination clauses instantly.Renewal Tracking and Alerts: Get automated reminders before contracts expire or auto-renew, so commitments never catch teams by surprise.Team Workspaces: Share visibility into contract status, with confidentiality controls for every team that touches contracts.eSignatures: Collect legally binding signatures from anywhere, on any device, and automate approval workflows to get contracts signed faster.

There’s no six-month implementation cycle. Businesses can bulk import existing contracts and onboard teams within hours with hands-on support from Signeasy.

Signeasy’s Intelligent Contract Management platform is available now. Visit www.signeasy.com to request a demo.

About Signeasy

Signeasy is an Intelligent Contract Management (ICM) platform built for growing businesses managing contracts across Finance, Legal, Sales, HR, Procurement, and Operations. Teams can prepare, sign, track, and manage contracts from one platform, with AI-powered workflows, integrations for Microsoft, Google, and HubSpot, and enterprise-grade security and compliance. Over 48,000 businesses globally use Signeasy to cut contract cycle times, reduce risk, accelerate revenue, and drive better business outcomes.

Media contact
Dhivya Venkatesan
Signeasy
Email: dhivyav@signeasy.com

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SOURCE Signeasy