The revenue in the 'Non-fungible tokens' segment of the fintech market in Thailand was forecast to continuously increase between 2024 and 2028 by in total 5.3 million U.S. dollars (+39.31 percent). After the ninth consecutive increasing year, the indicator is estimated to reach 18.9 million U.S. dollars and therefore a new peak in 2028. Notably, the revenue of the 'Non-fungible tokens' segment of the fintech market was continuously increasing over the past years.
Data provided by Statista Market Insights are estimates.
Definition:
Non-fungible token (NFT) is a unique identifier that represents ownership of real-world or digital assets, such as art, music, collectibles, in-game items, and even real estate. These tokens are cryptographically secured in a blockchain (Ethereum, Solana, Avalanche, etc.), and the cryptocurrency of the underlying blockchain is used for NFT transactions.
NFT marketplaces require digital onboarding of their clients and do not have physical branches to provide consultations and services to their customers. Nevertheless, it is not mandatory for their potential clients to have a smartphone to open an account. The marketplaces usually charge a fee for their services, and these platforms can be accessed via a desktop website.
Within our market scope, we focus only on NFT marketplaces that provide either exclusively B2C or both B2B and B2C services, those that work solely with B2B clients are excluded from the market.
Additional Information:
NFTs are predominantly traded and exchanged in NFT marketplaces, some of the keyplayers are Opensea, Rarible, Axie Marketplace and Foundation.
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Statista. (January 22, 2024). Revenue of the NFT industry in Thailand 2019-2028 (in thousand U.S. dollars) [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/forecasts/1125549/thailand-nft-transaction-value
Statista. "Revenue of the NFT industry in Thailand 2019-2028 (in thousand U.S. dollars)." Chart. January 22, 2024. Statista. Accessed November 05, 2024. https://www.statista.com/forecasts/1125549/thailand-nft-transaction-value
Statista. (2024). Revenue of the NFT industry in Thailand 2019-2028 (in thousand U.S. dollars). Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/forecasts/1125549/thailand-nft-transaction-value
Statista. "Revenue of The Nft Industry in Thailand 2019-2028 (in Thousand U.S. Dollars)." Statista, Statista Inc., 22 Jan 2024, https://www.statista.com/forecasts/1125549/thailand-nft-transaction-value
Statista, Revenue of the NFT industry in Thailand 2019-2028 (in thousand U.S. dollars) Statista, https://www.statista.com/forecasts/1125549/thailand-nft-transaction-value (last visited November 05, 2024)
Revenue of the NFT industry in Thailand 2019-2028 (in thousand U.S. dollars) [Graph], Statista, January 22, 2024. [Online]. Available: https://www.statista.com/forecasts/1125549/thailand-nft-transaction-value
