NFT could grow 35% by 2027

[MARK21]

It is somewhat surprising how NFTs are increasing, we hope that in these 5 years in the future they will be able to spread more. With the news reflecting growing interest in the non-fungible token (NFT) space among current investors, new research predicts that the current $3 billion market size will reach $13.6 billion by the end of 2027.

In the next five years, the key factors linked to the global rise of NFTs will continue to be the growing involvement of influencers, gaming communities, and the growing demand for digital artwork.

Interestingly, the Mexican women's team was made known, launching a new NFT collection.

Source of the Mexican women's team (In Spanish): https://es.cointelegraph.com/news/mexican-womens-soccer-team-launches-new-collection-of-nfts

The trend of the NFT market was also revealed, here is an image:

Image: https://s3.cointelegraph.com/uploads/2022-05/0ebd8131-9816-4613-ab52-18330ed9db66.jpg

Global NFT Market Trends.
Source: MarketsandMarkets

Also MarketsandMarkets cited this trend:

"APAC countries are emerging towards constant developments and market launches in the given sector to offer creators and buyers the same opportunities in the ecosystem."

Source (Spanish): https://es.cointelegraph.com/news/nft-market-well-positioned-to-grow-35-into-a-13-6b-industry-by-2027

[Tytanowy Janusz]

It is somewhat surprising how NFTs are increasing, we hope that in these 5 years in the future they will be able to spread more. With the news reflecting growing interest in the non-fungible token (NFT) space among current investors, new research predicts that the current $3 billion market size will reach $13.6 billion by the end of 2027.

Its somewhat surprising how people dont see how everything changes in front of their eyes and continue to read few month old artciles or new articles based on old data and produce even more content based on old data. NFT hype bubble is gone. No need to be a necromancer.

Google trends shows that NFT was the most popular in 2-8 Jan 2022. Its May you know? the popularity of typing the NFT phrase decreased by 80%.

"As per the CryptoSlam data, NFT global sales have dropped after their record highs in January this year. While a downturn is also witnessed in a number of unique buyers and sellers and hence further dragging down the total transactions."
https://www.livemint.com/market/cryptocurrency/is-nft-market-losing-steam-global-sales-volume-halves-in-mar-11650200138313.html

This proves that NFT bubble popped in Jan and in april number of NFT trades dumped by half... I bet it dumped by another half in last month.

And now in May 2022 some people are still excited about this? man... Its 6 month too late to be excited about this tech. Its about to dump 90-99% like with every new tech that just after bubble stage. Just like dot.com just like bitcoin in 2014 just like altcoins in 2018.

[Don Pedro Dinero]

And now in May 2022 some people are still excited about this? man... Its 6 month too late to be excited about this tech. Its about to dump 90-99% like with every new tech that just after bubble stage. Just like dot.com just like bitcoin in 2014 just like altcoins in 2018.

I don't quite understand you. Did the internet end when the .com bubble burst in 2000? NFTs may have a bright future despite google trends and despite a recent slump in sales. Another thing is that when a new market opens up and becomes profitable it often overheats and has to cool down to follow a healthy upward trend.

[Tytanowy Janusz]

I don't quite understand you. Did the internet end when the .com bubble burst in 2000? NFTs may have a bright future despite google trends and despite a recent slump in sales. Another thing is that when a new market opens up and becomes profitable it often overheats and has to cool down to follow a healthy upward trend.

Ok. Tell that to altavista investors. Tell that to every 1999 companies baghodlers where all of them dumped 80-95% and only 5% of them recoved (amazon, google and few more). Rest of them are dead now. So good luck investing in NFT or NFT platforms right after bubble. Lose 90% of portfolio hoping that the rest 10% will recover where you have only 5% of success.

Bright future for nft can start in 2025, 2030, or 2035 ... but most likely not with bags you have now.  

[Don Pedro Dinero]

Ok. Tell that to altavista investors. Tell that to every 1999 companies baghodlers where all of them dumped 80-95% and only 5% of them recoved (amazon, google and few more). Rest of them are dead now. So good luck investing in NFT or NFT platforms right after bubble. Lose 90% of portfolio hoping that the rest 10% will recover where you have only 5% of success.

Bright future for nft can start in 2025, 2030, or 2035 ... but most likely not with bags you have now.  

I could also talk about it to those who owned shares in Amazon or Ebay and sold them. But I think we fundamentally agree. At least 99% of NFTs today will be worth 0 in a few years, and it will be difficult to select the survivors. But that does not mean we will stop talking about NFTs, just as we did not stop talking about the internet in 2000-2002, or bitcoin in 2014, or altcoins in 2018.

[Tytanowy Janusz]

I could also talk about it to those who owned shares in Amazon or Ebay and sold them. But I think we fundamentally agree. At least 99% of NFTs today will be worth 0 in a few years, and it will be difficult to select the survivors. But that does not mean we will stop talking about NFTs, just as we did not stop talking about the internet in 2000-2002, or bitcoin in 2014, or altcoins in 2018.

Those who sold Amazon during dot.com bubble had and option to buy back almost 20 times cheaper. No matter how good project was. After dot.com bubble everything dumped at least 80%. Amazon from 100$ to 7$. Ebay from 24$ to 4$.

But yes. We can talk about this bot not as good investment anymore.

[Pterosaur]

NFTs and Metaverse are now a bigger part of crypto world, either market crashes or not this can't be erased like ICO ever again, there are way too many funds and believe in Metaverse/NFTs now and millions don't want this to fail, as for me I will just keep holding NFTs that can be used in a play to earn projects only.

[danherbias07]

I doubt that. I am buying NFT but I don't consider keeping it that long. Investors will do the same if they see an opportunity to sell at a good profit. I suggest doing the same because right now there is uncertainty in every investment. People do grow tired of things easily now and soon they will find something new that will entertain them while making money.
I believe there are NFTs that are made for the long term, but how rare are them will be the biggest question while keeping the value intact or more.

[MFahad]

NFt demand is increasing day by day. World best Social media platform Instagram also looking to integrate Etherium,Polygon,Solona and flow. This is very big News and more Artist are taking interest in NFt. I think it can grow 25% by 2025

[husdemba]

The trend towards NFT projects and initiatives is increasing day by day. If Bitcoin recovers, NFT contributions will be massive. Cryptocurrency investments are now down and therefore the NFT craze is in a stagnant state. Regardless, NFT will be a very growing market in the next 3 years.

[mindrust]

It is somewhat surprising how NFTs are increasing, we hope that in these 5 years in the future they will be able to spread more. With the news reflecting growing interest in the non-fungible token (NFT) space among current investors, new research predicts that ...
Source (Spanish): https://es.cointelegraph.com/news/nft-market-well-positioned-to-grow-35-into-a-13-6b-industry-by-2027

Sounds like bullshit to me. When inflation goes rampant and fuel prices are climbing, people will have to make a choice between making investments and buying bread. Then we will see the real value of those NFT's. Let's see the inflation number from the US tomorrow first.

I wouldn't touch NFT's with a 10ft pole right now. This is a worse scam than the ICO's.

[vanesha]

NFT is still a mystery so far, I mean I believe the concept of NFT has not yet reached its final stage, they only focus on what NFT has achieved so far, there are still many projects that have not dared to try other things with NFT. In the past we always heard that NFT would become digital mail, but so far no one has been able to achieve it, maybe in a few years it will happen. We'll see the final NFT concept if we wait patiently for the next few years.

[ethereumhunter]

NFT could grow bigger but NFT could down too because that is what happened in the crypto. If NFT trend can still get attention from people, NFT can grow and transform to better but if it's not, we may not see NFT like today because I think NFT can modify into a new form that can function better than now. For now, I think NFT still needs further development to be able to provide something different for people so it's likely that NFT will depend on the public's response.

[WellRozey]

Maybe or maybe not, coins and tokens are certain to grow higher in future but not NFTs, Metaverse is far from completion for now but once it's complete the hype will be back, to me NFTs can easily fail and be ignored more than Metaverse in near future.

[Reid]

That's optimistic but I doubt it will come true in this era of cryptocurrencies.
Don't you see what is happening? The POV is to make money in a short span of time and that means they will withdraw if they see gains. Then they get over it and find a new investment hype.
There might be a chance you will be left alone waiting for that 35% that would not even come. What kind of NFT are you buying? It should have the feature of a possible long term investment.

[Lagduf]

35% growth is kinda easy honestly, even it could achieved by months, you could imagine if twitter implements and integrate the NFT technology into their platform because as you know twitter just bought by elon
and it seems elon is also fond with the idea of twitter becoming cryptocurrency social media platform, i’m sure he could find some way of monetizing this technology through the use of twitter in the future and by then
it could increase the overall valuation of NFT by tremendous amount.

[tvplus006]

It is somewhat surprising how NFTs are increasing, we hope that in these 5 years in the future they will be able to spread more. With the news reflecting growing interest in the non-fungible token (NFT) space among current investors, new research predicts that the current $3 billion market size will reach $13.6 billion by the end of 2027...

In his article, the Wall Street Journal, based on the research collected by the resource http://nonfungible.com/ more pessimistic than you are. Since November last year, the number of active NFT wallets has decreased from 119 thousand to 14 thousand: https://www.wsj.com/articles/nft-sales-are-flatlining-11651552616 In addition, eight months ago, an average of 225000 NFT were sold daily, now this value has dropped to 19000. Thus, we see that the interest among investors in NFT is steadily decreasing.

[Razanm90]

It is somewhat surprising how NFTs are increasing, we hope that in these 5 years in the future they will be able to spread more. With the news reflecting growing interest in the non-fungible token (NFT) space among current investors, new research predicts that the current $3 billion market size will reach $13.6 billion by the end of 2027.

In the next five years, the key factors linked to the global rise of NFTs will continue to be the growing involvement of influencers, gaming communities, and the growing demand for digital artwork.

Interestingly, the Mexican women's team was made known, launching a new NFT collection.

Source of the Mexican women's team (In Spanish): https://es.cointelegraph.com/news/mexican-womens-soccer-team-launches-new-collection-of-nfts

The trend of the NFT market was also revealed, here is an image:

Image: https://s3.cointelegraph.com/uploads/2022-05/0ebd8131-9816-4613-ab52-18330ed9db66.jpg

Global NFT Market Trends.
Source: MarketsandMarkets

Also MarketsandMarkets cited this trend:

"APAC countries are emerging towards constant developments and market launches in the given sector to offer creators and buyers the same opportunities in the ecosystem."

Source (Spanish): https://es.cointelegraph.com/news/nft-market-well-positioned-to-grow-35-into-a-13-6b-industry-by-2027

I think that it is just the beginning of NFT. But In my opinion, NFT-arts is a bad way to invest. I am sure that NFT-based games have a great future, so in the early future, we will see fascinating p2e games. I recently heard about the project "reptile chronicles". Have you heard about this project? They have really good arts and novels about three clans of reptiles (This atmosphere reminds me of an epic novel The Lord of the Rings). I hope that this game will not disappoint me.

[o48o]

Google trends shows that NFT was the most popular in 2-8 Jan 2022. Its May you know? the popularity of typing the NFT phrase decreased by 80%.

Yet as press talks about NFTs they are counting everything into it. We can look at this as the Bored Ape Yacht Club floor price to have more accurate interest rate, and as we can see it dropped hard but it's barely dead at all.

[Yogee]

NFT is still a mystery so far, I mean I believe the concept of NFT has not yet reached its final stage, they only focus on what NFT has achieved so far, there are still many projects that have not dared to try other things with NFT. In the past we always heard that NFT would become digital mail, but so far no one has been able to achieve it, maybe in a few years it will happen. We'll see the final NFT concept if we wait patiently for the next few years.

Yes there are some plans for new use of NFTs flying around but a lot of these concepts will most likely not materialize because they are impractical. I don't think there's a "final" but we have probably seen the best markets for NFTs like gaming and gambling.