NFTs and the Virtual Economy Research Study 2022: A Disruptive Technology Innovation that Serves as the Foundation for the Multibillion-Dollar Virtual Economy

Dublin, Nov. 24, 2022 (GLOBE NEWSWIRE) — The “NFTs and the Virtual Economy” report has been added to ResearchAndMarkets.com’s offering.

Non-fungible Tokens (NFTs) refer to unique and distinguishable digital assets stored on a distributed ledger/blockchain. Following the emergence of the bitcoin digital currency in early 2009, “colored coins” were coined by Yoni Assia in 2012; these were small parts of bitcoins that represented assets, primarily digital collectibles, and were the predecessor to NFTs.

In 2017, John Watkinson and Matt Hall created CryptoPunks, 24×24 pixel characters that exist on an Ethereum blockchain. Only 10,000 such characters with unique appearances were created, leading to tremendous buzz amongst a community of crypto users who treated ownership as a badge of honor.

This served as an inspiration for NFTs, which has now become a potentially lucrative technology, creating value for businesses across the globe.

Key Issues Addressed:

• What is an NFT? What are the defining characteristics of NFTs?
• How are NFTs differentiated from cryptocurrencies?
• What are some of the key market highlights for NFTs to date?
• What are the essential NFT growth drivers and restraints?
• What is the technology behind NFTs? What are the technologies that make up an NFT marketplace?
• What are the key criteria for choosing an NFT platform?
• What are the most popular blockchain platforms available today for NFTs?
• How is digital content distributed by NFTs stored?
• How has the market performed in the last 3 years? What are the key performance indicators?
• Which application areas are most impacted by NFTs? What are the emerging use cases?
• What are the primary growth opportunities in the NFTs for ecosystem stakeholders?

Key Topics Covered:

1. Strategic Imperatives

• Why is it Increasingly Difficult to Grow?
• The Strategic Imperative
• The Impact of the Top 3 Strategic Imperatives on the Non-fungible Token (NFT) Industry
• Growth Opportunities Fuel the Growth Pipeline Engine

2. Growth Opportunity Analysis

• Research Scope
• Glossary

3. Introduction to NFTs

• NFTs – An Overview
• Comparison between NFTs and Cryptocurrency
• Market Highlights
• Growth Drivers
• Growth Restraints

4. The NFT Tech Stack

• The Technology Behind NFTs
• NFT Marketplace Technology Stack
• Types of NFT Marketplaces
• Criteria for Choosing an NFT Platform
• Comparison Between PoW and PoS Consensus Mechanisms
• NFT Blockchain Platforms
• Storing Digital Assets
• Comparison of ERC Standards

5. The NFT Ecosystem

• NFT Performance Analysis, Calendar Year (CY) 2019-CY 2021
• NFT Applications: Ecosystem
• NFT Applications: Art
• NFT Applications: Collectibles
• NFT Applications: Gaming
• NFT Applications: Others
• Popular NFT Marketplaces: OpenSea
• Popular NFT Marketplaces: Rarible
• Popular NFT Marketplaces: Others

6. Growth Opportunity Universe

• Growth Opportunity 1: To Grow Beyond Digital Artworks
• Growth Opportunity 2: Sustainability of NFTs
• Growth Opportunity 3: New Business Models
• Growth Opportunity 4: Shaping Digital Communities
• Growth Opportunity 5: Smart NFTs are a New Frontier

Companies Mentioned

• OpenSea
• Rarible

For more information about this report visit http://www.researchandmarkets.com/r/oadro6

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