GCC Non-Fungible Tokens Market Insights and Forecast by 2030: Showcasing a CAGR of 7.82% – MarkNtel Advisors

How big is the GCC Non-Fungible Tokens market?

According to MarkNtel Advisors study, The GCC Non-Fungible Tokens Market size is projected to grow at a CAGR of around 7.82% during the forecast period, i.e., 2024-30.

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GCC Non-Fungible Tokens Market Trend:

Increasing Adoption of NFT in Virtual Real Estate & Metaverse Across the GCC – Virtual real estate within the metaverse presents a lucrative investment trend for individuals and businesses in the GCC region. As physical real estate is valued for its location, accessibility, and potential for development, virtual land in the metaverse holds value based on its location within virtual worlds, proximity to popular landmarks, and potential for virtual development and monetization. Hence, investors are purchasing virtual land parcels as a speculative investment, betting on the future growth and appreciation of virtual real estate assets. For instance,

• In 2022, Union Square House (USH), a real estate brokerage based in Dubai, unveiled plans for the inaugural metaverse mansions in the MENA region. These ultra-luxury digital properties were intended to be developed and sold as NFTs, with or without corresponding physical counterparts. This initiative coincides with Dubai’s proactive stance in embracing Web3 technologies across both the public and private sectors.

Therefore, the introduction of the metaverse and virtual real estate represents a transformative trend in the GCC region, reshaping the way customers work and play in the digital age. As demand for virtual land and experiences continues to grow, Non-Fungible Tokens would play an increasingly central role, projected to escalate the market size in the upcoming years.

Leading Companies in the GCC Non-Fungible Tokens market:

• Ozone Networks, Inc. (OpenSea)
• Nifty Gateway
• The Sandbox (Animoca Brands)
• Nuqta, Mintable
• UPYO
• Cloudflare Inc.
• Bitget
• OKX (Beden)
• Solsea
• Others (FTX, Coinscope, etc.)

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GCC Non-Fungible Tokens Market Segmentation:

By Type

• Digital Asset- Market Size & Forecast 2019-2030, (USD Million)
• Physical Asset- Market Size & Forecast 2019-2030, (USD Million)

In the GCC region, the adoption and utilization of Non-Fungible Tokens (NFTs) as digital assets are gaining momentum across various sectors, including art and collectibles, virtual real estate, etc.

By Offering

• Business Strategy Formulation – Market Size & Forecast 2019-2030, (USD Million)
• Non-Fungible Creation and Management – Market Size & Forecast 2019-2030, (USD Million)
• Non-Fungible Platform-Marketplace- Market Size & Forecast 2019-2030, (USD Million)

By Application

• Collectibles- Market Size & Forecast 2019-2030, (USD Million)
  • Audio Clip
  • Video Clip
  • Gamification
• Art- Market Size & Forecast 2019-2030, (USD Million)
  • Fractal/Algorithmic Art
  • Pixel Art
  • Computer-Generated Painting
  • 2D/3D Computer Graphics
  • 2D/3D Painting
  • GIFs
• Gaming – Market Size & Forecast 2019-2030, (USD Million)
  • Video Game
  • Trading Card Game (TCG)
  • Strategy Role Playing Game (RPG)
• Utilities – Market Size & Forecast 2019-2030, (USD Million)
  • Domain Names
  • Tickets
  • Ownerships
• Sports- Market Size & Forecast 2019-2030, (USD Million)
• Metaverse- Market Size & Forecast 2019-2030, (USD Million)

By End User

• Commercial- Market Size & Forecast 2019-2030, (USD Million)
• Personal- Market Size & Forecast 2019-2030, (USD Million)

Regional/ Countries Insight:

• The UAE
• Saudi Arabia
• Qatar
• Oman
• Kuwait
• Bahrain

The UAE boasts advanced infrastructure and connectivity, making it an ideal environment for NFT marketplaces and platforms to thrive in the forthcoming years.

Note: Should you require specific information beyond the current scope of the report, we are prepared to furnish it as part of our customization services.

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About MarkNtel Advisors:

MarkNtel Advisors is a leading consulting, data analytics, and market research company that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

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