DUBLIN–(BUSINESS WIRE)–The “NFTs and the Virtual Economy” report has been added 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 minted by Yoni Assia in 2012; these were small pieces 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 unique-looking characters were created, leading to enormous buzz among a community of crypto users who treated ownership as a badge of honor.
This served as an inspiration for NFTs, which have now become a potentially lucrative technology that creates value for businesses worldwide.
Key issues that were resolved:
-
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 affected by NFTs? What are the new 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 Tokens (NFT) Industry
-
Growth opportunities fuel the growth pipeline engine
2. Analysis of growth opportunities
3. Introduction to NFTs
-
NFTs – an overview
-
Comparison between NFTs and Cryptocurrency
-
Market Highlights
-
Growth drivers
-
Growth restrictions
4. 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
-
Storage of digital assets
-
Comparison of ERC standards
5. The NFT ecosystem
-
NFT Performance Analysis, Calendar Years (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 artwork
-
Growth opportunity 2: NFT’s sustainability
-
Growth opportunity 3: New business models
-
Growth opportunity 4: Shaping digital communities
-
Growth opportunity 5: Smart NFTs are a new frontier
Companies mentioned
For more information on this report visit
