Industry Background:
Crypto stamp is also known as an NFT stamp is a physical postage stamp with a matching digital copy that contains an NFC chip and is connected to the Ethereum blockchain. Increasing crypto enthusiasts and interest in NFT stamps among digital art collectors and traditional stamp collectors will create significant opportunities for the market. The growing popularity of NFT metaverse and play-to-earn NFT projects among the global NFT collecting community will accelerate the growth.
According to AMA Research, the market for Crypto Stamp is expected to register a CAGR of 20.18% during the forecast period to 2028. This growth is primarily driven by Increasing Use of Crypto by the Postal Administrations Across the Globe
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Dominating Type | Crypto Stamp 1.0 |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Technology sector in the Europe region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Swiss Post (Switzerland), Osterreichische Post (Austria), Hrvatska Pošta (Croatia), Emirates Post Group (United Arab Emirates), Binance NFT (United Kingdom) and CaseMail (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2021, UN Stamps launched the Ethereum-based UN Crypto Stamp. Each stamp bears a unique secret code hidden behind a scratch-off area. The secret code enables its owner to activate exactly one counterpart of that stamp on the blockchain as a digital collectible., and In 2021, Emirates Post Group unveil the region's first NFT stamp. These innovative NFT stamps will have a digital twin in the blockchain and will be sold as digital collectibles linked to their physical stamp counterpart.
In 2021, Swiss Post launched Switzerland’s first crypto stamp that consists of two parts. The stamp is stored in the Ethereum blockchain and can be collected, traded, and exchanged online. The Launch of crypto stamp will enable Swiss Post to bridge the gap between the physical world of stamps and the digital crypto-universe.The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period.
Influencing Trend:
Emerging Trend of NFT Philately and Art Metaverse Worldwide and Growing Adoption of Digital Currencies will have Profound Impact on the Market
Market Growth Drivers:
Increasing Use of Crypto by the Postal Administrations Across the Globe and Huge Demand of NFT Collectable from Investors for High-Volume Trading
Challenges:
Increasing NFT Scams and Growing Security Concerns
Restraints:
Lack of Awareness and Understanding about Crypto/NFT among People and Regulatory Acceptability is Most Difficult Obstacle for Crypto Stamp Market
Opportunities:
Growing Popularity of Crypto-Philately among the Traditional Stamp Collectors and Significant Growth Opportunities In Emerging and Developed Economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Crypto Stamp Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Crypto Stamp Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Crypto Stamp players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Crypto Stamp Study Sheds Light on
The Crypto Stamp Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Crypto Stamp industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Crypto Stamp industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.