About NFT Marketing Service
An NFT, also known as non-fungible token, is a digital certificate of ownership that represents a digital or physical asset. In general, a non-fungible asset is unique and not interchangeable with others. By contrast, fungible assets are interchangeable, like dollar bills or units of a cryptocurrency. NFT Marketing is a platform where people can authorize their arts like paintings, music etc and sell it digitally as well as physically. Many arts industry uses NFT markets. NFT marketing is futuristic types of marketing. Web 3.0 is future of NFT marketing. Video games creator industry Uses NFT Marketing strategies to spread their markets. Gamers bought non fungible token assets like virtual land, characters, avatar, etc. NFT marketing enables creators and businesses to promote their NFT assets effectively to gain a larger number of consumers and investors to their network. The level of hype produced by your NFT marketing strategy sets the value of your crypto art. NFT is a platform where artist showcase and list their art in the form of digital tokens and buyers can purchase their arts in the form of jpegs as an asset.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The market for NFT Marketing Service is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as Service innovation and using various marketing strategies to gain a higher market share. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global NFT Marketing Service market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
CryptoPR(United Kingdom), Firecask (United Kingdom), CYIOS Corp (United States), Ninjapromo (United States), Viral Nation (United States), Crowdcreate (United States), Neoreach (United States), Coinbound (United States), Blockwiz (Canada), INORU (Japan) and Lunar Strategy (Sweden) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Blockchain PR (United States), X10 Agency (New Mexico), TokenMinds (Netherlands), CryptoVirally(Romania) and Appdupe (India).
Segmentation Overview
AMA Research has segmented the market of Global NFT Marketing Service market by , Application (Music and Art Industries, Video Games Creators and Others) and Region.
On the basis of geography, the market of NFT Marketing Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Service, the sub-segment i.e. NFT Collection Marketing Service will boost the NFT Marketing Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operating System, the sub-segment i.e. Android will boost the NFT Marketing Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solution, the sub-segment i.e. Creating Hype will boost the NFT Marketing Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Developing Web 3.0 Technologies Like Metaverse, Tokenization In Video Games Where People Buys Virtual Land, Characters, Avatar, Etc and The Rise of Decentralized Autonomous Organizations
Market Growth Drivers:
Developing Digital Marketing Infrastructure and Increasing Uses of New Blockchain Technology (Technology Behind Cryptocurrency)
Challenges:
Uncertainty In Determining the Price Of NFT and NFT Market Struggle to Target Various Places as There Are Many Social Media Platforms Available
Restraints:
NFT Is Easy to Be Scammed, NFT Market Is Highly Volatile as The Prices Keep Changing in A Minute and NFT Market Is Not a Quick Money-Making Technology
Opportunities:
NFT Marketing Technology Can Hit the Cultural Sector and Providing Educations Related NFTs
Market Leaders and their expansionary development strategies
On 18 November 2021, CYIOS Corp A Publicly Traded Holding Company with Subsidiary Business Focused on Crypto-Lending, Crypto-Trading and NFT’s Is Pleased to Announce It Has Closed the Acquisition of NFT Platform Company Randombly. The Acquisition Was Done as An All-Stock Deal with CYIOS Acquiring 100% Randombly in Exchange for A Sub 5% Minority Stake in The Company. Randombly Is a State-Of-The-Art NFT Platform Enabling Minting and Trading NFT’s Utilizing Ethereum and ERC721 Smart Contracts.
On 26 March 2021, Crowdcreate Is Hosting the NFT Global Conference on March 30 with Some of The Most Successful Startup Founders, Investors, Artists, And Celebrities in The NFT Industry. These Thought Leaders Will Share Insights on What’s Going on Today, And How You Can Get Ahead. Register For the NFT Crypto & Blockchain Conference Here (Capacity Is Limited).
The SEC Defines A Digital Asset As “An Asset That Is Issued And Transferred Using Distributed Ledger Or Blockchain Technology.” Though The Security Laws in The United States Do Not Explicitly Define Digital Assets, These May Be Deemed “Digital Asset Securities” In Certain Circumstances. The U.S. Treasury Financial Crimes Enforcement Network (FINCEN), The U.S. Commodities Futures Trading Commission (CFTC), And the Internal Revenue Service (IRS)Have Also Been Exploring Ways to Keep a Watch on NFT Transactions.
Key Target Audience
NFT Marketing Service Provider, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.