07 May, 2022
The booming NFT market could reach $13.7 billion by the end of 2027, according to the research firm MarketsandMarket.
Currently the NFT market size stands at $3 billion.
The rising popularity of NFTs among mainstream influencers and gaming communities are cited as main factors for the ambitious prediction.
Mainstream companies like Starbucks, Coca Cola, and the NBA are embracing non-fungible tokens.
Though everything is not as shiny for NFTs. The industry has its valid critics.
Daily NFT sales have dropped by 92% since its all-time-high in September last year.
With major firms entering metaverse, the highly ambitious prediction might just come true.