What is NFT Creation & Minting Services Market?
NFT minting or creation means to create new NFTs from digital online projects or convert created items like games, music, artwork, etc. into NFT. The use of NFTs in gaming is increasing and NFT projects are trying to do tokenization of NFTs to get access to rare communities and get more value. It also helps corporates for community-led marking and branding to promote new products will accelerate the adoption of NFT creation and minting services. NFT has opened a new revenue source for artists, musicians, and celebrities by selling their works online without any middlemen.
The market study is being classified by Type (Digital Art, Memes, Music, Games, Films and Others) and major geographies with country level break-up.
Coinbound Inc. (United States), 6 Digital (RAC) (), Numomo (South Korea), First NFT (Ukraine) and Ground X (Kakao) (South Korea) are some of the key players profiled in the study.
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.
Analyst at AMA have segmented the market study of Global NFT Creation & Minting Services market by Type, Application and Region.
On the basis of geography, the market of NFT Creation & Minting Services 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Surging Demand for NFT Minting Service for Artworks Due to High Growth of NFT Art
- Growing Popularity of NFTs for Collection and Trading Across the Globe
- Emerging Trend of Personality NFTs of Musicians and Celebrities Among their Fans
- Rise in Legal and Copyright Ownership Issues From NFTs and Art
- Evolution of Metaverse and Web 3.0 Will Create Huge Opportunities for the NFTs
In May 2021, Ground X, the developer of public blockchain platform Klaytn launched its new NFT minting service KrafterSpace to easily create and manage NFTs. Klaytn allows users to mint NFTs by uploading an image or a video file without any gas fees. Klaytn-based NFTs on OpenSea include games and sports-related NFTs that are issued by blockchain services Five Stars for Klaytn.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, NFT Creation & Minting Service Providers, NFT Creation and Trading Software Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the NFT Creation & Minting Services Market?
"Surging Demand for NFT Minting Service for Artworks Due to High Growth of NFT Art
" is seen as one of major growth factors of NFT Creation & Minting Services Market in years to come.
2. Can we have customized study for NFT Creation & Minting Services Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global NFT Creation & Minting Services Market?
will lead NFT Creation & Minting Services Market in coming years.