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Non-Fungible Token (NFT) Market to grow by USD 84.13 Billion (2025-2029), driven by rising demand for digital art, AI-driven market transformation – Technavio

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NEW YORK, Jan. 29, 2025 /PRNewswire/ — Report with the AI impact on market trends – The global non-fungible token (NFT) market size is estimated to grow by USD 84.13 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  30.3%  during the forecast period. Increasing demand for digital art is driving market growth, with a trend towards growing interest in NFTS among major brands. However, uncertainty in NFTS poses a challenge. Key market players include AirNFTs Platform, Asynchronous Art Inc., Axie Infinity, Binance Holdings Ltd., Blockchain App Factory, Celer Network, Chaincella, Decentraland Foundation, Enjin Pte. Ltd., Foundation Labs Inc., Funko Inc., Gemini Trust Co. LLC, Mintable.app, Ozone Networks Inc., Out The Mud Ventures Inc., Rarible Inc., Sky Mavis, SuperRare Labs Inc., Tiki Labs Inc., and Yellowheart LLC.

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Non-Fungible Token (NFT) Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 30.3%

Market growth 2025-2029

USD 84127.2 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

28.9

Regional analysis

APAC, North America, South America, Europe, and Middle East and Africa

Performing market contribution

APAC at 37%

Key countries

US, China, Canada, Japan, India, South Korea, Brazil, UK, Australia, and Germany

Key companies profiled

AirNFTs Platform, Asynchronous Art Inc., Axie Infinity, Binance Holdings Ltd., Blockchain App Factory, Celer Network, Chaincella, Decentraland Foundation, Enjin Pte. Ltd., Foundation Labs Inc., Funko Inc., Gemini Trust Co. LLC, Mintable.app, Ozone Networks Inc., Out The Mud Ventures Inc., Rarible Inc., Sky Mavis, SuperRare Labs Inc., Tiki Labs Inc., and Yellowheart LLC

Market Driver

Non-Fungible Tokens, or NFTs, have taken the art, athletes, and celebrities worlds by storm. These digital assets, represented by unique codes on the blockchain, bring scarcity and ownership to digital property like artworks, collectibles, and even virtual real estate. The gaming industry and media & entertainment sector have embraced NFTs, with popular items including trading cards, game collectibles, and virtual items. Blockchain technology powers NFTs, ensuring transparency, security, and immutability. Ethereum network is the leading platform for NFT creation and trade. NFTs can represent intellectual property, such as music or paintings, and even physical assets like houses or vehicles. NFTs are traded on online platforms, often using cryptocurrencies. Decentralized finance and smart contracts facilitate transactions. The NFT community is growing, with investors and third parties involved in the distribution networks. Regulatory considerations include securities laws and consumer protection. Fraud is a concern, highlighting the need for a legal framework. Augmented Reality (AR) and Extended Reality (XR) bring new dimensions to NFTs, while Virtual Reality (VR) and Metaverse offer experiences. Taxation and tokenization of games are also emerging trends. The NFT market is evolving, with the White House recognizing its potential. NFTs represent a new era for digital assets and ownership, bridging the gap between physical and digital worlds. 

Big brands such as Visa Inc. And Budweiser are increasingly exploring the potential of Non-Fungible Tokens (NFTs) as a new revenue stream. The primary motivation for their interest lies in the opportunity to generate additional earnings. Brands are focusing on using NFTs as rewards for consumers, offering innovative gifts that cannot be replicated. As more e-commerce brands transition to Web 3.0, players like eBay Inc. And Amazon.com Inc. Are also expressing interest. These factors are expected to boost the number of NFT transactions, fueling the growth of the global NFT market during the forecast period. 

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 Market Challenges

Non-Fungible Tokens (NFTs) have revolutionized the art, collectibles, and entertainment industries by allowing for the digital ownership and trade of unique, one-of-a-kind assets. These assets include digital artworks, sports collectibles, music, and even virtual real estate. The use of blockchain technology ensures transparency, security, and immutability, enabling artists, athletes, and celebrities to monetize their intellectual property in new ways. However, challenges persist, such as regulatory considerations, consumer protection, and logistical issues related to distribution networks and online platforms. Fraud and taxation are also concerns, as NFTs can represent a variety of digital assets, from cryptocurrencies and tokens to virtual items and collectibles. The NFT community continues to grow, with Ethereum network being a popular choice due to its smart contract capabilities. As the market evolves, it’s important for stakeholders to navigate the legal framework and ensure compliance with securities laws and intellectual property rights. The future of NFTs lies in the metaverse, where digital property can be experienced in augmented reality (AR), virtual reality (VR), and extended reality (XR), offering new opportunities for creators, investors, and consumers alike.The Non-Fungible Token (NFT) market presents unique challenges for sellers due to the unpredictability of demand and pricing. The value of NFTs is influenced by factors such as scarcity, uniqueness, and the perception of owners and buyers. However, these elements make it difficult for sellers to determine the future worth of their NFTs. New investors face challenges in predicting trends in NFT pricing as the market is still in its early stages. The value of NFTs is subjective and can fluctuate based on buyers’ perceptions, making it an uncertain market for sellers.

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Segment Overview 

This non-fungible token (nft) market report extensively covers market segmentation by  

Application 1.1 Collectibles1.2 Sports1.3 Arts1.4 OthersEnd-user 2.1 Personal2.2 CommercialGeography 3.1 APAC3.2 North America3.3 South America3.4 Europe3.5 Middle East and AfricaType

1.1 Collectibles-  Non-Fungible Tokens (NFTs) are unique digital collectibles, minted on the Blockchain as limited-edition or rare tokens. These collectibles cannot be exchanged or traded like fungible tokens. Vendors offer online platforms for buying and selling NFT collectibles. Owners hold exclusive rights to sell their collectibles, with the ability to earn royalties on future sales. NFTs prevent unauthorized use or copying, adding value. The growing demand for digital assets and tokenization trends are driving the NFT market’s expansion. Companies are increasingly investing in digital assets, fueled by the Internet’s widespread use and rising Internet penetration. This growth is expected to continue, as tokenization enables digital representation of ownership for tangible or intangible assets.

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Research Analysis

The Non-Fungible Token (NFT) market is revolutionizing the way we buy, sell, and own digital assets. This innovative technology allows for the unique representation and ownership of electronic artworks, gaming items, and more on the blockchain. The gaming industry has embraced NFTs, enabling tokenization of in-game items and creating new revenue streams. NFTs are not limited to digital art and gaming; they can represent any unique digital asset. The Ethereum network is the leading platform for NFT creation and trade, utilizing blockchain technology and smart contracts. The legal framework surrounding NFTs is still evolving, with many questions regarding ownership, fraud, and distribution networks. Augmented Reality (AR), Virtual Reality (VR), and Extended Reality (XR) are expected to intersect with NFTs, allowing for experiences and new use cases. NFT vendors offer a wide range of digital assets, from digital property to cryptocurrencies and assets. The scarcity of NFTs adds value, making them desirable collectibles. As the market grows, decentralized finance and the Metaverse are likely to play significant roles. NFT suppliers and Magic Eden are some of the key players in this burgeoning industry. Stay tuned for more developments in this exciting space.

Market Research Overview

The Non-Fungible Token (NFT) market is revolutionizing the way we buy, sell, and own unique digital assets. This innovative technology allows for the creation and trade of digital art, collectibles, and property using blockchain technology. Artists, athletes, and celebrities are leveraging NFTs to monetize their digital creations and connect with fans in new ways. Augmented Reality (AR) and Extended Reality (XR) are enhancing the NFT experience, allowing collectors to interact with their digital assets in a more way. The gaming industry, media & entertainment industry, and collectibles market are seeing significant growth in the NFT space. NFTs are built on decentralized networks like Ethereum, ensuring transparency and security. They offer proof of ownership and scarcity, making them highly desirable for collectors. The use of smart contracts enables automated and trustless transactions. However, regulatory considerations and consumer protection are important as NFTs can represent various types of assets, from digital art and music to virtual real estate and collectibles. Fraud and taxation are also key considerations for investors. The NFT community is growing rapidly, with online platforms and third parties emerging to facilitate trading and distribution. The future of NFTs lies in their potential to tokenize games, virtual items, and even physical assets, creating a new digital economy in the metaverse.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationCollectiblesSportsArtsOthersEnd-userPersonalCommercialGeographyAPACNorth AmericaSouth AmericaEuropeMiddle East And AfricaType

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Ursa Major to Deliver Chemical Propulsion Capability for Tactical Satellite Bus Systems

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DENVER, March 13, 2025 /PRNewswire/ — Ursa Major has been awarded a contract for delivery of fully integrated GEO propulsion systems for a customer focused on critical space missions. The multi-year award totaling $10 to $15 million supports the development, manufacturing, assembly, integration, and testing of a full propulsion system capable of six degree-of-freedom maneuverability.

Building upon successful flights for hypersonic and defense applications in 2024, Ursa Major is leveraging its expertise in scaling manufacturing of propulsion systems to provide unfettered access to space. The recent growth in the satellite industry has demonstrated an increased demand for advanced propulsion systems that provide efficient mobility for maneuverability, collision avoidance, and timely deorbiting. A pillar to responsive space domain is a resilient supply chain that can meet the necessary mission lead times. Ursa Major is responding to this need with an off-the-shelf and scalable manufacturing approach to enable rapid delivery of mission critical capabilities.

“This award demonstrates the engineering rigor in propulsion systems to yield a new generation of highly maneuverable buses at significantly faster lead times than currently fielded systems,” said Ursa Major CEO Dan Jablonsky.

The development and production work of these in-space propulsion systems will take place at Ursa Major’s design, test, and production facility in Berthoud, Colorado and apply advanced digital manufacturing processes alongside vertical integration of key technologies to enable rapid deployment.

About Ursa Major

Ursa Major is an aerospace and defense company, providing products and solutions for hypersonic, tactical missile, and space mobility systems. The company applies state-of-the-art digital and additive manufacturing techniques to rapidly produce the most advanced, cost-effective solutions. Ursa Major has category-leading hypersonic, on-orbit, and solid rocket motor propulsion capabilities. Ursa Major’s customers range from commercial space technology providers to enterprise-level aerospace and defense leaders as well as the U.S. government. The company employs the most sought-after engineers from top aerospace programs and universities, united in the core values of disruptive innovation, flying faster, and providing reliable and cost-effective systems. Headquartered in Berthoud, Colorado, with additive manufacturing facilities in Youngstown, Ohio, Ursa Major was named one of the best places to work by Built in Colorado three years in a row.

For more information, visit www.ursamajor.com

Media Contacts

Ursa Major

media@ursamajor.com

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SOURCE Ursa Major Technologies

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PROPERTY MELD EXPANDS PROPERTY MAINTENANCE OPERATIONS WITH ADDITION OF ZINSPECTOR INTEGRATION

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RAPID CITY, S.D., March 13, 2025 /PRNewswire/ — Property Meld, the leading property maintenance platform for property managers, announces its strategic integration with zInspector, highlighting its commitment to advancing property maintenance operations (PMO). This partnership marks a significant leap in unifying inspections and maintenance, enhancing efficiency while capturing reliable data for smarter maintenance decisions, naturally propelling PMO to the next level.

This partnership fits into Property Meld’s broader plan for ‘Nexus’, its initiative to bring every facet of maintenance operations together. ‘Nexus’ embodies its purpose: a connection point that eliminates inefficiencies, drives data-driven decisions, and redefines property maintenance. From vendor management to property accounting integrations, Property Meld is creating the future of property maintenance through connectivity—and the integration with zInspector’s inspection platform is helping bring that vision to life.

“Everyone knows that the property management industry continues to evolve at top speed, and data is the key to making informed decisions,” says Ray Hespen, CEO and Co-Founder of Property Meld. “With zInspector on board, we’re delivering on our promise to expand the Nexus ecosystem and give property managers the visibility they need to tackle maintenance issues head-on, and ultimately protecting investor returns.”

“At zInspector, we are dedicated to making property inspections as thorough and seamless as possible,” said Andrew Wallace, CEO and Founder of zInspector. “By integrating with Property Meld, we’re enabling property managers to take immediate action on inspection work, ensuring maintenance needs are addressed with speed and precision. This partnership represents a major step forward in how inspections and maintenance work together in the industry.”

This integration goes far beyond simply syncing zInspector’s inspection solution with Property Meld’s maintenance platform. By leveraging the data captured during every inspection, property managers gain deeper insights into their operations, allowing them to optimize workflows, reduce downtime, and ultimately boost profitability.

Additionally, Property Meld and zInspector will co-host a webinar on March 19, providing property managers with insights into how this partnership will optimize overall operational performance and the force behind a strong inspections and maintenance integration. For more details on this integration, visit www.propertymeld.com or www.zinspector.com.

About Property Meld
Property Meld is a property maintenance operations platform designed to enhance efficiency and provide clear oversight through improved data visibility. It significantly reduces repair times while optimizing and documenting communication to create a better experience for all stakeholders. Property Meld offers valuable performance metrics, enabling data-driven decisions to drive growth and profitability. Seamlessly integrating with leading property accounting software, it is an essential tool for modern property management.

About zInspector
zInspector is an industry-leading property inspection platform designed to streamline documentation, enhance transparency, and simplify inspections for property managers and owners. Through its advanced technology, zInspector ensures accurate, data-driven insights that support better property management decisions.

Contact: Madison Zimmerman, Property Meld
Phone: (605) 431-0265
Email: madison@propertymeld.com 

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SOURCE Property Meld

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Skylark Labs Reveals Scout MK I: Next-Generation Privacy-Preserving Public Safety Platform

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NEW YORK, March 13, 2025 /PRNewswire/ — Skylark Labs, a leading provider of AI-powered security and safety solutions, today announced the launch of Scout MK I AI Tower, an advanced mobile surveillance system designed specifically for public safety applications within the United States. This cutting-edge system leverages Skylark Labs’ proprietary Kepler AI platform to deliver unprecedented threat detection capabilities for law enforcement agencies, public event managers, and construction site operators across America.

Following the successful deployment of the Scout MK II for border security operations, Skylark Labs has adapted its revolutionary technology to strengthen security within American communities. As public spaces face increasingly complex safety challenges—from unauthorized access at construction sites to dangerous situations at community events—conventional surveillance systems typically sacrifice either comprehensive coverage or individual privacy. The Scout MK I AI Tower integrates multiple proprietary privacy-preserving sensors with adaptive AI for rapid deployment in any environment where public safety monitoring is needed.

MOBILE MK I MONITORING PLATFORM

The Scout MK I features a compact 20-50 feet telescoping design that deploys in under an hour and operates for 72+ hours on integrated solar power, eliminating the need for fixed infrastructure or external power sources. The system integrates proprietary privacy-preserving spatial mapping technology, multi-spectrum imaging, advanced radar, and AI-powered audio analysis into a rapidly deployable tower. The system’s onboard Kepler AI can detect weapons, unauthorized access, violence, crowd formations, and destructive activities in real-time. The audio analysis system identifies critical sounds including gunshots, breaking glass, and distress calls. The system can be fully operational within 60 minutes at construction sites, public events, critical infrastructure, or remote locations without existing security infrastructure.

PROPRIETARY PRIVACY-PRESERVING MULTI-SENSOR APPROACH

The Scout MK I’s privacy-preserving design creates a crucial balance for modern policing. By using proprietary spatial sensors rather than continuous video surveillance, the system protects privacy while maintaining security effectiveness. This approach allows police departments to deploy advanced monitoring in privacy-sensitive locations, reducing both community resistance and data storage requirements. When threats are detected, targeted visual verification activates only as needed, ensuring effective response without unnecessary surveillance of law-abiding citizens.

REVOLUTIONARY ADAPTIVE INTELLIGENCE

At the heart of the Scout MK I is Skylark Labs’ groundbreaking Kepler adaptive AI platform—a breakthrough on-device intelligence system that learns instantly from new environments without pre-training, detects threats proactively through multi-sensor analysis, operates entirely on-device with no external data transmission, adapts continuously to evolving security challenges, and maintains complete functionality without internet connectivity.

“What makes our Kepler platform revolutionary is its ability to recognize potential threats before they fully manifest,” explains Dr. Amarjot Singh, CEO of Skylark Labs. “The system begins learning immediately upon deployment, identifying normal patterns and distinguishing them from potential threats without requiring massive datasets or cloud connectivity. As it encounters new scenarios, it continuously refines its detection capabilities, dramatically reducing false positives while ensuring genuine threats aren’t missed.”

PROVEN TECHNOLOGY

The Scout MK I AI Tower is already being used by public safety clients across the United States.

“As security professionals, we’re constantly balancing effectiveness against resource constraints,” notes Greg West, Western Hemisphere Consulting. “The Scout MK I’s combination of mobility, adaptive intelligence, and privacy protection solves our most pressing operational challenges while building community trust. Its ability to continuously improve threat detection while reducing false alarms addresses the fundamental limitations we’ve faced with previous technologies.”

The Scout MK I AI Tower is now available for demonstration and deployment to qualified agencies and security operators across the United States. For more information about Skylark Labs’ public safety solutions, please visit Mobile Tower System: Advanced Multi-Sensor Surveillance Platform | Skylark Labs.

ABOUT SKYLARK LABS

Skylark Labs is a U.S.-based artificial intelligence company that is revolutionizing AI with adaptive technology that learns on any device from a single experience. Our brain-inspired architecture enables AI that adapts continuously like the human brain, eliminating operational disruptions while reducing costs. As a U.S.-based company, we specialize in advanced AI solutions for defense and security, delivering actionable intelligence at the tactical edge for enhanced situational awareness.

For more information, please contact us at info@skylarklabs.ai.

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SOURCE Skylark Labs, Inc.

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