Japan NFT Market Intelligence Report 2022-2028

Dublin, December 16, 2022 /PRNewswire/—— “Japan NFT Market Intelligence and Future Growth Dynamics Databook – 50+ NFT Investment KPIs by Key Assets, Currencies, Sales Channels – Q2 2022” report added to ResearchAndMarkets.com’s supply.

The NFT industry is Japan It is expected to grow by 53.0% per year, reaching $1.3615 billion 2022.

The NFT industry is expected to grow steadily during the forecast period, with a CAGR of 38.7% during 2022-2028.The value of NFT spending in the country will start from $1.3615 billion reached in 2022 $8.8072 billion by 2028.

NFT, a new type of password– Assets representing digital items, ranging from images and videos to avatar clothing, have become popular globally over the past four to eight quarters. NFTs are datasets on a digital ledger that prove ownership and help investors earn post-sale returns on these unique digital assets. These NFTs are not new, the first NFTs were launched in the mid-2010s. On the other hand, the latest data creates the dilemma of whether the bubble will burst as weekly NFT sales plummet across the globe.

As the hype continues to increase across the globe for commercial players, artists and entertainers, Japan It has also entered a new trend of creating a new digital economy.Therefore, consulting providers password Assets and the blockchain see various artists, publishers and Japan. E.g, TokyoGracone, a New York-based start-up, earns handsome income from its consulting services in the country.

although Japan Still in the early stages of development, businesses and organizations have partnered with NFT and blockchain platforms to launch innovative products. Notably, the booming NFT market has attracted major Coincheck Inc. cryptocurrency exchange operator in JapanIntroducing its NFT marketplace March 2021.

Importantly, many people are Japan Be skeptical of cryptocurrencies and NFTs. Also, many Japanese are interested in them but don’t know what to do with them.The new NFT platform HEXA came into being Japanto help people buy and sell NFTs in yen without holding any currency cryptocurrency wallet. Users can also use the platform without paying any transaction fees or gas fees, while they can set royalties and unlockable content like OpenSea.

Despite growing interest in the market from Japanese creators and businesses, NFTs still face hurdles in the country.Since technical knowledge of personnel is essential for installation and management cryptocurrency The market is facing various headwinds for the wallet services required to operate these NFTs.Improving usability for common users is a challenge in the current NFT market scenario Japan. Beyond that, legal issues surround NFT ownership in the country.

Amid this uncertainty, publishers expect NFTs to be game-changing in the long run Japan Having successful pop culture, anime and manga has the potential to drive this trend in the country over the next four to eight quarters.

NFT platform brings Japanese artists and creators together on one platform

As the world shifts from the physical to the digital, various artists and creators are sharing their rich culture with the world in the form of NFTs. Therefore, NFT platforms are actively bringing these artists and creators together on one platform to attract more customers in Japan in the long run.

story continues

exist April 2022, a new NFT marketplace Primes, developed by Angela Global Co. Ltd., centralizes Japanese content on one platform and converts it into NFT to protect the works of Japanese creators.since Japan Boasting a very rich culture, this new platform has chosen Japanese content to launch on the Primes marketplace as NFTs.

Based on out Taiwanthis platform is not limited to the Japanese market, and United StatesOceania, Asiawith middle East. Primes is a new economic zone that allows global users to discover collectible and innovative NFTs that generate income.

Japanese entertainment conglomerates and video game companies are entering the NFT space, vying for the growing market

The first release was successful Ethereum in NFT Japan, the industry surged in early 2021; the boom went well, with artists and celebrities buying their own NFTs. Hence, various businesses and organizations are rushing into the high-growth market to earn long-term profits.

exist September 2021Japanese entertainment conglomerate and video game company Square Enix announced its entry into the NFT space with NFT-centric projects, including blockchain-based video games and collectibles.

Square Enix launches NFT digital trading cards Japanwhich is based on the anime and video game franchise”thirteen million king arthur” and developer Double Jump. Tokyo/ Maternal and Child Health Hospital +. It was the company’s strategy to test the waters, and it worked, selling out all the cards.

reason to buy

• Develop national-level strategies based on data and analysis.

• Identify investment opportunities in growth areas.

• Stand out from the competition by combining forecast data and market trends.

• Improve policies using relationships between primary datasets with valuable insights.

• Suitable for delivering accurate, high-quality data and analysis to support internal and external presentations.

Key topics covered:

1 About this report
1.1 Summary
1.2 Methodology
1.3 Definition of NFT
1.4 Disclaimer

2 Japan NFT Market Size and Future Growth Dynamics by Key Performance Indicators
2.1 Japan NFT – Total Sales Expenditure Value Trend Analysis, 2019 – 2028
2.2 Japanese NFT – Total Sales Expenditure Trend Analysis, 2019 – 2028
2.3 NFT in Japan – Average Value Trend Analysis per Transaction, 2019 – 2028

3 Key market insight and innovation of NFT in Japan
3.1 Consumer Behavior
3.2 Competitive Landscape and Growth Strategies
3.3 Regulatory Trends

4 Japanese NFT market size and main asset forecast
4.1 Japan NFT market share (%) by main asset, 2021 vs. 2028
4.2 Analysis of NFT Collectibles and Art Trends in Japan, 2019-2028
4.3 Japan NFT Real Estate Trend Analysis, 2019 – 2028
4.4 Japan NFT Sports Trend Analysis, 2019-2028
4.5 Trend Analysis of NFT Games in Japan, 2019 – 2028
4.6 Trend Analysis of NFT Utility in Japan, 2019 – 2028
4.7 Japan NFT Fashion and Luxury Trend Analysis, 2019-2028
4.8 Trend Analysis of NFT Other Assets in Japan, 2019 – 2028

5 Japan’s NFT collections and art market size and main asset forecast
5.1 Japanese NFT collectibles and art market share By key assets (%), 2021 vs. 2028
5.2 Japan NFT Collectibles and Art-Digital Art Spending Value Trend Analysis, 2019-2028
5.3 Japan NFT Collectibles and Art-Music and Sound Clips Spending Value Trend Analysis, 2019-2028
5.4 Japan NFT Collectibles and Art-Video Spending Value Trend Analysis, 2019 – 2028
5.5 NFT Collectibles and Art in Japan – Memes and GIF Spending Value Trend Analysis, 2019 – 2028
5.6 Japan NFT Collectibles and Artworks-Other Assets Expenditure Value Trend Analysis, 2019-2028

6 Japanese NFT Market Size and Currency Forecast
6.1 Japan NFT Market Share (%) by Currency, 2021 vs. 2028
6.2 Japanese NFT Currency Ethereum – Spending Value Trend Analysis, 2019-2028
6.3 Japanese NFT Currency Solana – Expenditure Value Trend Analysis, 2019 – 2028
6.4 NFT Currency Avalanche in Japan – Expenditure Value Trend Analysis, 2019 – 2028
6.5 Japan NFT Currency Polygon – Expenditure Value Trend Analysis, 2019 – 2028
6.6 Japan NFT Currency BSC – Expenditure Value Trend Analysis, 2019 – 2028
6.7 Japan NFT Currency Flow-Spending Value Trend Analysis, 2019-2028
6.8 Japan NFT Currency WAX – Expenditure Value Trend Analysis, 2019 – 2028
6.9 NFT Currency Ronin in Japan – Expenditure Value Trend Analysis, 2019 – 2028
6.10 Japan NFT Other Currencies – Expenditure Value Trend Analysis, 2019 – 2028

7 Japan NFT Market Size and Main Sales Channel Forecast
7.1 NFT Market Share of Major Sales Channels in Japan in 2021 (%) 2028
7.2 Japan NFT Primary Market- Spending Value Trend Analysis, 2019-2028
7.3 Japan NFT Secondary Market- Spending Value Trend Analysis, 2019 – 2028

8 Japan Internet and Population User Statistics 2019-2028
8.1 Trend Analysis of Internet Users in Japan, 2019-2028
8.2 Japan Internet Penetration Rate, 2019-2028
8.3 Japan Adult Population Trend Analysis, 2019-2028

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