NFT industry in UAE and Singapore expected to grow at 45.5%, 51.2% per annum

12/08 21:45

According to the report, the NFT industry in the United Arab Emirates is expected to grow at a rate of 45.5% per annum to reach US$982.1 million by 2022. The NFT industry is expected to grow steadily over the forecast period, at a CAGR of 32.1% from 2022-2028. The value of NFT spending in the country will increase from US$982.1 million in 2022 to US$4,746.3 million in 2028. In addition, the NFT industry in Singapore is expected to grow at an annual rate of 51.2% to reach US$1,879.3 million by 2022. The NFT industry is expected to grow steadily over the forecast period, at a CAGR of 36.9% from 2022-2028. The value of NFT spending in the country will increase from US$1,879.3 million in 2022 to US$11,180.2 million in 2028.

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