NFT Market to Reach $61 Billion in 2025: Projections and Drivers of Expansion

The NFT market is poised for significant growth, projected to reach between $48.74 billion and $61.01 billion by 2025. This expansion is driven by several key factors. Platforms such as Binance Holdings Ltd. and Sky Mavis are expected to play a dominant role in this market. AI integration and DeFi technologies also contribute significantly to the growth of the NFT market, fostering innovative applications and broader digital ownership.