Skip to content Skip to sidebar Skip to footer

DUBLIN, Dec. 29, 2022 /PRNewswire/ — The “United Kingdom NFT Market Intelligence and Future Growth Dynamics Databook – 50+ KPIs on NFT Investments by Key Assets, Currency, Sales Channels – Q2 2022” report has been added to’s offering.
NFT industry in United Kingdom is expected to grow by 48.7% on an annual basis to reach US$1725.2 million in 2022.

The NFT industry is expected to grow steadily over the forecast period, recording a CAGR of 34.5% during 2022-2028. The NFT Spend Value in the country will increase from US$1725.2 million in 2022 to reach US$9257.0 million by 2028.

The non-fungible tokens (NFT) market has recorded significant growth over the last 12 months globally, and the trends are similar in the United Kingdom. With the growing popularity of digital assets among people across different age groups, the market has recorded strong transaction value and volume. This trend is expected to accelerate as innovative startups with strong business models continue to enter the United Kingdom NFT industry.

The NFTs have grown into prominence across different industry verticals in the United Kingdom. From sports to real estate and even entertainment, every industry finds an innovative NFT use case. This NFT uses cases to support the growth of the market in the country. Moreover, as NFT startups continue to innovate and develop differentiated NFT products, these startups are also raising funding rounds in the country to further accelerate their growth.

The United Kingdom NFT industry is also getting support from the government. Notably, the support from the government towards the development of the NFT industry is a testament to the high growth potential of the NFT market in the United Kingdom. With the NFT market just getting started in the country, the publisher expects the industry to record strong growth over the next three to four years.
NFT marketplaces are raising funding rounds to drive their growth in the NFT industry

The global NFT industry is expected to record strong growth over three to four years. In the growing prominence and popularity of the NFT market in the United Kingdom, NFT startups are raising funding rounds to further accelerate the growth of their marketplaces.
In March 2022, KnownOrigin, one of the leading NFT marketplaces in the United Kingdom that allows users to discover rare art, announced that the firm had raised US$4.85 million in its Series A funding round, which was led by venture capital firms GBV and Sanctor Capital. Some other investors who participated in the funding round include Pluto Digital, Cultur3 Capital, LD Capital, and D1 Ventures.
The NFT startup is planning to use the funding round to further improve its NFT digital art marketplace, to allow creators to benefit from emerging technologies such as Metaverse and Web 3. According to the founder, the funding round will help the firm grow, innovate, and build an NFT ecosystem that will further accelerate the market’s growth.
To achieve this goal, the firm has also collaborated with big brands, including Netflix, Adidas, and Adobe. As of March 2022, the NFT marketplace has more than 5,000 creators on the platform and has generated sales of over US$30 million over the period of the last 12 months. The NFT marketplace has built a new royalties system, allowing creators to receive the royalties instantly after each sale.
Venture Capital investment firm acquires 50% stake in the UK-based NFT startup. With the NFT market expected to record strong growth over the next three to four years, venture capital firms are increasing their stake in NFT startups in the United Kingdom to get a major share of the market.
In April 2021, Codebase Ventures Inc. (Codebase) announced that the firm had acquired a 50% stake in the UK-based NFT startup, InstaCoin. Notably, the 50% stake acquired by Codebase represents an investment of £100,000 in the NFT startup. Notably, InstaCoin allows users to connect their social media profiles to the blockchain and create instant NFT tokens using their content.
NFT platform that allows social media users to connect their profile to blockchain and create NFTs launched in the United Kingdom.Millions of social media users have looking for ways to monetize their content online. Targeting such users, NFT startups are creating innovative products which allow social media users to create NFTs and monetize their content.
InstaCoin, an innovative NFT startup in the United Kingdom, allows users to connect their social media profiles to the blockchain and instantly create NFT tokens from their content. This allows social media users to start monetizing the content they have created on social media platforms. Once the NFT tokens are created, followers and fans connect in the open market for immediate sales.
InstaCoin has positioned itself as the first-ever self-serve social NFT platform. With a cost of US$1 per NFT, the simple business model of the InstaCoin platform is targeting millions of existing social network users to create sales and drive revenue. Moreover, users also receive a lifetime commission on selling their NFT tokens in the secondary market, thereby generating more income for social media users.

United Kingdom NFT Market Size and Future Growth Dynamics by Key Performance Indicators, 2019-2028

United Kingdom NFT Market Size and Forecast by Key Assets, 2019-2028
Collectibles and Art
Real Estate
Fashion & Luxury
United Kingdom NFT Market Size and Forecast by Key NFT Collectible Assets, 2019-2028
Digital Art
Music & Sound Clip
Memes & Gif
United Kingdom NFT Market Size and Forecast by Currency, 2019-2028
United Kingdom NFT Market Size and Forecast by Sales Channels, 2019-2028
United Kingdom User Statistics, 2019-2028

For more information about this report visit
Media Contact:
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
View original content:—nft-marketplaces-are-raising-funding-rounds-to-drive-their-growth-301710934.html
SOURCE Research and Markets
‘You decided to give the exclusive rights to Netflix, you faded light bulb’
The penultimate trading day of 2022 brought a sigh of relief for investors in shares of Enovix (NASDAQ: ENVX), QuantumScape (NYSE: QS), and ChargePoint Holdings (NYSE: CHPT). As of 11:45 a.m. ET Thursday, while QuantumScape and ChargePoint stocks were trading 6.3% and 7.2% higher respectively, Enovix stock was up a solid 13.7%. This morning, the U.S. Department of Labor reported only a marginal increase in the filings for unemployment insurance for the week ending Dec. 24.
ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Q3 2022 Earnings Call Transcript November 16, 2022 ZIM Integrated Shipping Services Ltd. beats earnings expectations. Reported EPS is $9.66, expectations were $9.54. Operator: Ladies and gentlemen, thank you for standing by. I am Irene, your chorus call operator. Welcome and thank you for joining the ZIM Integrated Shipping […]
Investors in Canoo (NASDAQ: GOEV) have had a rough year in 2022 with the stock plunging by 85%. After popping 8.4% early Thursday, Canoo stock was holding on to a gain of 6.5% as of 12:30 p.m. ET. One bit of news that might have investors more positive on the stock is a new report from EV sector site Electrek.
In this article, we will take a look at the 12 best 52-week high stocks to buy now. If you want to see more stocks in this selection, go to the 5 Best 52-Week High Stocks To Buy Now. The equity markets have been taking a beating this year as the Dow Jones Industrial Average […]
All three of these high-yield dividend stocks have a long history of annual payout raises and an ability to raise their distributions without breaking their balance sheets. Shares of AbbVie (NYSE: ABBV) have risen more than 50% from a low point in October. Right now, AbbVie's dividend doesn't offer much more than a savings account.
There’s been a lot of talk about the downward economic pressures that have pummeled the markets in 2022 – maybe too much such talk. Yes, the S&P 500 is down almost 21%, and the NASDAQ is down 35%, but investors can still find sound opportunities. J.P. Morgan analyst Ryan Brinkman has been sorting through the automotive industry stocks, and he’s found several that are worth a closer look. So let’s do just that. We know that the auto industry has its own particular headwinds, including the ongoing
The Federal Reserve gave the stock market a shock recently as the central bank raised interest rates once again, taking its benchmark rate to its highest level in 15 years. The Fed also suggested that it would keep raising rates in 2023 to bring down inflation. The Fed's hawkish stance sent equities tumbling, as it was expected that the central bank would dial down rate increases in 2023 thanks to signs of cooling inflation.
Business magnate Warren Buffett is widely regarded as one of the greatest investors of the modern-day world. His seemingly unmatched and consistent value-investing strategies have earned him the title of Oracle of Omaha. Many of his investing strategies are known, but there is one that is often overlooked yet incredibly important. It’s a lot more prevalent in the startup investing world — one customer can mean all the difference for a startup but not necessarily for public companies. What happen
Shares of Cal-Maine Foods (NASDAQ: CALM) were moving lower this week after the country's largest egg producer reported strong growth in its fiscal second quarter but missed earnings estimates. As a result, the stock was down 16.4% for the week through Thursday, according to data from S&P Global Market Intelligence, with the bulk of those losses coming on Thursday after the earnings report came out. Cal-Maine's revenue jumped 110% to $801.7 million, beating estimates at $797.8 million, as prices for conventional eggs hit records, increasing to $2.88 per dozen from $1.15 per dozen in the quarter a year ago.
Yahoo Finance’s Pras Subramanian joins the Live show to discuss reports that Elon Musk has addressed Tesla staff in a memo thanking them for a strong fourth quarter and assuring them to not be bothered by stock price uncertainty.
Yahoo Finance Live anchors discuss the decline in stock for Cal-Maine Foods despite topping revenue expectations.
Based on the agreement Elon Musk signed to help fund his Twitter purchase, he has experienced his first margin call because of Tesla's stock-price declines.
The Dow Jones rallied Thursday after first-time jobless claims. Tesla stock raced higher on a reiterated overweight rating.
Shares of several popular fintech stocks rode the wave upward with the broader market Thursday after new data from the Labor Department indicated that the red-hot U.S. job market may be cooling a bit. As of 12:30 p.m. ET, shares of one-stop-shop financial services company SoFi (NASDAQ: SOFI) were trading nearly 4% higher, artificial intelligence-assisted lender Upstart (NASDAQ: UPST) was up by more than 4%, and insurtech company Lemonade (NYSE: LMND) was up by more than 5.5%. Investors rejoiced after new unemployment claims came in at 225,000 for the week that ended Dec. 24 — 9,000 higher than the prior week and slightly above the consensus estimate.
Citi Managing Director in Equity Research Jim Suva joins Yahoo Finance Live to discuss Apple’s stock valuations, six reasons he believes Apple’s shares can trade higher, the demand for products, setting up production in India, and the outlook for the tech giant moving into 2023.
The FDA accepts Kala Pharmaceuticals' (KALA) investigational new drug application for pipeline candidate KPI-012 for treating persistent corneal epithelial defect. Stock up.
The three stocks that caught my eye were Carvana (NYSE: CVNA) jumping by as much as 17%, Skillz (NYSE: SKLZ) popping 14.9%, and Silvergate Capital (NYSE: SI) gaining 7.3%. The broad market was rising Thursday in part because interest rates on bonds have dropped, which often correlates with a rising stock market. Skillz and Carvana specifically are burning cash even as their stocks fall and their growth slows.
In this article, we discuss the 12 cheap value stocks to buy according to Warren Buffett. If you want to skip our discussion, go directly to 5 Cheap Value Stocks to Buy According to Warren Buffett. Warren Buffett and His Investment Strategy Warren Buffett is one of the most successful investors in the world and […]
GE will ultimately break into three separate, independent, publicly traded companies. Next week Healthcare will be the first to be spun off.


Leave a comment