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WebsCrypto—News—The NFT Industry in the UAE and Singapore Is Expected to Grow at an Annual Rate of 45.5% And 51.2%
News

The NFT Industry in the UAE and Singapore Is Expected to Grow at an Annual Rate of 45.5% And 51.2%

By Simon LawsonDecember 9, 20221 Min Read
The NFT Industry in the UAE and Singapore Is Expected to Grow at an Annual Rate of 45.5% And 51.2%
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According to the report, the NFT industry in the United Arab Emirates is expected to grow at an annual rate of 45.5%, reaching $982.1 million by 2022. The NFT industry is expected to grow steadily during the forecast period, with a CAGR of 32.1% during 2022-2028.

The value of NFT spending in the country will increase from $982.1 million in 2022 to $4,746.3 million in 2028. Additionally, Singapore’s NFT industry is expected to grow at an annual rate of 51.2% to reach $1,879.3 million by 2022.

The NFT industry is expected to grow steadily during the forecast period, with a CAGR of 36.9% during 2022-2028. The value of NFT spending in the country will increase from $1,879.3 million in 2022 to $11,180.2 million in 2028.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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