Frequently Asked Questions:
Consumer interest in crypto art, or digital crypto artwork sold with a non-fungible token (NFT) certificate of authenticity, grew during the pandemic. NFTs have been around for a while, but as more cultural experiences move online in the Covid-19 era, digital crypto art platforms are now seeing a much greater uptake among regular consumers.
North America accounted for the most heightened share in the global crypto art market.
Applications for both personal and commercial use drive remarkable progress in the global crypto art market. Further adoption of digital crypto art is fostered by benefits like removing ownership and authenticity questions, price advantages for digital art over time, effectiveness, transparency, and proof of insurance and legal documents without the need for third parties.
The photos segment had a major share in the global market in 2021.
The commercial use segment had a major share in the global market.