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Latin America NFT Market Intelligence and Future Growth Dynamics Databook 2022: Market is Expected to Grow by 48.4% to Reach $5871.1 Million in 2022

Dublin, January 6, 2023 /PR Newswire/ — “Latin America NFT Market Intelligence and Future Growth Dynamics Databook – 50+ KPIs for NFT Investments by Key Assets, Currencies and Distribution Channels – Q2 2022” report added of ResearchAndMarkets.com Recruitment.

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NFT industry latin america It is expected to grow by 48.4% on an annual basis, $5,871.1 million 2022.

The NFT industry is expected to grow steadily over the forecast period, registering a CAGR of 34.8% from 2022 to 2028.His NFT spending in the country is $5,871.1 million reach 2022 $31,994.3 million By 2028.

nonsubstitutable Token (NFT) Market latin america It has expanded rapidly in the last few years. The Brazilian athlete’s presence on the NFT marketplace has boosted the widespread adoption of his NFTs among the general public.

Additionally, these countries have also seen a significant increase in the adoption of NFTs in the art industry. Recruitment by visual artists and big names in the music industry is driving the growth of the NFT industry. Brazil.

The NFT industry has recorded strong growth over the last four quarters, BrazilNFT Marketplace seeks to tap into the potential of a high-growth market.

As the popularity of NFTs continues to rapidly gain momentum globally, publishers expect more and more sports teams to collaborate and launch NFTs soon.

of NFT Marketplaces Brazil has chosen eco-friendly methods to attract more artists to its platform, which in turn helps foster their growth.

Hic et Nunc, major BrazilCreate your artwork on the Tezos blockchain, the underlying NFT marketplace for artists around the world. ethereumAdditionally, the cost of the energy-efficient Tezos blockchain is 30 cents compared to $200 to perform a single transaction with ethereum blockchain.

As the popularity of NFTs continues to grow globally, Brazilian startups and artists are raising millions of dollars by creating NFT collections and selling them.

of March 2022Lumx Studios, one of the leading startups from Rio de Janeiro The company that develops the experience in the Metaverse has announced that the company has acquired 2 million reais Enter the NFT market with the 55Unity collection. To date, the 55Unity collection remains the largest collection project, with 3,000 tokens sold in 28 hours.

of September 2021Monica Rizzolli, Generative Art NFT Collection, Fragments of an Infinite Field 28.35 million reais at auction.

Publishers expect similar trends to develop over the next two to three years in the Mexican NFT market. Several brands have already started incorporating his NFTs into their marketing strategies, and with increasing frequency. This trend is expected to intensify domestically in the short to medium term. Mexico farther away. Publishers therefore expect increased adoption of NFTs among brands to drive future growth of the country’s market.

A music festival uses NFTs as part of its marketing strategy. MexicoOver the past 12 months, the popularity of NFTs has continued to grow. amid the growing debate on NFTs at Mexicomusic festivals are starting to use NFTs as part of their marketing strategies.

of March 2022Cerveza Tecate Pa’l Norte, one of the biggest music festivals Mexico, announced the creation and sale of NFTs. In particular, NFTs, created specifically for this event and offering lifelong benefits to their owners, were part of Cerveza Tecate’s marketing strategy.

Football League launches NFT Collectibles to generate new revenue stream amid pandemic impact on revenue

of April 2021the country’s top football league, Liga MX, has announced the launch of the NFT collection at the beginning of the 21’/22′ season. August 2021To launch the NFT collection, Liga MX has launched a strategic collaboration with Bondly, the NFT marketplace that puts NFTs up for auction.

Notably, Liga MX is one of the first football leagues to launch an NFT collection. Globally, several individual teams have entered his NFT space and announced merchandise sales.

The football club has entered into a strategic partnership with the NFT platform to launch NFT merchandise.

Several global football clubs and players have entered the NFT space and are launching NFT merchandise.A similar trend can be seen MexicoAt , a football club partners with a global NFT platform to launch NFT.

of February 2022, the Atlas Futbol Club has announced that the club has entered into a strategic partnership with French NFT platform Sorare. This will allow fans to trade his NFT cards for their favorite players.

NFT helps communities rebuild underserved villages in Mexico

From its geographical position, Akumalsmall village of mexican Yucatan In the peninsular region, most government funding for development projects did not reach villages. This is why the area and most of the population were underserved for many years. However, a local bakery owner Jennifer Smithlaunched the Akumal Arts Festival in 2018.

Notably, the event brought together artists from all over the world who visited the area to decorate the town with beautiful images. The arts festival has caught the attention of local authorities and there is currently minor development work taking place in the area.But in 2022, thanks to NFT, the Akumal Arts Festival Akumal Communities rebuild underserved Mexican villages.

of January 2022gathered hundreds of artists from all over the world Akumal A festival sponsored by Third Rail Art. These artists have created murals, organized various community-driven interaction programs, and conducted workshops during art festivals.

of April 2022, Third Rail Art dropped some mural animated NFTs selected from the festival onto the Street Art NFT platform. Called the NFT-4-GOOD collection, 85% of NFT’s proceeds will be donated to the Akumal Cultural Foundation. These NFTs were designed by the artist who created the original mural in partnership with Cryptic Gallery.

As the NFT market matures and develops, Mexicopublishers expect more innovative NFT use cases to emerge in the next three to four years.

Cryptocurrency Exchange turns popular Mexican game into Solana-based NFT experience

Funding through NFTs is the most common, with a growing number of use cases. Many organizations around the world use NFTs to raise money for their nonprofits.In particular, a similar trend can be seen MexicoWhere Cryptocurrency The exchange turns a famous Mexican game into a Solana-based NFT experience.

of October 2021FTX, one of the leading Cryptocurrency The exchange announced that the company is transforming the famous Mexican game Loteria into Solana’s NFT-centric game. Among other things, the company said funding from the project would benefit nonprofits.

This is a bundled service that combines six reports covering regional insights along with data-centric analysis at the regional and country level.

1. Latin America NFT Market Insights Brief
2. Latin America NFT Market Intelligence and Future Growth Dynamics Databook
3. Argentina NFT Market Intelligence and Future Growth Dynamics Databook
4. Brazil NFT Market Intelligence and Future Growth Dynamics Databook
5. Colombia NFT Market Intelligence and Future Growth Dynamics Databook
6. Mexico NFT Market Information and Future Growth Dynamics Databook

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This report provides an in-depth, data-centric analysis of the NFT market, below is an overview of the major market segments.

NFT Market Size and Forecast by Major Assets, 2019-2028

  • Goods and art

  • real estate

  • sports

  • game

  • utility

  • fashion & luxury

  • other

NFT Market Size and Forecast by Major NFT Collecting Assets, 2019-2028

  • digital art

  • music and sound clips

  • movie

  • memes and gifs

  • other

NFT Market Size and Forecast by Currency, 2019-2028

  • ethereum

  • Solana

  • avalanche

  • polygon

  • BSCMore

  • flow

  • wax

  • Ronin

  • other

NFT Market Size and Forecast by Distribution Channel, 2019-2028

User Statistics, 2019-2028

Learn more about this report here https://www.researchandmarkets.com/r/knt3ge

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