The global NFT market size is expected to grow from USD3.0 billion in 2022 to USD13.6 billion by 2027, at a Compound Annual Growth Rate (CAGR)OF 35% from 2022 to 2027. The major factors fueling the NFT market include the increasing influence of celebrities to fuel the momentum of NFT adoption, revolutionizing the gaming industry, and the slow but continuing rise in demand for digital artworks.