Dublin–(business wire)–“Indonesia NFT Market Intelligence and Future Growth Dynamics Databook – Over 50 KPIs for NFT Investments by Major Assets, Currencies and Distribution Channels – Q2 2022” report added of ResearchAndMarkets.com Recruitment.
Indonesia’s NFT industry is expected to grow by 50.8% on an annual basis to reach USD 2,367.6 million in 2022.
The NFT industry is expected to grow steadily over the forecast period, registering a CAGR of 35.8% from 2022 to 2028. Her NFT spending in the country will grow from $2,367.6 million in 2022 to $1,394.7 million by 2028.
The digital economy is moving in the direction of Web3.0, Metaverse and Decentralized Autonomous Organizations (DAOs). As a result, artists from all walks of life are entering this free-for-all creative space with increasing momentum. Over the past 12 months, NFTs have given creators full control over their content and greatly facilitated community interaction.
In Indonesia, more and more artists are entering the NFT space who are continuously looking for new ways to grow and tap their talents. Notably, Art Moments Jakarta, one of his early adopters of the NFT space, fully supported Indonesia’s digital economy by adopting a hybrid live online approach to the 2021 exhibition. 64 national and international artists, curators and galleries.
With NFTs gaining some momentum and popularity in Indonesia, authorities have also shown interest in investigating the existence of blockchain technology. The publisher expects a stronger set of regulatory guidelines for his NFT sector in Indonesia in the short to medium term.
Public familiarity with blockchain-based services and NFTs is expected to drive market growth in Indonesia
The adoption of cryptocurrencies, NFTs, and blockchains is expected to become more widespread in Indonesia over the next two to three years. Investment in and use of NFTs will also increase digital literacy, but given that Indonesians are relatively new to the technology, it is imperative that the general public become familiar with blockchain-based services and his NFTs.
Influencers and celebrities start creating NFT projects in Indonesia
Amidst the burgeoning NFT trend in the country, influencers and celebrities have started creating NFT projects as they seek to monetize their work and generate new revenue streams.
Indonesian singer and socialite Syahrini is one of the country’s celebrities who launched the NFT project and gained worldwide recognition. Under Princess Shalini, she created and launched her NFT collection on Binance her NFT Marketplace. The NFT collection sold out within 8 hours of her launch on the Binance NFT Marketplace.
Another celebrity in the Indonesian entertainment industry, Luna Maya, created the NFT project. Luna Maya has entered into a strategic collaboration with She Tokau, a Japanese art company with NFT creation experience. The NFT collection was launched on the BakerySwap NFT Marketplace.
Influencers and celebrities aren’t just creating their own NFT collections.But they are also actively promoting various NFT projects
Actor Brandon Salim, renowned Indonesian chef Arnold Poernomo, and the influencer known as Jeju are behind one of the country’s most successful NFT projects, Colorful, which has also expanded globally. . As of April 2022, the trading volume of the NFT project was 37,200 Ether.
Cryptocurrency exchange organizes NFT fundraising campaign to fight Covid-19 pandemic in Indonesia
Globally, brands and companies are discovering several innovative NFT use cases. From using NFTs as promotional tools to increase brand awareness, to using digital assets to raise funds for noble causes. A similar trend has been seen in Indonesia, where cryptocurrency exchanges are organizing NFT fundraising campaigns to fight the global pandemic.
Tokocrypto, Japan’s Leading Cryptocurrency Exchange, Forms NFT in Partnership with Former CEO of GoPay Aldi Haryopratomo, NFT Collector Evan Tan, Art Blocks NFT NFT Creator William Tan and Chef Arnold Poernomo Did. Fundraising campaign in Indonesia.
Startup is using emerging blockchain 5.0 technology to launch NFT market in Indonesia
Blockchain technology innovation has driven the growth of Indonesia’s NFT industry. Of note, the startup is using emerging blockchain 5.0 technology to launch his NFT marketplace in the country.
In March 2022, Relictum Pro, the digital world of applications, announced the launch of Relictum NFT in Indonesia. In particular, Relictum NFT is a public he marketplace where users can choose any token format. The marketplace will be developed and launched on the emerging Blockchain 5.0 Relictum Pro technology. According to the company, Relictum also introduced his USDR, a stablecoin.
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This report provides an in-depth, data-centric analysis of the Indonesian NFT market. Below is an overview of the major market segments.
Indonesia NFT Market Size and Future Growth Dynamics by Key Performance Indicators, 2019-2028
Indonesia NFT Market Size and Forecast by Major Assets, 2019-2028
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Goods and art
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real estate
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sports
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game
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utility
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fashion & luxury
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other
Indonesia NFT Market Size and Forecast by Major NFT Collecting Assets, 2019-2028
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digital art
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music and sound clips
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movie
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memes and gifs
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other
Indonesia NFT Market Size and Forecast by Currency, 2019-2028
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ethereum
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Solana
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avalanche
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polygon
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BSCMore
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flow
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wax
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Ronin
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other
Indonesia NFT Market Size and Forecast by Sales Channels, 2019-2028
Indonesian User Statistics, 2019-2028
For more information on this report, please visit https://www.researchandmarkets.com/r/7e8ju0.
