The NFT market is undoubtedly here to stay as it adapts to the creative inclinations of a new digital generation, fueled by the COVID-19 pandemic and an influx of easy-to-use and cost-efficient NFT minting platforms, protocols, and markets, and growing demand from the gaming sector. According to MarketsandMarkets, the global blockchain market is expected to reach $39.7 billion by 2025, registering a 67.3% CAGR.
Given that the NFT hype is grabbing the attention of increasing numbers of investors, Wall Street analysts expect NFT stocks Funko Inc . (FNKO), Cinedigm Corp. (CIDM), and Jiayin Group Inc . (JFIN) to rally by more than 40% in price in the coming months.