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  • Wednesday, September, 2022| Today's Market | Current Time: 06:27:24
  • Quote by Ankit Wadhwa CEO & Co-Founder of Rario on NFT market expected to rise to $231 billion by 2030

    Published on July 25, 2022

    “According to the report released by the consulting and global research firm VMR (Verified Market Research), the overall value of the NFT market is expected to rise to $231 billion by 2030, growing at a CAGR of 33.7 percent. I have always been of the opinion that Web 3.0 and NFTs represent a new business model based on digital ownership, that is here to stay. This will have a huge impact on several industries and cohorts going forward. For instance, in cricket, we at Rario are creating the world’s largest NFT-powered community of fans. Owning a limited edition Rario Player or Moment Card NFT gives access to the Rario Club – where fans can engage with each other and the sport in various NFT-based games and apps. Ownership of a Rario NFT also opens doors for fans to meet and engage with our star brand ambassadors and partners. Further, confidence in their value is built by us using private blockchain technology that is decoupled from crypto currency and its market volatility. As for our partners, not only do NFTs create an additional revenue model, but as witnessed in our strategic alliance with Cricket Australia and the Australian Cricketers’ Association, will also help in fostering new talent and providing assistance and support to ex-players.”

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