Report: Blockchain Technology Market to Reach $7.7 Billion by 2024

The EY Report on blockchain predicts widespread implementation of the distributed ledger technology in the next 3 to 5 years. The Blockchain technology is going to reach critical mass soon, declares Ernst and Young. The leading global consulting firm has recently published a report outlining the significance of blockchain technology in various industry sectors. The distributed ledger technology powering digital currencies like Bitcoin has been subject to various experiments, mainly from the fintech industry. The properties of blockchain technology make it quite unique and well adaptable to....

A new report is predicting that the total value of the NFT market will reach $200 billion in 2030. The report, issued by Grand View Research, a multinational market insights company, found that the rising demand for this kind of instrument — due to its growing number of applications — will fuel growth of the market. NFT Market to Reach $200 Billion, Fueled by Growing Demand Non-fungible tokens (NFTs) are becoming more popular due to their wide array of applications in different industries. A recent report issued by Grand View Research, a market insights company,....

Traditional industries are currently facing an ultimatum—either embrace new technology or succumb to old methods. Since 2008, blockchain technology has been central to this conversation. According to recent estimates, corporations will spend nearly $20 billion on blockchain services by 2024. Overall, blockchain has emerged as a revolutionary and disruptive technology, creating opportunities across finance, real […]

ApeCoin (APE), the ERC-20 token governing the ApeCoin Decentralized Autonomous Organization (DAO), showed notable growth in the first quarter (Q1) of 2024.  Key metrics showed significant progress, driving APE’s market capitalization, token price, and trading volume quarter-over-quarter (QoQ), demonstrating consecutive quarters of growth. ApeCoin Regains Unicorn Status As noted in a recent report by Messari, APE’s rebound was particularly noteworthy compared to the broader cryptocurrency market, which grew 53% quarter over quarter, and Bitcoin’s market cap, which grew 63%....

The next eight years could see the blockchain marketplace grow to almost $8bn in value, according to a new research report. The report, prepared by Grand View Research, points to a combination of industry investments, enterprise interest in blockchain solutions and growing use of digital currencies among consumers as the lead driver of expected growth. Overall, the market could be as valuable as $7.74bn by 2024, the firm estimated. As for where geographically that growth is anticipated to take place, Grand View suggests that most is going to emerge from financial sectors in the both the....