GEX AUTHENTIC

Revenue in the NFT segment is projected to reach US$2,520.0m in 2022. Revenue is expected to show an annual growth rate (CAGR 2022-2027) of 27.26% resulting in a projected total amount of US$8,412.00m by 2027. The average revenue per user in the NFT segment amounts to US$56.89 in 2022. In the NFT segment, the number of users is expected to amount to 64.45m users by 2027.

Revenue in the Digital Assets segment is projected to reach US$37,2400.00m in 2022. Revenue is expected to show an annual growth rate (CAGR 2022-2027) of 17.30% resulting in a projected total amount of US$82,710.00m by 2027. In the Digital Assets segment, the number of users is expected to amount to 412.18m users by 2027.

Problems

• lack of regulation creating predatory business practices;
• rampant fakes and plagiarism of existing NFTs;
• passing off NFTs as a security;
• a lack of direct communication within the NFT marketplace preventing creators and collectors building meaningful relationships;

Background

A non-fungible token (NFT) is a piece of data that is stored on a blockchain and authenticates a digital asset like a song, a piece of art etc. Some NFTs have fetched millions of dollars in the market place.

Although a major part of the GEX Platform, we will offer a white label version named GEX Authentic that allows manufacturers of products who wish to create limited and rare opportunities for their existing customer base whilst attracting new customers.

The current marketplace has no real way to monetise the activity on social media platforms. The lack of financial incentives stops many users from expressing their ideas and engaging with the community.

The GEX Platform monetisation system compliments these missing drivers in the market place, combined with our strict verification process to ensure the safety and security of our community we see a bright future for NFT creators and their audiences.