Blockchain IM apps to see over half-billion dollar valuation by 2030
Blockchain-backed digital messaging applications are forecasted to skyrocket in value in the seven years with a projected 43.6% compound annual growth rate. Blockchain use cases continue to surface as the technology becomes more accessible. In the case of already-known use cases, such as blockchain-based messaging applications, mass Adoption is on the horizon. According to a new report from Grand View Research, the global Blockchain messaging application market size is forecasted to hit a valuation of $536.5 million by 2030. The report, released on Feb 1. highlights this as a 43.6% compound annual growth rate in the 7-year timespan. In 2021, the market valuation for blockchain messaging applications was around $22.2 million. At that time, North America dominated the market and accounted for the largest share with over 29% of the global revenue. However, during the forecast period, the Asia Pacific region is projected to register rapid growth in the Blockchain messaging application ...