According to reports, the global number of NFT transactions is likely to rise from 24 million in 2022 to 40 million by 2027. It has also cautioned about an unregulated environment that is home to fraudulent activities and scams. The study reveals that metaverse-linked NFTs will be the fastest-growing NFT segment over the next five years, increasing from 600,000 transactions in 2022 to 9.8 million by 2027.