FUELARTS Art+Tech NFT metaverse
The main focus of the report is cumulative investments in Art+Tech & NFT Startups in 2022. It gives the market overview, investment numbers and portraits of investors, overviews trends and opportunities in both the Physical Art+Tech market and the Digital & NFT space.

The authors of the research also acknowledged the increasing interest in artificial intelligence (AI). As such, the survey conducted for the report involved Art+Tech startups and strategists, who provided their perspectives on the potential impact of AI on art as well as their opinions on the efficacy of existing AI tools provided by art platforms.

Denis Belkevich

“It has been a year since the first Fuelarts Startups Report. Over the last 12 months, we faced the threat of a major war, plunged into the crypto recession, and were once again struck by new strains of coronavirus. At the same time, we had the most successful year in the history of physical art sales, and similarly, in terms of overall investment in Art related startups. Fuelarts Report is the only niche analytical research on investments in infrastructure Art+Tech & NFT startups. It is designed to make investments in Art+Tech more transparent and reliable for investors, and for startups to make the fundraising process more accessible and understandable”.

Denis Belkevich, General Partner, Fuelarts

The Report includes case studies and interviews with leaders in Art Market and Web3 space including Anders Petterson (ArtTactic), Mason Edwards (The Tezos Foundation), Bernadine Bröcker Wieder (Arcual), Vitomir Jevremovic (ALL.ART), Paul Viktor Schmidt (fx(hash), Valérie C. Whitacre (TriliTech), and Sandy Carter (Unstoppable Domains). The insights shared by the aforementioned market practitioners offer valuable insights into the Art+Tech ecosystem. By considering their challenges and solutions, we can gain a deeper understanding of this industry and anticipate future developments. The Report provides an outlook on investment trends in the Art+Tech sector for 2023, drawing from the perspectives of startups, strategists, and the Fuelarts platform itself.

Fuelarts Art+Tech&NFT Report Contents

As an added benefit to professionals in the market who rely on retrospective analyses, the Report provides an analysis of the Art+Tech ecosystem from 2018 to 2022. This analysis includes a comparison chart of industry investments over the past 5 years, which is presented for the first time in the Report.

Furthermore, the Report contains a variety of informative infographics, including timelines, market shares, ecosystems, investments data, value chains, reviews, and survey results. These infographics allow readers to visually perceive numerical data and analytics, enabling them to identify trends and derive practical insights. This feature is especially valuable for professionals operating in the Art-Tech sector who seek to gain maximum practical benefit from the data presented in the Report.

Fuelarts Structure

Key Findings*

A complete Fuelarts Art+Tech & NFT Startups Report 2023 can be downloaded here

  • In 2022, 249 Art+Tech startups received funding: 14 startups in the “physical” Art Market and 235 companies in Digital Art & NFT Market.
  • The total funding for 249 Art+Tech startups amounted to $3.480 billion in 2022, which compounds to 70.8% of the total funding received by these startups since their launch, and 49.3% of the cumulative investments in the Art+Tech industry since 2000.
  • ● Startups in the “physical” Art Market received $104.6 million (3.0% of the total funding), while startups developing the Digital Art & NFT Market — $3.375 billion (97.0%).
  • In the Digital Art Market segment, R&D (content production) startups received the highest number of investments in 2022, which amounted to $1.647 billion for 81 companies. Startups in GameFi received $790.4 million for 37 companies. Fewer investments received Trade ($565.7 million, 41 companies), asset management ($212.8 million, 39 companies) and data analytics startups ($141.7 million, 25 companies).
  • Among the countries with the incorporation of Art+Tech & NFT startups (that received investments in 2022), the United States leads with 92 companies. Second place takes Decentral startups (46 companies), while Singapore takes third place (16 companies).
  • Art+Tech & NFT startups, founded in 2022, received total funding of $167.8 million, which amounted to 4.8% of the 2022 funding of all companies in this sector created in different years. All of them represented the Digital & NFT Market.
  • Art+Tech & NFT startups that received the highest investments in 2022 are in Seed Stage (142 companies, $1.289 billion), followed by 4 companies in Series C ($893.9 million) and 31 companies in Series A ($689.6 million).
  • The total number of investors participating in all rounds amounted to 854, 18.1% of them have made more than one investment in various Art+Tech & NFT startups in 2022. Three or more investments were made only by 6.2% of investors.
  • 81.9% of investors deployed their money only in one Art+Tech & NFT startup.

For more information, please visit https://fuelarts.com/