Fuelarts, a major accelerator for Art+Tech and NFT startups, has shared its third official report containing a comprehensive analysis of the current state of the Art+Tech industry. Fuelarts Report is a source of highly valuable information for investors and startup developers. This year, it features a detailed overview of investment trends. The main goal of Fuelarts Report is to provide investors with a clear picture of the state of the market. Read further for a summary of this year’s report.

Fuelarts Has Shared Its Art+Tech Industry Startups Report 2023

Since the release of its first report, Fuelarts has reached new heights in the spheres of startup acceleration, analytics, and venture funding. Fuelarts Report covers both Physical and Digital & NFT markets, focusing on the main trends and opportunities in both areas. According to the report, the “physical” Art Market has exceeded all expectations in 2022 in terms of sales.

On the other hand, Digital Art & NFT startups have received a whopping 97% of the funding, which indicates the growing interest in digital art projects among investors. Overall, there has been an increase in the funding of Art+Tech startups, including analytic ones, in 2022.

Fuelarts, in partnership with the open-source blockchain platform Tezos, is currently running an acceleration program dedicated to growing Art+Tech startups that have either been already actively partaking in the Tezos ecosystem or have plans to do so. The program has received 120 applications from 40 countries. Ten of them have been chosen to take part in the Art and Tech web3 accelerator. During this program, the participants receive tutoring from the leading experts in the Art+Tech industry. The research conducted by Fuelarts shows that most startups found their investors through networking and person-to-person recommendations, which once again shows the significance of projects like the Art and Tech web3 accelerator. Fuelarts Startups Report 2023 includes an in-depth analysis of the fruits of the labor of this program.

Apart from the market overview, the report features case studies and interviews with prominent figures in Art Market and Web3 space, providing additional insight into the current state of the industry.

Fuelarts is an investment platform that has been helping emerging startups in the Art+Tech industry gain resources to grow and expand while preserving integrity and transparency. Fuelarts Report contains crucial information that will benefit investors, developers, and other people interested in learning more about the Art+Tech market, how it functions, and what opportunities it offers. Startup Report 2023 is available in open access on the Fuelarts website to anyone who wishes to familiarize themselves with its contents.