Interest in non-fungible tokens (NFT) in Asia and the Pacific reaches the first places in the world

Interest in non-fungible tokens (NFT) in Asia and the Pacific reaches the first places in the world

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Answer Interest in non-fungible tokens (NFT) in Asia and the Pacific reaches the first places in the world

According to recent Google Trends data, people from the world’s APAC region have been the most interested in the word NFT over the past year.

Possibly as a result of the continued boom of non-fungible tokens (NFTs).

People from China, Hong Kong and Singapore had the highest number of Google searches for the keyword “NFT” during the year.

Asia Pacific countries lead:

As mentioned, Google Trends data shows that China tops the list with the most searches for NFT tokens, with Google searches scoring 100 points.

It is followed by Singapore with an index of 67 points, then Hong Kong in third place with 62 points.

Read:After booking users’ money for several months, the COSS platform is preparing to open its doors again

Other major countries that have had a significant interest in the term “NFT” include the Philippines, Venezuela, Canada, Australia, Cyprus, the United States, and New Zealand.

Although China ranks first in research it may not come as a complete surprise as it is arguably the most populous country in the Asia Pacific region.

However, the arrangement may also be linked to the Chinese moving to NFT as an alternative since the most recent anti-crypto campaign in the country.

Why does NFT keep gaining popularity?

According to a post “Non-banking timesInvestors interested in cryptocurrency have no choice but to move to the NFT, given that the country has already banned cryptocurrency trading.

The post also added how the Chinese e-commerce giant, Alibaba, launched its own NFT marketplace, saying this could also boost the popularity of NFT in China.

The final notes to the publication say that Asian Pacific countries are usually more familiar with digital and cashless systems than Western ones, and hence their widespread adoption of NFT systems.

Meanwhile, Google searches for “NFT” reportedly surpassed searches for “cryptocurrency” in September, after the previous big rally in March.

Read:The co-founder of “Apple” believes that blockchain technology is nothing but a bubble

Read also:

SEC announces postponement of decision on Valkyrie’s Bitcoin ETF

“Kraken” company, after years of providing cryptocurrency trading services…plans to provide stock trading services

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