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Photo by Jason Leung on Unsplash

Top 05 Countries where NFTs are Popular


Photo by Jason Leung on Unsplash

 

With the rising popularity of NFTs, many countries worldwide are embracing its potential in different industries and purposes. There are several types of NFTs. Art, music, games, fashion, and even memes can be some of them. NFTs have a huge influence in their trading markets and also in the arts and music industry. Many countries utilize this innovative technology and here are some of the most popular ones.

 

1. Philippines (32%)

  • About 32 % of those polled in the Philippines alone are NFT owners, and 9.5 % plan to get one
  • What’s even more intriguing is that play-to-earn games based on blockchains helped NFTs gain significant popularity in the nation
  • Digital products or in-game money can be bought, sold, or exchanged in these games
  • Axie Infinity is a fantastic illustration of an NFT game that is becoming more and more popular in the Philippines

 

2. Thailand (26.6%)

  • NFTs are well-known in the music and art industries in Thailand
  • To support Thailand’s unique and inventive artistic community, a few NFT art marketplaces have already been formed.
  • These platforms seek to increase the usability of NFT for owners, producers, and collectors of digital assets both inside and outside Thailand
  • Approximately 7.9 % of the population was polled, and the country’s predicted adoption rate is 34.5 %

 

3. Malaysia (23.9%)

  • The development of NFTs in Malaysia is also influenced by the field of art
  • Especially for those who don’t know how there are nonprofit organizations that work to assist Malaysian artists in entering the NFT world swiftly
  • With 34.4 %, Malaysia’s anticipated adoption rate is similar to that of Thailand
  • The proportion of those who intend to acquire NFT is 10.5 %

 

4. United Arab Emirates (23.4%)

  • The field of art has an impact on NFT development in United Arab Emirates (UAE)
  • The introduction of Abu Crypto, a distinctive collection of digital artworks representing eight members of the Arab family, was announced in December 2021, according to Yahoo! Finance
  • As per its website, this collection aims to “spread their love of the Arab region.”

 

5. Vietnam (17.4%)

  • It’s no surprise that Vietnam made it to the list as it’s the country where Axie Infinity came to life
  • Other than Axie Infinity, many NFT games have their roots in Vietnam, including Luna Rush, a distinct NFT game with an anime theme
  • Vietnam’s art industry has adopted NFT to a similar extent as the other nations on this list
  • The region has seen the emergence of numerous NFT platforms for digital art, opening the door for more creators to enter the cryptocurrency market right away

   

REFERENCE

  1. https://www.nftculture.com/nft-news/top-5-countries-in-nft-adoption/

 

DISCLOSURE:

None of these articles constitutes financial advice. Articles are highly summarised to make it easy for the reader and save your time, so please DYOR further before putting your hard-earned money into any product mentioned.

Please note that the tech industry evolves rapidly and this article's information is correct at the time of publishing. As Heraclitus said, “Change is the only constant,” so if anything sounds old or off, please holler on the socials or comment here so everyone stays peeled.

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TheNiftyRevolution
TheNiftyRevolution

Hi, I'm Mo and I'm an entrepreneur passionate about crypto, NFTs, and the blockchain. This publication aims to educate the masses on adopting Web 3.0 early before it's too late :) I'm here to write, if it takes off, thanks a lot fam, if not thanks still


theniftyrevolution
theniftyrevolution

Exploring creativity and the love of fancy things in life through Cryptoart or NFTs (Non Fungible Tokens). An important disclaimer before reading anything else. It’s kind of a must for crypto investment stories nowadays. Articles I publish are not financial advice, as I am not “paper qualified” to give away such advice. This is simply the humble adventures of a crypto and NFT enthusiast.

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