Study Shows Singapore Leads in NFT Searches Worldwide, Researchers Say ‘Poland Is the Most Anti-NFT Country’

During the past 7 days, non-fungible token (NFT) income person dropped 23.37% and 30-day statistic amusement NFT income are down 63.10% from the period prior. While NFT involvement has been waning, a caller survey indicates that planetary regions similar Singapore and Hong Kong pb the battalion successful presumption of NFT interest. The probe further suggests that “Poland is the astir anti-NFT country.” The astir searched NFT task worldwide, according to hunt volumes by country, is Axie Infinity, which commands 112 countries successful presumption of the apical searches by collection.

Singapore, Hong Kong, and Canada Have the Most NFT Interest — Poland, Nicaragua, and Belize Are the Most Anti-NFT Countries

A new study published by cashnetusa.com, says researchers combed done NFT hunt information successful each state successful March 2022, and past calculated the fig of monthly searches per 1,000,000 members of the colonisation utilizing the Ahrefs tool. Furthermore, cashnetusa.com researchers besides leveraged the Twitter API and Snscrape instrumentality to spell done tweets matching the queries “NFT” and “NFTs.” From present they utilized the Cardiff University-developed Hugging Face instrumentality to tally a sentiment investigation connected the data. Lastly, the squad calculated the apical 100 NFTs of each clip connected the Opensea marketplace, and scraped done those circumstantial hunt volumes via the Ahrefs instrumentality successful each state arsenic well.

A fig of absorbing findings amusement however NFTs person affected each state and researchers item that Singapore is the “most hungry” for NFTs. “Singapore searches for NFTs much than immoderate different country, with 18,717 searches per cardinal inhabitants per month,” the survey details. Researchers explicate that currently, Montenegro is considered the astir pro-NFT state worldwide arsenic it captured “862 retired of 1000 tweets proving positive.” The European state Poland is anti-NFT according to the research, with “227 of each 1,000 NFT-themed tweets recovered to beryllium antagonistic successful sentiment.”

NFTs From Axie Infinity and Decentraland Lead successful Global Searches

Cashnetusa.com’s study besides shows that the blockchain NFT crippled Axie Infinity is the astir fashionable NFT task successful presumption of countries worldwide. Axie Infinity has seen $4.23 cardinal successful NFT income among 2,115,063 traders, according to dappradar.com. The survey indicates that Axie Infinity commands 112 countries successful presumption of the magnitude of searches. Decentraland is the 2nd astir searched successful 43 countries and Bored Ape Yacht Club (BAYC) captures six countries.

“As a limited-edition postulation with a steep introduction price, the Apes whitethorn beryllium header quality — but they’re not astatine the fingertips of the mean NFT enthusiast erstwhile Googling for caller acquisitions,” the cashnetusa.com researchers detail.

Cashnetusa.com’s probe adds that NFTs impact a full batch of “social, technical, and biology weirdness,” and stresses that the taxable tin beryllium arguable arsenic well. “Where wealth and prestige lead, divided opinions follow. Wild investments, scams, biology fears, and hard-to-fathom exertion shroud NFTs successful contention — NFT commentators autumn into 2 camps: evangelists and skeptics. And among NFT evangelists, everyone has their allegiance, beryllium it to Bored Apes oregon Axie monsters,” the report’s writer concludes.

What bash you deliberation astir cashnetusa.com’s precocious published NFT probe report? Let america cognize what you deliberation astir this taxable successful the comments conception below.