Since the start of this year, searches for non-fungible tokens have gone down sharply globally (NFTs). Between January 23 and January 29, the measure was at its highest, at 100. Between August 7 and August 13, it dropped by 85 percent, to 15. Based on a review of Google Trends data by Bankless Times, this is the case.
Even though the economy is getting worse, NFTs are still famous in Asia. This continent is home to seven of the top ten countries where people search for NFT the most.
Jonathan Merry, the CEO of Bankless Times, thinks that the strong gaming culture in Asia may be one reason why so many people in Asia search for NFTs. China is the biggest gaming market in the world because it has about 740 million players.
“Asia’s growing dominance in the NFT search interest space is due to several factors, chief of which is the region’s strong gaming culture and growing GameFi audience. Asian countries are home to some of the world’s largest gaming markets, which provide a ready made audience for NFT-based games,” Jonathan Merry, who runs Bankless Times as its CEO said.
The CEO says that Asian businesses are at the forefront of making new gaming platforms and NFTs. This idea came from the growing interest in NFT technology and how it can be used.
China and Hong Kong are at the front of the line. Since December 2021, the first one has been very interested in NFTs. During this time, its search value has stayed around 100.
In Hong Kong, the measure has gone up much more. Its search value was sixty in December 2021, but as of August 13, it was one hundred. This means that the topic was talked about 66.67 percent more at the time in question.
Taiwan is another Asian country that has seen a big rise in NFT searches. The NFT search interest value for the country went from 26 to 54, an increase of 107%. The last four Asian countries on the list are Macau, Mongolia, and South Korea.Only Gibraltar, Nigeria, and the Cayman Islands, which are not in Asia, made it into the top ten.
This news is published and verified by the NFT News media team.
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