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

Through the previous seven days, non-fungible token (NFT) gross sales have dropped 23.37% and 30-day statistics present NFT gross sales are down 63.10% from the month prior. Whereas NFT curiosity has been waning, a latest research signifies that world areas like Singapore and Hong Kong lead the pack by way of NFT curiosity. The analysis additional means that “Poland is essentially the most anti-NFT nation.” Probably the most searched NFT mission worldwide, in response to search volumes by nation, is Axie Infinity, which instructions 112 international locations by way of the highest searches by assortment.

Singapore, Hong Kong, and Canada Have the Most NFT Curiosity — Poland, Nicaragua, and Belize Are the Most Anti-NFT International locations

A brand new research printed by cashnetusa.com, says researchers combed by way of NFT search knowledge in each nation in March 2022, after which calculated the variety of month-to-month searches per 1,000,000 members of the inhabitants utilizing the Ahrefs device. Moreover, cashnetusa.com researchers additionally leveraged the Twitter API and Snscrape device to undergo tweets matching the queries “NFT” and “NFTs.” From right here they used the Cardiff College-developed Hugging Face device to run a sentiment evaluation on the info. Lastly, the group calculated the highest 100 NFTs of all time on the Opensea market, and scraped by way of these particular search volumes through the Ahrefs device in each nation as effectively.

Statistics from cashnetusa.com’s NFT analysis.

Plenty of fascinating findings present how NFTs have affected every nation and researchers spotlight that Singapore is the “most hungry” for NFTs. “Singapore searches for NFTs greater than some other nation, with 18,717 searches per million inhabitants per thirty days,” the research particulars. Researchers clarify that at the moment, Montenegro is taken into account essentially the most pro-NFT nation worldwide because it captured “862 out of 1000 tweets proving optimistic.” The European nation Poland is anti-NFT in response to the analysis, with “227 of each 1,000 NFT-themed tweets discovered to be destructive in sentiment.”

NFTs From Axie Infinity and Decentraland Lead in International Searches

Cashnetusa.com’s report additionally reveals that the blockchain NFT recreation Axie Infinity is the most well-liked NFT mission by way of international locations worldwide. Axie Infinity has seen $4.23 billion in NFT gross sales amongst 2,115,063 merchants, in response to dappradar.com. The research signifies that Axie Infinity instructions 112 international locations by way of the magnitude of searches. Decentraland is the second most searched in 43 international locations and Bored Ape Yacht Membership (BAYC) captures six international locations.

“As a limited-edition assortment with a steep entry worth, the Apes could also be headline information — however they’re not on the fingertips of the typical NFT fanatic when Googling for brand spanking new acquisitions,” the cashnetusa.com researchers element.

Statistics from cashnetusa.com’s NFT analysis.

Cashnetusa.com’s analysis provides that NFTs contain an entire lot of “social, technical, and environmental weirdness,” and stresses that the topic will be controversial as effectively. “The place cash and status lead, divided opinions observe. Wild investments, scams, environmental fears, and hard-to-fathom know-how shroud NFTs in controversy — NFT commentators fall into two camps: evangelists and skeptics. And amongst NFT evangelists, everybody has their allegiance, be it to Bored Apes or Axie monsters,” the report’s creator concludes.