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NFTs craze is spreading very fast in South Africa, a study shows

NFTs craze is spreading very fast in South Africa, according to a recent study. 8.3% of survey participants already own the NFTs and 9.4% have plans to buy this emerging token in the future.

NFTs craze is spreading very fast in South Africa:

Africa is going to be a new adoption hub of the crypto market. The adoption of crypto was massive and now the NFTs craze is spreading very rapidly. A recent study about the Non-Fungible token has some interesting facts to reveal. 1205 internet users surveyed about the NFT and 8.3% of the total own a non-fungible token. These findings have ranked South Africa as the country with the 12th highest NFT adoption.

NFTs craze
Image from the survey Source: finder.com

Vietnam is holding the 5th position globally with an adoption rate of 17%. If we add the current percentage of people who own NFT, with the percentage of people who want to buy in the future 9.4% then it will be more than Vietnam. NFTs craze is spreading very rapidly and men in South Africa are more likely to own an NFT than women. The emerging market of NFT is taking its share in Africa.

According to the findings, The Philippines (32%) currently has the most NFT owners globally, followed by Thailand with 27%, Malaysia with 24%, and the United Arab Emirates (UAE) which has 23%. Nigeria, which is ranked sixth globally, is the highest-ranked African country with 13.7% of polled users confirming they own an NFT.

Read more here.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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